Masterclass II

    Fundamentals of private equity investing

Friday, 8 September 2006

Registration for the masterclass will be at 08:30; the masterclass will commence at 09:00 and conclude at 17:00. Morning and afternoon refreshments, as well as lunch, are scheduled into the day’s proceedings.

Agenda

08:30 Registration and morning refreshments
09:00 The principal goals and objectives will be to bring participants up to speed with:

• Usual tools and techniques used in South Africa
• Which markets and sectors are in favour and why?
• Practical worked examples of how to perform some of the basics
• Debate and discuss the issues surrounding acquisition of a target business
• How to set up the deal and execute
• How private equity typically transforms a business
• Role playing some of the practical examples of latest transactions
• Determining the purchase price of a company
• P/E ratios and EBITDA multiples
• Leverage
• Benchmarks for start-up .nancing or smaller buy-outs
• Determining the exit price
• Achieving attractable returns
• Generating premiums via “multiple arbitrage”
• Transparency

17:00 Close of masterclass

Masterclass Presenter

Ndaba Mpofu
Chief Investment Officer
Venture Partners, Botswana