MasterClass^TM

Partial List of Past Attendees

AEA Investors

AlpInvest Partners Inc.

American Capital

Antelum Capital

Ares Management

Baker & Hostetler LLP

Benesch Friedlander

Black Canyon Capital

Broadway Partners

CapitalSource Inc.

Carlyle Group LLC

Castle Harlan Inc.

Charlesbank Capital

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

Guggenheim Partners

Highstar Capital LP

Houlihan Lokey

Ironwood Capital Ltd.

Key Principal Partners

Kohlberg Capital Corp.

KPMG LLP

Lincoln International

Lucas Group Inc.

MidOcean Partners

Merrill Lynch Global Private Equity

Morgan Joseph & Co.

Morgan Stanley Private Equity

Silver Point Capital

VenGrowth Private Equity

Media Partners

Research Partners

Clear the date October 1 on your calendar!

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

New Edition of Our

Annual MasterClass™

How to Find the Capital You Need

Now That Mezz Firms Have the Upper Hand

Attendance Is Limited!
CLICK HERE to Register Now

CHAIRED BY

Justin B. Wender, President

Castle Harlan Inc.

       Featuring 20 Expert Speakers Including --

• Gary B. Appel, Castle Harlan Inc.
• Damon H. Ball, AEA Investors LLC
• Homyar M. Choksi, LBC Credit Partners Inc
• Barry A. Curtis, Deloitte & Touche LLP
• Michael Grier Eliasek, Prospect Capital Corp.
• Robert Goldstein, Schulte Roth & Zabel LLP
• Leo A. Helmers, Carlyle Group LLC
• John A. Hogan Jr., Norwest Mezzanine Partners
• Ronald A. Kahn, Lincoln International LLC
• Wendy T. Landon, GB Merchant Partners LLC
• William J. Lovejoy, Trilantic Capital Partners
• Anthony L. Martino, Sagent Advisors Inc.
• Timothy P. Mayhew, Fenway Partners Inc.
• Michael J. Revord, Aldine Capital Partners Inc.
• Sage Nakamura, GE Capital Markets Inc.
• Arthur H. Penn, Pennantpark Investment Corp.
• Charles L. Schroeder, Northstar Capital LLC
• Leonard M. Tannenbaum, Fifth Street Capital LLC
• Christine Tiseo, Lincoln International LLC
• William G. Winterer, Parthenon Capital LLC

Click Here to Register >>   Purchase Audio Package >>

 Visit Audio Library >>    Add to Outlook Calendar >>

FULL-DAY MASTERCLASS

Thursday, October 1, 2009

8:00 am – 5:00 pm
New York City 

Designed to Meet the Needs of GPs, LPs, & Managers of Buyout, Growth Equity,
& Mezzanine Funds, As Well as Officers & Directors of Their Portfolio Companies, Independent Sponsors, and Investment Bankers, Lenders, Industry Executives, Lawyers, & Other Advisors Who Work with Them

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

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 --

• Can you do a deal today with just mezzanine financing and equity?
• How much flexibility are mezzanine lenders showing on terms, equity levels, or pre‑payment penalties?
• Which alternative lenders may be challenging mezzanine providers?
• Will second-lien lenders again become PE firms’ new best friend?
• Why would a PE firm consider providing the mezzanine tranche itself?
• What competition are you facing for mezzanine deals?
• How can you make your deal most attractive to mezzanine lenders?
• What pricing can you expect today? In 2010? Beyond?
• Why are warrants increasingly required with mezzanine pricing?
• What are the best ways to structure deals to your benefit?
• What rates are being demanded by mezzanine lenders?
• How can you avoid the pitfalls in making a mezzanine deal?
• And much, much more.

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:

• General partner searching for capital for new or existing deals.
• Limited partner wanting a better understanding how today’s funding environment affects your position.
• Established mezzanine lender wanting to compare pricing and strategies.
• New mezzanine lender that wants to participate in more deals.
• Second-lien or other alternative lender with capital to provide.
• Junior debt agent seeking to improve competitive knowledge.
• Attorney or advisor representing GPs or LPs who wants to be more familiar with the mezzanine marketplace.
• Investment banker who want to increase your use of mezzanine capital.
• Portfolio company executive now using or considering mezzanine financing.
• Executive search professional recruiting for the private equity industry.

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 hsote@capitalroundtable.com.

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.

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Faculty

Chaired By

• Justin B. Wender, President, Castle Harlan Inc.

Hosted By

• Burt Alimansky, Managing Partner, Alimansky & Bethell Group, and Chairman, The Capital Roundtable

Speakers

• Gary B. Appel, Vice Chairman, Castle Harlan Inc.
• Damon H. Ball, Managing Director, AEA Investors LLC
• Homyar M. Choksi, Managing Director, LBC Credit Partners Inc.
• Barry A. Curtis, Senior Partner, Deloitte & Touche LLP
• Michael Grier Eliasek, President & COO, Prospect Capital Corp.
• Robert Goldstein, Partner, Schulte Roth & Zabel LLP
• Leo A. Helmers, Managing Director, Carlyle Group LLC
• John A. Hogan Jr., Partner, Norwest Mezzanine Partners
• Ronald A. Kahn, Managing Director, Lincoln International LLC
• Wendy T. Landon, Managing Director, GB Merchant Partners LLC
• William J. Lovejoy, Partner, Trilantic Capital Partners
• Anthony L. Martino, Co-Head--Alt. Capital Markets, Sagent Advisors Inc.
• Timothy P. Mayhew, Managing Director, Fenway Partners Inc.
• Sage Nakamura, Managing Director, GE Capital Markets Inc.
• Arthur H. Penn, Partner, Pennantpark Investment Corp.
• Michael J. Revord, Managing Partner, Aldine Capital Partners Inc.

• Charles L. Schroeder, Managing Partner, Northstar Capital LLC

• Leonard M. Tannenbaum, President & CEO, Fifth Street Capital LLC
• Christine Tiseo, Vice President, Lincoln International LLC
• William G. Winterer, Managing Partner, Parthenon Capital LLC

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Schedule

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Registration

• Early Bird Registration Fee -- and save $400 off the standard fee! Register by Friday, August 21, and the fee for the MasterClass is $995.

• Premiere Registration Fee -- and save $200 off the standard fee! Register by Friday, September 11, and the fee for the MasterClass is $1195.

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

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

• Special group rates -- The Capital Roundtable offers a special 25% discount for 2 or more people.  For more info, please contact Samantha Feldman sfeldman@capitalroundtable.com or 212/832-7333 ext 112.

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, September 24, 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 Samantha Feldman at 212/832-7333 ext.112 or by email at sfeldman@capitalroundtable.com.

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Location

University Club

1 West 54th Street

New York, NY 10019

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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 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 kracciato@capitalroundtable.com.

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