Conference Program

Conference Program

CONFERENCE CHAIR

Thomas Kennedy

Chairman and Managing Director, Kensington Capital Partners

Tom Kennedy is the founder of Kensington Capital Partners and Chair of the Investment Committee. Tom serves on the Advisory Boards of several private equity funds and private companies and has been an active supporter of the Private Equity and Venture Capital business in Canada. His public service and philanthropic work has been a longstanding, and focused on education and healthcare.

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All Days VIP Welcome Reception Conference Workshop

MAY 5, 2020 | CONFERENCE PROGRAM

7:15 AM – 8:00 AM

Registration, Networking & Continental Breakfast

8:00 AM – 8:10 AM

Forum Overview by Conference Chair

This conference is broken down into two areas: process and transaction. The first part of the day will focus on the processes integral to planning for transition, while the second part of the day will help you navigate and understand the ‘ins and outs’ of transactions.

Chair: Thomas Kennedy, Chairman and Managing Director, Kensington Capital Partners

8:10 AM – 8:40 AM

The 30,000-foot Perspective: How Will the Economy Impact Your Business

The decisions you make today will ultimately impact your business in the future. This session will provide insights into both a macro view of the economy, as well as cast a lens on regional and industry sector differences. You will walk away with:

An overview of the current economic conditions and market trends that business owners need to consider when thinking about your business.
An understanding of how these trends are impacting your business.
Insights into the current M&A environment, such as industry consolidations, leading acquirers and other factors which might affect the future of your business.

8:40 AM – 9:15 AM

Your Roadmap to Transition: How to Build a Saleable Business

Whether the sale of your business is on the horizon or many years away, most experts agree that it can take years to structure a company to increase the probability of a successful sale. Operating your business like you are getting ready for a buyer will help you optimize for success, even if you have no plans to sell. You never know if, or when, there may come a knock on your door? What exactly should you be doing now in order to get your business ready?

This session will provide you with an understanding of the extensiveness of the process and how much advanced planning is required so that you can build your own roadmap with exactly what you need. You will walk away with:

A step-by-step overview of the mechanics of selling and/or transitioning a business
Tactical information to help you identify at what stage should you be considering hiring advisors or other transition experts
The knowledge you need to mitigate risk and maximize reward in or to successfully exit your business with confidence

9:15 AM – 10:15 AM

Here’s One for the Books: Lessons from Seasoned Buyers

What do buyers look for when assessing a potential acquisition? Growth prospects, financial health, management team and strategic fit are just a few of the considerations.

In this panel strategic buyers and private equity purchasers will discuss what they look for as acquirers to help you get an understanding of who your ideal buyer might be, or who is the partner you can’t see.

This session will dive into:

The data that matters most to buyers
Lessons these buyers have learned along the way
How did cultural fit impact the purchase process
If you just want to take some cash off the table, what kind of partner or buyer is right for you

10:15 AM – 10:45 AM

Networking & Coffee Break

10:45 AM – 11:45 AM

Concurrent Sessions: A1 – A3 The Processes Integral to Planning for Transition

A1: Scaling Your Business in Preparation for Transition

Companies should be sold, not bought. Putting an emphasis on systematically growing your business could be your trojan horse to attracting the right type of buyer for your business. Increasing revenues, market share or scaling operations will help make your business that much more attractive to potential acquirers. Learn what steps you should be taking to be in the driver’s seat of your sale.

This session will explore:

How to modernize your business in order to drive data driven results
How to identify growth opportunities that will help you maximize profitability, whether your choose to sell or not
Strategies, tactics and metrics you can put to work right away that will have an immediate impact as well as set your company up for greater future success.

