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Emerging Markets

Private Equity in Africa

Creating Value to Maximise Impact and Returns

London |
Speakers include:
Dan Schonfeld

Dan Schonfeld

Vital Capital

Tom  Attenborough

Tom Attenborough

London Stock Exchange Group

Ann Wyman

Ann Wyman

AfricInvest

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 17:45:00truePrivate 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

Current LP Registrations

 

Current LP Registrations

  • African Development Bank
  • African Technology Foundation
  • Botswana Development Corporation Ltd
  • Chicago Teachers Pension Fund
  • CKRe Limited
  • CPP Investment Board
  • DEG mbH
  • European Bank for Reconstruction and Development
  • Ontario Teachers' Pension Plan
  • Public Investment Corporation
  • St Catharine's College, Cambridge, Endowment
  • Stanbic IBTC Pension Managers
  • Swedfund
  • Times 3 Capital
  • Venture Capital Trust Fund
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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 (22)

Dan Schonfeld

Dan Schonfeld

Head of Finance
Vital Capital

Mr. Schonfeld holds an undergraduate degree in Law (LLB) from the Hebrew University in Jerusalem and an MBA from the INSEAD Business School in France & Singapore.

He has twenty years of experience in the fields of finance, strategy, economics, business development and law, with top-tier organizations such as McKinsey & Company, UBS and Ernst & Young. During this time he has led a large number of assignments in a broad range of industries, including infrastructure, construction, healthcare, energy, telecommunication, financial services and others, in many markets and regions worldwide, including Africa.

Mr. Schonfeld brings with him a strong foundation of business fundamentals and a rigorous, methodological approach to the analysis of potential investment opportunities by the Fund. 

In his role as Head of Finance, he oversees all of Vital Capital’s financial operations, manages all investment opportunity screening and evaluation work, monitors and oversees many of Vital Capital’s portfolio investments and in many cases represents Vital Capital on these companies Boards of Directors, and drives Vital Capital’s fundraising efforts.

Tom  Attenborough

Tom Attenborough

Head of International Business Development – Primary Markets
London Stock Exchange Group

Tom joined the London Stock Exchange Group in September 2013 and is Head of International Business Development within Primary Markets.  In this role, Tom advises UK and international companies and their owners on the process of going public and life as a listed company on London’s markets.  Prior to joining London Stock Exchange, Tom was at Citigroup for over 15 years as a Managing Director in the Equity Capital Markets division, originating, structuring and executing equity and equity-linked transactions across UK, Europe, Middle East and Africa.  He has originated, structured and executed large number of IPOs and follow-on capital raisings over the years, including many involving a London listing. Prior to Citi, Tom worked in Kleinwort Benson’s Equity Capital Markets team from 1994 to 1997. Tom graduated from Oxford University with a BA (Hons) degree in Philosophy, Politics and Economics.

Ann Wyman

Ann Wyman

Senior Manager
AfricInvest

Ann Wyman is a Senior Officer at AfricInvest, responsible for client relations. An internationally recognized economic and geopolitical researcher and manager with two decades of experience in financial services and consulting, Ms Wyman has worked as an economist and head of Emerging Markets Research at both Citi and Nomura. She also currently serves as a Senior Advisor at Gatehouse Advisory Partners, a geopolitical consulting firm based in London, and contributes analysis to Oxford Analytica, an internationally renown global analysis and advisory firm. She is a member of the board of the Tunisian American Enterprise Fund, established by the United States government to help foster stronger investment ties with Tunisia and launch local SMEs as engines for longer-term growth. She is a graduate of the University of Pennsylvania (BA), and Columbia University's School of International and Public Affairs (Masters).

