SPONSORS - Private Equity Insights
Transcription
SPONSORS - Private Equity Insights
SPONSORS PLATINIUM DIAMOND 1/54 booklet1.indd 1 04/11/14 13:10 SILVER 2/54 booklet1.indd 2 04/11/14 13:10 Thanks to... PARTNERS AFFILIATED PARTNERS SPECIAL PARTNERS 3/54 booklet1.indd 3 04/11/14 13:10 EVENTS PARTNER ACADEMIC PARTNER ANALYTIC PARTNERS 4/54 booklet1.indd 4 04/11/14 13:10 ORGANIZERS Jakob Heiberg Project Director Joanne Chia Head LEAD COORDINATOR Erik Alexander H. Foss Team Lead for Students 5/54 booklet1.indd 5 04/11/14 13:10 booklet1.indd 6 04/11/14 13:10 FLOOR PLAN - table of contents - Ellehammer 1 08:45 - 08:55 Ellehammer 2 Opening the conference: Gregers Kronborg 08:55 - 10:00 Opening Panel: P.E. in the Nordics 10:30 - 11:30 Small/Mid Caps 12:00 - 13:00 LP Perspective 15:00 - 16:00 Deal Sourcing (p. 34) Lunch keynote: Allan Søgaard Larsen Mega Fund Perspective Operational Excellence (p. 37) TMT Investments (p. 45) Closing Keynote: Frank Fiskers CEO Perspective and its Owners (p. 25) (p. 11) Exit Routes (p. 40) 16:30 - 17:15 (p. 12) (p. 20) (p. 29) 14:00 - 14:30 (p. 10) Fundraising (p. 16) Heimdall (p. 49) (p. 11) 7/54 booklet1.indd 7 04/11/14 13:10 AGENDA 08:00 - 08:45 Registration & Breakfast 08:45 - 08:55 Opening of the Conference: Gregers Kronborg 08:55 - 10:00 Opening Panel: P.E. in the Nordics 10:00 - 10:30 Networking Break 10:30 - 11:30 Small/Mid Caps Fundraising 11:30 - 12:00 Networking Break 12:00 - 13:00 LP Perspective 13:00 - 14:00 Lunch Break 14:00 - 14:30 Lunch Keynote: Allan Søgaard Larsen CEO Perspectives and its Owners Deal Sourcing Operational Excellence Exit Routes TMT and Private Equity 14:30 - 15:00 Networking break 15:00 - 16:00 Mega Fund Perspective 16:00 - 16:30 Networking break 16:30 - 17:15 Closing Keynote: Frank Fiskers 17:15 - 18:00 Cocktail reception 8/54 booklet1.indd 8 04/11/14 13:10 booklet1.indd 9 04/11/14 13:10 KEYNOTES Opening of the conference: 08:45 - 08:55 Gregers Kronborg Chairman, DVCA General Partner Nothzone Gregers Kronborg is general partner of Northzone Ventures working out of the Copenhagen and London offices. Gregers Kronborg is responsible for investments in eCommerce/internet business models such as TrustPilot and Mojn/RTT, and in hardware related investments in Napatech and Asetek, that were both listed on Oslo stock exchange last year. Gregers also serves as chairman of the venture sector of DVCA. Prior to joining Northzone, Gregers has been a business angel, a successful technology entrepreneur (COCOM acquired by Cisco) and management consulting partner. Gregers holds a MsC in Engineering and a Bachelor BA. 10/54 booklet1.indd 10 04/11/14 13:10 Lunch keynote: 14:00 - 14:30 Allan Søgaard Larsen Group CEO, Falck Allan Soegaard Larsen joined Falck in 1990. By 2004, Allan had climbed to the very top of Falck, where he is currently president and CEO. Before his time at Falck, Mr. Larsen was a teacher at Randers Technical School, where after he joined Aarhus Sporveje to become a HR Consultant and later HR Manager. Prior to his working career, he took a Master’s degree in Nordic language and literature at Aarhus University. In addition to his position at Falck, Allan Larsen is on the board of directors of PensionDanmark Holding A/S, PensionDanmark A/S, Ambu A/S and the Central Board of the Confederation of Danish Industry. Closing keynote: 16:30 - 17:15 Frank Fiskers President & CEO, Scandic Hotels Frank Fiskers is since October 2013 President & CEO of Scandic Hotels, one of Europe´s largest hotel operators with currently 235 hotels in operation and development in seven countries and close to 13,000 employees. For the two years prior Frank was CEO of Coop/KF, Sweden. Prior to that he was a partner at Azure Property Group, London. In April 2007 Frank became CEO of Scandic Hotels as part of a private equity buy-out, a position he held until September 2010. For six years Frank was with Hilton as Vice President based in Frankfurt, Stockholm, London and Johannesburg. Before that he was for a number of years with SAS Hotels in various senior operational positions - latest as Vice President, Nordic Countries. 11/54 booklet1.indd 11 04/11/14 13:10 Opening Panel - P.E Performance Capturing Alpha in the Nordics Moderator: Bjarke Mikkelsen Executive Director - Nordic M&A, Goldman Sachs Investment Banking 12/54 booklet1.indd 12 04/11/14 13:10 Ellehammer 1/ Ellehammer 2 08:55-10:00 Mirja Lehmler-Brown Principal, Aberdeen Private Equity Mirja is a Principal in private equity within Aberdeen’s Alternatives Division. The private equity team manages in excess of £3.7bn in commitments on behalf of its clients. Since 2006, Mirja has helped the team refocus the investment strategy towards a proactive pure European buy-out strategy based on local networks. Mirja has formed strong relationships with many of the leading European private equity funds, particularly those in the Nordic and German-speaking regions, were she is the country partner. She sits on the advisory boards of a number of funds. Prior to SWIP (which was acquired by Aberdeen in April 2014), Mirja has previously worked for Goldman Sachs as an Executive Director responsible for a number of M&A, buyout and leveraged transactions. Prior to that she worked in the Investment Banking Division at Morgan Stanley. Mirja holds a Master of Science Degree in Economics and Business Administration from Stockholm School of Economics and Hochschule St. Gallen. She is fluent in Swedish, English and German. Henrik Kraft ´ Partner, Head of Nordic & European Technology & Communications Industry Team, KKR Henrik Kraft (London) joined KKR in 2006 and leads KKR’s KKRunications industry team in Europe within KKR’s Private Equity platform. Mr. Kraft is also responsible for the development of KKR’s activities in the Nordic countries. He has been actively involved with investments in Ambea, Alliance Boots, SBB/ Telemach, TDC, Versatel and Visma. Mr. Kraft currently serves on the boards of directors of SBB/Telemach, Versatel and Visma. Prior to joining KKR, Mr. Kraft was with Apax Partners in London focusing on technology and telecoms investments including TDC and Intelsat. Previously, he was a strategy consultant with Braxton Associates. Mr. Kraft holds a M.Eng. with first class honors from the University of Oxford. 