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DAY ONE: Nov. 30, 2011 | |
| 3:00 - 9:00pm 3:00 - 4:00pm 4:00 - 4:15pm 4:15 - 5:30pm |
Transformative M&A Dinner Program & Awards Ceremony Closing Bell Ceremony Ringing of the Bell Roundtable: Transformational Deals -- Accelerating Activity, Capturing Growth With ample cash on hand and urgent strategic challenges to meet, big companies are returning to the deal market, better prepared than ever to use M&A as a key growth strategy. How are they applying the lessons of past cycles this time around, and what mistakes are they looking to avoid? Where is revenue growth coming from? (Available by simulcast only) Mark Bradley, Chairman, Global Financial Sponsors Group, Morgan Stanley Dave Johnson, Senior Vice President, Corporate Strategy, Dell James D. Rosener, Partner in Charge, New York and International Practice Group, Pepper Hamilton LLP Scott M. Sperling, Co-President, Thomas H. Lee Partners Moderator: Suzanne Miller, Editor, Corporate Dealmaking, The Deal LLC |
| 5:30 - 6:05pm 6:05 - 6:15pm 6:15 - 7:00pm 7:00 - 8:00pm 8:00 - 8:50pm |
Opening Reception Featured Emcee: Brian Sullivan, News Anchor, CNBC NYSE Welcome Scott Cutler, EVP and Co-Head, U.S. Listings and Cash Execution, NYSE Euronext Special Onstage Interview Duncan Niederauer, CEO and Director, NYSE Euronext Stefan Selig, Executive Vice Chairman, Global Corporate and Investment Banking, Bank of America/Merrill Lynch Dinner Town Hall -- Transformative M&A Facilitator: Suzanne Miller, Editor, Corporate Dealmaking, The Deal LLC Co-Facilitator: Greg Psihas, Vice President, Mergers & Acquisitions, Applied Materials |
DAY TWO: December 1, 2011 | |
| 7:30am | Roundtable Registration and Breakfast |
| 8:00 - 9:45am |
Roundtable Discussion: The Deal Economy 2012: Promises, Possibilities and Pitfalls The year started promisingly. The economy was growing, interest rates were low and there was liquidity for deals and for debt refinancings. Then came the debt ceiling fight, the U.S. credit downgrade and deepening euro-zone problems. By August, markets were tightening again and dealflow slowed. Still, the U.S. economy fared better than many expected and companies are still flush with cash, convincing many that, with a little luck and a lot of skill, better times could lie ahead. (Available by simulcast only) Donald G. Drapkin, Chairman, Casablanca Capital LLC Richard M. Jeanneret, Americas Vice Chair, Transaction Advisory Services Ernst & Young LLP Robert A. Profusek, Partner, Jones Day David Mussafer, Managing Partner & Co-Chairman, Executive Committee, Advent International Mark Shafir, Head of Global M&A, Citigroup Leo E. Strine Jr., Chancellor, Delaware Court of Chancery Moderator: Tyler Mathisen, "Power Lunch" Co-Anchor, Vice President,Strategic Editorial Initiatives, CNBC |
| 7:45am 10:00am 10:10am |
General Conference Registration Chairman's Welcome and Opening Remarks Kevin Worth, President & CEO, The Deal LLC 30-Year Retrospective Michael D. Fascitelli, President, CEO and Trustee, Vornado Realty Trust Steve Pagliuca, Managing Director, Bain Capital Moderator: Kayla Tausche, Reporter, CNBC |
| 10:50am 11:05am |
Refreshment Break |
| 12:15pm |
Lunch Sealing the Deal--Or Shopping in the Next Bubble? For the new pillars of the Social/Mobile Economy -- Facebook, Google, Groupon and Zynga -- making the right acquisition can be as important as building the right product. The good news for these titans is that their own valuations have soared since the meltdown bottomed in March 2009, giving them the heft and the currency to make new deals. The bad news is that the valuations of the upstarts they want to buy have skyrocketed, too, far in excess of anything justifiable by old metrics (price-to-earnings multiple? Fuhgeddaboudit!). In this bubbly-again era, how does a buyer distinguish real value from giddy buzz? How do you know you're buying the next Facebook -- and NOT the next MySpace? In the last tech bubble of 2000, myriad megadeals ended up nowhere: Yahoo! paid $5.7 billion for Mark Cuban's Broadcast.com ... and where is that today? Even savvy shoppers can falter: Google bought Dodgeball, a location-couponing wireless play, and let it languish while Dodgeball's founders left and formed a copycat: Foursquare, similarly named for a playground game. All of it, moreover, may miss a key point: Google was not built from a billion-dollar acquisition of hundreds of gifted engineers -- it started with just two geeky guys still in school at Stanford. Mike Brown, Director, Corporate Development, Twitter Aaron Crum, Principal, Corporate Development, Google Moderator: David Kirkpatrick, Author, The Facebook Effect, and CEO, Techonomy Media |
| 1:45pm 1:50pm |
