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Emerging Markets

Private Equity in Africa

Creating value to maximise impact and returns

London |
Speakers include:
Sateesh   Kamath

Sateesh Kamath

Safaricom

Lauren  Cochran

Lauren Cochran

Blue Haven Initiative

Thiha  Tun

Thiha Tun

Akin Gump Strauss Hauer & Feld LLP

Overview

Private equity funds and investors will draw on real examples of specific deals, success stories, and existing challenges during panel discussions and case study presentations which will delve into both specific regions and sectors.

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fallback Add to my Calendar 10/18/2017 08:00:0010/18/2017 17:30:00truePrivate Equity in AfricaPrivate equity funds and investors will draw on real examples of specific deals, success stories, and existing challenges during panel discussions and case study presentations which will delve into both specific regions and sectors.Private-Equity-in-Africa95376729318f3491da7e9a8a25fb85aeMM/DD/YYYY

Testimonials

2016 TESTIMONIALS

"FT Live is the most efficient venue to network with investors, market participants and parties operating within my investing."

- Franklin Olakinle Amoo, Baylis Emerging Markets

“Outside-in view of the macro economic conditions of Africa and response of both LPs and GPs in capital deployments.”

– Afolabi Oladele, African Capital Alliance

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Full Overview

Rapid urbanisation, an emerging middle class with increased purchasing power, and growing private capital markets are among the top qualities that make investment across the African continent attractive. Yet, the interplay among the varied economies—each situated within unique geopolitical environments—has not made investment as straightforward.

The FT and EMPEA are once again hosting the Private Equity in Africa Summit to paint a more nuanced portrait of investment throughout the continent at a critical time when there are increased signs of technological change and innovation in Sub-Saharan Africa. The number of venture capital deals, for example, have steadily climbed and they now represent 18% of total number of deals for the first quarter of 2017 (EMPEA). Following a decline in fundraising after two record years and the search for new markets and exit opportunities, find out what’s next for private capital opportunities in Africa.

Institutional investors, including global and local pension funds, sovereign wealth funds, foundations and development finance institutions, will examine the opportunities for long-term growth and what is needed to go from exploring these opportunities to making substantial fund commitments.

Join key global and local investors to discuss how international developments and regional structural changes are impacting African markets.

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Speakers List (7)

Sateesh   Kamath

Sateesh Kamath

Chief Financial Officer
Safaricom
Lauren  Cochran

Lauren Cochran

Director of Private Investments
Blue Haven Initiative
Thiha  Tun

Thiha Tun

Partner
Akin Gump Strauss Hauer & Feld LLP
Kofi  Fynn

Kofi Fynn

Managing Director
Petra Trust Company
Per  Wimmer

Per Wimmer

CEO
Wimmer Family Office
Tony  McNally

Tony McNally

Former CEO
GOODLIFE
David  Cowan

David Cowan

Managing Director and Africa Economist
Citi

David has been the Africa Economist at Citi since July 2007.

Prior to this he worked at the Economist Intelligence Unit for a total of eight years as Senior Economist for Africa and the Director of the Middle East and North Africa team. Before joining the Economist Intelligence Unit, he worked for six years as the Principal Research Officer at the Bank of Botswana, the country’s central bank. He also worked for three years for the Economic Research Unit of the Saudi Arabian Ministry of Foreign Affairs.

He has a first degree in economics from the University of Bath and a PhD from the University of London that examined the impact of Tanzania’s structural adjustment programmes from the mid-1980s to the early 1990s.

During his working career, David has built up has a wide-ranging knowledge of financial and foreign exchange markets in Africa and the problems of maximising the benefits of natural resources in African countries.

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Chairs and Moderators (4)

André  Roux

André Roux

Founding Partner
Ethos Private Equity
John  Aglionby

John Aglionby

East Africa Correspondent
Financial Times

John Aglionby has been the Financial Times’ East Africa Correspondent since August 2015, based in Nairobi. 

He joined the FT in 2006 as Jakarta Correspondent before moving to London in 2009 to the world news desk as International Economy News Editor. In 2013 Mr Aglionby moved to the main news desk as a Senior Reporter and News Editor on the live news desk, where he was at the heart of the team that implemented the FT’s transition to a digital first news organisation.

Before working for the FT, Mr Aglionby was the south-east Asia Correspondent for the Guardian and the Indonesia Reporter for the Economist.

Adrienne  Klasa

Adrienne Klasa

Editor
This is Africa, FT Group

Adrienne Klasa is Editor of the Financial Times’ This Is Africa. Her writing has also appeared in the Guardian, the Financial Times, Foreign Policy, Slate and Forbes, among others. She holds a BA from McGill University and an MA from the School of Oriental and African Studies, University of London.

