Transaction-Advisory-Services-Events-2009 - Ernst & Young - United States

The Corporate Development Conference: Strategies for a challenging economy
April 22-23, 2009
The InterContinental The Barclay NY in New York City

With the global economy working through a severe downturn, corporate development officers (CDOs) and their teams have much to contribute to their organizations – but face a range of tough issues and constraints. This year's Conference Board event, The Corporate Development Conference: Strategies for a challenging economy, offers corporate development professionals and other transaction leaders and team members an opportunity to learn from some of the nation’s leading CDOs.
In sessions focusing on the transaction market landscape, global M&A, the global deal team, valuation in multinational deals, defensive strategies and repurposing corporate development for challenging times, panelists will consider ways to best manage global corporate development today. They will also explore key aspects of strategic corporate development, including the CDO’s role in corporate strategy, how to tailor divestitures to buyers, integrating opportunistic transactions, alternative deal structures in today’s tight credit market and defensive strategies.

To register, visit The Conference Board website at www.conference-board.org/cd or call: +1 212 339 0345, 8:30 am to 6 pm ET Mon-Fri. Please click here (pdf, 219K) to view the final agenda for the conference.

If you have any questions, please contact Michelle Horner at 212.773.4129.

Today's market conditions and economic environment present major challenges to businesses in the areas of valuation for impairment and mark to market measurement. The continuing business slowdown weighs heavily on asset-carrying values. Determining the value of a company, its business units, properties, securities or other elements can be a critical need to meeting regulatory requirements and stakeholder demands. But this is difficult to do in the current volatile market. Key issues for discussion: how to mark to market, test for impairment, value a going concern, value debt instruments, and separate credit risk from liquidity.

Click here if you would like to register for this webcast.

If you have any questions, please contact Michelle Horner at +1 212 773 4129.

Ernst & Young is pleased to sponsor this annual event, organized by New York University’s Leonard N. Stern School of Business and the Stern Private Equity Club. The event connects New York University's faculty, students, alumni and industry professionals to explore the evolving issues impacting the industry.
Keynote speakers include Richard Friedman, Managing Director & Head of the Merchant Banking, Goldman Sachs
Conference panels include:
Fundraising and Capital Flows: Attracting Investors to New Opportunities
Venture Capital: Navigating the Current Landscape
Challenges and Opportunities in Distressed Investments and Restructuring Middle Market LBO and Changing Capital Structures

For more information about the conferences, please contact Kathy Farrell at + 1 203 674 3208 or visit the conference website.

In the face of the economic downturn many large companies are considering divestments. Liquidity and solvency needs are driving organizations to sell non-core and underperforming businesses. Cautious buyers - many from new markets - demand foresight and innovation. Rigorous portfolio management and deal preparation are critical.
Sellers are confronting market uncertainty by pursuing not only full divestments but also joint ventures and spin-offs.
Buyers are increasingly expected to be from Asia Pacific and the emerging markets. Cross border/global transactions make divestments less straightforward.
These are among the insights provided by the 360 US$1b+ companies that participated in our 2009 global divestment study.

Click here to view the archive of this webcast

Ernst & Young PE Center is a proud sponsor of this annual event, which is organized by the students of the Harvard Business School Venture Capital & Private Equity Club. The conference attracts a strong interest among industry professionals, students, alumni and faculty. Through keynote addresses by distinguished industry leaders as well as numerous topic-specific panel discussions, the conference aims to address the key issues and trends relevant to venture capitalists, private equity investors, entrepreneurs and those who support the venture capital and private equity communities. Attendees will have the opportunity to gain insights from, pose questions to and network with leading investment professionals representing a diverse group of firms, markets and geographies. Ernst & Young will
Keynote speakers include: David Rubinstein, Co-Founder and Managing Director, The Carlyle Group; David Skok, General Partner, Matrix Partners; and Steven Klinsky, Managing Director, Founder and Chief Executive Officer, New Mountain Capital, LLC.

For more information about the conferences, please contact Kathy Farrell at + 1 203 674 3208 or visit www.cbspevcconference.com

Ernst & Young TAS NESA is pleased to again sponsor this annual event, which is organized by the students of Columbia Business School’s Private Equity and Venture Capital Club and The Private Equity Program. The conference, which seeks to educate and provide a forum for interaction, will draw some 700 professionals, alumni and students for discussions on emerging trends in the private equity and venture capital communities. In addition to three prominent keynote speakers and several panel discussions, the event will include, for the first time, three panels featuring case studies, exploring the fruitful relationships that can exist between management and their private equity and venture capital financial sponsors, as well as third party advisors. Northeast Transaction Integration Leader John Vester, who has co-lead the North American "How do private equity investors create value?" study for the past two years, will serve as a panelist on the "Case Study: The Carve-out of Dialogic from Intel" session.
Keynote speakers include: George Fisher, Senior Advisor, Kohlberg Kravis Roberts & Company; J. Christopher Flowers, Founder, J.C. Flowers & Co.; and Robert Pittman, Founder, Pilot Group, LLC. Clients/contacts participating include: OCAs, Apollo, Morgan Stanley and ING, and priority accounts, Calpine Corporation, Investcorp, New York Life and TIAA-CREF.

For more information about the conferences, please contact Kathy Farrell at + 1 203 674 3208 or visit www.cbspevcconference.com

Navigating today's turbulent economic environment will require creative thinking to deal with the complex business issues it has created. One way to gain competitive advantage is to thoroughly understand the sectors in which you invest.
Join Ernst & Young as we discuss market trends and complexities for three very different sectors- financial services, automotive and pharmaceuticals-and offer insights on how to navigate this current unstable environment.

Click here to register for this webcast.
If you have any questions, please contact Michelle Horner at +1 212 773 4129

While many companies have re-evaluated their growth strategies, growth by acquiring other businesses remains a common and continuing strategy. In fact, for some industries, acquisitions have become very favorable, with the successful execution of strategic transactions being a crucial business challenge for leading firms in sectors such as telecoms, utilities and media. However, changes in the accounting for acquisitions, as a result of the IASB issuing a revised IFRS 3, will affect many deals that businesses may be currently negotiating. While accounting reflects the result of an acquisition, the way in which it is accounted for can provide a different picture from the one intended. Therefore, the accounting should be considered at the time any arrangement is negotiated to make sure the agreed-upon terms are accurately reflected in financial statements. Due to the accounting changes, particular areas that may cause concern in your future transactions include the following:
Contingent considerations
Step acquisitions
Acquisitions where minority interest will exist
Transactions costs
Indemnities
All such listed activities affect subsequently reported results - which are often the way success of an acquisition is measured. Join Lynda Tomkins, of Ernst & Young LLP in the UK and part of Ernst & Young's Global IFRS Services, as she discusses with a panel of experienced professionals how changes in accounting for a business combination will affect how you negotiate your future arrangements.
Click here to register for this webcast.