September 19, 2014 Business Valuation Experts Referred by Nancy Fallon-Houle nfallon@nfhlaw.com (630) 963-0439 x 22 Midsized Firms _______________________________________________________________ Andrew D. Smith or Mike Norton Houlihan Capital http://www.houlihan.com/capital/overview.htm 105 West Madison Street, Suite 1500 Chicago, IL 60602 (312) 499-5910 (800) 654-4977 asmith@houlihan.com Andy Smith, President http://www.houlihan.com/capital/andrew-smith.htm Michael Norton, VP of Business Development http://www.houlihan.com/capital/michael-norton.htm mnorton@houlihan.com Firm Overview <="" h2="">Houlihan Capital is a leading, solutions-driven valuation, financial advisory and boutique investment banking firm committed to delivering superior client value. We pride ourselves on being thought leaders in an ever-changing landscape. Houlihan Capital is a FINRA and SIPC member, committed to the highest levels of professional ethics and standards. In short: Value. Added. Firm History Houlihan Capital's origins date back to 1996 when Andrew Smith and Richard Houlihan founded a valuation and investment banking firm to serve small to middle-market companies. Over the years, the firm organically grew to accommodate the needs of an increasingly complex client base. Today, Houlihan Capital continues that rich tradition, and through our Valuation and Financial Advisory, Investment Banking, and Special Situations Practices serves some of the largest corporations, hedge funds, private equity funds and sovereign wealth funds in the world. Valuation and Financial Advisory We provide an array of services that range from fairness & solvency opinions, Level 3 portfolio valuations, tax & financial reporting valuations, external valuer for AIFMD and a wide variety of consulting services through our Financial Advisory group. September 19, 2014 Investment Banking Through our Investment Banking group, we offer sell side/buy side advisory, private placement and capital raises. Special Situations Through our Special Situations desk, we provide services that fit outside the archetypal verticals. Those services include liquidity solutions, transactional advisory, and secondary market advisory and trading. ___________________________________ Richard P. Meyer, Managing Director Rushton Atlantic 200 S. Wacker Drive, 31st Floor Chicago, IL 60606 Cell: (847) 682-2357 Fax: (800) 384-1394 rick.meyer@rushtonatlantic.com Valuation Expert, handles very small to larger companies. Valued Union Station, Valued the Chicago Parking Meter Deal. They value numerous small and closely held businesses. Henry Kaskov, AM Senior Associate Manager – Chicago www.sphvalue.com Los Angeles Sacramento San Diego Chicago Istanbul Business Valuations | Forensic Accounting | Fairness & Solvency Opinions | Forensic Finance & Economics | Expert Testimony | Brand & IP Valuations | SVEC sm 1770 S. Randall Rd., Ste. A #271 Geneva, IL 60134 (630) 457-9200 20 employees, 23 years’ experience Small to midsized businesses, small to middle market range 1/3 valuations for business 1/3 in litigation support and expert witness testimony Transactions M & A Estate and Gift Tax valuations Purchase price allocations for financial reporting ____________________________________________ Jeffrey R. Smiejek, CPA, CVA September 19, 2014 Senior Manager Porte Brown LLC (30 accountants) 845 Oakton Street Elk Grove Village, IL 60007 Tel: (847) 956-1040 Fax: (847) 956-6780 jrs@portebrown.com www.portebrown.com Valuation Expert __________________________________ Mary Lynn Hoffer, CPA, CFF, CVA, Principal. Team Leader, Business Valuation and Forensic Division Digiovine Hnilo Jordan & Johnson, Ltd (60 employees, including 45 CPAs) CPAs & Business Consultants 184 Shuman Blvd, Suite 200 Naperville, IL 60563 www.dhjj.com 630-420-1360 moffer@dhjj.com http://www.dhjj.com/about-dhjj/our-team/13-mary-lynn-hoffer ____________________________________ Mary O'Connor Sikich Gardner 1415 W. Diehl Rd. Suite 400 Naperville, IL 60563 moconnor@sikich.com (312) 648-6652 (630) 566-8400 Corporate Blvd Valuation Expert Venture capital and private equity valuation Valuation for sale or funding. Fund manager valuation Litigation, Plaintiff and Defendant side Intangible asset valuation Early stage investor deals valuation and LP valuation Litigation of same Dissolutions Process and Disclosure ________________________________________________________ Eric Greenwald Managing Director American Appraisal September 19, 2014 303 West Madison Street, #1925 Chicago, IL 60606 (312) 454-9580 egreenwald@american-appraisal.com http://www.american-appraisal.com/US/Our-Team/Eric-Greenwald.htm American Appraisal, the world’s only “glocal” valuation firm™, is a leading valuation and related advisory services firm that provides expertise in the valuation of businesses, business interests and all classifications of tangible and intangible assets. _______________________________________________________ Timothy Couillard Vice President & Managing Director, Midwest American Appraisal 71 South Wacker Drive, #3440 Chicago, IL 60606 (312) 705-1330 (888) 417-3751 tcouillard@american-appraisal.com http://www.american-appraisal.com/US/Our-Team/Timothy-Couillard.htm American Appraisal, the world’s only “glocal” valuation firm™, is a leading valuation and related advisory services firm that provides expertise in the valuation of businesses, business interests and all classifications of tangible and intangible assets. ________________________________________________ Craig W. Davis Director, Investment Banking and M&A Services Cambridge Partners & Associates, Inc. 500 North Plum Grove Road Palatine, Illinois 60067 Direct: (847) 776-1976 x 248 Cell: (630) 514-6580 Fax: (847) 776-1980 cdavis@cambridge-partners.com www.cambridgepartners.com www.linkedin.com/in/craigwdavis ___________________________________________ Jim Bates Managing Director The Christman Group LLC 200 East Randolph, 24th Floor Chicago, IL 60601 Phone: (847) 303-6554 Fax: (847) 303-6851 bates@christmangroup.com September 19, 2014 www.christmangroup.com _______________________________________________ Joe McCaul, MBA President Joseph Associates International, Inc. The Chicago Board of Trade Building 141 W. Jackson Blvd., Suite 3420 Chicago, IL 60604 (312) 212-8046 Toll Free: (888) 465-0600 jmccaul@brokerchicago.com www.brokerchicago.com Smaller Firms: Tom H. Sleeter Heartland Capital Resources, Inc. 1200 Harger Road, Suite 830 Oak Brook, Illinois 60523 Main:(630) 368-6160 (x1) Cell: (630) 479-6160 HCRconsult@aol.com Larger Firms: Thomas P. McNeely, CFA Director BDO Valuation Advisors, LLC 233 N. Michigan Avenue, Suite 2500 Chicago, IL 60601 Direct: (312) 616-4661 Cell: (847) 922-8767 Tel: (312) 856-9100 tmcneely@bdovaluation.us.com www.bdovaluation.us.com Bank One/ JP Morgan Jeffrey Buric (valuation expert) and Wayne Pfennig (relationship manager) 1776 Naperville Rd. in Wheaton, and LaSalle St., downtown Chicago Jeff.t.buric@jpmorgan.com 312-661-5661 wayne_e_pfennig@jpmorgan.com 630-260-4628 They include valuation with a business loan, or they provide separate valuations for a fee.