Bdo Private Equity Perspectives Podcast

As the effects of the global pandemic continue to generate uncertainty, PE firms with the wherewithal are looking to close deals. In the latest episode of BDO’s Private Equity PErspectives Podcast, Todd Kinney spoke with Alice Birnbaum, Head of Business Development at BBH Capital Partners, and Andy Cook, a Partner with Southfield Capital, about how the deal landscape is changing and embracing add-on acquisitions and more flexible approaches to investing.     During the Coffee Break segment, Verenda Graham, BDO’s National Private Equity Tax leader and Partner in the firm’s Tax practice, shares her insights on tax strategies PE is using today to generate cash flow.

Industry disruptions resulting from the pandemic crisis have investors and managers shifting their strategies in myriad new directions. In the latest episode of BDO’s Private Equity PErspectives Podcast, Todd Kinney spoke with Engin Okaya, Managing Director at Prudential Private Capital, and David Felts, Managing Director at TM Capital Corp, about nuanced M&A approaches in the new normal, including distressed investing, add-ons and cross-border deals.   During the Coffee Break segment, Beth Garner, National Practice Leader of BDO's Employee Benefit Plan audit practice, shares her insights on the regulatory change of private equity being allowed into 401(k) plan allocations.

Investors are increasingly interested in directing their capital toward companies within the middle market. In the latest episode of the Private Equity PErspectives Podcast, Todd Kinney spoke with Colleen Gurda, Managing Director at Comvest Partners, and Jill Raker, Managing Partner at Greenbriar Equity, about the middle market private equity landscape and direct lending strategies.   During the Coffee Break segment, Kristi Gibson, co-leader of BDO’s National Real Estate practice, shares her insights on the flow of capital from both micro- and macro standpoints.

The energy and natural resources sector—including oil and gas companies, renewables and water infrastructure companies are seeing an increase in deal activity. In fact, almost a third (32 percent) of PE professionals surveyed in BDO’s US Private Capital Outlook said it ranks in the top three most appealing sectors for fund managers.In the latest episode of the Private Equity PErspectives Podcast, Todd Kinney spoke with Evan Turner, Founder and Managing Partner at Drillcore Energy Partners, and Michael Albrecht, Partner at Ridgewood Infrastructure, about the strategies for private equity in the energy and infrastructure sectors. During the Coffee Break segment, Laurent Williot, Managing Director in BDO’s Transaction Advisory Services Practice, shareshis insights on investment opportunities in the energy and infrastructure space.

The financial services sector was cited as one of the top industries likely to experience increase in deal activity in 2020, according to BDO’s US Private Capital Outlook. We wanted to dig deeper, so in the latest episode of the Private Equity PErspectives Podcast, Todd Kinney spoke with Peter Nesvold, Chief Operating Officer, Financial Services Investment Banking at Raymond James, and Sachin Sarnobat, Managing Director at Atalaya Capital, about some of the factors driving PE and VC deal activity in financial services, and how to maximize value creation with fintech strategies.   During the Coffee Break segment, Keith McGowan, BDO’s Asset Management Industry Leader, explores the role of fintech as it relates to value creation in traditional asset management.

We’ve watched technology become ubiquitous in our lives over the past decade, but how can private equity partners create value for themselves out of this phenomenon?   In the latest episode of the Private Equity PErspectives Podcast, Todd Kinney sits down with Drew Meyers, Partner, Seaport Capital, and Ryan Ziegler, General Partner, Edison Partners,to discuss investment opportunities and how to capitalize on tech’s expansive growth as 2020 quickly approaches. During the Coffee Break segment, Aftab Jamil, Partner and National Leader of BDO's Technology practice, gives insight on how to make the most of a relationship between a technology company and a private equity firm.

What has driven the pace of private equity deal flow in the healthcare space for the last five years? Is healthcare truly a defensive industry during down cycles? How is the consumerization of healthcare influencing private equity’s approach to investments? These are just some of the questions addressed during BDO’s latest episode of the Private Equity PErspectives Podcast.

Given the highly competitive deal landscape, PE professionals are taking innovative approaches to sourcing and closing deals. What are some of these new strategies? In this episode, Justine Mannering, managing director for Stifel's consumer investment banking team, and Ann Brophy, Vice President of Business Development for LLR Partners, join BDO's Todd Kinney to discuss how creativity comes into play when sourcing new deals.

As U.S. private equity's interest in conducting deals with Canadian firms intensifies, dealmakers are looking more closely at the trade, tariff and tax implications that can make or break cross-border transactions. In this episode, Bruno Suppa, Ryan Farkas and Jamie Windle of BDO Canada join Todd Kinney to discuss the Canadian private equity landscape. During the Coffee Break segment, Kevin Kaden of BDO USA shares his insights on the unique due diligence considerations for cross-border deals.

As private equity firms make their operations, and those of the companies they invest in, more technologically savvy, they're finding that true digital transformation requires a shift in mindset. In this episode, Amir Akhavan, managing director at JEGI, and Grant Marcks, a principal and head of business development at Atlantic Street Capital, joins BDO's Todd Kinney to discuss digital transformation's impact on the private equity industry. Kirstie Tiernan, leader of BDO's Data Analytics and Automation Practice, also joins to shed light on the role digital transformation can play in private equity's value creation playbook.   

