Windhoek, Namibia Private Equity Training Programme: November 2015

Transcription

1 OVERVIEW Windhoek, Namibia Private Equity Training Programme: November 2015 : Tuesday, 10 November 2015 Introductory Training on Private Equity : Wednesday, 11 November 2015 A Master-Class on Successful Deal Completion DATES: November 2015 TIME: 8:00am 5:00pm VENUE: Hilton Hotel, Windhoek Corner of Micheal Scott & Sam Nujoma Ave. Windhoek, Namibia COST: N$2 100 for one day N$3 600 for both days Delegates can attend either session, or both sessions Rates are per delegate (Rates payable in ZAR) SAVCA members receive a 15% discount About the training: The two courses are structured to be self-contained. The Introductory Training on Private Equity is designed to provide an overview of the workings of private equity, and includes a look at the various role-players in the industry, fund structuring, the activities of the private equity fund manager and regulation of the industry. The Master-Class on Successful Deal Completion is designed to give insight into how private equity fund managers go about identifying and acquiring an asset, and putting in place suitable management structures and processes to ensure success. Both sessions are targeted at private equity fund managers, legal and corporate finance advisory firms, asset consultants, institutional investors and regulators. Presenters are seasoned and respected private equity fund managers and advisors. For more information on each presenter, please see below. To register: Contact the SAVCA office on +27 (0) or us at events@savca.co.za About SAVCA: The Southern African Venture Capital and Private Equity Association (SAVCA) is the industry body and public policy advocate for private equity and venture capital in Southern Africa, representing about R170 billion in assets under management, through more than 130 members. SAVCA promotes Southern African private equity by engaging with regulators and legislators on a range of matters affecting the industry, providing relevant and insightful research on aspects of the industry, offering training on private equity and creating meaningful networking opportunities for industry players. Host Sponsor

2 Agenda DAY 1 Introductory Training on Private Equity Windhoek: Tuesday, 10 November :00 REGISTRATION 08:15 08:25 WELCOME SAVCA 08:25 08:45 An overview of the private equity industry: Basic terms, industry scale and outlook 08:45 09:15 The role-players in private equity: The workings of a multi-faceted industry Erika van der Merwe, SAVCA Ross Manton, Webber Wentzel 09:15 10:00 Private equity investment strategies On fund-manager mandates and modus operandi Catherine Swanepoel, Ke Nako Capital 10:00 10:30 COFFEE BREAK 10:30 11:30 Active stewardship: Functions and activities of the private equity fund manager Siya Nhlumayo, Medu Capital 11:30 12:00 Case study Siya Nhlumayo 12:00 13:00 LUNCH 13:00 14:00 Types of private equity structures and how they function Craig Dreyer, Ethos Private Equity 14:00 14:15 COFFEE 14:15 15:00 Understanding fund performance and valuation Craig Dreyer 15:00 15:30 Regulation of private equity Rudolph Fourie, Alternative Prosperity 15:30 16:00 Closing remarks and discussion 2 of 6

3 DAY 2 Agenda A Master-Class on Successful Deal Completion: Managing the deal process from due diligence and negotiation, to structuring, approvals and sign-off. Windhoek: Wednesday, 11 November :00 REGISTRATION 08:15 08:30 WELCOME SAVCA 08:30 08:45 Introduction and overview of a case study: A story about a deal that succeeded Stuart Bradley, Phatisa Ron den Besten, The Abraaj Group 08:45 09:45 Due diligence considerations: Lessons and case studies from Southern Africa 09:45 10:15 Case Study: Due diligence Peter McCrystal, PwC Scott Berry, PwC Stuart Bradley and Ron den Besten 10:15 10:45 COFFEE BREAK 10:45 11:30 Structuring the deal optimally: A GP s perspective Siya Nhlumayo, Medu Capital 11:30 12:30 Case study: Deal structuring, optimisation and value creation 12:30 13:30 LUNCH 13:30 14:15 Minority vs Control: What are the trade-offs? Ron den Besten Michael Jensen, Ethos Private Equity 14:15 15:15 A winning start: Putting in place a 100-day plan for the business 15:15 15:45 COFFEE 15:45 16:15 Case study: The Ringmaster Approach how to get the deal over the line 16:15 16:45 Looking ahead to the exit: Running the sale process 16:45 CLOSE 3 of 6 Ron den Besten, Stuart Bradley Stuart Bradley Stuart Bradley and Ron den Besten

