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®
www.acgla.org
Annual Awards Ceremony Thursday, April 28, 2011 • Walt Disney Concert Hall
Presenting Sponsor
Agenda
5:30pm – 7:00pm – Cocktail Reception & Networking 7:00pm – 8:30pm – Awards Ceremony Opening Remarks – Jason Brown /ACG LA President Introduction of Master of Ceremonies – Frank Mottek
Courage, determination, and optimism still reign
Introduction of Presenting Sponsor – PwC
AWARDS PRESENTATION: • Public Company Growth Award - Large Cap: AECOM • Public Company Growth Award - Small Cap: IPC The Hospitalist Company • Private Company Growth Award: Pelican Products • Global Award: Avery Dennison
We congratulate every company that continues to achieve greatness in the face of adversity.
• Founders Award: J Brand • IPO of the Year: Green Dot Corporation
Through our global network of firms with more than 161,000 people in 154 countries, we continue to help our clients identify growth opportunities and solve complex business issues.
• Green Award: Patagonia • Corporate Responsibility Award: DineEquity • Profitability Award: j2 Global Communications • Large Cap Deal of the Year: Abraxis BioScience
To learn more, visit pwc.com
• Middle Market Strategic Deal of the Year: Encompass Digital Media • Middle Market Sponsor Deal of the Year: Bristol Farms Closing Remarks – Bill Webster/ACG LA CEO
© 2011 PricewaterhouseCoopers. All rights reserved. “PricewaterhouseCoopers” and “PwC” refer to the network of member firms of PricewaterhouseCoopers International Limited (PwCIL). Each member firm is a separate legal entity and does not act as agent of PwCIL or any other member firm. This document is for general information purposes only, and should not be used as a substitute for consultation with professional advisors.
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About ACG
DRIVING MIDDLE MARKET GROWTH For over 40 years, ACG LA has been a hub for the city’s business community. A place for executives of all types to learn new practices, challenge conventional thinking and broaden and strengthen their relationships throughout the region. ACG LA’s members represent companies and industries that are as varied as the neighborhoods of Los Angeles – corporate executives, commercial and investment bankers, private equity investors as well as legal, accounting and finance professionals, many of whom specialize in mergers and acquisitions or corporate development. The diversity of professions and industries is one of ACG LA’s greatest strengths, along with the Chapter’s commitment to hosting events that bring members together, as well as help them share information and stay apprised of the business environment. ACG LA is more than a networking group—it’s an organization of individuals pursuing the shared goal of corporate growth. ACG LA is well-known for its Annual Business Conference, which attracts participants from across the nation and around the world and showcases some of the most influential speakers from the business, entertainment and political realms. Founded in 1954, the Association for Corporate Growth, Inc. (www.acg.org) is the premier global association for professionals involved in corporate growth, corporate development, and mergers and acquisitions. Today, ACG stands at over 12,000 members from corporations, private equity, finance and professional service firms representing Fortune 500, Fortune1000, FTSE 100, and midmarket companies in 53 chapters in North America and Europe. Our members, all leaders in their fields, belong to ACG to be part of an influential community of leaders growing public and private companies worldwide.
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Welcome
April 2011 Dear Attendee, On behalf of the board of the Los Angeles Chapter of the Association for Corporate Growth, we welcome you to the inaugural ACG LA Awards ceremony. We are delighted to honor our first annual award winners, a collection of 12 outstanding area companies that have demonstrated the principles that are core to our organization. For more than 40 years, ACG LA has been deeply involved in the Southern California business community. Our members, directors, partners and sponsors represent many of the most respected companies in the region, and year after year they make our success possible. The ACG LA Annual Awards are our way of recognizing a select group of local companies that not only have demonstrated leadership in their fields but have also made a significant impact in the region. From biotechnology to premium denim, our award recipients represent a diverse array of private and public companies, and they are a true testament to the thriving business community of Los Angeles. We would also like to take this opportunity to thank the many people who work tirelessly to make ACG LA such an important organization for Southern California’s middle market executives and dealmakers. Thank you for your continued support of ACG LA, and please join us in congratulating our outstanding 2011 Annual Awards winners. Sincerely,
Jason Brown Chairman
Bill Webster Chief Executive Officer
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The Winners PUBLIC COMPANY GROWTH AWARD - LARGE CAP
PRIVATE COMPANY GROWTH AWARD
AECOM is a global provider of professional technical and management support services to a broad range of markets, including transportation, facilities, environmental, energy, water and government. With approximately 45,000 employees around the world, AECOM provides a blend of global reach, local knowledge, innovation, and technical excellence in delivering solutions that create, enhance and sustain the world’s built, natural, and social environments. A Fortune 500 company, AECOM serves clients in approximately 125 countries and had revenue of $7 billion in 2010.