Jonathan Wheatley

Jonathan Wheatley

Deputy Emerging Markets Editor
Financial Times

Jonathan Wheatley is the FT's deputy emerging markets editor. He was Brazil correspondent from 2005 to 2011, when he moved to London. He lived in São Paulo from 1992, writing for the FT, Business Week, the Economist Intelligence Unit and many others. He previously worked in television news, current affairs and documentaries in London.

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Agenda - 18th Oct

  • 8:00am
    Registration and Networking
  • 8:30am
    Opening Remarks from Financial Times & EMPEA Co-Chairs

    Jonathan Wheatley, Deputy Emerging Markets Editor, Financial Times
    André Roux,Senior Advisor, EMPEA and Founding Partner, Ethos Private Equity

  • 8:40am
    Opening Interview: The Experience of a Portfolio Company CEO

    During this session CEO's from African portfolio companies that have received private equity investment will discuss their experiences and strategies at their stage of investment

    Speakers to include:
    Tony McNally, Former CEO, Goodlife

  • 9:10am
    Panel Discussion: Africa in a Global Context: Will it Survive or Thrive?
    • What are the implications for the African continent within this challenging geopolitical time as related to a protectionist US administration, post Brexit Britain and structural shocks to the composition of the EU?
    • Assessing the geopolitical risks of investing in certain African economies and implications for PE funds and investors
    • Will investors remain at the mercy of volatile commodity prices?
    • As East Africa breaks away, what does it mean for pan African funds?
    • Will a challenging pan-African scenario lift the ‘resource curse’ – will more natural prices enforce sustainable development?
    • How is Africa comparing to other emerging markets in attractiveness for PE investment?
    • Africa is no longer the exclusive domain of Africa-focussed GPs but has received attention from global players as well – how does investment in Africa fit within their portfolio? What opportunities are they finding on the continent that are not found elsewhere?

    Panellists:
    David Cowan, Africa Economist, Citi

    Moderator:
    John Aglionby, East Africa Correspondent, Financial Times

  • 9:40am
    Regional Case Studies: Exposing the Potential of African Economies

    Is there a distinction between where on the continent you invest in?

    This case study session will bring together four private equity funds with a priority in North, South, East and West Africa. Each fund will present key facts on present numbers and best performers within their chosen region and case study a recent deal. The audience will then be invited to ask the panel questions surrounding risk, strategy and perspective within the different regions.

  • 10:40am
    Networking and Refreshment Break
  • 11:00am
    LP Panel Discussion: Who is Investing and What is Driving Their Decisions?
    • Is investment in certain areas of Africa a good proposal for risk and return for LPs?
    • Managing the challenges of underperforming funds
    • How much of an LP’s portfolio is directed to investments in Africa? Can or should this be scaled up?
    • What impediments do institutional investors see? Can these challenges actively overcome or is it just a matter of time?
    • How can GPs align themselves with the preferences and requirements of local LPs?Speakers:
      Lauren Cochran, Director of Private Investments, Blue Haven Initiative
  • 11:50am
    Panel Discussion: Fundraising in a Changeable Market
    • What has been the knock on effect from the challenging fundraising circumstances of 2016?
    • Exploring the fund raising challenges in different regions
    • Which funds are successfully fundraising following the recent economic turbulence?
    • How can GPs differentiate themselves and think creatively about fundraising to face the difficult environment?
    • Emerging trends among LPs - what are their preferences and requirements in terms of African PE funds?
    • How will LPs increasing preferences toward capital consolidation and forming fewer GP relationships affect fundraising for emerging fund managers?
    • Which sectors and areas are proving more popular with LPs and why?
  • 12:20pm
    Panel Discussion: Engaging the Local Market
    • According to EMPEA’s report, “Unlocking Africa’s Potential,” aggregate pension funds across the continent could invest approximately $29 billion (considering restrictions). How can we improve on moving shares of this capital into private equity?
    • What is the perception of local investors to investing in the continent?

    -          Are they truly less sensitive to certain risks?

    -          Are there enough sophisticated local investors to drive demand? How do we look toward the future to train local investors?  

    • As the drive to get local funds and LPs to invest in Africa intensifies, what will be the impact for the African Market in terms of competitiveness and opportunities?
    • How can current restrictive regulations for the illiquid investment market evolve to encourage and promote local investment?

    Speakers:
    Kofi Fynn, Managing Director, Petra Trust Company
    Sateesh Kamath, Chief Financial Officer, Safaricom

    Moderator: John Aglionby, East Africa Correspondent, Financial Times

  • 1:00pm
    Lunch
  • 2:00pm
    Breakout Sessions

    Breakout session A: Presentation: Fund Structuring - what are the Options?

