Equity/M&A Brand. Experience Knowledge Relationships Insight. Building a New Private Equity/M&A Practice Brand
|
|
- Aubrey Wood
- 6 years ago
- Views:
Transcription
1 Building A Private Equity/M&A Brand Carroll D. Hurst, CPA Partner Keiter CPAs churst@keitercpa.com Building a New Private Equity/M&A Practice Brand Steps: I. Evaluate market size/competition II. Determine service offerings III. Identify strategic referral sources IV. Develop your brand 1
2 I. Evaluate Market Size and Competition 1. Determine whether the M&A market is large enough to support an M&A service practice 2. Identify potential competitors, their service offerings and differentiators II. Determine Service Offerings M&A Advisory Services 1. Valuation 2. Purchase price allocation 3. Structuring and tax advisory 4. Deal structuring for sale of control or minority interest to private equity or sale to strategic buyer 5. Working capital target calculations 6. Transition service agreement negotiation 7. Investment banking services 2
3 II. Determine Service Offerings, M&A Advisory services: Deal structuring for sale of control vs. minority interest to private equity firm a. Common or preferred equity b. Put provisions and their durations c. Governance provisions d. Use of all equity or equity and debt leverage to finance the transaction e. Board composition f. Size and terms of stock based compensation for management g. Acquisition strategy and funding strategy (use of debt vs. equity) II. Determine Service Offerings, Equity or Debt Financing Advisory Services 1. Valuation a. Historical earnings or discounted future cash flows 2. Projections assistance and review 3. Structuring and tax advisory 4. Composition of debt and equity advisory services, including negotiation of: a. Senior debt b. Subordinated debt /sub debt lender equity c. Private equity or venture capital contributions 5. Investment banking services 3
4 II. Determine Service Offerings, Transaction Advisory Services 1. Buy side or sell side a) Independence issues 2. Quality of earnings analysis Post Transaction Valuation Services 1. Valuation of specific intangibles Business Succession Planning Services 1. Estate and gift planning III. Identify Strategic Referral Sources 1. M&A Attorneys 2. Commercial bankers 3. Investment Bankers 4. Sub-debt Lenders 5. Private equity/venture capital funds 4
5 IV. Developing Your Brand 1 - Know all the relevant deal terms of the transactions with your legacy client base over the past three to four years: A. Valuation metrics database by industry and by strategic or financial buyer B. Law firm, commercial bank, PE or VC Firm, subordinated debt lender 1 - Know all the relevant deal terms of the transactions with your legacy client base over the past three to four years, continued: C. Deal terms database by industry and deal size a. Stock or asset (or 338 h(10)) b. Escrows and holdbacks c. Indemnification caps and baskets d. All cash; Cash plus earn-outs; cash plus earn-out and bonus e. Working capital targets calculation methodology f. Ancillary documents including employment contracts, non-compete, license, and transition services agreements 5
6 2 - Develop a M&A Advisory Practice Group A. All group members should be familiar with legacy client base transactions 1. Valuation multiples 2. Debt multiples 3. Other transaction terms by quarter and year, by industry, as noted in previous slide 2 - Develop a M&A Advisory Practice Group, B. Other sources of deal terms: a) American Bar Association Private Target Mergers and Acquisitions Deal Points Study b) SRS M&A Deal Terms Study C. Subscribe to relevant databases of deal transactionsti a) Lower middle market GF Data Resources b) Middle to upper middle market Pitchbook Data c) Used by larger investment banking firms Capital IQ d) Other databases Axial Markets 6
7 2 - Develop a M&A Advisory Practice Group, D. Network regularly and actively with the individuals who are most active in M&A 1. M&A Attorneys 2. Commercial bankers 3. Investment bankers 4. Sub debt lenders 5. Private equity and venture capital fund managers 2 - Develop a M&A Advisory Practice Group, E. Take an active role in M&A focused organizations (including officer and committee roles and speaking opportunities) 1. Association for Corporate Growth local and regional chapters 2. Alliance of Mergers & Acquisition Advisors 3. Exit Planning Institute 7
