MasterClassTM

Capital Roundtable

Contributing Sponsor

Association Partners

Research Partners

Media Partners

Partial List of
Past Attendees

21CT Inc.

Arlington Capital Partners

Aronson Capital Partners LLC

Avascent

BB&T Capital Markets | Windsor Group

BBH Capital Partners

BDO USA LLP

Behrman Capital LP

Bregal Sagemount

BV Investment Partners

Capital A Partners

Central Intelligence Agency

CIT Aerospace & Defense Finance

Civitas Group LLC

Coalfire Sytems Inc.

Comsec Consulting Ltd.

Cyber Security Solutions LLC

Fairmont Consulting Group LLC

Funk Advisory Group

Gerson Lehrman Group Inc.

Great Hill Partners LLC

GrowthPoint Technology Partners LLC

GTCR LLC

Halyard Capital Management LLC

Harris Williams & Co.

Houlihan Lokey

Hudson Fairfax Group LLC

IBM Corp.

Investcorp International Inc.

Ironwood Capital Ltd.

Ironwood Partners LLC

KippsDeSanto & Co.

Lockheed Martin Corp.

McGladrey

McLarty Capital Partners

Medina Capital

Moelis & Co. Holdings LP

Morrison & Foerster LLP

New Mountain Capital LLC

Paladin Capital Group

PKWARE Inc.

Renaissance Strategic Advisors LLC

Science Applications International Corp.

Seyfarth Shaw LLP

Sierra Vista Group LLC

Sorenson Capital

Stroz Friedberg LLC

Technology Media Advisors LLC

uReveal

Venture Management Inc.

Wave Systems Corp.

Wells Fargo Capital Finance

Whitenoise Laboratories (Canada) Inc.

 

Clear the date June 17 on your calendar!

CLICK HERE now to register before it's too late!

Attention -- Middle-Market Private Equity

& Mezzanine & BDC Investors & Lenders

ENCORE CONFERENCE

 

Private Equity Investing

In Automotive Supplier Companies

With the Auto Industry Restructured
& Production Strong, Higher Levels of PE
And M&A Activity Are Expected

 

Register Now

 

CHAIRED BY

Jonathan F. Foster, Managing Director
Current Capital LLC

 

FULL-DAY CONFERENCE

Tuesday, June 17, 2014

8:00 am – 5:00 pm

At a Private Venue on Fifth Avenue
In Midtown New York City

                                                                       

Featuring 20 Expert Speakers

Jack Butler, Hilco Global

Eric L. Cochran, Skadden Arps Slate Meagher & Flom LLP

Joseph H. Conner, Harris Williams & Co.

Kevin Cramton, CARDONE Industries

Jason Forcier, A123 Systems LLC

Jeffrey M. Forlizzi, Silver Point Capital LP

David S. Gellman, FdG Associates LP

Daron Gifford, Plante & Moran PLLC

Evan Hershberg, ONCAP Management Partners LP

Ken Kloner, UBS Investment Bank

Timothy D. Leuliette, Visteon Corp.

Jonathan Lewinsohn, Centerbridge Partners LP

Jason Luo, Key Safety Sytems, Inc.

Glenn A. Mercer, Glenn Mercer Automotive LLC

Justin E. Mirro, RBC Capital Markets Corp.

Alexander M. Rose, Crestview Partners LP

Donald L. Runkle, EcoMotors International

David B. Walker, J. P. Morgan Chase & Co.

Joseph B. White, Wall Street Journal

Edward Witz, Barclays Capital Inc.

Ira Wolfson, Rothschild Inc.

John S. Wood, Heidrick & Struggles International Inc.

J. Stephen Worth, Evercore Partners Inc.

Steven Zelin, Blackstone Group LP

 

 

 

Click Here to Register >>   Purchase Audio Package >>


 Visit Audio Library >>    Add to Outlook Calendar >>

 

Designed to Meet the Needs of GPs, LPs, & Managers of Buyout, Growth Equity, Mezzanine, BDC and 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 |

The financial strength of automotive suppliers continues to improve.  So these companies are attracting more and more attention from middle-market PE firms.

 

Consolidations are producing growing opportunities among Tier 2 and Tier 3 suppliers, including such segments as metal stamping, plastic molding, and die casting. Tier 1 suppliers in such segments as telematics are finding they can command higher premiums.

 

There are many good reasons for this heightened interest. Consider these three major growth drivers --

  • The automotive industry continues to recover from bankruptcy and restructuring. In North America, auto production has grown to a 13-year high of nearly 17 million units per year. And China has gone from virtually zero cars to becoming the world’s biggest market, with 19 million new units per year at present and projected output of 30 million.
  • Changing fuel efficiency standards are changing the game. The Corporate Average Fuel Economy (aka "CAFE") standards are creating a new industry focus on alternative fuels and lighter weighting -- bringing on new business for parts suppliers.
  • Use of telematics inside vehicles is exploding. Technology to monitor systems. Safety sensors. Wireless connectivity for devices. Video and audio capabilities. As cars become digital wonders, the leadership often takes place on the supplier side.

