Fall 2019
Columbia Business School Private Equity Program

Message from Donna M. Hitscherich ’90
Senior Lecturer in the Discipline of Business, Finance and Economics
Director, Private Equity Program

Donna M. Hitscherich
Dear Friends of the Private Equity Program:

We at the Private Equity Program want to wish you all a healthy and restful summer. It was wonderful to connect with so many of you this spring at each of the Annual Dinner, 2017 Reunion, Annual Student PE and VC Conference, and our recent alumni networking event addressing the current regulatory landscape, hosted by Alston & Bird.

As we expand our community and develop important connections between practice and theory, I would like to call your attention to the following:

• The Seventh Annual Deal Camp will take place the first weekend in December. This year we are again partnering with Executive Education to provide an opportunity for a limited number of professionals to attend Deal Camp. Individuals and firms interested attending or sending a candidate to Deal Camp should contact Greta Larson (gl2304@columbia.edu). Please also review our Deal Camp video.

• All Business School alumni are invited to participate in our research survey on technology and other societal influences on the various generations in today’s workforce. This research is sponsored by SAP Americas. We look forward to sharing findings with you. Access the surveys here.


• The Fellows Program continues to move forward with the class of 2017 lining up private equity industry positions. Some students are still engaged in the search process. Please let us know if you would like to see resumes and if we can be helpful in your hiring needs. We were grateful for the dedication this year of Michael Livanos ’08 and Michael Ciolli ’10 who helped lead the Fellows Program sessions along with our impressive roster of guest speakers and case presenters this year.

Welcome our new Advisory Board member, Steve Winograd ’82 and we look forward to Steve being part of our team.

Greta and I thank all of you who have reached out to us as we strive to fulfill the Program’s mission to bring together financial theory and practice in the private equity industry.

Kind regards,

Donna M. Hitscherich
Office: 212-854-0763
Email: dmh9@columbia.edu
Twitter: @dmhcbspe

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Fellows Program Update from Margaret Cannella ’76

Margaret Cannella ’76, Administrative Director of the Private Equity Program
As we wrap up the Private Equity Fellows program for this year, we wish to thank all our alumni mentors.

Fellows Program Video
Please take a moment to watch our new video with interviews with two of our recent graduates.
We also want to acknowledge those who visited our sessions, and prepared and taught proprietary cases, and others who enabled students and professors to develop private equity cases for use in Columbia Business School classrooms:

Kenna Baudin, Egon Zehnder
Charles Buaron ’14, TPG
Josh Ciampa EMBA ’16, First Atlantic
Adam Deutsch ’14, River Hollow Partners
Renata Dias da Motta Dinkelmann ’10, Egon Zehnder

Ami Dogra, CC ’99, Blue Mountain Capital

Mark Dzialga ’90, General Atlantic

Diana Fox ’15, Egon Zehnder

Josh Goldman ’12, One Rock Capital

Adam Glucksman ’03, Carlyle Group
Robert Groberg ’15, GenX360

Mark Hallock ’82, M2O Advisors

Brandon Hedvat, Carlyle Group

Steve Hickey JD ’87 MBA ’87, CVC and team

Albert Laverge, ’00, Egon Zehnder

Michael Livanos ’08, Stellex Capital Management

Courtney Mee ’15, JP Morgan

Al Prieto, Egon Zehnder

Jonathan Schilowitz ’12, Partners Group

Claude Shaw ’04, Egon Zehnder

Andres Small ’12, Partners Group

Chris Snyder ’12, Uniworld Capital

Jim Strang, Hamilton Lane

Tao Tan ’11, McKinsey

Kim Trautmann EMBA ’16, Goldman Sachs Read more

Private Equity Program Advisory Board

Gary Appel ’77 Executive in Residence, Columbia Business School; Vice Chairman of Corporate Investment-North America at Investcorp International Inc.
Jeffrey Barber ’01
 Managing Director, TA Associates, Inc.


Kenneth A. Buckfire ’87 Co-President & Managing Director, Miller Buckfire


Margaret Butler ’01 
 Shareholder, Greenberg Traurig
Neal Costello ’08 Managing Director, Alpinvest Partners
David E. De Leeuw ’69
 Co-Founder & and Co-President, Lion Chemical Partners
Hythem El Nazer ’08 Managing Director, TA Associates
Sean P. Epstein ’04 Head EMEA/MEE, SAP Global Private Equity
Stewart K.P. Gross ’87
  Managing Director, Lightyear Capital
  
Rebecca John ’01 Partner, Lexington Partners
Adam Reinmann ’04
 Managing Director, Wendel Group
Jeff Rojek ’96 Global Lead Partner, KPMG
Alisa A. Wood ’08 Member, Client and Partner Group, KKR

Members of the Advisory Board at the Centennial Dinner, May 2, 2016

 

Alumni News

Neal Costello ’08  has been named in Financial News’ fourth 40 under 40 Rising Stars in Private Equity list

Hythem El Nazer ’08
was promoted to Managing Director at TA Associates

Carlos Fisch ’14 is now on the Investment Team at Arcano

Robert Groberg ’15 is now Vice President at Blue Wolf Capital Partners.

Jeff Lavoie ’12 is now Senior Vice President, Dyal Capital Partners, Neuberger Berman

Jeff Mizrahi ’09 and Jonathan Schilowitz ’12 have launched MFG Partners

Vikram Pandit PHD ’86  has launched Orogen Group, a new investment vehicle backed by Atairos Group.

