Day One Wednesday 6 September 2006
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| 07.30 | Registration and morning refreshments
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| 08.45 | Opening remarks by the chairperson Anthony Siwawa Managing Director Venture Partners, Botswana |
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| GLOBAL PRIVATE EQUITY MARKET |
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| 09.00 | Case Study: Opportunities in the Nigerian Private Equity Arena
- Overview of the Nigerian Private Equity Industry
- Sectoral opportunities
- Risk management, value adding and exits in Nigeria
- South African business success stories in Nigeria
- The future of PE/VC in Nigeria
Ugo Ikemba Managing Director Vectis Capital, Nigeria
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| OPPORTUNITIES IN THE SOUTH AFRICAN PRIVATE EQUITY MARKET |
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| 09.30 | Key market opportunities and developments for South African private equity. How does the future look?
- What is the South African private equity market worth?
- Growth factors of private equity for South Africa – supply and demand
- Local recognition versus international recognition – global market positioning
- The future outlook for South African private equity
Malcolm Segal Chairman South African Venture Capital and Private Equity Association (SAVCA), Director Sasfin Head Sasfin Capital Division, South Africa
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| 10.00 | Morning refreshments
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| 10.30 | Potential impact of new business rescue legislation on private equity in South Africa
- Impact on the timeline of financial distress - a new stage between workout and liquidation.
- Economic relevancy - current trends in liquidations and economic health.
- History and status of new business rescue legislation developments.
- Implications for turnaround of distressed portfolio companies e.g. prepacked vs.. freefall, moratoria, cramdown, control issues, etc.
- Implications for private equity investment opportunities in distressed companies.
Jan van der Walt Chief Executive Officer Turnaround Solutions, South Africa |
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| 11.00 | Benchmarking South Africa against the rest of the world in
both long-term and short-term private equity
- Will buyouts continue to dominate South African private equity, or does venture have a strong future?
- Effect of increased competition from international funds
- Which countries will drive South African growth?
Wellington Chadehumbe Chief Executive Officer Triumph Venture Capital, South Africa |
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| INVESTING IN SOUTH AFRICA |
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| 11.30 | Private equity as an asset class – an institutional view
- What investors look for in private equity opportunities?
- Convergence of stage preferences
- Lessons from fundraising
- Ideal allocation strategies
- Strategies for accessing private equity
- Risks within the asset class
Derrick Msibi Executive Director Old Mutual Asset Management, South Africa |
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| 12.00 | Panel discussion: The future of private equity in South Africa
- Current practices and areas of future research
- The opportunities for private equity in South Africa
- Private equity versus stock market investments. Why private equity?
- The structure of private equity funds: thoughts on listed and unlisted private equity
Malcolm Segal Chairman South African Venture Capital and Private Equity Association (SAVCA), Director Sasfin Head Sasfin Capital Division, South Africa
Panos Voutyritsas Vice President Kingdom Zephyr Africa Management, South Africa
John Gnodde Chief Executive Officer Brait Private Equity, South Africa
Mark Casey Director – Corporate Finance Deloitte, South Africa |
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| 12.40 | Networking luncheon
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| 13.40 | Buyouts, mergers and acquisitions and ensuring the highest return on investments?
- Investigating leveraged buy-outs
- Setting buyout targets and ensuring the highest return on investment
- Cost saving measures
- Financing buyout transactions
David Stadler Executive Director Nedbank Capital Private Equity, South Africa |
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| 14.10 | Evaluating risks and challenges of first time funds: should anyone invest? If so what are the prospects?
Kathleen Danoher Private Equity Investment Manager Independent |
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| RAISING PRIVATE EQUITY AND VENTURE CAPITAL FUNDS STRATEGIES |
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| 14.40 | Ensuring a return on investment through effective fund and investment management
- Enhancing potential Return on Investment (ROI)
- Better investment targeting and transaction structuring
- Undertaking detailed due diligence prior to investment or exit
- Determining exit strategies to enhance ROI
Rowan Williams Director iCapital Fund Managers, South Africa |
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| 15.10 | How to refer new deals to brokerage firms: increasing deal flow in Africa
- How effectively are deals being referred to brokerage firms?
- How do we increase deal flow in Africa and South Africa?
- What are the downfalls in the industry?
- Looking forward to the future
Panos Voutyritsas Vice President Kingdom Zephyr Africa Management, South Africa |
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| 15.40 | Speed networking – bring your
business cards
Speed networking is an exciting, quick and non-pressured way to meet fellow conference delegates and industry peers in one 30-minute session. This is where long-lasting and profitable business relationships begin.
- Exciting, quick, no pressure
- Meet … move on … meet … move on … meet … etc
- Form long-lasting and profitable business relationships
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| 16.10 | Afternoon refreshments
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PRIVATE EQUITY EXIT STRATEGIES |
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| 16.40 | Panel discussion: Key factors influencing the
current exit market
- Assessing the factors influencing the current exit market
- What will the trends be in the next 6 months?