Emmanuel  Assiak

Emmanuel Assiak

Vice President
African Capital Alliance

Emmanuel has over two decades of work experience spanning private equity, banking and
manufacturing.
He joined the ACA Group in 2006 and is the sector lead for the firm’s financial services
group. In this capacity, he is responsible for coordinating the deal origination, deal
structuring and ongoing value creation for financial services related investments. He also
serves as the lead on one of ACA’s largest investments, Union Bank of Nigeria Plc, and
oversees a number of ACA investee companies through his roles on their respective
Boards.
Prior to joining ACA, Emmanuel held senior positions in leading Nigerian banks, including
Zenith Bank and United Bank for Africa (UBA), where he oversaw banking operations, trade
services, process management and product development.
Emmanuel holds a Bachelor's degree in Economics from the University of Cross River
State in Nigeria and an MBA from the Manchester Business School, United Kingdom. He is
also an alumnus of the Coller Institute of Private Equity, London Business School.

Albert  Alsina, Founder

Albert Alsina, Founder

Chief Executive Officer, and Managing Partner
Mediterrania Capital Partners Private Equity

Albert Alsina has more than 25 years of international experience in multi-national settings where he
held several executive positions in General Management at global and European levels in the US, UK,
Brazil, Germany, Zimbabwe and Spain. In 2007, Albert joined the financial group Riva y García to lead
the fund “Fons Mediterrania Capital” (Mediterrania Capital I). In 2013, he founded Mediterrania
Capital Partners Ltd. which today manages two funds: MC I and MC II. Today Albert is a member of
the Investment Committee of “Fons Mediterrania Capital” and “Mediterrania Capital II”, and a Board
member of several portfolio companies of both funds.
Albert is also a member of AVCA’s Sustainability Committee and Associate Professor at EADA
Business School in Barcelona. He currently sits on the Board of Anne Fundació, a centre dedicated to
medical and psychological attention to children.
Albert is an AMP graduate from Harvard Business School (USA). He completed the Global Leadership
Program from Wharton (USA), and PADE from IESE Business School (Spain); he also holds Master’s
degrees from Fulda Fachoschule (Germany) and Université de Poitiers (France); and a Bachelor
degree in Business from the University of Barcelona (Spain).
Albert is fluent in English, French, German and Portuguese, as well as in Catalan and Spanish.

Nicholas  Northcote

Nicholas Northcote

Partner,
McKinsey & Company

Nic Northcote is a Partner at McKinsey & Company, based out of the Johannesburg office. He leads
McKinsey's private equity services in Africa, and has worked on over 20 transactions across 14 sectors
in Africa in the last 3 years. Nic also works extensively with his clients on "value-add" topics ranging
from strategy setting through to commercial and operational improvement.

Andrew  Tymms

Andrew Tymms

Partner
Bain & Company

Andrew Tymms is a Leader in Bain & Company’s global Private Equity practice and Leads Bain’s UK Private Equity practice. He has 22 years with Bain in UK, Australia and Africa - focused in PE. Andre has deep experience in all aspects of Private Equity and M&A and has led over 250 commercial reviews, M&A and post acquisition projects for leading Private Equity investors and Hedge funds. He has significant industry experience in Technology & Media, Financial Services and Retail, PE portfolio company growth strategy development and results delivery.

Jane Nelson

Jane Nelson

Director of the Corporate Responsibility Initiative
Harvard Kennedy School
Patrick  Njoroge

Patrick Njoroge

Governor
Central Bank of Kenya

Patrick Njoroge was appointed Governor of the Central Bank of Kenya (CBK) in June 2015. He is the first CBK Governor to be recruited through a competitive selection process that included vetting and parliamentary approval. As Governor, Dr Njoroge is also the CBK’s Chief Executive Officer (CEO), a member of the Board of Directors and Chairman of the Monetary Policy Committee (MPC).

Before joining the CBK, Dr Njoroge worked at the International Monetary Fund (IMF) in Washington DC for more than 20 years. His roles at the IMF included Advisor to the Deputy Managing Director from December 2012 to June 2015, Deputy Division Chief of the Finance Department 2006 to 2012 and Mission Chief for Dominica 2005 to 2006. He was previously an Economist at the Kenyan Ministry of Finance and a Planning Officer at the Ministry of Planning.

Dr Njoroge was named Africa’s Governor of the Year 2016 by African Banker Awards during the African Development Bank Group (AfDB) Annual Meetings in May 2016.

