Each spring of each year, BSG recruits and assembles a panel of private equity-backed CEOs who have successfully exited their businesses in the prior 12-18 months to share their lessons learned at a private dinner held for private equity-backed CEOs, and their PE investors at the Dane Estate in Chestnut Hill, Massachusetts. By Invitation Only.
This year's panel includes 4 prominent CEOs who have led successful exits for private equity-backed, middle market companies. Meet them here:
Stephen DeFalco, former CEO of Crane Currency, acquired by Crane & Co, Dec. 2017
Stephen DeFalco leads global, technology businesses. He drove a successful $800M exit at Crane Currency a private equity backed/family owned global technology company focused on supporting the security of currency programs at central banks globally. He is also Chairman at Senseonics, a NYSE listed diabetes care company with a novel implantable continuous glucose monitor. Previously he was CEO of MDS a $1.2B revenue life sciences company with 5000 employees in 29 countries. Prior to that he held leadership positions at US Genomics, PerkinElmer, United Technologies, McKinsey & Company, and IBM.
“Crane Co. of Stamford, Conn., a diversified manufacturer of highly engineered industrial products, announced today that it had signed an agreement to purchase Crane Currency for $800 million from the private equity firm Lindsay Goldberg of New York City, and the Crane family, who own the company jointly.”
Peter McClennen, CEO of Best Doctors, acquired by Teladoc in July 2017
With more than 25 years of healthcare leadership experience, Mr. McClennen has a proven track record of building and managing successful, high-performing organizations focused on growth. In his role as chief executive officer of Best Doctors, he oversaw the global expansion of the company’s product portfolio and eventual acquisition by Teladoc. As president of dbMotion, an innovative provider of medical informatics, Mr. McClennen was integral in building a successful business from its inception. He has also held senior leadership operations positions at noted healthcare leaders Allscripts Health Solutions, GE Healthcare, Fujifilm Medical Systems, and AMICAS Inc.
“In its largest acquisition to date and one of the top digital health deals of the year, Teladoc has acquired second opinion service Best Doctors in a $440 million deal, including $375 million cash and $65 million in equity. Revenue for Best Doctors added up to $92 million last year and is projected to be $100 million this year”
Chris Allen, CEO of iDevices, Investor, Enhanced Capital Partners – undisclosed amount
Chris Allen is President of iDevices and a proud member of the Hubbell family of companies. Prior to iDevices, Chris comes from an investment background having worked for over 15 years for A.G. Edwards & Sons (now Wells Fargo Investments), Prudential Financial and Allstate. When it comes to technology, Chris believes that, “Technology should be invisible to the user and any devices should merely exist to enhance the users daily life.”
“iDevices®, the preeminent brand in the connected home industry, announced today that they have been acquired by Hubbell Incorporated of Shelton, Connecticut. iDevices will join Hubbell’s large portfolio of brands that manufacture and sell electrical and electronic products for residential, commercial, industrial, and utility applications.”
Tom Beecher, former CEO of Cartera Commerce, Investor Comvest Partners– undisclosed amount
Tom is an experienced growth company CEO. He also serves on the Board of Advisors for Ellevation Education, a successful startup serving English Language Learners. Investors include Emerson Collective and Zuckerberg Education Ventures. Previously, he was a member of the Board of Directors at BzzAgent, a successful word-of-mouth marketing company, from 2007 until its 2011 sale to Tesco. Investors included Flybridge and General Catalyst.
“Ebates the pioneer and leader in online cash back shopping and subsidiary of the global Internet services company Rakuten, today announced the acquisition of Cartera Commerce, a leading provider of loyalty marketing solutions and rewards programs that increase revenue and customer loyalty.”
Our report from last year’s “Lessons Learned” event can be previewed here if you’d like to get a flavor for the event and related content.
For invitation inquiries, email officemanager@bsgtv.com
