Buyouts East 2009: Where Funds & Deals Get Started
Thursday, March 26, 2009, Grand Hyatt, New York City
Click Here to Register for the Buyouts East 2009 Awards Dinner
HIGHLIGHTS
Insightful Keynote Speakers:
Unique Networking Events!!!
- Fundraising Circuit: a chance to hobnob and deliver your elevator pitch to local LPs
- Deal Flow Circuit: a chance to talk deals with leading local GPs
- Roundtables: a chance to discuss hot-button topics with experts and other delegates
DETAILED AGENDA*
7:00 Registration opens
8:30 State of the East Coast LBO Industry
Matt Toole, Director, Deals Intelligence, Thomson Reuters
In our opening session, fueled by the powerful data bases of parent Thomson Reuters, Buyouts Magazine gives our delegates a snap shot of fundraising and deal volume taking place on the East Coast of the United States.
8:50 Dealmaker Keynote: Managing Through A Recession
Rodger Krouse, Co-CEO, Sun Capital Partners
Sun Capital Partners has a long-established reputation of generating outsized returns from underperforming companies. One of the most active firms in the world, it bought more than thirty companies each year from 2005 to 2007, with 39 done in the latter. Year to date the firm has completed more than two dozen deals. In this keynote, Sun Capital’s Co-CEO gives our delegates clues to how to thrive during a recession.
Interviewed by Erin Griffith, Reporter, peHUB.com
9:30 Panel 1: The Pendulum Swings: LPs Back On Top?
For the first time in several years, fundraising has begun to slow, marking an end to an unprecedented run in capital raising. That’s led to a host of new questions facing limited partners: how to deal with being over-allocated to private equity, how much money to commit to funds over the next two years, how to make sure they’re getting timely, GAAP-compatible return data from their fund managers. Meanwhile, the only leverage the LBO market has been seeing lately is the leverage investors now have on dictating terms. Our panelists will discuss what terms they’ll try to gain ground on, and how.
Moderator:
- Mark Cecil, Contributing Editor, Buyouts
Speakers:
- Mike Dutton, Portfolio Manager, CalPERS
- Barry Gonder, Managing Partner, Grove Street Advisor
- James Clarke, Director, Private Equity, Ewing Marion Kauffman Foundation
- Bill Walsh, Managing Director, Portfolio Advisors
- Ross Posner, Director, Allstate Investments
10:15 Coffee
10:35 Panel 2: Trudging Through The Credit Winter
“We’re busy, but not with new deals.” Lately, that’s been the refrain of many a buyout pro, operating in a time of dislocated debt markets and sagging performance of portfolio companies. On this panel, both buyout pros and lenders talk about how to find, structure and price deals in times that couldn’t be less friendly to credit. Getting BO’s done….without the "L."
Moderator:
Speakers:
- David Donnini, Principal, GTCR
- Neil Townsend, Practice Group Leader Churchill Financial
- Richard Lawson, Managing Director, Huntsman Gay Global Capital
- Devon Russell, Senior Managing Director, Madison Capital Funding
- Chris Williams, Co-Founder, Harris Williams
11:15 LP Keynote
Jeremy Coller, Chief Investment Officer, Founder, Coller Capital
There has perhaps never been a time of more activity in the secondaries market as there is today. In the past several years, Coller and others raised huge secondaries funds and were putting them to work in a market where sellers could command a premium. Now, as the economy lurches toward a recession, the advantage has shifted to the buyers, who find themselves with a wide array of choices priced at deep discounts.