He has a PhD in Economics from Yale University and Master’s and Bachelor’s degrees in Economics from the University of Nairobi, Kenya.        

Richard  Rincón

Richard Rincón

Emerging Markets Investment Office
UTIMCO

Richard Rincon is an Emerging Markets (EM) investment officer at UTIMCO, which manages the $34+ billion University of Texas endowments and associated funds. At UTIMCO, Mr. Rincon is responsible for global EM private equity investments with a particular focus on Latin America. His primary responsibilities include monitoring the current $1+ billion EM portfolio and evaluating and executing potential EM investment opportunities. UTIMCO invests primarily via funds, partnerships and direct co-investments.
Prior to UTIMCO, Mr. Rincon was co-founding Principal of Grace Equity (2013), an independent private equity sponsor making middle market buyout and growth equity investments with the backing of various domestic and Latin American family offices. Prior to Grace Equity, Mr. Rincon was part of the founding team of Chicago-based HCP & Company (2003), a lower middle market private equity firm. As Vice President, Mr. Rincon was responsible for origination, execution, and portfolio management activities across the business services, consumer products, and media sectors, as well as, the broader U.S. Hispanic and Latin American markets. Mr. Rincon began his investment career as an Analyst in the corporate and investment banking group of ABN Amro Bank (2001), where he focused on agribusiness, transportation, and EM infrastructure finance.

Mr. Rincon holds a B.A. in economics and political science from the University of Michigan – Ann Arbor as well as an M.B.A. in finance and management & strategy from Northwestern University’s Kellogg School of Management.

Lauren  Cochran

Lauren Cochran

Director of Private Investments
Blue Haven Initiative

Lauren Cochran is Director of Private Investments at Blue Haven Initiative, where she leads strategy and execution for the family office’s portfolio of direct investments.

 

Lauren’s team makes early stage equity investments with the expectation of both commercial financial returns and positive social and environmental impact. Blue Haven’s portfolio includes M-KOPA, Twiga Foods, PEG Africa and CrossBoundary Energy, among others.  

Prior to joining Blue Haven, Lauren worked at Imprint Capital, an impact investment advisory firm later acquired by Goldman Sachs Asset Management, where she led investments in emerging markets. Her interest in frontier market startups focused on improving the lives of populations underserved by existing infrastructure dates to her 2006-2007 tenure with the Clinton Foundation’s Health Access Initiative, where she analyzed healthcare infrastructure in sub-Saharan Africa. She started her career in private equity at Deutsche Bank later joining DLJ Merchant Banking spinout, Diamond Castle. This work inspired Lauren to pursue a career linking social impact and private equity.

Lauren holds a B.S. from Georgetown University and earned her M.B.A. from the Wharton School.

Paul  Boynton

Paul Boynton

CEO
Old Mutual Alternative Investments

Paul has been Head of Alternative Investments since 2004. This boutique is responsible for the group’s investments in infrastructure, private equity, impact investment and mezzanine debt. He chairs the Alternative Assets Investment Committee and has served on the boards of African Infrastructure Investment Managers, Assore, African Clean Energy Development, CIT, J&J, Life Healthcare, Metcash, Mezzanine Partners, Old Mutual Investment Group, Pepkor, Tourvest and Pembani. He also chaired Green Hands, Old Mutual Investment Group’s Social Development Forum, for 10 years.

Paul’s entire career has been involved in investment and capital markets. His previous work experience includes serving articles with Deloittes in Johannesburg where he qualified as a chartered accountant. He then spent seven years as an investment banker at Investec.

Paul joined Old Mutual in 1995. He spent five years as the Portfolio Manager of the Old Mutual Life Funds (at the time a US$50 billion portfolio and the largest balanced mandate in the country) and three years as Head of Investment Views, formulating the investment house view and model portfolio for Old Mutual Investment Group. Over these periods, the Life Funds and fully discretionary balanced funds, respectively, delivered top quartile performance.