13/54 booklet1.indd 13 04/11/14 13:10 Opening Panel - P.E Performance Anders Misund Partner, EQT Anders Misund joined EQT Partners in 2007 and is Head of EQT Partners in Norway. Anders graduated with a M.Sc in Business Administration from the Norwegian School of Economics and Business Administration majoring in finance, with exchange studies at the MBA program on the J.L. Graduate School of Management at Northwestern University. Prior to joining EQT Partners, Anders was at TH Global plc as Executive VP of M&A and Partner in a management buy-out. Prior to this, he was working with business development in Kværner ASA as Executive VP. Anders started his career in Corporate Finance at Alfred Berg. Directorships Current: XXL, Broadnet, Ventelo, Qinterra, NVCA. Previous: Board of Trustees, Kvaerner Pension Fund; TH Global PLC, Nordic Jetline Oy Jonas Nyquist Head of Buyout Fund Investment, Skandia Jonas is Head of Buyout Fund Investments at Skandia with a focus on US and European funds. Jonas joined Skandia from Arthur D. Little in 2008, where he previously worked for seven years on strategic advice to a variety of different clients, including private equity firms and portfolio companies. Jonas has M.Sc. in Chemical Engineering from The Royal Institute of Technology in Stockholm, and a B.Sc. in Business Administration and Economics. Jonas represents Skandia on various Advisory Boards. 14/54 booklet1.indd 14 04/11/14 13:10 Opening Panel - P.E Performance Lars Terney Partner, Nordic Capital Partner, NC Advisory A/S, advisor to the Nordic Capital funds. Joined NC Advisory A/S in July, 2008. Lars holds an MBA from J.L. Kellogg Graduate School of Management, Northwestern University and started his career at Boston Consulting Group in Chicago in 1994. He was one of the founders of BCG’s Copenhagen branch in 1998 and became Managing Partner for BCG’s Copenhagen office in 2001 and Senior Partner in BCG in 2007. Lars is the Chairman of Bladt Industries, a steel contractor for the offshore wind energy sector. He also serves on the boards of the leading sporting goods retailer chain SPORT-MASTER and as well as logistics company Unifeeder. Previously, Lars has been a board member of emergency and assistance service provider Falck, and also IT solutions and consultancy services EG. Tatiana Chopova Managing Director, Alplnvest Tatiana is a Managing Director in AlpInvest Partners’ Fund Investments team and focuses on the European market. She joined AlpInvest Partners in 2003 from McKinsey & Co., where she was a Consultant, based in Moscow and Brussels, advising multinational companies on strategic and financial issues. Previously, she worked at Credit Suisse First Boston. Tatiana received a BS, with first-class honors, from the University of Bristol and an MBA from INSEAD. She represents AlpInvest Partners on various Advisory Boards. 15/54 booklet1.indd 15 04/11/14 13:10 Small/Mid Caps How to select the best deals and deliver superior returns in the Small-Mid market? Moderator: Gert Sigh Christensen Partner - Head of M&A Denmark, EY Gert is partner in the Transaction Advisory Services team and is heading EY’s M&A/Lead Advisory practice in Denmark (previously as head of the former KPMG M&A-team since end of 2009). Gert has 15 years of experience in advising on M&Atransactions and has managed a large number of M&A-transactions, including acquisitions, disposals, mergers, corporate carve-outs, capital raising and private equity buy-outs. Gert joined the former KPMG (now Ernst & Young) in 2000. During the period 2006-2007, Gert relocated to the Australian KPMG M&A-team and participated in advising a number of US and Australian-based corporates and private equity funds in regards to M&A-transactions. Before joining the former KPMG, Gert worked at Handelsbanken Investment Banking and Nykredit Markets. Education: MSc in Finance and Accounting from Copenhagen Business School. 16/54 booklet1.indd 16 04/11/14 13:10 10:30-11:30 Ellehammer 1 Steffen Thomsen Partner - Head of Danish Investments Team, Adelis Equity Prior to joining Adelis, Steffen was a partner at 3i Nordic where he was responsible for buyout activities in Denmark. Steffen joined 3i in 2001, became partner in 2007 and was Head of the European Private Equity Portfolio from 2010 to 2012. Prior to joining 3i, Steffen was on the corporate finance team at Deloitte & Touche in London and Copenhagen. Steffen is also a CPA. Steffen was a member of the board at Damcos and Scandlines and interim CFO at three 3i portfolio companies. Tore Rynning-Nielsen Senior Partner & Co-Founder, Herkules Capital Tore Rynning-Nielsen co-founded Herkules Private Equity Fund in 2003. Mr. Rynning-Nielsen is responsible partner for investments in Hatteland Display and Norsk Jernbanedrift. ´ Mr. Rynning-Nielsen has more than 25 years of international corporate finance experience, including as a principal, an advisor and an investor. In 1999 he founded the private education company B+W Learning Systems AS. Mr. Rynning-Nielsen has also held positions as managing director of Enskilda Securities’ Norwegian operations and as senior vice president and treasurer of Holberg Industrier Inc. in Greenwich, Connecticut. From 1985 to 1988, Mr. Rynning-Nielsen worked at Merrill Lynch Capital Markets in New York, responsible for origination of fixed income instruments for clients in Europe and Asia. Mr. Rynning-Nielsen is a member of the Board of Overseers at the Tuck School of Business at Dartmouth College. Mr. Rynning-Nielsen holds a BBA magna cum laude degree from the University of Massachusetts, Amherst and an MBA degree from the Tuck School of Business at Dartmouth College. 17/54 booklet1.indd 17 04/11/14 13:10 Small/Mid Caps Jan Johan Kühl Managing Partner, Polaris Private Equity Jan Johan Kühl joined Polaris as managing partner in April 2007. Prior to joining Polaris, he was a Group Director at Icopal, where he started in 2000. He was previously CEO of Monarflex (1995-2000), Project Manager with strategy consultants Aarsø Nielsen & Partners (1993-1995) and Equity Analyst with Gudme Raaschou Investment Bank (1989-1993). Peter Thorlund Haahr Partner, Via Venture Partners Peter has a successful track record of building and exiting companies. He has been involved in numerous investments, focusing on operational development, international expansion and exits. He has more than 10 years of experience from consultancy, investment banking, venture capital and private equity. Prior to joining Via Venture Partners, Peter was with Seed Capital Denmark where has was in charge of a number of noteworthy investments. In addition Peter has held non-executive board of director positions in more than a handful of companies. Peter has furthermore worked for Nordea Markets, the Danish Ministry of Finance, and PLS Consult (now Rambøl Management). He holds a M.Sc. in Economics from University of Aarhus and a M.Sc. in Finance from Warwick Business School (UK). 