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OVERVIEW
Overview
Windhoek, Namibia
Private Equity Training Programme: 10 – 11 November 2015
Day 1: Tuesday, 10 November 2015
Introductory Training on Private Equity
Day 2: Wednesday, 11 November 2015
A Master-Class on Successful Deal Completion
DATES: 10 – 11 November 2015
TIME:
8:00am – 5:00pm
VENUE: Hilton Hotel, Windhoek
Corner of Micheal Scott & Sam Nujoma Ave.
Windhoek, Namibia
COST: N$2 100 for one day
N$3 600 for both days
Delegates can attend either session,
or both sessions
Rates are per delegate (Rates payable in ZAR)
SAVCA members receive a 15% discount
About the training:
• The two courses are structured to be self-contained.
• The Introductory Training on Private Equity is designed to provide an
overview of the workings of private equity, and includes a look at the
various role-players in the industry, fund structuring, the activities of
the private equity fund manager and regulation of the industry.
• The Master-Class on Successful Deal Completion is designed to give insight into
how private equity fund managers go about identifying and acquiring an asset, and
putting in place suitable management structures and processes to ensure success.
• Both sessions are targeted at private equity fund managers, legal and corporate
finance advisory firms, asset consultants, institutional investors and regulators.
• Presenters are seasoned and respected private equity fund managers and advisors.
For more information on each presenter, please see below.
To register: Contact the SAVCA office on +27 (0) 11 268 0041
or email us at events@savca.co.za
About SAVCA: The Southern African Venture Capital and Private Equity Association
Day 1
Day 2
Speakers
(SAVCA) is the industry body and public policy advocate for private equity and venture
capital in Southern Africa, representing about R170 billion in assets under management,
through more than 130 members. SAVCA promotes Southern African private equity by
engaging with regulators and legislators on a range of matters affecting the industry,
providing relevant and insightful research on aspects of the industry, offering training on
private equity and creating meaningful networking opportunities for industry players.
Host Sponsor
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DAY 1
Agenda
Introductory Training on Private Equity
Windhoek: Tuesday, 10 November 2015
08:00
REGISTRATION
08:15 – 08:25
08:25 – 08:45
WELCOME
An overview of the private equity industry:
Basic terms, industry scale and outlook
SAVCA
Erika van der Merwe,
SAVCA
08:45 – 09:15
The role-players in private equity:
The workings of a multi-faceted industry
Ross Manton,
Webber Wentzel
09:15 – 10:00
Private equity investment strategies
On fund-manager mandates and modus
operandi
Catherine Swanepoel,
Ke Nako Capital
10:00 – 10:30
10:30 – 11:30
COFFEE BREAK
Active stewardship:
Functions and activities of the private equity
fund manager
Siya Nhlumayo,
Medu Capital
11:30 – 12:00
Case study
Siya Nhlumayo
12:00 – 13:00
13:00 – 14:00
LUNCH
Types of private equity structures and how
they function
Craig Dreyer,
Ethos Private Equity
14:00 – 14:15
14:15 – 15:00
COFFEE
Understanding fund performance and
valuation
15:00 – 15:30
Regulation of private equity
15:30 – 16:00
Closing remarks and discussion
Overview
Day 2
Speakers
2 of 6
Craig Dreyer
Rudolph Fourie,
Alternative Prosperity
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DAY 2
Agenda
A Master-Class on Successful Deal Completion:
Managing the deal process from due diligence and negotiation,
to structuring, approvals and sign-off.
Windhoek: Wednesday, 11 November 2015
Overview
08:00
REGISTRATION
08:15 – 08:30
WELCOME
SAVCA
08:30 – 08:45
Introduction and overview of a case study:
A story about a deal that succeeded
Stuart Bradley,
Phatisa
Ron den Besten,
The Abraaj Group
08:45 – 09:45
Due diligence considerations:
Lessons and case studies from Southern
Africa
Peter McCrystal,
PwC
Scott Berry,
PwC
09:45 – 10:15
Case Study:
Due diligence
Stuart Bradley and
Ron den Besten
10:15 – 10:45
COFFEE BREAK
10:45 – 11:30
Structuring the deal optimally:
A GP’s perspective
Siya Nhlumayo,
Medu Capital
11:30 – 12:30
Case study:
Deal structuring, optimisation and value
creation
Ron den Besten
12:30 – 13:30
LUNCH
13:30 – 14:15
Minority vs Control:
What are the trade-offs?
