1. A Continuing Education
Summer 2005 Workshop for
■ Principals and owners of closely held businesses
■ Operating and financial managers anticipating
succession or recapitalization opportunities
■ CPAs and other financial advisors to owners and
management teams
Every business owner should have a vision for
that business, and for himself, which includes a
carefully thought out “Exit Plan”. The Exit Plan
drives the daily “dashboards”, rolling forecasts,
annual budgets, annual initiatives, corporate
development, human resources, capital structure
and succession. This seminar addresses the
importance of the vision for the business and the
relationship of the CEO and the CFO to support
that vision.
What You Will Learn:
■ Why sellers are less prepared than buyers
■ What are the issues in a highly leveraged
transaction
■ How to evaluate management preparedness
■ What is EBITDA and its relationship to
enterprise value
■ How to avoid the forced sale
The Major Topics:
■ Succession risks to business owners
■ How does management buyout an owner
■ CFO and CPA’s role in supporting succession
and recapitalization
■ Best practices in a highly leveraged transaction
■ Disciplines supporting succession
■ Avoiding common mistakes
■ Anticipating due diligence
Course No.: EECR 1347
Unit(s): .8 CEU
Schedule No.: 10679FS/10680FS
Fee: $195/$185 (per person with two or more
from same organization) (Workshop fee includes
class materials)
Day(s)/Date(s): Tuesday, July 12 (1 meeting)
Time: 8:30 am–5 pm
Location: SAN BERNARDINO—CSUSB,
Lower Commons–Sycamore Room
Instructor(s): Robert Tormey, CPA, M.B.A., is a
partner with Tatum Partners. He has been chief
financial officer for five portfolio companies of
four private equity groups. He has sold two
businesses in which he was a principal. Mr.
Tormey is a CPA and member of the CalCPA
Inland Empire chapter. He is currently chair of
Members in Industry for the chapter.
Registration Deadline: July 5
The Care and Feeding of Your Exit Plan:
Lessons Learned from Private Equity
Register online at http://cel.csusb.edu or
call (909) 880-5979 for more information.