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Moderated by:
When:
Tuesday, March 24, 2009
7:00-7:30am
Coffee & Peer Networking
7:30-9:00am
Breakfast & Program
Where:
Hyatt Regency La Jolla
3777 La Jolla Village Drive
Google Map
Costs:
Individual Members - Free
Corporate Members - Free (3)
FCD Members - Free
RSVP & Payment:
By Friday, March 20, 2009
Program Accreditation:

CDF programs are accredited for ISS/RiskMetrics, MCLE & CPE credit.
More Information
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“Exit Strategies in the Current Environment”
Tuesday, March 24, 2009 - 7:00am - 9:00am

David Claycomb
Founder, chairman & former CEO,
HELIX Environmental Planning, Inc. |

Paul Fiskness
SVP, Structured Finance & Strategic Investments Group,
QUALCOMM Incorporated |

Ted Roth
Managing Director,
ROTH Capital Partners
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Shareholders invest with the expectation of a capital gain at some point, thus exits are always on the minds of directors, investors and entrepreneurs. While greatly slowed today, exits are still happening. Nearly gone (or dormant for now), however, are the days when “exit strategy” meant, “cash out with a high return”.
In this program our experts will discuss the pros, cons and suitability of most traditional--and still viable--exit strategies such as, IPOs, M & A’s, ESOPs, LBOs, sale to strategic partners, etc.. They will also address the current phenomenon of cash piling up on the sidelines. How much longer can investors tolerate it? When will it begin to be deployed? What might trigger this?
In the current environment, is expecting a decent capital gain at exit still a viable and reasonable strategy? Could it be expanded to mean "get out before I lose the rest of my assets", or "how do I disconnect from this troubled company?", or "how do I prepare for the next economic up-cycle?".
We are at the front end of a new way of thinking about exits. For example, one trend is toward more stock for stock combinations, where companies that are unsure about their individual abilities to survive, are combining.
Do NOT miss this illuminating and important discussion about existing exit strategies, as well as the nascent trends that are emerging!
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