Kindly sponsored by:
EVCA

PROGRAMME FREQUENTLY UPDATED

Programme Wednesday 14 June 2006
Programme Thursday 15 June 2006
Programme Friday 16 June 2006


WEDNESDAY 14 June 2006
 
17.00
 
Registration at the Grimaldi Forum
 
19.30

 
Welcome Reception
kindly hosted by Butler Capital Partners
Held at the Exotic Garden.



THURSDAY 15 June 2006
 
08.00
   
Registration at the Grimaldi Forum
 
09.00
 
Welcome to Monaco
 
09.15
   
The Private Equity Landscape – Shaping the Future
The public image of private equity is key to the industry’s development. Alongside the 2005 performance and activity figures, we will be discussing how we can - and must - raise awareness of our industry’s benefits to the general public in order to shape a successful future for our industry.

Sir David Cooksey, EVCA Chairman 2005-2006, Advent Venture Partners LLP

2005 Headline Figures
Activity statistics provided by Thomson Financial and PricewaterhouseCoopers
Performance statistics provided by Thomson Financial

Gemma Postlethwaite, Thomson Financial Presentation (120kb, PDF)

Symposium Chairman
Peter Sissons, broadcaster and journalist

Peter Sissons is probably British television's most experienced news presenter. For nearly forty years he has presented the main UK terrestrial bulletins, and a host of special programmes on major events. Peter Sissons will steer keynote speakers and stimulate the debate with moderators and panellists throughout the 2006 programme.
 
09.30
   
Keynote Address

Both of these prestigious speakers will share their thoughts on issues they see as important to the future of the private equity industry.

Professor Laura D Tyson, Dean, London Business School
Professor Eli Talmor, Private Equity Institute, London Business School
 
10.15
 

 
H.S.H. Prince Albert II - Welcome Address

 
10.30
 

 
Networking and Refreshment Break Sponsored by: Mercapital S.L.

 
11.15
 

 
Keynotes’ Interview
Private Equity – No longer just an Alternative… What is the Real Impact we are having?
A Force for Good or Bad?

Moderator: Peter Sissons

Panel Members:
Max Burger-Calderon, Apax Partners Worldwide LLP
Christoph Kaserer, Technology University Munich, Centre for Entrepreneurial studies
Patrick Sheehan, 3i
John Singer, Advent International PLC

 
12.15
   
Lunch Sponsored by: Aon Mergers & Acquisitions Group
 
14.00
 

 
Interactive Workshop Discussions
Please see section entitled ‘Interactive Workshop Discussions’ for further information.

 
15.30
 

 
Networking and Refreshment Break Sponsored by: Mercapital S.L.

 
16.30
 

 
Interactive Workshop Discussions
Please see section entitled ‘Interactive Workshop Discussions’ for further information.

 
18.00
   
General Assembly Presentation (90kb, PDF)

20.00
 

 
Gala Dinner Hosted by: Coller Capital Ltd
Held at La Salle des Étoiles.



FRIDAY 16 June 2006
 
08.30
   
Welcome Coffee
 
09.00
   
Hedge Funds: Gatecrashers at the Party?
Are hedge funds the nemesis of the private equity industry - or aren’t they? How do they operate, where does their money come from and what fees do they charge? Do they perform, where do they allocate? Does this really matter? If they see an opportunity, should our industry not think about what we can do better – lets ask, can we learn from hedge funds?

Moderator: Jeff Geller, Russell Investment Group Presentation (339kb, PDF)

Panel Members:
Jamie Dinan, York Capital Management
Sandra Robertson, Wellcome Trust
Sandy Thomson, Taconic Capital Advisors UK Limited
 
10.00
 

 
Networking and Refreshment Break Sponsored by: Mercapital S.L.

 
10.45
 

 
Shaping the Future – The Evidence

Speak facts, not polemics. What better to demonstrate the results of professional private equity investments than case studies. Hear for yourself how private equity acts as a catalyst for change. CEOs of companies in turnaround situations, both having been subject to a leveraged buyout in last few years, will present their experiences with private equity.

Moderator: Peter Sissons

Case 1: Moeller - Turnaround by Advent International
From declining sales at acquisition, to double digit sales growth, significantly ahead of market growth.

Uwe Alwardt, Advent International GmbH Presentation (322kb, PDF)

Case 2: Kabel Baden-Württemberg Turnaround after Callahan
From a regional analogue cable operator filed for bankruptcy in 2002 to a successful digital TV, broadband internet access and telephony player.

Frederic Beauvais, Phora Capital Advisers
Georg Hofer, Kabel Baden-Württemberg GmbH & Co.KG Presentation (87kb, PDF)

Case 3: Premiere - Turnaround by Permira
From a TV operator filed for bankruptcy in 2002 to an independent dominant pay-TV operator in Germany and Austria.

Martin Weckwerth, Permira Beteiligungsberatung GmbH Presentation (232kb, PDF)

 
12.00
 

 
Closing Remarks

Javier Loizaga, EVCA Chairman 2006-2007, Mercapital S.L.

 
12.30
   
Lunch Sponsored by: Aon Mergers & Acquisitions Group
 
13.15
   
Keynote Address – Think out of the Box Introduced by: Davigold

Jonathon Porritt, Programme Director of Forum for the Future and Chairman of the UK Sustainable Development Commission Presentation (4.71mb, PDF)

Sustainable development is fast moving into the centre of public attention - and of our industry – it will have a lasting impact on how we do business. One of Europe’s most active promoters of sustainable development is our keynote speaker in Monte-Carlo. He will speak about how capitalism and business can provide a future of wealth, equity and ecological integrity – how and why we should embrace capitalism as "the only economic game in town."
 