Gunnar Stork

Gunnar Stork

Director Equity & Mezzanine - Africa & Latin America
DEG

Gunnar Stork is the Senior Director Corporates/Funds - Africa & Latin America. Gunnar is responsible for new business and portfolio in Africa and Latin America for both equity and debt investments as well as for infrastructure projects worldwide. Prior that he was 4 years Head of Equity & Mezzanine in Africa. From 2008 until 2012 he headed DEG`s Regional Office in Mexico. Prior to joining DEG in 2001 he worked in the tax structuring business for M&A transactions in an international Law Firm. Mr. Stork has a Business Degree from University of Cologne, Germany and a Masters in International Management from CEMS - the Community of European Management Schools and International Companies - at the Université Catholique de Louvain, Belgium

Michiel  Timmerman

Michiel Timmerman

Managing Partner
Mbuyu Capital Partners

Michiel Timmerman is Managing Partner and founder of Mbuyu Capital Partners, which invests in private markets in Africa for institutional clients, through funds and directly.  Mbuyu’s investment have African operational experience, a track record of fund investment at major institutions and direct investment experience.  Michiel is former MD & CIO of Ignis Advisors, a $3.5bn alternatives business.  He is Co-Founder and Chairman of EFTA Ltd, an equipment leasing business in Tanzania.

Kevin  Njiraini

Kevin Njiraini

Regional Lead, Sub-Saharan Africa, Private Equity Funds
International Finance Corporation (IFC)

Kevin Njiraini is the Regional Lead for Private Equity Funds in Sub Saharan Africa at the International Finance Corporation (IFC). He previously worked with IFC’s Global Financial Institutions Group where he worked on transactions in Africa, Asia and Central America. Prior to joining IFC Kevin was the general manager of an investment bank.

Daniel  Schoneveld

Daniel Schoneveld

Principal
Hamilton Lane

Daniel is a Principal in Hamilton Lane’s Business Development Group, based in the firm’s London office.

Prior to joining Hamilton Lane in 2007, Daniel was a Senior Vice President in charge of asset owners and investment consultants in Europe and Africa at Morgan Stanley Capital International in London. Previously, he worked as an institutional advisor at the German bank, Metzler, and prior to that, he spent more than eight years at the advisory and brokerage firm, Hall International Partners in the Netherlands. Daniel began his career as a research analyst at the Dutch bank ABN Amro in Amsterdam.

Daniel received an M.B.A. from Henley Management College in London and a B.S. in finance from Roosevelt University in Chicago.

Murray  Grant

Murray Grant

Managing Director, Intermediated Equity
CDC Group plc

Murray rejoined CDC in January 2015 from Actis LLP where he was a Founding Partner responsible for the development of its Africa business. Actis was spun out of CDC in 2004.

He began his career as an engineer working on major infrastructure projects in Africa and Papua New Guinea.  His PE career began in 1988 with 3i where he worked for 13 years in the UK before joining CDC in 2001.  Murray’s investment and NED track record covered most sectors and regions across Africa.

Murray has a BSc (Hons) in Engineering from Edinburgh University and an MBA from London Business School. He has an MBA from London Business School and a BSc (Hons) in engineering from Edinburgh University.  

Sateesh   Kamath

Sateesh Kamath

Chief Financial Officer
Safaricom
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

 In 2011 Per Wimmer founded Wimmer Family Office based in London, UK. Per Wimmer founded Wimmer Financial in 2007. Wimmer Financial is a merchant bank/corporate advisory firm specializing in natural resources (mining, oil & gas and green energy), real estate, infrastructure, aviation, shipping and project debt financing. He has also worked for Goldman Sachs & Co. in New York and London, including during its IPO, covering European Equity products into Scandinavian-based financial institutions. Furthermore, Per Wimmer has been working for MF Global/Man Group and Collins Stewart/Canaccord. Per is the author of three books including “Wall Street” talks about bubbles in the financial markets, along with anecdotes from his time in the world of global finance. “The Green Bubble”, published in English, Danish and Swedish promotes the argument that for green energy to be truly sustainable, it must be commercially sustainable. Per Wimmer was awarded a Master of Public Administration and the Don K. Price Award from Harvard University with concentrations in business, finance and international relations.

