Last Year's
Attendees Included:

AlpInvest Partners NV

Anvil Capital LLC

Arena Capital Partners LLC

Babson Capital Management LLC

Benedetto Gartland & Co. Inc.

Brown Brothers Harriman & Co.

Calvert Street Capital Partners Inc.

Carlyle Group

Chpple Blondet y Asociados SRL

China Western Trading Corp.

CID Equity Partners Inc.

DeSilva & Phillips LLC

Gilbert Global Equity Capital LLC

GreenLight Capital Inc.

Harding Group Inc.

Harris Williams & Co.

HSBC Capital (USA) Inc.

ICV Capital Partners LLC
Intel Corp.

Kachi Partners LP

KPMG LLP

Marubeni America Corp.

McGuireWoods LLP

Morgan Lewis & Bockius LLP

National City Bank

Opportunity Capital Partners IV LP

Pillsbury Winthrop LLP

PricewaterhouseCoopers LLP

Siguler Guff & Co. LLC

Sun Capital Partners Inc.

Susquehanna International Group LLP

Svoboda Collins LLC

Wilmer Cutler Pickering Hale and Dorr LLP

Partner

Sponsor

Key Media Partner

Media Partners

Second Annual MasterClass on
MASTERING SMALLER
MIDDLE-MARKET BUYOUTS--
Best Practices for Private Equity
& Mezzanine Funds

Featuring 18 Leading Experts

Click Here to Register >>     Forward to a Colleague >>

FULL DAY MASTERCLASS
Thursday, March 2, 2006
8 am - 5 pm
The New York Helmsley Hotel
212 East 42 Street (at Third Ave.)
New York City

PRE-CONFERENCE WORKSHOP (OPTIONAL)
Due Diligence – The Special Challenges of Smaller Deals—
& What You Need to Know
Wednesday, March 1, 2006
2 pm - 5 pm

The New York Helmsley Hotel
New York City

Earn CLE Credits

Designed to Meet the Needs of Middle-Market Investors,
Lenders, & Investment Bankers as well as Lawyers,
Accountants, & Advisors Who Support Them

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

Smaller middle-market LBOs have gotten red hot. As a result, competition has intensified, and multiples are on the rise.  The median for deals valued under $100 million is now over 9.1 times EBITDA, says one recent study.

So managers of buyout funds are beginning to wonder -- is the smaller end of the middle-market still a good place to find attractively priced deals?  And given the higher prices being paid, how can firms generate attractive returns for their limited partners? 

At this special MasterClass, you'll learn from a faculty of 16 experts who work in the trenches how they are responding to the higher competition, what they are doing right when they're successful, what they did wrong when they screwed up, how they see the market evolving over the next year or two, and what the less visible trends are.

The program is being led by noted buyout specialist Bob Fitzsimmons, managing partner of The Riverside Company, one of the country's largest firms focused exclusively on smaller deals ($1.3 billion of capital under management), and produced by The Capital Roundtable™, the country's only educational organization focused exclusively on the private-equity community.

When You Leave This MasterClass, You'll Have The Often Surprising Answers To These Questions:

• Specifically, how has the market for smaller middle-market buyouts changed over the past year?
• What are return expectations in 2006 for smaller middle-market deals?  Is it different from the expectations for larger deals?  Should it be?
• At what revenue or EBITDA levels do multiples start to increase?
• Are smaller deals harder to finance?  Has financing for smaller deals become easier or harder over the past year?  Who are the leading providers of debt financing for smaller middle-market buyouts?
• How do you know when it’s time to exit a deal?  What’s the best way to exit a smaller sized company?  How much do you need to grow it in order to achieve an increase in the multiple? 
• How do you compete if you are a "fundless sponsor?"   What do you need to do to raise a committed fund?
• What characteristics are required for a company to serve as a platform for other acquisitions? Is it okay to buy a company without those characteristics and build it to a point where it can be a platform? 
• Where can you find deal flow in this tough environment? How do you find quality deals? Is the competition for deals less intense than for larger deals? Is that changing?
• What are the best practices in deal sourcing?  Can you avoid auctions and still find good deals?
• What are the red flags that tell you that you should walk away from a deal?
• Is it easier or harder to do a small deal versus a big one?  What are the differences?  What is the best way to tackle the unique challenges of a smaller deal? 
• How do you create value in smaller companies? Is it easier or harder than in a larger company?
• Are there best practices for managing smaller companies' less sophisticated managers, systems and accounting practices?
• And much much more ...

