December 2008
Private Equity: Down But Not Out, Waiting for the Next Opportunity
Program Highlights:
- Changed Regulatory Environment and Market Landscape
- Distressed Assets: Taking a Plunge in Murky Waters
- Making Deals Work with Less Leverage & Making Old Deals Work in a New Environment
- Why Are You Buying? Strategic versus Financial Acquisitions
Program Description
The game may have changed – the public markets are in turmoil, the economy is slowing and credit not available or too expensive - but private equity opportunities and deals are not dead. They only come in a different form, using more equity or other financing techniques. Also, many opportunities have opened up in distressed assets. Led by private equity executives, investment bankers and experienced private equity attorneys, this program will discuss the changed landscape of private equity, new players, new opportunities, new structures – and how to cope with deals done in an earlier, headier environment.
Agenda
Changed Regulatory Environment and Market Landscape
With the biggest investment banks now either gone or converting to "bank holding company" status, what opportunities are there for private equity funds to step into the traditional merchant bank role of investment banks?
- How will the changing landscape affect mid-tier investment banks and funds?
- What impact will recent events have on the carried interest debate?
Distressed Assets: Taking a Plunge in Murky Waters
- What asset classes look best for a turnaround?
- What lessons do the S&L Crisis and the Resolution Trust Corporation have for funds buying from TARP (Troubled Asset Relief Program)?
- Will commercial real estate suffer like residential?
- Opportunities in the purchases of distressed debt?
Making Deals Work with Less Leverage & Making Old Deals
Work in a New Environment
- With access to debt financing either non-existent or prohibitively expensive, how do you make deals work?
- How do you achieve above average returns with little or no leverage?
- Although the credit marks have changed dramatically in mere months, thousands of deals were done in heady times. Now what?
- Do you keep funding troubled portfolio companies, cut your losses?
Why Are You Buying? Strategic versus Financial Acquisitions
Program Co-Chairs:
Nathaniel T. Trelease
WebCredenza, Inc.
Westminster, Colorado
Lee Reichert
Kamlet, Shepherd & Reichert LLP
Denver, Colorado
Faculty:
Ryan A. Arney
Davis, Graham & Stubbs, LLP
Denver, Colorado
Aaron Bachik
Green, Manning & Bunch, Ltd.
Denver, Colorado
Chris Bock
KRG Capital Partners, LLC
Denver, Colorado
John Fitzgerald
Cheyenne Capital Fund, LP
Denver, Colorado
Nathaniel G. Ford
Faegre & Benson, LLP
Denver, Colorado
Matthew C. Hicks
Excellere Partners
Denver, Colorado
Bruce L. Hoyt
St. Charles Capital
Denver, Colorado
Stewart Loewenstein
Republic Financial Corporation
Aurora, Colorado
Alan Mayer
Green, Manning & Bunch, Ltd.
Denver, Colorado
Phil Parrott
Cheyenne Capital Fund, LP
Denver, Colorado
Michael L. Platt
Cooley Godward Kronish, LLP
Broomfield, Colorado
Michael Quinn
Q Advisers
Denver, CO
E. Lee Reichert
Kamlet, Shepherd & Reichert, LLP
Denver, Colorado
Paul Washington
LJS Holdings, LLC
Boulder, Colorado
John Zimmerman
Tomkins PLC
Denver, CO