0 comments on “DealCloud Connect New York”

DealCloud Connect New York

On Thursday, June 6th 2019, DealCloud hosted its 2nd annual Client Summit in New York. The event brought together over 250 capital markets professionals (with over 141 unique firms in attendance) alongside 8 sponsors from the industry.

The day consisted of high-quality, industry-specific panel discussions and breakout sessions, including platform tips and tricks, as well as on-site technical support through our DealCloud University Labs. 

A Tale of Two Coasts – from Blackstone to Airbnb

Laurence Tosi, former CFO of Airbnb and the Blackstone Group opened the Conference with a fireside chat with DealCloud’s CEO Rick Kushel.

In total, 21 of DealCloud’s clients presented their best practices, tips, and tricks throughout the day. One panel discussion focused on the key strategies for modernizing a firm’s operations, while another zeroed-in on ways for firms to get the most out of the DealCloud platform.

Harry Moseley, CIO at Zoom and former CIO at KPMG closed the day with a keynote on the “Digital Transformation and the Future of Work: How Zoom is Changing Work in the Digital Economy.”

0 comments on “DealCloud Spring 2019 Events”

DealCloud Spring 2019 Events

DealCloud will be hosting, sponsoring, exhibiting and participating in incredible events this spring.

We look forward to seeing you there!

SIFMA C&L Annual Seminar

Sunday, March 24th – Wednesday, March 27th
Phoenix, AZ

DealCloud and Maestro Roundtable Discussion

Thursday, April 18th
San Francisco, CA

Private Equity US Forum

Monday, May 6th – Tuesday, May 7th
New York, NY

InterGrowth International 2019

Monday, May 6th – Wednesday, May 8th
Orlando, FL

0 comments on “DealCloud Winter 2019 Events”

DealCloud Winter 2019 Events

DealCloud will be sponsoring, exhibiting and participating in incredible events this winter we look forward to seeing you there.

ACG OCACG OC – 17th Annual Private Equity Mark  etplace Deal Flow & Wine Tasting, Wednesday, January 16th, Orange County, CA

ACG CH.gifCharlotte Private Equity Review: PE-backed CEOs, Thursday, January 17th, Charlotte, NC

EXP.png    An Exponent Evening, Thursday, January 24th, New York, NY

STERN.png     Private Equity Club at NYU Stern, Friday,  February 22nd, New York, NY

SuperRetrun INSuperReturn International, Tuesday, February 26th  –  Friday, March 1st, Berlin, Germany

PEI The 4th Annual Benelux Private Equity Conference, Thursday, March 7th, Amsterdam

ROTH  31st Annual ROTH Conference, Sunday, March 17th –  Tuesday, March 19th, Orange County, CA



0 comments on “What’s on the Docket? Maintaining Transparency with a Firm-Wide Calendar”

What’s on the Docket? Maintaining Transparency with a Firm-Wide Calendar

No matter the size of your firm, there’s sure to be many moving pieces to many different deals at any given time. With the rush to close these deals before the holiday season is upon us, it’s critical that the team meet their deadlines and stay focused. For the leadership teams within private equity and investment banking firms, it can be especially difficult to keep track of people and their activities.

To make sense of all the comings and goings, as well as all the day-to-day milestones and events, we suggest creating or populating a firm-wide calendar into your CRM. This technology can help you manage and increase visibility into firm-wide business development efforts and travel plans at any time of year. Below, we explore several commonly-asked questions and examine where and how technology can help.

Who’s traveling this week/month, and to where?
While it may seem like a simple suggestion, a great number of private equity and investment banking firms still don’t keep track of each individual’s travel plans. This type of functionality increases visibility into the key trade shows, conferences and events that the firm will be represented at. It also shows which geographic regions a person or team of people is traveling to. Having a quick reference calendar in centralized place will help your team members more quickly triangulate relationships and further business development opportunities.

DealCloud makes it easy for everyone to sync their calendars and enable transparency.

How prepared are we for this month’s activities?
The leadership at private equity and investment banking firms should encourage the use of calendars and highly-visible deadlines for planning purposes, as well. We suggest integrating these calendars into Monday morning meetings so that the group can discuss what each person needs. From the need for new marketing collateral to the need for increased diligence resources in the run-up to an LOI, these calendars will help the team become more prepared for all of the upcoming and various business development and deal activities.

What major deadlines are about to hit?
Another use case for creating/implementing a firm-wide calendar is to maintain increased visibility on deadlines and deal milestones. These can and should be customized to match the business development and deal processes that exist elsewhere in your CRM. So, for example, if your firm is tracking several management meetings and IOIs, those can be seen on the calendar.

In addition to your calendar, easily track your tasks in a central location with DealCloud.