A2: Executing An Effective Management Buyout

A management buyout can be an excellent succession strategy and an opportunity for senior managers to become owners. When considering a Management Buyout (MBO), how do you equip your management team to become a credible bidder for the business? How is your leadership team positioned to perform? Have you effectively replaced yourself with the right skill sets and integrated your best people into the company’s operations so they are prepared to become owners? Is the team aware of the risks and opportunities involved? This session will cover:

When should you begin your succession planning
How to prepare your senior management team for transition and the shift in leadership roles
Strategies for partner buyouts
Different types of financing and strategies to increase cash flow
Implementing your post-closing transition plan

A3: Sunday Night Dinner ~ A Family Discussion

Family businesses are unique in that transitioning them to the next generation is a complex, often deeply emotional, endeavour. How do you prepare for a generational business that is resilient, while keeping the legacy you have built intact. Building capacity in the next generation needs to begin early on, and you may also need to consider that your family heirs may have neither the skills nor desire, to be part of your succession plan. In this session panelists will share their unique tools and perspectives so that you can successfully plan for your own family business transition.

You will learn:

What measures do you need to be taking to professionalize your family owned and operated firm?
How are you supporting a shift in leadership?
How do you ensure you have the right governance in place?
How do you assess the need for outside non-family executives if your family successors aren’t the right fit
Strategies and tactics to deal with the impact this transition will have on your family

11:45 AM – 12:50 PM

Networking Lunch

11:45 AM – 1:00 PM

Meet the Experts (MTE)

Bring your burning transition questions to our group of experts. This is your opportunity to meet and obtain advice from Canada’s leading and most reputable experts on the subject of transition-strategy.

1:00 PM – 1:30 PM

Luncheon Keynote: Fireside Chat – REFLECTIONS – LIFE AFTER THE CLOSE

In this Fireside Chat you will hear the stories from a business owner who has gone through a transition of their business and now have the opportunity to reflect on the deal in the rear-view mirror. How has the transition affected their personal and professional life? What would they change if they were to do it all again, if anything? Would they negotiate differently, work with different strategic advisors or would they second guess their decision to exit? The discussion will help build and broaden your frame of reference through an understanding of:

The pitfalls that could have have been avoided
The impact on family during the transition process and how to build a support network
Transitioning your identify from business owner to retiree

Navigating future endeavours and finding new purpose

1:30 PM – 2:20 PM

Concurrent Sessions: B1 – B3 Learning to Navigate the ‘Ins and Outs’ of Transactions

B1: Effectively Structuring Your Company for Transition

When you sell or transition your business you may face a significant tax bill. If you’re not careful, you could find yourself with less than half of the purchase price in your pocket. Fortunately, with the right preparation and enough time to implement, there are a number of opportunities to limit or even eliminate tax. This is the ideal session for CEO’s and CFO’s to attend.

This session will look at real-world examples:

How to structure your company well in advance of a potential sale or recapitalization
What options to consider to reap the benefits and avoid pitfalls
Tactics to avoid major post-sale surprises
Options for how to manage what are no longer business expenses in your life post-transition

B2: Common Deal Challenges: How to Address & Avoid them

In order to attract a wide range of financial and/or strategic buyers, you must identify the areas of risk within your business well in advance. Potential buyers and their advisors will be on the lookout for red flags and trouble spots once an offer is on the table; this is your chance to learn about “deal breakers” that work within your business so that you and your advisors can prepare. Common challenges that will be discussed include:

Working capital and tax structure issues
Declining company or economic performance during the process
Unsophisticated legal counsel
How to maintain confidentiality during the deal
Delays in obtaining third-party consents
“Deal fatigue”

B3: Strategies to Maximize Price & Negotiate Deal Terms

This panel will dive into best practices, industry myths and misconceptions, and alternatives for consideration in designing a process to structure your transaction for a fair price. Through an interactive discussion you’ll learn:

How to decide on the breadth and nature of a sale process
Why timing and deal tension matters, and how to create it
Which terms have an impact on price, and which do not

The role advisors can play through the sale process, and when and how to manage them

2:20 PM - 2:40 PM

Networking & Coffee Break

2:40 PM – 3:30 PM

The Valuation Levers – What’s Your Company Really Worth?

