Neri Capital Overview

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Neri Capital Partners Neri Capital Partners Investment Banking and Advisory Firm Investment Banking and Advisory Firm Exiting Millionaires…One Business at a Time Exiting Millionaires…One Business at a Time MERGERS ACQUISITIONS DIVESTITURES EXIT PLANNING VALUATIONS

description

Overview of the experience, capabilities and competencies of the Neri Capital organization

Transcript of Neri Capital Overview

Page 1: Neri Capital Overview

Neri Capital PartnersNeri Capital PartnersInvestment Banking and Advisory FirmInvestment Banking and Advisory Firm

Exiting Millionaires…One Business at a TimeExiting Millionaires…One Business at a Time

MERGERS ACQUISITIONS DIVESTITURES EXIT PLANNING VALUATIONS│ │ │ │

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……Neri Capital Partners MissionNeri Capital Partners Mission

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We strive to embody the highest standards of leadership, honesty, integrityWe strive to embody the highest standards of leadership, honesty, integrity and client services while being aware of our personal and corporate and client services while being aware of our personal and corporate responsibilities. Our mission is to achieve this goal while delivering value responsibilities. Our mission is to achieve this goal while delivering value added services to our clients.added services to our clients.

LeadershipLeadership:: We are a firm that has a staff of seasoned executives and We are a firm that has a staff of seasoned executives and experienced entrepreneurs. We understand your passion and commitment to experienced entrepreneurs. We understand your passion and commitment to your employees and will strive to deliver qualified buyers to continue your your employees and will strive to deliver qualified buyers to continue your company’s rich legacy or indentify acquisition opportunities for private equity.company’s rich legacy or indentify acquisition opportunities for private equity.

HonestyHonesty and and IntegrityIntegrity: Our roots are in providing trusted advice in exiting or : Our roots are in providing trusted advice in exiting or acquiring micro-cap businesses. Our clients turn to us when handling even the acquiring micro-cap businesses. Our clients turn to us when handling even the most sensitive and confidential situations. most sensitive and confidential situations.

Client ServicesClient Services:: We stand by our commitment to deliver senior advisors, at We stand by our commitment to deliver senior advisors, at the table, when ideas are aired and decisions are made — a commitment that the table, when ideas are aired and decisions are made — a commitment that consistently shapes the way we serve our clientsconsistently shapes the way we serve our clients

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…. Neri Capital PartnersNeri Capital Partners

A Firm that:A Firm that:

Is staffed with five seasoned intermediaries with a cumulativeIs staffed with five seasoned intermediaries with a cumulative 75-years of 75-years of

corporate and entrepuerial experiencecorporate and entrepuerial experience

Represents and advises micro-cap companies – Revenues $3 to $60 millionRepresents and advises micro-cap companies – Revenues $3 to $60 million

Raises capital for new products and business expansionRaises capital for new products and business expansion

Identifies, qualifies and interviews buyersIdentifies, qualifies and interviews buyers

Educates sellers on the transaction process (what to expect) Educates sellers on the transaction process (what to expect)

Establishes an “opinion of value” or engages a third party valuation companyEstablishes an “opinion of value” or engages a third party valuation company

Has a Certified Exit Planner on-staff to develops seller’s exit strategyHas a Certified Exit Planner on-staff to develops seller’s exit strategy

A firm that has closed over 150 transactionsA firm that has closed over 150 transactions

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…. Proven and Successful Steps to Market a Proven and Successful Steps to Market a businessbusiness

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Step 1: Week 1 to 4

Plan marketing strategy and conduct internal due diligenceUnderstand company’s products or services and owner’s objectivesUnderstand company’s products or services and owner’s objectivesReview and recast operational and financial performanceReview and recast operational and financial performanceWith management, develop growth objectives and financial projectionsWith management, develop growth objectives and financial projectionsSeller completes detailed questionnaire to educate Neri CapitalSeller completes detailed questionnaire to educate Neri CapitalDetermine and recommend market price and develops preliminary marketing Determine and recommend market price and develops preliminary marketing

strategystrategy Step 2: Week 5 to 8

Prepare information memorandum and identify buyersDefine key selling pointsDefine key selling pointsWrite Confidential Information MemorandumWrite Confidential Information MemorandumDevelop list of qualified buyers using external and internal data base list (Seller Develop list of qualified buyers using external and internal data base list (Seller

approves list).approves list).Customize approach for financial and strategic buyersCustomize approach for financial and strategic buyers

