david cottam, partner, park square capital pan european ... · mezzanine finance & the...

· Activa Capital· Akina· Alcentra· Alpinvest · Atesis Finance· Ares Capital

Europe· Armada Capital· Ashurst· Avebury Capital

Partners· AXA Mezzanine· Azla Advisors· Babson Capital

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Capital· BNP Paribas· BVCA · Capzanine· CEPRES· Credit Agricole

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for Business, Innovation & Skills

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Investments

Tuesday 22nd May – Friday 25th May 2012Marriott Rive Gauche Hotel, Paris

Now the 10th year in FranceWhat’s new for 2012?

“ ”

The largest gathering of mezzanine and leveraged finance players in Europe!

Register by 26th March 2010

– Save up to £1200!

Pan European

Mezzanine Finance& the Subordinated Debt Market Paris 2012

•Newspeakers! • Mezz Funds • LPs • Private Equity • Financiers • Advisory • Government

•Newresearch Hear latest research from

CEPRES on the state of the Mezzanine Market.

•NewSummitFrenchPrivateEquityLP/GP perspectives on French PE: Strategies for deals, financing, ESG, fundraising, turnaround & exits

•Newdebates • Role of Governmental

Institutions in the market for mezzanine

• What must mezzanine do to reinvigorateitself?

• New Topicsfor2012 • InvestmentAnalytics • PortfolioManagement • European Mezz Perspectives: - RatingsAgency - Legal - Investors • LPAllocations&Fundraising • OriginationSources • Regulation • MidMarketMezz • Refinancing&Restructurings • GrowthCapitalfor SMEs • European HighYield

The content

& networking are

second to none

Ryan McGovern, Ember Capital”“

WithOver80ExpertSpeakersFrom:

Hearfromthefollowingoutstandingspeakers

JoeTrueloveKLEINWORT

BENSON

RobinDoumarPARKSQUARE

CAPITAL

ErikBosmanALPINVEST

DavidWilmotBABSON

CAPITALEUROPE

DuncanWoollard

SJBERWIN

JanWiklundARMADA

MEZZANINE

MichaelHeneberry

PALIOCAPITALPARTNERS

PascalMeyssonALCENTRA

MichaelCrosbyPROSKAUER

GuntherVoglerAKINA

JoachimSchumacher

DEG

JamesPerryASHURST

PeterSchwanitzPORTFOLIOADVISORS

MartinSchnaierSANNEGROUP

DanielGreenawayPINSENTMASONS

LouisLavoieCRESCENT

CONSULTING

TerryHughesHUTTONCOLLINS

JoelHernandezMOURANTOZANNES

BorgeGrauelGOLDINGCAPITAL

PARTNERS

CecileMayer-LeviAXAMEZZANINE

ClaudioSiniscalso

HARBOURVEST

FabriceDamienTIKEHAU

MiguelToneyMEZZVEST

ChristinePannier

EIF

AndrewQuinnKPMG

Registerby30March2012

&Saveupto£1200

TwoSummitsforParis2012

FundraisingSummit

This innovative one day summit exclusively focused on fundraising for and LP commitments to, Mezzanine funds. Hear from more LPs than at any other leverage event.

FrenchPrivateEquitySummit

Brand new for Paris this one day summit looks at the current French Private Equity space. Hear from leading GPs and LPs on their appraisal of the French Market.

Themustattendeventforleveragedfinanceprofessionals…awho’swhooftheindustry David Cottam, Partner, Park Square Capital

BreakdownofAttendees

Private Equity Sponsors 7%

LPs 18%

Mezz Funds 35%

Mezz Advisory 25%

Banks 15%

REGISTER TODAY: Tel: +44 (0) 20 7017 7790 Fax: +44 (0) 20 7017 7824 Email: [email protected] the latest programme or to register, please visit: www.iir-events.com/mezzanine

Bronze Sponsors: Summit Sponsor Media Partners:

Exhibitor

Gold Sponsors: Silver Sponsor:

Scan with smartphoneQR Reader App

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09.00 Chairman’sOpeningRemarks

09.15 LP Allocation & Fundraising Developments for Mezzanine: Observations from CEPRES

• GPs & LPs historical view on the attractiveness of Mezzanine markets vs. today’s situation • LP Appetite for Mezz during times of the credit crisis •Do recent Mezz deal terms back the historical LP appetite-level?•Conclusions that we can draw for today's outlook

Daniel SchmidtManaging Partner CEPRES

09.45 The Mezzanine Pipeline •Whatrolewillmezzanineplayin2012? •HowisMezzaninecurrentlybeingused? •Currentmezzaninefundraising •Determiningwhowillbeinvestinginmezzanunderwhat

terms Theo Dickens

Partner PREFEQUITY

Matthias UnserFounding Partner YIELCO INVESTMENTS

Eric SchaeferPartner ATESIS FINANCE

10.30 NetworkingCoffeeBreak

11.00 Future LP Commitments to Mezzanine Funds •DoLPshavesufficientcapacitytocontinueinvestingin

Mezzanine •WhatarethemostattractiveareasforLPsoverthenexttwo

years? •Howhaveinvestmentstrategiesandcriteriachanged? •Understandingwhetheralackofdistributionshasimpacted

onLPabilitytoinvestinMezzanine •Ismezzanineanattractiveinvestmentproposition? James Newsome

