ACG San Diego January BrownBag: Quality of Earnings 101

ACG San Diego BrownBag: Quality of Earnings 101

Event Details


January 28, 2020 11:30 AM - 1 PM PST

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* Please note this event has sold out. *

BrownBag: Quality of Earnings 101

A quality of earnings report (also referred to as a QOE report) is a vital part of due diligence when selling, buying or investing in a business.

Join an expert panel including a CPA, investment banker and a private equity buyer who will share some real life examples of what they have learned from decades of experience in preparing and reviewing quality of earnings reports. They will address:

  • What a quality of earnings report is and what it is not 
  • How a quality of earnings reports differs from an audit or a review 
  • Why sophisticated buyers nearly always require a quality of earnings report as part of their diligence  
  • How sell-side and buy-side quality of earnings differ 
  • Typical timing and costs 
  • Common issues discovered during a quality of earnings report and how buyers deal with them 
  • What a seller can do to prepare for a quality of earnings

You can also bring your questions and “stump” the experts. Great information for for Business Owners and C-Level Execs as well as Advisors working with business owners.


  • Nicholas Lopez – Principal, HCAP Partners 
  • Nancy Rix – Partner, Dickerson Rix and Company 
  • Joel Weinstein – Managing Director, RA Capital Advisors 
  • Derrick Wong - Senior Vice President/Commercial Banking Manager, Pacific Premier Bank


  • ACG Members & Sponsors: $20
  • Non-Members: $30

(Includes boxed lunch.)

For more BrownBag info: Please contact Leo Klijn/BrownBag Chair at or 858-231-2393, or John Henberger/BrownBag Chair at 760-635-1199 or 760-271-5541.

Questions? Contact Executive Director Judy Susser-Travis, CMP, CMM at or 619-741-7247.

Please Note: Your registration for this event acts as an audio/video release and includes your permission for ACG San Diego to use your image and comments captured on audio, video or photographic formats while attending the event for marketing and promotional purposes. For further information please contact: Judy Susser-Travis - ACG San Diego Executive Director @ or 619 741 7247.


Nicholas Lopez

Nicholas Lopez

HCAP Partners

Nicolas Lopez is a Principal and Investment Committee Member at HCAP Partners. He joined the firm in 2013 and is responsible for originating, structuring, closing and monitoring portfolio investments. He has been instrumental in the investment into 11 companies, many of which have achieved fast growth and realized significant value for shareholders and employees. Notable among these are the exits of Resolve Systems (acquired by Insight Venture Partners), Parallel 6 (acquired by PRA Health Sciences (NASDAQ:PRAH)), Lucernex (acquired by Accruent), Datashield, and Protect Plus Air Holdings. He is currently a board member at Mission Healthcare, Lone Star Analysis and board observer at DYPER. Nicolas attended the University of Southern California, earning an M.B.A. and San Diego State University, earning a B.S. in Business Administration. He is also a CFA charterholder.

Nancy Rix

Nancy Rix

Dickerson Rix and Company

Nancy Rix is currently a Partner in the firm Dickerson Rix and Company, a full service CPA firm located in San Diego. She has over 35 years of experience in financial accounting, tax compliance and planning and M&A consulting. She has worked as a Director at EY and PWC serving private equity and large multi-nationals on buy-side transactions. Most recently she has worked in the middle market space as a close advisor on both buy side and sell side engagements. She has extensive experience in manufacturing, distribution, Saas software and other technology sectors. She currently Chairs the Accounting Policy Committee for the California Society of CPA’s and is adjunct faculty at UCSD teaching on a variety of accounting topics including business combinations. In addition to a BS in Accounting she has an MBA from the University of Chicago. Locally, she is a member of the Tech Coast Angels. She resides in Rancho Bernardo.

Joel Weinstein

Joel Weinstein

RA Capital Advisors
Managing Director

Joel Weinstein is a Managing Director with RA Capital Advisors bringing more than 15 years of investment banking experience advising public and private companies on mergers, acquisitions, capital raises, financings and strategic advisory assignments. He previously co-founded W Partners, where he led execution of the firm’s mergers & acquisitions advisory practice across all industries including the consumer, healthcare, industrials and technology sectors. Prior to co-founding W Partners, he was a Vice President with RA Capital Advisors and started his carrer with PricewaterhouseCoopers’ Assurance and Business Advisory group where he joined the Technology, InfoComm and Entertainment practice, first in New York and then in San Diego.

Mr. Weinstein regularly serves in advisory and board positions for private companies, industry organizations and nonprofit organizations. He earned his bachelor’s degree in finance and master’s degree in accounting from Tulane University’s A.B. Freeman School of Business. He is a Chartered Financial Analyst (CFA), Certified Public Accountant (Inactive) in the State of California, and a FINRA-registered securities representative.

Derrick Wong

Derrick Wong

Pacific Premier Bank
Senior Vice President/Commercial Banking Manager

Derrick Wong is a commercial lender with over 10 years of experience advising lower middle market companies throughout different parts of their life cycle including through distress and turnaround, stable and steady earnings and rapid and hyper growth. He has experience working at large, national and international commercial banks including Wells Fargo and MUFG Union Bank as well as at entrepreneurial lenders such as non-bank asset based lender Celtic Capital. He currently serves as Commercial Banking Manager for Pacific Premier Bank, where he focuses on providing privately held companies with a full suite of commercial lending and depository services.

Hosted by: ACG
San Diego