     

    Attend The Capital Roundtable’s ENCORE conference -- “Private Equity Investing in Automotive Supplier Companies” --  being held in New York City on Tuesday, June 17th. 

Expanded production is an important catalyst for more transactions down the road. With another year or two of consistent production growth, companies will have to look for external acquisitions in order to keep growth rates up.

 

As regulations change and toughen, the supplier companies who are the most nimble and forward-thinking are tomorrow’s likely winners. For example, the ability to work with lightweight materials is a new mandatory. Automakers are focusing on design and marketing as their core competencies -- not components -- so outsourcing is here to stay.

 

And while technology advances continue to differentiate newer vehicles, the power is often located within the suppliers to OEMs who have many of the specialized skills that are viewed as their domain.  What’s more, many Tier 1 suppliers are increasing their own R&D spend on electronics to claim their own definitive niches.

 

In addition, globalization by automotive OEMs is rapidly accelerating, with a push toward modular architecture and fewer vehicle platforms. In particular, Ford is reducing its number of platforms by 50 percent. This leads to the ability to use the same products and parts throughout the world, helping reduce costs for automotive suppliers.

 

Among the many positive indicators --

  • New car sales have accelerated over the past 18 months.
  • From last year through 2015, the auto industry is expected to introduce 260 new models and redesigns -- over 70 percent growth from 2010.
  • 25 percent of all cars will have components made from lightweight aluminum instead of steel in the next 10 years.
  • Electronic content is projected to grow to 50 percent of total value per vehicle in the next decade.
  • Over the past three years, about half of all private equity transactions within the automotive sector took place among supplier companies.

Here are 6 important reasons you should Register Now for this encore Capital Roundtable conference, “Private Equity Investing in Automotive Supplier Companies” --

  • Recognize which segments of automotive supplier companies will be in the highest demand during 2014-15.
  • Understand how CAFE standards and other government regulations will impact the sector in the months to come.
  • Hear why touch-screen controls and other advanced electronics gadgets are fostering growth in telematics suppliers.
  • Discover how growing globalization among OEMs is providing new opportunities to automotive supplier companies.
  • Find out how middle-market investors are assessing valuations in the automotive supplier marketplace.
  • Learn when and how to exit an automotive supplier company investment.

As chair of this conference, we’re delighted to welcome Jonathan F. Foster, managing director of Current Capital LLC in New York City – a middle-market private equity investing and management services firm that focuses on the industrial and business services industries.

 

NEWS BULLETIN

 

In addition, we’re also delighted to welcome Timothy D. Leuliette, president and CEO of Visteon Corp., who is being interviewed during the morning of the conference.  

 

As you know, Visteon just sold its automotive interiors business to Cerberus Capital Management LP.   This deal is the latest step in Tim’s effort to turn around Visteon by focusing on its core businesses.

 

 

Jon has spent over 25 years primarily as an investment banker, private equity investor, and corporate director at major firms, and founded Current Capital in 2008.  He is a director of two automotive suppliers -- publicly traded Lear Corp., a global leader in seating and electrical systems, and TI Automotive, a global leader in fuel systems.

 

From 2007 until 2008, Jon served as a managing director and co-head of diversified industrials and services at Wachovia Securities. From 2005 until 2007, he served as executive vice president -- finance and business development of Revolution LLC. From 2002 until 2004, he was a managing director of The Cypress Group, a private equity investment firm and from 2001 until 2002, he served as a senior managing director and head of industrial products and services mergers & acquisitions at Bear Stearns & Co.

 

From 1999 until 2000, Jon served as the executive vice president, chief operating officer, and chief financial officer of Toysrus.com Inc. Previously he was with Lazard, primarily in mergers and acquisitions, for over ten years, including as a managing director. Jon is also a director of Masonite International Corp., Chemtura Corp., and Berry Plastics as well as a trustee of the New York Power Authority. He was previously a member of the board of directors of Smurfit-Stone Container Corp.

 

Jon earned a bachelor's degree in accounting from Emory University, a master's degree in accounting and finance from the London School of Economics, and has attended the Executive Education Program at the Harvard Business School.

 

Register Now to Meet 20 Automotive Supplier Company Experts

 

This conference on June 17th will bring you three panel discussions led by our chair and featuring shared insights from top PE professionals, plus one informative keynote presentation and two informal chats. You will hear real-world perspectives, lessons learned, and industry outlooks, plus insights on managing current portfolio companies.