Managing Partner AVEBURY CAPITAL PARTNERS

Claudio SiniscalcoPrincipalHARBOURVEST

Peter SchwanitzManaging Director PORTFOLIO ADVISORS

11.45 Fundraising in a challenging environment •Marketingandachievingclosing •Surveyofprincipalterms •Legalandregulatorychanges Daniel Greenaway

Partner PINSENT MASONS

12.15 Lunch

13.30 Mezzanine Opportunities in Frontier Markets •Impactofrecenteconomiceventsonemergingmarkets •Comparisonofpricing&structureindifferentmarkets •Inwhichsectorsarethereattractiveinvestmentstobemade •Analysisofthedifferentlevelsofprotection/securityin

differentmarkets •Identifyingupcomingopportunities Luc Albinski

Managing Partner VANTAGE CAPITAL

Joachim SchumacherFirst Vice President, Head of the Equity and Mezzanine DEG

Chris BuckleManaging PartnerMEZZANINE MANAGEMENT

14.20 Opportunities in Sponsorless Mezzanine •Theadvantagesofsponsorlessmezzanine •Investorexpectationsofsponsorlessdeals •CansponsorlessfundscompetewithcapitalrichPrivate

Equityfunds? •Possiblepitfallsofsponsorlessdeals•Whichtypesofmanagementaresuitable?

15.10 Mezzanine & other Debt Strategies •Currentfundraisingoutlookformezzanine•Comparing mezzanine with other debt strategies •Comparative risk/reward ratios •Investorsentimenttowardsdebt strategies•Howtodifferentiate between managers and strategies •How do strategies vary between regions?

Join our Mezzanine Finance Linkedin group

http://www.informaglobalevents.com/MEZZLNKG

Fundraising&LPAllocationsSummitTuesday22ndMay2012Paris

Summit Sponsor: Pinsent Masonsisafullservice,internationalcommerciallawfirmwith270partnersandover1,000lawyers.WehaveofficesintheUK,HongKong,Shanghai,Singapore,BeijingandDubaiaswellasanenhancedglobalandpan-EuropeanpresencethroughourstrategicalliancewithSalans.Weactforprivateandpublicsectorclientsworldwideandourfirmisknownforthedepthofitssectorknowledge.Ourfundspracticeispartofourcorporatepracticegroupandhaswideexperienceofadvisingoninvestmentfundsand

structuresthroughtheuseofvariousstructures.Weactonbothprivateandpublicfundstructures.Wealsoactforbothinstitutionalandstart-upfundmanagersaswellasanumberoflargeinstitutionalinvestorswheninvestingintootherfundstructures.

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Register TodayCall: +44 (0) 20 7017 7790 Fax: +44(0) 20 7017 7824 Email: [email protected]

For the latest programme and to register, please visit: www.iir-events.com/mezzanine

Francois LacostePartner IDINVEST PARTNERS

Thomas SpringPartner SYNTAXIS

Gert-Jan MonsterSenior Investment Officer FMO

David WaxmanManaging Director

AZLA ADVISORS

16.00 End of Summit & Drinks Reception

Marital LaubyPartner

ACCESS CAPITAL PARTNERS Gabriele TodescaPrincipal

EUROPEAN INVESTMENT FUND

Conference Day One – Wednesday 23rd May 2012

09.15 Chair’sOpeningRemarks Adam Moorshead

Head of Fund AdminsitrationKLEINWORT BENSON

09.30 Private Equity Outlook: The Driver for Demand •TheoutlookforPrivateEquityM&Aactivityin2011/12 •Identifyingcurrentdealflowdrivers •Whichsectorswilldealsbedonein •Whatchallengeslieaheadtogetthemarketmovingagain? Michael Abraham

Co-Head Financial Sponsors Group EMEAUBS

Gilles CollombinManaging DirectorHSBC

Stephane BarretHead of European Financial Sponsors CoverageCREDIT AGRICOLE CIB

Didier Denat Head of Financial Sponsors Group EMEA CREDIT SUISSE

Florus PlantengaDirectorHOULIHAN LOKEY

10.15 Mezzanine in Today’s Market •Howhasthemezzaninemarketevolvedinrecenttimes? •Whoisstillactiveinthemezzmarket? •Whatisthefutureroleofmezzanine? •Identifyingthemaindriversformezzanineactivity •Identifyingwhathasdampenedthemezzaninemarket •Theneedforflexible,bespokesolutions •Howshouldtheproductevolvetomeetthecurrentneeds

ofthemarket? Joe Truelove

Head of Business DevelopmentKLEINWORT BENSON

Klaus PetersenPartnerPARK SQUARE CAPITAL

Dominic Courtman DirectorROTHSCHILD


11.30 Mezzanine Investment Analytics & Portfolio Management Discover detailed analyses of:

•Return&riskmeasuresforEU&USmezztransactions •PositionofMezzaninevs.otherPrivateEquity •PortfolioManagement&MezzanineasanAssetclass Daniel Schmidt

