SEP 17 2015
Latin Lawyer 6th Annual Private Equity Conference
Organised by: Latin Lawyer • Event sponsorship
New York, USA
Thursday, 17 September 2015 at 08:00
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Tel: +44 20 3780 4183 • Fax: +44 207 229 6910
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[email protected]
Overview
Chaired by Todd Crider, Simpson Thacher & Bartlett.
Conference topics include:
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Adventures in Latin American private equity: An Introduction to the discussions
of the day
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Morning keynotes: Planning the expedition - knowing the terrain, the supplies
and the opportunities - current prospects for private equity in the region, based on
on regional M&A activity data and macroeconomic and sector prospects followed
by a data-filled survey report of the private equity industry in Latin America,
including legal and regulatory updates planned for this year
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The leaders of the expedition - the bankers’ panel - deal flow, knowing the
opportunities
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Never enter a saloon unless you know how to get out - structuring the
successful PE deal - mitigating risks, processes, structuring, and planning for exit
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Supplies to carry with you or sourcing from the land - comparing trends in
financing locally and internationally
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After the expedition, how to get the treasure home - avoiding tax
inefficiencies and detours
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Munitions - fund-raising and impact of volatility on returns and on future
prospects
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Hot topics affecting deal making in the region
Speakers
Chaired by:
Todd Crider, Simpson Thacher & Bartlett
Keynote speakers:
Jim Allen, Managing Director & Head of Latin American M&A, Morgan Stanley
Cate Ambrose, President and Executive Director, Latin American Private Equity & Venture
Capital Association (LAVCA)
Speakers:
Carlos Albarracín, Milbank, Tweed, Hadley & McCloy
Francisco Alvarez-Demalde, Founder and Partner, Riverwood Capital Partners
Paulo Cezar Aragão, Barbosa Müssnich & Aragão
Erica Berthou, Debevoise & Plimpton
João Busin, TozziniFreire
Guillermo Ferrero, Estudio Ferrero
Sergio Galvis, Sullivan & Cromwell
Pablo Guerrero, Barros y Errázuriz
Luis Nicolau Gutiérrez, Ritch, Mueller, Heather y Nicolau
Francisco Guzmán, Carey y Cía
Victor Hollender, Skadden, Arps, Slate, Meagher & Flom
Andrés Hoyos-Ramírez, Gómez-Pinzón Zuleta
Fulvio Italiani, D'Empaire Reyna
Carlos José Rolim de Mello, Machado, Meyer, Sendacz e Opice
Pablo Mijares Ortega, Mijares, Angoitia, Cortés y Fuentes
Francesca Odell, Cleary Gottlieb Steen & Hamilton
Arturo Perdomo J., Galicia
Lior Pinsky, Veirano
Marina Procknor, Mattos Filho, Veiga Filho, Marrey Jr. e Quiroga
Alberto Rebaza, Rebaza, Alcázar & de las Casas
Diego Serrano Redonnet, Pérez Alati, Grondona, Benites, Arntsen, & Martínez de Hoz (h)
José Andrés Romero, Brigard & Urrutia
Alejandro Santoyo, Creel, García-Cuéllar, Aiza y Enríquez
Juan Pablo Schwencke, Aninat Schwencke & Cía
Mateo Ugas, Vice President, Latin America Financing Group within the Investment
Banking Division of Goldman Sachs
Carolina Zang, Zang, Bergel & Viñes
Programme
8.00: Welcome coffee and registration
8.30: Chairs' welcome: Adventures in Latin American private equity
Todd Crider, Simpson Thacher & Bartlett
8.45: Morning keynotes: Planning the expedition - knowing the terrain, the supplies
and the opportunities
Jim Allen, Managing Director and Head of Latin American M&A at Morgan Stanley, will start
the day with a survey on the current prospects for PE in the region, based on the bank's
data on regional M&A activity and macroeconomic and sector prospects.
Cate Ambrose, President and Executive Director of the Latin American Private Equity &
Venture Capital Association, will follow Jim and provide a data-filled survey of the private
equity industry in Latin America, including looking at legal and regulatory updates planned
for this year – Does the oil prices swoon doom energy exporting nations across the region?
Will low prices kill expected benefits from Mexican energy reform? Will Brazil and
Petrobras’ woes throttle Brazilian prospects? Can the region escape the commodities
cycle? Will Chile drop off the top spot for most welcoming investment environment?
9.15: Session one: The leaders of the expedition - the bankers’ panel
Leading PE and M&A bankers will discuss the deal flow and opportunities in Latin America.
