In any environment, valuing a company truly is an art and not an exact science. The COVID landscape has presented new challenges for deal-makers of all shapes and sizes. So, how are buyers in the middle market approaching valuation in this new world?
- What is changing in their valuation models?
- Are EBITDA multiples going to be adjusted?
- Will deal structures change?
- Will there be COVID add-backs?
- What will it take to complete transactions in 2020 and beyond?
For answers to these questions and more, we have assembled a panel of two private equity buyers and a seasoned corporate development executive, who will discuss these questions. Afterward, we’ll break into groups for networking.
- When: 10-11:30 a.m., July 28
- Where: Virtual
- Deadline to Register: 8 a.m., July 28
Jabbar Abdi, managing partner, Sidereal Capital Group
Jabbar Abdi is a managing partner of Sidereal Capital Group, a Summit-based boutique private equity investment firm that focuses exclusively on lower middle-market companies operating within well-defined niches within the manufacturing and industrial services sectors. He is experienced in all aspects of the investment process and has broad sector experience, including value-added manufacturing and business services. He has represented Sidereal on the board of directors of UC Coatings and Flexo Transparent.
David Blaskey, senior vice president, development and integration, Avis Budget Group
David Blaskey has over 30 years of experience in all financial planning, transactional and integration areas. He is senior vice president, corporate development, of the Avis Budget Group. Prior to joining ABG, Blaskey worked in the same capacity at the parent company, Cendant Corp. ABG was created when Cendant separated into four separate independent companies in 2006.
Polly Mack, regional director, the Riverside Co.
Polly Mack serves as regional director of origination covering the Mid-Atlantic for the Riverside Co. With nearly $9 billion in assets under management, the Riverside Co. is one of the largest and oldest global private equity firms. Riverside makes control and non-control investments in companies with enterprise values up to $400 million. Since its founding in 1988, Riverside has invested in 700 transactions, and currently has a portfolio that includes more than 100 companies worldwide. The firms’ specializations include health care, education and training, manufacturing, tech-enabled business services, software, consumer, and franchising. Mackworks across all of Riverside’s North American private equity funds to support deal origination for both platform and add-on investments.
Moderator: Michael Lavelle, partner, Appraisal Economics
Michael Lavelle is a partner at Appraisal Economics, where he has been performing and supervising valuations for 14 years. He has performed valuations in connection with numerous middle market M&A transactions, as well as billion-dollar publicly traded companies. He has testified as an expert witness and given presentations about the cost of capital, market dislocations and other valuation matters. Some of his clients have included Berkshire Partners, Blackstone and KKR. He is the past president of the American Society of Appraisers’ North Jersey chapter, a CFA charter holder and an adjunct professor of finance at The College of New Jersey.
For more on the speakers, click here.