8 2 - Develop a M&A Advisory Practice Group, F. Make every opportunity to refer out private equity, senior and sub debt funding opportunities. 1. Quality of earnings and transaction advisory services on both your legacy clients and other situations in which the PE or sub debt firm won the pitch 2. Tax advisory and structuring 3. Purchase price allocation and valuation of specific intangibles ibl 4. Audit and tax services continuation for legacy clients and for new companies funded by the PE or sub debt firm 5. Audit and tax services for the PE or sub debt fund at the fund level 2014 Representative Engagements Our 2014 M&A engagements to date: 1. Investment banking services related to a minority recapitalization by a P.E. firm a) Identified P.E. firm, negotiated the transaction terms, performed valuation services b) Legacy services increased from review to audit, including two years of audits 2. M&A advisory services related to a management buy-out a) Identified senior and sub debt lenders, negotiated debt terms, performed valuation services 8
9 2014 Representative Engagements 3. M&A advisory services and growth capital negotiations as our client explores their strategic alternatives of selling to an industry consolidator or pursuing a growth strategy. 4. Senior debt financing negotiations for a growth company combined with negotiations of convertible debt issuance Representative Engagements 5. Referral of a non-client, out of market, acquisition target to a P.E. buyer a) P.E. firm won the bid and engaged us to provide tax structuring services and provide purchase price allocation recommendations b) We expect to be awarded the audit and tax work 6. M&A advisory services, senior, sub debt and equity capital negotiations related to a management buy-out and redemption of all of the stock of the company. 9
10 2014 Representative Engagements 7. Provision of valuation services, and consulting services related to the issuance of convertible debt and equity capital to fund the growth capital needs of our client. 8. Reorganization advisory services, primarily related to tax structuring for a large growth capital investment by a foreign investor in our client 9. Majority recapitalization advisory services in connection with a change of control transaction a) Tax structuring and purchase price allocation advisory di services 10. Acquisition Advisory and valuation services for the strategic purchase by our client of a company, enabling our client to vertically integrate in its industry 10
BUSINESS SUCCESSION PLANNING Don t throw your business under the bus, if you get hit by one
BUSINESS SUCCESSION PLANNING Don t throw your business under the bus, if you get hit by one Presented by: Mike Gracik, CPA Managing Partner, Keiter Business Succession & Exit Planning Overview What is
More informationCPA as M&A Advisor for the Middle Market
CPA as M&A Advisor for the Middle Market Chris Blees BiggsKofford 630 Southpointe Ct., Suite 200 Colorado Springs, CO 80906 719-579-9090 blees@biggskofford.com Today s Webinar I. New Regulatory Environment
More informationIncreasing Shareholder Value Through Transaction Preparation
Increasing Shareholder Value Through Transaction Preparation PRESENTED BY: CHRIS DALTON, NATIONAL TRANSACTION SERVICES LEADER & KEN HIRSCH, MANAGING DIRECTOR, BKD CORPORATE FINANCE TO RECEIVE CPE CREDIT
More informationCAPSTONE S HISTORICAL VALUATION INDEX APRIL 2017
CAPSTONE S HISTORICAL VALUATION INDEX APRIL 2017 EV (Enterprise Value in millions of USD) LTM MULTIPLES EV/EBITDA % CHANGE* READ MORE $10 - $100 8.8x 0.7% $100 - $250 9.8x 0.8% Page 3 $250 - $500 9.8x
More informationMergers & Acquisitions Update: The Middle Market Year End Preview
Mergers & Acquisitions Update: The Middle Market Year End Preview The Mufson Howe Hunter Middle Market M&A Update is designed to provide business owners, managers, private equity investors and M&A professionals
More informationFINANCING OPTIONS FOR MANAGEMENT, FAMILY, EMPLOYEE OR THIRD PARTY BUYOUTS. Chuck Owston, CEPA, CM&AA
FINANCING OPTIONS FOR MANAGEMENT, FAMILY, EMPLOYEE OR THIRD PARTY BUYOUTS Chuck Owston, CEPA, CM&AA The Presenter Chuck Owston 37 years commercial banking and corporate finance experience Raised capital
More informationSenior Syndicated Leveraged Loans
Senior Syndicated Leveraged Loans Negotiating Issues & Trends This course can be presented in-house for you on a date of your choosing The Banking and Corporate Finance Training Specialist Course Overview
More informationHISTORICAL VALUETREND INDEX SEPTEMBER 2017