18/54 booklet1.indd 18 04/11/14 13:10 10:30-11:30 Ellehammer 1 Thomas Svenningsen Managing Director, Greystone Capital Thomas Svenningsen founded Greystone Capital A/S in 2007 together with the family owned consortium Clipper Group. Since its foundation Greystone have invested in a number of small and midsize companies and had several exits nationally and internationally. Thomas Svenningsen has more than 15 years experience in the venture and private equity industry and was a partner at Dansk Kapitalanlæg before establishing Greystone Capital. Thomas Svenningsen has been an chairman and boardmember in different medium sized companies though an active hands on investment approach. From 1988 to 1999 Thomas Svenningsen worked at A.P Møller-Mærsk and he holds an MBA from Henley. ´ 19/54 booklet1.indd 19 04/11/14 13:10 Fundraising How to fundraise in the current climate? Moderator: Matthew Judd Partner, Ropes & Gray Matthew Judd is a partner in Ropes & Gray’s private investment funds group in London and has 20 years’ experience in UK and European funds formation. Matthew joined the firm in February 2012, having previously been head of the global investment funds practice of a leading US firm, and a partner in the Private Funds group of a Magic Circle firm. Matthew advises in relation to the structuring and establishment of private equity, real estate, infrastructure, and credit funds, private equity secondaries and carried interest and co-investment arrangements. 20/54 booklet1.indd 20 04/11/14 13:10 10:30-11:30 Ellehammer 2 Arne Trondsen Senior Partner, Business Development, HitecVision Mr. Trondsen, Senior Partner and Business Development, joined the HitecVision team in 2008. He joined from Argentum Fondsinvesteringer AS , the Norwegian State’s PE fund investor managing approximately NOK 10 billion under management, where he was Chief Investment Officer. His work experience includes management consulting with McKinsey & Co. and Boston Consulting Group in London, as well as experience from direct and PE fund investments. Mr. Trondsen has a degree in economics and an MBA from Nortwestern University, USA. Klaus Bjørn Rühne Partner, ATP Private Equity Partners Mr. Klaus Rühne joined ATP Private Equity Partners in 2003, and is Partner. He received an Msc in Economics from Copenhagen University, Denmark and has over a decade of experience in corporate finance, and equity research from Danske Bank, and SEB Enskilda Securities in Copenhagen, Stockholm, and London. He serves on the Advisory Board of the following funds: Archer Capital V, Charlesbank VII, Clarus Lifesciences II, EQT IV, First Reserve X, Gresham III & IV, New Leaf Ventures II, Shamrock Capital Growth II & III, and Seed Capital I & II. 21/54 booklet1.indd 21 04/11/14 13:10 Fundraising Frode Strand-Nielsen Managing Partner & Founder, FSN Capital Mr Strand-Nielsen has entrepreneurial, strategy and M&A experience from Arkwright and Bain & Co. Prior to founding FSN Capital in 1999, Mr Strand-Nielsen was a founding Director and the Chairman of the Executive Committee of Arkwright. Arkwright is a corporate advisory firm specialising in strategy consulting and M&A work. The firm had 120 professionals located in five offices; London, Paris, Hamburg, Stockholm and Oslo. Before Arkwright Mr Strand-Nielsen was a Manager with Bain & Co, London. Mr Strand-Nielsen holds a B.A. from Simon Fraser University, Vancouver, BC and an MBA from Harvard Business School. Stefan Linder Partner, Altor Equity Partners Stefan joined Altor as Partner in 2004 and had previously worked for seven years at Industri Kapital, responsible for private equity investments in Sweden and Finland. Prior to that, he worked in the Investment Banking Division of Morgan Stanley in London. Stefan is a Swedish national and holds a MSc in Economics and Business Administration from Stockholm School of Economics, where he was awarded a scholarship to the MBA program of Stern School of Business, New York University. Stefan is currently a member of the boards of Apotek Hjärtat, Byggmax, CTEK and Dustin. He has also been deeply involved with Altor’s realized investments in EuroCater and Meyn as well as with Altor’s fundraising activities. 22/54 booklet1.indd 22 04/11/14 13:10 10:30-11:30 Ellehammer 2 Sven Lidén CEO, Head of Investor Relations, Adveq Management ´ Sven Lidén is Adveq’s CEO and Head of Investor Relations and Marketing. He is responsible for the coordination of all investor related activities. He is also a member of Adveq’s Management Committee. Before joining Adveq in 2011, Sven worked for 10 years at Man Investments, most recently as the Head of Product Strategy and Business Development. Prior to that he was a member of the Executive Management Team at RMF which focuses on institutional fund of funds operations at Man Investments. At RMF he acted as the Head of Business Development and Client Services, the Head of Portfolio Management and the Head of Global Leveraged Finance. Before joining RMF in 2001, Sven was a Co-Head of Swiss Re’s Central and Eastern European activities and prior to that he built up Lidén & Denz, Russia’s leading language school. Sven holds two Master’s degrees from the University of St. Gallen, Switzerland, one in Management and one in Political Science. He is also a Management Coach, certified by the Tavistock Institute in London, UK. 23/54 booklet1.indd 23 04/11/14 13:10 booklet1.indd 24 04/11/14 13:10 CEO Perspective and its owners What are the key stategies in boosting company performance to deliver top tier returns? Moderator: Kai Hammerich Senior Client Partner, Global Technology Market Kai is based in the firm’s London and Copenhagen offices where his focus is on further expanding the company’s integrated capabilities in the Nordics, working closely with colleagues across the region and the globe. Prior to joining Korn Ferry, Kai led the European Leadership & Succession Practice for a global executive search firm, working extensively with C-suite executives and board members at major Nordic, European and global technology clients. Before this Kai led the European and Global Technology Sector and was instrumental in establishing its presence in the Nordic region. He has considerable experience in advising clients on how to align a company’s talent portfolio with the overall business strategy and company culture. Previously, Kai worked for Apple Computer as the UK Regional Marketing Director, based in London, and as EMEA Marketing Manager for the Education Business Unit based in Paris. Before that, he held various sales and marketing management positions at Apple Computer and Hewlett-Packard in Denmark. Kai received his MBA from Northwestern University, Kellogg Graduate School of Management and his MSc in Economics from the University of Aarhus, Denmark. He is fluent in Danish, English, Swedish and Norwegian. Kai is a published author and distinguished thought leader, co-authoring a book called “Fish Can’t See Water”, on how national culture impacts organisational and business success. 