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Clear the date July 22 on your calendar! CLICK HERE now to register before it's too late! An All-NEW MasterClass™ PE Investing in Government Services & Defense Companies -- Activity Intensifies as Stimulus Funds Expand the Sectors, & New Opportunities Open Up in Cyber, Health, & Energy
Attendance Is Limited! CLICK HERE to Register Now
CO-CHAIRED BY David K. Panton, Partner & Co-Founder Navigation Capital Partners Inc. & Joyce C. Johnson-Miller, Senior Managing Director Relativity Capital LLC Featuring 20 Expert Speakers Including --
Click Here to Register >> Purchase Audio Package >>
FULL-DAY MASTERCLASS Thursday, July 22, 2010 8:00 am – 5:00 pm Designed to Meet the Needs of GPs, LPs, & Managers of Buyout, Growth Equity, Faculty | Schedule | Registration | Location | Sponsorship | Audio Package | The private sector may be improving slowly at best, but, wow, the government sector is booming!
With over $2 trillion dollars in federal opportunities -- and growing -- and over $50 billion in state opportunities, the marketplace has no shortage of attractive investments. For example, unlike most private sector industries, which were flat or negative in 2009, the government contracting industry alone grew by 12 percent last year.
This fact has not been lost on PE investors, who have capitalized on this fast-growing space. For example, DC Capital Partners recently agreed to sell portfolio company National Interest Security to I.B.M. -- generating a nine-fold return on its original investment. Veritas Capital’s exit of Integrated Defense Technologies also returned an above-market return.
While government and defense companies do trade at high multiples, it is not uncommon to buy smaller companies at 5-8x EBITDA, grow them, enhance management, make strategic acquisitions, and then sell at 10-14x to strategic acquirers.
So whether you are looking at government & defense deals, or managing an existing government services portfolio company, there are potential rewards ahead if you make wise decisions today.
You’ll learn the strategies to help you do just that at The Capital Roundtable’s full-day MasterClass™ on middle-market investing in government services and defense companies --
PE Investing in Government Services & Defense Companies -- Activity Intensifies as Stimulus Funds Expand the Sectors, & New Opportunities Open Up in Cyber, Health, & Energy
This all-new MasterClass on Thursday, July 22, in New York, will cover the key issues facing government services and defense companies as Washington continues to spend dollars and issue contracts.
But remember, there are catches -- ethics concerns, fiscal audits, and increased insourcing are making it harder for some -- and easier for others who can execute well.
So at this program, you’ll discover how to stand out from the competition among tighter regulations and tougher margins, and develop a government business strategy that’s smart and sound.
And if you’re concerned about entering this space for the first time, we’ll even discuss how you can effectively and strategically identify attractive opportunities.
Industry analysts are bullish on growth and merger activity for this sector in 2010-2011 due to its attractive business models. Long-term contracts, high growth rates, government backing, and recurring revenue are all benefits of investing in government services companies. While these investments are not entirely without risk, they are much safer than most private sector opportunities.
And the model is highly scalable -- a $50 million revenue business today can easily grow into $200 million or more within a a few short years by successfully bidding for larger, better contracts.
Behind the growth on the federal level is the current U.S. military reset -- the wars in Iraq and Afghanistan have taken a toll on defense forces and a lot of money is about to be spent to rebuild capabilities. Central to this is cyber security -- with the newly-created U.S. Cyber Command, there is a renewed focus on intelligence systems designed to counter hacking, computer threats, and financial fraud.
Two other hot spaces are healthcare, thanks to the current Washington reform effort, and energy, centered on the push for renewable and green technology. The initiatives being championed by the Obama administration all carry price tags to be funded by increased government expenditures. Even the current Finance Reform Bill presents attractive opportunities as financial firms adjust to a radically different regulatory environment.
And while governments are seldom known for delivering services for the lowest fees, The Capital Roundtable is proud to do so. When you sign up now for this all-new MasterClass, you will receive our special Early Bird Discount -- a generous savings of $400!
You Can Be Well-Prepared for Every Challenge.
This all-new MasterClass will bring you a 360º view of the government & defense marketplace, government procurement guidelines, and how to manage government contracts. With agencies moving from cost-plus to fixed price contracts, your ability to run a lean and efficient operation is paramount -- and we’ll explain how to handle the pricing side of the equation well. We are delighted to welcome as co-chairs, David Panton of Navigation Capital Partners and Joyce Johnson-Miller of Relativity Capital. David Panton is partner and co-founder of Navigation Capital Partners (NCP) in Atlanta. David has spent several years actively evaluating government services and defense company opportunities on behalf of Navigation Capital, a leading middle-market private equity firm. Prior to NCP, David was a vice president at Mellon Ventures where he focused on long-term growth capital investments and buyouts, and was managing director and co-founder of a private equity fund management firm targeting investments in the Caribbean and Latin America.
A graduate of Princeton, he received a doctorate in management studies from Oxford University where he was a Rhodes Scholar, and a JD from Harvard Law School where he was president of the Harvard Law Review. Additionally, David once served as a senator in the Upper House of Jamaica’s Parliament. Joyce Johnson-Miller is senior managing director of Relativity Capital, based in Arlington, Virginia. Relativity’s expertise includes investing in government services, defense, aerospace, automotive, and general manufacturing companies. Information for Your Eyes Only From 20 Industry Specialists.
Along with David and Joyce, our panel discussions will feature 20 leading PE experts in the government services and defense space, including GPs, portfolio company operating executives, investment bankers, lenders, consultants, and more.
You’ll be privy to winning strategies from prominent government services & defense investors, tips for navigating regulatory hurdles, and key trends that will affect deals going forward. In addition, you’ll hear the best practices on adding value to your portfolio company holdings.
Register now so you won’t miss out on the answers to topical questions like these --
A Great Way to Build Your Capabilities & Contacts.
With so much current interest in government services and defense companies, we expect the limited seating at this MasterClass to fill up quickly. By registering today, you will guarantee your space for our informative keynotes and four panel presentations.
What’s more, you’ll be able to take advantage of exceptional networking opportunities. We’ve built in plenty of time over the day when you can connect with fellow attendees and featured speakers, including session breaks and an open lunch.
You should attend this MasterClass if you are a --
Remember, register with our Early Bird Discount by June 18, 2010 and you’ll save $400 off our standard fee! Please make your reservation now so you’re not disappointed. We’ll be looking forward to greeting you.
For more information, please feel free to contact Dana DeMattia at 212-832-7333 ext. 102 or ddemattia@capitalroundtable.com. This MasterClass 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. The Capital Roundtable thanks the assurance, tax, and consulting firm of McGladrey and the law firm of DLA Piper for sponsoring this outstanding event. It’s due in great part to their collaboration and support that we have the resources to make this event so worthwhile for you. McGladrey meets the domestic and international needs of private equity groups with a full suite of specialized assurance, tax and consulting services and a deep industry subject matter expertise. Combined with their astute insights into the government contracting sector, McGladrey is the logical choice for private equity groups considering investment in the government contracting businesses. DLA Piper’s government affairs group is acclaimed for offering vast experience and insight in legislative and administrative advocacy. FacultyCo-Chaired By
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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, July 15, 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 sfeldman@capitalroundtable.com. LocationPrivate club in midtown Manhattan Audio PackageCan't attend but want to hear the program? You can buy the audio package along with the handouts. Purchase the audio package online now. SponsorshipThe Capital Roundtable offers excellent marketing and business development opportunities to reach the middle-market private-equity community . For more details, please contact Dana DeMattia at 212-832-7333 or by email at ddemattia@capitalroundtable.com. |
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