Main Conference Day 2 - Wednesday 28th September 2011

8:30 Networking and refreshments Networking and refreshments

9:10 Chairperson's welcoming remarks Mark Florman, Chief Executive Officer, British Private Equity & Venture Capital Association (BVCA) Chairperson's welcoming remarks Mark Florman Chief Executive Officer, British Private Equity & Venture Capital Association (BVCA) Mark Florman is Chief Executive of the British Private Equity and Venture Capital Association (BVCA).He joined The Northern Trust Bank, Chicago, in 1981 where he co-founded the interest rate swap business in America and worked in corporate banking, US T-Bills and money & capital markets. From the mid-1980s as a Director of County Bank and then as a Partner of Enskilda Securities, h [read more]

9:30 Adding value to your investments in a low growth environment Louis Elson, Managing Partner, Palamon Capital Partners Philippe Costeletos, Partner, Co-Head of Europe, TPG Capital Menno Antal, Managing Partner Northern Europe and Head of Buyout Funds, 3i Lars Terney, Partner, NC Advisory A/S The operational improvements and strategic repositioning funds are undertaking to maximise value What expertise to bring to the table Focusing on people Developing effective, mutually beneficial relationships Proper incentive schemes • Ensuring the continued development and support Company reporting and results Accessing attractive new markets Louis Elson Managing Partner, Palamon Capital Partners Louis Elson co-founded Palamon Capital Partners in 1999 and is the Firm’s Managing Partner. Palamon is a mid-market, pan-European firm focusing on growth services businesses. He is a former London-based partner of Warburg Pincus and has extensive experience in European private equity. Before joining Warburg Pincus, Mr Elson was involved in investment banking at Goldman, Sachs & Co [read more] Philippe Costeletos Partner, Co-Head of Europe, TPG Capital Mr Costeletos is a Partner and Head of TPG Capital in Europe and has over 19 years experience in private equity.Since joining TPG in 2003, he led the €3.0 billion take private of Debenhams, a leading department store chain in the UK, the €2.0 billion buyout of TIM Hellas and Q Telecom, two wireless telecom operators in Greece, representing the first significant [read more] Menno Antal Managing Partner Northern Europe and Head of Buyout Funds, 3i Menno Antal joined 3i in 2000. He has been a key member of the teams working on several of the Benelux team’s buyouts including VNU Media, Dockwise, Refresco, ABX, Hyva, UTT, Malmberg, De Telefoongids and YBR. Menno is part of the 3i Leadership Team, having been MD for the Benelux since 2003 and having reshaped and been responsible for the sector organisation. He is in charge of the Benelux, Germa [read more] Lars Terney Partner, NC Advisory A/S Lars Terney holds an MBA, with honors from Kellogg Graduate School of Management, Northwestern University, USA (1994) and a BS in management and economics from Odense University, Denmark.Prior to joining Nordic Capital in 2008 as Partner with responsibilities for the Danish investment advisory activities, Lars spent almost 14 years with The Boston Consulting Group, where his was a Senior Partner W [read more]

10:15 Responsible investment to add real value: Managing environmental, social and governance (ESG) opportunity and risk Tom Rotherham, Associate Director, Private Equity, Hermes Equity Ownership Services Mark Florman, Chief Executive Officer, British Private Equity & Venture Capital Association (BVCA) Phil Case, Director, PricewaterhouseCoopers Simon Harford, Partner, Actis Dan Kjerulf, Partner, Danske Private Equity Investor and fund manager strategies to proactively maximising and protecting the value of a sustainable investment Changing LP/GP attitudes to ESG Spotting the trend and acting ahead of the pack Changes in due diligence emphasis ESG as a driver for value and performance Bottom line benefits of an effective ESG strategy Measuring success Establishing effective processes and benchmarking against industry best practices What LPs want to see and how they identify and manage risks in their own portfolios Environmental, social and governance What constitutes best ESG risk management How GPs are addressing their current and future ESG plans to make well informed decisions Integrating CSR into investment analysis and portfolio management Taking this information and making immediate improvements to your ESG strategy Tom Rotherham Associate Director, Private Equity, Hermes Equity Ownership Services Tom is Associate Director for Private Equity at Hermes Equity Ownership Services (EOS), whose beneficial owner is the BT Pension Scheme (BTPS). In this role Tom helps limited partners to better align interests with their private equity houses. Tom Co-Chairs the Principles for Responsible Investment (PRI) work on Private Equity and represents BTPS on the ILPA Principles Committee. Tom sits on the E [read more] Mark Florman Chief Executive Officer, British Private Equity & Venture Capital Association (BVCA) Mark Florman is Chief Executive of the British Private Equity and Venture Capital Association (BVCA).He joined The Northern Trust Bank, Chicago, in 1981 where he co-founded the interest rate swap business in America and worked in corporate banking, US T-Bills and money & capital markets. From the mid-1980s as a Director of County Bank and then as a Partner of Enskilda Securities, h [read more] Phil Case Director, PricewaterhouseCoopers Phil is a Director with PricewaterhouseCoopers, joining in 2005 to lead the Financial Services team within the Sustainability & Climate Change practice. Phil has worked extensively with Financial Services sector clients, and since 2009 has focused exclusively on assisting Private Equity (PE) House clients with their environmental, social and governance (ESG) opportunities and chall [read more] Simon Harford Partner, Actis Simon joined Actis in 2006. He is Head of Actis’s Portfolio Group for Africa and Latin America focusing on Actis’s value-add to its portfolio of investee companies. Simon is currently based in the Johannesburg office. Before this position, Simon was based in Lagos as the Head of Actis West Africa from 2006 - 2009. Prior to Actis, Simon was founder and CEO of Virgin Nigeria, the private sector flag [read more] Dan Kjerulf Partner, Danske Private Equity Dan has 26 years of experience in legal matters relating to private equity and other financial transactions and has been responsible for negotiating and structuring terms and conditions governing all portfolio investments in the Danske PEP I-IV funds-of-funds. Dan serves on the advisory committees of Close Brothers Private Equity Fund VI and VII. Furthermore, Dan serves on the LP Platform Council [read more]