HISTORICAL VALUETREND INDEX SEPTEMBER 2017 ENTERPRISE VALUE (MM) LTM MULTIPLES* MONTHLY CHANGE YOY CHANGE READ MORE $10 - $100 8.9x -3.3% 3.6% $100 - $250 9.8x -0.1% 5.7% Page 2 $250 - $500 11.1x 3.4%
More informationRep & Warranty Insurance: Product Specifics and How It s Used
Rep & Warranty Insurance: Product Specifics and How It s Used Ashley Behan, AIG Bruce Engler, Faegre Baker Daniels Craig Schioppo, Marsh USA Inc. Moderator: Michael Abbott, Faegre Baker Daniels 1 Agenda
More informationPower Quarterly Deals Analysis: M&A and Investment Trends - Q4 2017
Power Quarterly Deals Analysis: M&A and Investment Trends - Q4 2017 #1654058 $1500 75 pages In Stock Report Description Power Quarterly Deals Analysis: M&A and Investment Trends - Q4 2017 Summary GlobalDatas
More informationState of the Middle Market M&A Private Equity Financing
State of the Middle Market M&A Private Equity Financing Webcast: May 10, 2011 DEBT ADVISORY GROUP The Capital Markets Desk for the Middle Market State of the Middle Market Agenda Agenda Update on Market
More informationWEALTH DIVERSIFICATION, OWNERSHIP TRANSITION
WEALTH DIVERSIFICATION, OWNERSHIP TRANSITION AND LIQUIDITY OPTIONS FOR ENTREPRENEURS A Private Equity Perspective TBD FLORIDA CAPITAL ADVISORS Our Firm Advise on growth strategies, maximizing enterprise
More informationPresenting a live 90-minute webinar with interactive Q&A. Today s faculty features:
Presenting a live 90-minute webinar with interactive Q&A M&A Escrow Agreements: Negotiation & Drafting Strategies Structuring Contract Terms, Dealing With Escrow Agents, Avoiding Conflicts With Acquisition
More informationExpert Analysis Representations and Warranties Insurance: An Innovative Solution
Westlaw Journal Delaware corporate Litigation News and Analysis Legislation Regulation Expert Commentary VOLUME 28, issue 10 / november 25, 2013 Expert Analysis Representations and Warranties Insurance:
More informationRepresentations and Warranties Insurance for the Private Equity Industry
Lexis Practice Advisor offers beginning-to-end practical guidance to support attorneys work in specific legal practice areas. Grounded in the realworld experience of expert practitioner-authors, our guidance
More informationSELLING A BUSINESS UNDERSTANDING THE PROCESS AND AVOIDING COMMON MISTAKES
SELLING A BUSINESS UNDERSTANDING THE PROCESS AND AVOIDING COMMON MISTAKES William C. Staley Attorney LAW OFFICE OF WILLIAM C. STALEY www.staleylaw.com 818 936-3490 Scott Berejikian Principal CENTERPOINT
More informationPerspectives. Private Equity TEV / EBITDA* Multiples by Transaction Size. 6.3x. 4.0x $10M - $25M $25M - $50M $50M - $100M $100M - $250M
M A Y 2 0 1 7 Perspectives SPOTLIGHT ON PRIV ATE EQUITY V I E W S O N I N D U S T R Y T R E N D S A N D N E W S Private Equity in the Mid-Market Only when the tide goes out do you discover who s been swimming
More informationM&A AND CORPORATE FINANCE OVERVIEW
Bringing Efficiency to an Inefficient Market 216 Merger & Acquisition Corporate Finance Advisory Strategic Consulting 4 Southpointe Boulevard, Plaza I, Suite 44 Canonsburg, PA 15317 Tel. 724-743-58 Fax
More informationM&A AND CAPITAL MARKETS OUTLOOK SUMMER 2014
M&A AND CAPITAL MARKETS OUTLOOK SUMMER 2014 Inside this Issue: M&A Market Overview M&A Market Activity Middle Market Deal Valuations Private Equity vs Strategic Valuations Middle Market Leveraged Buy Out
More informationBUSINESS DEVELOPMENT COMPANIES
BUSINESS DEVELOPMENT COMPANIES Financing Growth through Permanent Capital Vehicles A business development company ( BDC ) is a closedend investment company specifically designed to provide capital to,
More informationM&A Deal Report. May Partner and Head of Corporate Sparke Helmore Lawyers tel
M&A Deal Report May 2015 Contact: Nick Humphrey Partner and Head of Corporate Sparke Helmore Lawyers tel + 61 2 9260 2747 nick.humphrey@sparke.com.au 1 Global activity in 2014 Australian activity in 2014
More informationTEAM APPROACH WHAT IF YOUR CLIENTS WERE ABLE TO: WHAT IS AN ESOP? 4/8/2016. Employee Stock Ownership Plan BUSINESS TRANSITION ADVISORS.
Employee Stock Ownership Plans ESOPs 101 2 0 1 5 B T A I N C. Presented by: Daniel M. Zugell Senior Vice President TURN-KEY SERVICES Full Service ESOP Implementation Services Preliminary Analysis Feasibility
More informationJunior Debt Market Analysis
Junior Debt Market Analysis Q2 2011 Q2 2013 KeyBanc Capital Market s Private Capital Group The Private Capital Group at KeyBanc Capital Markets ( KBCM ) is a dedicated private capital effort responsible
More informationAccessing capital to start or grow your business.