Pelican Products, Inc. is the global leader in the design and manufacture of advanced lighting systems and vir tually indestructible cases for protecting valuable equipment. Preferred by professionals who work in extreme situations including military, law enforcement and fire services, Pelican products are backed by an industry-leading guarantee of excellence. The company’s 200,000 square foot corporate headquarters, located in Torrance, California now serves as the home office for nearly 1,500 employees worldwide. Operating in 12 countries, with 22 offices, Pelican Products also maintains five manufacturing locations in North America and Europe.
PUBLIC COMPANY GROWTH AWARD - SMALL CAP
GLOBAL AWARD
IPC is the leading provider and pioneer of a new specialty of medical care called Hospitalist Medicine. Hospitalists are physicians that focus on the delivery of expert medical care to hospitalized patients. With over 1,600 physicians, nurse practitioners and physician assistants, IPC cares for patients in over 300 acute care hospitals and 400 post-care facilities in 22 states. Hospitalist specialists improve the quality of patient care, increase operating efficiencies and reduce costs in the facilities IPC serves. Collectively, IPC’s affiliated hospitalists work with more than 37,000 referring physicians and 3,300 health plans across the United States.
Avery Dennison is a global leader in labeling and packaging solutions, retail branding and information solutions, and organization and identification products for offices and consumers. Headquartered in Pasadena, California, Avery Dennison has more than 30,000 employees working in over 200 manufacturing and distribution facilities in more than 60 countries around the world. Three-quarters of its business is done outside the United States with more than a third of net sales in the emerging markets of Asia, Latin America, and Eastern Europe. Avery Dennison ranked number 362 on the 2010 Fortune 500 list of the largest U.S. industrial and service companies.
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The Winners FOUNDERS AWARD
GREEN AWARD
Delivering inventive designs and collaborations while remaining true and authentic to the customer, J Brand is an industry leader and purveyor in the premium denim market. Known for its remarkable fit, J Brand has achieved a winning combination of style, comfort and sexiness. A California-based company, J Brand is featured in over 2,000 specialty stores and luxury retailers in more than 20 countries worldwide. In 2010, J Brand recapitalized in partnership with Star Avenue Capital.
Patagonia clothing company is a leading designer of outdoor clothing and gear, and grew out of a small company that originally made tools for climbers. Alpinism remains at the heart of Patagonia’s worldwide business that still makes clothes for climbing – as well as for skiing, snowboarding, surfing, fly fishing, paddling and trail running. At Patagonia, a love of wild and beautiful places demands participation in the fight to save them, and to help reverse the steep decline in the overall environmental health of our planet. Patagonia donates time, service and at least one percent of sales to grassroots environmental groups all over the world.
IPO OF THE YEAR
CORPORATE RESPONSIBILITY AWARD
Steve Streit founded Green Dot Corporation, a leading prepaid financial services company providing simple, low-cost and convenient money management solutions to a broad base of U.S. consumers, in 1999. He is viewed as both a pioneer in the financial services industry and a passionate advocate for unbanked and underserved communities. Green Dot also owns and operates the Green Dot Network, the nation’s leading prepaid card reload network. Green Dot products are available online and at approximately 55,000 retail stores, including Walmart, Walgreens, CVS, Rite Aid, 7-Eleven, Kroger, Kmart, Meijer, and Radio Shack.
DineEquity is the world’s largest full service restaurant company, franchising and operating two of America’s favorite restaurants, Applebee’s Bar & Grill and IHOP. With over 3,500 combined locations, Applebee’s and IHOP can be found in nearly every neighborhood in the United States and also in 17 countries around the world. DineEquity’s vision is to unite great franchisees, brands and team members to create the world’s leading restaurant company, one guest at a time. DineEquity and IHOP are headquartered in Glendale, CA and Applebee’s headquarters are in Lenexa, KS.