Interviewed by David Toll, Editor, Buyouts
12:00 Lunch begins
1:00 Luncheon Keynote: The Similar Worlds of Sports and Private Equity
Steve Young, Managing Director, Huntsman Gay Global Capital
Mr. Young is a Managing Director of Huntsman Gay Global Capital, a private equity buyout fund with over $1 billion in committed capital for middle market LBOs and growth deals. Prior to his tenure at Huntsman Gay, he co-founded Salt Lake City-based private equity firm Sorenson Capital.Mr. Young’s professional football career spanned more than fifteen years in the NFL, mostly with the San Francisco 49ers, where he was voted the NFL’s Most Valuable Player for 1992 and 1994. In 2005, Mr. Young was inducted into the Pro Football Hall of Fame. He won six NFL passing titles and is the highest-rated quarterback in NFL history.
1:30 Buyouts Roundtables
Time to interact! In this section of the program, you’ll have the opportunity to move from table to table, discussing hot-button topics with your peers. Each table is led by a moderator who is an expert in the field. Topics subject to change:
- Non-traditional Forms Of Financing: Getting Your Share, with Leonard Tannenbaum, CEO, Fifth Street Finance Corp.
- Managing Portfolio Companies Through A Recession
- Negotiating With Secondary Buyers, with Colin McGrady, Managing Director, Cogent Partners
- Lowering Your Tax Bills, And Those Of Your LPs
- Due Diligence Techniques For A Depressed Market
- Raising A Fund When Big LPs Are Out Of Money, with Brian Gallagher, Managing Partner, Twin Bridge Capital Partners
2:30 Coffee Break
2:45 Panel 3: Operations: The Five Most Important Ways To Drive Returns Through A Recession
Roll up your sleeves, get your hands dirty. This panel is about jockeys improving the performance of their horses. As a large LP recently told Buyouts, “You’d have to be naïve to not be worried about any deal that was done in the last two years.” Overcrowded auctions and deals priced to perfection over the last few years have left LBO firms little margin for error. In this panel, a group of hands-on deal pros talk about how to keep EBITDA growing at solid performers, and how to make lemonade from the occasional portfolio lemon.
Moderator:
- Mike Baron, Managing Editor, Buyouts
Speakers:
- Brian Bernasek, Principal, Carlyle Group
- Fred Crawford, Chief Executive Officer, AlixPartners
- Dean Nelson, Operating Partner, KKR/Founder, KKR Capstone
- Mike Psaros, Co-Founder, KPS Capital
3:30 Joint Keynote Interview: New World, New Directions
Moderator:
- Dan Primack, Founder, peHUB.com
Speakers:
- Peter Nolan, Managing Partner, Leonard Green & Partners
- George Siguler, Co-Founder, Siguler Guff
George Siguler leads Siguler Guff, a multi-strategy private equity investment firm with over $7.0 billion of assets under management. Prior to founding Siguler Guff, he headed PaineWebber’s Private Equity Group, co-founded Harvard Management Co., and served in the Reagan Administration from 1983 to 1984 as Chief of Staff of the U.S. Department of Health and Human Services. Mr. Nolan joined LGP in 1997, a Los Angeles-based firm with $9 billion under management. Prior to joining Leonard Green, he was Co-Head of DLJ's Los Angeles Investment Banking Division, and prior to that was First Vice President in corporate finance at Drexel from 1986 to 1990.
4:15: Keynote Panel Ends
4:30 Fundraising Circuit
You bring the elevator pitch, we bring the investors. At this structured networking event, you’ll have a chance to hobnob with representatives from leading local investors manning tables.
- Participating LPs TBA....
4:30 Dealflow Circuit
If you're not at the Fundraising Circuit, get your chat on with deal sources. Local buyout professionals will man tables, giving you an opportunity to exchange business cards and talk about your next big opportunity.
- Participating GPs TBA....
6:00 Conference ends, Awards Dinner Cocktails begin
7:00 Awards Dinner begins
Our prestigious, third annual awards dinner recognizes the best and brightest in the industry in over a dozen categories, including our vaunted Deal Of The Year and Firm Of The Year categories.
10:00 Awards Dinner ends
Sponsorship opportunities are available! Contact David Harkey: 646-223-6776 or by e-mail: david.harkey@thomsonreuters.com
*Agenda is subject to change without notice.
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