^ Back to Top ^

Faculty

Chaired By

• Robert J. Fitzsimmons, Managing Partner, The Riverside Company

Hosted By

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

Speakers Include

• Deepak Agrawal, Managing Director, Gotham Consulting Partners LLC (workshop)

• Jerome F. Anderson, Chief Executive Officer, Stoffel Seals Corp.

• John H. Bisack III, President & Managing Director, Performance Improvement Partners LLC (workshop)
• Gary P. Blitz, Senior Vice President, AON Risk Services Inc. (workshop)
• Richard P. Buckanavage, Chief Executive Officer, Patriot Capital Funding Inc.
• Richard Carman, Mgr.--Environmental Services, Clayton Group Services Inc. (workshop)

• David I. Fann, General Partner, Inflection Equity Partners LP

• Lawrence E. Golub, President, Golub Capital

• David G. Gordon, Partner, The Riverside Company

• Michael P. Hermsen, Managing Director, Babson Capital Management LLC
• Craig J. Hoffman, Managing Director, UCC Capital Corp. (workshop)
• Walter S. Holzer, Partner, Jones Day (workshop)
• Thomas W. Janes, Managing Director, Lincolnshire Management Inc. (workshop & MasterClass)
• Brett R. Keith, Principal, RockWood Equity Partners LLC
• Robert E. Kiss, Vice President, J.P. Morgan Investment Management Inc.
• David S. Lobel, Managing Partner, Sentinel Capital Partners LLC

• Martin C. Madden, Managing Director, Bariston Partners LLC

• Justin Metcalf, Partner, Barton Creek Capital LLC
• Lloyd M. Metz, Principal, ICV Capital Partners LLC
• Jane Morris, Managing Director, Veritage Group LLC
• Rafi Musher, Chief Executive Officer, Stax Inc. (workshop)

• Dan Scouler, Principal, Scouler Andrews LLC

• George “Chip” Stelljes III, President & CIO, Gladstone Management
• Christopher Toto, Valuation Research Corp. (workshop)
• Shelley M. Zoler, Dir. --Private Equity, TIAA/CREF

^ Back to Top ^

Schedule

^ Back to Top ^

Registration

• The registration fee is $1295 for the MasterClass and $495 for the Workshop -- or $1595 for both.

• At the door, if space is available, the fee is $1395 for the MasterClass and $495 for the Workshop -- or $1695 for both.

Click Here to Register >>     Purchase Audio Package >>

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, February 22 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.

^ Back to Top ^

Location

The New York Helmsley Hotel
212 East 42 Street (at Third Ave.)
New York City
Phone: 212/490-8900

^ Back to Top ^

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.

^ Back to Top ^

CLE Credits

New York and all 50min/credit states will receive 7.50 credits for the MasterClass (professional practice) and 3.5 for the workshop. 

CA and all 60 min/credit states will receive 6.5 credits for the MasterClass and 3.0 for the workshop.

^ Back to Top ^

Sponsorship

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

^ Back to Top ^

Change Your Mailing Preferences
To change your name or email address, or to select the mailings you wish to receive from us, go to our mailing preferences page.

Unsubscribe
To unsubscribe from our mailings, go to our unsubscribe page. You may also unsubscribe by replying to this email and putting unsubscribe in the subject line or by writing to us at: Capital Roundtable, 12 East 44th Street, Penthouse, New York, NY 10017.
You are subscribed as [EMAIL]

©2005 New York Business Roundtable Inc. All Rights Reserved..