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Clear the date January 27 on your calendar! CLICK HERE now to register before it's too late!
ENCORE MasterClass™ For Middle-Market Private Equity & Mezzanine Investors & Lenders
Private Equity Investing In the Restaurant Industry --
Deals Are Back on the Table As Consumer Demand Returns Attendance Is Limited! CLICK HERE to Register Now
CHAIRED BY David B. Pittaway, Senior Managing Director Castle Harlan Inc.
Featuring 20 Expert Speakers Including --
Click Here to Register >> Purchase Audio Package >>
FULL-DAY MASTERCLASS Thursday, January 27, 2011 8:00 am – 5:00 pm Designed to Meet the Needs of GPs, LPs, & Managers of Buyout, Growth Equity, Mezzanine, & Lending Funds, as Well as Independent Sponsors, Operating Partners, Portfolio Company Managers, and the Bankers, Lawyers, Accountants, & Other Advisors Who Support Them Faculty | Schedule | Registration | Location | Sponsorship | Audio Package | Good news. Investors’ interest in restaurant companies has revived, and mostly for one simple reason -- consumers are eating out again.
And not just in the value segment -- high-end dining is reviving even faster than casual dining, with positive momentum and improved same-store sales over consecutive quarters at such chains as Morton’s, Capital Grille, and Ruth’s Chris.
A prime indicator of this resurgence is that the four-year wait for a restaurant IPO finally ended in October when the Bravo Brio upscale casual dining chain went public. Same-store sales had turned positive at the beginning of the year, and grew over the following quarters, so the timing was right.
Proving that there was pent-up demand for restaurant investments, especially from an asset allocation standpoint, the IPO was extremely successful with a 14 percent share price hike the very first day.
Another sign is that the National Restaurant Association’s Restaurant Performance Index has reached its highest level in three years. An index of over 100 signifies an expanding industry, and the index has achieved this mark over consecutive months.
What’s more, a majority of restaurants have recently reported higher same-store sales, and are optimistic their sales will stay positive in the months to come.
But as good as a restaurant business may seem, the fact remains -- it’s still a business! More than that, it’s a business unlike other retail businesses.
So you must understand that even great, much-loved restaurant concepts can have lousy business models that just won’t meet the test of time. For example, no wise investor should pay a double-digit multiple for a company with a brilliant concept but poor unit economics.
Make plans now to join us for our annual full-day conference on private equity investing in restaurant companies --
Private Equity Investing In the Restaurant Industry --
This conference on Thursday, January 27, in New York, will help you make smart choices and sound decisions throughout 2011 and 2012, both with new investments and with managing current portfolio companies. You’ll hear about the trends and forecasts that can point you in profitable directions and reward your attendance.
What’s more, making your reservation ahead of time carries an immediate financial reward. Sign up now, and you will receive our special Early Bird Discount -- a generous savings of $400!
20 Restaurant Industry Veterans Serve Up Fresh Insights.
This conference will give you the big picture of the entire $580 billion restaurant space-- what types of deals are in the pipeline, who’s lending, which business models are succeeding, and more.
And while there may be cause for some celebration, some segments remain weak, many potential landmines exist, and we’ll cover these in detail as well.
For example, unemployment continues to be an issue, as a decrease in two-income families means more people staying at home to cook meals and stretch lower household incomes. And down the road, the new Health Care Bill may force the restaurant industry to cover millions of employees not presently covered -- which will be a huge cost to all employers.
To serve as our chair, we’re delighted to welcome David Pittaway, senior managing director at Castle Harlan in New York City. David has been with Castle Harlan since its founding in 1987, and is a board member of Morton's Restaurant Group, Bravo/Brio Restaurant Group, Caribbean Restaurants, and Perkins & Marie Callender's. He holds both an MBA with High Distinction, and a JD from Harvard University.
Along with David, our panel discussions will feature 20 leading private equity experts in the restaurant space, including senior GPs, portfolio company operating executives, investment bankers, lenders, consultants, and more. They’ll be sharing their candid opinions on operating strategies, branding challenges, deal structures, and other key topics.
Register now to get the answers that can make 2011 a banner year --
Networking Opportunities as Superb as Our Content.
Beyond informative presentations and proprietary information, this conference brings you the chance to make valuable contacts and connections. We’ve built in plenty of time over the day when you can meet fellow attendees and featured speakers, including session breaks and an open lunch.
You should attend this conference if you are a --
Remember, register with our Early Bird Discount by December 17, 2011 and you’ll save $400 off our standard fee! Our previous restaurant investing conferences have quickly filled up, and this all‑NEW encore 2011 conference will be no different -- so please make your reservation now so you’re not disappointed. We’ll be looking forward to greeting you.
For more information, please feel free to contact Dana DeMattia at 212-832-7333 ext. 102 or ddemattia@capitalroundtable.com.
This conference is being produced by The Capital Roundtable, America’s leading conference organization focusing on “need-to-know” information for professionals in the middle-market private equity community.
For more information about The Capital Roundtable’s 20 annual MasterClasses and other events and programs, please visit www.capitalroundtable.com. FacultyChaired By
Hosted By
Speakers
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Registration
You can pay by credit card (using the links above) or by check. Mail your check and business card to: New York Business Roundtable Inc., 12 East 44 Street, Penthouse, New York, NY 10017. If the program is oversubscribed, we will notify you immediately and not charge your credit card. (If you need to cancel, please do so by Thursday, January 20 at 5:00pm, and we will credit you for a future MasterClass.)
Have a special question? Please contact Shaina Mardinly at 212-832-7333 ext.103 or by email at smardinly@capitalroundtable.com. LocationThe University Club College Hall -- First Floor One West 54 Street (at 5th Avenue) New York City Audio PackageCan't attend but want to hear the program? You can buy the audio package along with the handouts. Purchase the audio package online now. SponsorshipThe Capital Roundtable offers excellent marketing and business development opportunities to reach the middle-market private-equity community . For more details, please contact Dana DeMattia at 212-832-7333 or by email at ddemattia@capitalroundtable.com. |
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