Managing PartnerCEPRES

12.00 European Mezzanine: The Ratings Agency View •Latestperformance/ratingstrendsandoutlookfor

Europeanleveraged/mezzanineborrowers •Thenextchallenge–refinancingoptionsfor •Howaredifferentlevelsofrefinancingriskrated? Ed Eyerman

Managing DirectorFITCH RATINGS

12.30 Lunch

14.00 Mezzanine: the Legal View from Below •Theintercreditor:anywherelefttogoformezzanine

lendersinEurope? •U.S.mezzanine:howrecenttrendsmayimpactEuropean

transactions •Mezzaninestructures:haveyouthoughtabout...? •Equityco-investments:whatyoushouldbelooking

outfor •Europeaninsolvencylaws:howpartialharmonisation

oflocalEuropeaninsolvencylawscouldopenupdealopportunitiestomezzaninelenders

Michael CrosbyPartnerPROSKAUER

14.30 Mezzanine: An Investors’ Market •Strongfundamentals •Arranger-ledmodel •Disciplineanddiligencearecritical •Attractiverisk-adjustedreturns Robin Doumar

Managing PartnerPARK SQUARE CAPITAL


15.30 The Mezzanine Cycle: Update on Fundraising & Investment

•Currentfundraisingmarket: -sourcinginvestors -gaininginvestment -closingafund •Mezzanineinvestment:deployingcapital -lateststructuresandpricing -effectiveintercreditoragreements -gettingdealsdone Duncan Woollard

PartnerSJ BERWIN

Ian BormanPartnerSJ BERWIN

Pan-European

Mezzanine Finance& the Subordinated Debt Market Wednesday 23rd & Thursday 24th May 2012, Paris

Listen to the industry’s best professionals at one of the best

attended European events for the Leveraged Finance World

Jon Moulton, Chairman, BETTER CAPITAL

““3



Rob Reynolds Chief Investment Officer PALACE STREET, 3i GROUP

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Pan-European

Mezzanine Finance& the Subordinated Debt Market

16.00 LP Allocations to Mezzanine & Current Fundraising Outlook

•Whatisthecurrentinvestorsentimenttowardsmezz? -LP/GPrelationship -fees&carry •Performanceexpectationsofmezzfunds -howdoesthiscomparetootherassetclasses? •Whatotherproductsarecompetingwithmezzfor

investment? •Analysisofwhatmakesafundanattractiveinvestment •HowdoLPsdifferentiatebetweenmanagers •HowhaveLPsinmezzaninefundschangedpreandpost

crisis?

Börge GrauelInvestment DirectorGOLDING CAPITAL

16.45 Identifying Origination Sources for Mezzanine •Diversifyingoriginationsources -M&A -Refinancing -Secondary/tertiarybuyouts •Howtoidentifynewopportunities •Sponsorrequirements •Refinancingcompanieswithlimitedaccesstomainstream

capitalmarkets •FillingthegapleftbyCLOsendingtheirreinvestment

periods •Pricingandstructuresinsecondary/tertiarybuyouts •Examiningwheremezzaninefitsintocapitalstructures •Replacingexistingmezzoranewmezztranche? •Recentexperiences Ryan McGovern

Partner EMBER CAPITAL

Michael Small Partner PARK SQUARE CAPITAL

Peter MullenHead of Syndications BANK OF IRELAND

Conference Day Two – Thursday 24th May 2012

09.00 Chair’sOpeningRemarks

09.15 What Must Mezzanine do to Strengthen Itself? •Externalfactorsimpactingthemezzaninemarket -lackofLBO&M&Aactivity -largeamountsofPEdrypowder -unitrancheandotheralternativestructures •Arethesethereasonsforalackofactivityorhavemezz

managersplayedarole? •Theriseofmezzanine:newopportunities -lackoftraditionalbankfinance -upcomingrefinancingwall -sponsorless/directinvestment •Howtotakeadvantageandreinvigoratethemarket -theneedforflexibility -newapproachestoorigination -newstructures Terry Hughes

Partner HUTTON COLLINS

Cecile Mayer-LeviManaging Director AXA MEZZANINE

Erik BosmanPartner ALPINVEST

Louis LavoieManaging DirectorCRESCENT CONSULTING

Miguel ToneyDirector MEZZVEST

10.00 Regulation in Today’s Market •Assessingtheimpactofregulationonfundformation -EUAIFM -DoddFrank -FATCA -BaselII •Regulationindifferentdomiciles •FutureChanges Joe Truelove

Head of Business Development KLEINWORT BENSON

Andrew QuinnPartnerKPMG

Joel HernandezPartner MOURANT OZANES

James PerryPartner ASHURST

10.45NetworkingCoffeeBreak

Simply the only real networking opportunity for Mezzanine

stakeholders in today’s marketDarren Hart, SANTANDER

““

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David WilmotJoint Head of Mezzanine & Private EquityBABSON CAPITAL EUROPE