Lee R. Wrubel ’95  has joined Egon Zehnder’s New York office as an executive recruitment consultant and strategic talent advisor.

Congratulations to the Class of 2016 who are starting at their new jobs:

Joshua Ciampa ’16 EMBA, Aterian;Ari David ’16, AUA Private Equity Partners; Nick De Marco ’16 EMBA, Altus Capital Partners; Michael Echemendia ’16, Carlyle; Lee Farber ’16, Harvest Partners; Paul Furer ’16, Summit Partners; Gregory Gartin ’16, Rift Valley; Gregory Lisman ’16, Lone Star; Ernesto Padron ’16, H.I.G. Capital, Bayside; Towson Remmel ’16, Moelis; Joshua Skelly ’16, First Atlantic; Simon Smith ’16, Partners Group; Robert Dellinger ’16, Grey Mountain Partners; Pavlos Yeorgaroudakis ’16, CIM Group; Joseph Longosz ’16, Veritas; Colin McCarthy ’16, Grey Mountain Partners; Sylvia Qiu ’16, Cerberus; Kim Trautmann ’16 EMBA, DRW; Damien Vacherot ’16, Temasek;  Melody Xu ’16, Partners Group; Adam Yoran ’16, McKinsey and Co.


Welcome to our new colleague, Heidi Ihrig, who has joined Columbia and is working with the Private Equity Program:

Heidi Ihrig
Senior Associate Director, Major Gifts
External Relations and Development
E-mail:  hi2183@gsb.columbia.edu
Phone:  212-854-5831

Private Equity Program on Twitter

@Cbspe The PE Program on Twitter Read more



THANK YOU to the sponsors of this newsletter

 
 


Private Equity Program Research - Calling for Alumni Participation!

Enhancing Your Career Success in a Multi-Generational Workplace

The Program's research survey developed with Damon J. Phillips, Lambert Family Professor of Social Enterprise, has now been launched for alumni participation!



The survey will take about 20 minutes of your time. Thank you in advance for your participation!


UPCOMING EVENTS

December 1-4, 2016

Deal Camp 2016 will take place the first weekend of December. The Program will again work with Columbia Business School Executive Education to select a group of professionals to participate. This high-touch learning experience is ideal for career changers, and pre-MBA professionals.

Contact us for more information, and please view our new Deal Camp video:


Thank you to EY for its continued support of Deal Camp



RECENT EVENTS

February 19, 2016 - 22nd Annual PE+VC Conference
 
The 2016 PE+VC Conference Team. Visit the Slideshow.
 
April 15-17, 2016 - Reunion

The Changing Climate of Private Equity panel, L-R:Donna Hitscherich ’90, Director, Private Equity Program; Michael Cody ’76, Vice President of Corporate Development, Raytheon Company; Omar Asali ’01, President and CEO, HRG Group; Laurent Ganem ’86 Founder & CEO, Healthcare Private Equity LLP; Jeffrey Barber ’01, Managing Director, TA Associates Inc. Read more about Reunion 2016.

 
April 25, 2016 - Factory Visit

Professor Cannella and a group of students traveled to Illinois for a factory tour of Dynacast. They are currently finishing a Columbia Caseworks case on the Partners Group buyout of Dynacast.

 

May 2, 2016 - Centennial Dinner

 
The Program was proud to support the School at the Centennial Dinner at the Waldorf Astoria.
 
May 3, 2016 - Alumni Panel Discussion at Alston & Bird "Cybersecurity and Data Privacy"
Speakers, clockwise from bottom left:  Jesse J. Greene ’75, Senior Fellow, The Richard Paul Richman Center for Business, Law and Public Policy; Allan Grafman ’80, CEO, All Media Ventures; Donna M. Hitscherich ’90, Director, Private Equity Program, Columbia Business School Senior Lecturer in the Discipline of Finance and Economics; Sterling Thomas EMBA ’16, Fellow and Director of Advanced Analytics, National Security and Intelligence, Noblis; Kimberly Peretti, Partner, Alston & Bird; Lalit Panda, CEO, Versento LLC





Private Equity Program Photos

We are always posting new photos on our Flickr account!


FEATURED CONTENT: 3 Big Ways that Technology Impacts M&A

By Sean Epstein ’04, Head of SAP Private Equity, EMEA/MEE and Emmanuel Cassimatis, Head of Small & Mid Cap Private Equity, EMEA

"Most everyone would agree that technology has a role in M&A or at the very least an impact on its success. In early September of this year, hundreds of General Partners (GPs) and Limited Partners (LPs) gathered at the annual Capital Creation event in Monaco.  If there were a word cloud from these conversations the phrase “value creation” would have stood out the most.  Funds and their LPs are prioritizing this element of their investment thesis, or criteria for allocating funds.  More than ever, they recognize that technology has come from being an enabler to being a source of competitive advantage.  At a time where there is high liquidity, being able to create operational value through technology has become a key success factor, a door to efficient value creation." Read the executive summary of what investors need to know about the impact of technology on M&A. 



Additional Research

July 26, 2015 - The research of Professors Charles Calomiris and Donna M. Hitscherich appeared in the Financial Times, "Go-shop provisions: buyer beware OM Group and Apollo deal shows a final bid is not necessarily final."