15.00
   
Guided Sightseeing Tour and Dinner (optional)
Friday afternoon at Villefranche.
Friday evening dinner will be held at Beach Resort les Pêcheurs.
(Please see ‘Information’ section for further details)


INTERACTIVE WORKSHOP DISCUSSIONS

On the first day of the Symposium, managing directors and senior executives from some of the leading private equity and venture capital firms will chair a number of interactive workshop discussions. These groups will provide an opportunity to discuss in more detail some of the points raised during the plenary sessions of the day and the key topics of the industry.

Thursday 15 June 2006 at 14.00

The Alternative Investment Market - A Source of Capital or Competition?

Moderators:
Martin Graham, London Stock Exchange Presentation (168kb, PDF)
Bruce Huber, Jefferies Broadview Presentation (440kb, PDF)
Per Samuelsson, HealthCap Presentation (54kb, PDF)

Who owns your Debt? Do you know? Should you care?

Moderators:
Hugh Briggs, CVC Capital Partners Limited
Jamie Dinan, York Capital Management

Deals: What happens when the Wheels fall off?

Moderators:

Richard Collins, Indigo Capital Limited
Richard Grainger, Close Brothers Corporate Finance Limited
Derek Sach, The Royal Bank of Scotland PLC

Life Sciences - Exits: IPO or Trade Sale dominated

Moderators:
Mark Carthy, Oxford Bioscience Partners Presentation (28kb, PDF)
Stephen Schweich, Mooreland Partners LLP
Bryan Wood, Alta Berkeley

Will Returns be crushed by the Wall of Money?

Moderators:
Vince O'Brien, Montagu Private Equity Limited
Katja Salovaara, Ilmarinen Mutual Pension Insurance Company

Corporate Venturing – A new Angle?

Moderators:

Paul Morris, Dow Europe GmbH
Ralf Schnell, Siemens Venture Capital GmbH

The Rise of Leverage in Central and Eastern Europe - How the increasing availability of debt will impact Central and Eastern European Buyouts

Moderators:
Craig Butcher, Mid Europa Partners LLP
Robert Manz, Enterprise Investors
Joseph Schull, Warburg Pincus & Co. International Ltd.

Succession and its Challenges – How to go gracefully?

Moderators:

Carol Kennedy, Pantheon Ventures Limited
Jamie Weir, Private Investor

Secondary Players – Friends or Foes?

Moderators:
Marleen Groen, Greenpark Capital Ltd
Elly Livingstone, Pantheon Ventures Limited

From Private Equity to Venture Philanthropy: Impacting the Non-Profit Sector - How can you become engaged?

Moderators:
Rob John, European Venture Philanthropy Association (EVPA)
Doug Miller, European Venture Philanthropy Association (EVPA)


Thursday 15 June 2006 at 16.30

Multiple Secondaries – Value Creation or a Fee Fest for Bankers?

Moderators:
Mark Foulds, Duke Street Capital
André Jaeggi, Adveq

Debt Markets – Will the Tap be turned off?

Moderators:
William Allen, Blenheim Advisors Limited
Jonathan Rowland, Citigroup
Mark Weston, Electra Partners Europe LLP

Auctions – A Seller’s Perspective Presentation (349kb, PDF)

Moderators:
Nigel McConnell, Electra Partners Europe LLP
Simon Morse, Inchcape Shipping Services

Life Science Mega 'A' Rounds - a sustainable trend?

Moderators:
Carl-Johan Dalsgaard, HealthCap
Denis Lucquin, Sofinnova Partners
Denise Pollard-Knight, Nomura Phase4 Ventures
Christian Schneider, PolyTechnos Venture-Partners

Management Deals – Too Big or too Small?

Moderators:

Noël Albertus, PricewaterhouseCoopers Corporate Finance
Jesper Eliasson, Altor Equity Partners AB
Felipe Oriol, Corpfin Capital Asesores SL

Good Governance - Where is Disclosure going?

Moderators:

Didier Guennoc, EVCA
Julian Knott, Electra Partners Europe LLP
Monika Nachyla, Innova Capital

Restructuring and Turnaround: Waiting for the coming Bankruptcy Boom?

Moderator:
Gerry Loftus, Deloitte & Touche LLP
David Pascall, Terra Firma Capital Partners Limited

Asia, the Private Equity Opportunity

Moderators:
Andrew Cummins, CVC Asia Pacific Limited Presentation (104kb, PDF)

On-shoring in New Europe - The High Potential for developing Business in Central and Eastern Europe

Moderators:
Robert Conn, Innova Capital
Chris Mruck, Advent International PLC

High Risk, High Gain… Secrets behind Phenomenal Seed Investments

Moderators:
Eran Davidson, HassoPlattnerVentures GmbH
Uli Fricke, Triangle Venture Capital Group Management GmbH
Frans van Schaik, Logispring

The Capitalist Revolution made in China

Moderator:
Max Burger-Calderon, Apax Partners Worldwide LLP
Tingru Liu, Infotech Ventures Co., Ltd
Charles Yang Sheng Liu, Hao Capital


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