 

You will also hear about notable middle-market industry deals including --

  • Audax Private Equity portfolio company AAMP of America’s acquisition of Armour Automotive Ltd., a designer and distributor of branded connectivity and audio solutions for the in-vehicle entertainment and communication markets.
  • HGGC’s acquisition of AutoAlert, a provider of cloud-based data mining analytics and dealer portfolio management solutions to North American automotive retail dealerships.
  • TPG Capital’s acquisition of The Warranty Group, a provider of extended warranty programs and related services, from Onex Corp.
  • Tower Three Partners’ recent funding for The Paslin Co., a maker of robotic assembly lines for OEM auto companies.
  • The successful sale by Sterling Group and Current Capital of Stackpole International, a leading automotive supplier of highly-engineered oil pumps and powdered metal components, to Crestview Partners.
  • Kinderhook Industries’ portfolio company Tectum Holdings Inc.’s acquisition of Laurmark Enterprises, a maker of hard composite folding tonneaus.
  • OMERS Private Equity’s acquisition of Caliber Collision Centers, one of America’s largest non-franchised paint and body repair services, from ONCAP.

By attending this Capital Roundtable conference, you’ll be well poised to act on the very best middle-market deal opportunities of 2014. We’ll answer questions such as --

  • What makes the automotive supplier companies space so attractive for middle-market PE investors today?
  • Where should automotive supplier companies investors be looking for the best opportunities of 2014 and 2015?
  • How can first-time investors in the automotive supplier companies space avoid traps and pitfalls?
  • What are the different automotive supplier company investment strategies that leading firms are using, and which are most successful?
  • What are the individual parts segments that tend to have the longest life cycles, and thus less risk?
  • How are lenders approaching deals with automotive supplier companies and what factors are behind their decisions?
  • What are the metrics and valuation guidelines that can help you judge a middle-market automotive supplier company deal?
  • What are the misconceptions about middle-market automotive supplier investing -- and what is the reality?
  • What are the best practices of managing automotive supplier portfolio companies?

Register Now to Reap Valuable Contacts Through Our Networking Opportunities

 

The day’s agenda includes ample time to let you --

  • Meet fellow attendees and featured speakers
  • Enhance your personal database with valuable connections
  • Share both ideas and business cards
  • If you’re an attorney or advisor -- meet new potential clients
  • If you work as an executive search professional -- meet potential prospects

Register Now To Receive Our Early Bird Rate

 

You will benefit from a generous savings of $400 off our regular price by making your reservations for this conference before May 2, 2014.

 

Keep in mind this conference is certain to fill up quickly, so you’ll want to register as soon as possible to assure yourself a seat. To avoid disappointment, please contact Hallie Watson today to confirm your attendance at 212-832-7300 ext. 0 or hwatson@capitalroundtable.com

 

We look forward to having you join us on June 17th.

 

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 30 annual conferences and other events and programs, please visit www.capitalroundtable.com.

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Faculty

Chaired By

  • Jonathan F. Foster, Managing Director, Current Capital LLC

Hosted By

  • Burt Alimansky, Chairman & CEO, The Capital Roundtable

Speakers

  • Jack Butler, Executive Vice President, Hilco Global

  • Eric L. Cochran, Partner, Skadden Arps Slate Meagher & Flom LLP

  • Joseph H. Conner, Managing Dir.--Transportation & Logistics Group , Harris Williams & Co.

  • Kevin Cramton, Chief Executive Officer, CARDONE Industries

  • Jason Forcier, Chief Executive Officer, A123 Systems LLC
  • Jeffrey M. Forlizzi, Senior Investment Analyst, Silver Point Capital LP
  • David S. Gellman, Managing Director, FdG Associates LP
  • Daron Gifford, Management Consulting Partner, Plante & Moran PLLC
  • Evan Hershberg, Managing Director, ONCAP Management Partners LP
  • Ken Kloner, Global Head--Automotive Practice, UBS Investment Bank
  • Timothy D. Leuliette, President & CEO, Visteon Corp.
  • Jonathan Lewinsohn, Senior Managing Director, Centerbridge Partners LP
  • Jason Luo, President & CEO, Key Safety Systems, Inc.
  • Glenn A. Mercer, Principal, Glenn Mercer Automotive LLC
  • Justin E. Mirro, Managing Dir. & Head--US Automotive Investment Banking, RBC Capital Markets LLC
  • Alexander M. Rose, Principal, Crestview Partners LP
  • Donald L. Runkle, Executive Chairman, EcoMotors International
  • David B. Walker, Managing Director, J. P. Morgan Chase & Co.
  • Joseph B. White, Global Automotive Editor, Wall Street Journal
  • Edward Witz, Managing Director, Barclays Capital Inc.
  • Ira Wolfson, Managing Director, Rothschild Inc.