25/54 booklet1.indd 25 04/11/14 13:10 10:30-11:30 Heimdall Elina Björklund CEO, Reima Oy Elina Björklund was appointed CEO of Reima Oy in 2012. Reima is the leading Nordic functional kids wear brand currently owned by Riverside, the US based private equity investor. Prior to joining Reima, Elina was Partner and Director of Management Consultancy B&B Advisors in Shanghai, China. Prior to this her working history included executive roles in companies Fiskars Plc and Iittala Group. She started her career in banking and held a position of Chief equity analyst and Deputy Managing Director of Merita Securities (currently Nordea) between 1996-1999. Elina has had several positions of trust throughout her career including Marimekko Plc and Finnair Plc. She holds a M.Sc (Economics) from the Helsinki School of Economics and Business Administration. She has also attended the MBA Finance Programme at the City University Business School in London and studied in International Design Business Management pro –programme at the Aalto University in Helsinki. Torben Frigaard Rasmussen Former CEO, e-conomic Torben is a Special Operating Director at HgCapital, the #1 investor in technology growth buyouts across Europe over the last 15 years. Torben joined HgCapital in 2014, having spent nearly six years as CEO at e-conomic, a HgCapital portfolio company. He has a 20 year track record in the SME software and online sector, working to build businesses in Europe and across the USA. In addition, Torben is Chairman of a number of companies: Vinens Verden, Worldticket, Kofoed&Co and esoft a/s. He is also a member of the board at Fyens Stiftstidende and the advisory board at Danish National Growth Fund/Vækstfonden. 26/54 booklet1.indd 26 04/11/14 13:10 CEO Perspective and its owners Per Thau CEO, Dagrofa A/S Per Thau became CEO of Dagrofa in November 2013. From 2010 to 2013, he assumed responsibilities as Purchasing and Category Director at Dagrofa. Before he came to Dagrofa, he was a Director at Kvickly at Coop Denmark. From 1997 to 2006 he was the Sales Manager, Category Manager and Group Manager at Unilever. Per has an MSc in International Marketing and Management from the University of Southern Denmark (1997), and BA in Marketing from the University of Newcastle (1994). Per attended the Prince’s Life Regiment from 1990 to 2005 where he ranked as a Reserve Officer. Per’s hobbies include: Sailing, swimming, running, mountain biking and skiing. Frank Fiskers President & CEO, Scandic Hotels Frank Fiskers is since October 2013 President & CEO of Scandic Hotels, one of Europe´s largest hotel operators with currently 235 hotels in operation and development in seven countries and close to 13,000 employees. For the two years prior Frank was CEO of Coop/KF, Sweden. Prior to that he was a partner at Azure Property Group, London. In April 2007 Frank became CEO of Scandic Hotels as part of a private equity buy-out, a position he held until September 2010. For six years Frank was with Hilton as Vice President based in Frankfurt, Stockholm, London and Johannesburg. Before that he was for a number of years with SAS Hotels in various senior operational positions - latest as Vice President, Nordic Countries. 27/54 booklet1.indd 27 04/11/14 13:10 10:30-11:30 Heimdall Lars Bo Jeppesen Group CEO, Dentsu Aegis Network Lars Bo Jeppesen was appointed CEO of Dentsu Aegis Network Nordics, Central & Eastern Europe (NCEE) in August 2014. Prior to his regional role Lars Bo Jeppesen was CEO of Dentsu Aegis Network in Denmark since 2006 and Nordic CEO since 2013. Worldwide, Dentsu Aegis Network is Innovating the Way Brands Are Built for its clients through its best-in-class expertise and capabilities in media, digital and creative communications services. The group consists of a number of digital, media and marketing agencies including Carat, Vizeum, iProspect, Isobar, Posterscope and psLIVE. There are 3000 full time employees in the 18 markets of the NCEE region. Before joining Dentsu Aegis Network, Lars Bo Jeppesen, who has a master degree in economics and marketing, founded the first sponsorship consultancy company “Promovator” in Denmark in 1998. The company was sold to Aegis plc (now Dentsu Aegis Network) in 2002 and today operates under the name “psLIVE”. Furthermore he worked for Carlsberg, TDC, Danske Bank, Velux, Lego and SAS on maximising the return on their sponsorship investments. 28/54 booklet1.indd 28 04/11/14 13:10 LP Perspective Where are the big opportunities for investment in the Nordics (vs. rest of Europe), and why now? Moderator: John L. Pitts Managing Director, Forbes Private Capital Group John Pitts is based in London, and is responsible for raising capital from institutions and family offices in Europe. Prior to joining FPCG, Mr. Pitts successfully raised capital for alternative investment strategies for Teragon Capital, a European private placement firm. From 2002 to 2007, he was a Senior Portfolio Manager and Co-Director for U.S. equity long/short strategies at Cheyne Capital, a London-based multi-strategy hedge fund. Prior to Cheyne, Mr. Pitts was Head of Trading for the entrepreneurial investment bank W.R. Hambrecht & Co. He began his career in 1995 as a Senior Equity Trader at Hambrecht & Quist in San Francisco. He graduated with a B.A. in Political Science and Business Administration from the University of California, Los Angeles. 29/54 booklet1.indd 29 04/11/14 13:10 12:00-13:00 Ellehammer 1 Espen Langeland Head of Primary investments, Argentum Espen Langeland is an Investment Director and heads up the firm’s activities in the primary market. He joined Argentum in 2003 from the investment banking division of HSBC, where he was part of the Nordic M&A team. Espen holds an MSc in Economics and Business Administration from the Norwegian School of Economics and the Stockholm School of Economics. Nathalie von Niederhaeusern Managing Director, BlackRock Private Equity Partners Nathalie von Niederhaeusern, Managing Director, is a member of the BlackRock Private Equity Partners (PEP) group within BlackRock Alternative Investors. Ms. von Niederhaeusern has more than 15 years of experience in the private equity and corporate finance industry. She started her career in 1997 at Zurich Financial Services, Switzerland, in the Mergers & Acquisitions department, focusing on the life and non-life insurance sectors. In 1999, she joined Swiss Re, Switzerland, focusing on the company’s strategic, long-term investments in the insurance industry. As from 2001, she worked for Swiss Re’s Private Equity Fund of Funds unit, where she was responsible for investments in European and US based private equity fund managers. In 2005, she moved to New York, United States, to establish the North American presence of the unit. Prior to joining BlackRock Private Equity Partners, Ms. von Niederhaeusern was Head Private Equity and Investment Monitoring and member of the Investment Committee at Swiss Re Private Equity Partners. Ms. von Niederhaeusern holds a Master Degree in Business Administration from the University of Bern, and is a CFA and CAIA charterholder. 