Michael Jensen,
Ethos Private Equity
14:15 – 15:15
A winning start:
Putting in place a 100-day plan for the
business
Ron den Besten,
Stuart Bradley
15:15 – 15:45
COFFEE
15:45 – 16:15
Case study:
The Ringmaster Approach – how to get the
deal over the line
Stuart Bradley
16:15 – 16:45
Looking ahead to the exit:
Running the sale process
Stuart Bradley and
Ron den Besten
16:45
CLOSE
Day 1
Speakers
3 of 6
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Overview
Day 1
Day 2
RUDOLPH FOURIE
CRAIG DREYER
RON DEN BESTEN
STUART BRADLEY
SCOTT BERRY
SPEAKERS
Speakers
Scott Berry is Director, M&A Tax Advisory at PwC South Africa. He joined the firm in early
2013, after a combined 18 years with another “Big 4 firm”.
Scott started his career in tax in 1994 with Andersen, and joined Andersen’s Corporate
Finance team in 2000, gaining experience in advising on the financial aspects of public to
private transactions, Black Economic Empowerment (BEE) transactions, group reorganisations, deal implementation advisory, etc.
In the latter part of 2002 Scott rejoined the tax arena specialising in M&A Tax, advising on
the tax structuring of public to private transactions, BEE transactions and group reorganisations, as well as tax due diligence executions.
Stuart has 18 years of private equity experience in Africa with CDC Capital Partners,
Aureos Capital and Phatisa Group. He is the co-founder of Phatisa Group, which has over
US$ 286 million of capital under management.
During his career, Stuart has successfully raised over US$ 1 billion for private equity
funds in Africa.Prior to founding Phatisa, Stuart was the managing partner of the US$ 50
million Aureos Southern Africa Fund in Johannesburg, South Africa. Before joining Aureos
Capital, Stuart was the general manager of Takura Ventures in Zimbabwe, where he had
overall responsibility for the Fund’s success.
Ron is the Chairman of the Regional Advisory Council, Sub-Saharan Africa of the Abraaj
Group. He joined the group in 2004, and was responsible for the $386 million Aureos Africa
Fund’s Southern Africa region and the US$50 million Aureos Southern Africa Fund. He has
over 18 years of private equity experience gained from institutions such as Gensec Bank Ltd.
He has extensive experience in deal structuring, negotiations, strategic development of,
and exit from African companies and serves on the boards of directors, audit-, remuneration-, social and ethics- and nomination committees as non-executive director of companies involved in industries such as financial services, fast moving consumer goods, agriprocessing, chemicals, manufacturing and IT services. He is a Chartered Accountant, and
holds a B Comm Honours Degree in Accounting from the University of Johannesburg.
Craig joined Ethos in 1998 as the Company’s Chief Financial Officer. Prior to this he
was a partner of the Johannesburg office of the international auditing firm BDO. Craig
is responsible for reporting, valuations, governance and administration of Ethos. He has
served as a committee member of South African Venture Capital and Private Equity Association since 1998. Craig holds a Bachelor of Commerce degree in accounting and a
post graduate Bachelor of Accounting degree from the University of Witwatersrand. He
is a member of the South African Institute of Chartered Accountants. Craig represented
South Africa at the Fireball World Sailing Championships in San Francisco in 1984. Craig
is a keen photographer and tries to ride a mountain bike. Craig is married to Linda and
has two daughters.
Rudolph is a founding director that heads up sustainability and responsible investment at Alternative Prosperity. Alternative Prosperity is a Cape Town based advisory
company that aims to inform progressive thinking around organisational responsibility.
Rudolph works extensively in the financial sector with a broad range of stakeholders
that include major Labour Unions, Pension Funds, Listed and Unlisted Corporates,
Sector Associations and Civil Society organisations. Prior to joining Alternative Prosperity Rudolph worked as a Chartered Accountant for KPMG and Sasol from 2001 to
2007. Rudolph was then appointed as lecturer and researcher at Stellenbosch University
after which he joined the Alternative Prosperity team. Rudolph is still a guest lecturer
on the Development Finance Programme at the University of Stellenbosch Business
School.
