Golden Era for Private Equity in Latin America: Dawn or Dusk?

Year after year, fundraising by private equity firms for Latin American investments grows dramatically – with a record US$10.3 billion raised in 2011, a 27% increase on 2010. However, the amount actually invested in the region was US$6.5 billion, a 10% decrease from 2010’s figure. So while there is certainly money to be invested, funds are finding it increasingly difficult to find good, reasonably safe and attractively priced targets in the region.

In this complex environment, the role of skilled counsel in helping their clients close deals becomes ever more important, as investments must be carefully facilitated and creatively structured. This, Latin Lawyer’s Third Annual Private Equity Conference, is designed to help counsel find their way through the various obstacles impeding the volume of transactions, and close more deals successfully. Join us in New York for this very popular and high-level conference, featuring some of the top names in the industry.

There will also be a cocktail reception held immediately after the conference in the same venue, hosted by our sponsor Curtis Mallet-Prevost, Colt & Mosle LLP.

Chaired by: Todd Crider, Simpson Thacher & Bartlett LLP

NEW SPEAKERS ANNOUNCED:

Alex Navab, Global co-chair of the investment committees, KKR

Ricardo Rodriguez, founding partner, Southern Cross

Nicolas Aguzin, CEO for JPMorgan Latin America

Alex Pellegrini, Apax Partners

Chair:

Todd Crider, Simpson Thacher & Bartlett LLP

Speakers:

Martín Acero, prietocarrizosa, Colombia

Cate Ambrose, President & Executive Director, Latin American Private Equity & Venture Capital Association

Erica Berthou, Debevoise & Plimpton LLP

Jon Bisgaier, BTG Pactual

Adam Emmerich, Wachtell, Lipton, Rosen & Katz, US

Jean Michel Enríquez, Creel, García-Cuéllar, Aiza y Enriquez, SC, Mexico

Manuel Garciadiaz, Davis Polk & Wardwell LLP

Luis González, Solórzano, Carvajal, González, Pérez, & Correa, Mexico

Francesca Odell, Cleary Gottlieb Steen & Hamilton LLP, US

Pablo Guerrero, Barros & Errázuriz, Chile

Frank Holder, FTI Consulting

Andrés Hoyos, Gómez-Pinzón Zuleta Abogados SA, Colombia

Fulvio Italiani, D’Empaire Reyna Abogados, Venezuela

Paulo Larraín, Noguera, Larraín & Dulanto - Abogados, Chile

Jose Orlando Lobo, Lobo & de Rizzo Advogados, Brazil

Guilherme Malouf, Machado Meyer Sendacz e Opice Advogados, Brazil

Francisco Müssnich, Barbosa Müssnich & Aragão Advogados, Brazil

Luis Nicolau, Ritch Mueller SC, Mexico

Marina Procknor, Mattos Filho, Veiga Filho, Marrey Jr. e Quiroga Advogados, Brazil

Alberto Rebaza, Rebaza Alcazar & De Las Casas, Peru

Paul Schnell, Skadden, Arps, Slate, Meagher & Flom LLP, US

Diego Serrano Redonnet, Perez Alati, Grondona, Benites, Arntsen & Martinez de Hoz (h), Argentina

Carolina Zang, Zang Bergel & Vines Abogados, Argentina

Golden Era for Private Equity in Latin America: Dawn or Dusk?

08.00 Registration, coffee and croissants

08.30 Welcoming remarks

Clare Bolton – Executive editor, Latin Lawyer
Todd Crider – Simpson Thacher & Bartlett LLP

08.45 Morning keynote

• Latin America: under–penetrated by private equity
• Prospects given global turbulence?
• Significant source of growth capital
• Sustained GDP growth opportunity
• Catalyst to efficient allocation of capital

09.00 The banking panel: Funding up and deal volume down: dawn or dusk?

Key bankers and fund managers focused on the region will consider:

• Data on recent fundraising and deal flow
• Deployed and committed funds for region: what it means for future transactional flow
• Brazil – improvements to access and cost of debt?
• Increasing government role and its effect on private equity?