ATB Entrepreneur's Edge Transaction Advisory Solutions Issue: February 2018 Accessing capital to start or grow your business. You ve safely navigated your company through the oil price meltdown. You re
More informationM&A and Private Equity Update
M&A and Private Equity Update For Further Information Contact: Martin G. Burkett Ph: 305.982.5578 Email: martin.burkett@akerman.com Carl D. Roston Ph: 305.982.5628 Email: carl.roston@akerman.com Shannon
More informationM&A ACADEMY: THIRD PARTY REPRESENTATIONS AND WARRANTIES INSURANCE IN STRATEGIC AND PE DEALS
M&A ACADEMY: THIRD PARTY REPRESENTATIONS AND WARRANTIES INSURANCE IN STRATEGIC AND PE DEALS Kevin Shmelzer Colby Smith December 12, 2017 2017 Morgan, Lewis & Bockius LLP Introduction Representations and
More informationFactors in Physician Practice Valuation. May 2017
Factors in Physician Practice Valuation May 2017 Factors in Physician Practice Valuation Physician practice owners considering a sale may not have experience assessing the value of their practices in terms
More informationAn Overview CYPRESS ASSOCIATES LLC 52 VANDERBILT AVENUE NEW YORK, NY Tel: Fax:
An Overview CYPRESS ASSOCIATES LLC 52 VANDERBILT AVENUE NEW YORK, NY 10017 Tel: 212.682.2222 Fax: 212.682.2221 contact@cyprs.com www.cyprs.com Member FINRA/SIPC Table of Contents Introduction 3 I. Mergers
More informationPart 3: Private Equity Strategies
Private Equity Education Series Part 3: Private Equity Strategies Reports in this series Report Highlights Page Part 1: What is Private Equity (PE)? Part 2: Investing in Private Equity Part 3: Private
More informationSuccessful fundraiser s philosophy: How micro venture funds get off the ground
Successful fundraiser s philosophy: How micro venture funds get off the ground C I N DY PA D N O S, I L LU M I N AT E VENTURES H U N T E R S O M E R V I L L E, GREENSPRING ASSOCIAT E S L E E JACOBS, ANGELLIST
More informationMergers and Acquisitions in the Brewing Industry
715 Rollerton Road, Ste. 107 Charlotte, NC 28205 (704) 560-7119 Michael J. Denny Managing Partner Tel: (704) 560-7119 Email: michaeldenny@greenskylaw.com Bio: /attorneys Blog: www.beerlawmashing.com Twitter:
More informationTax Reform Impacts on State and Local Government Agencies A Comprehensive Discussion
Tax Reform Impacts on State and Local Government Agencies A Comprehensive Discussion January 11, 2018 2018 Crowe 2016 Crowe Horwath Horwath LLP LLP Presenters Robert Lazard, CPA Public Sector Services
More informationAN INTRODUCTION TO THE CDVC APPROACH
AN INTRODUCTION TO THE CDVC APPROACH A WORKSHOP PRESENTED BY THE COMMUNITY DEVELOPMENT VENTURE CAPITAL ALLIANCE 12 March 2014 Washington, D.C. 1 Christopher Reim Managing Director, CDVCA Managing General
More informationAlternatives to Growth As Usual. Financing
Alternatives to Growth As Usual Strategy, t Execution and Financing Presenters: Richard K.A. Becker Hogan & Hartson L.L.P. David J. Lundsten, MBA, CPA, CVA Cherry, Bekaert & Holland, L.L.P. Charles A.
More informationValuation Principles
Valuation Principles The ACG Cup January 15, 2019 36 East 7 th Street Suite 2400 Cincinnati, OH 45202 513.813.4101 www.comstockadvisors.com Nickolas N. Sypniewski nsypniewski@comstockadvisors.com www.comstockadvisors.com
More informationMarch 29, 2018 THE FAIRHOLME FUND (FAIRX) A no-load, non-diversified fund seeking long-term growth of capital SUMMARY PROSPECTUS
THE FAIRHOLME FUND (FAIRX) A no-load, non-diversified fund seeking long-term growth of capital SUMMARY PROSPECTUS March 29, 2018 A series of FAIRHOLME FUNDS, INC. Managed by FAIRHOLME CAPITAL MANAGEMENT
More informationThe Heckerling Institute on Estate Planning January 17, 2019 FUNDAMENTALS OF FAMILY OFFICES FOR THE ESTATE PLANNER
The Heckerling Institute on Estate Planning January 17, 2019 FUNDAMENTALS OF FAMILY OFFICES FOR THE ESTATE PLANNER A PRIMER ON FUNCTIONS, STRUCTURES AND RELATED ISSUES N. TODD ANGKATAVANICH RICHARD DEES
More informationfinancial advisory services valuation services
financial advisory services valuation services the alixpartners difference Our ability to analyze, model, and craft rigorous valuation opinions, as well as successfully defend them, is why we produce positive
More informationHow To Sell Your Company And Transition Into Retirement
