11.45 -

12.30

Speaker event - Is taking a Private Equity Approach to Public Equities a sustainable investment strategy?

Lars Förberg, the co-founder of Cevian Capital, one of the most successful activist investors, will discuss his experiences of applying to public market investments the valuation creation approaches more commonly associated with private equity investing. Lars will discuss how a public market investor is able to work with management teams to generate operational efficiencies to unlock shareholder value. He will then address the challenges of undertaking such an investment approach during periods of increased market volatility, when investment managers face additional challenges such as increases in redemption frequency.

Speaker:

Lars Förberg - Founding Partner, Cevian Capital

12.30 -

12.50

Panel 1 - Back to Basics: The Role of Growth Equity in Driving Value Creation

The Growth Equity segment of the Private Equity industry has always limited its use of leverage and looked to create equity value through a focus on operational and business excellence. Our panelists will discuss the value creation strategies which they have employed over time, how they have adapted their approaches during the recent downturn, and where they see opportunities in the road ahead.

Speakers:
Charles Diehl - Founding Partner, Activa Capital
Karsten Langer - Partner, The Riverside Company
Alasdair Maclay - MBA'00D, Director Infrastructure, Actis

Moderator:

Patrick Turner - MBA'78, Affiliate Professor of Entrepreneurship and Family Entreprise, INSEAD

13.45 -

14.35

Panel 2 - Private Equity Financing: Looking through the capital structure

Providers of non-equity finance in Private Equity deals are continually reassessing their investment strategies. In this session we will explore views of participants throughout the capital structure, exploring views on characteristics of the equity sponsors they are looking to support, recent innovation in financing structures, and discuss what levels of leverage can be sustained in the current environment.

Speakers:

Robin Doumar - Managing Partner, Park Square Capital

Andrew Géczy - CEO of Wholesale Markets and Co-Head of Corporate Markets at Lloyds Banking Group, Lloyds TSB
Sanjay Patel - Managing Partner and Head of International Private Equity, Apollo Management International

Moderator:

Martin Arnold - Private Equity Correspondent, Financial Times

Panel 3 - The Leveraged Buy-Out Landscape: Strategies for Generating Returns in a Credit Constrained Environment

While the global economic crisis has presented many Private Equity firms with significant challenges, it has also brought undoubted opportunity to those with capital to deploy. This session will explore which geographies and sectors appear most attractive for Private Equity investment, and debate whether firms will have to adapt their approaches to continue to generate the returns their investors have come to expect.

Speakers:

James Fraser - MBA'91J, Head of Financial Services Team, Permira
Sanjay Patel - Managing Partner and Head of International Private Equity, Apollo Management International

Christian Stahl - MBA'98D, Partner, Apax

Moderator:

Claudia Zeisberger - Affiliate Professor of Decision Sciences, Academic Co-Director, Global Private Equity Initiative (GPEI), INSEAD

15.45

End of Private Equity Track

Click here to go back to the overall programme