Are there any roadblocks? Which team members have bandwidth to assist?
Increased transparency helps your team to more quickly identify potential roadblocks or barriers to getting a task completed or a deal to close. If these impediments are identified, it’s important that you’re able to act quickly. Leveraging tools like staffing dashboards (seen below) can help you easily discern which team members have the capacity to jump in and help. The calendar, with its visibility on the team’s travel plans, will also help you to see if that person will be in the office, working remotely or out of pocket.

By tracking pipeline and business development activities in DealCloud, management views like staffing dashboards are easily generated.

Having this type of transparency will help the firm’s leadership team maintain a view of the staff’s progress towards its goals. It also encourages team members to help one another out when needed. With the New Year quickly approaching, it’s a great time to encourage your team to make new habits – such as calendaring their activities – to help move the needle forward for the entire firm.

To learn more about our best practices for maintaining visibility on firm-wide activities and goals, contact us today!

0 comments on “Why Do Your Deals (Still) Fall Apart?”

Why Do Your Deals (Still) Fall Apart?

In 2010, Inc’s John Warrilow reported on the fact that private equity giant Riverside Company closed only 15 of the 4,228 acquisitions it considered in 2009. Around the same time, Harvard Business Review reported that over 50% of deals don’t close, or fall short of expectations.

Undoubtedly, a lot has changed in the world of the private capital markets since then. Between the steady resurgence and growth of the U.S. economy we’ve witnessed of late and the more favorable tax circumstances for privately-held companies, dealmakers should feel like the days of low close rates are in the past. But do they?

In the increasingly competitive deal landscape of today, the last thing private equity professionals want to do is chase deals down rabbit holes and come up with nothing. But given all of the room for error that still exists in any merger or acquisition process, there will certainly always be a percentage of deals that fall apart.

Instead of accepting defeat, we’ve compiled our four best recommendations for “making lemonade,” so to speak, using data and learnings from our clients over the past decade.

Track who was involved

Seasoned intermediaries keep deal negotiation fair and honest, and keep emotion from getting out of hand. If a certain intermediary keeps the deal on the tracks for a long time, that should certainly be noted. Conversely, if an intermediary brings an incredible deal to your firm’s doorstep, but then can’t execute an IOI, that should also be considered when making future decisions.

Similarly, the firm should maintain detailed records of every business development, deal or operational professional that participated in the deal process. If, for example, getting a operations team member with expertise in healthcare helps to accelerate and close a deal in that industry, that should be tracked. Doing so will help your team be more critical of when and how it pulls key personnel into the fold and get the deal to close.

Don’t forget about your diligence efforts

All too often, private equity firms consider deals, begin the IOI and LOI processes, and hit a snag in diligence. Especially when the diligence work is outsourced, that knowledge rarely makes it back into the firm’s proprietary database. All diligence data and findings should be readily accessible in your CRM systems or virtual data rooms.

Perform a bid analysis

Keeping consistent and detailed records of the volume of bids submitted, as well as the amount, will certainly help your private equity perform discern whether or not it missed out on a deal they could have, or should have closed. No matter if the bid was too high or too low, your team will be able to use this data to more accurately submit future bids for deals of a similar size or industry.

In 2016, Sutton Place Strategies found that only 25% to 30% of companies brought to market are sold. That means that your fail rate is, in essence, everyone’s fail rate. No matter what – be sure to keep track of whether any bid was accepted. You can learn a lot about the deals that never close with anyone!

Don’t sugarcoat it

When your team loses a deal, a detailed reason for the failure should be accounted for within your CRM. That data is extremely valuable because it can be leveraged to inform future strategies and guide the way the team spends time and resources.

Whether that information leads you to halt certain business development activities for a period of time, or double-down on the existing strategy, having the visibility (backed by data) helps to better steer the ship.
In the nearly 10 years since John Warrilow’s reported on Riverside’s abnormally low close rate, which mistakes does your team still make when trying to close deals? And which of the circumstances impacting the close rate does your team have in its control? Without a high-powered technology fueled by data, your firm might never know. While no tool could ever  guarantee a closed deal, the key to modern dealmaking is to harness data and technology so that the likelihood of close can be increase

0 comments on “DealCloud recognized by Charlotte Business Journal’s Fast 50”

DealCloud recognized by Charlotte Business Journal’s Fast 50

Last week, the DealCloud team was honored to be recognized by the Charlotte Business Journal’s Fast 50, which recognizes the fastest growing companies in the region. Earlier this year, DealCloud added its 200th new client of 2018 which represents a 40% growth in new clients over the same period last year.

For full coverage of the awards event, please visit: https://www.bizjournals.com/charlotte/news/2018/12/07/photos-quick-growth-companies-honored-at-cbjs-fast.html

DealCloud Fast 50