    • How do we adapt the traditional PE model for different African economies?

    -          Can the same timeframe work in Africa?

    -          Africa’s growth story is a long-term one – can fixed-life PE fund model capture the upside/opportunity?

    • The move towards private equity funds structuring themselves as holding companies in South Africa:

    -          Is this a trend that will continue?

    -          What are the benefits of a holding company structure?

    • The emergence of permanent capital vehicles – what are the advantages and disadvantages?
    • The role of DFIs in fund structuring, are we forever to be dependent?

    Speakers:
    Thiha Tun, Partner, Akin Gump Strauss Hauer & Feld LLP (confirmed)

    Breakout session B: Panel Discussion: The Currency Storm and Currency Hedging

    • How should you hedge against currency volatility, if at all?
    • With the absence of hedging markets for many African currencies – what alternative currency risk mitigation tools are available?
    • How much should you factor hedging into your African investment strategy?
    • In the context of a short-term private equity investment horizon - is hedging too expensive?

    Moderator:
    Jonathan Wheatley, Deputy Emerging Markets Editor, Financial Times

  • 2:45pm
    Breakout Sessions

    Breakout Session A: The Increasing Tide of IPOs – How to Create an Enabling Exit Environment?

    • Extension to exit and the implications for investors
    • What should fund managers be doing to improve their chances of successful and timely exits?
    • The IPO market in Africa, have recent initiatives been successful in improving perception?
    • Regional vs international exchanges
    • Defying the pressure on exits, case study examples of successful exits in 2016/2017

     Moderator: Adrienne Klasa, Editor, This is Africa

    Breakout Session B: Impact Investing, SDGs and African Union Agenda 2063 – How Can Private Capital Contribute to the Achievement of Africa’s Transformational Development Goals?

  • 3:30pm
    Networking and Refreshment Break
  • 3:50pm
    The Opportunity Showcase:

    A panel of LPs will review a panel of GP presentations focused on a specific sector, to deliver a candid (off-the-record) discussion on the factors that will have the greatest influence on LP investment decisions

    Sector focus of funds to include:

    • VC and FinTech
    • Energy & Infrastructure
    • Healthcare
    • Education
    • Agriculture

    LP Judges Panel:
    Per Wimmer, CEO, Wimmer Family Office
    Daniel Bendavid, CEO, Cogepa SA

  • 5:00pm
    Keynote Interview Presentation: Investing in Africa: Our Story

    This closing keynote interview will delve into the tactics, trends and opportunities seen of a prominent GP, LP or Corporate who invests heavily in the Africa. Hear the interviewee discuss why they made the choices they did, their perceptions of the African private equity market and what they consider were the conditions of their success.

  • 5:30pm
    Closing Remarks

    Jonathan Wheatley, Deputy Emerging Markets Editor, Financial Times
    André Roux,Senior Advisor, EMPEA and Founding Partner, Ethos Private Equity

Organisers (2)

The Financial Times is one of the world’s leading business news organisations, recognised internationally for its authority, integrity and accuracy. Providing essential news, comment, data and analysis for the global business community, the FT has a combined paid print and digital circulation of 840,000. Mobile is an increasingly important channel for the FT, driving more than half of total traffic.

EMPEA is the global industry association for private capital in emerging markets. We are an independent non-profit organization. As EMPEA celebrates our 10th anniversary in 2014, we have over 300 member firms, comprising institutional investors, fund managers and industry advisors, who together manage more than US$1 trillion of assets and have offices in more than 100 countries across the globe. Our members share EMPEA’s belief that private capital is a highly suited investment strategy in emerging markets, delivering attractive long-term investment returns and promoting the sustainable growth of companies and economies. We support our members through global authoritative intelligence, conferences, networking, education and advocacy.

Co Sponsor (1)

Akin Gump Strauss Hauer & Feld LLP is a leading global law firm providing innovative legal services and business solutions to individuals and institutions.  We are one of the world’s largest law firms, with more than 900 lawyers and professionals in 21 offices globally. Our firm’s clients range from individuals to corporations and foreign governments.

We were founded in Texas in 1945 by Robert Strauss and Richard Gump, with the guiding vision that commitment, excellence and integrity would drive the success of the firm.  We incorporated those qualities into the firm’s core values as we grew into an international full-service firm positioned at the intersection of commerce, policy and the law.  Our goal in every engagement is to provide client service that not only meets but anticipates our clients’ needs and exceeds their expectations.  From reputational defense of headline-makers to up-, down- and midstream energy investments, from precedential class action dismissals to critical corporate governance and compliance counsel, we serve clients across a wide range of industries, regions and practices. Our lawyers, many with years of experience in the boardroom, on the bench and in the halls of government, collaborate across borders and practices to provide seamless, cost-effective, comprehensive counsel.

