Dennis Aust to Speak at Chicago Booth Finance Roundtable
Friday, April 30, 2010
POSTED BY Ricardo Bekin
The University of Chicago Booth School of Business
Enterprise Valuation: More Than Just Multiples?
May 13, 2010: 6:00 PM – 9:00 PM
In today’s “new normal” economic situation, valuation professionals are under increasing scrutiny to justify their enterprise valuations and explain the changes in enterprise value. Further, the analytical uses of enterprise valuations continue to grow beyond buy/sell transactions. What are the latest developments in financial valuation, accounting valuations, and management valuations? How do practitioners arrive at their enterprise valuations? What impact do valuations have on business activities?
Dennis N. Aust, Founder, CharterMast Partners LLC
Patricia Luscombe, Managing Director and Head of Valuation Services Group, Lincoln International LLC
Timothy R. O’Connor, Director, Valuation Services Group, Grant Thornton LLP
(Profiles at end of post)
Room 600 (Note Room Number
450 North Cityfront Drive
6:00 PM – 6:30 PM: Cash Bar and Networking
6:30 PM – 7:30 PM: Presentation and Discussion
7:30 PM – 8:00 PM: Panelist/Audience Q&A
8:00 PM – 9:00 PM: Cash Bar at the Midway Club, 5th floor, Networking and Discussion
Vern Broders Chair, Alumni Finance Roundtable
The GSB Alumni Finance Roundtable Committee
Vern Broders (1994)
Kevin Clarke (2008)
Michael Fisch (2002)
Scott Kemper (2006)
Jason Ricketts (2009)
John Salvino (2006)
Rich Thoroe (2007)
Dustin Weinberger (2006)
Dennis N. Aust has spent nearly 30 years developing and implementing value creation strategies,frameworks, and tools for Fortune 500 and mid-cap firms in a variety of industries. In 2001, he founded CharterMast Partners LLC, which provides public and privately held companies guidance, support, and insights for developing and implementing best-in-class strategies for value creation.
His writings covering strategic analysis, financial management, and innovation have appeared in the Journal of Private Equity and Director’s Monthly (NACD). He has contributed chapters to “The Valuation Handbook: Valuation Techniques From Today’s Top Practitioners” (Wiley, 2009), “Stock Options – An Introduction” (ICFAI Press, 2005), and “Managing Innovation in the New Millennium” (ICFAI Press, 2002).
He was recently featured speaker at the 2010 National Conference of the Association for Strategic Planning, and has also spoken at the National Association of Accountants (Annual Conference), the American Management Association, and ESG Investing Chicago. He holds an undergraduate degree in business and an MBA in management science from the University of Chicago Booth School of Business.
Patricia Luscombe is Managing Director and Head of Valuation Services Practice at Lincoln International. Patricia has more than 20 years experience in financial advisory and valuation services. She has delivered a broad range of corporate finance advice that resulted in the successful completion of corporate transactions and valuation and fairness opinions.
Patricia has advised portfolio companies of private equity firms and provided them with valuation and fairness opinions for transactions, including divestitures and recapitalizations, intra-fund transfers, and mark-to-market (fair value) accounting. Patricia’s clients have ranged from closely-held businesses to Fortune 500 companies, with a particular expertise serving businesses in the financial services, healthcare, consumer products, service and manufacturing sectors.
Before Lincoln International, Patricia spent 16 years with Duff & Phelps as a Managing Director in the firm’s valuation and financial advisory business. She was a founding member and Managing Director at Duff & Phelps in a management led buyout which occurred in 1995. Prior to joining Duff & Phelps, Patricia was an Associate at Smith Barney, a division of Citigroup Global Markets, Inc. where she managed a variety of financial transactions, including mergers and acquisitions, leveraged buyouts and equity and debt financings.
Patricia is a member of the Chicago Chapter of the Association for Corporate Growth and Business Valuation Association, the Chartered Financial Analyst Society of Chicago and a Board member and former president of the Chicago Finance Exchange. Patricia holds a Bachelor of Arts degree in economics from Stanford University, a Masters degree in economics from the University of Chicago and a Master of Business Administration degree from the University of Chicago Booth School of Business.
Tim O’Connor is a Director in the Economic Advisory Services practice of Grant Thornton located in Chicago. Tim is responsible for the development and provision of business and intangible asset valuation and transaction consulting services.
Tim has over 16 years of experience encompassing the valuation of business interests, capital stock, financial assets and intellectual property in connection with business combination decision support, financial reporting, corporate and estate tax planning and compliance, dispute analysis, information technology investment analysis, business plan development and ad valorem tax negotiations. Before joining Grant Thornton, Tim was a Director with PricewaterhouseCoopers Transaction Services Accounting and Valuation Advisory practice.
Tim has served private and public clients in a wide range of industries, including consumer and industrial products, publishing, automotive components, steel making and chemical processing, transportation, property insurance, computer software and telecommunications. Prior to his career in the valuation profession, Tim held positions in computer programming and systems design, and engineering consulting.
Tim earned his Master of Business Administration, with honors, from the University of Chicago Booth School of Business, and his Bachelor of Science in Civil Engineering from the University of Illinois. He is a member of the American Society of Appraisers.