17.30 Gala Drinks Reception

Oliver MorrisTechnical Director

BVCA

Sanjay MistryDirector

MERCER

11.15 Mid Market Mezzanine: Closing the Funding Gap •Explainingthereasonsbehindtheincreasingpopularityof

mezzaninefinancingforinthemidmarket •Wheredoesmezzaninegetusedinthemidmarket? -fillingthefundinggap -financialengineering •Thepossibilityofcorporatesponsoredmezzanine •Comparisonoftherisksandreturnsassociatedwithmid-

marketvslarge-capdeals. •Conflictsbetweenmezzanineandseniorlenders Dominique Fouquoire

Partner IFE MEZZANINE

Michael HeneberyManaging Partner PALIO CAPITAL PARTNERS

Jan WiklundPartner ARMADA CAPITAL

Fabrice DamienPartnerTIKEHAU INVESTMENT MANAGEMENT

Laurent BenardPartnerCAPZANINE

Carl Helander Managing DirectorARES CAPITAL EUROPE

12.00 The Refinancing Wall: Opportunities & Challenges for Mezz Finance

•Howwillbanksparticipateandatwhatlevels? •Whatisthelikelihoodofawholesaleamendandextend

approachtomanagethematurityofsomanyloans? •Whatarethemaindriversforsponsorschoosingmezzanine

andwhatarethemainalternativestomezzanine,e.g.unitranche

•Whatwilltherelationshipsbebetweennewlendersandsponsorsandhowwilltheybemanaged?

•Whatwillbetheeconomicaffectonunderlyingportfoliocompaniesgivenincreaseinmarginduetosenior/mezzrefinancing?

•Howwillexistingleveragemultiplesbemanagesattimeofrestructuring?

•Whowillbethemainplayersintheneworder,willstructuredcreditvehiclesreturnforexample?

Martin SchnaierDirectorSANNE GROUP

Ian BormanPartner SJ BERWIN

David HirschmannManaging Director BABSON CAPITAL EUROPE

Paul SheaFounding Partner BEECHBROOK CAPITAL

12.45 Lunch

14.00 Mezzanine & SMEs: The Role of Governmental Institutions

•TheexistingmezzaninegapinthemarketforSMEs -WhatareSMEslookingfor? -Whatarethedifficultiesinobtainingthis? •Governmentalschemestoclosethegap •Successstories Nick Fenn

Founding Partner BEECHBROOK CAPITAL

Tim ArmstrongCorporate Finance Adviser DEPARTMENT FOR BUSINESS, INNOVATION & SKILLS

Christine PanierPrincipal EUROPEAN INVESTMENT FUND

Gerhard HuemerDirector for Economic and Fiscal Policy UEAPME

14.45 Growth Capital for SMEs: Filling the Current Void

•Bankdeleveraging–cyclicaldownturnorstructuralshift? •Howlargeistheopportunityoutthere? •Howshouldgrowthcapitalbestructured? •Whyisgrowthcapitalattractivetocompanies? •Whyisgrowthcapitalattractivetoinvestors? •TheUS–amodelforthefutureinEurope? Darren Hart

Head of Growth Capital SANTANDER

Guenther VoglerHead of Structured Equity AKINA

Simon MorrellPartner PREFEQUITY


16.00 Can Mezzanine ever win in a Restructuring? •Lessonsfromissuancesduring2008–2010 •Howhaveintercreditoragreementschanged? •Whatwillthedifferencesbethistime? •Howtoavoidbeingwipedout •Futurerestructuringdevelopments

Franck DuhamelPartner PARK SQUARE CAPITAL

Pascal MeyssonExecutive Director ALCENTRA

16.45 European High Yield Market: Does it Truly Exist?

• Currenthighyieldmarket -isthereaEuropeanmarket? -doesitfunctionnormally? •Impactoftheslowdowninhighyieldissuance •Howcanmarketefficiencybeimproved? •Identifyingupcomingdefaultlevels •Whatarethegrowthareasforhighyield? Vincent Escallier

Director, High Yield Capital MarketsSOCIETE GENERALE CIB

17.30 EndofConference

Pan-European

Mezzanine Finance& the Subordinated Debt Market

5



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09.15 Chair’sOpeningRemarks

09.30 French Economic Prospects & State of the Markets 2012

•Globaleconomicoutlook •Frenchgrowthprospects •Summaryofmarkettrends

10.00 French Private Equity Market Outlook •EvolutionoftheFrenchPrivateEquitymarket •Howhasthemarketfaredcomparedwiththerestof

WesternEurope? •Whattypesofdealaretakingplace? •ComparativeperformanceofmegaandmidmarketLBOs •Fundraisingoutlook Fabrice Fouletier

PartnerPAI PARTNERS


11.15 LP Perspectives on the French Market •WhatisthecurrentinvestorsentimenttowardsFrenchPE -LP/GPrelationship -fees&carry •PerformanceexpectationsofFrenchfunds •Investorpreferences:specialistorgeneralist? •Analysisofwhatmakesafundanattractiveinvestment •HowdoLPsdifferentiatebetweenmanagers Francois Roux

Managing PartnerROUX CAPITAL

12.00 The Importance of Social, Environmental & Governance

•LatestESGstrategies •ThegrowingimportanceofESGtoLPinvestors •Howtoimplementsolidpolicies •ThebenefitsofESGtothebusiness