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…….Proven and successful steps to market .Proven and successful steps to market businesses businesses

Step 3: Week 9 to 24Step 3: Week 9 to 24

Implement formal marketing effortImplement formal marketing effort

Direct mail and telephone calls to identified buyersDirect mail and telephone calls to identified buyers

Advertise in trade magazines and on multiple internet sitesAdvertise in trade magazines and on multiple internet sites

Qualify interested buyers by requiring the execution of a Confidentiality Agreement Qualify interested buyers by requiring the execution of a Confidentiality Agreement

and submitting a Net Worth statement, before a Information Memorandum is sent.and submitting a Net Worth statement, before a Information Memorandum is sent.

Send Confidential Information Memorandum to qualified buyersSend Confidential Information Memorandum to qualified buyers

Step 4: Week 13 to 30Step 4: Week 13 to 30

Meet with qualified buyersMeet with qualified buyers

Prepare management presentation to prospective buyersPrepare management presentation to prospective buyers

Coordinate site visits with prospective buyersCoordinate site visits with prospective buyers

Coordinate follow-up information and obtain answers to questionsCoordinate follow-up information and obtain answers to questions

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…….Proven and successful steps to market .Proven and successful steps to market business business

Step 5: Week 31 t0 40Step 5: Week 31 t0 40

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Close Transaction

Negotiate Letter of Intent with SellerNegotiate Letter of Intent with Seller

Recommend legal representation for Seller, if neededRecommend legal representation for Seller, if needed

Facilitate and coordinate due diligence Facilitate and coordinate due diligence

Negotiate definitive purchase agreement and ancillary documents with seller / Negotiate definitive purchase agreement and ancillary documents with seller / seller’s counsel / buyer.seller’s counsel / buyer.

Keep seller / buyer focused on closing timelineKeep seller / buyer focused on closing timeline

Close transaction Close transaction

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….Experienced Investment Banking and Experienced Investment Banking and Advisory TeamAdvisory Team

Eric Togneri – President and Managing PartnerEric Togneri – President and Managing Partner

Mike Togneri – Managing PartnerMike Togneri – Managing Partner

Andrew Wooten – Vice PresidentAndrew Wooten – Vice President

Terry Marlowe – Vice PresidentTerry Marlowe – Vice President

Steve Goodwin – Vice PresidentSteve Goodwin – Vice President

Rod Randolph – IntermediaryRod Randolph – Intermediary

Scott Waller – IntermediaryScott Waller – Intermediary

Theresa Bickford – Marketing DirectorTheresa Bickford – Marketing Director

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…….Neri has developed in-depth expertise through multiple .Neri has developed in-depth expertise through multiple transactions in key industry sectorstransactions in key industry sectors

Business ServicesBusiness Services

AerospaceAerospace

Consumer GoodsConsumer Goods

Light ManufacturingLight Manufacturing

Construction ServicesConstruction Services

Technology / SoftwareTechnology / Software

Medical Equipment & ServicesMedical Equipment & Services

Life Sciences Life Sciences

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… … and provide expertise to let you know what and provide expertise to let you know what your business is worthyour business is worth

How value is determined:How value is determined:

Comparative sold companies from Neri Capital data baseComparative sold companies from Neri Capital data base

BVMarketData (Prat Stats) & Businesses Reference GuideBVMarketData (Prat Stats) & Businesses Reference Guide

Cash flow analysis or industry specific EBITDA multipleCash flow analysis or industry specific EBITDA multiple

oror

In-depth modeling by 3rd partyIn-depth modeling by 3rd party

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… …..Required information for the purpose of Required information for the purpose of valuing your businessvaluing your business

Federal Tax Returns for past three yearsFederal Tax Returns for past three years

Income statements & balance sheets for past three yearsIncome statements & balance sheets for past three years

Inventory valueInventory value

List of equipment and other assets with original cost and remaining useful lifeList of equipment and other assets with original cost and remaining useful life

Copies of operating equipment and other leases that will transfer w/businessCopies of operating equipment and other leases that will transfer w/business