Do you really know what your business is worth? Most business owners don’t get nearly what they should because they weren’t prepared, and this can gravely affect the value of your company. As a business owner, it’s imperative to focus on the specific areas of your business that drive value, even if you have no immediate intention of selling. Furthermore, a successful sale for your shareholders can be very different from what you, the business owner, defines as a success. From the get-go you should understand the levers you need to “push or pull” in order to optimize the results you are looking for.

This session will explore key value drivers that require immediate attention in order to maximize the saleability of your business.

3:30 – 4:15 PM

War Stories: The Good, The Bad & The Ugly

Hear from a panel of business owners who have gone through transition with their business and now have the opportunity to share their tales from the trenches. This panel will share insights on:

What they wish they had known at the beginning of their transition journey and what would they have done differently
Did they get the price they asked for based on timing and deal terms
Key learnings they have brought into their next endeavours
The personal side of post-transition

4:15 PM – 5:30 PM

Cocktails & Conversation Networking Reception

4:15 PM – 5:30 PM

Meet the Experts (MTE)

Program, Schedule, and Speakers Subject to Change Without Notice

MAY 6, 2020 | BUSINESS OWNERS WORKSHOP (ADD-ON OPTIONAL)

8:00am - 8:05am

OPENING COMMENTS BY BDC

8:05am - 8:55am

CONCURRENT SESSIONS: SESSION A + B

Session A – Negotiation & Deal Dynamics

Negotiating the sale of your business can vary significantly, not only between bidders but also with any particular potential buyer. The process selected and terms dictated by the seller in a transaction will impact the “price” paid. It is fundamental to understand how the selling process will impact what you receive for your company. The panel will discuss and elaborate on best practices, industry myths and misconceptions, and alternatives for consideration in designing a process to structure your transaction for a fair price.

Through an interactive discussion you’ll learn:

Why companies should be sold, not bought
How to decide on the breadth and nature of a sale process
Why timing and deal tension matters, and how to create it
Which terms have an impact on price, and which do not
The roles an advisor can play through the sale process, and when and how to manage them

Session B – Strategies to Maximize Price

It’s often possible to sell your business for 50% more if you do everything right. Unlike selling a share on the stock exchange or a home in the residential real estate market, the process of selling your business is deemed “inefficient” by economists. In an efficient market like the ones listed above, the price of your asset is not significantly affected by the actual selling process. Contrarily, in the M&A market, the selling process itself can have a major impact on the price of your company. Plan and execute the process correctly and you could increase the price of your company by upwards of 50%. The speaker will elaborate on industry myths, and misconceptions to provide you with the knowledge and tools to sell your company for a higher price.

You’ll learn why:

75% of saleable companies are not sold successfully
“Riding it over the top” is the most heartbreaking mistake owners make
Companies should be sold – not bought
It’s critically important to have multiple bidders
Excellent advisors will consistently sell companies for more

9:45am - 10:05am

Networking Break

10:05am - 10:55am

CONCURRENT SESSIONS: SESSION C + D

Session C – Managing Unintended Consequences

How to protect yourself from unexpected business risk prior to a transaction
How to prepare your company (and you personally) for a successful sale.
Learn what risks should be addressed, including subtleties of legal agreements, non-compete clauses, wills that misalign with shareholder’s agreements, powers of attorney and more
There are several ways to structure the sale your company (including how and when you get paid). What are your options?
Learn how to manage confidentiality and protect yourself against rogue competitors, suppliers, employees or customers.
Tactics to avoid major post-sale surprises
Shrewd buyer tactics that you need to know about

Session D – How to choose the right advisors & Understanding costs

The successful sale of a business involves many moving parts, making it the largest and possibly most complicated transaction of your life. You can’t do this alone – practical advice will help you select the best professionals to sell your company while ensuring that you get you the best price and terms. In this session, you’ll learn tactics to select the best advisors and importantly, you’ll learn what your team will cost and how they will get paid. You’ll leave this workshop with an understanding of what the ideal exit team looks like and why every good transaction needs a great “bad guy.”

