Seeking out success at

South Africa’s time of

opportunity

Thursday 11 February, 2010

Table Bay Hotel, Cape Town

southafricapecongress.com
Principal Sponsors:
 Welcome
With the arrival of the 2010 FIFA World Cup, the scrutiny
of global business and investors is focused on South
Africa like never before. The explosion in infrastructure,
hospitality and related industries in preparation for
this event, adding to the already booming telecom and
bioscience sectors and coupled with South Africa’s
relative protection from the worst of the financial crisis
has provided fertile ground for investment. This was
highlighted by the fact that last year the private equity
industry passed the R100bn mark for the first time.
On behalf of unquote” magazine and SAVCA we are
once again proud to deliver the premier private equity
conference in South Africa. Bringing together the
true movers and shakers under one roof, this one-day
conference provides an unparalleled forum for discussion
and debate on the most crucial issues facing the industry.
Hosted by:
Unquote” is Europe’s longest-running and most trusted private equity
publication. Now in its 18th year, the journal reaches the most important
deal doers and their advisers across Europe. Every deal that occurs is
followed up by a team of expert reporters, with details verified with deal
doers before going to publication and into our database. Regarded by
prominent industry luminaries as the bible of private equity, unquote” is
a must-read for the asset class.
For more information please visit unquote.com
Media Partners: Research Partners:
innovation network
You will have the chance to put your questions on asset
allocation to our LP panel, learn from the major GP
players, hear updates from the growing VC community,
participate in our interactive panel debates and surveys,
and much more…
We look forward to seeing you in Cape Town in February.
Kimberly Romaine
Editor-in-Chief, unquote”
J-P Fourie
Executive Officer, SAVCA
In association with:
The Southern African Venture Capital and Private Equity
Association (SAVCA). SAVCA is the industry association representing
over 60 companies in the venture capital and private equity industry in
South Africa. The industry has over R70 billion (US$ 9 billion) in funds
under management and approximately 400 professionals. SAVCA was
formed in 1998 and its mission is to play a meaningful role in the venture
capital and private equity industry by:
1. Promoting the interests of the industry
2. Lobbying on behalf of the industry
3. Disseminating information
4. Arranging training for the staff of its members
5. Researching the industry in South Africa
For more information visit savca.co.za
Supporting Association:
 Speakers and Panellists
John Bellew, Claire Busetti,
Partner, Head of Isibaya fund, PIC
WEBBER WENTZEL

Cora Fernandez, J-P Fourie,

CEO, SANLAM PRIVATE EQUITY Executive Officer,
SAVCA

Stuart MacKenzie, Daniel Green,

Partner, Investment Director,
ETHOS PRIVATE EQUITY GREENPARK CAPITAL

Ralph Keitel, Gloria Mamba,

Senior Investment Officer, Senior Investment Officer,
IFC DEVELOPMENT BANK OF
SOUTH AFRICA

Bruce MacRobert, Nhlanganiso Mkwanazi,

Director, BRAIT Co-Founder & Director,
MEDU CAPITAL

Herta von Stiegel, Emile du Toit,

Executive Chairman, Divisional Executive:
ARIYA CAPITAL Private Equity, DEVELOPMENT
BANK OF SOUTH AFRICA

