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Mergermarket Technology Forum 2016


Technology was one of the few sectors that saw deal volume increase in 2015 as global M&A activity fell. With values soaring to almost double that of 2014, tech became a fundamental part of businesses across multiple industries.

Yet despite this, concerns remain over high valuations, the viability of firms in the sector, and how regulators can keep up with an industry that is constantly evolving. The big question is, therefore, what’s next?

Join Mergermarket and leading technology experts as we discuss what 2016 holds for the most disruptive business sector in the world.

  • Topics Discussed

    • 02:00

      Registration and refreshments

    • 02:45

      Opening remarks

      John A.  Bernhardt
      John A. Bernhardt
      Vice President of Venue Sales & Business Development , Donnelley Financial Solutions (moderator)
    • 03:00

      Tech M&A in 2016: A year of big or small deals?

      • After a record-breaking year, how will 2016 do?
      • What factors will drive M&A activity? Healthcare IT? The Internet of Things? The death of traditional media?
      • The semiconductor and telecommunication sectors saw much consolidation in 2015 – what will be hot in 2016?
      • Dell’s acquisition of EMC was a high-water mark for private equity. What PE opportunities exist going forward?
      • Valuation metrics: for how long can strategic buyers offer higher multiples than private equity?
      • Technology convergence– in which other, more traditional industries will technology M&A have an increasing presence?
      Darren   Abrahamson
      Darren Abrahamson
      Principal, Bain Capital Private Equity
      David  Locala
      David Locala
      Managing Director and Head of Global Technology M&A, Citi
      Scott  Twibell
      Scott Twibell
      Co-head Technology & Media Group, Lincoln International
      Paul  Scrivano
      Paul Scrivano
      Chair of the M&A Practice, O’Melveny & Myers (moderator)
    • 04:15

      Coffee break

    • 04:30

      Shareholder Activism: Tech’s new normal?

      • The activist asset class ballooned to USD $112bn in 2015 – up tenfold from 2013. Why has it mushroomed in such a short period?
      • What are activists pushing for? Do they want all companies to sell?
      • What other forms of ‘shareholder value’ are activists driving?
      • Much activism targets smaller cap companies. Is it worth the effort?
      • Are executives savvy enough to deal with activists?
      • What is the likely outcome for companies like Autodesk, PTC, Symantec, Shutterfly?
      • Phantom activist – are more shareholders quietly pushing for change behind the scenes?
      • How important is liquidity in the high yield market for activists to push for change?
      Bill  Anderson
      Bill Anderson
      Senior Managing Director and Global Head of Strategic Shareholder Advisory, , Evercore
      Kenton  King
      Kenton King
      Partner, Skadden, Arps, Slate, Meagher & Flom LLP
      Gavin  Slader
      Gavin Slader
      Managing Director , JMP Securities
      Yumi  Narita
      Yumi Narita
      Vice President- Investment Stewardship, BlackRock
      Ed  Mullane
      Ed Mullane
      US Editor, Activistmonitor (moderator)
    • 05:30

      Unicorn funding and financing

      • What are the biggest stumbling blocks to raising more money?
      • A company’s technology? Management? Unwillingness of earlier stage investors to take write downs? Business models?
      • Alternatively, which companies/sectors are successfully raising private capital? Why?
      • The IPO landscape has been barren – what does 2016 hold?
      • Are mutual funds, such as Fidelity, still participating in pre-IPO funds?
      • What has changed in the way venture investors value tech companies?
      • How are venture capital firms reacting to the contraction in their portfolio valuations?
      • Can the venture capital market support the funding needs of these companies or will they need to tap the public markets?
      Eric  Benhamou
      Eric Benhamou
      Founder and General Partner, Benhamou Global Ventures
      Doug  Chu
      Doug Chu
      Co-Head of Listings and Global Head of Technology IPOs, New York Stock Exchange
      John  Collmer
      John Collmer
      Head of West Coast Private Capital Markets, J.P. Morgan
      Sean  Giese
      Sean Giese
      Principal, Technology Crossover Ventures
      David  Makarechian
      David Makarechian
      Partner, O’Melveny & Myers
      Daniel  Perez
      Daniel Perez
      Director of Business Strategy, Venue Virtual Data Room, RR Donnelley (moderator)
    • 06:30

      Cocktail reception

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