11:00 Nordic insights: Regional investment opportunities and perspectives Kai Jordahl, Head of CapMan Buyout, Senior Partner, Capman Katja Salovaara, Portfolio Manager, Ilmarinen Lars Terney, Partner, NC Advisory A/S Hear expert insight from Nordic LPs and GPs on the market status, challenges and opportunities for operating in this heated market 2010-2011 performance review Returns and investment performance Distributions Undrawn capital Investment allocations Should the region still be viewed as a safe haven? The evolution of valuations and pricing in the Nordics Is there too much money flowing in? The opportunities and untapped potential in the market Impact of regulations in the Nordics versus mainland Europe A focus on Solvency II interpretation and assessing it's impact on LP allocations and investment trends Kai Jordahl Head of CapMan Buyout, Senior Partner, Capman Kai Jordahl joined CapMan in 2004 as a Senior Partner. From 2010 he has been Head of CapMan’s Buyout business.Prior to joining CapMan Kai spent five years as Investment Director at Industrifinans forvaltning ASA, where he was responsible for private equity investment activities in the Nordic countries. In prior years, Kai has held various senior positions at McKinsey & Company, Nor [read more] Katja Salovaara Portfolio Manager, Ilmarinen Katja has been a Senior Portfolio Manager at Ilmarinen responsible for sourcing, analysing and monitoring of private equity funds since January 2000.Before joining Ilmarinen, she worked at the Shell UK Pension Fund in London with the analysis of private equity funds and monitoring of a global private equity portfolio with over USD 1 billion of commitments, and earlier as an Investment Analyst in t [read more] Lars Terney Partner, NC Advisory A/S Lars Terney holds an MBA, with honors from Kellogg Graduate School of Management, Northwestern University, USA (1994) and a BS in management and economics from Odense University, Denmark.Prior to joining Nordic Capital in 2008 as Partner with responsibilities for the Danish investment advisory activities, Lars spent almost 14 years with The Boston Consulting Group, where his was a Senior Partner W [read more]

11:30 Morning coffee and networking Morning coffee and networking

Stream A - Capitalise On Growth Opportunities In Key Hig...Stream B - Key Sector Focus - Infrastructure and Clean E... 12:00 Stream Chairman Stream A - Capitalise On Growth Opportunities In Key High Return Regional Markets No session description available. 12:00 Stream Chairman - Mark O’Hare, Founder and Chief Executive, Preqin Stream B - Key Sector Focus - Infrastructure and Clean Energy Mark O’Hare, Founder and Chief Executive, Preqin No session description available. Mark O’Hare Founder and Chief Executive, Preqin Mark O’Hare is Founder and Chief Executive of Preqin, the alternative assets information service. Preqin provides extensive research and data on the entire global alternative assets industry, covering private equity, private real estate, infrastructure and hedge funds. Preqin is an independent business with 85 staff based in London, New York and Singapore, providing market-leading online and hard [read more]