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 (5)

Elaine  Moore

Elaine Moore

Lex Writer
Financial Times

Elaine Moore is a writer for the Financial Times Lex column, the oldest and arguably the most influential business and finance column of its kind. Prior to this, she was the FT’s Capital Markets Correspondent, where she covered the Greek debt crisis, Saudi Arabia’s entrance to global markets, Argentina’s debt restructuring and the bond dispute between Russia and Ukraine. Previous roles at the FT include Deputy Editor of the FT’s personal finance section and reporter. Before joining the Financial Times, she worked for the Turkish Ambassador in London and as a freelance journalist in Cambodia. She graduated from Cambridge University.

André Roux

André Roux

Deputy Chairman
Ethos

Andre Roux is the Founding Partner of Ethos, having established the business in 1984. 

He is widely regarded as the pioneer of South African private equity and held the post of Chief Executive since Ethos’ inception. Mr Roux stepped down as Chief Executive in 2014 and assumed the role of Deputy Chairman. 

Recently, EMPEA appointed Mr Roux as Senior Advisor and Chair of the EMPEA Africa Council. 

He has lectured extensively on the private equity industry to business schools and is a regular speaker at industry conferences. 

Prior to the establishment of Ethos, Mr Roux held the positions of Chief Executive of FirstCorp Capital Investors Limited and FirstCorp Merchant Bank. He has served on the boards of several portfolio companies associated with the various investment funds advised by Ethos.  Until recently, he was a member of the Alexander Forbes Board of Directors prior to the business listing on the JSE (July 2014). 

Mr Roux graduated with a Bachelor of Commerce degree from the University of the Witwatersrand and is a member of the South African Institute of Chartered Accountants.  

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

  • 8:35am
    Keynote Panel Discussion: Africa in a Global Context: Will it Survive or Thrive?
    • How can private capital accelerate progress toward Sustainable Development Goals?
    • 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?
    • Currency fluctuation – what’s next? 

    Panellists:
    David Cowan, Managing Director, Africa Economist, Citi
    Jane Nelson, Senior Fellow and Director of Corporate Social Responsibility Initiative, Harvard Kennedy School

    Moderator:
    John Aglionby, East Africa Correspondent, Financial Times

  • 9:10am
    Opening Keynote: Africa on the Move

    The emerging trends in Africa and the opportunities that the provide for private equity investors

    Patrick Njoroge, Governor, Central Bank of Kenya

  • 9:30am
    Plenary Discussion: Building Value Add Capabilities For Sustained Outperformance
    • How can private equity fund managers best work in partnership with portfolio companies to find ways increase turnover growth, expand earnings and create jobs? 
    • Where across the value chain is there the greate4st opportunity for optimal active management: origination networks, deal execution, structuring, fundraising, administration and/or portfolio company support?
    • How essential is strong leadership, both at the portfolio company and fund manager level, to successful value creation?
    • How can fund managers consider currency exposure and find natural hedging strategies?

    Panellists:
    Andrew Tymms, Partner, Bain & Company
    Nicholas Northcote, Partner, McKinsey & Company

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

  • 10:15am
    Networking and Refreshment Break
  • 10:30am
    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 under performing 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?

    Panellists:
    Lauren Cochran, Director of Private Investments, Blue Haven Initiative
    Kevin Njiraini, Chief Investment Officer, International Finance Corporation
    Richard Rincón, Emerging Markets Investment Office, UTIMCO and Member, EMPEA Limited Partners Council

    Moderator:
    Javier Espinoza, Private Capital Correspondent, Financial Times

  • 11:30am
    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?

    Panellists:
    Paul Boynton, CEO, Old Mutual Alternative Investments
    Dan Schoneveld, Principal, Hamilton Lane
    Murray Grant, Managing Director, Intermediate Equity, CDC Group plc

    Moderator:
    Elaine Moore, Lex writer, Financial Times

  • 12:15pm
    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?