30/54 booklet1.indd 30 04/11/14 13:10 LP Perspective Helen Steers Partner, Pantheon Helen Steers, Partner ( joined 2004, 25 years of private equity experience) Helen leads Pantheon’s European primary investment activity and chairs the European Investment Committee. Helen is also a member of the International Investment Committee and the Co-investment Committee. Helen joined Pantheon in 2004 from Russell Investments in Paris, where she was Managing Director with overall responsibility for private equity in Europe. Prior to joining Russell in 1999, Helen spent five years as Director, European Private Equity with the Caisse de dépôt et placement du Québec. From 1989 to 1994, Helen was a senior investment manager at the Business Development Bank of Canada in Montréal. Helen received a BA and an MA in engineering from the University of Cambridge and an MBA from the University of Western Ontario in Canada. Helen, who is bilingual in English and French, is based in London. 31/54 booklet1.indd 31 04/11/14 13:10 12:00-13:00 Ellehammer 1 Dan Kjerulf Partner, Danske Private Equity Dan has 28 years of experience in legal matters relating to private equity and other financial transactions and has been responsible for negotiating and structuring terms and conditions governing all portfolio investments in the Danske PEP I-V funds-of-funds. Furthermore, Dan serves on the LP Platform Council of the European Private Equity and Venture Capital Association (EVCA) and has served on the Legal Affairs Committee of the Danish Venture Capital and Private Equity Association. Dan’s focus on negotiating and drafting commercially minded contractual relationships ensures an ongoing alignment of interest between Danske Private Equity, its investors and portfolio funds. Before joining Danske Private Equity, Dan was Head of the Legal Section in Danske Securities Corporate Finance, where his duties included due diligence on and monitoring of equity fund investments made by the Danske Bank Group, and advising clients on a range of transactions involving private equity funds. Prior to heading the legal section of Danske Securities, Dan held various legal positions within Danske Bank (HandelsBanken). Dan holds a masters degree in law from the University of Copenhagen. 32/54 booklet1.indd 32 04/11/14 13:10 booklet1.indd 33 04/11/14 13:10 Deal Sourcing Where to source for superior returns? Moderator: Lisa Wright Managing Director, Bureau Van Dijk Lisa has been working in the information industry for over twenty years and has a detailed knowledge of both company financial information and M&A data. She holds a post graduate qualification in Business and Management from Salford University and in 2013 also sat and passed the Certified Merger & Acquisition Advisor (CM&AA) certification programme for Mid-Market M&A Advisors operating in the US market. Lisa Wright joined Zephus.com, a provider of M&A data, as Commercial Director in 2001 to manage the transition of its original business model from free to fee paying and to seek new revenue streams. Part of this transition was Lisa’s instigation of discussions with Bureau van Dijk (BvD), the leading publisher of global business information, regarding a co-published analytical M&A information product, Zephyr, which was successfully launched 2002. When the opportunity arose for BvD to acquire Zephus, Lisa participated in the sale process. Lisa is now BvD’s managing director for M&A products globally and oversees the research process for Zephyr. She is BvD’s product expert in Global M&A and acts in an advisory role to the group’s sales teams worldwide. 34/54 booklet1.indd 34 04/11/14 13:10 12:00-13:00 Ellehammer 2 Dr. Ralf Gleisberg Partner, Akina Partners Ralf is a Partner at Akina who advises funds of funds and direct investment programs, investing mainly in small and mid-sized companies in Europe. He is responsible for advising on fund investments in the Benelux and the Nordic countries and is a member of the advisory board of several private equity funds. He has been instrumental in setting up the portfolio monitoring for the company’s advised investment vehicles. Before joining the company, Ralf worked at Lombard Odier Group in Zurich and Paris, spending four years in the Corporate Finance team. His experience includes transactions such as going publics, capital increases, restructurings, public tender offers and private buy- and sell-side M&A transactions. Prior to Lombard Odier, Ralf spent three years at Dresdner Bank rotating through various divisions of the bank in Stuttgart, Frankfurt and Hong Kong. Ralf holds a Doctorate in Finance from Basel University and a Masters Degree in Economics acquired at Freiburg University and the University of Michigan. He is fluent in German, English and French. A German / Swiss national, Ralf is married and has three children. Ola Nordquist Head of Nordic, Permira Ola is Head of Permira’s Nordic office. He has worked on a number of transactions including TDC and Pharmaq. Prior to joining Permira in 2005, Ola worked in London at Apax Partners on a number of buy-outs specifically covering the Nordic region and in M&A at Lehman Brothers. Previously, he was a Manager in the Strategy Division at Andersen Consulting (now Accenture) in Washington DC. Ola has a Masters in Economics from the Gothenburg School of Economics and Commercial Law, Sweden, and an MBA from Harvard Business School, USA 35/54 booklet1.indd 35 04/11/14 13:10 Deal Sourcing Mads Ditlevsen Director, EQT Mr. Mads Ditlevsen joined EQT Partners in January 2004. He has since then been based in both Copenhagen and Hong Kong, where he worked for the EQT Greater China fund. He currently serves as a board member of Atos Medical and Færch Plast. He was also part of the deal teams on the Contex, IHI, CaridianBCT, Dako, Tiger and Qinterra transactions. Mr Ditlevsen holds a M. Sc. in Finance and Accounting from Copenhagen Business School and Case Western Reserve University, Ohio. He is also engaged with Copenhagen Business School, where he acts as supervisor and examiner on M. Sc. dissertations. Jørgen Kjærnes Managing Partner, Cubera Private Equity With 24 years private equity experience, Jørgen is one of the most experienced Nordic managers. His experience spanning from bank Investment Director, family office CEO and partner at a Private Equity fund. As appointed Managing Partner, he established the Norwegian fund-of-funds Argentum in 2002 and left in 2006 to establish Cubera Private Equity, the leading player within Nordic Secondary. Jørgen holds a M.Sc. (IndEc) from the University of Linköping. 