How To Sell Your Company And Transition Into Retirement PHASE 01 Deciding Whether to Sell Your Company PHASE 02 PHASE 03 Managing and Structuring the Sale of a Company Managing New Wealth and Transitioning
More informationM&A Transaction Insurance: An Overview
November 2016 Follow @Paul_Hastings M&A Transaction Insurance: An Overview By Neil A. Torpey, Sean P. Murphy & Lu Wang As a result of falling costs, faster underwriting, and improving policy terms, M&A
More information1Q18 M&A AND CORPORATE AFINANCE OVERVIEW: Merger & Acquisition Corporate Finance Advisory Strategic Consulting
M&A AND CORPORATE AFINANCE OVERVIEW: 1Q18 Merger & Acquisition Corporate Finance Advisory Strategic Consulting 400 Southpointe Boulevard, Plaza I, Suite 440 Canonsburg, PA 15317 Tel. 724 743 5800 Fax 724
More informationDIVERSIFICATION AND THE PRIVATELY HELD BUSINESS
DIVERSIFICATION AND THE PRIVATELY HELD BUSINESS STRATEGIC CONSIDERATIONS FOR A HIGHLY CONCENTRATED ASSET CLASS For many of the world s most successful entrepreneurs, the creation of significant wealth
More informationKING STUBB & KASIVA MERGERS, ACQUISITIONS, FUNDS AND PRIVATE EQUITY PRACTICE. Thinking through transactions Thinking though transactions
KING STUBB & KASIVA MERGERS, ACQUISITIONS, FUNDS AND PRIVATE EQUITY PRACTICE Thinking through transactions Thinking though transactions Adding value to deals King Stubb & Kasiva s Mergers & Acquisitions,
More informationM&A AND CORPORATE FINANCE OVERVIEW
Bringing Efficiency to an Inefficient Market 2017 Merger & Acquisition Corporate Finance Advisory Strategic Consulting 400 Southpointe Boulevard, Plaza I, Suite 440 Canonsburg, PA 15317 Tel. 724-743-5800
More informationM&A and Financing Trends in the Car Wash Industry Today. A presentation by Commercial Plus Group
M&A and Financing Trends in the Car Wash Industry Today A presentation by Commercial Plus Group Agenda About Commercial Plus Group 2017 Scorecard Current Car Wash M&A Environment Sale Considerations Types
More informationQ Market Report
Q4 218 Market Report Mergers & Acquisitions Private Equity Financial Advisory 441 Northside Parkway Suite 395 Atlanta, Georgia 3327 (44) 841-3131 www.croft-bender.com Member SIPC and FINRA CONTACT US Frank
More informationTHE FINANCIAL ADVISER AND THE AICPA STATEMENT
Insights Winter 2008 72 Professional Standards and Practices Insights THE FINANCIAL ADVISER AND THE AICPA STATEMENT ON STANDARDS FOR VALUATION SERVICES Cory R. Chiovari and Robert F. Reilly Financial advisers
More informationTransactional Valuation - M&A / Private Equity August 2011
www.pwc.com Transactional Valuation - M&A / Private Equity Agenda Valuation for Mergers and Acquisition Valuation for PE Valuation for Demergers Slide 2 Valuation for Mergers and Acquisitions Understanding
More informationM&A Financing. Presentation to: FEI NE WI Chapter. April 19, 2016
M&A Financing Presentation to: FEI NE WI Chapter April 19, 2016 Agenda Characteristics of Attractive M&A Targets Key Financial and Tax Considerations Typical M&A Financing Participants Typical Buyout Capital
More informationEXECUTIVE EDUCATION TRAINING VENTURE CAPITAL WORKSHOPS
EXECUTIVE EDUCATION TRAINING VENTURE CAPITAL WORKSHOPS Programme Overview The Private Equity and Venture Capital Executive Education training programmes are two workshops, each held over two-days. Both
More informationDeal Stats Transaction Survey
January 2016 - June 2016 Summary Report Prepared by Brady Cary and Robert Regis, ASA of Columbia Financial Advisors, Inc. 12/31/16 A Publication of the AM&AA Market Research Committee Market Research Committee
More informationOPTIMISING EXITS FOR EUROPEAN TECHNOLOGY COMPANIES 30 April 2018
OPTIMISING EXITS FOR EUROPEAN TECHNOLOGY COMPANIES 30 April 2018 1 M&A trends & valuation metrics Pietro Strada, Silverpeak page CONFIDENTIAL What we do Advising Management & Shareholders Financial or
More informationFrom Cash to Accrual Larger Law Firms May Face Major Changes
From Cash to Accrual Larger Law Firms May Face Major Changes PRESENTED BY May12, 2014 Moderator John Fitzgerald, CPA, Audit Partner BERDON LLP Accountants and Advisors With more than 20 years of experience,
More informationFASB Changes: The Impact and How to Prepare (for Private Equity Firms and their Portfolio Companies) Revenue Recognition And Lease Accounting
FASB Changes: The Impact and How to Prepare (for Private Equity Firms and their Portfolio Companies) Revenue Recognition And Lease Accounting Today s Speakers Joel Rosenthal, Shareholder Business Advisory