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…….Other types of information required.Other types of information required

Business strategy and market share Business strategy and market share

Key members of the Management TeamKey members of the Management Team

Employee info: key employees, compensation (hourly rate & salaried), benefitsEmployee info: key employees, compensation (hourly rate & salaried), benefits

Description and copies of business insurance policiesDescription and copies of business insurance policies

Reasons for exiting businessReasons for exiting business

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Gastonia, NC

Quality, Convenient Urgent Medical Care

Has been acquired by

An Industry Firm

Southeast USA

Undisclosed Amount

Antioch, TN

A leading provider of architectural commercial glass

and glazing company

Has been acquired by

Philadelphia, PA

Undisclosed Amount

Atlanta, GA

A leading privately held car rental provider at Atlanta

Hartsfield International Airport

Has been acquired by

A Private Investor

Atlanta, GA

$1,500,000

…….Representative Transactions.Representative Transactions

Stockbridge, GA

Voted #1 Spa in Atlanta, GA

Has been acquired by

Lata Sharma Enterprises, LLC

Marietta, GA

Undisclosed Amount

Charlotte, NC

Cellular Service Provider

Has been acquired by

CO2 Wireless

Atlanta, GA

Undisclosed Amount

Sealtite, Inc.

Santee, CA

Industrial and Personal Service Paper

Has been acquired by

Falkowski Enterprises, Inc.

San Diego, CA

Undisclosed Amount

Atlanta, GA

Light Industrial and food service staffing

Has been acquired by

A Private Investor

Atlanta, GA

Undisclosed Amount

San Angelo, TX

Office Supplies, Equipment and Furniture Provider

Has been acquired by

A Closely Held Firm

Dallas, TX

Undisclosed Amount

Tupelo, MS

Automotive Aftermarket Wholesaler and Retailer

Has been acquired by

The Mark Company

Tupelo, MS

Undisclosed Amount

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CMS, Inc.Sullivan, MO

Aerospace PrecisionParts Manufacturer

Has been acquired by

Custom Composite, Inc.

\Mobley, MO

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Eric Togneri – President Eric Togneri – President and Managing Partner and Managing Partner

Eric is co-founder and President of the NERI Capital Partners. Previously, Eric held various Eric is co-founder and President of the NERI Capital Partners. Previously, Eric held various positions of increased responsibility during his fifteen years in the consumer products goods positions of increased responsibility during his fifteen years in the consumer products goods industry. His professional tenure includes managerial level positions in sales, category industry. His professional tenure includes managerial level positions in sales, category management, and trade marketing. Eric has been associated with several high profile brand management, and trade marketing. Eric has been associated with several high profile brand acquisitions and divestitures in the health and beauty industry. His most recent mergers and acquisitions and divestitures in the health and beauty industry. His most recent mergers and acquisitions work has focused on licensing and marketing of brands focused on acquisitions work has focused on licensing and marketing of brands focused on international extensions into new categories. international extensions into new categories.

Eric has a BS Degree from the University of Iowa, MBA from the University of Pittsburgh. Eric has a BS Degree from the University of Iowa, MBA from the University of Pittsburgh.

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Michael Togneri - Managing PartnerMichael Togneri - Managing Partner

Michael is Co-founder and Managing Partner of the NERI Capital Partners. Michael has Michael is Co-founder and Managing Partner of the NERI Capital Partners. Michael has over 35 years of sales, marketing and management experience with small, middle market over 35 years of sales, marketing and management experience with small, middle market and large corporations. Currently, Mike is Owner, Chairman and is the former CEO of a and large corporations. Currently, Mike is Owner, Chairman and is the former CEO of a southeast regional environmental services company. During his diverse career, he has held southeast regional environmental services company. During his diverse career, he has held the following key management positions with private and public corporations: Vice the following key management positions with private and public corporations: Vice President of Sales and Marketing for a national farm equipment manufacturer; a Divisional President of Sales and Marketing for a national farm equipment manufacturer; a Divisional Vice President and General Manager for a Fortune 500 environmental services company; Vice President and General Manager for a Fortune 500 environmental services company; President of a "contract" manufacturing company; and co-founder of a National Biosolids President of a "contract" manufacturing company; and co-founder of a National Biosolids Management Service Company. Mike has completed transactions with a cumulative value Management Service Company. Mike has completed transactions with a cumulative value of over $200 million.of over $200 million.