11:50am - 12:00pm

Closing Comments

Program, Schedule, and Speakers Subject to Change Without Notice

MAY 4, 2020 | VIP WELCOME RECEPTION FOR BUSINESS OWNERS

5:30 PM - 7:00 PM

VIP WELCOME RECEPTION FOR BUSINESS OWNERS – BY INVITATION

MAY 5, 2020 | CONFERENCE PROGRAM

7:15 AM – 8:00 AM

Registration, Networking & Continental Breakfast

8:00 AM – 8:10 AM

Forum Overview by Conference Chair

Chair: Thomas Kennedy, Chairman and Managing Director, Kensington Capital Partners

8:10 AM – 8:40 AM

The 30,000-foot Perspective: How Will the Economy Impact Your Business

An overview of the current economic conditions and market trends that business owners need to consider when thinking about your business.
An understanding of how these trends are impacting your business.
Insights into the current M&A environment, such as industry consolidations, leading acquirers and other factors which might affect the future of your business.

8:40 AM – 9:15 AM

Your Roadmap to Transition: How to Build a Saleable Business

A step-by-step overview of the mechanics of selling and/or transitioning a business
Tactical information to help you identify at what stage should you be considering hiring advisors or other transition experts
The knowledge you need to mitigate risk and maximize reward in or to successfully exit your business with confidence

9:15 AM – 10:15 AM

Here’s One for the Books: Lessons from Seasoned Buyers

What do buyers look for when assessing a potential acquisition? Growth prospects, financial health, management team and strategic fit are just a few of the considerations.

This session will dive into:

The data that matters most to buyers
Lessons these buyers have learned along the way
How did cultural fit impact the purchase process
If you just want to take some cash off the table, what kind of partner or buyer is right for you

10:15 AM – 10:45 AM

Networking & Coffee Break

10:45 AM – 11:45 AM

Concurrent Sessions: A1 – A3 The Processes Integral to Planning for Transition

A1: Scaling Your Business in Preparation for Transition

This session will explore:

How to modernize your business in order to drive data driven results
How to identify growth opportunities that will help you maximize profitability, whether your choose to sell or not
Strategies, tactics and metrics you can put to work right away that will have an immediate impact as well as set your company up for greater future success.

A2: Executing An Effective Management Buyout

When should you begin your succession planning
How to prepare your senior management team for transition and the shift in leadership roles
Strategies for partner buyouts
Different types of financing and strategies to increase cash flow
Implementing your post-closing transition plan

A3: Sunday Night Dinner ~ A Family Discussion

You will learn:

What measures do you need to be taking to professionalize your family owned and operated firm?
How are you supporting a shift in leadership?
How do you ensure you have the right governance in place?
How do you assess the need for outside non-family executives if your family successors aren’t the right fit
Strategies and tactics to deal with the impact this transition will have on your family

11:45 AM – 12:50 PM

Networking Lunch

11:45 AM – 1:00 PM

Meet the Experts (MTE)

1:00 PM – 1:30 PM

Luncheon Keynote: Fireside Chat – REFLECTIONS – LIFE AFTER THE CLOSE

The pitfalls that could have have been avoided
The impact on family during the transition process and how to build a support network
Transitioning your identify from business owner to retiree

Navigating future endeavours and finding new purpose

1:30 PM – 2:20 PM

Concurrent Sessions: B1 – B3 Learning to Navigate the ‘Ins and Outs’ of Transactions

B1: Effectively Structuring Your Company for Transition

This session will look at real-world examples:

How to structure your company well in advance of a potential sale or recapitalization
What options to consider to reap the benefits and avoid pitfalls
Tactics to avoid major post-sale surprises
Options for how to manage what are no longer business expenses in your life post-transition

