CEE PRIVATE EQUITY 2011
CONFERENCE DAY ONE: WEDNESDAY 18 MAY 2011
08:30 Registration, Refreshments and Networking
09:30 Managing the Largest Private Equity Fund Investment Programme Dedicated to CEE and Challenges with Investing in Funds with Local Presence
Alessandra Pasian
Senior Banker
EBRD (London)
10:00 CEE Private Equity as An Asset Class – The LP Perspective: Wall Flower or Sleeping Beauty?
Janusz Heath
Managing Director
Capital Dynamics (London)
- Has CEE private equity failed, met or exceeded LPs expectations?
- Has CEE lost out to China, India and Brazil?
- Has CEE lost the Emerging Market’s cache, before developing a mature European PE image?
- If so, what can be done to stimulate LP interest in CEE?
10:30 Practical Case Study of the Recent Deal: GP’s and Legal Advisor’s Perspectives
Speaker TBC
Enterprise Investors (Warsaw)
Dr Beata Gessel-Kalinowska vel Kalisz
Managing Partner
GESSEL Attorneys at Law (Warsaw)
11:00 Morning Refreshments and Networking
11:30 Finding an Optimal Level of Exposure to CEE Private Equity in Your Portfolio: The Short and the Long View
Richard Seewald
Partner
Alpha Associates (Zurich)
Dushy Sivanithy
Principal
Pantheon (London)
Jean-Phillipe Burcklen
Head of Equity Funds
European Investment Fund (Paris)
- What is the CEE private equity market worth at present (size, type of funds and growth prospects) and what makes it a compelling investment opportunity?
- Net returns for CEE private equity funds: Comparing private vs. public markets
- What risk/return ratio LPs expect for the CEE funds to be attractive
- In which sectors and in what part of the region do LPs expect best returns on a risk adjusted basis
12:30 Deal Flow Drivers in CEE: Shift in GPs Strategies and its Impact on Origination and Closing of Deals
Thomas Wilfling
Director
AXA Private Equity (Vienna)
Partick O’Brien
Partner
ADM Capital (London)
Piotr Oskroba
Partner
Krokus Private Equity (Warsaw)
- Which regions offer the best opportunities for generating deal flow
- Sectors offering the best niche leadership positions, good margins, sustainable profits and growth
- Where do specialist CEE GPs see the competition for deals coming from?
- Types and structures of deals: Comparing 2001 and 2010 vintage years (pricing and valuation, buyout issuance, loan issuance)
13:30 Networking Lunch
14:30 Mastering the “Assets under Management Game”: Experiences of Leading Regional GPs in the Larger, Mid-, Small-cap and Micro-buyout Space
Zbigniew Rekusz
Partner (invited)
Mid-Europa Partners (Warsaw)
Jacek Pogonowski
Partner
Amundi Private Equity (Warsaw)
Brian Wardrop
Co-Managing Partner
ARX Equity Partners (Prague)
- Example of a recent large deal
- Opportunities in the mid-market
- Case studies from representatives of the CEE lower mid market investment
- Challenges with sourcing, value creation and exit
- The role of M&A advisors in the CEE lower mid market
15:30 Afternoon Refreshments and Networking
16:00 Advantages for an exit through the member exchanges of the CEE Stock Exchange
Michael Buhl
Member of the Management Boards
Wiener Börse AG and CEESEG AG
Petr Koblic
CEO, Prague Stock Exchange
Member of CEE Stock Exchange Group
16:30 Public to Private in Poland – Key Challenges and New Opportunities
Piotr Chudzik
Managing Director, Head of Central Europe,
Investment Banking
Nomura International (Warsaw)
17:00 Renewed Focus on Operational Excellence
Erik Hallgren
CEO
Oresa Ventures (Warsaw)
- Do your portfolio cause you a lot of headache?
- Smoothing the J-curve: Operational changes to portfolio companies as a key to success in an era of muted economic growth
- Advantages of direct operating experience
