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M&A Update: ESOP Financing as a Viable Exit Strategy

Tax, Accounting and Finance CLE

M&A Update: ESOP Financing as a Viable Exit Strategy

Live Webcast Date: Monday, March 28, 2016 at 10:00 am - 12:00 pm (ET)
Tax, Accounting and FinanceRecording

An alternative exit strategy for owners of privately-held business trying to sell their business in this challenging market environment for business buyers is a sale to a newly created Employee Stock Ownership Plan (ESOP).  In this Knowledge Group webcast, a panel of distinguished professionals will discuss which companies would be a viable candidate for this structure and describe the tax and other advantages of this possible exit strategy including, among other things:

  • The mechanics and timing of the ESOP transaction
  • The "almost too good to be true" tax benefits available to the selling shareholder(s) and the company
  • The characteristics of a successful ESOP candidate
  • How ESOP-owned companies are valued
  • The overall pros and cons of an ESOP transaction

This webcast will provide M&A, tax and related professionals as well as business owners and executives with a comprehensive overview of the hows and whys of ESOPs as a liquidity/exit planning strategy for shareholders of privately-held companies.  Attending this course will give you the tools you need to understand whether and how to pursue an ESOP sale as an alternative exit strategy. Advanced registration is recommended as space is limited.

Who Should Attend

  • M&A
  • Tax
  • T&E and ERISA Attorneys
  • CPAs
  • private company owners/shareholders
  • finance executives
  • business advisors (M&A and wealth planning)
  • CEOs, CFOs and etc. 

Faculty

Andrew Daly

Andrew Daly
Special Counsel Attorney
Gray Plant Mooty

David R. Johanson

David R. Johanson
Partner
Hawkins Parnell Thackston & Young LLP

Sarah Hewitt

Sarah Hewitt
Partner
Schnader Harrison Segal & Lewis LLP

Click Here to Read Additional Material

SEGMENT 1:
Andrew Daly, Special Counsel Attorney
Gray Plant Mooty
  • Some of the tax benefits

SEGMENT 2:
David R. Johanson, Partner
Hawkins Parnell Thackston & Young LLP
  • SECTION 1042
  • ERISA Fiduciary issues

SEGMENT 3:
Sarah Hewitt, Partner
Schnader Harrison Segal & Lewis LLP
  • Financing aspect for ESOP transactions

Andrew Daly

Andrew DalySpecial Counsel AttorneyGray Plant Mooty

Andy Daly is an attorney in the Minneapolis office of Gray Plant Mooty and is part of the firm's Employee Benefits and Executive Compensation practice group. He has over ten years of experience working with ESOP companies on all issues related to ESOPs with extensive experience on the feasibility, design, and administration of plans.  He has been a frequent speaker on ESOP topics.  Andy also works on benefit, ERISA, mergers and acquisitions, and nonqualified deferred compensation matters.

Since 1973, Gray Plant Mooty’s ESOP team has represented corporations, selling shareholders, trustees, and lenders in ESOP transactions.  The ESOP team is led by lawyers who concentrate their practices on ESOPs.  Because it is part of a full-service law firm, the ESOP team is able to draw on the expertise of corporate finance, mergers and acquisitions, tax, securities, employment, lending, and estate planning lawyers.  The ESOP team also provides day-to-day advice to ESOP companies and fiduciaries.

David R. Johanson

David R. JohansonPartnerHawkins Parnell Thackston & Young LLP

David R. Johanson is Partner-in-Charge of the Napa office of Hawkins Parnell Thackston & Young LLP.  He has offices in Napa, San Francisco, Los Angeles, and New York with a team of more than 20 partners, associates, and paralegals to cover his national client base. David and his team assist in general corporate matters and in employee ownership, benefit, ERISA, and related business matters, with an emphasis on executive compensation, equity incentive plans, non-qualified deferred compensation, employee stock ownership plans (ESOPs), ESOP transactions, mergers and acquisitions (and related tax planning), and business succession and estate planning. David and his team have defended ERISA fiduciaries, plan sponsors, selling shareholders, and investment advisers in ERISA litigation matters involving ESOPs and business transactions in federal and state courts throughout the country in a wide range of controversies covering ERISA fiduciary responsibilities, ESOP valuation disputes, disclosure obligations, investment issues, non-competition disputes, and tax matters. David has extensive experience in negotiating ESOP, ERISA, and other issues with government regulatory agencies and in representing ERISA fiduciaries and members of Boards of Directors and officers in state and federal litigation throughout the country.

