Information Package Mergers and Acquisitions Conference 2015 (MAConference 2015) Hosted By Golden Networking New York City January 16, 2015 http://MergersandAcquisitionsConference.com Facebook: https://www.facebook.com/events/369413599895188 Twitter Hashtag: #MAConference Mergers and Acquisitions Conference 2015 New York City, where… Bruce Wasserstein, the Wall Street investment banker who helped pioneer the hostile takeover in the 1980s and reshaped the mergers and acquisitions business into a high art, was ambivalent about his trade. The best rainmakers were capable men, he once said according to The Economist, but deal making also attracted “hustlers and swaggering mediocrities”. Whereas takeovers made the business world more dynamic, they also led to “pain, dislocations and blunders”. Whether deal making brings more positives than negatives is once again an important question, because it is back with a vengeance: U.S. M&A roared back to life and is up 50% this year. Deal activity is now running at its highest levels on record at estimated trillion and a half for 2014, the first time that it would cross that level for a full year. …savvy deal makers, renowned investors and inquisitive experts will bring their latest… The record run has been driven by strong demand from both domestic and foreign buyers that include Chinese investors. The value of announced U.S. domestic M&A volume, where both the buyer and seller are based locally, is up 33%. Meanwhile, the value of announced deals in which a foreign firm is buying a local one has multiplied three times from last year’s total. In fact, four of the ten biggest deals in the U.S. involve foreign buyers. Goldman Sachs has cemented its position as the top Wall Street bank for mergers and acquisitions in one of the busiest years in the business, with recent roles on two big acquisitions worth a combined $100 billion: Actavis’s $66 billion agreement to buy Allergan and Halliburton’s $34.6 billion planned purchase of Baker Hughes. On the other end of the spectrum, boutique advisory firms have also benefited seeing their share of U.S. M&A fees increased to 16%, up from just 8% in 2008. …insights for CEOs dead-set on building decades-long advantages The deal making may not slow down soon and could last at least another six to 12 months, says Joseph Perella, Chairman of investment bank Perella Weinberg Partners. How could CEOs and boards get prepared to ride the M&A wave? How can they become predators rather than prey? Golden Networking’s Mergers and Acquisitions Conference 2015 New York City, Will Wall Street’s Mega-deal Boom Keep Breaking Trillion-dollar Records in 2015?, will bring the answers for the industry’s most pressing questions. Mergers and Acquisitions Conference 2015 New York City is the first (and only) forum top executives, bankers, lawyers and investors need to attend to start 2015 off with a bang. Savvy deal makers, renowned investors and inquisitive experts will bring their latest thinking to hundreds of senior business focused on leveraging low-interest rates in America and Europe and their immense piles of cash on hand while scoring strategic touchdowns that will build decades-long advantages. Insight, Relevant and Timely Topics at Mergers and Acquisitions Conference 2015 • • • • • • • Is the latest resurgence of deal making activity the real thing? New rules for corporate tax inversions and the impact on pending deals The role of private equity and the activist hedge fund in M&A Pharma’s Gordian knot: How to fill in gaps in their product offerings Telecom M&A: More of a baby’s head on a monkey’s body? Will megatrends driving tech M&A defy uncertainty about the global economy? Is today’s M&A boom going to end badly? Is the latest resurgence of deal making activity the real thing? The deal making explosion has not been confined to just one region or industry. Activity across the three biggest markets, the US, Europe and Asia, has been strong throughout the year. Firms across these markets have started to move away from the risk aversion and organic expansion embraced in the aftermath of the global financial crisis. The belief that significant levels of growth can be more easily purchased than built is returning to the markets. Does this renewed confidence have strong pillars that will support growth? What differences exist among different markets? Which industries are set to continue carrying the M&A torch? New rules for corporate tax inversions and the impact on pending deals After a flurry of so-called inversions, in which American companies bought overseas competitors and moved their headquarters abroad to reduce their tax bills, the U.S. Treasury in September announced rules targeting the transactions that reduce the economic benefits of inversions after the fact, and in some cases, stop them altogether. How will these new rules impact ongoing deals? Are we witnessing the end of “hopscotch” loans that allow corporations to avoid dividend taxes when tapping tax-deferred foreign profits? What about the usage of “decontrolling” strategies that restructure foreign units so they are no longer U.S.-controlled? The role of private equity and the activist hedge fund in M&A Five years after the end of the financial crisis, it appears that corporations are finally willing to make big bets again. CEOs seem no longer worried about a double-dip recession or another Eurozone crisis. Instead, they are betting on growth in the years ahead, displacing private equity from the acquisitions machine’s steering wheel and partnering with activist hedge funds such as those run by Bill Ackman and Carl Icahn. Will the advantages of tax inversions continue out-muscling private equity firms? Will activist funds, more powerful than ever in America, stop unreasonable deals from going forward? Pharma’s Gordian knot: How to fill in gaps in their product offerings Healthcare has been the busiest sector in U.S. M&A in 2014. Health-care companies with deep pockets and shallow product pipelines are set for a busy time in the acquisitions front, with biotechnology firms among the most prominent targets even as they trade at record highs. Drug makers like Pfizer, Actavis, Merck and