More informationValuation Principles
Valuation Principles The ACG Cup January 16, 2018 36 East 7 th Street Suite 2400 Cincinnati, OH 45202 513.813.4101 www.comstockadvisors.com Nickolas N. Sypniewski nsypniewski@comstockadvisors.com www.comstockadvisors.com
More informationPENDO ADVISORS, LLC. .com
PENDO ADVISORS, LLC.com TABLE OF CONTENTS FINANCIAL ADVISORY SERVICES VALUATION OPINIONS & ADVISORY. 4 TRANSACTION OPINIONS.....5 ESOP / ERISA.... 7 PORTFOLIO VALUATION & ADVISORY..8 CORPORATE FINANCE
More informationSteady, if slow, economic expansion. GDP growth for 2011 projected to be 2.9% Bank, bond and equity markets posted solid results in 2010
Mergers and Acquisitions Due Diligence James E. Kaiser, CPA Clifford M. Bishop Economic Environment Steady, if slow, economic expansion GDP growth for 2011 projected to be 2.9% Bank, bond and equity markets
More informationThe Optimal Exit Strategy Boom-er Bust Era
The Optimal Exit Strategy Boom-er Bust Era It takes a coordinated Team of Professionals experienced in Mergers & Acquisitions, Corporate Law, Taxation and Financial Planning / Wealth Management to successfully
More informationHOW TO MAXIMIZE COMPANY VALUE
HOW TO MAXIMIZE COMPANY VALUE In M&A Transactions Bryan Browning, Managing Director Paul Hultgren, Vice President of Business Development Today s Agenda Valuation Methodologies Value Drivers and Process
More informationAMERICAN INVESTMENT COUNCIL. Performance Update 2017 Q1
AMERICAN INVESTMENT COUNCIL Performance Update 2017 Q1 Private Equity Performance Benchmarks (as of March 31, 2017) Private Equity Benchmark Returns (Horizon IRR) 1 1-Year 3-Year 5-Year 10-Year BISON Private
More informationMaximizing Your Business s Value How Presale Tax Planning Increases Your Return
Maximizing Your Business s Value How Presale Tax Planning Increases Your Return By Bill Nicholson and William J. Butler In working with individuals who have sold or are contemplating the sale of their
More informationFirst Data Reports Fourth Quarter and Full Year 2017 Financial Results
First Data Reports Fourth Quarter and Full Year 2017 Financial Results Q4 consolidated revenue of $3,150 million, up 7; Full year consolidated revenue of $12,052 million, up 4 Q4 total segment revenue
More informationSecondary Market: Evolution and Recent Trends
Secondary Market: Evolution and Recent Trends Emmanuel Roubinowitz, Ponte Partners Internet Securities Event March 16, 2016 1 Secondary Overview Acquisition of shares in PE/VC funds or PE/VC backed companies
More informationMergers and Acquisitions
Mergers and Acquisitions 1 Classifying M&A Merger: the boards of directors of two firms agree to combine and seek shareholder approval for combination. The target ceases to exist. Consolidation: a new
More informationValuation, the Buy Side of M&A, and Related Due Diligence Considerations
Valuation, the Buy Side of M&A, and Related Due Diligence Considerations Crowe Healthcare Webinar Series Brian Kerby Crowe Horwath LLP Christian Heuer Crowe Horwath LLP Audit Tax Advisory Risk Performance
More informationValuation and Transition Maximize Your Value
Valuation and Transition Maximize Your Value 28 Valuation and Transition Maximize Value Today s Agenda 1. Introduction 2. The Transition Process Tips to Maximize Value a) Planning and Positioning 3. Valuation
More informationM&A 2016 CONFERENCE INDIANAPOLIS JUNE 9
M&A 2016 CONFERENCE INDIANAPOLIS JUNE 9 1 It Ain t Over Til It s Over: A Practical Analysis of Post-Closing M&A Indemnity Claims 2016 M&A CONFERENCE Paul Koenig, SRS/Acquiom Rich Mattera, UnitedHealth
More informationInvesting in fragmented, high-growth, technology- and scale-intensive industries in partnership with strong management teams
Investing in fragmented, high-growth, technology- and scale-intensive industries in partnership with strong management teams OVERVIEW Capitol Partners, one of the Mid-Atlantic region s premier middle market
More informationOMAM. Investor Presentation. Fourth Quarter 2014
OMAM Investor Presentation Fourth Quarter 2014 DISCLAIMER Forward Looking Statements This presentation may contain forward looking statements for the purposes of the safe harbor provision under the Private
More informationM & A 2016 CONFERENCE INDIANAPOLIS JUNE 9