36/54 booklet1.indd 36 04/11/14 13:10 Operational Excellence What are the key techniques to ensure maximum value creation and deliver top-tier value for the portfolio companies? Moderator: Michael Diné Nordic Head of Operational Turnarounds & Restructuring, EY Michael is specialized in turnaround and restructuring situations mainly with a strategic and operational focus. He has successfully carried out several turnarounds for private equity clients, private owners and corporates as well as restructuring initiatives mainly for banks and investors. His core industry sector knowledge is with retail & consumer products, installation, hightech manufacturing and mobile operators. Prior to joining EY in 2011, Michael has been a Partner with other Strategy & Management Consulting Firms and held leading positions within corporates like IKEA. He holds a degree in International Trade Law from the University of Lund and corporate MBA program from INSEAD/LBS. 37/54 booklet1.indd 37 04/11/14 13:10 12:00-13:00 Heimdall Pontus Pettersson Principal, Cinven Pontus joined Cinven in 2011 and is a member of the Industrials sector team. He has been involved in a number of transactions including CeramTec and Prezioso. Previously, Pontus was a Principal at KKR & Co in London, Tokyo and Menlo Park, where he worked on a number of deals. Prior to this, he worked at Altor Equity Partners in Stockholm. ACO Hud, Ferrosan, and Lindorff Group are among the investments on which Pontus worked. Pontus started his career at Goldman Sachs. Pontus has a BA in Politics, Philosophy and Economics from Oxford University and an MBA from the Stanford University Graduate School of Business. Felix Ackermann Partner, Evoco Felix is a co-founder of Evoco. He has 17 years of professional experience in private equity and operating turnaround management, respectively consulting. Felix was a co-founder of Rhino Partners in 2007 where he led the buyout and buy-and-build of Seniocare to a EUR 80 million company on behalf of Rhino Partner’s clients. He was part of the team that established 3i in Switzerland between 2000 and 2006 and has invested in several companies across industries and stages of development. Prior, he was with Helbling Management Consulting where he led cross-border turnaround and interim management engagements. He holds a MSc as mechanical engineer of the Swiss Federal Institute of Technology Zurich (ETH) and a Bachelor of Swiss Federal Institute of Technology Lausanne (EPFL). Felix is a board member of Solarwatt GmbH and De Martin AG. 38/54 booklet1.indd 38 04/11/14 13:10 Operational Excellence Juan de Ochoa Managing Director - European Portfolio, KKR Capstone Juan de Ochoa (London) joined KKR Capstone in 2011 as European Procurement Head. Currently Mr. de Ochoa leads performance improvement efforts across the European portfolio with a particular focus on Manufacturing, Supply Chain, Procurement and Turnarounds. Prior to joining KKR Capstone, Mr. de Ochoa was a Director at AlixPartners, specializing in procurement and supply chain. Before that he was general manager and primary shareholder of an Automotive Tier II supplier specializing in injection moulding with plants in Spain and Slovakia. He holds a Bachelor’s Degree in Economics and Business Administration from the Université Catholique de Louvain (Belgium) and specialized training courses in Operations. Mr. de Ochoa is fluent in Spanish, English and French. Christoffer Sjøqvist Managing Director, CVC Capital Partners Christoffer joined CVC’s Nordic team in March 2006, and has since then been involved with the firm’s investments in Post Danmark, Ahlsell and Matas, serving as a member of the board of Matas until its IPO in June 2013. Prior to CVC, Christoffer worked at Warburg Pincus and Lazard Private Equity, starting his career at Goldman Sachs as an M&A banker in both London and Asia. He is a graduate of the London School of Economics. Christian Jarnov Investment Advisory Professional - Head of Danish Investments, Triton Prior to joining, Christian was most recently a Director at Nordic Capital, where he spent seven years. Previously, he was an Associate at McKinsey in Copenhagen. Christian has an MSc in Engineering from the Danish Institute of Technology. 39/54 booklet1.indd 39 04/11/14 13:10 Mega Fund Perspective Is mega back? Where are the opportunities for mega deals in the Nordics? Moderator: Yves Lacroix Partner Yves Lacroix is a partner in the private equity & real estate practice of Arendt & Medernach, where he specialises in investment funds formation work, advising domestic and foreign clients in matters relating to the structuring and operation of Luxembourg investment funds, including contracts, company law, securities services matters and investment funds operating arrangements, with a specific focus on private equity, opportunistic real estate and alternative asset classes. He is a member of the Luxembourg Bar. Yves Lacroix also worked several years as a senior legal officer for a major bank in Luxembourg, where he was in charge of the legal affairs concerning the structuring, operation and administration of investment funds as well as compliance matters regarding the fund business of the bank. He is a member of the legal committee of the Association of the Luxembourg Fund Industry Association (ALFI). Yves Lacroix holds a Master’s degree in law from the Université de Liège (Belgium). Languages: English and French. 