STATE OF THE M&A MARKET AND WHAT THE FUTURE HOLDS
As global economies reopened in 2021, a record number of deals and transaction dollars followed. We were confronted with macroeconomic headwinds in 2022 as deal actively slowly returned to normalized levels. Rising interest rates, political tensions, volatile equity markets, and talks of a recession have characterized 2023 so far. What does that mean for business owners and how they think about if now is the right time to exit their business?
- Understand the current state of the M&A market
- Determine the factors owners should be monitoring as they time their exits
- Develop a strategy to best prepare the company for sale so your personal goals drive the timing, not whether it is a bull or bear market
About the Presenters:
Learn from industry experts Rene Robichaud, Chairman of ArkMalibu, and David Clark, Vice President of ArkMalibu.
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Meet David Clark:
David Clark is a Vice President at ArkMalibu, where his prior corporate development, management consulting, and M&A experience allow him to lead clients during all stages of the sell-side transaction process. David has worked on close to $1 billion of transactions across manufacturing and distribution, software-as-a-service (SaaS), logistics, and staffing industries. He is responsible for leading middle market business owners through M&A processes, providing valuation and strategic planning advice, and conducting financial modeling and buyer research to maximize results for ArkMalibu clientele.
David started his career as a member of General Electric’s Financial Management Program, a two-year intensive rotational program that combines a rigorous course curriculum with a variety of focused job assignments to build future finance leaders. He also spent two years executing over a dozen strategic acquisitions for a multi-billion dollar manufacturing company in Chicago. Most recently, David worked as a management consultant where he drove $25 million in cost-cutting initiatives for manufacturing companies and led finance organizations’ strategic planning processes before getting back into mergers and acquisitions by joining ArkMalibu.
David graduated Magna Cum Laude from the University of Cincinnati’s Lindner College of Business where he earned a BBA in both Finance and Accounting. Away from ArkMalibu, David enjoys spending time with his wife (Molly), son (Jack), and daughter (Annie). David is also an avid golfer and served on two advisory boards at the University of Cincinnati (Advanced Transition Services Program and the Carl H. Lindner Honors Plus Program). He is also on the board for Cincinnati's chapter of the Exit Planning Institute.
Meet Rene Robichaud:
Rene is Chairman and Partner at ArkMalibu. He has helped hundreds of companies think strategically and become more successful. Rene has been president and CEO of two public companies for a total of 10 years. Most recently, he served as the president and CEO of Layne Christensen (a NASDAQ company). Prior to that, he served as president and CEO of NS Group (NYSE), which he helped grow from a $150 million enterprise to a $1.5 billion company. As an investment banker for 15 years, he has worked on capital raising and strategic transactions involving many industrial and natural resource companies around the world.
As Managing Director of Salomon Smith Barney based in New York, Rene held various corporate finance roles including co-head of global metals & mining practice, head of steel practice and head of paper & forest products practice. He was also a Principal in Corporate Finance at Morgan Stanley based in New York.
He is a magna cum laude graduate of the University of Ottawa, where he received his bachelor’s degree in business administration. He also received his MBA from Harvard Business School. Rene has been married to Karen since 1984 and they have two adult children. Rene enjoys reading, travel, hockey, golf and is a PCA driving instructor.