B2: Common Deal Challenges: How to Address & Avoid them

Working capital and tax structure issues
Declining company or economic performance during the process
Unsophisticated legal counsel
How to maintain confidentiality during the deal
Delays in obtaining third-party consents
“Deal fatigue”

B3: Strategies to Maximize Price & Negotiate Deal Terms

How to decide on the breadth and nature of a sale process
Why timing and deal tension matters, and how to create it
Which terms have an impact on price, and which do not

The role advisors can play through the sale process, and when and how to manage them

2:20 PM - 2:40 PM

Networking & Coffee Break

2:40 PM – 3:30 PM

The Valuation Levers – What’s Your Company Really Worth?

This session will explore key value drivers that require immediate attention in order to maximize the saleability of your business.

3:30 – 4:15 PM

War Stories: The Good, The Bad & The Ugly

Hear from a panel of business owners who have gone through transition with their business and now have the opportunity to share their tales from the trenches. This panel will share insights on:

What they wish they had known at the beginning of their transition journey and what would they have done differently
Did they get the price they asked for based on timing and deal terms
Key learnings they have brought into their next endeavours
The personal side of post-transition

4:15 PM – 5:30 PM

Cocktails & Conversation Networking Reception

4:15 PM – 5:30 PM

Meet the Experts (MTE)

Program, Schedule, and Speakers Subject to Change Without Notice

MAY 6, 2020 | BUSINESS OWNERS WORKSHOP (ADD-ON OPTIONAL)

8:00am - 8:05am

OPENING COMMENTS BY BDC

8:05am - 8:55am

CONCURRENT SESSIONS: SESSION A + B

Session A – Negotiation & Deal Dynamics

Through an interactive discussion you’ll learn:

Why companies should be sold, not bought
How to decide on the breadth and nature of a sale process
Why timing and deal tension matters, and how to create it
Which terms have an impact on price, and which do not
The roles an advisor can play through the sale process, and when and how to manage them

Session B – Strategies to Maximize Price

You’ll learn why:

75% of saleable companies are not sold successfully
“Riding it over the top” is the most heartbreaking mistake owners make
Companies should be sold – not bought
It’s critically important to have multiple bidders
Excellent advisors will consistently sell companies for more

9:45am - 10:05am

Networking Break

10:05am - 10:55am

CONCURRENT SESSIONS: SESSION C + D

Session C – Managing Unintended Consequences

How to protect yourself from unexpected business risk prior to a transaction
How to prepare your company (and you personally) for a successful sale.
Learn what risks should be addressed, including subtleties of legal agreements, non-compete clauses, wills that misalign with shareholder’s agreements, powers of attorney and more
There are several ways to structure the sale your company (including how and when you get paid). What are your options?
Learn how to manage confidentiality and protect yourself against rogue competitors, suppliers, employees or customers.
Tactics to avoid major post-sale surprises
Shrewd buyer tactics that you need to know about

Session D – How to choose the right advisors & Understanding costs

11:50am - 12:00pm

Closing Comments

Program, Schedule, and Speakers Subject to Change Without Notice

REGISTRATION NOW OPEN

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Bruce Harbinson

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Michele Cooper

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Tina Di Vito

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Bob Fitzgerald

Tim Cestnick

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David Hastie

Joanna Gibbons

Jennifer Gourley

Melissa Gracey

Ron Haik

Samantha Horn

Ray Gingras

Dan Lioutas

Christopher Jones

Len Kipp

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Mike McCarron

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David Anderson

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Alex Eisenberg

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Lyne Gaulin

Pierre Ouimet

Loren Rafeson

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Terran Sandwith

Maria Severino

James Johnson

David Shlagbaum

Jeff Pocock

Zulf Karim

Karen Killeen

Robert Duffy

Brian Love

Andrew Mark

Jonah Mayles

Pat McNamara

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Jeff Noble

Pierre Morrissette

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Arlene O’Neill

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