Renaissance Partners

Turnaround and Performance Improvement Advisors

News

PATRON SPONSORS
 
 


 
 
 
 
Connecting Angel Investors with Entrepreneurs!


 
 
Tuesday, August 17th
 
 
 
"Turning Around An Angel
Investment - What Are The Options?"
 
 
Panel Participants:
 
Thomas H. Hicks
Renaissance Partners LC
Franck D. Chantayan
Carlton Fields
   
 

 
Register NOW!
 
 
 

 
 
 
CO-SPONSORED BY:
 
 
Angel Investment Forum of Florida
 
The Association for Corporate Growth
Turnaround Management Association
Risk Management Association
 
 
 
 
 
LOCATION
 
August 17, 2010
5:30pm - 8:30pm
Abacoa Golf Club
105 Barbados Drive
Jupiter, FL
 
 
 
 
REGISTRATION POLICY
 
Dinner is included with all registrations. Advance paid registration is $35 for Members and $75 for Non-Members by credit or debit card. Registrations the day of the event, including at the door, is $45 for Members and $85 for Non-Members. Credit cards, checks, and cash (exact amount) will be accepted at the door. Advance registration closes at 6:00 p.m. the day before the event. Cancellations received by 6:00 p.m. the day before the event will received a refund of the registration fees paid less $10.00 for administration and processing. Otherwise no refunds.
 
 
 
 
CONTACT FOR DETAILS
 
Phone: (561) 247-3017
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.
Register or visit on-line at www.AIFFL.org
 
 
 
 

 

FOR IMMEDIATE RELEASE
 
Pompano Beach, FL May 1, 2011 – Renaissance Partners’ Thomas H. Hicks, Managing Partner, will serve as moderator of a Commercial Finance Association panel discussion on May 10, 2011 at Country Club of Boca Raton, starting with a noon luncheon. Hicks is Chairman of the CFA-Florida Education Committee. Titled “The Current State of Secured Lending and Private Equity M&A”, the panel will explore buyer and seller trends, favored sectors and deal types and how private equity and secured lenders partner to get deals done.
 
The panel is comprised of
 
Todd D. Plosker, Principal and Head of U.S. Capital Markets at Sun Capital Partners
 
Joseph A. Davio, Senior Vice President, Group Manager Business Banking Florida, Comerica Bank
 
Kevin J. Gordon, President - Catalyst Financial
 
Interested guests can register for the CFA event by contacting This email address is being protected from spambots. You need JavaScript enabled to view it. . Price for CFA members is $35; $55 for non-members. CFA-Florida has also arranged for interested attendees to play golf following the event at a special foursome rate of $34 per golfer.

 

CFA Logo


Renaissance Partners provides a full suite of financial and strategic advisory services including corporate renewal, turnaround and crisis management, performance improvement and guidance in the fund raising process for a wide range of clients throughout North America.

Experience > Value, Integrity, Performance
Cleveland...Columbus…Charlotte…Houston…Lexington…Memphis…Ft. Lauderdale
Tel: (954) 971-3555 Fax: (954) 971-1922 Email: This email address is being protected from spambots. You need JavaScript enabled to view it. Web: www.renaissancelc.com

 

FOR IMMEDIATE RELEASE

Pompano Beach, FL April 20, 2011 - Renaissance Partners' Thomas H. Hicks, Managing Partner, participated in a joint presentation of Turnaround Management Association and The Angel Forum of Florida today at Marriott Boca Raton. Titled "Environment for Entering and Exiting Angel and VC Investments." Hicks remarked that the fundamentals of business performance apply throughout the cycle, with desirable businesses having:

  • Attractive market and competitive position
  • Attractive key business attributes including talent
  • Positive and growing cash flow
  • Knowledge of the customers, suppliers and financial sources and communication objectively with them (i.e., invest in relationships)
  • Technologically advanced business practices
  • Excellent at strategic and financial planning and focused on execution
  • Seasoned outside, independent advisors and professional

Hicks and other panel members suggested that entrepreneurs keep the capital structure simple, invest early in sound financial/reporting systems, become an accomplished spokesperson for their company and practice cash flow planning and tracking to never run out of cash.