M & A 2016 CONFERENCE INDIANAPOLIS JUNE 9 1 It Ain t Over Til It s Over: A Practical Analysis of Post-Closing M&A Indemnity Claims 2016 M&A CONFERENCE Paul Koenig, SRS/Acquiom Rich Mattera, UnitedHealth
More informationConcurrent Session: Operations & Finance Exit Strategies What Owners Need to Know Before Considering a Sale of Their Staffing Business
THUR, MAR 20 2:15 PM AQUA CD Concurrent Session: Operations & Finance Exit Strategies What Owners Need to Know Before Considering a Sale of Their Staffing Business Moderator: Sona Sharma, Senior Research
More informationInternap Reports Third Quarter 2016 Financial Results
Internap Reports Third Quarter 2016 Financial Results Revenue of $74 million, churn down year-over-year and sequentially Including a $78.2 goodwill impairment, GAAP net loss was $(91.3) million, or $(1.75)
More informationKey Trends In Midstream Oil And Gas Deals: Part 1
Portfolio Media. Inc. 111 West 19 th Street, 5th Floor New York, NY 10011 www.law360.com Phone: +1 646 783 7100 Fax: +1 646 783 7161 customerservice@law360.com Key Trends In Midstream Oil And Gas Deals:
More informationESOPs: Basics and Beyond Twin Cities FSP
s: Basics and Beyond Twin Cities FSP Kelly O. Finnell, J.D., CLU, AIF Executive Financial Services, Inc. (901) 299-7979 kfin@execfin.com The $10 Trillion Opportunity Baby Boomer Business Owners 72% Planning
More informationAgenda. Venture Capital and Valuations
Venture Capital and Valuations Venture Valuation VV AG Badenerstr. 18 8004 Zurich Switzerland Phone +41 (43) 321 86 60 Fax + 41 (43) 321 86 61 info@venturevaluation.ch Agenda - Venture Capital - Why Valuation?
More informationPrivate Equity CHAPTER 2
Private Equity CHAPTER 2 Concept and Emergence of private equity Structure of private equity firm Life cycle of private equity Types of private equity investments Divestment in private equity fund Due
More informationMid-market perspectives Evaluating strategic options a growing imperative for the middle market
Mid-market perspectives Evaluating strategic options a growing imperative for the middle market Evaluating strategic options a growing imperative for the middle market Fluctuating financial market conditions,
More informationThe Digital Media M&A Marketplace: Thinking about a company sale some perspectives from legal counsel
The Digital Media M&A Marketplace: Thinking about a company sale some perspectives from legal counsel Paul McDermott, DLA Piper US LLP MITX Program March 20, 2007 Copyright 2007 DLA Piper US LLP Overview
More informationAgenda M&A Trends. 2. Credit Availability. 3. Trends in M&A Legal Terms. 4. Market Outlook
March 20, 2012 Agenda 1. 2011 M&A Trends 2. Credit Availability 3. Trends in M&A Legal Terms 4. Market Outlook 2007-2011 Annual Deal Volumes Overall U.S. M&A Market $1,200,000 2007 2011 U.S. M&A Transactions
More informationToronto Society of Financial Analysts
Toronto Society of Financial Analysts March 4, 2003 Forward Looking Statements This presentation may contain forward-looking statements, including statements regarding the business and anticipated financial
More informationFund Raising for Real Estate Opportunities for Chartered Accountants
Fund Raising for Real Estate Opportunities for Chartered Accountants CA Vinit Vyankatesh Deo Chairman & Managing Director Posiview Consulting Partners Group April 2014 Disclaimer The document contains
More informationM&A Indemnification Deal Terms: 2017 Survey Results
Presenting a 60-minute encore presentation featuring live Q&A M&A Indemnification Deal Terms: 2017 Survey Results What's Market for Negotiating and Drafting Private Target Company Indemnification Terms
More informationPrepared for: Healthcare Merger & Acquisition Due Diligence and Financial Reporting
Prepared for: Healthcare Merger & Acquisition Due Diligence and Financial Reporting Aaron Murski, CVA Aaron Murski is a Managing Director at VMG Health. He focuses on providing valuation, transaction advisory
More informationLeverage Lending, Dividend Recaps, and Solvency Opinions. Jeff K. Davis, CFA September 17, 2013
Leverage Lending, Dividend Recaps, and Solvency Opinions Jeff K. Davis, CFA September 17, 2013 1 The pricing of credit is forever cyclical. Jim Grant Grant s Interest Rate Observer 2 SECTION ONE Leveraged
More informationPerspectives JAN Market Preview: Private Equity
