Critical Liquidity Financing Issues Facing Middle-Market Companies is Focus of Business...

Wed Sep 17, 2008 6:30am EDT

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Critical Liquidity Financing Issues Facing Middle-Market Companies is Focus of Business Advisory Conference Series Sponsored by Leading Accounting, Investment Banking and Law Firms

Liquidity and financing issues are currently front-page issues for
money center banks while an important story also plays out in
middle-market companies
NEW YORK--(Business Wire)--
Day Pitney LLP, Houlihan Smith & Company, Blum Shapiro and BDO
Consulting have joined together to present a Business Advisory
Conference series designed to address critical market trends and
conditions that impact middle-market companies in mergers &
acquisitions and financing transactions. Titled, "How to Find
Liquidity in an Illiquid Market: Current Acquisition Trends for
Sellers and Buyers," the conference series will be presented from the
unique perspectives of law, accounting, investment banking and
consulting firms and will be held throughout key locations in
Connecticut, New York, New Jersey and Massachusetts during October.

"Liquidity and financing issues are currently front-page issues
for money center banks, while an equally interesting and important
story is playing out in middle-market companies," said Ronald H.
Janis, Partner and Chair, Mergers, Acquisitions and Joint Ventures,
Day Pitney LLP. "In this uncertain economic climate, where middle
market companies are finding it difficult to obtain the financial
liquidity necessary to meet their business objectives, it is important
to review this situation and discuss solutions to current problems
that they may be facing."

The solutions-oriented conferences will take place in Florham
Park, NJ (October 14); New York (October 14); Stamford and Hartford,
Connecticut (October 15) and Boston (October 16).

Designed to meet the needs of each business community in which the
events take place, the range of topics addressed at the seminars
include: buyer expectations in financing acquisitions in the current
market and its impact on sellers; new developments in raising new
capital, from the points of view of investors and targets; and the
effect of current economic conditions on buyers' analysis of the
EBITDA of a target company.

Legal issues, such as how current market conditions affect the
legal terms of an acquisition agreement will be reviewed, along with a
discussion on how boards of directors may satisfy their fiduciary
duties to shareholders where there is a limited market of buyers.

Accounting standards will also be addressed as they relate to this
discussion, including how the new accounting standards affect the M&A
market, changes to FAS 141R and FAS 157, as well as the transition to
IFRS, and the affect on the middle market M&A marketplace.

In addition to Mr. Janis, partners from Day Pitney's Corporate and
Business Law practice speaking at the event, include: Michael T. Rave,
Frank E. Lawatsch, Jr., David A. Swerdloff, Robert G. Siegel and
Jeffrey A. Clopeck.

From BDO Consulting, Restructuring practice, participants include:
David Berliner, Partner, and Kevin Kaden, Director. From Houlihan
Smith & Company, Inc., participants include: Andrew D. Smith, Founder
and President. From Blum Shapiro, participants include: John S.
Pavlovich, CPA/ABV,CFA, Director, Transaction Advisory Services.

Day Pitney LLP

Day Pitney LLP is a full-service law firm with 400 attorneys
operating from offices located in Boston, Connecticut, New York City,
New Jersey and Washington, DC. The corporate department of the firm
serves as M&A counsel to buyers, sellers and investment banks in
public and private company mergers, acquisitions and joint ventures
and as SEC counsel to a variety of public companies. For additional
information, please visit our website at www.daypitney.com.

MEDIA ADVISORY:

Media interested in interviewing subject matter leaders on legal
aspects of financing and liquidity should contact Cindy Morgan Olson,
Day Pitney LLP, to speak to one of the partners connected to the
program. She may be emailed at cmorganolson@daypitney.com or reached
by phone at 212-297-2486.

For more information on registration for the events, participating
locations and agendas, please go to:
http://www.daypitney.com/news/news-results.aspx?type=13.

Day Pitney LLP
Cindy Morgan-Olson, 212-297-2486