40/54 booklet1.indd 40 04/11/14 13:10 15:00-16:00 Ellehammer 1 Sachin Tulyani Partner - CFA, Adams Street Partners Sachin is a member of Adams Street Partners’ Direct Investment Team with a specific focus on growth equity and buyout co-investments. He is a Partner serving on the Direct Investment Committee with responsibility for Europe, Asia & other emerging markets. Adams Street Partners has been co-investing alongside GPs for the past 25+ years and the co-investment platform comprises of dedicated funds (in process of raising fund 3) as well as an allocation to their global fund of funds. Robin Marshall Managing Director, Bain Capital Robin Marshall joined Bain Capital in 2009 and is a Managing Director. Prior to joining Bain Capital, he was a Partner at 3i where he completed transactions in the healthcare, business services, and consumer sectors. Robin was the founding partner of 3i’s US Private Equity business and prior to that was a Managing Director of 3i’s UK business. Previously, he was with McKinsey & Company and Procter & Gamble. Robin received his Master’s Degree from the University of Glasgow. He was also a post-graduate Thouron Fellow at the University of Pennsylvania. 41/54 booklet1.indd 41 04/11/14 13:10 Mega Fund Perspective Leif Lindbäck Partner, Charterhouse Leif Lindbäck joined Charterhouse in 2013. He previously spent eleven years at Blackstone in London, where he was a Managing Director and participated in numerous investments across sectors on a pan-European basis. Prior to this, he worked for Morgan Stanley within its Private Equity Group. He received a Master’s Degree in Finance from the ESCP-EAP European School of Management. He is fluent in English, French and Norwegian. Daniel Zilberman Managing Director, Head of European Financial Services and Special Situations Groups Daniel Zilberman is a Partner based in London, and leads Warburg Pincus’ European Financial Services and Special Situations groups. Since joining Warburg Pincus in 2005, Mr. Zilberman has led and completed investments in various financial services related sectors including banks, insurance companies, asset/wealth managers, consumer finance companies, leasing companies, broker dealers and service providers to the financial services industry. He is currently a board member of Aeolus Re Ltd., Primerica Inc., Santander Consumer USA, The Mutual Fund Store and Santander Asset Management. Prior to joining Warburg Pincus, Mr. Zilberman worked at private equity firm, Evercore Capital Partners and investment bank, Lehman Brothers. He received a B.A. in International Relations from Tufts University and an M.B.A. in Finance from The Wharton School at the University of Pennsylvania. 42/54 booklet1.indd 42 04/11/14 13:10 Ellehammer 1 15:00-16:00 Michael Bruun Managing Director, Goldman Sachs Merchant Banking Division Michael is a Managing Director in the Merchant Banking Division (MBD) in London, responsible for corporate investing in Scandinavia. He has been with MBD since 2010 and has worked in both London and New York. Previously, Michael was an associate in the Nordic Mergers & Acquisitions team in the Investment Banking Division (IBD). He joined Goldman Sachs in 2004 as an analyst in the Fixed Income, Currency and Commodities Division and transferred to IBD in 2005. He became a vice president in 2010 and was named managing director in 2013. Michael earned a BA in Economics from the University of Copenhagen in 2002 and an MSc in Economics from University of Copenhagen and Cornell University in 2004. ups 43/54 booklet1.indd 43 04/11/14 13:10 booklet1.indd 44 04/11/14 13:10 Exit Routes How to select and execute the perfect exit strategy to maximise returns? Moderator: Merlin Piscitelli Director - Sales, Merrill DataSite, International Merlin leads a high performing sales organisation at Merrill DataSite – the premier virtual data room solution that acts as a due diligence platform to manage sensitive and confidential information. He operates out of the European headquarters in London since 2006 and has been a key contributor in driving the business forward with consistent as well as exponential growth. Merlin has played an instrumental role in formulating the growth strategy in the EMEA region whilst actively feeding into the product development roadmap with continuous improvements. He oversees a team of sales executives in London whilst covering a wide client base across United Kingdom, Nordic region, Russia (CIS), India and Africa/ South Africa. He is also a member of the Merrill Corporate Initiative and Management team, where he advises on the go-to-market plan for establishing integrated cross-selling opportunities across other product lines at Merrill Corporation. Overall he comes with more than 17 years of experience growing companies, building teams and exceeding expectations. His experience has primarily been in Software, SaaS, Cloud based (ASP) technologies and services. He holds a BS degree in Marketing from Florida State University. 45/54 booklet1.indd 45 04/11/14 13:10 15:00-16:00 Ellehammer 2 Henrik Lundh Senior Investment Manager, Ratos Henrik is Senior Investment Manager at Ratos, which he joined in 2007. Between 2000 and 2007 he was founding partner at small-cap M&A advisor Keystone Advisers in Stockholm. He started his career at Warburg Dillon Read’s M&A execution team in London in 1998. Henrik holds a Master of Science degree in Economics and Business from Stockholm School of Economics and NYU Stern School of Business. Joachim Ogland Senior Partner - Head of Nordic, BC Partners Joachim joined BC Partners (London) in 2003 and is responsible for the firm’s investment activities in the Nordic region. He has been actively involved with investments in Office Depot, Foxtons, Dometic, Teknon and BDR Thermea and he currently serves on the boards of Com Hem and Nille. Prior to joining BC Partners, Joachim spent two years at Morgan Stanley Capital Partners in London working on growth capital and leverage buy-out investments across Europe. Prior to business school, he spent two years at McKinsey & Co in Oslo and consulted clients in media, telecom, financial services and retail sectors. Joachim holds an MBA from Harvard University and a BSc in Mechanical Engineering from Massachusetts Institute of Technology (MIT). 46/54 booklet1.indd 46 04/11/14 13:10 Exit Routes Klaus Thune Managing Director, JP Morgan Mr. Thune has worked for JPMorgan since June 2000 and has been an investment banker since 1990. He is a senior Nordic client banker with responsibility for Denmark and Finland and several other clients in the rest of the Nordic region. In addition he covers selected non Nordic clients within the Industrial sector. Prior to joining JPMorgan he worked for Deutsche Bank, where he was Co-head of their Industrial Group in London, for Merrill Lynch in their M&A department focusing on the Capital Goods sector and for Trap & Kornum, a Danish M&A firm, where he was involved in several Scandinavian transactions. Before this Klaus worked as assistant to the Board of Directors of ISS, a large Danish Service Group. Klaus holds a B.A. and a M.Sc. in Economics and Business Administration from Copenhagen Business School. Erik Tregaard Managing Director - Investment Banking Division Erik Tregaard is a Managing Director in the Investment Banking Division of Morgan Stanley based in Stockholm. Erik started his career in the Corporate Finance Department at Warburg Dillon Read in London in 1999. He is a graduate of the Norwegian School of Economics and Business Administration (NHH). 