Master Class : Excellence in Private Equity & Deal Structuring

Transcription

1 Master Class : Excellence in Private Equity & Deal Structuring Program Description: A strong understanding of private equity and deal structuring has become a necessity for all players in the financial eco-system, including the staff of sovereign wealth funds. Besides fund managers, small, growing companies, as well as established corporates need private equity or venture capital to fund their growth strategies. Private equity is now intricately linked to mergers and acquisition and buyout transactions in complex ways. For example, a small firm can now acquire a much larger firm with supplemental private equity. This practical course is presented from three standpoints: Firstly, from the point of view of private equity funds, secondly, from the standpoint of companies and entrepreneurs who are seeking private equity and venture capital and thirdly on deal structuring solutions. Case studies of private equity transactions in China and other Asian countries like India, Indonesia, Malaysia, Thailand, Taiwan and Singapore will be used to illustrate key concepts. The Master class will cover several deal structuring techniques relating to private equity, venture capital and buyout deals. Deal structuring issues and solutions will be illustrated and discussed for various stages and components of private equity transactions. Deal structuring diagrams will be used to maximize clarity of understanding. On Day 1, participants will learn how private equity funds are established in conformity with global best practice, how investments are selected by fund managers, how due diligence is performed, how fund managers add value to portfolio companies and how investments are exited. On Day 2, participants will learn the investment strategies of buyout funds and how buyouts and leveraged buyouts are structured and executed. The methods of selling and investing in distressed companies will be explained. Advanced exit methods will be examined. Date: 4 March to 5 March 2015 Time: 9:00 am 5:00pm Venue: M Hotel Course Director: Mr. Arvind P. Mathur, CFA, FRM As a participant in the CFA Institute Approved-Provider Program, CFA Singapore has determined that this event qualifies for 14 credit hours. If you are a CFA Institute member, CE credit for your attendance at this event will be automatically recorded in your CE diary. Please refer to next page for Course Information

2 Course Information FTS Eligible: This programme is approved for listing on the Financial Training Scheme (FTS) Programme Directory and is eligible for FTS claims subject to all eligibility criteria being met. Please note that in no way does this represent an endorsement of the quality of the training provider and programme. Participants are advised to assess the suitability of the programme and its relevance to participants business activities or job roles. The FTS is available to eligible entities, at a 50% funding level of programme fees subject to all eligibility criteria being met. FTS claims may only be made for programmes listed on the FTS Programme Directory with the specified validity period. Please refer to for more information. Who should attend? CEOs, CFOs, corporate treasurers and board members of companies, financial institutions and sovereign wealth funds Chief investment officers, investment committee members, private equity, venture capital and hedge fund investment managers Government regulators from the Ministry of Bankers, investment bankers and security analysts Finance and Central Bank and Stock Market Regulators Lawyers wishing to understand modern finance Private bankers and wealth managers Risk managers Structured finance professionals Outcome Understand how private equity and venture capital funds are established; Master the operations of private equity and venture capital funds and how value is added; Understand deal structuring techniques Appreciate how entrepreneurs and companies raise private equity and venture capital; Grasp the logic and underlying principles of private equity and venture capital valuation; Understand buyouts and leveraged buyouts, their use and structuring; Learn how to invest in, or sell distressed assets; Understand private equity trends and deal structures in China, India & South-East Asia. Case Studies: Several case studies will be discussed from a practical point of view including those listed in the table below. Country PE Investor Portfolio Companies Singapore Temasek; RRJ; KIC; Canada Pension Plan LBO of oil & gas services company Singapore Temasek; Hopu; Carl Icahn Investments in upstream oil & gas company Singapore Symphony Capital Investment and exit in healthcare India Apax Partners Buyout of outsourcing company India Blackstone Buyout of outsourcing company India Bain Capital Due Diligence & Private equity Dispute India Warburg Pincus Growth capital in mobile telephony Mainland China 3i; Prax Capital Investing in a restaurant chain Mainland China Morgan Stanley; Goldman Sachs Investment in China s financial sector Mainland China SAIF Partners Venture Capital Deal Indonesia Goldman Sachs; Citi $ 1 billion buyout of natural resource company Indonesia Farallon Capital Acquisition of distressed Indonesian bank Korea KKR Buyout Investment Malaysia Crescent Point Education sector Portfolio Company Global KKR ; Sequoia Capital Fund Strategies Please refer to next page for Course Information

