Levenfeld Pearlstein and Fuel Break Capital Partners Host 3rd Annual Dealmakers Summit
May 3, 2011
FOR IMMEDIATE RELEASE
For more information, contact:
Jason Milch/ 312-379-9406
Andrea Crews/ 312-476-7545
CHICAGO – Levenfeld Pearlstein LLC and Fuel Break Capital Partners hosted their 2011 Dealmakers Summit on April 26 at Levenfeld Pearlstein’s Chicago offices. Approximately 60 investment industry professionals attended the conference, an annual event that Levenfeld Pearlstein co-hosts for its private equity and venture capital clients and other industry contacts.
Now in its third year, the invitation-only conference provides a “safe forum for private equity professionals and advisors focusing on middle market deals to share their experiences, including the bad and the ugly,” said Russell Shapiro, head of Levenfeld Pearlstein’s Corporate Practice Group.
Each year, the conference features principals from leading firms and financial institutions, participating in interactive panel discussions covering a variety of timely topics related to deal sourcing and fundraising as well as operational strategies and best practices.
Gene Berg, senior principal of Echelon Capital LLC, delivered the keynote address, sharing his personal experiences from the “front lines” of the deal world and discussing how private equity investors are currently putting equity/debt financing in place to make deals happen. He also addressed operational issues that private equity investors need to be concerned about in the “new economy”.
During his address, Berg noted that one of the major strategic initiatives that U.S. manufacturing companies need to consider is how to successfully do business in China. Berg said that his firm’s approach is to provide direct ownership in a locally organized venture to make sure that their Chinese operations provide a stable, reliable supply and production chain to support the US-based operations. Berg also stressed the need for firms to be disciplined in their approach to the current deal market and not to stray from their core investing values.
Following Berg’s address, two panel discussions further explored the topics he had touched on. These discussions were moderated by Levenfeld Pearlstein partners Michael St. Peter and David Solomon. Panelists included senior executives from Summit Investment, Independence Equity, Expedition Capital Partners, Granite Creek Partners, The Peakstone Group and Aquion Inc. The event concluded with an interactive discussion about deal best practices and “lessons learned”, led by Rick Rosenbloom, founder of Fuel Break Capital.
“The fact that we have so many of the same people in the room for three years in a row suggests that our clients and friends appreciate the opportunity to share their experiences and network with their peers. The participants also find value in discussing and implementing ‘best practices’ as the deal market begins to heat up again.”
About Levenfeld Pearlstein LLC: Recognized in 2009 as one of the nation’s most innovative mid-sized law firms by The National Law Journal’s “Midsize Hotlist”, Levenfeld Pearlstein, LLC (lp.productiveedge.com) provides Unusually Good legal counsel and business advice to sophisticated clients in matters involving corporate and securities law, real estate, and litigation. The firm’s business-first approach helps clients to proactively address, solve and move past their problems so that they can quickly return to doing what they do best. With nearly 60 attorneys and offices in Chicago and Northbrook, Ill., the firm possesses the resources and depth to manage the most complex matters, while ensuring that the needs of all clients are met in the most efficient and cost-effective manner possible.
About Fuel Break Capital Partners: Fuel Break Capital Partners is a special situations investment and advisory firm focused upon acquiring and selling distressed companies and individual assets. Fuel Break Capital’s strategic partners are best in breed distressed asset investors and service providers who bring speed, efficiency, and liquidity to complex situations.