NYPEN: Carve-Outs: Lessons Learned and Creating Value

Invitation Link: http://www.cvent.com/d/w4q5n1/4W

The New York Private Equity Network (“NYPEN”) and Alvarez & Marsal invite you to a panel discussion, "Carve-Outs: Lessons Learned and Creating Value,” on Thursday evening, September 18, 2014.

Many corporations have been divesting themselves of non-core assets, presenting private equity sponsors with a unique opportunity to acquire these carve-outs.

Carve-out transactions can be complex if sponsors are not aware of all the potential pitfalls during this process.  This panel discussion will focus on the big areas that sponsors should consider during a carve-out transaction, as well as share lessons learned. Additionally, the panelists will share ideas on identifying the upside during the pre-acquisition process and how to create value.

Discussion Topics may include:
• Asset versus Stock acquisitions: what’s the difference and why it matters to you
• Separation planning: what separation activities may impact performance (e.g. HR, IP)
• Understanding the impact of Standalone costs (one-time and recurring)
• Transition Services Agreement (“TSA”): what should you be mindful of
• IT carve-out pitfalls

The evening’s panel will be moderated by Dan Zamlong, Managing Director at Warburg Pincus. Our three panelists will bring varying perspectives from a Sponsor, Operational, and Lender point of view and include:

Riddhish Dubal: Managing Director, Alvarez & Marsal Private Equity Services Operations
Sobia Khaliq: Vice President, GE Antares Capital
Evan LePatner: Principal, KPS Capital Partners