- Analysing the facts and figures: exit trends in South Africa and globally
Rowan Williams Director iCapital Fund Managers, South Africa
Claire Busetti Chief Investment Officer National Empowerment Fund, South Africa
David Stadler Executive Director Nedbank Capital Private Equity, South Africa |
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| 17.20 | Closing remarks from the chairperson and close of day one
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| 17.40 | Official networking cocktail function
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Day Two Thursday 7 September 2006
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| 08.45 | Opening remarks by the chairperson Anthony Siwawa Managing Director Venture Partners, Botswana |
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| INVESTING IN INTERNATIONAL PRIVATE EQUITY |
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| 09.00 | Case study: The Maghreb private equity market (Morocco, Algeria and Tunisia)
- Current and future trends
- Value proposition amidst booming public and real estate markets
- Successful strategies: sectors and investment phases
- Local versus regional versus global capital flow
- Regulatory and legislative frameworks and requirements
Ziad Oueslati Managing Director Tuninvest Finance Group, Tunisia |
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| 09.30 | Case study: What lessons can South Africa learn from Sub-Saharan private equity
- How does Sub-Sahara compare to international markets for private equity?
- Current trends and innovations
- Available funds compared with available investments
- The future outlook for private equity in Sub-Saharan Africa
Ron den Besten Managing Partner Aureos, South Africa |
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| 10.10 | Morning refreshments
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| 10.40 | Case study: The unique spin-off private equity fund
- Structuring a private equity spin-off fund
- What are the legal and tax issues in spin-offs?
- Advantages of a spin-off to both the fund and the parent
- The case for this unique spin-off fund
Alaya Bettaieb Chairman Tunisian Venture Capital Association, Tunisia |
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| 11.10 | What lessons can South Africa learn from the European private equity market?
- How does Europe compare to international markets for private equity?
- Allocating between Europe and international private equity
- Current trends and innovations
- Available funds compared with available investments
- The future outlook for private equity in emerging markets and Africa
Nathan A Mintah Managing Director Equivera Capital (Pty) Ltd, Retained adviser to HSBC Kingdom Africa Investments (Cayman) L.P |
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| DUE DILIGENCE |
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| 11.50 | Panel discussion: How has private equity and venture capital due diligence changed in recent years?
- What is private equity due diligence?
- Trends in private equity due diligence in recent years
- Trends in early stage venture capital due diligence
- Analysing the various roles in the due diligence process
- When and where are advisors appropriate in the due diligence process?
- How to maximise the effectiveness of your due diligence providers
Ziad Oueslati Managing Director Tuninvest Finance Group, Tunisia
Alaya Bettaieb Chairman Tunisian Venture Capital Association, Tunisia
Jan Hugo Director – Equity Investments Standard Bank, South Africa
Thomas Prins Head of Private Equity Investec Private Equity, South Africa
Eben van Heerden Portfolio and Investment Manager HBD Venture Capital, South Africa |
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| 12.30 | Networking luncheon
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| DISTRESSED OPPORTUNITIES |
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| 13.30 | Turnaround strategies for troubled portfolio companies
- Due diligence and stabilisation of current operations
- Identifying under-performing facilities and productivity improvements
- Developing and executing viable reorganisation strategies
- Reviewing threats and risks
David Rissik Executive Director RMB Corvest, South Africa |
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| 14.10 | Panel discussion: Hedge funds versus private equity – which model works best in distressed situations? (Distressed Debt)
- Hedge fund models versus private equity models
- Strategies of private equity and hedge funds in looking at distressed situations
- Can hedge funds become long term equity owners?
- The relationship with management – differences in approach
- Consequences of differing time horizons hedge funds versus private equity
- Can hedge funds provide long-term, fresh finance in distressed situations?
David Rissik Executive Director RMB Corvest, South Africa
Ron den Besten Managing Partner Aureos, South Africa |
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| EMPOWERMENT PRIVATE EQUITY AND THE SECONDARY MARKET |
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| 14.50 | Case study: Empowerment private equity and the National Empowerment Fund
- NEF’s mandate is to facilitate broad based black economic empowerment i.e. Black ownership, management control, employment equity, skills development, preferential procurement, and enterprise development
- In addition NEF’s objectives are to achieve BEE in the context of job creation, economic growth, geographic spread, black women empowerment and investment returns
Claire Busetti Chief Investment Officer National Empowerment Fund, South Africa |
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| 15.30 | Afternoon refreshments
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| 16.10 | Panel discussion: Capitalising on the latest trends in the growing secondary market
- How big is the market?
- Is there too much money chasing too few deals?
- Are secondary funds getting too big?
- Secondaries buying direct portfolios
Alaya Bettaieb Chairman Tunisian Venture Capital Association, Tunisia
Wellington Chadehumbe Chief Executive Officer Triumph Venture Capital, South Africa
Arthur Mashiatshidi Chief Executive Officer Decorum Capital Partners, South Africa |
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| 17.00 | Chairpersons closing remarks and end of conference
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