Session Switch Break Regulation: What Have We Wrought? A torrent of new rules for Wall Street and U.S. banks has been unleashed. From hedge fund and investment adviser registration to proprietary trading, consumer protection and capital reserve limits, almost every business of financial services firms is subject to new restrictions under Dodd-Frank. This session examines the regulatory impact on the deal economy and the effects on commercial and investment banks, derivatives traders and more -- and whether the new order will serve its intended purpose. Richard Feinstein, Director, Bureau of Competition, Federal Trade Commission Hal S. Scott, Nomura Professor and Director, Program on International Financial Systems, Harvard Law School; Director, Committee on Capital Markets Regulation Leo E. Strine Jr., Chancellor, Delaware Court of Chancery Moderator: Bill McConnell, Bureau Chief, Washington DC, The Deal LLC |
| 2:35pm | Upstairs, Downstairs: Private vs. Public Markets The roaring success of Facebook Inc. and Twitter Inc., iconic companies that have raised huge sums while remaining privately held, raises new questions about the wisdom--or lack of it--of going public. At publicly held firms, passive institutions can leave a publicly held company subject to the whims of raiders or activist shareholders holding tiny stakes. At smaller public firms, the costs of complying with Sarbanes-Oxley can limit growth. As a result, many companies have opted to go the private route, either through a buyout or by remaining private and using firms such as SecondMarket Holdings Inc. or Goldman, Sachs & Co. to trade their shares privately. Does this shift from the public model represent a public policy problem by keeping shares of some of the best companies from ordinary investors? Is it a part of the larger inequality debate? And what does this say about the promise of shareholder democracy? Listen to a conversation about tradeoffs in corporate models--the ups and downs of being public or private and how the evolution of corporations shapes larger debates about fairness and efficiency. Scott Cutler, EVP and Co-Head, U.S. Listings and Cash Execution, NYSE Euronext Thomas R. Evans, President, CEO & Director, Bankrate Deborah A. Farrington, Founder and General Partner, StarVest Partners Barry Silbert, Founder and CEO, SecondMarket Moderator: Robert Teitelman, Editor-in-Chief, The Deal LLC |
| 3:20pm 3:40pm |
Refreshment Break Research Spotlight: The Big Deal About Big Deals Robert Uhlaner, Senior Partner, McKinsey & Co. |
| 4:00pm | Emerging Markets and Global M&A China and India continue at breakneck speed. Brazil is accelerating. Frontier markets are coming on fast, from Argentina to Vietnam, Turkey to South Africa. Deals surged in emerging markets last year and show few signs of slowing down in 2012. What geographies will be hot? Which are cooling off? CEOs and dealmakers share their thoughts on capital flows, M&A and transformational deals in emerging markets. Edward Braham, Partner/Global Head of Corporate Practice, Freshfields Bruckhaus Deringer Bob Henning, Corporate VP, Strategic Finance & Corporate Development, FedEx Corporation David M. Marchick, Managing Director, The Carlyle Group Ravilochan Pola, President & CEO, Kotak Mahindra Moderator: Matt Miller, Editor-at-large, The Deal LLC |
| 4:45pm | Onstage Interview Gary Loveman, Chairman, CEO and President, Caesars Entertainment Corporation Interviewer: Scott Wapner, Host,"Fast Money Halftime Report," CNBC |
| 5:15pm | Session Switch Break |
| 5:20pm | The Midcap Machine: Revving Up The Growth Cautious optimism is all the rage for middle market growth. For companies with less than $50 million Ebitda -- the bulk of the corporate economy -- M&A and financing activity continue to chug along, fueled by strategic buyers and private equity firms alike. However, the slow economic recovery and tentative credit markets have heightened the divide between companies whose valuations and revenues have revived and those dragged down by weak markets. So what's in store for the sector that proved the most resilient during the Great Recession? Which industries look set to see the most activity? And what will role will private equity play? Our panel of mid-market mavens will predict where the best opportunities and toughest challenges lie for buyers and sellers. Steven B. Klinsky, Managing Director, Founder and Chief Executive Officer, New Mountain Capital Stephen Murray, President & CEO, CCMP Capital Advisors Brent Gledhill, Global Head of Corporate Finance, William Blair & Co. Ted Virtue, CEO, MidOcean Partners Moderator: Vyvyan Tenorio, Assistant Managing Editor, private equity, debt financing, special reports, The Deal LLC |
| 6:00pm | Keynote: Dana White, President, Ultimate Fighting Championship |
| 6:30pm | Chairman's Closing Remarks Kevin Worth, President & CEO, The Deal LLC |
| 6:35pm | Cocktail Reception on the Trading Floor of the New York Stock Exchange |
| 7:35pm | Close of Day 2 |