Warren Watkins, Earl van Zyl,

Head of Private Equity Africa, Portfolio Manager
KPMG FRAIM

unquote” CEE Private unquote” Nordics unquote” Deutsche unquote” Italia

Equity Congress, Private Equity Private Equity Private Equity
London Congress, Stockholm Congress Congress
20 May 2010 June 2010 October 2010 November 2010
ceepecongress.com nordicpecongress.com deutschepecongress.com italiapecongress.com
Sponsors:
Principal Sponsors:
Founded in 1991, Brait is a leading private equity
fund manager in South Africa, with the largest pool
of South African focused private equity capital under
management. The Brait team’s proven ability to combine
domestic private equity investment skills with managing
international and domestic private equity capital has
produced an exceptional track record.
Brait is one of the most experienced private equity firms
in South Africa, with a reputation as a hands-on and
active partner in the businesses it invests in. A deep
understanding of local markets, business practices
and management teams drives Brait’s market-leading
private equity investment programme.
Brait’s strength lies in its ability to act both efficiently
and creatively; to uncover and take advantage
of opportunities while adhering to essential
core investment disciplines. Brait believes it has
demonstrated a unique ability to partner effectively
with some of the country’s leading entrepreneurs; to
execute and structure complex non-standard buy-out
transactions, and to take advantage of unique public
opportunities and innovative buy-and-build strategies in
specific industries. brait.com
Legal Sponsor:
Webber Wentzel is one of the leading corporate law firms in South African and the only firm with a significant international practice. Since
the firm was established in 1868, it has developed an enviable reputation as a consistent provider of appropriate and valuable legal assistance,
backed by an absolute commitment to service excellence.
The firm has over 280 practitioners in a variety of legal disciplines. The long-standing reputation is continued by a vast team of highly
accomplished attorneys whose unmatched knowledge and extensive experience ensures that Webber Wentzel remains the legal firm of
choice. webberwentzel.com
Co-Sponsors:
KPMG is a global network of professional firms
providing Audit, Tax and Advisory services. We operate
in 144 countries and have 137 000 people working in
member firms around the world.
KPMG has been operating in South Africa since 1895.
We are proud to be part of the KPMG global network
of firms, with 11 offices and over 3 250 partners and
staff in South Africa, including our national office in
Johannesburg. kpmg.co.za/
Panel Sponsors:
Ariya Capital is a Gaborone- and London-based private
equity and corporate finance firm focusing on sustainable
investments in Africa. Ariya is raising its Southern Africa
Sustainable Investment Fund which aims to generate
superior financial returns within a diversified portfolio of
clean energy and technology, telecommunications and
microfinance institutions, whilst delivering quantifiable
social and environmental benefits.
ariyacapital.com
Cocktail Sponsors:
The Africa Healthcare Fund is an innovative private
equity fund that will produce both commercial and social
returns. The Fund will invest in healthcare companies
targeting underserved communities. The Fund will
initially focus on South African companies with its
first close and then grow into East and West Africa on
subsequent closings.
For more information, please email:
tom@africahealthcarefund.com
Exhibitor:
Standard Bank is a discerning investor in high
potential companies in emerging markets. Currently
our global private equity business has funds under
management of over $1 billion, and our strategic aim
is to significantly increase this as we build a leading
emerging markets private equity franchise alongside our
banking franchise. standard bank.co.za/
Established in 1984, Ethos Private Equity is a leading
private equity investor in South Africa.
Ethos is independently owned and managed by its
investment professionals and represents one of the
most experienced private equity firms in South Africa.
Ethos is currently investing its fifth pool of capital.
Investors include prominent global and leading South
African institutions. In deploying capital, Ethos makes
long-term investments into large and frequently
complex businesses principally in South Africa and in
select sub-Saharan African geographies.
As a control and growth investor, Ethos takes an active
ownership role in its portfolio companies, utilising
proven value creation strategies to generate superior,
consistent returns for investors. The core premise of
Ethos is that the businesses into which it invests are
stronger, more robust and more sustainable on exit than
they were prior to Ethos’ ownership.
ethos.co.za/live/index.php
The Development Bank of Southern Africa (DBSA)
is Southern Africa’s leading development finance
institution. In addressing the challenges in both physical
and economic infrastructure in the region, the major
focus areas of the Bank’s infrastructure investment
activities are regional integration and Black Economic
Empowerment/indigenization. DBSA provides long
term debt, quasi-debt and equity funding for such
transactions in South Africa and across the region as
well as being an institutional investor in a number of
Private Equity Funds. DBSA supports the establishment
and growth of private equity funds with high levels of
development impact. dbsa.org/
Greenpark is an independent global private equity
secondaries investment group, currently managing
funds of €1.3 billion. Our multi-cultural and multi-lingual
investment team executes transactions across the
global mid-market with a particular strength in Europe.
We have an established reputation for structuring
deals with expertise, innovation and discretion to
deliver tailor-made solutions for our clients. Whether a
seller requires liquidity to free up capital, for portfolio
management or strategic reasons, Greenpark delivers
a customised response to their requirements. For more
information, please visit greenparkcapital.com
The Sasfin approach to private equity partnering
A concern for entrepreneurs when considering an
equity partner is the bureaucratic restrictions that may
overshadow the business’s entrepreneurial spirit.
However, with Sasfin as your investor, we act as a
catalyst by providing value-enhancing insight and input
into areas of corporate strategy, finance and governance
to help you grow your business.
For assistance contact Neil Eppel on +27 (0)11 445 8012
or neppel@sasfin.com
LP Masterclass Sponsor:
South Suez Capital, an investment manager based
out of Mauritius, has launched Africa’s first independent
private equity fund-of-funds targeted exclusively at
the African Continent. The Fund’s investment strategy
seeks to construct a diversified portfolio of funds or
companies that are located in, or have a significant
focus on Africa. The Fund will invest primarily in private
equity funds that will typically target deal sizes between
$2m - $100m per investment. The Fund’s investment
objective is to achieve a target return of 20% IRR net of
all fees. southsuez.com
 Morning
08:00 Registration and breakfast