Including:
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Valuations - strategies for finding value
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How to cope with the Brazilian recession and devaluation of currency?
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What sectors and countries are the most appealing?
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What happens to funds that were invested in boom years?
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How to address exchange rate risk?
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Increased use of leverage to boost returns
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New opportunities for 2016
Moderator: Todd Crider, Simpson Thacher & Bartlett
Cate Ambrose, President and Executive Director, Latin American Private Equity & Venture
Capital Association (LAVCA)
Jim Allen, Managing Director & Head of Latin American M&A, Morgan Stanley
Francisco Alvarez-Demalde, Founder and Partner, Riverwood Capital Partners
Further speakers to be announced
10.00: Coffee break sponsored by Aguilar Castillo Love
10.30: Session two: Never enter a saloon unless you know how to get out structuring the successful PE deal
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Mitigating regulatory and foreign investment risks
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Navigating the competitive bid processes
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Dealing with minority investor interests
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Key points in joint venture structuring
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Planning for exit
Moderator: Sergio Galvis, Sullivan & Cromwell
Paulo Cezar Aragão, Barbosa Müssnich & Aragão
Guillermo Ferrero, Estudio Ferrero
José Andrés Romero, Brigard & Urrutia
Diego Serrano Redonnet, Pérez Alati, Grondona, Benites, Arntsen & Martínez de Hoz (h)
11.30: Coffee break sponsored by Aguilar Castillo Love
11.50: Session three: Supplies to carry with you or sourcing from the land comparing trends in financing locally and internationally
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Local market financing - when is it the right choice?
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How to make locally-denominated financing work in Brazil, Mexico, Chile,
elsewhere?
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Financing from abroad - the latest and safest structures
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Key documentary wrinkles for PE leveraged finance
Moderator: Carlos Albarracín, Milbank, Tweed, Hadley & McCloy
Arturo Perdomo J., Galicia
Lior Pinsky, Veirano
Mateo Ugas, Vice President, Latin America Financing Group within the Investment Banking
Division of Goldman Sachs
Francisco Guzmán, Carey y Cía
12.50: Networking lunch sponsored by Gómez-Pinzón Zuleta
14:00 Session four: After the expedition, how to get the treasure home - avoiding tax
inefficiencies and detours
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Key tax due diligence and structuring issues in PE deal making
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Effective tax structures in private equity deal-making from key jurisdictions
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Chart of key tax indicators across the region
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Friendly and unfriendly tax policies and structures around the region
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Brazil - how FIP structures should be used
Moderator: Victor Hollender, Skadden, Arps, Slate, Meagher & Flom
Andrés Hoyos-Ramírez, Gómez-Pinzón Zuleta
Carlos José Rolim de Mello, Machado, Meyer, Sendacz e Opice
Alejandro Santoyo, Creel, García-Cuéllar, Aiza y Enríquez
Juan Pablo Schwencke, Aninat Schwencke & Cía
15.00: Coffee break sponsored by Aguilar Castillo Love
15.20: Session five: Munitions - fund-raising and impact of volatility on returns and
on future prospects
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How to plot the most effective fundraising structures from country to country
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Raising enough funds for Mexico’s energy needs
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US investigation into fee structures of PE funds - how might that change the
industry?
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Locally-based funds - best structures and their advantages
Moderator: Erica Berthou, Debevoise & Plimpton
Marina Procknor, Mattos Filho, Veiga Filho, Marrey Jr. e Quiroga
Pablo Guerrero, Barros y Errázuriz
Luis Nicolau Gutiérrez, Ritch, Mueller, Heather y Nicolau
Alberto Rebaza, Rebaza, Alcázar & de las Casas
16.20: Session six: Hot topics affecting deal making in region
Exploration expeditions can be high risk/high return. Does that remain true of Latin
America? This panel will investigate some of the principal threats to even the best planned
expedition, including:
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What about local anti-corruption litigation? Interaction between US and local
regulators
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Analysis of Petrobras case in Brazil and US
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Is it time to return to Argentina? When Cuba?
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Risk of piercing the corporate veil in consumer and labour cases
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Sovereign risk - the killer that will not die
Moderator: Francesca Odell, Cleary Gottlieb Steen & Hamilton
Fulvio Italiani, D'Empaire Reyna
Pablo Mijares Ortega, Mijares, Angoitia, Cortés y Fuentes
João Busin, TozziniFreire
Carolina Zang, Zang, Bergel & Viñes
17.20: Chairs' closing remarks
17.30: Close of conference
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