4 of 6
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SIYA NHLUMAYO
PETER MCCRYSTAL
MICHAEL JENSEN
SPEAKERS
Speakers
Michael joined Ethos in 2006. Since joining Ethos, he has been involved in the execution of a number of acquisitions for the Ethos portfolios, including those of ETI (formally
Oceanic Bank), House of Busby and Neopak. He currently serves on the board of House
of Busby.
Michael also worked extensively on the acquisition of Holdsport and played an integral
role in the successful listing of that business in 2011.
Prior to joining Ethos, Michael spent five years at Deloitte, including three years in the
Financial Advisory Services division.
Michael holds a Bachelor of Commerce Rationum and Bachelor of Commerce (Hons)
degree from the Nelson Mandela Metropolitan University.
Peter leads the PwC (South Africa) Transaction Services division, specialising in, amongst
other deal related services, due diligence investigations, lead advisory services, transaction structuring and advice on the application of the JSE Limited listings requirements.
Peter completed his period of traineeship with PwC in 1991, whereafter he took a position as Group Financial Manager of a listed IT group. In 1995 he joined the Corporate
Finance division of PwC and, after spending 18 months with the Canadian firm, returned
to South Africa to focus on building the Transaction Services business in South Africa.
Peter was admitted as a partner in the SA firm in 1998 and was appointed as Leader of
the Transaction Services division for Southern Africa in 2002. Peter has led numerous
significant transaction and listing assignments.
Siyabonga is partner at Medu Capital, a black owned Private Equity firm. He is responsible for strategic development, investment execution and management. He sits on
various Medu Capital portfolio company boards and sub-committees. He is also a board
member and treasurer of the South African Venture Capital & Private Equity Association
(SAVCA).
Prior to joining Medu Capital in 2007, Siyabonga spent two and half years at PricewaterhouseCoopers’ Transaction Services advising on a range of transactions. Siya
commenced his career at PricewaterhouseCoopers where he qualified as a Chartered
Accountant.
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Day 2
ROSS MANTON
Overview
His experience has included advising on the formation of investment funds focused on
private equity and venture capital, secondary acquisitions, real estate, real estate debt,
renewable energy and litigation financing. Ross has also advised limited partners on a
number of investments into investment funds and co-investment vehicles.
CATHERINE SWANEPOEL
Ross Manton is an associate director in the Corporate Practice at Webber Wentzel.
He specialises in investment fund formation, fund investments, and private company
investment transactions.
Ms Swanepoel has over 10 years of private equity and investment related experience
and in addition to being a Principal at South Suez, also is on the investment committee of an established South African fund-of-funds. She also sits the Advisory Boards
of several African private equity funds. Prior to joining South Suez, Ms Swanepoel was
an Investment Manager in the Africa team at CDC, a leading private equity investor
in the Emerging Markets with over 140 private equity funds in its portfolio. During her
time at CDC, Ms Swanepoel was responsible for performing due diligence on new
fund investments as well as for monitoring the performance of existing funds within the
portfolio. Prior to that Ms Swanepoel spent 4 years in the Investment Banking division
at Goldman Sachs, predominantly in transaction execution for private equity clients.
Ms Swanepoel holds a Bachelor of Commerce degree (Honours) in Economics and a
Masters of Commerce in Economics, both from the University of Cape Town.
Ross is a qualified solicitor in England & Wales. He has an LLB (Hons) degree from the
University of Sheffield and a Postgraduate Diploma in Legal Practice from BPP Law
School (Manchester, England).
5 of 6
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ERIKA VAN DER MERWE
SPEAKERS
Speakers
Erika van der Merwe is CEO of the Southern African Venture Capital and Private
Equity Association (SAVCA), a non-profit organisation whose objective is to promote
venture capital and private equity in Southern Africa. She holds the Chartered
Financial Analyst (CFA) accreditation and has a master’s degree in economics from
Cambridge University and from the former University of Natal.
Overview
Day 1
Day 2
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