Mike has a BA Degree from St. Andrews Presbyterian CollegeMike has a BA Degree from St. Andrews Presbyterian College

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Andrew Wooten – Vice President Andrew Wooten – Vice President

Andrew brings over 20 years of experience to Neri Capital Partners, having held various Andrew brings over 20 years of experience to Neri Capital Partners, having held various leadership positions in technology and investment companies including: leadership positions in technology and investment companies including:

Sales Manager, Thermo Fisher Scientific; Business Development Manager, Applied Sales Manager, Thermo Fisher Scientific; Business Development Manager, Applied Biosystems; Director of Corporate Development and Strategic Planning, AviGenics. Biosystems; Director of Corporate Development and Strategic Planning, AviGenics. Subsequently, Andrew was responsible for technology commercialization at the Subsequently, Andrew was responsible for technology commercialization at the University of Chicago and at Arizona Technology Enterprises (AzTE). As Vice President University of Chicago and at Arizona Technology Enterprises (AzTE). As Vice President and Managing Director at AzTE, Andrew’s business unit achieved four successful and Managing Director at AzTE, Andrew’s business unit achieved four successful company exits through acquisitions, two through IPOs and multiple successful new company exits through acquisitions, two through IPOs and multiple successful new operating companies. He has consulted with numerous private investor groups on M&A operating companies. He has consulted with numerous private investor groups on M&A transactions.transactions. Andrew has a B.A. in Chemistry from Berea College, a Master’s of Science Technology Andrew has a B.A. in Chemistry from Berea College, a Master’s of Science Technology from the University of Georgia and an MBA in Finance and Technology Management from from the University of Georgia and an MBA in Finance and Technology Management from Mercer University.Mercer University.

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Steve Goodwin – Vice PresidentSteve Goodwin – Vice President

Mr. Goodwin is Vice President with Neri Capital Partners and is based in the firm’s Atlanta office. His responsibilities include developing new business opportunities, managing client’s transaction and valuing closely held businesses.

Mr. Goodwin has over 30 years of senior level management experience in domestic and international markets. After college, he began his career by working in a C.P.A. firm that advanced into managing projects in excess of $80 million for profit and non-profit organizations. He has consulted with some of the largest international contracting firms designing projects and proposals.  Later in his career, he founded and grew a successful business in the financial service sector.

Mr. Goodwin skills acquired throughout his career and his personal ownership of small and microcap businesses uniquely qualifies him to represent buyers and sellers of small and microcap businesses.

Steve has a B.S. in accounting from Tennessee Technological University and an MBA from Auburn University

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Rod Randolph – IntermediaryRod Randolph – Intermediary

F. Roderick Randolph's experience includes more than 30 years in management and F. Roderick Randolph's experience includes more than 30 years in management and marketing experience.  He has consulted and worked with major Fortune 500 companies, marketing experience.  He has consulted and worked with major Fortune 500 companies, government agencies and small business owners throughout the southeast.government agencies and small business owners throughout the southeast.

Rod was appointed VP of Prudential Bache Securities.  He established the Special Rod was appointed VP of Prudential Bache Securities.  He established the Special Investments Department of Bear Stearns in Atlanta.  His clients included TVA, Board of Investments Department of Bear Stearns in Atlanta.  His clients included TVA, Board of Pensions of the Presbyterian Church, USA and several NY Stock Exchange Corporations.  Pensions of the Presbyterian Church, USA and several NY Stock Exchange Corporations.  Rod’s work included Mergers and Acquisitions during his tenure with Bear Stearns. Rod’s work included Mergers and Acquisitions during his tenure with Bear Stearns.

Rod earlier career he was called to serve in the ministry that included serving as a Sr. Rod earlier career he was called to serve in the ministry that included serving as a Sr. Pastor of a 1500 member church.  His writings appeared in state, national and international Pastor of a 1500 member church.  His writings appeared in state, national and international publications. He was founder of Contact Durham Tele-ministry which provided free publications. He was founder of Contact Durham Tele-ministry which provided free counseling 24/7. While serving the Church, he also served his country as USAR Chaplain counseling 24/7. While serving the Church, he also served his country as USAR Chaplain retiring as a Lieutenant Colonel. retiring as a Lieutenant Colonel.