OFI

12.30 Lunch

14.00 Predictions for the French Mid Market •Themidmarket:stillthepredominantsectorinFrance? •Whichsectorsareshowingthebestopportunities? •Atwhichlevelarethebestopportunities -mid-market -lowermidmarket -SMEs&GrowthCapital •Howtogetthebestdealsinanovercrowdedmarket Charles Diehl

PartnerACTIVA CAPITAL

14.45 Distressed Debt & Turnaround Strategies •Distressedoverview;howhaveeconomicconditions

impactedthemarket? •ThenewgrowthareaforFrance •Whoismovingintothisarea? •Whichstrategieswillproducethebestreturns? Xavier Lepine

Partner PERCEVA CAPITAL


16.00 Financing Buyouts: Debt Market Outlook •Latestacquisitionfinancestrategies •Currentpricingandstructures •Whowillbeprovidingfinance? •Consideringalternativesourcesoffinance Raphael Charon

DirectorRBS

David BeavisDirectorBNP PARIBAS

16.45 Latest Exit Strategies: Effective Realisations •Recognisinghowmacro-economicfactorshaveimpacted

exitstrategies •Determiningwhichexitstrategieswillbelikelyin2010/11 •Willsecondarybuyoutscontinueatpace? •TheprospectsforIPO •Analysingthedifferencesbetweenexitstrategiesfor

VentureCapital,SmallBuyoutsandLargeBuyouts 17.30 EndofSummit

FrenchPrivateEquitySummitFriday25thMay2012,Paris

Armada Mezzanine CapitalistheleadingindependentmezzaninefirmsolelyfocusingontheNordicregion.

ArmadaMezzaninewasfoundedinJanuary2010whenEqvitecPartnersdecidedtodivestitsmezzanineactivitiestothemezzanineteam,consistingofPerttiNurmio,JanWiklundandIlkkaSantti.ArmadaMezzaninehasofficesinHelsinkiandStockholmanditmanagestwomezzaninefundswithacombinedcapitalbaseofover150millioneuro.Theteamconsistsoffiveinvestmentprofessionals.Armada’smostrecentfund,ArmadaMezzanineFundIIIhadafinalclosinginApril2009at€103millionandhastodatemadeeightmezzanineinvestmentscoveringalltheNordiccountries.ThemostrecentinvestmentsincludeInmeta-CrayoninNorwayandOveniaGroupinFinland,bothmadeinJanuary2012.InaccordancewithitsstrategyandinvestmentfocusArmadaprovidesmezzaninefinancingprimarilytobuy-outsandtoSMEswithenterprisevaluestypicallyrangingfromEUR30mtoEUR150m.Thepreviousfund,ArmadaMezzanineFundII(€53m),isfullyinvestedandisclosedfornewinvestments.

With24officesin14countries,over400partnersand1,700lawyersintotal,Ashurst offersclientstheinternationalinsightofglobalnetworkcombinedwithlocalmarket

knowledge.Ashurstisrecognisedasafirsttierlawfirmforinvestmentfundsandisaleadingfirmformezzaninefundformation,havingactedonmanymezzaninefundsinvestingacrossEuropeaswellastheAsiaPacificregion.Ourlawyershavein-depthexperienceofadvisingonallaspectsofmezzaninefundformation,includingadvisingonfundstructure,onmarketpracticeastofundterms,onthestructuringanddocumentationofcarriedinterestandco-investmentschemesandthenegotiationoffundleveragefacilities.Contact: Claire Malkoun on+44 (0)20 7859 3465 [email protected]

Fitch Ratingsisaglobalratingagencycommittedtoprovidingtheworld’smarketswithindependent,timelyandprospectivecreditopinions.With50

officesworldwide,FitchRatings’globalexpertisespansacrosscapitalmarketsinover150countries.FitchRatingsisheadquarteredinNewYorkandLondonandispartoftheFitchGroup,whichincludesFitchSolutions,adistributionchannelforFitchRatingsproductsandaproviderofdata,analyticsandrelatedservices;andAlgorithmics,aleaderinenterpriseriskmanagementsolutions.TheFitchGroupisamajority-ownedsubsidiaryofFimalac,S.A.,headquarteredinParis,France.Foradditionalinformation,pleasevisitwww.fitchratings.com; www.fitchsolutions.com;andwww.algorithmics.com.