47/54 booklet1.indd 47 04/11/14 13:10 15:00-16:00 Ellehammer 2 Søren Johansen Partner, Altor Equity Partners Søren Johansen, Partner, has worked for the leading Danish law firm, Kromann Reumert for 22 years which includes three years at its London office and 12 years as a partner. During the period 2007 through to joining Altor in 2011, Søren Johansen served as Managing Partner of Kromann Reumert. Prior to being elected as managing partner he mainly worked on private M&A transactions including some of the larger private equity transactions in Denmark. Søren Johansen is of Danish origin and speaks Danish, English and some German. He holds a Master of Law degree from the University of Copenhagen and is inter alia a member of the boards of Carnegie Asset Management A/S, Haarslev Industries A/S, Sonion A/S, OW Bunker A/S and Wrist Ship Supply A/S. 48/54 booklet1.indd 48 04/11/14 13:10 TMT investments in Private Equity and Venture Capital How to win big in TMT in the Nordics? Moderator: Gregers Kronborg Chairman, DVCA General Partner Nothzone Gregers Kronborg is general partner of Northzone Ventures working out of the Copenhagen and London offices. Gregers Kronborg is responsible for investments in eCommerce/ internet business models such as TrustPilot and Mojn/ RTT, and in hardware related investments in Napatech and Asetek, that were both listed on Oslo stock exchange last year. Gregers also serves as chairman of the venture sector of DVCA. Prior to joining Northzone, Gregers has been a business angel, a successful technology entrepreneur (COCOM acquired by Cisco) and management consulting partner. Gregers holds a MsC in Engineering and a Bachelor BA. 49/54 booklet1.indd 49 04/11/14 13:10 15:00-16:00 Heimdall Mikael Johnsson Partner, Amadeus Capital Mikael focuses on Nordic growth stage technology companies. Based in Stockholm, Sweden he is a Venture Partner with Amadeus. In 2011 Mikael founded Top Gear Advisory and Investment in Stockholm to pursue opportunities as an independent investor and advisor. At Top Gear Mikael has worked with more than 20 fast growing tech companies on strategy, coaching and fundraising, including raising more than $10m of venture funding for three companies. He was previously Vice President at Investor Growth Capital focusing on expansion stage venture in the TMT sector, and Senior Consultant at KPMG Consulting, Stockholm. Mikael holds an MSc in Industrial Engineering and Management from Linköping Institute of Technology in Sweden. He has served as a non-executive director at several companies and currently serves on the boards at inRiver, Qwaya, Loop54 and Keybroker. Martin S. Hauge General Partner, Creandum Martin has for more than 10 years been a General Partner in Creandum. He is an entrepreneur and co-founder of several startups in Scandinavia. Among them Interaction Design and Creuna. As a GP in Creandum he has recently worked with Nanoradio (Acquired by Samsung in 2012) and IPtronics (Acquired by Mellanox in 2013) and currently he holds board seats in Appear TV, Vivino, Autobutler and Fitbay. Martin holds a M.Sc. from NTH-NTNU in Trondheim and has studied business at IMD in Lausanne and at Stanford University. 50/54 booklet1.indd 50 04/11/14 13:10 TMT Investments Per Skoglund Associate Director, Carlyle Per Skoglund is an Associate Director advising on European buyout and growth capital investment opportunities in technology & business service sectors. Since joining Carlyle in 2008, Per has been heavily involved in Carlyle’s investments in LBI/Bigmouthmedia, ITRS Group, Vubiquity and BTI. Prior to joining Carlyle, Mr. Skoglund was an Associate at Citi London, where he focused on the opportunities in the Nordic region for three years. Prior to Citi, Mr. Skoglund worked for McKinsey and Co in London for two years. Mr. Skoglund graduated and received a Msc from the School of Economics and Management in Lund, Sweden with a specialization in international finance. Hans J. Carstensen CFO, Egmont Merlin Piscitelli joined Merrill in January 2006 to help lead the Hans J. Carstensen is the CFO of Egmont. Egmont is one of Scandinavia’s leading media groups publishing digital media, as well as tv, magazines, weeklies and movies etc. Mr. Carstensen is the former CFO of TDC Mobile and has had a range of executive positions within the tele industry and holds a M.Sc. in Economics and Business Administration from the University of Aarhus. 51/54 booklet1.indd 51 04/11/14 13:10 15:00-16:00 Heimdall Nic Humphries Managing Partner - Head of TMT, HgCapital Nic is the Managing Partner of HgCapital and the head of the TMT team. HgCapital is the #1 investor in technology growth buyouts across Europe over the last 15 years. Nic joined HgCapital in 2001, having previously worked at Geocapital Partners where he founded its European business. Prior to that, he was head of Barclays Private Equity’s IT and telecoms team. He started his career at 3i plc and has over 24 years’ experience of the private equity and venture capital industry. Nic’s investment experience has focused on the TMT sector. Nic is a member of HgCapital’s Executive Committee, as well as its Investment, Portfolio Review and Valuation Committee. He has led investments including e-conomic, Visma, IRIS, Rolfe & Nolan, Xyratex, Geneva Technology and NextGenTel. He has co-led investments in Addison Software, CS Group plc and SiTel Semiconductor. He is currently a director on the boards of e-conomic, Visma and IRIS. Nic is also a World Fellow of the Duke of Edinburgh Awards. Nic holds a First Class degree in Electronic Engineering from the University of Salford and was an IEEE and National Engineering Council scholar. 52/54 booklet1.indd 52 04/11/14 13:10 booklet1.indd 53 04/11/14 13:10 DISCLAIMER Nordic Private Equity Conference takes no responsibility for any incorrect informaton supplied in this booklet. For informaton or requests regarding the 2014 Nordic Private Equity Conference, please contact Joanne Chia: Mail: joanne.chia@pe-conference.org Copyright © 2014 Nordic Private Equity Conference. All rights reserved. 54/54 booklet1.indd 54 04/11/14 13:10