The Private Equity International Energy Forum: Europe 2008
The Role of Transformational Capital in the Energy Sector
June 17-18, 2008
Renaissance Chancery Court Hotel London
Tuesday 17th June
08.00 – 08.45
Coffee & registration
08:45 – 09:00
Chairman’s Welcome
Philip Borel, Editor in Chief, PEI Media
Section one: Market themes and trends
09:00 – 09:30
Keynote address: challenges and opportunities in global energy today
• The state of the global energy market
• What are the main challenges facing conventional energy providers?
• How does alternative energy fit into the picture?
William Macaulay, Chairman & Chief Executive Officer, First Reserve
Section two: Private equity investment theory and practice
09:30 - 10:30
Panel session: investing in energy – GPs discuss “old” and “new” investment opportunities across the spectrum
• Later-stage venture capital opportunities
• Scope for buyouts
• Deal sourcing: generalist vs specialist private equity funds
Moderator:
Chris Greenwood, Operations Director & Head of Research, New Energy Finance
Panel Members:
Simon Drury, Partner, Climate Change Capital
Anne Quinn, Managing Director, Riverstone
Tom Sikorski, Managing Director, First Reserve
Charles Vaslet, Investment Director, Emerald Technology Ventures
10:30 – 11:00
Coffee Break
11:00 – 11:50
Panel session: the bankers’ panel:
Funding private equity energy investments in today’s capital markets
• Transaction structures today
• Different deals mean different capital structures?
• Outlook for funding
Moderator:
Rupert Newall, Managing Director - Head of Energy & Power, Hawkpoint
Partners
Panel Members:
Shane Bush, Global Head of Renewable Energy, Standard Chartered Bank
William Lean, Managing Director, VinaCapital Infrastructure Fund
Fiona Paulus, Global Head of Sponsors at Royal Bank of Scotland, ABN AMRO
Mike Powell, Managing Director & Head of EMEA Oil & Gas Team, Barclays Capital
11:50 – 12:40
Panel session: the relevance of private equity to energy companies
• The relevance of private equity when restructuring and divesting
• Factors shaping an energy company buyout
• What start up energy companies want from their venture partners
Moderator:
Jürgen Habichler, Founder & Managing Partner, Mountain Cleantech
Panel Members:
Martin Gibson, Partner, Atlas Venture
Jim Meneely, Vice President of Corporate Development, Halliburton
Andrew Reicher, Chief Executive Officer, Globeleq Generation
12:40 – 14:00
Lunch
Section three: Key sectors and transactions
14:00 – 15:30
Roundtables:
Series of practitioner-to-practitioner roundtables with managers who have successfully done deals in varied energy sectors. Each roundtable will be hosted by veteran practitioners in a particular sector, presenting an opportunity for delegates to interact directly with these experts. Sectors to be addressed are:
Roundtable A
Oil and Gas:
• Impact of the economic and financial landscape
• Rising commodity prices
• Private equity’s tremendous growth potential in oil and gas
Moderator:
Philip R. Weems, Head of Global Energy Practice & Managing partner of Middle East offices, King & Spalding
Participants:
Shaheen Chohan, Director - Corporate Development, Contax
Brad Hitch, Director, Merrill Lynch Commodity Partners
Zarko Stefanovski, Senior Analyst, Millennium Global Investments
Roundtable B
Alternative energy:
• Opportunities in global wind and solar energy
• Impact of climate change and tapping investment opportunities in a low carbon economy
• Opportunities in green transportation – biofuels, hybrid cars etc
Moderator:
Jeffrey Eldredge, Head of London Office & Co-head of MENA Practice Group, Vinson & Elkins
Participants:
Mark Campanale, Associate Director, London Bridge Capital
Peter Kiss, Partner, Head of Sector – Energy, KPMG
Shai Weiss, Managing Partner, Virgin Green Fund
Roundtable C
Power:
• Opportunities and challenges in global power generation and transmission
• Blackouts! Supply constraints in the electricity sector
Moderator:
Jean-Marie Chevalier, Senior Associate, CERA
Participants:
David Grylls, Director – Infrastructure Fund, Actis
George Osorio, Managing Partner, Conduit Capital Partners
Andrew Reicher, Chief Executive Officer, Globeleq Generation
15:30 – 16:15
Coffee Break
16:15 – 17:00
Onstage Interview
• Growing expectations for nuclear power expansion worldwide
• Private equity’s role in its growth
Interviewer:
Nicholas Lockley, Editor, PrivateEquityOnline
Interviewee:
Lady Barbara Thomas Judge, Chairman, United Kingdom Atomic Energy Authority (UKAEA)
17:00 – 17:30
Keynote address: the LP perspective
The logic of investing in the energy sector through private equity
• Investment rationale
• Social responsibility
• Supply, demand and returns
Arne Trondsen, Investment Director, Argentum Fondsinvesteringer
17:30 – 19:30
Cocktail reception
Wednesday 18th June
08:45 – 09:00
Chairman’s Welcome
Shawn Carraher, Senior Director, CERA
Section four: Markets that matter
9:00 – 9:30
Keynote Address:
M&A future outlook: Opportunities and challenges in private equity’s role in power deals and the move towards consolidations
Bradford T. Nordholm, CEO & Managing Director, Starwood Energy Group
09:30 – 10:15
Panel session: the investment opportunity in the energy sector in the Middle East / North Africa
A panel of key players in the MENA region discuss the landscape for private equity investing in the Middle East and North Africa.
• Too much money…? Can deal flow keep up with private equity fund formation?
• Partners or rivals: the role of sovereign wealth funds in MENA energy
• Opportunities for renewable energy and energy efficiency in the Middle east
Moderator:
Benjamin Newland, Corporate Partner, King & Spalding
Panel Members:
Wassim Assaad, Executive Director, Gulf Capital
Christophe de Mahieu, Managing Director & Co-Head, Investcorp Bank BSC
Faysal Hamza, Executive Director, Swicorp
Adil Toubia, Chief Executive Officer, GCC Energy Fund
10:15 – 10:45
Coffee Break
10:45 – 11:30
Panel session: Evolving issues and opportunities in Greater Europe
• Russia, a primary investment destination
• Assessing the Southern Republics: Kazakhstan etc
• Downstream investment in Western Europe
Moderator:
Ashutosh Shastri, Director, EnerStrat Consulting
Panel Members:
Katherine Hardin, Senior Director, CERA
Mikhail Ivanov, Partner - Oil & Gas Investments, Baring Vostok Capital Partners
Ricardo Puliti, Business Group Director - Energy & Natural Resources, EBRD
Section five: Investment perspectives
11:30 – 12:00
Keynote Address:
Insight into Europe’s green investing opportunities
Matt Brown, Senior Director - Head of European Power, CERA
12:00 – 12:45
Closing panel: The Top 5 global challenges facing energy-focused private equity investors
A panel of GPs, LPs, bankers and CEOs debate the challenges and opportunities for the industry.
Moderator:
Alex Msimang, Partner, Vinson & Elkins
Panel Members:
Thor Johnsen, Principal, Arcapita
Jeremy Leggett, Executive Chairman, Solarcentury
Tim Reid, Partner, MVision Private Equity Advisers
David Smith, Managing Director & Co-Head of Co-Investment Team, Capital Dynamics
12:45 – 14:00
Lunch
Close of Conference