Private Equity in Southern Africa 2013
Main Conference - Thursday 14th February 2013 - Hilton Sandton, Johannesburg
07:45 - 08:30Registration and refreshments
08:30 - 08:45Welcoming remarks and Chairperson's opening remarks
Emile Du Toit, Chairman, South African Venture Capital & Private Equity Association (SAVCA)
08:45 - 09:15Keynote address: Setting the scene for investment in South Africa and southern Africa

John Oliphant, Principal Officer and Head of Investments and Actuarial, Government Employees Pension Fund (GEPF)

  • How is southern Africa’s economy holding up in the post-financial crisis, low-growth world?
  • What is the prognosis for South Africa’s economy and how will this affect the wider African economy?
  • What impact has South Africa’s accession to the BRICs group of countries had on its relations with, and opportunities in, the rest of the world?
  • What is the BRIC market view of southern Africa?
09:15 - 10:00Panel discussion: South Africa as a route into the continent’s frontier economies

Paul Wallace, Africa Editor, The Banker
John Bellew, Partner, Webber Wentzel
Clive Howell, Head of Private Equity, Nedbank Capital
Peter Maila, Investment Director, CDC Group plc
Alwyn Wessels, CIO, Harith General Partners
  • What do recent funding, investment and business trends reveal about South Africa as a route into the region’s frontier economies?
  • How do you balance exploration of emerging and frontier markets?
  • How is infrastructure development and regional integration providing opportunities for investors in southern Africa?
  • What are the opportunities for corporate buyers looking to expand into Africa?
  • What are the models for South African private equity firms to gain exposure to the southern African region?
10:00 - 10:20Morning refreshments
10:20 - 10:50Presentation: Value creation themes in private equity

Emile Du Toit, Chairman, South African Venture Capital & Private Equity Association (SAVCA)
André Roux, CEO, Ethos Private Equity
Andrei Vorobyov, Partner, Bain & Co
  • Why is adding value to portfolio companies becoming so important globally?
  • What are the best practices in value addition from leading private equity funds?
  • What models exist to add value to portfolio companies?
10:50 - 11:30Panel discussion: Building a broader private equity base in southern Africa

Stephan Lamprecht, CEO, Venture Solutions
Ron den Besten, Partner, Africa, The Abraaj Group
Claire Busetti, Consultant, Technology Innovation Agency
Jason Goldberg, Director, Edge Growth
Nazeem Martin, Managing Director, Business Partners Ltd
  • What are the opportunities for investment in small and medium cap enterprises in southern Africa?
  • How do you identify the right investment opportunities in the SME market?
  • What is the role of venture capital (VC) and angel investment in the southern African SME market?
  • From which regions does southern Africa plan to attract investment?
11:30 - 12:15Panel discussion: Optimising a South African exit strategy for southern African deals

Lance Williams, Director, iCapital Advisers
Richard Flett, Managing Director, Horizon Equity Partners
Simon Harford, Partner, Actis
Gloria Mamba, Managing Director, Global Environment Fund (GEF)
John Burke, Director: Issuer Services, Johannesburg Stock Exchange
  • How easy is it to exit private equity deals in southern Africa and how do you create an exit strategy for the market?
  • What are the exit conditions in the post-financial crisis world?
  • M&A versus IPO? What are the current opportunities and challenges?
  • Why should you carry out Vendor Due Diligence (VDD)?
12:15 - 13:30Lunch
13:30 - 14:00Audience discussion: Outlook and expectations for the southern African PE market

Warren Watkins, Head of Private Equity Africa & Partner, KPMG

With introductory remarks from Warren Watkins, KPMG and an interactive audience poll on the prospects and opportunities for southern African PE funds.
14:00 - 14:45Panel discussion: Modelling for success in southern Africa

Peter Baird, Head of Private Equity, Standard Chartered
Antony Ball, Private Equity Veteran
Warren van der Merwe, CFO, Vantage Capital
Sundeep Naran, Co-Head of Leveraged Finance, Rand Merchant Bank
  • What financing models are proving most effective for tapping into investment in various sectors? And what are the best strategies for PE investment – via transactions or funds?
  • What role is mezzanine financing playing across the region?
  • How is the venture capital market shaping up in the region?
  • What do investors from outside the continent look for in southern Africa?
14:45 - 15:30Panel discussion: Tax breaks, incentives and changing regulation in South Africa

J-P Fourie, Head of Investor Relations, Lereko Metier
Katherine Gibson, Consultant, National Treasury
Rosemary Hunter, Director, Bowman Gilfillan Inc
Mark Linington, Head, Tax Advisory, Webber Wentzel
Dale Lippstreu, Director, Maitland Fund Services
  • What tax breaks and incentives exist for investors and what are the tax implications of private equity buy-outs?
  • What jurisdictions are used for foreign capital? How do South African tax laws and exchange controls provide incentives for private equity investment in the continent and further afield to be routed through the country as a holding jurisdiction?
  • How can you structure good partnerships with limited partners and general partners to increase returns on ventures?
  • How are changes in pension fund regulations and investment processes affecting private equity in the region?
15:30 - 15:50Afternoon refreshments
15:50 - 16:30Panel discussion: Performance advantages of ESG

James Brice, Managing Director, Environmental Business Strategies
Adrian Bertrand, ESG Manager, Government Employees Pension Fund (GEPF)
Anne Keppler, Equity and Mezzanine Africa, DEG - Deutsche Investitions
Wanjiru Kirima, Consultant – Sustainable Investing, IFC Sustainable Business Advisory
Soula Proxenos, Managing Partner, International Housing Solutions (IHS)
  • How do you make the investment case for ESG? What does it cost? And how do you ensure you don’t hurt returns?
  • How can investors integrate ESG factors into their investment analysis? And what are the benefits?
  • How can sustainability factors help investors identify companies with superior business models?
  • How do you use ESG to achieve corporate responsibility as well as identify risk?
16:30 - 17:30Panel discussion: The African century – a limited partner perspective on the southern African growth story

Jennifer Choi, Acting CEO, Emerging Markets Private Equity Association (EMPEA)
Paul Boynton, Head, Old Mutual Investment Group South Africa (OMIGSA) Alternative Investments
Ephraim Letebele, CEO / Principal Officer, Botswana Public Officers Pension Fund
Daniel Schoneveld, Vice President, Business Development, Hamilton Lane
Earl van Zyl, Portfolio Manager, Momentum Alternative Investments
  • Who are the next generation of limited partners, and what is encouraging them to invest in South Africa?
  • How can limited partners benefit from the opportunities of the African century in southern Africa?
  • How is the relationship between limited partners and general partners changing in South Africa?
  • How do limited partners assess and monitor the risks of their investments in southern Africa? What are the key barriers as they expand their commitments in the region?
17:30 - 17:40Closing remarks
Jeffrey Leonard, Chairman, Emerging Markets Private Equity Association (EMPEA)
17:40Close of conference and networking drinks reception