MasterClass^TM

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First Annual MasterClass™ on
TECHNOLOGY BUYOUTS--
Getting in on the Boom

Hear About the Risks & the Rewards

Featuring 18 Expert Speakers

Attendance for This Program Is Limited –
Register Now

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

FULL DAY MASTERCLASS
Tuesday, May 23
8:00 am – 5:00 pm
New York City

PRE-CONFERENCE WORKSHOP (OPTIONAL)

Earn CLE Credits

Designed to Meet the Needs of Managers of Buyout, Venture, & 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  CLE

Conventional wisdom used to hold that technology companies make bad buyout targets. Typical were comments like -- “technology disruption occurs regularly,” “obsolescence is unpredictable,” and “product life-cycles are short.”

But all that is changing fast. Technology buyouts are fast-becoming very very hot. The trend started at the high-end of the market (megafunds like Silverlake, Golden Gate, Elevation Partners joining mainstays like Welsh Carson). Then came the middle-market (Garnett & Helfrich and Vector joining TA Associates, General Atlantic, Platinum Equity). And in the past several months, there’s even come a wave of smaller funds tackling lower middle-market tech deals.

As a result, investment dollars and deal volume have soared. Last year private-equity firms spent $50 billion to acquire IT and telecommunications companies, up from $24 billion in 2004. Deal volume ballooned 66%. A survey by tech analysts at The 451 Group shows that 77% of technology investment bankers predict tech buyout activity to increase again this year, some say as much as 25%.

So what changed? The target industries and companies themselves? The availability of good targets being spunout of large corporations? The strategies of the buyout firms? The funding climate? The options for successful exits?

To find answers to these questions and more, please mark your calendar to come to a special Capital Roundtable MasterClass, led by David Fann of the tech buyout firm Inflection Equity Partners, in collaboration with The 451 Group, and featuring a faculty of 18 experts including tech buyout practitioners, their advisors, and their investors.

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

• What are the five most promising sectors for buyouts in 2006?
• Where are the mine-fields, and how do you avoid them?
• What are the valuation trends for technology buyouts?
• How is the concept of “leverage” applied to technology buyouts?
• What impact if any will we see from hedge funds? VCs?
• Which kinds of sectors and business models have acquirers targeted so far and why?
• What criteria are used in identifying buyout candidates?
• How often are strategic buyers competing on deals? What is the impact on price?
• Is sector specialization necessary in order to do successful technology buyouts?
• What are private equity firms doing to develop technology specialization?
• What kinds of alliances are emerging between VCs and buyout firms? Do they work?
• What are the key valuation metrics?
• Where do you look for management for technology companies?
• What kinds of deal structures are most common?
• What underlying trends are driving buyout opportunities in telecom, Internet, enterprise software, mobile, financial technology?
• And much much more …

This session is produced by The Capital Roundtable, the country's only educational organization focused exclusively on the private-equity community.

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Faculty

Chaired By

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

Hosted By

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

Speakers

• Kevin K. Albert , Managing Director, Elevation Partners
• Norm Allen, Chief Operating Officer, UltraCell Corp.
• John A. (Tony) Downer, Director of Private Equity, Oak Investment Partners
• Elliot A. Fishman, President, Astrina Capital LLC
• David Frazee, Shareholder, Greenberg Traurig LLP(Workshop & MasterClass)
• Neil M. Garfinkel, Partner, Francisco Partners
• Todd Gordon, Vice President, IBM Global Services
• Jeff Horing, Managing Director, Insight Venture Partners LLC
• Robert M. Isackson, Partner, Orrick Herrington & Sutcliffe LLP (Workshop)
• Michael J. Lasinski, Managing Director, Ocean Tomo LLC (Workshop & MasterClass)

• James A. Marasco, Executive Vice President, Wells Fargo Foothill Inc.

• Martin V. McCarthy, Chief Executive Officer, 451 Group
• Amish Mehta, Partner, Vector Capital
• Stephen J. O'Leary, Senior Managing Director, Jefferies Broadview
• Kirit Patel, Partner, Tamalpais Ventures LLC
• Lawrence E. Phillips, Managing Director, Mooreland Partners LLC
• Peter Rokkos, Vice President & Counsel, Lucent Venture Partners
• Alexander R. Slusky, Managing Partner, Vector Capital
• Marc Stoll, Senior Vice President, CA Inc.
• Gregory Williams, Dir.--Technolgy Finance, CapitalSource Finance LLC

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Schedule

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Registration

• The registration fee is $1395 for the MasterClass and $495 for the Workshop -- or $1795 for both.
  

• At the door, if space is available, the fee is $1495 for the MasterClass and $495 for the Workshop -- or $1895 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 May 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
New York City
212/247-2100

Please Note: Dress Code for the University Club is jacket & tie for men, and equivalent attire for woman.

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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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CLE

CLE/CPE credits are available for this program.

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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