The European Mid-Market PE Conference
An evolving business model
6 May, London
8:50 Chairman's remarks
Ray Maxwell, CEO, Acrostic
9:00 Opening keynote address: An investor’s view of European mid-market private equity
Erin Sarret, Vice President, Morgan Stanley AIP
9:20 Panel Session: The state of the European market
- How are macroeconomic factors changing mid-market private equity?
- Structural challenges of the investment cycle due to low deal volume
- A shift in emphasis in adding value to portfolio companies
- Expectations for the coming year
Moderator:
Sasha van de Water, Co-Founder, Keyhaven Capital Partners
Panelists:
Wilken von Hodenberg, Spokesman of the Management Board, Deutsche Beteiligungs
Rod Richards, Managing Partner, Graphite Capital
Grégoire Sentilhes, President, NextStage
10:10 Coffee break
10:40 Panel session: Raising a mid-market fund
- Differentiating your fund in a crowded marketplace
- The key messages to limited partners
- Keeping old relationships and building new: who to target?
- Presenting the track record
Moderator:
Andrew Bentley, Partner, Campbell Lutyens
Panelists:
Mark Boyle, Director, Private Equity Funds, Northwestern Mutual Capital
Christian Dummett, Head of UK Business Development, LGT Capital Partners
Jeremy Lytle, Investor Relations Director, ECI Partners
Elizabeth O'Reilly, Partner, LBO France
11:30 Panel session: Ensuring and increasing deal-flow
- Industries with expected opportunities
- Deal timing: when are valuations expected to favor buyers
- Working with lower debt levels
- Dealing with increased competition from large funds
Moderator:
Mark Drugan, Director, Capital Dynamics
Panelists:
Richard Green, Chairman, August Equity
Enrique de Leyva, Founding Partner, Magnum Capital
Michael Russell, Partner, Head of EMEA Region, Altius Associates
Guy Semmens, Partner, Argos Soditic
12:20 Lunch
13:50 Panel session: Adding value and realizing returns
- How are holding periods changing for the near to mid-term future?
- Expectations for the IPO market
- Trade buyers – increasing M&A activity
- Secondary sales – gauging interest from other PE houses
Moderator:
Richard Lever, Partner, SJ Berwin
Panelists:
Steven Clarke, Head of UK Direct Investments, ICG
John Hartz, Managing Parter, Inflexion Private Equity Partners
Daan Knottenbelt, Partner, Palamon Capital Partners
Maarten Vervoort, Partner, AlpInvest Partners
14:40 Presentation: Attractions of listed private equity for mid-market firms and investors
Andrea Lowe, Executive Director, LPEQ
15:00 Coffee break
15:30 Interactive workshop session: Fund terms – how are they changing?
- When is 2/20 reasonable and when is it excessive?
- Key man clauses: increasingly important
- How much has power shifted to LPs?
Moderator:
Michael Halford, Partner, SJ Berwin
Panelists:
Andrew Brown, Investment Consultant, Manager Research, Towers Watson
Dan Kjerulf, Partner, Legal Counsel, Danske Private Equity
Jeremy Lytle, Investor Relations Director, ECI Partners
Rachel Wood, Co-Founder, Amala Partners
16:20 Closing panel session: Limited partner expectations in the new order
- Managing the relationship better: the investors' view
- New standards of transparency
- Return expectations for coming vintages
- Sheep chasing wolves?
Moderator:
Grant Roberts, Co-Head of Private Equity Advisory, Richmond Park Partners
Panelists:
Dirk Lienemann, Vice President, SCM Strategic Capital Management
Robert Mason, Head, PE Investments, Lord North Street
Rhonda Ryan, Managing Director, Head of Private Funds Group Europe, PineBridge Investments
17:10 Drinks reception
18:30 End of conference
*This agenda is provisional and may change at the discretion of the organizers
