Italia Unquote" Private Equity Congress programme

Thursday 11 November 2010

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08:30 Registration and coffee

08:50 Chairman's opening remarks

Mara Caverni, Partner, Transaction Services, PricewaterhouseCoopers Italy

09:00 *KEYNOTE ADDRESS*

From debt to equity: a new economic policy

• Macroeconomics on debt: why it is time to focus on changing from a debt economy to an equity economy
• The new ‘Fondo Italiano di Investimento per le PMI”: a public-private partnership for reinforcing Italian firms

Andrea Montanino, Director General, Department of Treasury, ITALIAN MINISTRY OF ECONOMY AND FINANCE

09:30 PANEL DISCUSSION: Current PE landscape in Italy - where are we with the market?

• Discussing the Italian general economic situation - public finances and real economy - as compared with other major EU countries
• How fast will draw downs pick up prior to distributions reaching meaningful levels again?
• Will the increase in draw downs trigger a new liquidity crunch for investors?
• Will there be a double dip recession and what would be the impact on private equity in general and existing portfolios in particular?

Vito Gioia, Managing Partner, AMROP

Anna Gervasoni, General Manager and Associate Professor, A.I.F.I. and L'UNIVERSITA CARLO CATTANEO

Francesco Aldorisio, Director, AKINA PARTNERS

Salvatore Bragantini, President, Pro Mac - MERCATO ALTERNATIVO DEL CAPITALE

10:10 PANEL DISCUSSION: LP/GP Relationships in a fragile market

• Has the model changed?
• Discussing GPs and LPs views on what challenges and opportunities are offered in a world whose priority will be de-leveraging for the next 3-5 years
• Why volumes have been down in certain sectors
• What are the core competitive strengths of the Italian market?
• Assessing the new regulatory landscape – AIFM and EVCA

Raffaele de Courten, Founding Partner, ALTOPARTNERS

Carl Nauckhoff, Partner, INVESTINDUSTRIAL

Paolo Gambarini, Founding Partner, WISE SGR

Carlo Mammola, Managing and Founding Partner, ARGAN CAPITAL; Board Member EVCA and Deputy Chairman of its European Mid Market Platform Council

10:50 Morning break and an opportunity to network

11:20 PANEL DISCUSSION: Refinancing outstanding debts: Progress, ways and what a manager prefers

• How big is the debt problem within portfolio companies?
• What are GPs doing to deal with this and how will banks respond?
• Participating in financial restructuring and the maturing of LBO debt through mezzanine funds

Mara Caverni, Partner, Transaction Services, PricewaterhouseCoopers Italy

Daniele Candiani, Managing Director and Country Head Italy, IKB Deutsche Industriebank AG

Lorenzo Salieri, Buyout Partner, 3i

11:50 GP Panel

• How do you position yourself to increase your chances of success with the market remaining tough?
• How do you show performance to LPs in a difficult exit market?
• The drought of new buyout deals – what successful strategies have been utilised to enable GPs to get deals done?
• Are non-buyout areas seeing a renaissance – i.e. venture/growth/turnaround?
• Will exit routes be considerably different in the future?

Eugenio Morpurgo, CEO, FINEUROP SODITIC

Matteo di Montezemolo, CEO, MONTEZEMOLO & PARTNERS / CHARME INVESTMENTS, Vice-president, ALTAGAMMA

Andrea Bonomi, Chairman, INVESTINDUSTRIAL

Nino Tronchetti Provera, CEO, AMBIENTA SGR

Edoardo Lanzavecchia, Partner and CEO, ALPHA ASSOCIATI

Gabriele Cappellini, Director General, MPS VENTURE SGR, Managing Director, FONDO ITALIANO DI INVESTIMENTO PER LE PMI

12:30 PRESENTATION: Private equity secondaries market: overview and outlook

Giuseppe Salamone, Associate, GREENPARK CAPITAL

13:10 Lunch

14:10 PRESENTATION: Innovative portfolio management techniques - creating real value added in today’s markets for Italian SME’s

• How to add value to portfolio companies when using less leverage?
• Capitalising on the boom in Lower Mid Market and Medium Growth Buyouts
• Innovative portfolio management techniques
• How to exploit at best internationalisation opportunities to create value added deals
• The future of the Italian private equity market

Fabio Sattin, Chairman and Founding Partner, PRIVATE EQUITY PARTNERS SGR

14:40 PANEL DISCUSSION: Fundraising climate

• Latest market developments and their impact on fundraising decisions
• Will a lengthy period of Euro weakness make US/Asian fundraising harder for EU GPs?
• ILPA guidelines and the challenge of fundraising

Janet Brooks, Managing Director, MONUMENT GROUP

Michele Semenzato, Founding Partner, WISE SGR

15:10 PANEL DISCUSSION: LP Panel - Lessons learned from the crisis

• Shift of power: are LPs reshaping the Private Equity Market?
• Fund-of-Funds as an investment vehicle
• Financial leverage or more industrial value?
• Italian industry structure: how to react to face the coming challenges
• Where are the compelling opportunities to invest and where will returns come from?

Raymond Abbot, Managing Director, ALLIANCE TRUST EQUITY PARTNERS

Robert Tomei, Chairman and Founding Partner, AC PRIVATE EQUITY PARTNERS

16:00 Chairperson's closing remarks and cocktail reception