  • John S. Wood, Vice Chairman, Heidrick & Struggles International Inc.
  • J. Stephen Worth, Senior Managing Director, Evercore Partners Inc.
  • Steven Zelin, Senior Managing Director, Blackstone Group LP

 

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Schedule

 

  
07:30-08:15 Networking & Registration & Breakfast
08:15-09:00 Welcoming Remarks & Audience Introductions
09:00-09:15

Chairman's Welcome

  • Jonathan F. Foster, Current Capital LLC
09:15-09:45

Introductory Keynote -- -- “Not Your Father’s Cyclical -- A Fresh Look at the Post-Crash Auto Industry.”

  • Joseph B. White, Wall Street Journal
09:45-10:45

Panel 1 -- "New Wave of Investment Opportunities -- Four Deal Experts Discuss What’s on the Horizon After a Decade of Challenges"

 

Moderator:

  • Steven Zelin, Blackstone Group LP

Panelists:

  • Eric L. Cochran, Skadden Arps Slate Meagher & Flom LLP
  • Jeffrey M. Forlizzi, Silver Point Capital LP
  • Ira Wolfson, Rothschild Inc.
  • Stephen Worth, Evercore Partners Inc.
10:45-11:30 Networking & Breakfast
11:30-12:30

Panel 2 -- "Perspectives on Today’s Marketplace -- Four PE Investors Discuss Deals They’re Seeing, Deals They’re Avoiding & Deals They’ve Done"

 

Moderator:

  • Joseph H. Conner, Harris Williams & Co.

Panelists:

  • David S. Gellman, FdG Associates LP
  • Evan Hershberg, ONCAP Management Partners LP
  • Jonathan Lewinsohn, Centerbridge Partners LP
  • Alexander M. Rose, Crestview Partners LP
12:30-01:00

Morning Interview -- “Title TBA”

 

Interviewer:

  • John S. Wood, Heidrick & Struggles International Inc.

Interviewee:

  • Timothy D. Leuliette, Visteon Corp.
01:00-02:00

Networking & Luncheon

02:00-02:45

Supplier Conversation --  "Three Executives of Supplier & Services Companies Compare Experiences"

 

Moderator:

  • TBA

Speakers:

  • Kevin Cramton, CARDONE Industries
  • Jason Forcier, A123 Systems LLC
  • Jason Luo, Key Safety Systems Inc.
02:45-03:30

Mega Trends Conversation -- “Mega Trends in the Automotive Industry & Their Influence on Middle-Market Private Equity Investing”

 

Moderator:

  • Jack Butler, Hilco Global

Speakers:

  • Glenn A. Mercer, Glenn Mercer Automotive LLC
  • Don Runkle, EcoMotors
03:30-04:30

Panel 3 -- “Four Investment Bankers Discuss the Unique Issues of Acquiring Automotive Supplier Companies”

 

Moderator:

  • Jonathan F. Foster, Current Capital LLC

Panelists:

  • Ken Kloner, UBS Investment Bank
  • Justin E. Mirro, RBC Capital Markets Corp.
  • David B. Walker, J. P. Morgan Chase & Co.
  • Edward Witz, Barclays Capital Inc.
04:30 Networking & Adjournment

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Registration

  • Early Bird Registration Fee -- and save $400 off the standard fee! Register by Friday, May 9, and the fee for the conference is $995.
  • Premiere Registration Fee -- save $200 off the standard fee! Register by Friday, May 23, and the fee for the conference is $1195.

 

  • After that, the standard fee is $1395 for the conference.

 

  • At the door, if space is available, the fee is $1495 for the conference.

 

  • Special group rates -- The Capital Roundtable offers a special discount for 2 or more people.  For more info, please contact Hallie Watson hwatson@capitalroundtable.com or 212-832-7300 ext 0.


Click Here to Register >>    Purchase Audio Package >>

 

 Visit Audio Library >>    Add to Outlook Calendar >>

 


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, June 10 at 5:00pm, and we will credit you for a future MasterClass.)


From time to time, for reasons beyond Capital Roundtable's control, program schedules and speakers become subject to change.  We make every effort to announce substantive changes by email to registrants at least 48 hours in advance.

Have a special question?  Please contact Hallie Watson hwatson@capitalroundtable.com or 212-832-7300 ext 0.

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Location

 

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Audio Package

Can't attend but want to hear the program? You can buy the audio package along with the handouts. Purchase the audio package online now.

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Sponsorship

We offer excellent marketing and business development opportunities to reach the middle‑market private equity community. For more details, please contact Claire Notton at 212-832-7300 ext. 117, or by email at cnotton@capitalroundtable.com.

 

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