The first edition of VCCircle Private Equity Exits Conference 2014 will be held on January 23, Trident Nariman Point, Mumbai.
Why have we conceptualised a conference like this? The biggest bane of the Indian private equity industry is lack of exits. The first of its kind conference is going to examine all aspects of getting a superior exit to the investors. There are panels discussing exits in various sectors such as healthcare, IT and consumer internet, infrastructure and manufacturing.
We are also exploring exits via M&A, buyback, secondaries and capital markets. We have speakers from both investing and corporate community who have done exits successfully.
Here is the agenda and speakers (subject to changes as we are expecting more confirmations).
8:30am – 9:30am
Tea & Registration
9:30am – 9:40am
9:40am – 10:30am
Keynote Panel: Where Are Indian Private Equity Exits Stuck?
How do India private equity funds achieve high quality exits in 2014? What is the state of current portfolio companies in India - how are they rated in quality? Of the various exit strategies, which are the ones most suited for the India market and how will they evolve in the future? Which are the sectors that will see most of these exits over the next 2 years? How do fund managers and companies prepare for exits from day 1 of the investment? Where do the deals get stuck - how to overcome them? What can the private equity investors do to improve its company’s exit prospects? What creates the best promoter-investor partnerships? How can an investor have its company’s corporate governance in control?
Shashank Singh - Partner, Apax Partners India Advisers Private Limited
Shomik Mukherjee - Partner, Actis Advisers Pvt. Ltd
Darshika Kothari - Partner, AZB Partners (Moderator)
Sector Focus Panels
Our special sector focus panels will cover the exit strategies suitable for each? How do you build companies for exits under each sector? What are the most suited exit strategies for each sector among M&A, PE secondaries, Capital markets, Promoter buyback and other options?
10:30am – 11:10am
Sector Focus I: Healthcare
Dr. Om Manchanda - CEO, Dr. Lal PathLabs Pvt. Ltd
Dr. B. S. Ajai Kumar - founder-chairman & CEO, HealthCare Global Enterprises Ltd.
Vikram Nirula - Partner, India Value Fund (Moderator)
11:10am – 11:40am
Tea & Networking Break
11:40am – 12:20pm
Sector Focus II: Infrastructure & Manufacturing
Hetal Gandhi - MD, Tano India Advisors Pvt Ltd
Srinivas Chidambaram - MD, Jacob Ballas
Padmanabh Sinha - Managing Partner, Tata Capital (Moderator)
12:20pm – 12:50pm
Presentation: Tax & Regulation - Conquering The Final Frontier
Gautam Mehra - Executive Director, PricewaterhouseCoopers Private Limited
12:50pm – 2:00pm
Lunch & Networking
2:00pm – 2:40pm
Sector Focus III: IT & Consumer Internet
Sharad Sanghi - CEO & MD, NetMagic Solutions Pvt. Ltd.
Durgashankar S - Executive Vice President - M&A, Mahindra & Mahindra Ltd
Krishnan Ganesh - Founder & Ex-CEO, TutorVista Global Pvt. Ltd
Subrata Mitra – Partner, Accel Partners (Moderator)
2:40pm – 3:25pm
A special session, where buyers and sellers can connect one on one in an enclosed area, where each buyer gets to connect with each seller for five minutes each. To apply for this session, contact Sandeep/ Shikhil at firstname.lastname@example.org or 0120-4171111
2:40pm – 3:25pm
Panel IV: Private Equity Secondaries
What is the total pool of funded portfolio companies suitable for secondaries? Which sectors do they lie in? What is the quality of these assets? What are the hurdles to some of these deals – how can investors overcome them? At what valuations are these deals available - are they justified? Do existing portfolio companies really have corporate governance in control? When is the right time to exit for a secondary transaction?
Rajiv Sawhney - MD, New Vernon Private Equity
Bala Deshpande - Sr. MD, NEA (India) Pvt Ltd
Raghunath T V - MD & CEO, Kotak Mahindra Capital Company (Moderator)
3:25pm – 3:45pm
Tea & Networking
3:45pm – 4:30pm
Panel V: Private Equity Exits Via Promoter Buyback
Are several PE funded companies taking recourse to a buy back strategy? What are the average returns investors can expect? When should promoters/investors consider buyback? Are management teams willing to utilize profit to fund the buy back? How can the promoter/management finance this strategy?
Rajiv Sharma - CEO, Sterling Hospitals
Shyam Sundar - Partner, IDFC Alternatives
Rajesh Shrivastava - Chairman & MD, Rabo Private Equity (Moderator)
4:30pm – 5:15pm
Panel VI: Capital Markets & Other Innovative PE Exit Strategies
What are the factors hindering the most favorable option-IPO exits? What can revive the lost flavor of PE-backed IPO exits? What is the scope for structured exits back to promoter? Quick peek on: Break-ups, roll up, portfolio sale. Will India witness such mode of exits in coming years? What set of PE investors would wish to adopt such non-typical exit route and what are the pros and cons affecting these exit options?
Dr. S. Subramanian - MD, Axis Capital Ltd
Anup Bagchi - MD & CEO, ICICI Securities Ltd
Shantanu Rastogi - Principal, General Atlantic Pvt. Ltd (Moderator)
5:15pm – 5:25pm
5:25pm – 6:25pm
VCCircle Wine & Cheese
Continue the discussion & networking of the day with more social time with top investors, promoters and dealmakers over wine & cheese.
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