Breakfast Recaps

Please find a recap of our monthly ACG breakfast programs on the homepage. Slides and other pertinent information related to ACG Breakfasts will be provided below as available.

January 2013 Breakfast Recap

ACG Philadlephia was joined by Wharton Professor Franklin Allen. If you were unable to attend, please CLICK HERE for his slide presentation.

March 2011 Breakfast Recap

Our speaker was economist Jim DeMasi who is Chief Strategist and Managing Director for Fixed Income at Stifel Nicolaus in Baltimore. Jim gave us his thoughts on how debt, inflation and political unrest are impacting the deal markets.

Click here for Jim's key takeaway on ACG Philadelphia's Twitter Page.

You can also check the following two twitter streams for some additional direct quotes from the event: www.twitter.com/ACGPhilly and www.twitter.com/annebuchanan.

Click here for the program slides.

January 2011 Breakfast Recap

At the January Breakfast Briefing, panalists Brian Buchert of Church & Dwight Co., Inc. (Arm & Hammer brand), Kevin Coleman of Ametek and Steven Selfridge of Day & Zimmermann discussed the outlook for corporate acquirers. They expanded upon the following:

2010 was a much-improved year for M&A dealmakers: deal values came close to the 2007 highs, valuation multiples rebounded and larger deals continue to get more favorable valuations.

Corporate cash balances are currently at all time highs and shareholders are getting anxious with respect to the high levels of cash sitting on the balance sheets.

Sponsors have a half a trillion of "dry powder" – this coupled with more aggressive leverage and more favorable financing terms should make sponsors formidable buyers in 2011.

Commentary by Elisabeth Lubin, Firstrust Bank.

Click here for the program summary.

November 2010 Breakfast Recap

ACG’s executive breakfast briefing focused on the mid-term election results' impact on the M&A community and was designed to provide the M&A community with clarity on what economic and policy changes may lie ahead.

Moderated by Thomas Bonney, Founder and Managing Director, CMF Associates panelists included Congressman Chaka Fattah, Joe Battipaglia, Chief Investment Strategist at Stifel Nicolaus; and David Thornburgh, Executive Director of the University of Pennsylvania’s Fels Institute of Government.

Additionally, here's what attendees had to say: Taxes are the single greatest economic concern with interest rates, government spending, jobs, and fiscal policies coming in as close seconds. Additionally, the majority of attendees think the shift in Congress will impact dealmaking landscape either significantly or somewhat.

Click here for the program summary.

September 2010 Breakfast Recap

Industry leaders from healthcare, alternative energy and logistics, David Cade, Richard Kane and Andrew Kress, joined ACG Philadelphia to discuss why their sectors are poised for growth. They responded to questions about opportunities and challenges, regulatory impact, M&A's fit with their corporate strategy and doing business within the region. soon. Jason Rabbino, Chapter President and SVP, Tyco International moderated.

Commentary by Elisabeth Lubin, SJU (2012), Firstrust Bank

Click here for the program summary.

June 2010 Breakfast Briefing

Former Comptroller General of the U.S. and head of the Government Accountability Office, David M. Walker spoke at the June Breakfast Briefing. In his speech, Mr. Walker described how the government is currently engaged in a series of unsustainable policies and practices with budget deficits, an expensive health care system, swelling Medicare costs, immigration problems, and excess overseas military spending that threaten to "bankrupt" the nation if action is not taken soon. Commentary by Alfredo Moreira, ADT Worldwide

Click here for the program summary.

May 2010 Breakfast Briefing

A panel of experts from private equity, mezzanine lending and senior lending discussed the current credit environment. They noted that the outlook for the lending environment remains positive given the recovery across various industries, prudent capital structures and availability of debt and equity capital to support new transactions. The panel agreed that favorable financing conditions are expected to continue to fuel buyout activity for both middle market and large-cap transactions.
Commentary by John Jadach, LBC Credit Partners

Click here for the program summary.

April 2010 Breakfast Briefing

Whether you are involved in an M&A deal, Joint Venture or IPO, the Foreign Corrupt Practices Act (FCPA) can put a serious sting on your deal just as it has on some of the largest dealmakers here and abroad in the last several years. Our panel of expert advisors and buyers shared lessons learned, current trends along with the strategies and tactics both buyers and sellers can use to mitigate risk and protect your deals.
Commentary by Jonathan Marks, Partner, Crowe Horwath LLP

Click here for the program summary. Click here for the slide presentation, including the ACG Cup finalists

March 2010 Breakfast Briefing

Don Correll, President & CEO of American Water Works, presentation focused on American Water's corporate growth strategy as it pertains to acquisitions, public-private partnerships and investments in aging infrastructure, as well as the impact that the regulatory framework and government legislation has on its business. Mr. Correll also recapped American Water Works' spin out from its former parent company.
commentary by Joseph Culley Jr., Managing Director, Janney Montgomery Scott

Click here for the program summary.

February 2010 Breakfast Briefing

How can investors and business work together to create shareholder value and social benefit simultaneously? Bart Houlahan, Co-Founder of B-Lab and founder of AND1 discussed this emerging marketplace and introduced ACG to the B "Benefit" Corporation.
commentary by Lisa McLemore, Fesnak & Associates, LLP and ACG Marketing Committee Member
Click here for the program summary and slide presentation

January 2010 Breakfast Briefing

A recap of what buyers and sellers can expect in 2010 and beyond...Perspectives from senior debt, mezzanine and private equity investors
commentary by Adam VeVerka, NewSpring Capital and ACG Marketing Committee Member

Click here to read about their expectations