Association for Corporate Growth
Friday, March 19th, 2010
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InterGrowth 2010
ACG-Thomson Reuters DealMakers Survey



What's on the Horizon? Please take a few minutes to share your insights into today's dealmaking environment and your forecast for the next six months by filling out the Mid-Year 2010 ACG-Thomson Reuters DealMakers Survey.

This survey receives considerable media attention and your voice is critical. Results will be announced at ACG InterGrowth 2010 on May 5 in Miami and will be shared with the ACG Community. Thank you for your participation.

 

ACG Nebraska Joins the ACG Global Community

 
The Association for Corporate Growth(ACG), the global organization for middle market M&A dealmakers and business leaders focused on driving growth, today announced the formation of ACG Nebraska.
 
ACG Nebraska will be headquartered in Omaha, NE.  The chapter will hold statewide meetings and events with the goal of facilitating networking, deal flow and the sharing of best practices among local corporate growth and merger professionals.
 
ACG Nebraska’s inaugural breakfast meeting will be held April 8, 2010, at the Happy Hollow Country Club. Jeff Schmid, chairman and CEO of Mutual of Omaha Bank will be the featured speaker. 

read more
ACG Announces the 2010-2011 Global Board of Directors
The Board of Directors of the Association for Corporate Growth has elected officers and directors for terms of office beginning July 1, 2010:
 
The following officers will serve a one (1) year term:

Michael Carr, BAC Investments, ACG Los Angeles - Chairman 2010-2011
Dennis White
, McDermott, Will & Emery, ACG Boston - Immediate Past Chairman
Andrew Rice
, The Jordan Company, ACG Chicago - Vice Chairman, to succeed automatically as Chairman of the Board for 2011-2012:
Jack Helms, Lazard Middle Market, ACG Minnesota- Chairman of InterGrowth 2011
Doug Tatum, The Co-Investment Partnership, ACG Atlanta, Chairman of InterGrowth 2012
Cliff Braly
,
Deloitte Tax, ACG Dallas - Chairman of Finance
Tom Walton, ACG Wisconsin - Secretary
 
The following Directors at Large will serve three (3) year terms:
 
Patti Gillenwater, Elinvar, ACG Raleigh Durham
Cory Mims, ICV Capital Partners, ACG New York
Steve Prostor, Citi Private Bank, ACG New York 
 
In addition, Stuart Johnson, Barnes & Thornburg, ACG Atlanta will serve a one year term as a Director at Large, to complete the remainder of Andrew Rice's term upon his election as Vice-Chairman.
 
The following Chapter Representative Directors were chosen by their Chapters to serve a two (2) year term:

Spencer Brown, Spencer J. Brown & Associates, ACG Portland
Vanessa Brown Claiborne, Chaffe & Associates, ACG Louisiana
Richard Jaffe, Ballard Spahr,  ACG Philadelphia
John Kerschen, The Charter Group, ACG Western Michigan
Ashley Rountree, C.W. Downer & Company, ACG France
Thomas Tullidge, Cary Street Partners, ACG Richmond
 
The following ACG members will continue to serve in the positions and for the terms noted:

Chapter Representative Directors:

Charles Morton, Venable LLP, ACG Maryland - Term ending 6/30/11
Cliff Pearl, Hensley Kim & Holzer, ACG Denver - Term ending 6/30/11
Tracy Albert, Houlihan Lokey Howard & Zukin, ACG Orange County - Term ending 6/30/11
Dan Amadori, Lamerac Financial Corp., ACG Toronto - Term ending 6/30/11
Wendy Neal, Global M&A, ACG Cleveland - Term ending 6/30/11 
 
Director at Large:

Michael Gibbons, Brown Gibbons Lang & Co., ACG Cleveland - Term ending 6/30/11
Penny Hulbert, Links Financial, ACG Tampa Bay - Term ending 6/30/12
Erik Dykema, Lineage Capital, ACG Boston - Term ending 6/30/12
Ed Fisher, SouthPointe Ventures, ACG Atlanta - Term ending 6/30/12
Les Alexander, Advantage Capital Partners, ACG Louisiana - Term ending 6/30/11

ACG President & CEO Gary A. LaBranche, CAE will also continue to serve as an ex-officio, non-voting member of the Board and Executive Committee.
 
ACG members interested in Board service were invited to apply for consideration in the Fall of 2009. Applicants were reviewed by the Nominating Committee and elected by the ACG Board of Directors. ACG members will again have the opportunity to apply for Board service in the Fall of 2010.
 
The ACG Global Board of Directors serves without compensation and is responsible for the strategic governance of the Association for Corporate Growth.
Inc. 500|5000


ACG and Inc. magazine are partnering in support of the 2010 Inc. 500|5000 list of the nation's fastest-growing companies. The goal of this partnership is to encourage high-growth companies in the ACG community to apply for this prestigious list.
Why Apply?
  • Private Equity Groups: Inclusion in the Inc. 500|5000 provides a PEG visibility to a wide audience by showcasing the success of a portfolio company

  • Service Providers & Intermediaries:  The Inc. 500|5000 is a great way to showcase the accomplishments of clients

  • Corporate Members:  Being on the Inc. 500|5000 delivers increased visibility to the company
The ACG middle-market community is full of high-growth companies and this partnership allows us to showcase their accomplishments.