08:40 Opening address: J-P Fourie, Executive Officer, SAVCA

08:50 Chairman’s welcome address: Bruce MacRobert, Director, BRAIT

09:00 Keynote address: To be confirmed, please visit southafricapecongress.com

09:40 South Africa - Rising to the challenge; a GP’s perspective

Stuart MacKenzie, Partner, ETHOS PRIVATE EQUITY

10:20 Morning break

10:50 Panel: The local LP perspective to asset allocation

•C  urrent and projected state of fund raising in the local market
• F actors affecting the current and future fund raising
•A  sset allocation considerations and changes, if any, in LP’s terms and/or requirements from GP’s
Moderator: Cora Fernandez, Chief Executive Officer, SANLAM; Chair, SAVCA
Emile du Toit, Divisional Executive, Private Equity, DBSA
Earl van Zyl, Portfolio Manager - Private Equity Fund-of-Funds, FRAIM
Mark Geevers, Portfolio Manager, OLD MUTUAL
Claire Busetti, Head of Isibaya Fund, PUBLIC INVESTMENT CORPORATION

11:50 Key Impacts of the 2008 Companies Act on Private Equity Transactions
• F ocusing on shares, shareholder agreements and fundamental transactions
John Bellew, Partner, WEBBER WENTZEL

12:10 KPMG Interactive Survey/Panel

• Introduction discussing recent KPMG Pan-Africa investor survey
• Review of pre-conference survey results
• Interactive voting panel
Warren Watkins, Head of Private Equity Africa, KPMG

12:50 Lunch

13:50 Panel: The new dawn - the way forward for private equity deals in South Africa
• Where is future deal flow going to come from (sectors, size, style)?
• How will the structures of transactions continue to evolve
• What skills are required in the private equity firm of the future
• What best practices will you apply in the future?
Moderator: Bruce MacRobert, Director, BRAIT
Nhlanganiso Mkwanazi, Co-Founder & Director, MEDU CAPITAL
Richard Flett, Co-Founder & Managing Director, HORIZON EQUITY