Perspectives JAN 2018 2018 Market Preview: Private Equity RELATIVE OPPORTUNITY FUELING GROWTH Private equity investors in 2017 benefited from strong overall industry performance, with U.S. funds up 12%
More informationPublic versus private funding opportunities for life sciences
Public versus private funding opportunities for life sciences Dr. Patrik Frei June 2012 Meet4Lifescience, Basel Agenda Financing trends Financing sources Public Financing sources Equity Financing sources
More informationPet Industry Insight November 2018
Industry Insight November 2018 M&A Update categories continue to see strong M&A activity In 2018 YTD, strategic buyers accounted for 83% of the M&A transactions with financial buyers making up the difference;
More informationObtain Financing by Leveraging Your Company s Top-Line Revenues
Obtain Financing by Leveraging Your Company s Top-Line Revenues No Equity Dilution at Today s Low Valuations By Brian Ballo, Managing Director Laguna Hills, California OVERVIEW Despite interest rates being
More informationIBP Exam Topics Table of Contents
Table of Contents Accounting...2 Income statement...2 Balance sheet...2 Cash flow statement...2 Financial statement analysis...3 Financial reporting...3 Advanced Accounting...3 Excel...3 PowerPoint...3
More informationCIT Restructuring Plan Management Presentation. October 2009
CIT Restructuring Plan Management Presentation October 2009 Important Notices This presentation contains forward-looking statements within the meaning of applicable federal securities laws that are based
More informationAMERICAN INVESTMENT COUNCIL. Performance Update 2017 Q3
AMERICAN INVESTMENT COUNCIL Performance Update 2017 Q3 Private Equity Performance Benchmarks (as of September 30, 2017) Private Equity Benchmark Returns (Horizon IRR) 1 1-Year 3-Year 5-Year 10-Year BISON
More informationCommercial Finance. John F. Daly President, Commercial Services. Victor D. Russo President, Business Credit
Commercial Finance John F. Daly President, Commercial Services Victor D. Russo President, Business Credit Overview Key Statistics Headquarters: New York, NY Employees: 1120 Market Presence: Leading provider
More informationTactics to Grow in 2016
Tactics to Grow in 2016 1 What is your definition of growth? Expansion Optimization Increasing in size Transition Maximizing returns and performance Moving to the next chapter 2 Why have a growth plan?
More informationPlease file this Supplement with your records.
Segall Bryant & Hamill All Cap Fund (Ticker Symbol: SBHAX) Segall Bryant & Hamill Small Cap Value Fund (Ticker Symbol: SBHVX) Each a series of Investment Managers Series Trust Supplement dated March 19,
More informationSummary Prospectus. RMB Mendon Financial Services Fund RMB INVESTORS TRUST MAY 1, RMBKX (Class A) RMBNX (Class C) RMBLX (Class I)
MAY 1, 2017 Summary Prospectus RMB INVESTORS TRUST RMB Mendon Financial Services Fund RMBKX (Class A) RMBNX (Class C) RMBLX (Class I) Before you invest in the Fund, as defined below, you may want to review
More informationImpact of Tax Reform on Choice of Entity and M&A Transactions
Impact of Tax Reform on Choice of Entity and M&A Transactions Kieran Coe Tim Smith February 27, 2018 Overview of topics Key federal income tax rate changes Choice of entity considerations Converting to
More informationOwnership Succession / Transition Strategies
ship Succession / Transition Strategies Maner Costerian Solutions Conference November 2017 Tom Ziemba, PhD BDO USA, LLP tziemba@bdo.com BDO USA, LLP, a Delaware limited liability partnership, is the U.S.
More informationValuation, Mergers & Acquisitions
Valuation, Mergers & Acquisitions Valuations, Mergers & Acquisitions This session is eligible for 1.5 Continuing Education Hours. To earn these hours you must: Have your badge scanned in and out at the
More informationAdvanced Leveraged Buyouts and LBO Models Quiz Questions
Advanced Leveraged Buyouts and LBO Models Quiz Questions Types of Debt Transaction and Operating Assumptions Sources & Uses Pro-Forma Balance Sheet Adjustments Debt Schedules Linking and Modifying the
More informationMarket Report M&A Market Snapshot Q2 2018
Market Report M&A Market Snapshot Q2 2018 New York Boston Chicago Orlando Philadelphia Princeton www.mpival.com Table of Contents Total U.S. Market Activity Overview... 1 Transaction Multiples... 3 Private
More information