Establishing links between legal professions in Britain and Eastern Europe
PRIVATE EQUITY AND VENTURE CAPITAL
Main topics of the conference:
- Growing competition on the Russian capital market
- What investors expect from PE&VC
in Russia and CIS
- Where to invest next – emerging sectors and regions
- Choosing the right exit strategy
- Prospects for mezzanine financing
- Trends in venture capital investments – assessing the potential of VC for investors
- Case studies of successful buyouts and exits
Confirmed speakers:
– Vladimir Andrienko, Director, Russia Partners
– Jonathan Blake, Senior Partner, SJ Berwin LLP
– Harry Fitzgibbons, Director, Russian Technology Fund
– David Parkes, Partner, SJ Berwin LLP
– Sonya Pauls, Partner, SJ Berwin LLP (Munich)
– Sergey Petrov, Director of Investment Banking Services Department, IG AntantaPioglobal
– Charlotte Philipps, President & CEO, AIG-Interros RCF Advisor, Ltd
– Oleg Tsarkov, Managing Partner, Renova Capital
– Aleksandr Lupachev, Vice President, Partners, Delta Private Equity Partners
– Dr. Volker Neuschutz, DEG Representative Office Russian Federation, DEG
– Simon Witney, Partner, SJ Berwin LLP
– Perry Yam, Partner, SJ Berwin LLP – Representative IFC – Representative Mint Capital
DAY ONE – November 1, 2007
8.00–9.00 Delegate registration. Morning coffee
9.00–9.15 Chairman’s Opening Speech
Session 1.
Investments in Russia and the CIS – main trends
9.15–9.40
Russian-European funds – understanding the potential (European money
into Russia, Russian money into Russia, Russian money into Europe)
9.40–10.05
Russia and the CIS region in the eyes of investors: risks versus opportunities
• Russia and the CIS as compared to other emerging markets
• Review of direct private financing in Russia/CIS
• Private Equity investments versus other types of investments in Russia –
why Private Equity
10.05–10.30
State of regulation and legislation in Private Equity. State-founded private
equity funds: how they work and where they invest
• What kind of companies can receive state funding
• Funds with state participation
• How Private Equity is regulated and supported by the state
• Possible investment in “strategic fields”
10.30–10.55
Successful and profitable strategies of working with Russian-based
companies and potential investees
10.55–11.10 Coffee-break
11.10–11.35
Growing competition on the Russian capital market
• How entrance of large PE funds in the Russian market will influence the private
equity landscape in Russia/CIS
• Funding by private equity versus other forms of financing
11.35–12.00
Venture Capital for Young Technology Companies in Russia and the CIS –
lessons learnt during 12 years in business
• Overview of venture capital investments in the region – capturing opportunities
of the changing reality
• State – supported funds
• Can you make money investing in technology in Russia
• Who invests in venture capital in the region
• Going beyond Moscow and St. Petersburg
• Success stories – recent buyouts and exits
Session 2.
Investments in the CIS
12.00–13.00
Review of PE investments and exits in the CIS region – what markets to
target next
• Kazakhstan – prospects for further development of venture and private equity
financing
• Ukraine – overcoming the political crisis
• Asia and the Caucasus – legal and infrastructure obstacles for the development
of private investments
13.00–14.00 Lunch
14.00–14.40 Panel discussion
Going beyond Russia: why and where?
Session 3.
Selecting your field of investment
14.40–15.05
Opportunistic or sector-focused funds – is there a trend in funds’ specialization for PE funds in Russia/CIS
15.05–15.30
Upcoming booming sectors to invest in – where investors look for opportunities
• healthcare
• transportation
• pharmaceutical
• real-estate
• logistics
• wholesale
• construction and chemical fertilizers production
15.30–15.55
Financial analysis of investments. Cost estimation
15.55–16.10 Coffee-break
16.10–16.35
Initial stages of deals. Deal Flow and Due Diligence
16.35–17.00
Mezzanine financing for investee companies in Russia and the CIS
• Overview of mezzanine products – growing importance of mezzanine
in providing capital
• Pros and cons of mezzanine financing for investors and investees
• Mezzanine financing in Private Equity deals
17.00–17.25
Pre-IPO funds and their prospects versus early stage investments
17.30 Cocktail reception. Networking opportunity
DAY TWO – November 2, 2007
8.30–9.00 Delegate registration. Morning coffee
9.00–9.15 Chairman’s Opening Speech
Session 4.
Successful fundraising strategies
9.15–9.40
LP’s perspective on the Russian/CIS Private Equity. Chances and risks
of the Russian private equity investments. Justifying risk and early-stage
investments
• How investors rank emerging markets in their investment strategies
• How Russia/CIS are placed
• Short and long-term expectations
• Investors’ expectations toward private equity funds
9.40–10.05
Co-investments in emerging markets private equity as a less risky way
for investors to invest in emerging markets
• Pros and cons of co-investments
• Who should co-invest
• Dedicated co-investment vehicles
10.05–10.30
Attracting investors’ money – successful strategies and role of investors
relations
• Positioning your fund to compete for the limited pool of available capital
• How different LPs select funds to invest in
• Finding and using consultants and placement agents
10.30–10.55 Coffee-break
Session 5.
EXITs
10.55–11.20
Maximizing profits by applying an appropriate exit strategy – what is the
outlook for exits in Russia and the CIS
• Traditional exit strategies versus more alternative ones. pros and cons
• What exit suits you and your investors’ interest
11.20–11.55
Prospects for M&A as your exit strategy in Russia and the CIS in the
context of imminent consolidation in the market
11.55–12.20
MBO, MBI, BIMBO deals – how they can be executed in Russia and the CIS
12.20–12.55
LBO – prospects for leverage buyouts and optimal partners
• Whom to partners with: banks, funds, funds of funds
12.55–13.55 Lunch
13.55–14.20
Exiting through an IPO – outlook for the years to come
• Exiting through local vs. foreign stock exchange
14.20–14.45
Recent successful exits – case studies of recent sales by PE funds (Ozon,
Eurocement, Subscribe.ru, STS Media, Genser) and by exited companies
• What value has been added by Private Equity fund
Session 6.
Key requirements for a successful fund
14.45–15.05
The fund: objectives, lifecycle, mechanics and terms
15.05–15.30
What LPs look for in funds and fund managers. Key requirements for
a PE fund to succeed in raising money for Russia/CIS
15.30–15.45 Coffee-break
15.45–16.10
Funding and retaining talented staff and company’s managers
16.10–16.35
What types of funds are likely to deliver the most successful investments
in Russia and the CIS: Venture, Buyout, Funds of Funds
16.35–17.00
Structuring funds with Russian element:
• Comparison of funds structures. USA, UK, European and Russian funds
• Pitfalls of funds with Russian element. Russian investors, Russian investments
• Maximising returns – practical tips
17.00–17.25
Adding value to Private Equity-owned companies for higher valuations
upon exit
• Increasing transparency
• Incorporating international accounting standards
• Improving corporate governance
• Finding partners beyond Russia
RSVP by email at mail@infor-media.ru, on line at www.privateequityconference.org or by phone +7(495)514 1374
ARLA’s members are entitled to 25% discount
