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Partial List of Past Attendees
AlpInvest Partners Inc.
Baker & Hostetler LLP
Black Canyon Capital
Carlyle Group LLC
Castle Harlan Inc.
Churchill Capital Inc.
CIT Corporate Finance
Court Square Capital
Credit Suisse Group
D. E. Shaw & Co.
Debevoise & Plimpton
Development Bank of Southern Africa
Ernst & Young LLP
Fenway Partners Inc.
First Atlantic Capital
GE Antares Capital
Global Sponsor Finance
Highstar Capital LP
Ironwood Capital Ltd.
Key Principal Partners
Kohlberg Capital Corp.
Lucas Group Inc.
Merrill Lynch Global Private Equity
Morgan Joseph & Co.
Morgan Stanley Private Equity
Silver Point Capital
VenGrowth Private Equity
Clear the date October 1 on your calendar!
CLICK HERE now to register before it's too late!
New Edition of Our
For 2010's PE Deals
How to Find the Capital You Need
Now That Mezz Firms Have the Upper Hand
Attendance Is Limited!
Justin B. Wender, President
Castle Harlan Inc.
Featuring 20 Expert Speakers Including --
Thursday, October 1, 2009
8:00 am – 5:00 pm
With senior debt leverage down by 50% to just two times EBITDA, mezzanine financing should be a bright spot in today’s capital crunch. So to no one’s surprise, mezz lenders have been aggressively seizing the moment -- but perhaps too aggressively.
Certainly, mezz lenders have not been shy about pricing, with tranches priced between 16 percent and 20 percent. And they are often demanding a no-call provision of two, three, even four years -- effectively keeping a PE firm from selling its investment. What’s more, warrants or co-investments are almost always required in the deal structure.
The question is, can mezz lenders go even higher -- or are today’s terms ample reward for their efforts? Because today’s 300 to 500 basis-point spread between equity and subordinated debt returns is opening the door for alternative sources.
Chiefly among the players waiting in the wings are second-lien lenders -- the former lending stars of 2001 and 2002. With their ability to undercut mezzanine pricing, they could be ready for a grand comeback.
In addition, alternative providers such as business development companies (BDCs) and hedge funds are also getting back into the action. Which makes mezzanine funding a more fluid situation than you might expect.
That’s why before you sit at the mezzanine bargaining table, sit yourself into one of the remaining seats at this all-new, full-day MasterClass™ on Mezzanine Financing for 2010’s PE Deals from The Capital Roundtable. This coming October 1 in New York, we’re presenting a remarkably timely overview of the lenders, terms, deals and strategies that can help you make the most of your upcoming capital needs.
Even better, you’ll have opportunities to connect with both mezzanine and alternative lenders who can help you get funding and get ahead as the credit market loosens. Our expert faculty also includes prominent PE managers, consultants and more who don’t just present and leave, but stick around to interact, take notes and exchange information.
And although mezzanine pricing has become costly, our MasterClass pricing remains an excellent value. By signing up now, you can take advantage of our Early Bird Registration Bonus and receive a generous $400 Discount!
Play Offense While Others Play Defense.
This daylong MasterClass will arm you with the knowledge to make headway with all shapes of transactions in the middle market. Twenty mezzanine financing experts will be on the dais and working the room to offer their insights, share their recent activities, and provide their unique perspectives on the marketplace.
We’re delighted to have Justin Wender, president of New York-based private equity firm Castle Harlan, serving as our chair. Justin has a broad background in corporate finance and helps lead the firm’s investment policies both domestically and abroad.
Again this year, we’re privileged to bring attendees a revealing perspective on mezzanine lending trends from Ron Kahn, managing director and head of private placements at Chicago-based investment banking firm Lincoln International. Ron is the widely-acknowledged thought leader in the mezzanine finance industry, and you won’t want to miss his insightful analysis.
Without question, attending this MasterClass will give you a welcome edge for completing new transactions, de-leveraging companies with excess senior debt, performing dividend recapitalizations, and much more. You’ll hear the latest word on issues that include --
Always a Popular MasterClass That Fills Up Fast.
Mezzanine financing is an old friend for The Capital Roundtable. Our past MasterClasses have consistently been held at capacity, and we expect this newest event -- with completely fresh content -- to be in high demand. We advise you to make your attendance plans now.
Keep in mind that between our keynote and panel presentations, we build in plenty of time for networking with your fellow attendees and our featured speakers -- including an informal lunch. So along with useful information, you’ll be leaving with valuable contacts galore.
You should attend this MasterClass if you are a:
Remember, register with our Early Bird Discount by August 21, 2009, and you’ll save $400 off our standard fee! So make your reservation now while space is still available. We’ll be looking forward to greeting you.
For more information, please feel free to contact Heather Sote at 212/832-7333 ext. 111 or firstname.lastname@example.org.
This program 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 25 annual MasterClasses and other events and programs, please visit www.capitalroundtable.com.
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, September 24, at 5:00pm, and we will credit you for a future MasterClass.)
Have a special question? Please contact Samantha Feldman at 212/832-7333 ext.112 or by email at email@example.com.
1 West 54th Street
New York, NY 10019
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.
The Capital Roundtable offers excellent marketing and business development opportunities to reach the middle-market private-equity community . For more details, please contact Kim Racciato at 212/832-7333 ext. 106 or by email at firstname.lastname@example.org.
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