    Panellists:
    Kofi Fynn, Managing Director, Petra Trust Company
    Sateesh Kamath, Chief Financial Officer, Safaricom
    Michiel Timmerman, Managing Partner, Mbuyu Capital Partners
    Kenneth Kaniu, Chief Executive Officer, Britam Asset Managers (Kenya) Limited

    Moderator:
    John Aglionby, East Africa Correspondent, Financial Times

  • 1:00pm
    Lunch
  • 2:00pm
    Plenary Discussion: What is Needed for an Enabling Exit Environment?
    • According to AVCA, exits via initial public offerings or stock sales on public markets are not yet material but are a viable exit option for quality businesses and over 10% of all exits recorded were executed via this method. How should fund managers best take advantage of this exit path?
    • What should fund managers be doing to improve their chances of successful and timely exits?
    • Defying the pressure on exits, case study examples of successful exits in 2016/2017

    Panellists:
    Albert Alsina, Founder, Chief Executive Officer, and Managing Partner, Mediterrania Capital Partners Private Equity
    Ali Mazanderani, Director, Private Equity, Actis
    Tom Attenborough, Head of International Business Development – Primary Markets, London Stock Exchange Group

    Moderator:
    Adrienne Klasa, Editor, This is Africa 

  • 3:00pm
    Plenary Panel: What Are the Optimal Strategies to Access Africa’s Private Capital Opportunity Set?

    Four private equity funds will discuss various investment strategies on the Continent and where they see the evolution of the industry.

    • Pan-Africa vs. regional focus?
    • What regions or countries are most exciting at the moment and how to best address the challenges inherent to existing and potential markets?
    • What are the benefits of sector specification? Which sectors offer the most promising investment opportunities?
    • Do LPs tend to prefer one strategy over another?

    Panellists:
    Emmanuel Assiak, Vice President, African Capital Alliance
    Ann Wyman, Investment Officer, AfricInvest 

    Moderator:
    Elaine Moore, Lex writer, Financial Times

  • 3:45pm
    Networking and Refreshment Break
  • 4:00pm
    Breakout Session A: 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 emergence of permanent capital vehicles – what are the advantages and disadvantages?
    • The role of DFIs in fund structuring
    • How can you effectively structure the fund and portfolio company returns to mitigate currency risk?

    Panellists
    Thiha Tun, Partner, Akin Gump Strauss Hauer & Feld LLP
    Mark Kenderdine-Davies, General Counsel and Company Secretary, CDC Group, plc

    Moderator
    Jonathan Wheatley, Deputy Emerging Markets Editor, Financial Times (confirmed)

  • 4:01pm
    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?

    Panellists
    Dan Schonfeld, Head of Finance, Vital Capital
    Mike Muldoon, Associate Director, Program Related Investments, The Rockefeller Foundation Representative 

     

  • 4:45pm
    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
    Gunnar Stork, Director Equity & Mezzanine - Africa & Latin America, DEG

  • 5:15pm
    Keynote Dialogue: How Can Sustainable and Resilient Infrastructure Pave the Way for the Successful Implementation of the Sustainable Development Goals on the Continent?

    Alain Ebobissé, Chief Executive Officer, Africa50

    Interviewer: AubreyHruby, Partner, Baylis Emerging Markets Fund and Co-Founder, Africa Expert Network (AXN)

  • 5:35pm
    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.

Thought Leaders and Strategic Contributors (5)

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.

The London Stock Exchange Group’s ELITE program supports ambitious private companies through their next stage of growth. First implemented in 2012, ELITE is already established in Europe and Africa and is rapidly expanding across the globe with over 600 companies in the program and over 250 in the advisory and investor community.

ELITE Club Deal is the LSEG’s digital private placement platform, designed to streamline the capital raising process for ELITE companies and institutional/professional investors. This initiative bridges a funding gap by bringing together professional investors with high quality growth companies in a secure and efficient environment through an online platform.

ELITE Connect is the leading technology platform in virtual communication designed for institutional investors, listed companies and intermediaries. Using advanced, user friendly technology the platform offers company profiles, virtual meetings, webcasts, event management tools and Academy tutorials. Our mission is to create efficient and cost effective ways for companies, investors and brokers to connect and interact.

