Remind Me
Thursday 10 November 2011
08:20 Registration & refreshments
08:50 unquote" welcoming address
08:55 Chairperson's opening remarks
Mara Caverni, Partner, PwC
09:00 Keynote address: Italian economic outlook - make it or break it?
• Italy and Southern Europe; is Italy's investment reputation worse than the reality?
• Key features of the Italian economy and investment opportunities
Dante Roscini, Senior Lecturer, L.E Simmons Faculty Fellow, HARVARD BUSINESS SCHOOL
09:30 Panel discussion: Navigating the new fundraising climate - what does it take to succeed?
• How is the market of pan-European funds changing under the AIFM
Directive?
• How to attract new sources of capital and change negative perceptions
abroad?
• What LPs expect from private equity partnerships going forward?
• International perspective on fundraising and lessons for Italian funds
• GPs/LPs alignment of interests
• Competition from sovereign entities
• Smart money versus commodity money
Moderator: Michele Semenzato, Founding Partner, WISE SGR
Gao Zhen, Partner, MANDARIN CAPITAL PARTNERS
Edoardo Lanzavecchia, Managing Partner, ALPHA ASSOCIATI
Mario Barozzi, CEO, IDEA CAPITAL FUNDS SGR
10:10 Panel discussion: The reasons to invest in private equity in Italy
• GPs approach to the SME market; how to support them and play with the export opportunity
• Which are the industries with higher potential for PE returns in Italy?
• Country discount or premium dilemma?
• Minority or majority?
• Management or entrepreneurs?
• Post-investment - focus on portfolio management and value creation
Moderator: Mara Caverni, Partner, PwC
Nino Tronchetti Provera, CEO and Founding Partner, AMBIENTA
Michele L. Russo, Chairman and CEO, OPERA SGR
Giuseppe Campanella, President, FONDAMENTA SGR
Fabrizio Medea, Partner, WISE SGR
10:50 Morning refreshments
11:20 Panel discussion: Evolution of capital structure in LBOs
• Overview on recent changes in the capital structure of LBOs
• View from lenders, M&A advisors, Private Equity
• Impact on the expected deal flow
Moderator: Daniele Candiani, Managing Director Italy, Corporate & Structured Finance, IKB Deutsche Industriebank AG
Vito Ronchi, Leveraged Finance, BNP PARIBAS
Vincenzo De Falco, Head of Industry Groups and M&A, BANCA IMI
Nicolo Saidelli, Managing Director, AXA PRIVATE EQUITY
12:00 Panel discussion: Evolution of the exit market
• Restricted exit routes for mid-market companies
• Managing a dual-track exit strategy - IPO and assets on auction
• Potential advantages and disadvantages of pursuing the dual-track
approach
Moderator: Bruno Pastore, Partner, AMROP
Eugenio Morpurgo, CEO, FINEUROP SODITIC
Filippo Aleotti, President, INVESTINDUSTRIAL
Raffaele Vitale, Partner and Managing Director for Italy, PAI PARTNERS
Nicola Emanuele, Executive Director, AKSÌA GROUP
12:40 Presentation: Liquidity considerations; the role of secondaries in the Italian
private equity market
• Review of the current status and outlook
• Opportunities and challenges in the secondary market
Giuseppe Salamone, Associate Investment Director, GREENPARK CAPITAL
13.10 Interactive survey
Maurizio Delfino, Founding Partner, DELFINO E ASSOCIATI WILLKIE FARR & GALLAGHER LLP
13:30 Lunch
14:30 Presentation: Italian PE funds - how to deliver competitive returns by innovating in the tradition
• Italian export champions; a great opportunity
• Generational change and company growth; the role of PE investors
• Italian fund's internationalisation as a fundamental element to deliver
real added value and generate competitive returns
• Buyout vs. expansion capital; what is the future in Italy?
Fabio Sattin, Chairman and Founding Partner, PRIVATE EQUITY PARTNERS
15:00 Presentation: Evolution of the regulatory environment for Italian investment vehicles
• The impact of the AIFM Directive on the Italian private equity market: a real change?
• The different legal structures for the private equity activity in Italy
• The AIFI's policy recommendations and initiatives to develop the private equity and venture capital market
Alessandra Bechi, Tax & Legal Director, AIFI
15:30 Panel discussion: National and international LPs - point of view and orientation
• Is the Italian LP community supportive enough? If not, why?
• Is the new 20% capital gain tax on profits going to be crowding out
Italian PE investments vs. other European countries?
• General perception of Italy for an international investor; opportunities
and risks
Mark J. McDonald, Director, KEYHAVEN CAPITAL PARTNERS
Robert Nef, Member of Management Team, SWISS RE PRIVATE EQUITY PARTNERS
Francesco di Valmarana, Partner, PANTHEON
Francesco Aldorisio, Director, AKINA
John Holloway, Director, EUROPEAN INVESTMENT FUND
16:10 Keynote closing session: The role of private equity in the Italian economy
• From public debt to private equity: the new wave of Italian economic policy
• The important role of private equity to support the development of the Italian economy
Andrea Montanino, Director General, Department of Treasury, ITALIAN MINISTRY OF ECONOMY AND FINANCE
16:40 Chairperson's closing remarks
Mara Caverni, Partner, PwC