Proskauer isoneoftheworld’slargestlawfirms,withover700lawyers.FoundedinNewYorkin1875,thefirmhasofficesinLondon,Boston,

Chicago,HongKong,LosAngeles,BocaRaton,NewOrleans,Newark,Paris,SãoPauloandWashingtonD.C.Proskauer’sJuniorCapitalGroupisateamoflawyerswhofocusexclusivelyonsecondlien,mezzanineandjuniorcapitalmarkets–advisingtheleadinglenders,includinghedgefunds,specialopportunityfunds,BDCs,CDOs,CLOs,SBICs,insurancecompanies,banks,mezzanineandprivateequityfunds.Ourlawyersprovidepracticaladvicethatleveragesourindustryknowledgeandcorporatefinance,bankruptcyandrestructuringexperience.www.proskauer.com

Bronze Sponsors:

Media Partners:

NEW

Eddie Misrahi CEO APAX PARTNERS

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YourConferenceSponsors:

Gold Sponsors:Kleinwort BensonisaleadingadministratorandcustodianformezzaninefundsintheChannelIslands.Itoffersafullrangeofservicestomezzanineandprivateequityfunds,includingsupportonstructuring,setup,directors,fullcorporate

overnanceandongoingadministrationandcustodyoverthelifeofthefund.KleinwortBensoncurrentlyadministerfundsthatincludeICGMezzanineFund2003LimitedPartnerships,ICGRecoveryFund2008LimitedPartnership,ICGMinorityPartnersFund2008LimitedPartnership,QuintusEuropeanMezzanineFundLimitedPartnership,FridayStreetMezzanineILimitedPartnership,MMLCapitalPartnersFundVLimitedPartnershipandAccessionMezzanineCapitalIIILimitedPartnership.WithJerseyandGuernseyhavingfirmlyestablishedthemselvesasthejurisdictionsofchoicefortheoffshoremanagementandadministrationofcompanies,fundsandtrusts,KleinwortBenson’sChannelIslandsofficesarethebaseofitsoffshoreoperations.KleinwortBensonplaysapivotalroleintheislands’financecommunitiesandisproudtohavebeenoneofthefirstmajorfinancialinstitutionstoestablishitselfintheChannelIslands50yearsago.KleinwortBensonisregulatedbytheJerseyandGuernseyFinancialServicesCommissions.Forfundsetupandadministrationenquiriespleasecontact:JoeTruelove:[email protected]:[email protected]

SJ Berwin isafullserviceinternationalcorporatelawfirmwith160partnersandaround350otherlawyersbasedin11officesinEurope,EastAsiaandtheMiddleEast.Ourclientsaresophisticatedbuyersoflegalservices,principallymulti-nationalandentrepreneurialcompaniesandfinancialinstitutions,whichweadviseonacomprehensiverangeofmattersincludingcorporatefinance,privateequity,commerciallaw,realestate,finance,reconstructionandinsolvency,financialservicesandregulation,intellectualproperty,investmentfunds,litigationand

disputeresolution,employmentandpensions,EUandcompetitionandtax.ThefirmhasofficesinLondon,Berlin,Brussels,Dubai,Frankfurt,HongKong,Madrid,Milan,Munich,andParis,andourLondonofficeisamemberofInterlawwhichisoneofthelargestestablishedassociationsoflawfirmsintheworld,withmemberfirmsinover120citiesworldwide.WehaveastronginternationalreachandweregularlyadviseclientsacrossEurope,intheUSA,theMiddleEast,India,ChinaandRussia.

Silver Sponsors:Mourant Ozanneshasaninternationalreputationinoffshoreinvestmentfunds.Weadviseontheformation,structuringandregulationofinvestmentfundsintheCaymanIslands,GuernseyandJerseyandprovideongoinglegaladvicetooffshorefundsandfundmanagers.Ourclientsrangefromleadingassetmanagersandfundpromoterstostart-upventures.Adoptinga‘onefirm’approachmeansthatour

lawyersareabletoprovideobjectiveadviceonthecomparativeadvantagesanddisadvantagesoftheleadingoffshorefundjurisdictions.Wemaintainclosecontactwiththefinancialregulatoryauthoritiesinallofourhomejurisdictions

Park Square CapitalisaleadingindependentproviderofcreditproductsinEurope,managingandadvisingmorethan€2.5billionofcapitalacrossitsfundsandco-investments.Welooktoprovideourinvestorswithattractiverisk-adjustedreturns,throughaselective,valueorientedapproachtocreditinvesting,andtheabilitytoinvest“upanddown”thecapitalstructureofleveragedtransactions.ParkSquareisrelationshipdriven,andtakesalongtermpartnershipapproachtoinvesting.TheParkSquareFundsareadvisedbyParkSquareCapital,LLP,ateamof15investmentprofessionalsbasedinLondon.

KPMG Channel Islands Limited isaleadingproviderofmultidisciplinaryprofessionalservicestotheoffshorefundsindustry,withofficesbasedinJerseyandGuernsey.Ourteamsofferafullrangeofservicesthroughoutthelifecycleofan

offshoreinvestmentvehicleincludingfundandManagementCompanystructuring,listingandreportingaccountantsupport,auditandassurancereporting,taxreportingservicesandliquidation/restructuringadvice.FundamentaltoKPMG’sapproachisourfocusonindustrysectors.Webelievewecanonlyaddvalueforclientsifwetrulyunderstandtheirindustry.Tofindoutmorepleasevisitourwebsitewww.kpmg.com/channelislands/fundsKPMGChannelIslandsLimitedisanindependentmemberfirmoftheKPMGnetwork,affiliatedwithKPMGInternational.