3 Course Information Course Content Day One Private Equity - Introduction & operations Terminology: Angel, Venture, Growth, Buyouts, PIPEs Types of Funds: Development Capital, Mezzanine Capital, Distress Investing, Infrastructure Funds, Fund of Funds, Secondary Funds Establishment of a new private equity fund Key Steps & Best Practices Special Focus : RMB funds Governance Structure of Private Equity Funds Types of Limited Partners: Investment Criteria Case Study Finding, Deal Structuring & Closing investment opportunities Sources of Deal Flow Selection Criteria Staged Investments Finding, Deal Structuring & Closing investment opportunities (Cont d) Deal Structuring: Ingredients and Methods Term Sheet Negotiation Value Addition: Governance; Operational Financial Strategic Exit strategies Put Options; Trade Sale; IPO; M&A; Case Study Due diligence Fund of Funds level; Fund level; Company Level Private equity raising by entrepreneurs and companies Understanding the 15-step Process Strategy: Identifying Potential Private Equity Funds Presenting to Private Equity Funds Alignment End of Day One Day Two Buyouts, Mergers & Acquisitions Sources & Causes of Deal Flow Buyout Target Characteristics M&A as an Entry Strategy Case Study : TPG Leveraged Buyouts The Giants of LBOs Funding Structure: Debt, mezzanine, equity Case Study: Goldman Sachs, Citi Advanced Exit strategies Strategic Buyers Mergers & Acquisition: Case Study Swaps, Re-capitalization & Secondaries Exits: Case Study: Warburg Pincus Valuation Comparables Precedent Transactions Intrinsic valuation Real Options End of programme Please refer to next page for Course Director s Bio

4 Course Director s Bio data Arvind P. Mathur, CFA, FRM, has over 20 years Asia-Pacific private equity experience. He has held a variety of senior executive positions, including Head, Capital Markets at the Asian Development Bank and senior capital market roles at Citi and Standard Chartered Bank. Arvind P Mathur, CFA, FRM Currently, Arvind is non-executive Chairman, of Private Equity Pro Partners and the President of the Indian Private Equity & Venture Capital Association and has advised entrepreneurs on behalf of a major investment bank. Arvind s experience encompasses private equity, corporate finance, M&A, investment banking and fund and direct investing in the emerging markets of Asia. In the mergers and acquisition arena, Arvind has worked on cross-border transactions in oil and gas, coal, banking and asset management. He has co-invested with sovereign wealth funds. He has been instrumental in the creation, structuring and placement of several major funds, including The India Infrastructure Fund (close to US$1 billion), The Asian Infrastructure Fund (US$780 million), The Asian Infrastructure Mezzanine Capital Fund (US$265 million), The Asian Equity Infrastructure Fund (US$400 million), and the Infrastructure Development Finance Company (IDFC). Arvind has been a member of investment committees and fund boards which have targeted investments in India, China and several other emerging markets of Asia. His extensive experience has spanned all aspects of private equity commencing from fund formation to investment to value addition to multiple types of exits. Arvind has worked on funds with the Asian Development Bank, the International Finance Corporation (IFC), CalPERS, La Caisse de Depot et Placement du Quebec, the Prudential Insurance Corporation of America and some of the leading institutional investors in Australia, Singapore, Malaysia and India. Please refer to next page for Registration Form

5 Registration Advanced reservation is required due to limited capacity For participation, please complete the fields below and fax or back to CFA Singapore Please indicate membership ID to enjoy members' rate. Refund and Cancellation Policy: - All cancellation requests have to be made in writing and a processing fee of S$50.00 will apply. - Requests made 4 weeks before the workshop date will be charged at 10% of the original workshop fee. - Requests made 2 weeks before the workshop date will be charged at 50% of the original workshop fee. - Requests made 1 week before the workshop date will not receive any refund of the original workshop fee. Name:Mr./Mrs./Ms./Dr./ Membership No.: Designation: Tel: Mobile number: Company: Address: Postal Code: Food Preferences: None Halal Vegetarian Others (please specify): Payment Details I would like to attend: Please mark a tick in the relevant box: (Prices include GST) Master Class on Private Equity and Deal Structuring 4 & 5 March 2015 Registration Fee: Please Tick Membership type Early Bird Fees Standard Fees (include GST) (include GST) CFA Singapore * until 3 February 2015 S$ 1,400.00* S$ 1, Non Member * until 3 February 2015 S$ 1,600.00* S$ 2, Remarks (Bank, *Cheque No.): Amt Due: S$ *All cheques to be made payable to CFA Singapore' c/o 10 Shenton Way #13-02 MAS Building, Singapore Please charge to my credit card I, hereby authorize CFA Singapore to charge my credit card account for the amount $ SGD Credit Card (VISA/AMEX/MC): (Expiry: / 20 ) Signature/ Date (a member society of CFA Institute) 10 Shenton Way, MAS Building, #13-02, Singapore Phone: Fax: eventmanagement@cfasingapore.org