The Harvard Business School Club of Connecticut
invites you to a Panel Discussion on
Improving Private Equity Portfolio Company Valuations by
Working with Operating Executives
Bush-Holley Historic Site
39 Strickland Road, Cos Cob, CT
Nov. 19, 2009
6:00pm-7:00pm: meet our speakers
7:00pm-8:20pm: presentation
8:20-9:00pm: post-event conversation
Featuring :
Robert Berner, Partner, CVC Capital
Pat Hedley, Senior Vice President, General Atlantic
David Teten, CEO, Teten Advisors
Jon Weber, Head, Portfolio Operations Group, Goldman Sachs Special Situations Group (SSG)
A sneak preview of the discussion is available here: "How Operating Executives Can Work with Private Equity."
Click here to register: HBS/ Harvard Alumni & 1 Guest: $40 per person
All Other – General Admission: $50 per person
This event will sell out; we have limited space. Please register early.
One randomly selected guest will win a copy of The Virtual Handshake: Opening Doors and Closing Deals Online.
Please note this event is off the record.
DISCUSSION TOPICS
This presentation is geared both to institutional investors who want to ensure that the right senior talent are leading their portfolio companies, and to operating executives who are interested in working with private equity and VC portfolio companies. Our panelists will discuss:
– Common engagement models private equity and venture capital firms use to tap operating executives: Expert networks, senior advisor networks, executives in residence, board memberships, and deal executives.
– Advantages and disadvantages of each model
– Why operational expertise is now far more important for private equity portfolio companies.
– How you can use online networks and other "Web 2.0" internet technologies to increase your pool of potential employees.
Robert Berner, Partner of CVC Capital
Robert joined CVC in New York in March, 2007 from Ripplewood Holdings, where he was the Managing Director for the past five years. Prior to Ripplewood, Rob worked at Charterhouse and Morgan Stanley. Rob holds an MBA from J .L Kellogg Graduate School of Management at Northwestern University and a B.A in Finance from the University of Notre Dame.
Pat Hedley, Senior Vice President, General Atlantic
Pat Hedley is Senior Vice President with General Atlantic having joined the firm in 1987. As a member of General Atlantic’s Resources Group, she assists the firm’s global portfolio companies with a broad range of operational issues including human capital management (executive management and board search, equity programs, talent capture and external provider relationship management) and marketing (branding, PR and IR). In addition, she is responsible for General Atlantic’s global marketing and communications activities. Ms. Hedley has worked in this role since January 2000.
Ms. Hedley joined General Atlantic in 1987 as an Associate, became a Principal in 1990 and worked as an investment professional until 1996. She focused on investment prospecting activities and worked closely with several portfolio companies assisting with their growth strategies including helping evaluate and pursue m&a opportunities and regional expansion. Prior to General Atlantic, Ms. Hedley worked as Director of Information Technology for MediVision, a healthcare startup funded by Bain Capital. Previously, she had been an Associate Consultant with Bain & Company.
Ms. Hedley holds an AB in Computer Science and Government from Dartmouth College and an MBA from the Harvard Business School. She is on the board of Reach the World, a non-profit connecting inner-city students with world travelers through technology.
David Teten, CEO, Teten Advisors
David Teten is CEO of Teten Advisors, 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. The deal origination study will be published in the Journal of Private Equity (an Institutional Investor publication).
David was most recently a Managing Director with Evalueserve, a global research and analytics company. Founded in 2000, Evalueserve has over 2,500 employees. David was previously Founder and CEO of Circle of Experts, an investment research firm acquired by Evalueserve, and formerly Founder and CEO of Teten Recruiting, an executive recruiting firm acquired by Accolo, #42 on the 2007 Inc. 500 list. He was also 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.
Jon Weber, Head, Portfolio Operations Group, Goldman Sachs Special Situations Group
Mr. Weber heads Portfolio Operations within the Special Situations Group (SSG) at Goldman Sachs. He and his team conduct operational portfolio oversight and manage value enhancement initiatives for more than 50 businesses in which SSG is an influential equity investor in the Americas and EMEA. Previously, Mr. Weber was the senior finance and operations executive for Carl Icahn responsible for operational oversight of companies in which Mr. Icahn had a significant interest. In that capacity, Mr. Weber served as President of Icahn Enterprises, L.P. (NYSE-IEP), CEO of Philip Services Corporation and Viskase Companies, and as a board member of American Railcar Industries, National Energy Group, WestPoint International and XO Communications. Earlier in his career, Mr. Weber was Managing Director heading corporate and investment banking for JP Morgan Chase in Sao Paulo and a Principal in the Investment Banking Division of Morgan Stanley in New York. Mr. Weber began his career as a corporate lawyer at Weil Gotshal & Manges following his graduation cum laude from Harvard Law School. He also holds an MBA and Bachelor’s degrees from Babson College. Mr. Weber is a member of the Council on Foreign Relations and the National Association of Corporate Directors.
