Events

Gary Rabishaw, Head of Commercial & Consumer Technology

Innovation, new opportunities, and rapid growth are a top priority in today’s technology world. Technology and digital media companies continue to transform and inspire our local and global economies. The future of this expansive market of everything from big to smaller players across AI/ML, self-driving technologies, SaaS, the Internet of Things, information services and more, is full of opportunity and excitement for investors, but with that comes risk. Technology changes quickly and to be successful, it is essential to anticipate opportunities and have the ability to respond at a rapid pace.

Christopher Park, Head of Software & Services

Intrepid’s Technology & Digital Media Group recently hosted a half-day event on “Investing in Technology” at the Oaklins Los Angeles Conference that discussed emerging trends in technology investing, such as valuation trends, competition, the keys to picking winners, and how to stay disciplined in a robust market.

Gary Rabishaw, the Head of Intrepid’s Commercial & Consumer Technology practice opened the event that featured Brenon Daly of 451 Research, who shared his insight into the current M&A market. Christopher Park, the Head of Intrepid’s Software & Services practice moderated a panel that included Dan Groen, Managing Director at Clearlake Capital Group; Jeff Haywood, Managing Director at Spectrum Equity, and Eunji Chung, Vice President at Summit Partners.

Key discussion topics included understanding the landscape for technology M&A and investing in the U.S. and overseas, the state of the market—a look at opportunities across broad technology sectors, as well as investment themes, valuation trends and drivers.

Intrepid is the Los Angeles-based member of Oaklins, a global middle-market investment banking organization comprising 60 offices in 40 countries and more than 800 M&A professionals. Oaklins is ranked No. 1 in Mergermarket’s 2018 Global league tables for transactions from $5 million to $250 million. The event was attended by M&A bankers from all over the world and deal professionals and featured companies from the local LA tech M&A community.

We are in the midst of an unprecedented wave of healthcare mergers and acquisitions (M&A) activity.

Please join us on Tuesday, December 4th for a webinar co-hosted by Intrepid and RSM, the discussion titled: “Perspectives from Both Sides of the Table: Preparing Your Business for A Transaction.” The session will discuss best practices that business owners should pursue to prepare them for a possible future M&A event. They will share lessons learned from both buyers and sellers and recommend steps business owners can take today to reduce risk and maximize value.

The session will feature corporate, transactional and accounting leaders which include: Ernie Varvoutis, Executive Vice President M&A, at Team Health, Robert Chilton, Chief Operating Officer, at Ovation Fertility, Christopher Brown, Director, Healthcare M&A, at RSM, Jonathan Bluth, Senior Vice President, Head of the Healthcare Group at Intrepid, and Adam Abramowitz, Managing Director, at Intrepid.

Webinar Details
Tuesday, Dec. 4, 2018
1 p.m. EST | Noon CST
60 minutes

To register for the event, click here.

Intrepid’s Head of Healthcare, Jonathan Bluth is speaking at the upcoming ACG 2018 SoCal Capital Summit. Join Jonathan and other industry leaders on November 14 for a panel discussion on “M&A Healthcare Trends, Challenges, and Opportunities,” where they will examine trends, challenges and opportunities in healthcare M&A.

Jonathan Bluth, Intrepid’s Head of Healthcare.

Event Details

Wednesday, November 14, 2018 4:30 PM – 8:30 PM PST
4:30 PM – 5:30 PM – Networking and hors d’oeuvres

5:30 PM – 6:30 PM – Breakout Sessions:
– Healthcare
– Food & Beverage
– Aerospace & Defense

6:30 PM – 7:30 PM – Keynote Presentation – Jeff Bush, The Washington Update
7:30 PM – Dessert and networking

Marriott Irvine
18000 Von Karman Avenue
Irvine, CA 92612
United States

M&A continues to be a driver of change and innovation in the dynamic healthcare sector for both strategic acquirers looking to accelerate growth and private equity sponsors looking for their next great investment.

Intrepid’s Healthcare Group led a dynamic panel discussion at the recent ACGLA Business Conference with senior private equity leaders and corporate executives regarding the opportunities and pitfalls in healthcare M&A today. Adam Abramowitz, Managing Director, introduced the panel and touched on the current healthcare environment while Jonathan Bluth, Intrepid’s Head of Healthcare, moderated the session. Here are some highlights from the dealmakers and where they might find the next wave of opportunity.

Implementing Value-Based Care in the Middle Market

More and more provider groups are transitioning from fee-for-service to value-based care, which represents a challenging development for middle-market investors to incorporate into their modeling and valuations. It may not be the ideal strategy for all private equity sponsors to underwrite such a revenue model change into a valuation case without serious conviction of a successful transition. Migrating to value-based care necessitates robust financial reporting, sophisticated operations, and sufficient technology infrastructure to ensure successful, win-win outcomes. However, to maximize their valuation and options, panelists felt that all providers should develop a strategy on how to address value-based care in their sectors, regardless if it remains a small part of their business models today.

Innovation Can Provide Many Answers

Panelists expressed excitement to invest in and or acquire companies harnessing innovation within healthcare that is driving patient/consumer engagement, improving care management and enhancing outcomes. These innovations can increase efficiencies and reduce costs thereby creating attractive value propositions and M&A rationales. Further, new patient engagement technologies can improve data capture for outcomes analysis as well in niche areas like clinical trial recruitment. Despite their excitement, some panelists remained hesitant about pushing the innovation envelope too far and believed “tried and true” care models with proven track records of quality care will remain high on buyers’ wish lists.