Though trade and tariff tensions have made headlines and raised questions about their impact on deals, there will still be a healthy flow of M&A in the manufacturing and distribution sector in 2019.  In this episode, Ken Heuer, principal at Kidd & Company, and Charlie Fox, head of business development at GHK Capital Partners, join BDO's Todd Kinney to share their take on the macroeconomic trends affecting M&D.

Eighty-nine percent of private equity executives expect a correction within 1-2 years, according to BDO's Tenth Annual Private Equity PErspective Survey. Yet private equity funds have a lot of dry powder to deploy. How are expectations for a correction affecting deal composition and timing? In this episode, Jon Tenan, director at Lazard Middle Market, and David Glazer, director at Gladstone Investment, join BDO's Todd Kinney to share their take on the changing dynamics of private equity deal making.

With 2018 nearly in the rearview mirror, dealmakers have started considering how the shifting market landscape, ongoing trade tensions, and an increased emphasis on digital transformation will impact private equity in the year ahead. In this episode, Matt Bernstein from Raymond James and Adrian Whipple from TZP Group join BDO's Todd Kinney to share their middle-market private equity predictions for 2019. Alison Torres and Eric Fahr of BDO's Atlantic Region also stop by to discuss their outlooks as well as family offices' growing appetite for private equity investments.

Software deals continue to be the “holy grail” of technology investments for a variety of reasons – recurring revenues, high growth potential, and versatility across industries. Yet beyond this coveted sector, what are private equity investors looking for in tech deals today? In this episode, Jeff Becker from JEGI and Aron Grossman from Gemspring Capital join BDO’s Todd Kinney to share their take on the ever-evolving world of tech deal making. Aftab Jamil, global leader of BDO’s Technology Practice, also offers best practices for the pre-acquisition process.

With KKR's $10 billion purchase of Envision Healthcare this summer, the largest healthcare buyout deal since the financial crisis, private equity's appetite for healthcare deals might well be stronger than ever. Meanwhile, with Amazon's emerging healthcare arm and an imminent deal between CVS and Aetna, providers are turning to digital innovation to help navigate industry disruption.  In this episode, Faruk Amin of Juna Equity Partners and Patrick Pilch, co-leader of BDO's Center for Health Care Excellence and Innovation, join BDO's Todd Kinney to discuss these topics and more. Additionally, BDO's Steven Shill offers an outlook for the eldercare industry. Tune into the full episode for a range of insights, including: What's triggering deal flow and high valuations across the health-care space. How healthcare companies are capitalizing on new data sources. Why elder-care providers are increasingly focused on preserving independence.

In the seventh episode of BDO's Private Equity PErspectives Podcast, Richard Baum of Consumer Growth Partners and Natalie Kotlyar, leader of BDO's National Retail & Consumer Products Practice, join BDO's Todd Kinney to discuss the state of the retail industry. BDO's Katherine Gauntt also shares her take on the implications of the Supreme Court's recent Wayfair decision. Tune into the full episode for a range of insights, including: How PE-backed retailers can become "un-Amazonable." How the recent Wayfair decision adds another layer of uncertainty, especially for smaller retailers that sell goods across state lines. How the overall growth of e-commerce is changing how retailers operate.

Today, the state of the economy, add-on acquisitions, and industry diversity are just a few issues at the forefront of the private equity industry. In this episode, Gretchen Perkins of Huron Capital and Silver Leaf Partners' Kathleen Lauster join BDO's Todd Kinney to discuss these topics and more. Additionally, BDO's Karen Baum discusses the benefits of sell-side due diligence and the evolution of socially responsible investing. Tune into the full episode for a range of insights, including: What women need to know about working in private equity Why investors should be cautiously optimistic about the economy Why private equity is increasingly interested in socially responsible investing

At the ACG InterGrowth 2018 conference in San Diego, BDO's Todd Kinney met with Deerpath Capital managing director Orin Port and CIP Capital managing director Bobby Kelly to discuss their firms' unique investment strategies, deal activity, and leverage usage. Tune into the full episode for Orin and Bobby's range of insights, including: How their firms find investment opportunities in such a crowded market Preparing portfolio companies as rising interest rates make debt more expensive Whether tax reform's new limitation of interest rate deductibility will impact lower middle-market borrowers

Ethan Shoemaker, managing director and principal at Orion Energy Partners, chats with BDO’s Todd Kinney about his firm’s credit-oriented investing approach as well as niche opportunities in the energy market. Tune into the full episode for Ethan’s complete insights, including: Why the lower-middle energy market is ripe for opportunities How tax reform will impact energy investments The case for the energy industry’s cautious optimism

Joe Pacello, tax partner in BDO's Asset Management practice, unpacks what tax reform means for private equity. Hosted by Todd Kinney, this episode delves into the new tax provisions with both positive and negative implications for the asset class.