4 SPEAKERS SCOTT BERRY STUART BRADLEY RON DEN BESTEN Scott Berry is Director, M&A Tax Advisory at PwC South Africa. He joined the fi rm in early 2013, after a combined 18 years with another Big 4 fi rm. Scott started his career in tax in 1994 with Andersen, and joined Andersen s Corporate Finance team in 2000, gaining experience in advising on the fi nancial aspects of public to private transactions, Black Economic Empowerment (BEE) transactions, group reorganisations, deal implementation advisory, etc. In the latter part of 2002 Scott rejoined the tax arena specialising in M&A Tax, advising on the tax structuring of public to private transactions, BEE transactions and group reorganisations, as well as tax due diligence executions. Stuart has 18 years of private equity experience in Africa with CDC Capital Partners, Aureos Capital and Phatisa Group. He is the co-founder of Phatisa Group, which has over US$ 286 million of capital under management. During his career, Stuart has successfully raised over US$ 1 billion for private equity funds in Africa.Prior to founding Phatisa, Stuart was the managing partner of the US$ 50 million Aureos Southern Africa Fund in Johannesburg, South Africa. Before joining Aureos Capital, Stuart was the general manager of Takura Ventures in Zimbabwe, where he had overall responsibility for the Fund s success. Ron is the Chairman of the Regional Advisory Council, Sub-Saharan Africa of the Abraaj Group. He joined the group in 2004, and was responsible for the $386 million Aureos Africa Fund s Southern Africa region and the US$50 million Aureos Southern Africa Fund. He has over 18 years of private equity experience gained from institutions such as Gensec Bank Ltd. He has extensive experience in deal structuring, negotiations, strategic development of, and exit from African companies and serves on the boards of directors, audit-, remuneration-, social and ethics- and nomination committees as non-executive director of companies involved in industries such as fi nancial services, fast moving consumer goods, agriprocessing, chemicals, manufacturing and IT services. He is a Chartered Accountant, and holds a B Comm Honours Degree in Accounting from the University of Johannesburg. CRAIG DREYER Craig joined Ethos in 1998 as the Company s Chief Financial Offi cer. Prior to this he was a partner of the Johannesburg offi ce of the international auditing fi rm BDO. Craig is responsible for reporting, valuations, governance and administration of Ethos. He has served as a committee member of South African Venture Capital and Private Equity Association since Craig holds a Bachelor of Commerce degree in accounting and a post graduate Bachelor of Accounting degree from the University of Witwatersrand. He is a member of the South African Institute of Chartered Accountants. Craig represented South Africa at the Fireball World Sailing Championships in San Francisco in Craig is a keen photographer and tries to ride a mountain bike. Craig is married to Linda and has two daughters. RUDOLPH FOURIE Rudolph is a founding director that heads up sustainability and responsible investment at Alternative Prosperity. Alternative Prosperity is a Cape Town based advisory company that aims to inform progressive thinking around organisational responsibility. Rudolph works extensively in the fi nancial sector with a broad range of stakeholders that include major Labour Unions, Pension Funds, Listed and Unlisted Corporates, Sector Associations and Civil Society organisations. Prior to joining Alternative Prosperity Rudolph worked as a Chartered Accountant for KPMG and Sasol from 2001 to Rudolph was then appointed as lecturer and researcher at Stellenbosch University after which he joined the Alternative Prosperity team. Rudolph is still a guest lecturer on the Development Finance Programme at the University of Stellenbosch Business School. 4 of 6