Createdin2004,Tikehau Groupisstructuredaroundapermanentevergreenvehicle,TikehauCapitalPartners,andacreditassetmanager,TikehauInvestmentManagement.Theircumulativeassetstotalc.Euro1bn.TikehauInvestmentManagementispresentacrossthefullleverageddebtspectrumandmanagesopen-endedfundsactiveinthecorporatehighyieldbondmarketsandclosed-endedfunds/

co-investmentvehiclesactiveintheprivatedebtmarkets.Privatedebtinvestmentscombinesecondarytransactionsanddirectprimarytransactionsencompassingunirate,secondlien,mezzanine,PIK,preferredcapitalsolutions.BasedinParis,TikehauGroupinvestsmostlyinEuropeandemploys35people.

Sanne Groupisanindependentproviderofspecialisedinternationalfundadministration,financialreportingandcorporategovernance

services.Establishedforover20years,SanneGroupengagesmorethan120staffworldwideandhasinexcessof€25billionfundassetsunderadministration.TheSanneGroup’sspecialistmezzaninedebtadministrationteamislocatedinLuxembourgandJerseyandprovidesallrequiredmezzaninefundadministrationservicesinbothjurisdictionsincludingassetadministration,transactionmanagementandfinancialreporting.Formoreinformationcontactpeter.dickinson@sannegroup.comorphilip.godley@sannegroup.com.SanneTrustCompanyLimitedisamemberoftheSanneGroupandisregulatedbytheJerseyFinancialServicesCommission.SanneGroup(Luxembourg)S.A.isamemberoftheSanneGroupandisregulatedbytheCommissiondeSurveillanceduSecteurFinancier.

Sponsorship Opportunities:Workwithustoputtogetherabespokesolutiontohelpyourbusinessobjectives.FormoreinformationcallRussell Tumathon+44 (0) 20 3377 3278 [email protected]

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50% discount

TERMS AND CONDITIONSAttendance at this conference is subject to IIR & IBC Finance Terms and Conditions at www.informaglobalevents.com/division/finance/termsandconditions. Your attention is drawn in particular to clauses 6, 8 and 14 of IIR & IBC Finance Delegate Terms and Conditions which have been set out below:Cancellation Policy: You may cancel your registration in accordance with this Condition 6. You will receive a refund of your fees paid to IIR and IBC Finance (if any): (i) if you cancel your registration 28 days or more before the Conference, subject to an administration charge equivalent to 10% of the total amount of your fees plus VAT; or (ii) if you cancel your registration less than 28 days, but more than 14 days before the Conference, subject to an administration charge equivalent to 50% of the total amount of your fees plus VAT. IIR and IBC Finance regrets that the full amount of your fee remains payable in the event that your cancellation is 14 days or less before the Conference or if you fail to attend the Conference. All cancellations must be sent by email to HYPERLINK “mailto:[email protected]” [email protected] marked for the attention of Customer Services and must be received by IIR and IBC Finance. You acknowledge that the refund of your fees in accordance with Condition 6 is your sole remedy in respect of any cancellation of your registration by you and all other liability is expressly excluded. Changes to the conference: IIR and IBC Finance may (at its sole discretion) change the format, speakers, participants, content, venue location and programme or any other aspect of the Conference at any time and for any reason, whether or not due to a Force Majeure Event, in each case without liability. Data protection: The personal information which you provide to us will be held by us on a database. You agree that IIR and IBC Finance may share this information with other companies in the Informa group. Occasionally your details may be made available to selected third parties who wish to communicate with you offers related to your business activities. If you do not wish to receive these offers please contact the database manager. For more information about how IIR and IBC Finance use the information you provide please see our privacy policy at: http://www.iir-events.com/IIR-conf/PrivacyPolicy.aspx If you do not wish your details to be available to companies in the Informa Group, or selected third parties, please contact the Database Manager, Informa UK Ltd, 29 Bressenden Place, London, SW1E 5DR, UK.Tel: +44 (0)20 7017 7077, fax: +44 (0)20 7017 7828 or email HYPERLINK “mailto:[email protected]” [email protected] Incorrect Mailing: If you are receiving multiple mailings or you would like us to change any details, or remove your name from our database, please contact the Database Manager at the above address quoting the reference number printed on the mailing label.By completing and submitting this registration form, you confirm that you have read and understood the IIR and IBC Finance Delegate Terms and Conditions and you agree to be bound by them

Register Now – Five Easy Ways!1. Fax this form on +44 (0)20 7017 7824

2. Post this form to: Nicola Rogers, Informa Customer Services

PO Box 406, West Byfleet, Surrey KT14 6WL 3. Telephone us on +44 (0)20 7017 7790

4. Email: [email protected] always quote FKW52384

5. via the website: www.iir-events.com/mezzanine

VENUE DETAILS

Your VIP code is above. If there is no VIP code, please quote FKW52384

1st Delegate Mr/Mrs/MsJob title DepartmentTelephone FaxEmail Yes! I would like to receive information about future events and services via e-mail. By giving you my email address I am giving ONLY IIR companies the permission to contact me by email.2nd Delegate Mr/Mrs/MsJob title DepartmentTelephone FaxEmail Yes! I would like to receive information about future events and services via e-mail. By giving you my email address I am giving ONLY IIR companies the permission to contact me by email.3rd Delegate Mr/Mrs/MsJob title DepartmentTelephone FaxEmail Yes! I would like to receive information about future events and services via e-mail. By giving you my email address I am giving ONLY IIR companies the permission to contact me by email.

