MasterClass^TM

Last Year's
Attendees Included:

Bank One Equity Partners

Charterhouse Group Inc.

Circle Peak Capital Management LLC

Cypress Group LLC

Fidelity Strategic Investments Inc

George K. Baum Advisors LLC

Brown Gibbons Lang & Co.

Gordon Co. Inc.

J.P. Morgan Chase & Co.

John Hancock Financial Services Inc.

KeyBank NA

Lake Pacific Partners LLC

Piper Jaffray & Co

Harris Nesbitt Corp.

Ripplewood Holdings LLC

Sherbrooke Capital LLC

Sysco Corp.

Wasserstein & Co. LP

Wind Point Partners LLC

MEDIA PARTNERS

Second Annual MasterClass™
FOOD & BEVERAGE M&A and BUYOUTS

What Successful Investors Are Doing Right,
& Where the Best Opportunities Are

Featuring 18 Expert Speakers

FULL DAY MASTERCLASS
Thursday, January 26, 2006
8:00 am - 5:30 pm
University Club
New York City

PRE-CONFERENCE WORKSHOP (OPTIONAL)
Fundamentals of Food & Beverage Investing
Wednesday, January 25, 2006
University Club

2:00 pm - 5:00 pm

Designed to Meet the Needs of Managers of Buyout, Venture Capital, & Hedge Funds, Executives of Their Portfolio Companies, as well as The Lawyers, Accountants, & Other Advisors Who Support Them

Faculty | Schedule | Registration | Location | Sponsorship | Audio Package

The $600-billion U.S. food and beverage industry has averaged over 100 M&A deals a year since 2001, and plays a clear role in most middle-market private equity portfolios.

Buyout, venture capital, and hedge fund investors have racked up notable successes -- and some spectacular failures.

Especially active have been investors hunting for niche plays in natural and organic, ethnic, specialty, and premium foods and beverages. They note that these segments are growing at double the rate of other products as consumers seek healthier, more convenient, and better tasting products.

In this special MasterClass, led by noted food and beverage industry expert David Frost, and produced by the Capital Roundtable™ -- the country's only educational organization focused exclusively on the private equity community -- you'll learn from a faculty of 18 experts what successful investors are doing right, why their failures have gone wrong – and where the best opportunities are.

You'll get answers to such frequently asked questions as –

• What impact are hedge funds having?
• How can you increase deal flow?
• Is it possible for private equity firms to avoid auctions?
• Which deals have been successful and what can be learned from them?
• How do current values compare with past or projected values?
• How do you evaluate the current management and their strategy or recruit new management?
• Relatively speaking, is operating leverage as important as financial leverage in the food industry?
• What industry trends are not as important?
• Is it better to seek top line growth or grow the bottom line?
• Is it better to invest in growth-oriented new food-service brands moving into supermarkets, or in mature, under-managed corporate orphans?
• Are there any hidden gems?
• What metrics should you use in selling or buying businesses?
• Do buyout firms that specialize exclusively in the food industry out-perform those that have a more generalist strategy?
• How do insiders define the food and beverage industry? Are agribusiness and distribution and even biotech companies part of the mix?
• How does the profitability of manufacturers compare with retailers or restaurants?
• And much much more

Optional Workshop -- Fundamentals of Food & Beverage Investing

The day before the MasterClass, you can attend this special three-hour workshop in which several specialists, led by David Frost, will review key aspects of investing in the food & beverage industry, e.g., due diligence, structuring, recruiting, and distribution.

      Attend this pre-conference workshop and you'll learn --

• Best practices in negotiating food & beverage deals in 2006
• What is different about due diligence in food & beverage companies
• Financing and structuring deals
• Management teams -- recruiting and managing high performance, entrepreneurial teams

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Faculty

Chaired By

• David W. Frost, Managing Partner, Frost & Partners

Hosted By

• Burt Alimansky, Managing Director, Alimansky Capital Group Inc., and Chairman, The Capital Roundtable

Speakers Include

• J. Brad Barnhorn, CEO, Global NutriFoods Inc.
• Michael C. Bellas, Chairman & CEO, Beverage Marketing Corp. of New York
• James Bertram, Managing Director, Banc of America Securities LLC
• Maureen A. Brille, Vice President, A.T. Kearney Inc. (workshop)
• William Eichar, V.P. --Corporate Development, Kraft Foods Inc.
• Robin J. Engelson, President & CEO, Sapphire Financial Group LLC (workshop)
• David L. Epstein, Principal, J.H. Chapman Group Ltd.
• Michael Fordney, V.P. --Management & Structure, Harris Nesbitt Corp (workshop)
• Christopher B. Harned, Managing Director, Cypress Group LLC
• Charles H. McGill, Professor of Finance, Stern School at New York University
• Mary Ellen Hennessy-Jones, Mng. Dir. & Dir.--Research , Solera Capital LLC
• Jay D. Novak, Managing Director -- Head of Food and Beverage Group,

                Houlihan Lokey Howard & Zukin

• John Lilly, President, John Lilly Strategic Insights LLC / Former CEO, Pillsbury Co.
• Terence C. O'Brien, Former CEO, Brach's Confections Inc.
• James L. O'Hara, Managing Director, TSG Consumer Partners LP
• San Orr, Managing Director, Goldman Sachs Group Inc.
• Andre Radandt, President & CEO, Bolthouse Farms
• Craig H. Sakin, Managing Partner, Catterton Partners
• David W. Schoeder, Principal, Food Partners LLC
• Doris Zelinsky, Former COO, Country Home Bakers Inc.
• Ted Zittel, ExecuForce Associate, Encore Associates Inc.

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Schedule

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Registration

   Purchase Audio Package >>

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 January 16 at 5:00pm, and we will credit you for a future meeting.)

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 Katie Safrey at 212/832-7333 ext. 103 or by email at ksafrey@capitalroundtable.com.

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Location

University Club
One West 54 Street (corner of Fifth Avenue)
New York City
212/247-2100

Please note:  Dress code for the University Club is jacket and tie for men, and equivalent attire for women.

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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

The Capital Roundtable offers excellent sponsorship opportunities to reach the middle-market M&A community. For more details, visit our Sponsorship Page or contact Katie Safrey at 212/832-7333 ext. 103 or by email at ksafrey@capitalroundtable.com.

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