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Day One, Tuesday, November 11
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| 7:45 a.m. |
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Breakfast and Registration |
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| 8:30-8:45 a.m. |
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Welcome and Introductory Remarks
Robert Teitelman, Editor in Chief, The Deal
John Morris, Assistant Managing Editor, The Deal |
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| 8:45-9:45 a.m. |
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M&A Forecasting Panel--Boom or Bust in 2009?
This panel will provide insight and perspective on the current and future state of the global M&A market, offering opinions on the outlook for dealmaking, and will provide insight on the spate of hostile takeover battles, antitrust maneuvers and industries that will see more consolidation due to the effects of a slowing economy and inflation factors. Our panelists will explore the future of deal financing and alternative financing options in this paralyzed banking environment. They will share the pressure points for buyers and sellers as the assumptions of 2009 form from the riveting financial and regulatory events of 2008.
Moderator:
Greg Peterson, Partner, PricewaterhouseCoopers
Panelists:
Nicole Arnaboldi, Chairman, DLJ Merchant Banking
Bruce Bowden, Vice President, Global Head of M&A, Nokia
Jonathan E. Colby, Managing Director, The Carlyle Group
Martin Mannion, Managing Director , Summit Partners
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| 9:45-10:15 a.m. |
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Keynote Address: Private Equity Outlook-Middle Market
John D. Howard, CEO, Irving Place Capital |
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| 10:15-10:45 a.m. |
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Networking Break
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| 10:45-11:30 a.m. |
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Cross-Border Wave: U.S.A up for Sale? Shifts in Key Emerging Markets
Deal activity is increasingly global. Multinational corporations continue to look for opportunities in emerging markets to expand their customer base and maximize operations, with India being a prime draw of late. Buyers from countries with strong currencies relative to the U.S. dollar are on a shopping spree for American targets and foreign direct investment is also on the upswing in the U.S., at a rate outpacing most other nations. Beyond a discussion of these trends, this panel will also distill the complexities of transacting abroad, the primary legal obstacles and the risk-reward trade-offs of working in the international deal community.
Moderator:
Matt Miller, Senior Writer, The Deal
Panelists:
Steven Baronoff, Managing Director, Head of Global M&A, Merrill Lynch
Paul Beecy, Partner, Grant Thornton
Jeremy Payne, Senior Vice President , Capital IQ, Inc.
Nick Rees, Co-Managing Partner, Corporate and M&A Group, Linklaters LLP
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| 11:30-12:00 p.m. |
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Keynote Address: Boom to Bust: Back to Basics-An M&A Perspective
Paul G. Parker, Managing Director, Chairman and Head of Global M&A, Barclays Capital |
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| 12:00-1:30 p.m. |
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Networking Lunch & Keynote Speaker
Sydney Finkelstein, Steven Roth Professor of Management, Tuck School at Dartmouth College; Author of 'Why Smart Executives Fail'
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| 1:30-2:00 p.m. |
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Keynote Presentation: Briefing on New Administration--Regulations and State of the Financial Markets
Jamie Gorelick, Partner and Co-Chair, Defense and National Security Practice Group; Chair, Public Policy and Strategy Practice Group, Wilmer Hale
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| 2:00-2:45 p.m. |
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The Transformation of the Activist Investor
Activist fund managers are launching more insurgency campaigns than ever despite the diminished M&A market and corporations are finding ways to counter. This panel will examine how activist managers are altering their strategies amid the credit crunch; how they are gaining the support of institutional investors through proxy advisory service companies and other means; how derivative investments are playing a role for some managers and how litigation and regulation could change all that. They will also discuss global strategies and successful campaigns for change in Japan, South Korea and around the world.
Moderator:
Damien J. Park, President & CEO, Hedge Fund Solutions
Panelists:
Timothy Brog, Portfolio Manager, Locksmith Value Opportunity Fund
Jared L. Landaw, Managing Director and General Counsel, Barington Capital Group, L.P.
Rachel Posner, Senior Managing Director-General Counsel, Georgeson, Inc.
Matthew Sherman, Partner, Joele Frank, Wilkinson, Brimmer Katcher |
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| 2:45-3:00 p.m. |
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Networking Break |
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| 3:00-3:45 p.m. |
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Buying Troubled Companies - Turning Around Distressed Situations into the Golden Egg
With the past year's economic shifts and rise of corporations filing for bankruptcy, most experts predict distressed M&A opportunities will continue to be abundant. Our panel of distinguished investors and advisers will share their approach to distressed situations, including how to evaluate distressed and underperforming assets, how to pick the right timing in the cycle, how the rules have changed when using rights offerings to gain control and how to avoid post-merger integration problems.
Moderator:
Anders J. Maxwell, Managing Director, Peter J. Solomon Company
Panelists:
Scott Vollmer, CEO, Drum Capital Management
James J. Loughlin, Jr., Principal and Managing Director, Loughlin Meghji & Co.
James D. Rosener, Partner, Pepper Hamilton LP
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| 3:45-4:15 p.m. |
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Keynote Interview
Phillip Goldstein, Principal, Bulldog Investors
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| 4:15-6:30 p.m. |
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Networking Cocktail Reception |
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Day Two, Wednesday, November 12 |
| 8:00 a.m. |
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Networking Breakfast and Check-In |
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| 8:30-8:45 a.m. |
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Welcome and Recap--Day One
Survey Findings of the M&A Outlook 2009 Survey |
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| 8:45-9:30 a.m. |
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Keynote Panel: What Will Wall Street Look Like-2009 and Beyond
In the recent post-election period, distinguished financial leaders will share their opinions on the future of Wall Street following the unprecedented surge in consolidation among the banking industry. They will discuss the function that Wall Street performs and how it's changing as the Federal Reserve evolves regulations to reform financial institutions. Some of the questions our keynote panel will address include what could happen if a massive commercial or universal bank fails? And, if the Fed decides to squeeze the flow of credit and leverage lending goes down, what happens to the bigger hedge funds and private equity firms as well as those that invest in the middle market? With all the carnage-where is the talent heading and what will the smart ones come up with next?
Moderator:
Robert Teitelman, Editor in Chief, The Deal
Panelist:
H. Rodgin Cohen, Chairman, Sullivan Cromwell LLP
Gary Parr, Deputy Chairman, Lazard
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| 9:30-10:15 a.m. |
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Wall Street and Washington Clash: The Regulatory World for Private Equity, Hedge Funds and Antitrust Cases
Washington has been deep in the Wall Street crisis, buzzing with varios plans to reorganize the regulation of financial institutions that fuel the economy. This panel will discuss what's ahead in the area of taxes and reporting requirements for the alternative investment community. The surge hostile bids have brought about talk of changes at the FTC and Department of Justice. Will future battles involve more voices from Capital Hill, particulary under the new administration?
Moderator:
William McConnell, Washington Bureau Chief, The Deal
Panelists:
Adam Blumenthal, Managing Partner, Blue Wolf Capital Management
David Marchick, Managing Director, Global Government and Regulatory Affairs, The Carlyle Group
Mel Schwartz, Senior Partner, Grant Thornton
Robert Pitofsky, Professor of Antitrust & Trade, Georgetown University and former Federal Trade Commissioner
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| 10:15-10:30 a.m. |
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Networking Break
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| 10:30-11:15 a.m. |
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Middle Market's Momentum and the Future of Exit Alternatives
Weathering much of the aftermath of the credit crunch, the middle market is the deal haven for private equity investors and corporations looking for niche companies to advance capabilities and shore up market share. Where are the hotbeds for middle-market activity down the road? When will IPOs return as a favorable exit strategy?
Moderator:
Nathaniel Baker, Middle Market Editor, The Deal
Panelists:
Jonathan Peskoff, Managing Director, Investment Banking, M&A Group, FBR Capital Markets Corporation
Hamilton Crawford, Managing Director, Houlihan Lokey
T.J. Maloney, President, Lincolnshire Management
Jay Rothman, Partner, Foley & Lardner LLP
David C. Turner, Managing Director, Head of Private Equity, Guardian
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| 11:15-12:00 p.m. |
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Private Equity and the Banking Industry
Our panelists will discuss the changing landscape of the banking industry and the role of private equity firms that have provided support to those institutions affected by the mortgage crisis. Given the struggles in the banking industry, have investors' interests waned? Some buyout shops have come to the rescue of financial services firms over the past year while others have purchased debt at a discount. Will private equity firms continue to increase their debt trading capacities? Will sponsor investments in financial firms bring LBO-level returns anytime soon? This panel will explore the symbiotic relationship of these deals.
Moderator:
Vipal Monga, Senior Writer, The Deal
Panelists:
Clifford V. Brokaw IV, Managing Director, Corsair Capital
Lee Meyerson, Partner, Simpson Thatcher & Bartlett
Andrew M. Senchak, Vice Chairman & President, Keefe Bruyette & Woods
David Solomon, co-CEO, Lazard Middle Market
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| 12:00-2:00 p.m. |
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Most Admired Corporate Dealmaker's Awards Luncheon
The Deal unveils the winners of its inaugural Most Admired Corporate Dealmakers Awards,
honoring corporations voted by the deal community for being the best at conceiving and
executing transactions, both acquisitions and divestitures. Winners will be announced in three
industry sectors: Information Technology, Industrials and Healthcare. |
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| 2:00 p.m. |
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Conference Ends
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*The Deal LLC reserves the right to alter the agenda of M&A Outlook 2009 and/or substitute speakers without advance notice. |
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