PAYMENT DETAILS

o Yes! I would like to receive information about future events and services via fax Signature:......................................................................... ............................................................................................................................................................................................................................................................................

REGISTRATION DETAILS

Name of Your Line Manager Mr/Mrs/MsJob title DepartmentTelephone FaxEmail

Booking Contact Mr/Mrs/MsJob title DepartmentTelephone FaxEmail Company DetailsPostal Address

Telephone FaxNature of Business

In order for us to process your registration, please supply the following details:

Mezzanine Finance 2012 FKW52384Fundraising Summit FKW52384WFrench Private Equity Summit FKW52384Y

Pan-European Mezzanine Finance 2012

Delegates are responsible for the arrangement and payment of their own travel and accommodation.IIR has arranged a special room rate at a number of hotels. If you wish to book a room, please call Venue Search on +44 (0)20 8546 6166 stating that you are an IIR delegate.

Paris Marriott Rive Gauche Hotel & Conference Center17 Boulevard Saint Jacques, Paris, 75014, Francewww.marriott.com/paris

UNABLE TO ATTEND? – EVENT DOCUMENTATIONNothing compares to being there - but you need not miss out! To order your online documentation simply tick the box, complete your details above and send the form along with payment. o Mezzanine Finance 2012 - £299 + VAT@20%We regret documentation orders can only be processed on receipt of credit card details.

o Cheque. Enclosed is our cheque for £ ................ in favour of IIR LtdPlease ensure that the Reference Code FKW52384 is written on the back of the cheque

o To make payment by credit card: to ensure we provide the highest level of security for your credit card details we are unable to accept such payments via email or fax which ensures that these details are never stored on our network. To make payment by credit card on-line, please enter your credit card details in our secure payments website that you will use when making your booking via the event website (the event web address is near the top of the booking form). Alternatively call our customer service team on +44 (0)20 7017 7790.

o By Bank transfer: Full details of bank transfer options will be given with your invoice on registration.

The VAT rate is subject to change and may differ from the advertised rate. The amount you are charged will be determined when your invoice is raised. Savings include Multiple Booking & Early Booking Discounts. All discounts can only be applied at the time of registration and discounts cannot be combined (apart from early booking discounts which are available to everyone) All discounts are subject to approval. Please note the conference fee does not include travel or hotel accommodation costs. 50% discount for 3rd and subsequent delegates. We are happy to accept a replacement delegate for the whole event, however delegate passes cannot be split or shared between delegates under any circumstances.

VIP CODE

Please quote the above VIP code when registering

Paper sourced from sustainable forests

Elemental Chlorine Free (ECF)

HOW MUCH?PLEASE SELECT YOUR PACKAGE Register by 30 March 2012

& Save up to £1200Register by 27 April 2012

& Save up to £800Register after 27th April 2012

& Save up to £500o 4 DAYS 22 - 25 May 2012: 2 Day Mezzanine Conference

+ Fundraising Summit + French Private Equity Day£2,797 + (VAT @ 19.6%) = £3,345.21 Save £1,200

£3,197.00 + (VAT @ 19.60%) = £3,823.61 Save £800.00

£3,497 + (VAT @ 19.6%) = £4,182.41 Save £500

o 3 DAYS 22 – 24 May 2012: 2 Day Mezzanine Conference + Fundraising Summit

£2,198 + (VAT @ 19.6%) = £2,628.81 Save £800

£2,498.00 + (VAT @ 19.60%) = £2,987.61 Save £500.00

£2,698 + (VAT @ 19.6%) = £3,226.81 Save £300

o 3 DAYS 23 – 25 May 2012:2 Day Mezzanine Conference+ French Private Equity Day

£2,198 + (VAT @ 19.6%) = £2,628.81 Save £800

£2,498.00 + (VAT @ 19.60%) = £2,987.61 Save £500.00

£2,698 + (VAT @ 19.6%) = £3,226.81 Save £300

o 2 DAYS 23 – 24 May 2012: 2 Day Mezzanine Conference £1,699 + (VAT @ 19.6%) = £2,032 Save £300

£1,899.00 + (VAT @ 19.60%) = £2,271.20Save £100.00

£1,999 + (VAT @ 19.6%) = £2,390.80

o 1 DAY 22 May 2012: Fundraising Summit Only £799 + (VAT @ 19.6%) = £955.60 Save £200

£899.00 + (VAT @ 19.60%)= £1,075.20 Save £100.00

£999 + (VAT @ 19.6%) = £1,194.80

o 1 DAY 25 May 2012: French Private Equity Day £799 + (VAT @ 19.6%) = £955.60 Save £200

£899.00 + (VAT @ 19.60%) = £1,075.20 Save £100.00

£999 + (VAT @ 19.6%) = £1,194.80

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20% discount Quote VIP Code: FKW52384EMSPK

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FW52384EMSPK

david cottam, partner, park square capital pan european ... · mezzanine finance & the...

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