Media partners (2)

Analyse Africa, a service from the Financial Times, is a digital database providing macroeconomic data from leading global sources. Gain instant access to 2.1 million data records, from 49 world renowned providers, and 5,000+ professionally validated indicators, in order to analyse, evaluate and spot opportunities in Africa. Analyse Africa is used to analyse, understand and evaluate entire economies to inform critical business decisions by financial service organisations, corporations, government agencies, multilaterals, consultancies and research and academic institutions worldwide.

View the first in a series of African country reports - Nigeria: By the numbers - a macroeconomic data and trends report on Nigeria.  Free download here.

This is Africa, a digital service from the Financial Times, examines African business, development and politics in a global context, making sense of the relationships that Africa is building with the rest of the world. It challenges international preconceptions about the continent and identifies the opportunities and risks in this dynamic business environment.

Follow us on Twitter @ThisIsAfrica

Sign up for our free e-newsletter ThisIsAfricaonline.com/register

ThisIsAfricaonline.com

Why should I attend?

  • Hear leading GPs focus on specific regions in our regional case study session
  • LPs actively investing in Africa will debate with those that have so far limited their allocation during the LP panel
  • Tailor the event to your needs in our break out sessions focusing on; fund structuring, currency hedging, exits and the key to government engagement
  • During the opportunity showcase, a panel of LPs will review GPs presentation focused on a specific sector
  • Our closing keynote will see a leading investor be interviewed in a candid session delving into tactics, trends and opportunities seen
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Who attends

FT Live has a reputation for delivering very senior board level audiences to attend a wide range of world class thought-leadership events across the globe for nearly 40 years.  This event has been produced to meet the needs of senior executives and other finance, business and investment professionals, including:
 

  • Chief Investment Officers
  • Chief Executive Officers
  • Chief Finance Officers
  • Asset / Wealth Managers
  • Investment / Fund Managers
  • Portfolio Managers
  • SRI Investors
  • High Net Worth / Client Advisors
  • Senior Consultants

Paying places, priced at £1,550 per delegate, are available to Fund Managers, GPs, senior representatives from Consultancies and other Professional Services Firms.

If this fits your company / business profile, please register now for your paying place.  

Please note that we offer discounted rates for those wishing to attend both Private Equity in Africa and Sustainable Investing in Emerging Markets. For more information or to register at this discounted rate, please email or register now.

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Fees

Please note that we offer discounted rates for those wishing to attend both Private Equity in Africa and Sustainable Investing in Emerging Markets. For more information or to register at this discounted rate, please email or register now.

Tickets are available to Fund Managers, GPs, senior representatives from Consultancies and other Professional Services Firms operating in the following areas:

  • Private Equity Houses
  • Asset Management Firms
  • Fund of Funds
  • Multi-family Offices
  • Lawyers
  • Accountants
  • Investment Consultants

If this fits your company / business profile, please register now for your paying place.  

 

1 Day Ticket

2 Day Ticket

EMPEA Members

 £1250

 £1700

     

Non Empea Members

£1550

£2500

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Complimentary places for LPs

A limited number of complimentary places are available free of charge to senior investment professionals from institutional investor firms that are LPs in private equity funds who are not engaged in advisory services or fundraising operations. This includes senior investment professionals operating in the following areas: 

  • Pension Funds
  • Insurance Companies
  • Endowments
  • Single Family Offices
  • Foundations
  • Sovereign Wealth Funds

If this fits your company / business profile, please register now for your complimentary place.

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Last year's photos

To view the full selection of photos from the 2016 event click here. 

Private Equity in Africa   Flickr

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Venue

Sheraton Park Lane Hotel
Sheraton Grand London Park Lane Hotel
Piccadilly
London W1J 7BX

United Kingdom

Tel: 02036843643

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Accommodation Information

We have arranged special accommodation rates at the Sheraton Grand London Park Lane Hotel for the nights of 16 October - 18 October at £310 per night.

To secure this please book online here.

Please note that rooms are limited so we recommend booking early to avoid disappointment.

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Contact Us

Funmbi Adenubi
Delegate Booking and Registration Enquiries
Financial Times
Carmen Bamford
Speaking Opportunities
Financial Times
Toby Saunders
Sponsorship Opportunities - Banking & Finance, FT Live
Eleni Vatyliotis
Marketing and Media Enquiries
Financial Times