Track II : LBO and Management :dealing with underperformance
9:00 - 9:15 |
OPENING NOTE : |
9:15 - 10:05 | Panel 1: Overview - LBO post Lehman Brothers, the New Rules of the Game
Time for LBO reinvention - Adjusting to a different paradigm New opportunities arising from the crisis: Turnaround, Small & Mid Caps, Listed Market, Distressed Debt; New Regulatory decisions: the panacea or pandora's box? Embracing changes, the KKR model: from buy-out shops to business diversification What is more important: selling the team, selling the fund or selling the opportunity? Local Private Equity VS Global Private Equity Funds
Benoît Métais - Member of the Management Board of Sigefi, Siparex Group, & Co-Head of Growth Capital and LBO Financing
|
10:05 - 10:55 |
Tackling an overleveraged business Capital cost components: Risk Perception, Taxes associated with risk, Regulatory cost What are the criteria that matter most for banks when chosing a GP Best practices and lessons learnt in the past 12 months How do financial and operational turnaround work together?
Thomas Costa - Chief Executive Officer, Coventya |
10:55 - 11:15 | Networking Break |
11:15 - 12:05 | Panel 3: Addressing Operational Underperformance Juggling at the same time: debt size, need for refinance, subsidiaries position, changes in the shareholders bases
How to deal with the lack of visibility and commit shareholders The creation of value through restructuring Restructuring and Recovery: the experience to date The key recovery drivers: jurisdiction, seniority, industry, ownership |
12:05 - 14:00 | Networking Lunch KEY NOTE: Message from Jean-Paul Gauzès - Rapporteur for the European Commission for Private Equity Firms and Member of the European Parliament (video) |
14:00 - 14:50 |
Panel 4: Management Package - Restructuring the Deal and Rebuilding Trust
How to conciliate the interests of the top management and PE funds? Financing the deal: innovative techniques, for the cash-strapped and others Managing the existing resources: management, motivation, incentives How to reset expectations, BP & management package Roles of managers in debt restructurings How to place the underperformance balance
Marc Granger - Chief Executive Officer, Compin Group |
14:50 - 15:40 | Panel 5: Deals Structure 2009/2010 - The Do's and Don'ts
Build up strategies: how to manage and finance expansion When something goes wrong: how the banks react? What are the strategies left to the management and funds? The “Golden PE Era” becomes “The Resposable PE era” Debt-for-equity deals M&A and Distressed M&A |
15:40 - 15:55 | Networking Break |
15:55 - 16:45
|
Panel 6: LBO Exits - When and How ?
Which door to take: what are today's real opportunities? New exit strategies and horizons Case study When do exits come back? Carve Outs |