A native of North Carolina, he earned BA and MA degrees from the University of North A native of North Carolina, he earned BA and MA degrees from the University of North Carolina and the Masters of Divinity from Duke University Divinity School.Carolina and the Masters of Divinity from Duke University Divinity School.

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Scott Waller – AssociateScott Waller – Associate

Scott focus with Neri Capital includes Main Street businesses such as Restaurant, Retail Scott focus with Neri Capital includes Main Street businesses such as Restaurant, Retail Shops, Service Businesses and in general businesses that have an enterprise value of Shops, Service Businesses and in general businesses that have an enterprise value of $1,000,000 or less.$1,000,000 or less.

Scott began a career in public safety as a Certified Firefighter Paramedic. demonstrating Scott began a career in public safety as a Certified Firefighter Paramedic. demonstrating strong leadership skills, over his 18 year career he progressively advanced in this strong leadership skills, over his 18 year career he progressively advanced in this profession until he achieved the rank of Company Officer. He learned early in life that profession until he achieved the rank of Company Officer. He learned early in life that success is about hard work, integrity, making split decisions, accomplishing goals and success is about hard work, integrity, making split decisions, accomplishing goals and working in a team environment. It was in this environment that Scott chose the path of working in a team environment. It was in this environment that Scott chose the path of participating in the American Dream by co-founding his own business. He fundamentally participating in the American Dream by co-founding his own business. He fundamentally understands the metro Atlanta business market and has worked in every phase of business understands the metro Atlanta business market and has worked in every phase of business from planning the concept, developing financials models, obtaining financing to successfully from planning the concept, developing financials models, obtaining financing to successfully operate and manage a small business. In addition, he is currently enrolled at Columbia operate and manage a small business. In addition, he is currently enrolled at Columbia Southern University, where he will graduate with a Bachelor’s Degree in Business Southern University, where he will graduate with a Bachelor’s Degree in Business Administration, with an emphasis in Finance. Scott has the experience to represent your Administration, with an emphasis in Finance. Scott has the experience to represent your Company in finding the right Buyer as you develop your exit strategy.Company in finding the right Buyer as you develop your exit strategy.

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Theresa Bickford - Marketing DirectorTheresa Bickford - Marketing Director

Theresa Bickford is Marketing Director of Neri Capital. Prior to joining Neri Capital she had Theresa Bickford is Marketing Director of Neri Capital. Prior to joining Neri Capital she had a distinguished career as an educator and community leader that spanned fifteen years. a distinguished career as an educator and community leader that spanned fifteen years. As and educator she served as a foreign language high school teacher specializing in As and educator she served as a foreign language high school teacher specializing in Spanish and exploratory curriculum in linguistics, French, Latin, German and Japanese. Spanish and exploratory curriculum in linguistics, French, Latin, German and Japanese. Theresa is fluent in Spanish. She has held numerous leadership positions in the public Theresa is fluent in Spanish. She has held numerous leadership positions in the public school systems and community including: an Event Planner, Activities Coordinator, Church school systems and community including: an Event Planner, Activities Coordinator, Church activities, and Community Social initiatives.activities, and Community Social initiatives.

At Neri Capital Theresa has developed and implemented a successful marketing program At Neri Capital Theresa has developed and implemented a successful marketing program that identifies prospective Seller and Buyers of micro-cap businesses. Theresa is also that identifies prospective Seller and Buyers of micro-cap businesses. Theresa is also founder of Biz magazine a regional business magazine with editorial content for micro-cap founder of Biz magazine a regional business magazine with editorial content for micro-cap businesses. businesses.

Theresa is a graduate of the University of Iowa with a degree in Spanish and a focus on Theresa is a graduate of the University of Iowa with a degree in Spanish and a focus on the sciences.the sciences.

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…….Next Steps.Next Steps

Execute Engagement AgreementExecute Engagement Agreement

Seller completes detailed questionnaire Seller completes detailed questionnaire

Neri Capital writes Confidential Information MemorandumNeri Capital writes Confidential Information Memorandum

Market your businessMarket your business

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