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The Winners PROFITABILITY AWARD
MIDDLE MARKET STRATEGIC DEAL OF THE YEAR
Founded in 1995, j2 Global Communications, Inc. provides cloud-based communications, messaging, and data backup services to individuals and businesses worldwide. The company’s estimated 2011 annual revenues of between $320 million and $340 million reflect its two million paying subscribers or seats and 11 million free subscribers. With offices in eight cities worldwide and a network that spans more than 4,300 cities in 49 countries on six continents, j2 Global offers scalable fax, voice, email, and online backup solutions designed to streamline, replace or augment an existing communications infrastructure.
Encompass, a leader in digital media services, provides state-of-the-art broadcast facilities throughout the world. The company provides broadcasters, cable networks, corporate and government entities with customized solutions for the management and distribution of content. With global access to expansive satellite and fiber footprints, the company provides a host of services including network origination; central casting; cable neighborhood platforms; disaster recovery; satellite and fiber transmissions; satellite uplink vehicles; digital media encoding and file transfer services; emergency communications; governmental SATCOM; and production studios services.
LARGE CAP DEAL OF THE YEAR
MIDDLE MARKET SPONSOR DEAL OF THE YEAR
Abraxis Bioscience, founded and led by Dr. Patrick SoonShiong, is a Los Angeles-based biotechnology company, sold to Celgene Corporation in 2010 for over $3 billion. Abraxis is dedicated to the discovery, development and delivery of next generation therapeutics and core technologies offering safer and more effective treatments for cancer and other critical illnesses. In 2005, Abraxis launched the first protein nanoparticle based drug delivery technology for the treatment of metastatic breast cancer. The drug is now approved in more than 40 countries, and is in advanced clinical trials for pancreatic and other cancers.
Bristol Farms has collected a long string of accolades since their first store opened in 1982. Local media has many times referred to Bristol Farms as the “Disneyland of food.” In Zagat's most recent Marketplace Survey, Bristol Farms was rated the number one food store in Los Angeles for overall quality and service. In October 2010, the Bristol Farms management team, in partnership with Endeavour Capital, purchased the company, returning Bristol Farms to local and independent ownership with a commitment to work with local vendors, to support sustainable organic and natural products and to provide the finest quality foods and extraordinary service to their customers.
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2011
ACG LOS AnGeLeS buSineSS conFerence G r o w t h S t r at e G i e S
|
m&a
|
Finance
SePtember 20 – 21, 2011 | beverly hilton HoteL
Lawrence H. SummerS
Peter G u b e r
joe t o r r e
Director, White House National Economic Council for President Barack Obama, 2009-2010
Chairman and CEO, Mandalay Entertainment Group
Legendary Baseball Manager and EVP of Major League Baseball
Henrik F i S k e r
Harry markopoloS
kevin F r e i b e r G
Madoff Whistleblower
Best Selling Author and Entrepreneur
Co-founder, CEO and Executive Design Director, Fisker Automotive
additional SpeakerS to be announced
The Nation’s Premier Deal Flow and Business Conference new conFerence SeSSionS in 2011 women’s Forum (Pre-conference tues., September 20) corporate executive and business owner track (wed., September 21) Presented by ®
Los Angeles
register at www.acglaconference.com Sponsorship opportunities:
mina trujillo 310.444.9065 | email: mina@chraftpr.com
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.13%
2.14%
13.59%
34.13%
34.13%
13.59%
2.14%
.13%
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Duff & Phelps is proud to support the ACG LA Chapter and congratulates the Annual Award winners on their commitment to excellence. Todd Kaltman Managing Director todd.kaltman@duffandphelps.com +1 310 689 0079
Steve Moon Director steve.moon@duffandphelps.com +1 310 689 0076
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Signed. Sealed. delivered. a portfolio company of Vintage Fund Management
a portfolio company of Hancock Park Capital III, LLC
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Contact gail Bernstein at 626-432-7555 or gail.bernstein@pnc.com to find out how PnC can get you the capital you need. PNC is a registered mark of The PNC Financial Services Group, Inc. (“PNC”). PNC Business Credit is the asset-based lending arm of PNC Bank, National Association, a wholly owned subsidiary of PNC and Member FDIC. Lending products and services require credit approval. ©2011 The PNC Financial Services Group, Inc. All rights reserved. Member FdiC CIB PDF 1110-077
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ACG Cup ®
Corporate Executive Forum Started in 2004 by the Los Angeles Chapter of ACG, the ACG Cup is a business school case competition where students, organized into “Investment Banking” teams, analyze a real-life M&A transaction scenario and present their recommendations to a “Board of Directors” comprised of seasoned M&A professionals from within the Southern California ACG community. Teams are rated on criteria such as proper use of valuations techniques, understanding of capital markets conditions and the quality of their presentation skills and strategic advice. The 2011 Southern California ACG Cup involved over 200 students from ten business schools and over 50 volunteer “Board Members” from the community. After winning their individual school competitions, ten finalist teams faced off on March 9th at UC Irvine. It was a truly rewarding experience for both the students and volunteers. ®
The Nantucket Reds, from The UCLA Anderson School of Management were selected as the winning team by a unanimous judges vote. The team consisted of three first-year MBA students: Christopher Davidson, Zachary Friedland and Michael Truex.