5 SPEAKERS MICHAEL JENSEN PETER MCCRYSTAL SIYA NHLUMAYO Michael joined Ethos in Since joining Ethos, he has been involved in the execution of a number of acquisitions for the Ethos portfolios, including those of ETI (formally Oceanic Bank), House of Busby and Neopak. He currently serves on the board of House of Busby. Michael also worked extensively on the acquisition of Holdsport and played an integral role in the successful listing of that business in Prior to joining Ethos, Michael spent fi ve years at Deloitte, including three years in the Financial Advisory Services division. Michael holds a Bachelor of Commerce Rationum and Bachelor of Commerce (Hons) degree from the Nelson Mandela Metropolitan University. Peter leads the PwC (South Africa) Transaction Services division, specialising in, amongst other deal related services, due diligence investigations, lead advisory services, transaction structuring and advice on the application of the JSE Limited listings requirements. Peter completed his period of traineeship with PwC in 1991, whereafter he took a position as Group Financial Manager of a listed IT group. In 1995 he joined the Corporate Finance division of PwC and, after spending 18 months with the Canadian fi rm, returned to South Africa to focus on building the Transaction Services business in South Africa. Peter was admitted as a partner in the SA fi rm in 1998 and was appointed as Leader of the Transaction Services division for Southern Africa in Peter has led numerous signifi cant transaction and listing assignments. Siyabonga is partner at Medu Capital, a black owned Private Equity fi rm. He is responsible for strategic development, investment execution and management. He sits on various Medu Capital portfolio company boards and sub-committees. He is also a board member and treasurer of the South African Venture Capital & Private Equity Association (SAVCA). Prior to joining Medu Capital in 2007, Siyabonga spent two and half years at PricewaterhouseCoopers Transaction Services advising on a range of transactions. Siya commenced his career at PricewaterhouseCoopers where he qualifi ed as a Chartered Accountant. ROSS MANTON Ross Manton is an associate director in the Corporate Practice at Webber Wentzel. He specialises in investment fund formation, fund investments, and private company investment transactions. His experience has included advising on the formation of investment funds focused on private equity and venture capital, secondary acquisitions, real estate, real estate debt, renewable energy and litigation fi nancing. Ross has also advised limited partners on a number of investments into investment funds and co-investment vehicles. Ross is a qualifi ed solicitor in England & Wales. He has an LLB (Hons) degree from the University of Sheffi eld and a Postgraduate Diploma in Legal Practice from BPP Law School (Manchester, England). CATHERINE SWANEPOEL Ms Swanepoel has over 10 years of private equity and investment related experience and in addition to being a Principal at South Suez, also is on the investment committee of an established South African fund-of-funds. She also sits the Advisory Boards of several African private equity funds. Prior to joining South Suez, Ms Swanepoel was an Investment Manager in the Africa team at CDC, a leading private equity investor in the Emerging Markets with over 140 private equity funds in its portfolio. During her time at CDC, Ms Swanepoel was responsible for performing due diligence on new fund investments as well as for monitoring the performance of existing funds within the portfolio. Prior to that Ms Swanepoel spent 4 years in the Investment Banking division at Goldman Sachs, predominantly in transaction execution for private equity clients. Ms Swanepoel holds a Bachelor of Commerce degree (Honours) in Economics and a Masters of Commerce in Economics, both from the University of Cape Town. 5 of 6

6 SPEAKERS ERIKA VAN DER MERWE Erika van der Merwe is CEO of the Southern African Venture Capital and Private Equity Association (SAVCA), a non-profi t organisation whose objective is to promote venture capital and private equity in Southern Africa. She holds the Chartered Financial Analyst (CFA) accreditation and has a master s degree in economics from Cambridge University and from the former University of Natal. 6 of 6