Sunday, March 25, 2007

For those of you who want to get into Private Equity after school, CBS has a great deal of access to the PE community by virtue of its location (NYC). Here are a few events going on in the next couple of weeks that will get you aspiring LBO kings excited :)

E&Y Educational Seminar - Transaction Structures: Advance Tax Concepts
Material will be presented by Partners from E&Y’s Transaction Services Group

Material Covered Will Include:
Section 338(h)(10) Transactions
Common Forms of LBO Transactions - Selected Issues
Shareholder and Management Rollovers
Preferred Stock OID -phantom income issues
Deductibility of Interest
Limitations on Utilizing Target’s NOL and Credit Carryovers
Note: Attendees are expected to have some experience dealing with intermediate and advanced tax issues. The material will not cover basic tax concepts.

E&Y Educational Seminar – Financial Statement Risks and Exposures
Material will be presented by Partners from E&Y’s Transaction Services Group

Description: Whether you are buying or selling a company, it is becoming more crucial to understand how accounting impacts a company's financial statements and the contemplated transaction. Even though a company's financial statements may be audited and prepared "on accordance with GAAP", alternative accounting treatments may have vastly different impacts on revenue, margins, EBITDA, working capital and capex. It is important to understand these alternative treatments and how they impact a transaction. The discussion on Financial Statement Risks and Exposures will help you identify where to look for these issues.

Panel Discussion: “PE funds accessing the public capital markets”

Topics will include: Why PE funds are seeking access to the public markets, what advantages/disadvantages exist for a public fund, how conflicts of interest might arise between traditional funds and publicly backed funds, how Special Purpose Acquisition Corporations (“SPAC”) and Business Development Corporations (“BDC”) work, and what types of funds are best suited for these vehicles.

Panelists are:
Professor Colin C. Blaydon, William and Josephine Buchanan Professor of Management Director, Center for Private Equity and Entrepreneurship Dean Emeritus

Julie Spellman, Partner Cravath, Swaine & Moore LLP

Jason Block, Partner AlpInvest Partners

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