Mergers and acquisitions involving privately held companies entail a number of key issues including legal, business, operations, administration, human resources, benefits, intellectual property and financial issues. Your Board Directors are essential to a smooth transaction as they can significantly assist the company in three major areas:
- Sourcing the deal
- Proving oversight on the due diligence process and guidance to prepare the company for the deal
- Structuring the deal
Please join us for a stimulating panel discussion by experts in small company M & A. The panel will explore the role of your Board Directors in any M & A transactions and how management can tap into general and specific knowledge they can provide. Some of the areas we will cover are
- The valuation
- The timing
- The due diligence process
- Need for a good team-legal, banking, and tax
- The role of intellectual property
- The letter of Intent
- The acquisition agreement provisions
- Sensitive issues such as employee and benefits issues
Our panel consists of Ryan J. Bernath, a Senior Managing Director at B. Riley FBR, Angy Chin, President BIC Group LLC and Paren Knadjian, Practice Leader - M&A and Capital Markets, Knost, CPA's. The panel will be moderated by Barney Hartman-Glaser, Assistant Professor of Finance, UCLA Anderson School of Management.
We hope that you can join us the morning of September 12th at the Law Offices of Polsinelli located at 2049 Century Park East, Suite 2900. There will be a networking opportunity from 7:30 am to 8:00 am, and the program will start right after with an end time of 9:30 am. Breakfast will be served. Valet parking is available for a fee at the venue.
THANK YOU TO OUR SPONSORS!
Senior Managing Director
B. Riley FBR
Ryan J. Bernath is a Senior Managing Director at B. Riley FBR, having joined the firm in 2010 as a Managing Director in the Investment Banking Department. Mr. Bernath brings to the firm approximately 20 years of investment banking experience, having executed a wide range of mergers & acquisitions and corporate finance transactions for large-cap and middle market companies. At B. Riley FBR, Mr. Bernath has senior leadership in covering high-priority industry verticals such as Aerospace & Defense, Automotive, Business Services, and Electronics and Electronics Manufacturing Services.
Prior to joining B. Riley & Co., Mr. Bernath was a Senior Vice President in Investment Banking at Barclays Capital in Los Angeles, where he was a senior member of the firm’s Business Services investment banking group. Prior to Barclays Capital, Mr. Bernath was a Senior Vice President with Lehman Brothers, where he spent time executing transactions in the Business Services and Financial Institutions Groups. Mr. Bernath began his investment banking career in New York with Putnam Lovell Securities (now Jefferies Putnam Lovell).
Mr. Bernath received his M.B.A with Honors from the UCLA Anderson School of Management and graduated magna cum laude from the University of Southern California with a Bachelor of Science degree in Business Finance.
BIC Group LLC
Angy is the CEO & President, BIC Group LLC, AC Consulting, Signature Analytics in Los Angeles. Angy loves coaching entrepreneurs to become better leaders to achieve greater success in life and company. She is an expert in talent management, strategic planning, startup, process/profit improvement, recapitalization, restructuring, private equity (PE) deals, and IPO. Angy is known for building great teams and delivering results. She has been involved in numerous turnaround situations and M & A activities, most notably Coffee Bean and Tea Leaf, Robeks Corporation and Clipper Corporation. Her educational achievements include a MBA in Finance and Marketing from the University of Chicago, a BS in Business Administration from the University of Kansas, and a Graduate Certificate in M & A from Rice University. She completed the UCLA Public Company Board of Director certification as well the SEC certification in IPO's and SEC reporting.
Practice Leader - M&A and Capital Markets
Paren is the practice leader of the M&A and Capital markets group at KROST. He comes with over 15 years of experience in mergers and acquisitions as well as equity and debt financings. In that time, Paren successfully completed over 50 transactions acting as both a buy-side and sell-side advisor, as well as a broker/dealer.
Paren also has 15 years of experience as a C-Level executive in several high-tech companies. He has been the CEO/COO of two Software as a Service (SaaS) companies in financial services and new media, and he has been the CFO of several companies in healthcare,marketing, e-commerce and film& television. He co-founded two companies that were successfully sold to trade buyers.
Assistant Professor of Finance
UCLA Anderson School of Management
Barney Hartman-Glaser began his teaching career as an assistant professor at the Fuqua School of Business at Duke University, teaching real estate finance and core corporate finance, before joining UCLA Anderson as assistant professor of finance in 2013.
A native Californian who hails from a family of academics, Hartman-Glaser was influenced early on to pursue a career in academia. He credits his father — a sociology professor at the University of California, San Francisco, and a real estate finance practitioner — with his current interest in real estate finance, admitting that he “learned how to use a spreadsheet before I could read.” He is also the director of research at the UCLA Ziman Center for Real Estate, with responsibility for allocating grants for research in the areas of real estate and urban economics.
Hartman-Glaser’s research applies contract and game theory to financial and real estate markets. He has conducted research on the consequences of private information in mortgage markets in which he showed that mortgage-backed securities issuers may cash in on their reputations by selling low-quality assets. He has also written on the incentives of mortgage originators to screen for good borrowers. He showed that requiring originators to retain an equity “tranche” is the most effective way to encourage good behavior.
One of Hartman-Glaser’s current projects focuses on how the development of quantitative easing can make it more difficult for low-credit quality buyers to obtain mortgages. A second paper takes a deep look at the declining share of profits that workers at large firms are receiving compared with those given to shareholders.
When not teaching or conducting research, look for Hartman-Glaser in any of Southern California’s outdoor playgrounds, where he could be surfing, cycling or backcountry skiing.