14:30 An overview of global private equity secondaries

Daniel Green, Investment Director, GREENPARK CAPITAL
 Afternoon
15:00 Defining the VC landscape in South Africa
• I s there enough of a VC pipeline in SA?
•W  here do deals done originate from?
•W  hat are the key bottlenecks hampering development of the VC industry?
Moderator: J-P Fourie, Executive Officer, SAVCA
Heather Sherwin, Fund Manager, BIO VENTURES
David Murray, Partner, CAPE VENTURE PARTNERS
Andrea Böhmert, Co-Managing Partner, HASSO PLATTNER VENTURES AFRICA
Julia Fourie, Chief Executive Officer, HBD
Brett Commaille, Chief Executive Officer, INVENFIN

15:40 Afternoon break and networking opportunities

16:00 Panel: Africa - Challenges and Opportunities

• The regulatory challenges faced by South African PE funds and LPs in investing outside of Africa
• Opportunities in Africa - including in agriculture, healthcare, telecommunications, infrastructure and
financial services
• Challenges in doing deals in Africa, including legal challenges
Moderator: Roddy McKean, Head of Africa Group, Webber Wentzel
Ralph Keitel, Senior Investment Officer, IFC
Beth Mandel, Director, Capitalworks
Duncan Owen/Stuart Bradley, PHATISA
Simon Harford, Partner, Actis

16:40 Sustainable private equity; how to maximise financial return and deliver quantifiable social and
environmental benefits.
• Sustainable private equity and what it means from a GP perspective
• LP perspective on investing in sustainable private equity funds
• A practitioners perspective, how to generate carbon credits from cleantech investments
Moderator: Herta von Stiegel, Executive Chairman, Ariya Capital
Claire Busetti, Head of Isibaya Fund, PIC
Jeff Kenna, Chief Executive Officer, Camco
Raul Pomares, Vice President, GUGGENHEIM PARTNERS

17:20 Economic Impact of Venture Capital and Private Equity in South Africa 2009 Study
Presentation by Gloria Mamba, Head of Private Equity, DBSA
Followed by 15min panel discussion with GPs and audience participation
Luc Albinski, Managing Partner, VANTAGE RISK CAPITAL
More speakers to be confirmed - please visit southafricapecongress.com for updates

17:50 Chairman’s closing remarks

18:00 Drinks reception

20.00 End of the conference

4 EASY WAYS TO REGISTER

W: southafricapecongress.com T: +44 (0)870 240 8859
E: conf@incisivemedia.com F: +44 (0)20 7504 3730
 Please join us at our
networking Cocktail Receptions
held at the event venue,
the luxurious Table Bay Hotel.
Pre-congress cocktail reception and early registration
6pm - Wednesday 10 Feb - sponsored by Sasfin
Congress cocktail reception
6pm - Thursday 11 Feb - Sponsored by Africa Healthcare Fund
*Cocktail receptions are open to registered conference attendees only

What’s in it for you?

Build your contacts and pave the way
for your 2010 deals with domestic and
international investors throughout the day
and at the cocktail receptions
Put your questions on asset allocation to our
stellar LP Panel chaired by Cora Fernandez
of Sanlam Private Equity and featuring
Old Mutual, PIC the Development Bank of
South Africa and the IFC
Gain insight into a wide spectrum of issues
including sustainable private equity, lessons
learned from the downturn and key impacts of
the 2008 Companies Act on Private Equity
Transactions
Identify investment opportunities in Africa
across sectors, including healthcare, telecoms,
agriculture and financial services
Analyse the results of KPMG’s pre-event private
equity survey and take part in the interactive
real-time Power Vote to see how attitudes and
expectations of the market have changed
Analyse the opportunities and challenges
of investing in Africa with our panel, which
includes Phatisa and Capitalworks
Plus, a separately bookable LP Masterclass on
10 February for domestic investors only

Heads of Private Equity Group Managing Partners Portfolio Managers

Senior Investment Officers Institutional Investors Fund of Fund Managers

Pension Fund Managers Heads of Alternative Investment Investment Managers

Associations Founding Partners

Who will benefit?

Legal Experts Senior Bankers

Finance Directors Directors of Asset Management Analysts

Managing Directors Placement Agents Partners

CEOs Corporate Financiers CFOs

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