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Middle Market Capital Formation: A Breeding Ground for Unique Boardroom Issues

January 23, 2018
5:00 PM to 8:00 PM CST

Petroleum Club of Houston
1201 Louisiana Street
35th floor
Houston, TX 77002
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Angelique Florez
  • Summary
  • Agenda
  • Presenters
We invite you to attend our exclusive Board of Directors Forum. This event hosted by BDO USA, LLP features a group format providing a platform for Executives and Board Members to discuss hot topics currently impacting their corporate governance roles. 
Unlike for large public companies, capital formation for middle market companies is a minefield for the unwary. Varying degrees of trading liquidity, equity research coverage, and C-Suite and director experience often lead to equity capital market transactions that are sometimes needlessly dilutive. Our impressive panel of Adam Epstein of Third Creek Advisors and Sanjiv Shah of Simmons & Company International, Energy Specialists of Piper Jaffray will bring seasoned buy-side and sell-side perspectives to the issue in order to facilitate a robust, informative, and interactive debate.
We hope that you will join fellow directors to engage with our panelists and each other.
5:00 PM to 5:30 PM - Registration

5:30 PM to 8:00 PM - Refreshments, dinner and program


Adam J. Epstein 
Adam is a former institutional investor, and, now, an advisor to CEOs and boards of pre-IPO and small-cap companies through his firm, Third Creek Advisors, LLC. He speaks monthly at corporate governance and investor conferences, and has given more than 80 keynote speeches since 2012. Adam is a key contributor to Nasdaq’s new Amplify small-cap content initiative, and a distinguished National Association of Corporate Directors Board Leadership Fellow and faculty member. He is the small-cap contributing editor for Directorship magazine, author of The Perfect Corporate Board: A Handbook for Mastering the Unique Challenges of Small-Cap Companies (McGraw Hill, 2012), and contributing author to The Handbook of Board Governance: A Comprehensive Guide for Public, Private and Not for Profit Board Members (Wiley, 2016). Prior to founding Third Creek, Adam co-founded and was a principal of Enable Capital Management, LLC. During his tenure, Enable’s special situation hedge funds invested in more than 500 small-cap financings. He has been featured in The Wall Street Journal, Bloomberg Businessweek and on CNN Presents. He earned a Juris Doctor from Boston University, and a Bachelor of Arts, cum laude, from Vassar College.
Sanjiv Shah 
Sanjiv is a Managing Director and joined the energy services and equipment investment banking team at Simmons & Company International, Energy Specialists of Piper Jaffray in early 2008. Sanjiv has worked on more than 50 successful M&A, strategic advisory and capital markets projects. As of June 2017, Simmons was the only underwriter that worked on all nine of the Oilfield Services IPOs in the last couple of years. His perspective extends to other industry segments. Prior to joining Simmons, he worked for Citigroup for four years in London and Zurich, in fixed income credit markets and the financial institutions group, respectively. In Zurich, Sanjiv worked as a corporate banker covering the banking and insurance sectors and in London, he worked as a controller for the global loans and leveraged finance product groups. Sanjiv has 13 years of investment banking experience.



Hitesh Shah
Hitesh has over 25 years of experience spanning startup through venture financing and eventual M&A exits in multiple high technology companies. In depth experience in people management, finance, venture capital, business development, product management, business planning and customer service. Hitesh has raised over $100M in venture capital for four different startups.

Hitesh has served in multiple executive roles as CFO, COO and CEO. Prior to joining BDO, Hitesh was the Chief Operating Officer at Solum an Andreessen Horowitz, Khosla Ventures and Google Ventures funded company which was acquired by Monsanto. Hitesh also served as CEO and COO at Fat Spaniel Technologies acquired by Power-One and CFO at iPolicy Networks which was acquired by Tech Mahindra in India.