Stream A - Capitalise On Growth Opportunities In Key Hig...Stream B - Key Sector Focus - Infrastructure and Clean E... 12:05 Private equity opportunities in Africa Stream A - Capitalise On Growth Opportunities In Key High Return Regional Markets Hisham El-Khazindar, Co-Founder and Managing Director, Citadel Capital Simon Harford, Partner, Actis Andrew Brown, Chief Investment Officer, ECP What is Africa's private equity story? Attractiveness of the market – where are the regional opportunities? Key investment themes and most attractive sectors? The real risks of investment in Africa? Will Africa follow the trends in other emerging markets (e.g. Asia) How to succeed in this market Hisham El-Khazindar Co-Founder and Managing Director, Citadel Capital Prior to co-founding Citadel Capital in 2004, Mr. El-Khazindar was Executive Director of Investment Banking at EFG-Hermes, where he advised on key transactions including the IPOs of Orascom Construction Industries, Ezz Steel and Orascom Telecom. In 1999, he was on secondment to Goldman Sachs in London, where he advised European firms on strategic options and M&A transactions. Mr. E [read more] Simon Harford Partner, Actis Simon joined Actis in 2006. He is Head of Actis’s Portfolio Group for Africa and Latin America focusing on Actis’s value-add to its portfolio of investee companies. Simon is currently based in the Johannesburg office. Before this position, Simon was based in Lagos as the Head of Actis West Africa from 2006 - 2009. Prior to Actis, Simon was founder and CEO of Virgin Nigeria, the private sector flag [read more] Andrew Brown Chief Investment Officer, ECP Andrew Brown is a Managing Director and the Chief Investment Officer for Emerging Capital Partners (ECP). With seven funds and over $1.8 billion under management, ECP is a leading private equity manager focused exclusively on Africa. Headquartered in Washington DC, ECP has six offices across Africa and over a decade of successful investing experience in companies operating in over 40 countries on [read more] 12:05 Infrastructure analysis and outlook: Assessing the post-crisis sector maturity and attractiveness Stream B - Key Sector Focus - Infrastructure and Clean Energy Jerome Leyvigne, Senior Investment Professional, Swiss Re Private Equity Partners Peter Hofbauer, Head of Infrastructure, Hermes GPE Identifying the true opportunities in the sector and avoiding overheated markets Pricing analysis - do the returns justify the investment? Do the traditional PE fee structures make sense for an infrastructure fund? Where the hotspots will develop in the mid term Jerome Leyvigne Senior Investment Professional, Swiss Re Private Equity Partners Peter Hofbauer Head of Infrastructure, Hermes GPE As Head of Infrastructure at Hermes GPE, Peter Hofbauer is responsible for all of the firm’s relationships with managers active in the infrastructure sector and for coordinating the analysis, due diligence and monitoring of Hermes GPE's infrastructure investments.Peter has over 25 years’ experience in infrastructure investment and management. He was previously Global Head of Infrastructure at Babc [read more]

Stream A - Capitalise On Growth Opportunities In Key Hig...Stream B - Key Sector Focus - Infrastructure and Clean E... 12:50 Regional round table sessions Stream A - Capitalise On Growth Opportunities In Key High Return Regional Markets Hans van Swaay, Partner, Lyrique Olaf Neubert, Managing Partner, Hedges Capital Alex Munteanu, Managing Director, Dragon Capital Join an interactive working panel of peers with a key regional expert driving the debate and activities Central & Eastern Europe Post-crisis assessment of the CEE environment: Is it the right time to invest and where the best returns will be derived Investing in CEE is not “à la mode” anymore? Is it good “to be neglected” again? Will the convergence story continue in case of emerging CEE markets? Where do the “golden opportunities” lay in CEE? What regions/sectors? How has the pro-forma deal profile changed post-crisis? Alex Munteanu, Managing Director, Dragon Capital Asia & China Does the Chinese private equity market need money from external economies Addressing the existing available capital What kind of private equity investing in China makes sense Too early for buyouts? Development capital? Pre-IPO? Hans van Swaay, Partner, Lyrique South America Where Are The Best Opportunities In This Dynamic Market? What opportunities do Brazilian managers bring to a PE portfolio? Is Brazil overheating – or is now a good time to expand PE allocations? Venture Capital vs. Buy-out, large cap vs. mid-market Brazilian managers vs. regional funds Olaf Neubert, Managing Partner, Hedges Capital Hans van Swaay Partner, Lyrique Hans van Swaay has been more than twenty years in private equity as co-founder of Lyrique, as Head of Private Equity at Pictet & Cie, as Managing Director of UBS Capital, as Managing Director of Merifin and as partner of Lowe Finance.He has made fund investments worldwide and direct investments in Switzerland, Germany, France, the United Kingdom and in the Netherlands. He sat on nu [read more] Olaf Neubert Managing Partner, Hedges Capital Dr. Olaf Neubert is the Managing Partner of Hedges Capital, an Alternative Asset investment firm specialized in Private Equity Secondaries, Distressed Debt and Restructurings and Capital Introductions. Hedges Capital is the leading buy side agent for Private Equity Secondaries working as agent and advisor with the principal Secondaries investors as well as nontraditional institutional and private [read more] Alex Munteanu Managing Director, Dragon Capital Alex Munteanu has experience in buyouts, expansions, restructurings and realizations in EE, in particular in Ukraine, Russia, Belarus and Moldova. Alex Munteanu joined Dragon Capital, the largest investment house in Ukraine, in 2008.Alex Munteanu worked for the National Bank of Moldova, World Bank in Washington, D.C. and Horizon Capital.He holds a Master`s Degrees from Columbia University in NY an [read more] 12:50 Clean energy assets: Return expectations and strategies Stream B - Key Sector Focus - Infrastructure and Clean Energy Michael Barben, Partner, Head of Private Infrastructure, Partners Group Rory Quinlan, Managing Director, Capital Dynamics Sam Abboud, Partner, Pioneer Point Partners How return expectations for clean energy assets match up against alternative industries What strategies GPs are employing to access capital Ensuring an attractive investment proposition Bespoke tailoring – the segregated account solution Differentiating your offering How investors can maximise their returns with this asset class Which stage offers the best risk-adjusted return Mitigating the J-curve effect Identifying emerging regions/sectors and gaining access to these Should you go direct? Navigating the complex European regulatory environment and how this will evolve into 2015 Michael Barben Partner, Head of Private Infrastructure, Partners Group Michael Barben is a Partner, head of the private infrastructure team and chairman of the private infrastructure investment committee. He was originally responsible for European buyout and special situations partnership selection before, after an initial assignment in Switzerland, he was made responsible for building the firm's US based manager selection team, and subsequently was appointed global [read more] Rory Quinlan Managing Director, Capital Dynamics Rory Quinlan is a Managing Director at Capital Dynamics. He has held several senior executive roles in the renewable and conventional energy and mining industries in the United Kingdom and Australia over the past 15 years. Rory has extensive experience in the development, structuring, financing and management of complex energy infrastructure projects and businesses. In addition, he has mergers and [read more] Sam Abboud Partner, Pioneer Point Partners Sam is a partner with Pioneer Point Partners LLP, a private equity firm focused on growth investments in the European lower mid market. Recent investments including Peak Gen Power Limited, which is acquiring and building a portfolio of peaking power plants across the UK based on long term contracts with National Grid, and Masotina spa, a leading paper and waste recycling company in Northern Italy. [read more]

