For a number of years now the middle market has been one of the most active segments for mergers and acquisitions. Though the middle market has for some time been mostly occupied by middle market firms and mid-cap public companies, the deal world continues to see larger private equity firms tapping into the middle market with either mid-cap specific funds or some sort of allocation from a large cap fund. At the same time, large strategics are also dipping their toes into the bustling waters of the middle market as they look to add new technologies, systems or business lines to their legacy businesses. Much of the appeal of the middle market is growth, as both strategics and financial sponsors attempt to find growing and/or consolidating industries to put dry powder to work. As we await the return of the megadeals of yesteryear, we can be sure the middle market will be a robust space for dealmakers. Yet two pivotal questions remain on everyone’s minds: In 2018, which sectors will set themselves apart from the rest and in what geographies will they thrive the most?

Moderator


 

Tom Terrarosa
Reporter
The Deal

Tom Terrarosa covers the energy and industrial sectors for TheStreet and its institutional arm The Deal, focusing on M&A and private equity, as well as large-cap stocks. Prior to joining The Deal, Tom was a regional digital producer with Gannett, where his primary responsibilities included editing and optimizing content for the company’s six New Jersey newspapers and five affiliated websites. He also has worked as a local news reporter with The Dominion Post in Morgantown, W.Va. Tom received a Bachelor of Science in Journalism from West Virginia University

Expert Panel


 

Michael Ingrassia
Senior Counsel, Strategic Transactions
Mastercard International

Michael is the Vice President and Senior Counsel for Strategic Transactions / Global Mergers & Acquisitions at Mastercard International. He is responsible for managing a broad array of transactions for Mastercard, including acquisitions, divestitures, joint ventures, investments and other strategic transactions that support Mastercard’s global operations.

Christopher Schenkenberg
National Managing Partner, M&A Tax Services
Grant Thornton

Chris is the National Managing Partner, M&A Tax Services, and has more than 23 years of public accounting and transaction experience. His extensive deal experience includes a wide variety of transactions across numerous industries, ranging from lower middle-market acquisitions of privately-held businesses to multi-billion dollar transactions involving public companies. Chris advises both private equity sponsors and strategic buyers and sellers of businesses and has significant technical expertise in the areas of acquisition structuring, divestiture planning, tax attribute assessment, and tax accounting methodologies. He has worked on various transactions conducting tax due diligence investigations, including domestic and cross-border transaction planning.

Derek Lim
Director
Ardian

Derek Lim joined Ardian in 2016. Before that he was a Principal at Seven Mile Capital Partners since 2014. Prior to joining Seven Mile Capital Partners, Derek was a Vice President at Apax Partners where he evaluated investments in the digital media, business services and retail & consumer sectors. Previously, Derek was an Associate at Fenway Partners where he focused on middle market investments in the branded consumer, transportation and logistics sectors. Derek began his career as an Investment Banking Analyst in the M&A group at Citigroup. He has an M.B.A. from The Wharton School, University of Pennsylvania, B.A., Economics, Occidental College, cum laude. Ardian is a world-leading private investment house with assets of US$66bn managed or advised in Europe, North America and Asia. The company is majority-owned by its employees, working from twelve offices across Europe (Frankfurt, Jersey, London, Luxembourg, Madrid, Milan, Paris and Zurich), North America (New York, San Francisco) and Asia (Beijing, Singapore). .