WEBVTT

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>> My name is Ariel Goldblatt.

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I work at Apax Partners; I'm a Senior
Associate in their Healthcare Team.

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Prior to Apax, I worked in
banking and also in mezzanine debt.

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And got my MBA at Warden after having graduated
from undergrad from Penn State, Honors College.

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Apax is a global private equity firm.

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So we've got about 15 billion
dollars under assets.

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And we invest across 5 different sectors,
health care being the one that I focus on.

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And we look to invest in, you know, growing
companies, but a little bit more mature,

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the ones that we think we
can take to the next level.

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So bring them to a new geography or,
you know, open up new product lines,

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help them buy a potential
competitor, that makes sense.

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So that's kind of what we do in terms of
what we look for to buy and then in terms

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of portfolio management we spend a
lot of time with the management teams.

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So it depends, when you're on a live deal,
basically I'll be coordinating with advisers,

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setting up scopes of work
that we want to work on.

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I'll be helping the analysts with the
financial model, making sure the returns,

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we're testing the model and making sure that
the returns are what they should be based

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on what price we're paying and what we
think the company's really going to grow at.

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I'll be talking to lawyers
sometimes during the day and banks

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to make sure we're getting the best intelligence
and that they're helping us value companies

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and that I know what's going on in the market.

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So it's busy right now because well I think
one, the debt markets are just very hot.

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So the debt markets, as you know, during
a lot of the crisis had kind of slowed up

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and stopped up, making it much
harder to do private equity,

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because we do what's called a leverage buyout.

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So you basically put in a certain
amount of equity when you buy a company,

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but you also add in a lot of debt,
so when the debt isn't available,

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it makes it much harder to do the math.

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So the debt markets are very hot, so
I think that's also playing into it,

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as well as there is a lot of
new companies that are coming

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out that are realizing the markets
are good and they want to --

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they're looking for more money so
they can grow into new verticals,

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and someone to kind of sponsor them.

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I'm on call like 24/7.

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I mean, it's better.

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When you're not on a live deal, it's not as bad,
you probably work somewhere around 50, 60 hours.

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But when you're on a live deal,
I mean, you're on call 24/7.