Moderator: Todd Crider, Simpson Thacher & Bartlett LLP
Ricardo Rodriguez, Southern Cross
Nicolas Aguzin, JPMorgan
Alex Pellegrini, Apax Partners
Cate Ambrose, President & Executive Director, Latin American Private Equity & Venture Capital Association

09.45 Coffee break sponsored by Aguilar Castillo Love

10.10 The legal panel: in the deal kitchen

• Turning up the heat: Creative structures to bake the deal
• Recipes for non-control deals
• Add-on M&A adds spice
• Presentation counts: prepping for public exit

Moderator: Adam Emmerich, Wachtell, Lipton, Rosen & Katz, US
Luis Nicolau, Ritch Mueller SC, Mexico
Paulo Larraín, Noguera, Larraín & Dulanto - Abogados, Chile
Alejandro Linares, Gómez-Pinzón Zuleta Abogados SA, Colombia

11.10 Coffee break

11.30 Fund raising structures

• Cheat sheet on local fundraising
• Restrictions on public pension fund investing
• Update on Dodd-Frank

Moderator: Erica Berthou, Debevoise & Plimpton LLP
Luis González, Solórzano, Carvajal, González, Pérez, & Correa, Mexico
Marina Procknor, Mattos Filho, Veiga Filho, Marrey Jr. e Quiroga Advogados, Brazil
Pablo Guerrero, Barros & Errázuriz, Chile

12.30 Lunch sponsored by Gómez-Pinzón Zuleta Abogados

13.30 Afternoon keynote - Alex Navab, Global co-chair of the investment committees, KKR

• Prospects for private equity
• Importance of new markets

14.00 Post-YPF: whereto in regulated industries?

• Sovereign risk: here to stay?
• Managing FCPA in government-regulated industries
• Evaluating/moderating sovereign risk
• How to diligence?

Moderator: Paul Schnell, Skadden, Arps, Slate, Meagher & Flom LLP, US
Diego Serrano Redonnet, Perez Alati, Grondona, Benites, Arntsen & Martinez de Hoz (h), Argentina
Jean Michel Enríquez, Creel, García-Cuéllar, Aiza y Enriquez, SC, Mexico
Guilherme Malouf, Machado Meyer Sendacz e Opice Advogados, Brazil
Frank Holder, FTI Consulting, US

15.00 Coffee break sponsored by Aguilar Castillo Love

15.15 Brazil: protected economy, deficient infrastructure, over-taxed business, sclerotic courts, burdensome labour rules

• Broad ranging discussion looking at a long “To-Do” list for the Brazilian economy and addressing the challenges the “Brazil cost” of operating places on businesses. Has Brazil squandered reform opportunities during the seven years of fat cows? How to structure deals to make money in Brazil? Hidden treasure?

Moderator: Francesca Odell, Cleary Gottlieb Steen & Hamilton LLP, US
Jon Bisgaier, BTG Pactual
Jose Orlando Lobo, Lobo & de Rizzo Advogados, Brazil
Francisco Müssnich, Barbosa Müssnich & Aragão Advogados, Brazil

16.00 Discount buying opportunities – Venezuela, Argentina, Bolivia, Ecuador VERSUS Andean stability – Chile, Colombia and Peru

Risk in populist periphery:

• Multiples on companies
• Are some sectors less risky?
• How to turn risk into reward

Reward in Andean backbone:

• Stable expectations
• High prices
• Best sectors

Moderator: Manuel Garciadiaz, Davis Polk & Wardwell LLP
Martín Acero, prietocarrizosa, Colombia
Fulvio Italiani, D’Empaire Reyna Abogados, Venezuela
Alberto Rebaza, Rebaza Alcazar & De Las Casas, Peru
Carolina Zang, Zang Bergel & Vines Abogados, Argentina

17:30 Cocktail reception sponsored by Curtis Mallet-Prevost, Colt & Mosle

Speakers' dinner host:

Cocktail sponsor:

Lunch sponsor:

Refreshment breaks sponsor:

Supported by: