I hope you’ll be able to join us for the event below:
"Private Equity and Venture Capital Deal Origination – Best Practices"
Audax Group and Teten Advisors, LLC
Sponsored by the Financial Executives Networking Group New York Chapter
When: Thursday, 11/5/2009
5:30 PM to 8:30 PM
Where: Lee Hecht Harrison
200 Park Avenue (MetLife Building)
26th Floor, 212-557-0009
Private equity firms, venture capital providers, and hedge funds all face the same problem: creating deal flow and finding suitable investment candidates. This can become more complicated in a weak economy, with too many potential funders chasing too few attractive deals. However, those with a record of success at deal origination tend to find good investments in any economy, based on extensive research and ability to acquire and interpret relevant information. That said, identifying the best candidates is only half of the solution: becoming a target companyâ€™s preferred investor requires an equal expenditure of time and energy, often with an uncertain outcome.
The FENG New York has invited two experts in the field to discuss best practices of deal origination, based on their considerable research and practical experience. The meeting addresses issues specific to the private equity, venture capital, and hedge funds sectors, but which also may be applicable to other industries. A preview of the presentation slides from panelist David Teten can be found at http://teten.com/deals.
The criteria to join the Financial Executives Networking Group are a minimum of 20 years working experience; a senior title in a financial capacity; and income of $150,000 in the most recent or relevant position. However, all are welcome to attend the meeting.
David Teten is CEO of Teten Advisors (Teten.com), which specializes in advising private equity and venture capital funds on accelerating deal flow, portfolio company executive optimization and recruiting, and due diligence. In 2009, he will release the results of the first study of best practices in venture capital and private equity deal origination, based on interviews with over 125 professional investors, his work with a range of institutional investor clients, and research he conducted in writing his book, The Virtual Handshake: Opening Doors and Closing Deals Online. David was most recently a Managing Director with Evalueserve, a global research and analytics company. Among Evalueserve’s 1,100 clients are 6 of the top 10 investment banking entities and 10 of the top 15 strategy consulting firms. David was previously Founder and CEO of Circle of Experts, an investment research firm acquired by Evalueserve. David was formerly Founder and CEO of an investment bank focusing on serving the internet domain name asset class, which he built to 450 customers. He worked with Bear Stearns’ Investment Banking division as a member of their technology/defense mergers and acquisitions team, and was a strategy consultant with Mars & Co. David holds a Harvard MBA and a Yale BA, both with honors.
Edward Feuerstein is a Principal in Business Development at the Audax Group, which provides investment capital to small cap and lower-middle market companies. Audax focuses on private and public companies with a history of cash flow stability and consistent revenue growth, and on a consolidated basis manages over $4 billion of capital through a variety of financial instruments. Deal origination occurs through proprietary introductions as well as participation in broad auctions. Typically it retains existing management teams, with the intent of building the company and strengthening market positions. Audax Private Equity is currently investing out of its third private equity fund, which has over $1 billion of capital provided by limited partners and investment professionals. Audax Mezzanine invests primarily in subordinated debt and junior securities, and usually aims to be the sole or lead investor. Audax invests across a wide range of industries and transaction types, including leveraged buyouts, recapitalizations, divestitures, spin-offs, and roll-outs. Previously, Edward worked as an Analyst at Wasserstein Perella & Co.
To attend this event please RSVP to The FENG New York at fengnyc(@)gmail.com, providing your name, preferred email address, and telephone number. A charitable contribution of $20 (payable at the door) is requested, which is dedicated to clerical and overhead expenses of the chapter and headquarters. If you register and your plans change, please provide notification. If it is necessary to leave before 7:30 we kindly request that you sit in the back of the room so as to not disrupt the speakers. Please turn off cell phones before the presentations begin.
Doors open at 5:30, and each speaker will have the floor for about 30 minutes from 6:00 to 7:00. The Q&A session goes until 7:30, followed by general networking until 8:30. The speakers will stay until conclusion of the networking session. The dress code is business casual.
- From 45th Street entrance walk up one flight to 2nd floor to reception.
- From 42nd Street entrance walk through Grand Central Terminal, take escalators up two flights to 2nd Floor reception.
- Please also check into the meeting on the 26th floor.
(Image via Wikipedia)