Tuesday 31 May 2011

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08:00 Registration and coffee

08:40 Unquote" welcoming address

08:50   Chairperson's opening remarks

Clas Romander, Partner, DELPHI

09:00 Keynote address: Raising, slicing and eating the cake - an investor's perspective

Robert Nef, Member of Management Team, SWISS RE PRIVATE EQUITY PARTNERS

09:30 Panel discussion: A closer look at the Nordic buyout and growth market

  • Analyzing the rebound in buyouts, new trends and strategies
  • Growth prospects in the Nordic market
  • Why are prices pre crisis high again?
  • Outlook for mid-market transactions

Moderator: Kimberly Romaine, Editor-in-chief, UNQUOTE"
Harold Kaiser, Managing Partner, LITORINA
Gustav Bard, Managing Director, 3i NORDIC
Hans Wikse, Managing Partner, PROCURITAS

10:10 Morning refreshments

10:40 Presentation: Regulatory updates - assessing the landscape in Europe and abroad

  • AIFM, Solvency II and CRD IV: how will these impact and shape the PE and venture capital landscape?

Anne Holm Rannaleet, Senior Advisor and Chairman, IK INDUSTRIAL ADVISORY BOARD

11:10 Panel discussion: Structuring Nordic PE investments via Luxembourg PE vehicles

Moderator: Hans-Jürgen Schmitz, President, LPEA
David Capocci, Tax Partner, DELOITTE
Anja Grenner, Associate Director, ERNST & YOUNG
Dagfinn Paust, Partner & Chairman, POSITRON ALTERNATIVE INVESTMENTS
Tom Loesch, Member of LPEA

11:40 The Nordic private equity market: your views

Delphi interactive survey, issues to be featured include:

  • Is Sweden's economy on a steady road to recovery?
  • What sectors will be most appealing to private equity buy-out over the next 1-2 years?
  • What are/will be the best exit opportunities for 2011 and early 2012?
  • Is there a price expectation gap between buyers and sellers, if so how large?

David Aversten, Partner, DELPHI

12:00 Lunch

13:00 Securing leverage - innovative strategies in today's market

  • Assessing the capital structure for 2011: the changing face of senior and subordinate debt
  • Reverse flex to super flex - where now for margins and pricing?

Ian Borman, Partner, SJ BERWIN

13:20 Panel discussion: Where do future returns come from in the Nordic market?

  • Returns overview from CEPRES
  • Seeking the Alpha factor
  • Shift from financial engineering to operational improvements?
  • More focus on growth niches?
  • Improved timing of the cycle?

Moderator: Erik Ferm, Partner, PALAMON CAPITAL PARTNERS
Frode Strand-Nielsen, Managing Partner, FSN CAPITAL
Hans Otterling, General Partner, NORTHZONE VENTURES
Ole Steen Andersen, Chairman, DVCA

14.00 Panel discussion: The exit market - what to expect in 2011 and beyond

  • Unquote" statistics on exit routes
  • Secondary buyouts -back in earnest, or mere horse trading?
  • Trade buyer appetite for private equity assets
  • Stock market opportunities

Moderator: Daniel Mytnik, Partner, PALAMON CAPITAL PARTNERS
Vilhelm Sundström, Partner, AXCEL
Fredrik Strömholm, Partner and Founder, ALTOR
Åsa Hallert, Partner, EQT

14:40 Afternoon break

15:10 Panel discussion: Fundraising trough - is the only way up?

  • Fundraising amid undrawn capital commitments, LP solvency issues
  • Evolution of terms and conditions and how much pressure is coming from LPs in this area
  • The importance of permanent capital vehicles
  • Will there be sufficient liquidity for LPs to invest in the next generation of funds?
  • Who will win the fund raising game when the floodgates open? Which funds will be oversubscribed and which will not get raised?

Moderator: Nigel Van Zyl, Partner, SJ BERWIN
Jesper Knutsson, Senior Investment Manager, DANSKE PRIVATE EQUITY
Tom Berggren, Partner, OPTIMIZED PORTFOLIO MANAGEMENT
Edward Hutton, Senior Vice President, CAMPBELL LUTYENS

15.50 Presentation: Fund manager selection - global, regional or country-specific?

  • Access to funds offered by large managers vs. expertise of on-the-ground managers

Michael Russell, Partner and Head of EMEA, ALTIUS ASSOCIATES

16.10 LP Panel: What is dominating the current agenda?

  • How is the Nordic region perceived by the international investment community?
  • Where are the compelling opportunities to invest and where will returns come from?
  • What are LPs really looking for and how can GPs differentiate themselves?
  • Perspective on fund investing vs. direct investing

Moderator: Béatrice Vachonfrance, COO Continental Europe, eFront
Søren Brøndum Andersen, Partner, ATP PRIVATE EQUITY PARTNER
Thomas McComb, Managing Director, JP MORGAN ASSET MANAGEMENT
Robert Nef, Member of Management Team, SWISS RE PRIVATE EQUITY PARTNERS
Carolina Espinal, Vice President, HARBOURVEST

16:50 Chairperson's closing remarks

17:00 Cocktail reception