Apply or encourage a company you believe should be showcased to apply today!
 
Additional information and application are available online
here.



PitchBook Annual Report
  PitchBook Annual Private Equity Breakdown 2010

U.S. private equity deal flow for 2009 was down 50% from 2008 and 65% from 2007 to 979 completed deals, a level not seen since 2003. A closer look at deal activity for the year shows it was dominated by lower and middle-market deals, which accounted for over 90% of the deal flow. Total invested capital declined from $205 billion in 2008 to $43 billion in 2009. 75% of the $162 billion difference is due to the drop in deals over $1 billion, a direct result of the credit crisis. However, these larger investments did begin to recover somewhat in the second half of 2009 with four completed investments over $1 billion versus just one in the first half of the year. PE investment seemed to turn a corner in the fourth quarter with deal flow increasing for the first time in a year and total capital invested jumping to its highest quarter total of the year at $15.3 billion. It was also a slow year for exits with only 224 liquidity events, the least since 2002. Leading the decline were exits through sales to strategic acquirers, which were 54% less than in 2008 and 65% less than in 2007. One bright spot in the exit market was the return of IPOs, with 25 completed PE-backed offerings during the year.

Click Here to read more. 

InterGrowth Countdown

    Private Equity Exit Preparations

There are only two ways out for sponsors, but the respective options-either the public alternative or the straight sale-carry their own drawback and benefits
By Mat Wood and Scott Hendon

The Federal Reserve’s upgraded assessment of the economy, combined with recent reports of labor market improvements and increased business expenditures, may have signaled an end to the recession. Now, as the economy continues to stabilize, private equity firms that have been long entrenched in their investments will turn their eye toward an exit. There are two primary ‘ways out,’ each with its own benefits and drawbacks — sponsors can either go public or just sell.
 
Click Here to read more.


All Bets Are on Strategics

Corporate buyers, with m ore than $1 trillion of capital on their balance sheets, are now only waiting on quality deal flow

Most dealmakers expect corporate acquirers to have a leg up in 2010. In fact, according to the Association for Corporate Growth (ACG)-Thomson Reuters’ most recent semi-annual DealMakers Survey, only eight percent of respondents say the current market favors private equity investors while a whopping 74 percent say it favors strategic investors.

Click Here to read more.



This article originally appeared in the March edition of Mergers and Acquisitions, the Dealmaker's Journal (MAJ).  MAJ is the official publication of the ACG and is available to ACG members at no cost.  For access to the 80+ pages of coverage and analysis of key deals and influential developments in mergers and acquisitions today, please sign in or join ACG.
  
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InterGrowth Update
ACG InterGrowth 2010 conference host hotel, the Fontainebleau, is nearing a sold out situation on Wednesday, May 5th

The new Eden Roc Renaissance Hotel is located directly next door and is holding a limited number of rooms for ACG InterGrowth Attendees at the rate of $269. This rate expires on April 9th. For reservations please call 1-800-468-3571. Be sure to identify yourself as an ACG InterGrowth attendee. Learn more about the hotel at boldnewedenroc.com 
Capitol Views and News


ACG members can track key public policy issues through a strategic alliance between ACG and the U.S. Chamber of Commerce. See below for the latest news and or review the
US Chamber Website for new developments on Federal legislation and regulation.

*** SPECIAL BULLETIN ***

Chamber President Tom Donohue Outlines Policies to Spur Job Creation

In his address, Donohue said, "While there has been some improvement in the economy, we must add another word when describing the state of American business today - and that word is 'uncertainty." 


Click here to read more.

To learn more about the Chamber and get engaged at a special ACG member rate, go to
http://www.uschamber.com/join/acg
ACG Cup Competition

 
Featured Events

March 13 - 15 - ACG Utah and ACG New York Dealmaker Ski and Board Conference

March 16- ACG San Diego- Life Sciences Funding Trends and Predictions for 2010

March 16-17-ACG National Capital- 2010 Strategic Growth Conference and Capital Forum

March 17 - ACG NJACG NY/NJ/CT 7th Annual Tri-State Conference 

March 17- ACG Los Angeles- Show Me the Money!

March 17 - 18 -  ACG Denver - Rocky Mountain Corporate Growth Conference

March 25- ACG Orlando- There's More Than Just the Olympics in Canada!

March 25-ACG Orange County- Advance Your M&A Pipeline Today


April 8- ACG Nebraska- Breakfast meeting

April 8- ACG Orange County-5th Annual Burgers & Beer at Goat Hill Tavern

April 13-14- ACG Raleigh Durham- 2010 ACG Raleigh Capital Conference

April 28- ACG San Diego- "Staying Safe - Is Your Corporate Security Blanket Full of

April 28 - ACG Silicon Valley- Grow Awards

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