Sarah Hewitt

Sarah HewittPartnerSchnader Harrison Segal & Lewis LLP

Sarah Hewitt is chair of Schnader Harrison Segal & Lewis LLP’s Corporate and Finance Practice Group. She represents public and private companies, including emerging companies, family businesses, women and minority-owned businesses and nonprofit corporations, in the areas of corporate and securities law, private equity and venture capital financing, mergers and acquisitions, corporate governance, and general corporate counseling. She has also represented borrowers and lenders in secured and unsecured financing transactions, including asset-based loan transactions. She advises clients in a wide range of industries, including art, energy, financial services, gaming, mining, services, software, technology, and telecommunications.

Ms. Hewitt counsels companies and investors, as well as directors, executive officers, and shareholders, in a wide variety of matters including domestic and cross-border mergers and acquisitions; divestitures, restructurings and reorganizations as well as related financings.

Course Level:
   Intermediate

Advance Preparation:
   Print and review course materials

Method Of Presentation:
   On-demand Webcast

Prerequisite:
   NONE

Course Code:
   145360

NASBA Field of Study:
   Finance

NY Category of CLE Credit:
   Areas of Professional Practice

Total Credits:
   2.0 CLE

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About the Knowledge Group

The Knowledge Group

The Knowledge Group has been a leading global provider of Continuing Education (CLE, CPE) for over 13 Years. We produce over 450 LIVE webcasts annually and have a catalog of over 4,000 on-demand courses.

About the Knowledge Group

The Knowledge Group

The Knowledge Group has been a leading global provider of Continuing Education (CLE, CPE) for over 13 Years. We produce over 450 LIVE webcasts annually and have a catalog of over 4,000 on-demand courses.

Gray Plant Mooty is recognized as one of the leading corporate law firms in Minnesota and one of the top franchise firms in the world. Its roots go back to 1866. Today, GPM is a full-service firm with more than 180 attorneys and offices in Minneapolis and St. Cloud, Minnesota; Washington, D.C.; and Fargo, North Dakota. GPM’s attorneys and staff provide exceptional client service and value to its clients, and directly or with its global affiliations, GPM provides comprehensive legal services on a regional, national, and global basis.

Website: http://www.gpmlaw.com/

Over the last half century, Hawkins Parnell Thackston & Young LLP has grown to include more than 150 lawyers in nine offices located in Atlanta, Austin, Charleston, Dallas, Los Angeles, Napa, New York, St. Louis and San Francisco. We represent some of America’s largest corporations, small local businesses and individual clients in high risk litigation and business disputes across the country in all 50 states. As national leaders in their fields of expertise, our ESOP, Employee Benefits, M&A, Tax & ERISA group brings extraordinary depth in perspective when advising clients in connection with retirement plans, equity incentives, executive compensation, shareholder issues, fiduciaries, mergers and acquisitions, and employment and benefits litigation throughout the country. 

Website: http://www.hptylaw.com/

Schnader Harrison Segal & Lewis LLP provides first-rate legal representation to corporations, municipalities, nonprofit organizations and individuals throughout the world. The firm’s philosophy is to tailor each representation to each client. Schnader attorneys take the time to understand clients’ business needs and priorities and respond with innovative, practical and cost-effective solutions. The firm’s clients span a wide array of industries, including aviation, manufacturing, insurance, education, banking, distribution, technology, energy, professional services, retail and real estate. With 160 attorneys located in eight offices around the United States, Schnader leverages the business acumen, litigation skills, and industry knowledge of its attorneys to provide a full suite of legal services.

Website: http://www.schnader.com/

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