The panel also discussed the current deal activity environment with market conditions being driven by new opportunities emerging from the economic downturn, cash on sidelines waiting to be employed and debt availability at attractive terms.
Renaissance Partners provides a full suite of financial and strategic advisory services including corporate renewal, turnaround and crisis management, performance improvement and guidance in the fund raising process for a wide range of clients throughout North America.

EXPERIENCE > VALUE, INTEGRITY, PERFORMANCE
Cleveland...Columbus...Charlotte...Houston...Lexington...Memphis...Ft. Lauderdale
Tel: (954) 971-3555 Fax: (954) 971-1922 Email: This email address is being protected from spambots. You need JavaScript enabled to view it. Web: www.renaissancelc.com

Thomas H. HicksReprint from SGB February 1, 2000

Let the Super Show begin! It’s a new year, a new millennium. So much for Holiday ’99. We’re at a crossroads – it’s a “New Beginning”. So what’s it all mean anyway?

Where are we as Sporting Goods Retailers?

We’ve just emerged from another year of average to poor performance. Jumbo Sports is gone. Gart and Sportmart have merged Hibbett’s good regional sales growth has continued but its stock price is off 40% from its May 1999 high. Galyan’s has split from Limited and the big players, Sports Authority and Oshman’s have continued their course. Some regionals remain, such as Dunham’s, and sports apparel chains such as Dick’s and Bob’s continue modest growth. Footwear and related apparel have posted a relatively weak year and it’s taken a toll on footwear players like Just For Feet and Footstar as well as the sporting goods mass merchants. And now e-commerce! Fogdog Sports and MVP.com represent high profile new entrants, just to name a few, while brick and mortar retailers, manufacturers and catalogers heat up their entrées for direct consumer consumption (e.g., footlocker.com, nike.com, dsports.com, thesportsauthority.com, REI.com, Riddell.com and Varsity.com). E-commerce provides both another means by which to shop traditional stores’ assortments and a way for some players to create smaller, segmented, more specialized niches than can effectively be created by building stores. What can we learn from all this and more importantly, what can we do about it in the year ahead?

Where have we been during the 90’s?

It’s clear that for most industry players they buy, present and sell an assortment of highly recognized vendor branded goods, from apparel to footwear to equipment. Certain stores occupy stronger or weaker market positions due to their real estate density, quality and time of possession on a market-by-market basis. Many of these store chains, however, generally lack their own identity… an identity that is theirs and not that of the vendors whose goods they sell. These chains tend to reflect what has occurred in department store retailing as a result of consolidation and focus on cost cutting and inventory turns – homogenization. However, unlike the department stores, there has been little brick and mortar consolidation in sporting goods to create a truly dominant national player producing top-flight financial results.

The answer may lie in ………………….!

Differentiation!!! Create differentiation. Create top-of-mind awareness. Create a point-of-view. Perform editing for your customer. Stand for something. Stick with it. Send consistent cues. Make your store and your auxiliary distribution mechanisms (catalog, e-commerce, etc.) important.

Read more: Planning Your Retail Makeover

Thomas HicksReprint from SGB January 4, 2000

As retailers approach and hopefully recover from the last Holiday Season of the millennium, it is once again time to objectively evaluate the business. Many companies are at a crossroads in their business lifetime. Management, Directors, Shareholders and other “Stakeholders” annually, if not more often, ask:

  • Do we continue to do nothing;
  • Do we close the doors, liquidate, payoff creditors and move on;
  • Do we identify and address our needs internally and take action;
  • Do we seek help from outside our business?

To answer these questions objectively requires a critical assessment of the position we’re in financially, competitively and a determination of what core competencies we have. Simply put, why are we in this position and do we have what it takes to fix it.


Why Are We Distressed?


For many players we must first look introspectively at ourselves. In most cases management is, and has been, in self-denial believing that if we return to our key success factors of the past, and re-double our efforts, things will work out. In other cases the Directors, Owners and Managers are relatively inactive or not motivated to take intense action to evaluate and reinvent the business. Many are only willing to collect a paycheck and play out the string until someone else takes responsibility and action. Others are risk averse and seek to avoid being blamed when the business “flames out”.

Read more: RE-INVENTION: A CONTINUOUS PROCESS