Cascade Partners with Leader Dogs For The Blind

SOUTHFIELD, MICH (June 14, 2018)

Cascade Partners was a lead sponsor of the 3rd Annual Bark and Brew. This year's event drew over 2000 people and raised $80K for the organization. Since 1939, Leader Dogs has been empowering people who are blind, visually impaired or deaf-blind with skills for a lifetime of independence. All programs are provided free to clients, including equipment, travel, meals and housing during training.

Leader Dogs also operates a Prison Puppies initiative where qualifying inmates care for, socialize and prepare the puppies for their formal training. Some of the most successful guide dogs have been produced by this program. The initiative also has a profound impact on prisoners' rehabilitation. The nationwide prison recidivism rate hovers around 50%, but is only 17% for inmates in the Prison Puppies program: a proven win-win-win project. Inmates have the opportunity to develop responsibility and positive personal skills. Leader Dogs has a pipeline of well-trained dogs primed to begin their formal instruction and the clients receive exceptional canine partners who help them live more independent and fulfilling lives.

Our mission goes beyond the transaction; we create transformative solutions for people and are proud to support the life-changing work of Leader Dogs For The Blind.

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Industry experts team up to present a comprehensive workshop on Buying and Selling a Business

SOUTHFIELD, MICH. (June 5, 2018)

Hosted by the Michigan Association of Certified Public Accountants, the four-hour workshop on June 13th  will examine the vital roles played by CPAs, attorneys and investment bankers in helping their clients navigate a successful transaction process.

“This seminar will help illuminate the core objectives of M&A and the values and demands of a transaction.   We strive to be an advocate for the business owner and their team – what we do complements the investment banker and supports the legal side while keeping the client advised of potential tax risks and evaluating critical components of the deal. I am looking forward to sharing our ideas and best practices in this innovative seminar,” states Mike Lorenz, Partner at Cohen & Company.

“It is critical when advising a client in an M&A transaction that the accounting, financial and legal advisors work in a team-based manner in order to optimize the outcome for the client.  I am excited to share my experiences working on key aspects of business transactions, including purchase price adjustments, representations and warranties, and indemnity provisions.  I am honored to participate in this panel with colleagues I know, trust and respect, and I think the audience will benefit from that shared expertise,” says Kevin Block, Kerr Russell member (M&A, business and corporate law, finance). 

“With any type of deal, it is essential to be prepared during the deliberations and exploration phase in order to ensure you are going above and beyond in the service of your client,” states Christopher Moceri, partner at Jaffe Raitt Heuer & Weiss. “This seminar will discuss a number of strategies that you should employ to help drive value before your client enters the negotiation phase of the deal.”

According to Mike Brown, Partner and Managing Director at Charter Capital Partners, “Pre-marketing preparation is the key to executing a successful transaction, and we’ll explore those elements in this workshop. Sell-side due diligence, for example, is just one way that sellers can identify and potentially mitigate risks well in advance, ensuring the likelihood of a smooth transaction.”

“This workshop will present a holistic look into the M&A process from planning to exit”, says Gary N. Lewis, Managing Director at Cascade Partners.  “This is a great opportunity for CPA’s and their clients to benefit from the insights and deep transactional expertise represented on this panel.”

For more information, and to register, click here.

 

 

Healthcare Industry Report Now Available

Factors Driving Consolidation in the Physician Provider Market

Consolidation is occurring at a rapid pace, and a lot of it is being driven by the following factors:

  1. Many new and young physicians are opting out of owning a practice due to lifestyle and financial changes, including higher student loan debt and desire for a defined salary and a more balanced schedule.
  2. Ongoing changes in quality reporting requirements and growing reimbursement scrutiny are increasing the cost and complexity of running a physician practice. Physician practices have had to invest in additional staff, systems and time to meet these increasing demands. The implementation of MACRA is exacerbating this problem for practices.
  3. The consumer environment in healthcare is changing dramatically as costs are shifting to patients from employers and insurers. As consumers bear more of their healthcare costs, they are seeking out information on pricing and quality and increasingly shopping around to find the best quality/value physician for their specific healthcare needs.

Gary Lewis Rejoins Cascade Partners

Gary Lewis rejoins Cascade Partners as part of the organization’s leadership team and will focus on mergers and acquisitions advisory. He will also lead the firm’s Financing Advisory activities drawing on his extensive experience as a private equity investor and sourcing and structuring unique debt and equity capital solutions for middle market companies.  

“We are excited to welcome Gary and his 20 years of investment banking, private investing and operating experience back to Cascade Partners.” says Rajesh U. Kothari, CFA, managing director. “His leadership coupled with his deep merger and acquisition and capital raising experience strengthens the resources and tools we have to offer to our clients and partners.”

Over the course of his career, Gary Lewis has worked with both middle market and Fortune 500 clients across a variety of industries, including healthcare, consumer/retail, business services and niche manufacturing.

The individual deal: Born of the recession...

Rajesh U. Kothari, CFA, spent some time speaking with Tom Henderson of Crain's Detroit on Strength Capital, a Birmingham-based private equity firm.

Strength stumbled onto the non-fund model as necessity required, but serendipitously it turned out to be ahead of the curve, says Rajesh Kothari, managing director of Cascade Partners LLC, a Southfield-based investment banker.

"This is a big trend in the industry, but these guys were pretty early doing it," he said. "It's been an evolution. The interest by investors, now, is less around funds and more on deals. Strength Capital has been able to find good deals. It's been a win-win for them. It's worked out great.

"Investors say, 'Let's not invest in a blind pool, let's invest in what we like.' The negative is, before, you were getting a portfolio of companies, so a bad deal could be offset by a good one. But if you are only investing in one company, all your eggs are in one basket."

Read the full article here.

Cascade Partners' Industrials Report Now Available

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Cascade Partners has released its Industrials Industry Update highlighting some of the key trends in manufacturing. Some highlights from the report include:

  • The U.S. industrials market remains the most active and vibrant in the world
  • Opportunities are robust for both buyers and sellers
  • Sluggish organic growth and a desire to contain costs have led many manufacturing executives to utilize mergers and acquisitions as a tool to accelerate growth, increase scale and capture market share.