The first edition of VCCircle Private Equity Exits Conference 2014 is just three days away. The summit will be held on January 23 at Trident Nariman Point, Mumbai.
Exit, the lifeline of Private Equity space, is still in deep waters. So to address this core issue, VCCircle for the very first time will analyse all aspects of getting the superior exits for firms.
In panel and presentation formats, the conference will discuss in detail the exits achieved via M&A, buyback, secondaries and capital markets. Besides this, we have included special panels covering the exit strategies suitable to various sectors such as healthcare, infrastructure& manufacturing, IT and consumer internet. For more details on the updated agenda, click here.
The summit will bring together leading private equity investors, promoters/CEOs and the most active dealmakers in the ecosystem.
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8:30am – 9:30am
Tea & Registration
9:30am – 9:40am
9:40am – 10:30am
Panel I: Where Are Indian Private Equity Exits Stuck?
How can 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? How will they evolve in the future? Which are the sectors that will see most of these exits over the next two years? How do fund managers and companies prepare for exits from day 1 of the investment? Where do the deals get stuck? How firms can overcome them? What can PE investors do to improve companys’ exit prospects? What creates 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
Vikram Nirula - Partner, India Value Fund
Darshika Kothari - Partner, AZB Partners (Moderator)
Sector Focus Panels
Our special sector focus panels will cover exit strategies. 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 – 11:10pm
Sector Focus I: Healthcare
Dr Om Manchanda - CEO, Dr Lal PathLabs Pvt. Ltd
Dr BS Ajai Kumar - founder-chairman & CEO, HealthCare Global Enterprises Ltd.
Shantanu Rastogi - Principal, General Atlantic Pvt. Ltd (Moderator)
11:10am – 11:40am
Tea & Networking Break
11:40am – 12:25pm
Panel II: Capital Markets & Other Innovative PE Exit Strategies
Amid the uncertainty that we see at a global macroeconomic level, the only certainty ahead is that capital markets will continue to fluctuate. The pressure on GPs to exit will only grow in the coming year. What are the factors hindering the most favourable option-IPO exits? What can revive the lost flavour of PE-backed IPO exits? Are PIPEs in India here to stay as several attractive assets are unable to find the liquidity they need through public channels? There will also be 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 routes? What are the pros and cons affecting these exit options?
Dr S Subramanian - MD, Axis Capital Ltd
Anup Bagchi - MD & CEO, ICICI Securities Ltd
12:25pm – 12:55pm
Presentation: Tax & Regulation - Conquering The Final Frontier
Gautam Mehra - Executive Director, PricewaterhouseCoopers Private Limited
12:55pm – 2:00pm
Lunch & Networking
2:00pm – 2:40pm
Sector Focus II: Infrastructure & Manufacturing
Hetal Gandhi - MD, Tano India Advisors Pvt Ltd
Durgashankar S - Executive Vice President - M&A, Mahindra & Mahindra Ltd
Srinivas Chidambaram - MD, Jacob Ballas
Padmanabh Sinha - Managing Partner, Tata Capital (Moderator)
2:40pm – 3:20pm
Sector Focus III: IT & Consumer Internet
Sharad Sanghi - CEO & MD, NetMagic Solutions Pvt. Ltd.
Krishnan Ganesh - Founder & Ex-CEO, TutorVista Global Pvt. Ltd
Subrata Mitra – Partner, Accel Partners (Moderator)
3:20pm – 3:50pm
Tea & Networking
3:50pm – 4:35pm
Panel III: 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 Sahney - MD, New Vernon Private Equity
Bala Deshpande - Sr. MD, NEA (India) Pvt Ltd
Sunish Sharma - Managing Partner & Co-Founder, Kedaara Capital Advisors LLP
Raghunath T V - MD & CEO, Kotak Mahindra Capital Company (Moderator)
4:35pm – 5:20pm
Panel IV: 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 buybacks? Are management teams willing to use profit to fund buybacks? 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)
5:20pm – 5:30pm
5:30pm – 6:30pm
VCCircle Wine & Cheese
This session will provide more networking time for investors, promoters and dealmakers over wine and cheese.