The ILPA is the leading global, member-driven organization dedicated to advancing the interests of private equity Limited Partners through industry-leading education programs, independent research, best practices, networking opportunities and global collaborations. Initially founded as an informal networking group, the ILPA is a voluntary association funded by its members. The ILPA membership has grown to include over 300 member organizations from around the world representing over US $1 trillion of private assets globally.

Mediterrania Capital Partners is a regional private equity firm focused on growth investments for SMEs in North Africa and Sub-Saharan countries. The company started its operations in 2008 under “Fons Mediterrania Capital” and since 2013 is an independent General Partner Structure.

With offices in Abidjan, Algiers, Barcelona, Casablanca, Tunis, and Valletta, Mediterrania Capital Partners takes an intensely proactive, hands-on approach to implementing its growth strategy by leading the governance of the companies and driving the key internal value creation process. The partners of Mediterrania Capital have extensive experience in managing companies spanning commercial experience, strategy formulation, finance, and operations.

In full alignment with key shareholders, Mediterrania Capital Partners builds partnerships with leading entrepreneurs with the objective to nurture lasting value creation through investments in innovation and growth. Its focus is on emerging and growing industries with a clear international approach.

The mission of the company is to make portfolio companies successful and strong in the long-run and deliver superior returns to its investors, while having a social and economic impact in the Africa region.

Mediterrania Capital Partners is a regulated financial investment manager licensed by the Malta Financial Services Authority (MFSA).

The six Principles for Responsible Investment are a voluntary and aspirational set of investment principles that suggest actions for incorporating environmental, social and governance (ESG) factors into investment practice. The Principles were developed by investors, for investors. They have nearly 1,500 signatories, from over 50 countries, representing US$60 trillion.

The PRI works to understand the investment implications of ESG factors and to support its international network of investor signatories in integrating these factors into their investment and ownership decisions. The PRI acts in the long-term interests of its signatories, of the financial markets and economies in which they operate and ultimately of the environment and society as a whole

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

Supporting Partners (5)

AMIC is an independent non-profit association created in 2000 in order to develop the private equity and venture capital industry in Morocco and internationally; to promote best practices, transparency and responsibility amongst industry professionals; to create a favorable legal and fiscal environment by lobbying policy makers; to provide research and information on the industry; educate and train practitioners; and foster networking between members and state holders.

The African Private Equity and Venture Capital Association (AVCA) is the pan-African industry body which promotes and enables private investment in Africa. AVCA plays an important role as a champion and effective change agent for the industry - educating, equipping and connecting members and stakeholders with independent industry research, best practice training programmes and exceptional networking opportunities.

AVCA members span private equity and venture capital firms, institutional investors, foundations and endowments, pension funds, international development finance institutions, professional service firms, academia, and other associations. This diverse membership is united by a common purpose: to be part of the Africa growth story.

The East Africa Venture Capital Association (“EAVCA”) was founded in 2013 to represent the private equity industry in East Africa and provide a voice for industry players to raise awareness and engage on regional policy matters. EAVCA aims to ultimately play a greater role in mobilizing investment flows in the region.

Falk Marques Group LLC develops and produces professional conferences, insightful industry news and event content, and unmatched networking opportunities for an international audience of senior-level decision makers in private equity, venture capital and alternative investments.

Our highly acclaimed Women’s Private Equity Summit and Women’s Alternative Investment Summit are the cornerstones of our success. These major industry events bring together institutional investors, fund managers and advisors to the industry for an honest exchange of business ideas and information, invaluable networking and unrivaled deal-making. With the addition of Women’s PE Briefs, our weekly e-Newsletter showcasing the achievements of women in private equity and venture capital, Falk Marques Group is a multi-platform provider of valuable content to the industry’s top leaders.

SAVCA is a member organisation that promotes the venture capital and private equity asset class in Southern Africa. Its mission is to contribute to a vibrant industry characterised by: Access to capital to fund private equity and venture capital transactions; A healthy market for exits; A supportive regulatory regime; Transformation within the industry and portfolio companies; and Professional and ethical conduct.

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