BristolMyers Squibb are dealing with patent expirations on top medicines and cutting researchers as they refocus their product development strategies. Will M&A solve pharma’s hunt for new products to fill in gaps in their offerings? Will cost-cutting synergies run their course anytime soon? Which combinations still make sense after a great run in 2014? Telecom M&A: More of a baby’s head on a monkey’s body? Telecommunications firms are seeking to bolster their footprints across the country and gain more negotiating power with content providers. Comcast’s agreement to buy Time Warner Cable was followed by AT&T’s agreement to buy DirecTV for $48.5 billion. Even media giants like 21st Century Fox, run by Rupert Murdoch, looked to deal making, in part to give them more clout to use against distributors. Will big deals really beget big deals? Will the number of players left without a dance partner catch M&A fever? Will we see more baby’s heads on monkey’s bodies? Will megatrends driving tech M&A defy uncertainty about the global economy? Ernst & Young says there are five “megatrends” driving tech M&A: smart mobility, cloud computing, social networking, big data analytics and accelerated technology adaptation. Historically, tech M&A was driven by major vendors like Hewlett-Packard, Oracle and IBM trying to expand their reach by acquiring companies to consolidate and build on established tech product families. Now it’s disruptive technology that’s in the crosshairs, as consolidation involves corporations needing to catch up in a way that they are not able to do fast enough organically. Will uncertainty about the economy stop tech leaders in their tracks? How strong is the technology M&A outlook for 2015? Are technology execs confident in their own corporate earnings? Is today’s M&A boom going to end badly? Long experiences of booms and slumps in M&A have made investors wary. Veteran fund managers and academics argue that deals satisfy executives’ vanity and enrich their bankers and lawyers, but destroy value for shareholders. Reflecting this worry, when a firm announces an acquisition its shares have tended to fall. However, since 2012 acquirers’ share prices have generally been stable or have risen, according to McKinsey. Might this time be different? Might the benefits of M&A be more evenly spread between targets and acquirers this time round? Will institutional investors act as a brake on corporate chiefs’ empire-building dreams? Will tighter regulation for too-big-to-fail bulgebracket banks restrain financing of big M&A deals? Executives Who Should Attend (I) Academics Accounting Professionals Activist Investors Asset Managers Boards of Directors Chairmen of the Board Chief Compliance Officers Chief Executive Officers Chief Financial Officers Chief Operations Officers Corporate Lawyers Corporate Strategists Deal Makers Deans of Business Schools Endowment Managers Entrepreneurs Exchange Officials Financial Analysts Financial Consultants Financiers Fund of Funds Managers General Partners Heads of Regulatory Affairs Heads of Research Heads of Risk Management Hedge Fund Managers 14 Executives Who Should Attend (II) Institutional Investors Investment Bankers Investment Managers IPO Managers LBO Specialists Limited Partners M&A Advisors M&A Lawyers Management Consultants Managing Directors Managing Partners Pension Funds Portfolio Managers Presidents Private Equity Managers Rainmakers Rating Agencies Regulators Risk Analysts Risk Managers Securities Specialists Tax Advisors Underwriters Valuation Specialists Venture Capitalists Vice Chairmen 15 Partial List of Sponsors Partial List of Media Partners 17 Golden Networking Golden Networking is the premier networking community for business, technology and financial services executives, entrepreneurs and professionals; Golden Networking’s forum and receptions have been featured in The Wall Street Journal, The New York Times, Los Angeles Times, Reuters and many other media. For more information about Golden Networking and past Forums and Receptions, please: Visit: http://www.GoldenNetworking.com Linkedin: http://www.linkedin.com/company/2633219 Follow on Twitter: @GNetworking Join our Facebook page: http://www.facebook.com/GoldenNetworking Who Attends our Business Receptions and Forums? • • Business, technology and financial services executives, professionals and entrepreneurs, interested in staying two steps ahead of their competition Breakdown of attendees by job title: o 34% Vice President Level o 28% C-Level o 22% Director - Managing Director Level o 15% Associate - Analyst - Intern Level Golden Networking's Receptions and Forums Representation (I) 1st global Abrams Associates Acceptance Capital ACTIV Financial Actualize Consulting Advanced Fund Administration AITP LLC Alaris Trading Partners Algo Engineering Alyar Global Andrew Garrett Angle Group ApeironPrime Atlantic Advisory Avatar Securities LLC Babson Capital Management Bank of America Merrill Lynch Barclays Capital Basel Asset Management BATS Global Markets BlackRock Blackstar Group, LLC Bloomberg LP Blue Star Jets LLC broadstreettrading BTIG Business Logic, Inc. 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Reuters RM Capital Golden Networking's Receptions and Forums Representation (IV) SAP Scher Financial Group Schonfeld Securities SecondMarket Serlen Corp Silver Leaf Partners Sirenum Capital LLC SLCE Architects SMB Capital Solomon Daniels SR Labs SRZ Standard & Poor's Stepwise Capital Strategies For Wealth Summa Capital Corp. Summit Financial Holdings Sunrise Securities Corp Synchroneon, Inc. Systematic Alpha Management Systematic Strategies LLC The Carlyle Group Third Wave Global Investors Three River Capital Trading Cross Connects TSIX Trading Two Sigma Investments UBS UHY Advisors, Inc Unilogic, Inc Volant Trading Wall Street Legal Consulting Washington Capital West Chester Strategic Westbrook Capital, LLC WJ. Dowd Inc. Wombat Capital WQL Consulting WTS Proprietary Trading Group X-Pen YYC Capital Management Zone Equity Group LLC Additional Information For more information, please contact: Julia Petrova Golden Networking 1-414-FORUMS0 [email protected]
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