Harvest Season for Intrepid Clients

On September 22, the Fall Equinox ushered in the dawn of autumn, reminding us once again that change is a permanent state of our condition. September capped a busy summer at Intrepid, where change and growth ruled the day. And if Fall is known as a time of harvest, our bankers were busy delivering the bounty to our clients. September 22 kicked off our harvest season with the sale of DayMen to Vitec Group plc of the UK. That deal was followed by six more closings through mid-November. By the time the Thanksgiving turkey has fully roasted, we will have closed one more transaction, bringing our harvest total to eight closed deals.

Here are some of our summer highlights and plans and prognosis for the balance of the year.

Recently Closed Deal Highlights

• Intrepid Advises GraphPad Software on its Majority Recapitalization with Insight Venture Partners

• Intrepid Advises Bear Down Brands on its Growth Investment from Topspin Partners

• Intrepid Acts as Exclusive Financial Advisor to Mercury Media, a Portfolio Company of Eos Partners, on Its Financing with Callidus Capital

• Intrepid Acts as Exclusive Financial Advisor to Ambry Genetics on its Sale to Konica Minolta in a Deal Valued at US$1 Billion

• Intrepid Announces the Sale of Lowepro® and JOBY® to Vitec Group plc

New Hires and Promotions

This summer we welcomed our 2017 Analyst Class which comprised six highly-talented analysts from Yale, Amherst, Claremont McKenna, University of Chicago and SMU. We also promoted Lauren Antion to Associate in our booming Beauty & Personal Care practice.

Looking for Talent

As we continue to build Intrepid, we are actively looking to add exceptional talent to our team in the following areas, and would be grateful for any introductions to qualified candidates:

• Healthcare Group—Managing Director to add to the leadership of our rapidly growing Healthcare advisory practice.
• Food & Beverage—Managing Director to lead the growth of our Food & Beverage advisory practice.
• Associate—We are looking to add talented Associates with experience in middle market M&A transactions.

20th Annual ACG LA Business Conference

In September, Intrepid co-chaired the 20th Annual ACG LA Business Conference that attracted over 1,500 attendees and featured former President Barack Obama as the keynote. On the first night of the conference, we hosted an exclusive cocktail reception at The Rooftop by JG in the newly opened Waldorf Astoria in Beverly Hills. We had a great time catching up with friends, clients, and colleagues. In addition, our Apparel & Retail team organized and moderated one of the best-attended panels at the conference: “Mall-pocalypse—How Digital Brands Are Disrupting the Retail Landscape”.

From left to right—Moderator, Marvin Padilla, Head of Apparel & Retail at Intrepid. Panelists included Taylor Holiday, Managing Partner at Common Thread Collective; Greg Fass, Brand Manager for MeUndies; and Gunnar Lovelace, Founder and Co-CEO of Thrive Market.

Other Events

We ended September in New York City, where we sponsored the first Beauty & Money Summit. We hope to see you at two other notable events that we will be sponsoring in November.

• The Patrick Soon-Shiong Innovation Awards–November 16, 2017
• 2017 Fashion Awards–November 29, 2017

What’s Next?

With investor and acquirer appetite pushing valuations to new highs, we enter the final quarter of 2017 with all our deal teams focused on closing several transactions before year-end, and preparing a new crop of opportunities to enter the market in the new year.  We look forward to sharing with you the news as we gear up for an exciting year end.

Wishing you all the best for the Holiday Season,

Your friends at Intrepid