13:30 Networking luncheon & peer-to-peer round tables John Hess, CEO, Altius Associates Ekkehard Franzke, Partner, A.T. Kearney David York, CEO and Managing Director, Top Tier Capital Partners Creating capital post acquisition by actively growing a portfolio company Enhancing the value How PE funds supervise and operate their funds The typical value generation levers Must haves Optional levers Industry experience case studies and insight Ekkehard Franzke, Partner, A.T. Kearney Developing an appropriate risk profile adjusted investment strategy Navigating the selection dilemma: Which GP do you back? How to compare GPs? Doing deeper due diligence Understanding the team dynamics John Hess, Chief Executive Officer, Altius Associates Justifying the case for venture capital in Europe Assessing the VC industry in Europe and beyond – is there currently a bubble? Is it a good time to enter the market or is the model broken? Identifying the best opportunities today David York, CEO and Managing Director, Top Tier Capital Partners John Hess CEO, Altius Associates John A. Hess is a co-founder of Altius and has served as Chief Executive Officer since 1998 when the firm was formed. He is responsible for Altius’ relationships with a number of clients, and sits on Altius’ Investment Policy Committee. John is recognized as a thought-leader in private equity and contributes regularly to industry panels and periodicals. He has been involved in the financial servic [read more] Ekkehard Franzke Partner, A.T. Kearney Dr. Ekkehard Franzke is a partner with A.T. Kearney and leads the firm’s Private Equity Practice in Germany, Austria and Switzerland. He has over twenty-three years of consulting and private equity experience. In his consulting career he advised around 100 buyout situations with an aggregate value of more than € 30 B.Ekkehard focuses on general industries and consumer/retail. Fun [read more] David York CEO and Managing Director, Top Tier Capital Partners David York is Managing Director of Top Tier Capital Partners. He is responsible for the day-to-day management of the firm, and the development and growth of its funds of funds and co-investment offerings. Mr. York currently serves on fifteen venture capital fund advisory committees. Prior to the formation of Top Tier, Mr. York was a Managing Director with Paul Capital, overseeing the firm’s ventur [read more]

15:30 Chairman's closing remarks and close of conference Mark Florman, Chief Executive Officer, British Private Equity & Venture Capital Association (BVCA) Chairman's closing remarks and close of conference Mark Florman Chief Executive Officer, British Private Equity & Venture Capital Association (BVCA) Mark Florman is Chief Executive of the British Private Equity and Venture Capital Association (BVCA).He joined The Northern Trust Bank, Chicago, in 1981 where he co-founded the interest rate swap business in America and worked in corporate banking, US T-Bills and money & capital markets. From the mid-1980s as a Director of County Bank and then as a Partner of Enskilda Securities, h [read more]