ACG LA’s Corporate Executive Forum represents a tight-knit group of senior executives from leading Los Angeles area companies. The group provides a forum where top executives can discuss, with a group of their peers, the challenges and opportunities they face as leaders of prominent companies.
ACG would like to thank Houlihan Lokey for preparing the M&A case and Merrill for providing data site services.
Each year, the Forum hosts several events that focus on the topics most important to C-level executives, including doing business in California, developing and implementing growth strategies, and keeping their organizations running smoothly and effectively.
Presented by:
The Corporate Executive Forum is by invitation only and limited to top company officers. For more information, please contact Lewis Stanton at lstanton @stantonassoc.com or Rahul Merani at rmerani@dlcinc.com
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Board of Directors
Awards Committee
BOARD OF DIRECTORS:
AWARDS COMMITTEE:
Chairman & President: Jason Brown, GE Capital
Co-Chair: Paul Gurrola, BDO USA, LLP
Past President: Scott Kolbrenner, Houlihan Lokey
Co-Chair: Steve Moon, Duff & Phelps
Chief Executive Officer: Bill Webster
Arthur Cohen, Tatum
Secretary: Tom Cleary, SNR Denton
Frank Ellis, SingerLewak
Treasurer: Bob Pearlman, BDO USA, LLP
Ellen Fassler, Alliance Place, Inc.
VP Programs: Suzie Doran, SingerLewak, LLP
Todd Kaltman, Duff & Phelps
VP Awards: Paul Gurrola, BDO USA, LLP
Jose Kreidler, CRESO Capital Partners
VP Membership: Ari Nadelman, Lionfish Advisors LLC
Stephen Lee, Holme Roberts & Owen LLP
VP Communications: Dianne Prust, Wells Fargo Private Bank
Rahul Merani, DLC
VP Sponsorship: Andrew Apfelberg, Rutter Hobbs & Davidoff
Amy Oswick, Lockton Companies
VP Corp Exec Forum: Lewis Stanton, Stanton Associates LLC
Jim Pitrat, SingerLewak
VP Private Equity: Steve Moon, Duff & Phelps Securities
Kevin Shultz, FTI Capital Advisors
VP Research & Dev.: Chris Hebble, Cerberus California, Inc.
Karim Teymourtache, Union Bank
VP WIGI: Ivelisse Simon, Avante Mezzanine Partners
Tracy Washburn, JP Morgan Chase, Escrow Services
VP ACG Cup: Gary Rabishaw, Intrepid Investment Bankers
Lisa Westhafer, PNC Business Credit
DIRECTORS AT LARGE: Marc Deneen, PNC Business Credit Tom Hayes, PNC Business Credit Eric Klein, Sheppard Mullin Rahul Merani, DLC Doug Schreier, ACG At Large Alain Rothstein, Vicente Capital Partners
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Upcoming ACG Los Angeles Events May 18, 2011 – The State of Private Equity panel 5:00pm at the California Club Come hear the key players in the private equity industry discuss the future of transactions in the middle market space. As the industry improves, idle cash is transforming the industry as multiples increase and pricing differences between buyers and sellers get smaller. Find out how this will this directly impact you and your business. June 15, 2011 – Aerospace panel 5:00pm at the California Club To what heights is the aerospace market evolving to meet the current demands. Industry leaders such as the James Bell, the CFO of Boeing, and Dale Wallis, CFO of Aerospace Corporation, will be discussing micro and maco economic issues as they directly impact aerospace. Register at our website: www.acgla.org
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