Models That Address Healthcare Spend Will Win

American healthcare spending is broken. Investors and acquirers alike are highly interested in proven and emerging care models that can significantly reduce spending while offering great patient experiences and high clinical care. Panelists discussed the importance of addressing all key stakeholders in the system and how a winning healthcare business provides value to payors, patients and providers. Solve for the “3Ps,” and you will be at the top of everyone’s wish lists.

Continued Shift Towards Quality

In this active and competitive M&A market, panelists discussed how lofty valuations are pushing them to focus on only the best assets, both operationally and clinically. To justify the premium valuations necessary to win deals, acquirers want comfort when they are partnering with top-tier companies with strong management teams, high-quality operations, and clear pathways for near- and long-term growth.  But, they also shared that buyers are placing increased scrutiny on outcomes and quality of care. Diligence processes have dramatically increased scrutiny and companies that don’t “check the boxes” may not garner premium valuations and a multitude of transaction options. Preparation is vital—so potential sellers should strongly consider completing a sell-side ‘Quality of Earnings Report’ and, in some cases, a coding audit before launching an M&A process.

Panelists

• Jonathan Gluck, COO and General Counsel, Heritage Provider Network
• Anil Asnani, Senior VP of Corporate Development, LabCorp
• David Alpern, Founding Partner, Varsity Healthcare Partners
• Scott Kauffman, Principal, Northlane Capital Partners

Event Details

Wednesday, Sept. 26, 2018

ACGLA Business Conference

Beverly Hilton

9876 Wilshire Blvd.

Beverly Hills, CA 90210

Intrepid’s Head of Capital Markets, Jonathan Zucker, was a featured panelist at the ACG LA Emerging Companies conference, where he discussed the Art of Getting the Deal Done.

Pipelines are bursting at the seams, capital is readily available, and there is no shortage of viable targets. In an era of increased demands from Wall Street to Main Street how is capital being deployed, what is the reality of transactions and transactional value in the current environment? What is the state of fundraising and how are brands aligning with capital providers? Expert panelists discussed the triggers that can be expected the balance of this year and shared their crystal ball assessment of the transaction landscape in the next one to two years.

Panelists

• Kelly Anderson, CFO, Partner, CSuite Financial Partners
• David Baram, Co-Founder, VMG Partners
• Jonathan Zucker, Head of Capital Markets, Intrepid Investment Bankers
• Moderator: Zac Turke, Partner, Sheppard Mullin

Event Details

Thursday, June 14, 2018

To view the agenda for this event, click here.

4:30 p.m. – 5:15 p.m. — Panel Session

City Market Social House
1145 South Pedro St.
Los Angeles, CA 90015

Surging healthcare costs and transformative transactions are driving the national conversation. Powerful speakers from across the healthcare domains will join together at UCLA Anderson’s annual Healthcare Conference to share their thoughts on recent developments and their vision of how the healthcare landscape will change in the coming years.

Join us on Saturday, February 24th at UCLA Anderson’s annual Healthcare Conference as Intrepid’s Head of Healthcare Jonathan Bluth moderates the panel session titled: “The Entrepreneur’s Life Cycle”. The session will feature Emerge Diagnostics’ Chief Executive Officer Robert Thompson; Casetabs’ Chief Financial Officer/Chief Operating Officer Mike Nolan; and Stasis Labs’ Founder and President Michael Maylahn.

Event Details

Saturday, February 24, 2018
8 a.m. – 9 a.m. — Registration and Breakfast
9 a.m. – 3:30 p.m. — Conference Panels and Lectures

Click here to learn more about the conference.

11:15 a.m. – 12 p.m. — The Entrepreneur’s Life Cycle
3:30 p.m. – 4:30 p.m. — Networking Reception

UCLA Carnesale Commons
251 Charles E Young Drive West
Los Angeles, CA 90095

To register for this event, click here.

Jonathan Bluth, Intrepid’s Head of Healthcare, will be a featured speaker at the upcoming Nixon Peabody Private Equity Outlook event.

Intrepid’s Head of Healthcare Jonathan Bluth is a featured speaker at the upcoming Nixon Peabody Hot Topics in the Middle Market series. Join us on February 8th for a complimentary roundtable discussion where industry leaders will discuss emerging trends that are shaping healthcare investing right now and forecast some of the industry sectors that could generate the most interest from private equity in the year to come.

Want to prepare for the upcoming session? Click here to read a recent blog that highlights some of Intrepid’s observations about themes that could shape Healthcare M&A activity in 2018.

Event Details

Thursday, February 8, 2018
6 PM — Registration and Networking
7 PM — Roundtable Discussion
8 PM — Wine and Hors D’oeuvres Reception

Nixon Peabody LLP
300 S. Grand Ave., Suite 4100
Los Angeles, CA 90071

Join our Head of Capital Markets, Jonathan Zucker, who is a featured panelist at the upcoming Turnaround Management Association’s “2018 Forecast: What’s Happening Inside our Restructuring World?” where he will discuss the state of the capital markets and other relevant issues expected in 2018.

Jonathan and his team were recently awarded the Refinancing Deal of the Year (Under $250 Million) for the refinancing of Mercury Media with Callidus Capital (TSE: CBL) by The M&A Advisor.

Panelists

Jonathan Zucker, Senior Vice President, Intrepid Investment Bankers

Alex Kasdan, Senior Managing Director, DelMorgan & Co. (Moderator)

Alex Raskin, Director – Financial Restructuring Group, Houlihan Lokey

Winston Mar, Partner & Managing Director, Sierra Constellation Partners

To read the announcement, click here.

Thursday, January 18, 2018