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The 2007 Wharton Economic Summit ::
Panels
| Wall Street Meets Hollywood: Investing in Media and Entertainment Ventures (Part 2) |
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Moderator: Peter Fader, Frances and Pei-Yuan Chia Professor; Professor of Marketing Panelists: Arthur H. Bilger, Clark Callander, William P. Egan, Howard A. Lipson, Marc A. Utay |
| Thursday, April 12 - 10:00 a.m.-10:45 p.m.(Part 1) 11:00 a.m. - 12:15 pm (Part 2) :: Full Summit Schedule |
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Although industries such as film, music, and television have been going through some turbulent times lately, they have been attracting increasing attention from sophisticated investors who see media & entertainment (M&E) as an attractive area. What do these investors look for in a potential M&E investment? How do they balance their usual "due diligence" mentality with the creative perspectives typically associated with an M&E project? This two-part panel will share current views of M&E investment strategies as well as longer-term projections about how the M&E world might change as a result of these activities. Part one will feature an expert speaker, and part two will feature a panel discussion. |
| Panelists |
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:: Arthur H. Bilger , W'75
Co-FounderShelter Capital Partners Art Bilger currently serves as the Managing Member of Shelter Capital Partners, LLC, an entity engaged in venture capital investment management, which he founded while acting as the Vice Chairman of Akamai Technologies, Inc. (a provider of global, high-performance services for the delivery of internet content, streaming media and applications). He is an investor in and director of various private companies engaged in activities where content is integrated with new technologies. From 1994 until its sale to News Corporation in 1997, he was the President, Chief Operating Officer and a director of New World Communications Group, Inc., a television production and broadcasting company. From 1990 through 1994, he was a founding partner of Apollo Advisors, LP, an institutional private equity firm. In 1977, He joined Drexel Burnham Lambert Inc., where he served in numerous capacities until 1990, including as Executive Vice President, co-Head of Corporate Finance and a director. Art serves as a member of the University of Pennsylvania's Wharton School Board of Overseers. His other affiliations include Vice Chairman of the Skirball Cultural Center, a member of the Museum of Contemporary Art board of directors and a board member of Bet Tzedek, a legal services organization. All based in Los Angeles, California. Art Bilger's successful career began with the completion of his B.S. in Economics from the University of Pennsylvania and subsequent MBA from the University of Chicago. |
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:: Clark Callander , WG'86
Managing DirectorSavvian LLC Clark N. Callander is a managing director and member of Savvian, LLC (previously named Perseus Group), a growth-focused investment bank based in San Francisco, New York and Chicago. At Savvian, Mr. Callander is a member of the Capital Markets Group, where he focuses on growth financings, restructuring and capital markets advisory assignments for the clients of the firm. Since the inception of the firm in 2003, this team has completed over $2 billion in such transactions in the technology, media, telecommunications, healthcare and consumer services spaces. Prior to co-founding Savvian, Mr. Callander was a managing director at Robertson Stephens ("RS"), responsible for both RS's Corporate Finance efforts, as co-head of Corporate Finance, and as the Global Head of the Private Capital Markets Group ("PCMG"). Robertson Stephens was a powerhouse in the growth-focused investment banking arena until its closure in 2002. The Private Capital Market Group at RS directed all sales of exempt securities for the RS's public and private corporate clients, including private placements of common and preferred stock, convertible notes, exchange offers, private high-yield notes, leveraged recapitalizations and exclusive sales of companies to financial investors. Under Mr. Callander's direction, the PCMG grew from a concept to the number one global leader in growth financing for several years running. In addition, Mr. Callander's responsibilities included membership on the Management Committee, Capital Commitment Committee and various other management and oversight committees of RS. Mr. Callander received his BS from Stanford University and an MBA from The Wharton School of the University of Pennsylvania. |
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:: William P. Egan , WG'69
Founder and General PartnerAlta Communications Inc William P. Egan is a founder and general partner of Alta Communications. He founded Alta's predecessor firm, Burr, Egan, Deleage & Co., in 1979, and has identified and backed several of America's leading growth companies in the information technology, life sciences, and communications industries. Prior to founding Burr, Egan, Deleage & Co., Mr. Egan was a partner at TA Associates. He began his career as a manager of Venture Capital for New England Enterprise Capital Corporation. Mr. Egan is past president and chairman of the National Venture Capital Association, a trustee of Fairfield University, a trustee of the University of Pennsylvania, and a Graduate Board Member of The Wharton School. He is also a member of the Board of Directors of Cephalon, Inc., CRH, plc, and also serves on several Boards of Directors of various privately held communications, cable, and information technology companies. Mr. Egan received a degree in Economics from Fairfield University and an MBA from the University of Pennsylvania's Wharton School. |
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:: Howard A. Lipson , W'86
The Pilot Group LLCHoward A. Lipson is a member of Pilot Group Manager LLC, a non-traditional private equity fund that focuses on media and other marketing-driven businesses. Prior to Pilot Group, Mr. Lipson was a senior managing director in the private equity group of The Blackstone Group L.P., a firm he joined in 1988. While at Blackstone, Mr. Lipson was responsible for and involved in the execution of Blackstone's purchase of Six Flags, in which Pilot Group's founder Robert W. Pittman acted as CEO; the acquisition of Graham Packaging and Columbia House, and Blackstone's investments in Universal Orlando, Allied Waste Industries, Centerplate, MegaBloks, UCAR, US Radio, and Transtar, among others. Prior to joining Blackstone, Mr. Lipson was a member of the Mergers & Acquisitions Group of Salomon Brothers Inc. Mr. Lipson graduated with honors from the Wharton School of the University of Pennsylvania. |
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:: Marc A. Utay , W'80 WG'81
Managing DirectorClarion Capital Partners, LLC Marc A. Utay is managing partner of Clarion Capital Partners, a private equity investment firm. Prior to joining Clarion, Mr. Utay was a Managing Director of Wasserstein Perella & Co., Inc. and a member of the firm's Policy Committee. Mr. Utay co-headed the firm's Leveraged Finance, Retailing and Media, Telecommunication and Entertainment groups. He was also responsible for the firm's investments in IMAX Corporation and ALL-CLAD Holdings, Inc. Prior to joining Wasserstein Perella, Mr. Utay was a managing director at Bankers Trust Company. Before joining Bankers Trust, Mr. Utay was the managing partner of Kent Capital Partners, a principal investment firm. Mr. Utay was also a member of the mergers and acquisitions department of Drexel Burnham Lambert from 1983-1990. Mr. Utay serves on the Board of Trustees of United Jewish Appeal of New York and is a former member of its Executive Committee and former Chairman of the Wall Street Executive Division. He is Chairman of the New York Executive Board of the Simon Wiesenthal Center and a member of its national Board of Trustees. Mr. Utay received an MBA from the Wharton School in 1981 and graduated magna cum laude from the University of Pennsylvania, receiving a Bachelors of Science degree in Economics in 1980. He lives in New York City with his wife and two sons. |
