Topics covered will include
Infrastructure - Where Next? The impact of 7/7 on Infrastructure Financing Comparing Infrastructure Investments in Emerging versus Developing Markets Developers and Infrastructure Funds – Perspective from both Structuring Global Infrastructure Funds and Asset Acquisitions Driving Value from Infrastructure Investments Floating of Funds Infrastructure Investments - Legal Considerations and Pitfalls
Confirmed speakers include
Hans Meissner, Chief Executive Officer, ABN Amro Infrastructure Group Luis Abraira, Partner, Santander Infrastructures - II Mathias Burghardt, Head of Infrastructure Group, AXA Private Equity Karl Pfeffer, Global Head of Corporate, Structured and Project Finance, Porr Infrastruktur Pierre Nicoli, Managing Director, Infrastructure Group, BNP Paribas Andy Matthews, Managing Director, Barclays Private Equity Charles Berkeley, Managing Director, RBC Capital Markets Ed Clarke, Director, Project Infrastructure and Equity Products, Prudential M&G Debbie Payne, Director of Global Infrastructure Fund Structuring and Infrastructure Acquisitions, PricewaterhouseCoopers Frank Schramm, Finance Director, Bilfinger Berger Tom Murley, Head of Renewable Energy Team, HG Capital Andrew Wallace, Senior Manager, Specialist Fund Market, London Stock Exchange Mike Wilkins, Magaing Director, Infrastructure Finance Ratings, Standard & Poors Robert Gross, Partner, Infrastructure Funds, Berwin Leighton Paisner LLP Ian Moore, Partner, Corporate Finance, Norton Rose LLP Mel Zuydam, Finance Director, Highways Agency Maciej Firla-Cuchra, Senior Consultant,
Conference programme
8:30 Registration & Coffee9:00 Chairman's Opening RemarksMaciej Firla-Cuchra, Managing Consultant, Oxera Consulting 9:10 Infrastructure - Where Next?Charles Berkeley, Managing Director, Financial Sponsors, RBC Capital Markets - A fast moving asset class
- Challenges and challengers
- Will winners emerge?
- Where next?
9:50 Regulated Infrastructure AssetsJostein Kristensen, Senior Consultant, Oxera Consulting - Sources of value and risk in regulated assets
- Cost of capital determinations: outlook for the future
- Financeability considerations: regulatory and market perspectives
- Drivers of market premia in regulated sectors
10:30 Morning Coffee11:00 Infrastructure Funds as an Asset Class Relative to Other VehiclesDavid Webster, Investment Director, ABN AMRO Infrastructure Capital Management - What makes an asset an infrastructure asset?
- What are the appropriate risks versus rewards?
- Inter-play between primary and secondary markets
- Understanding and taking development risk
11:40 Comparing Infrastructure Investments in Emerging Versus Developing MarketsLuis Abraira, CEO, Santander Private Equity - Risks
- Opportunities
- Types of transactions: Privatisations, Secondaries
- Financing the deal
12:20 Networking Lunch13:50 The Changing Face of Infrastructure Finance: Increased Appetite Driving Up Credit RiskPaul Lund, Director and Team Leader for Corporate Securitisation , Standard & Poor's - The rise of infrastructure funds
- Credit issues following M&A boom of last two years
- Dangers of leveraged hybrid acquisition loans
- Case studies: where does leveraged finance end and infrastructure finance begin?
14:30 Structuring Global Infrastructure Funds and Asset Acquisitions- Product Development Directions: the global infrastructure fund market
- Making your infrastructure fund attractive to the institutional investors from the worlds major pension fund markets
- Asset acquisitions in major markets: consortium-specific tax, finance, and regulatory issues
- Regional specific infrastructure funds and investments
John Fickling, Director, PricewaterhouseCoopers Debbie Payne, Director, PricewaterhouseCoopers 15:10 Afternoon Tea15:40 Delivering Renewable Energy TargetsTom Murley, Head of Renewable Energy Team, HG Capital - Scope of the market
- Key players and financing trends
- Issues in scaling deployment
- Which technologies are ready for the market
17:00 Credit Markets Overview & Implication for InfrastructureEmmanuel Deblanc, Director, Infrastructure Group, BNP Paribas - What was possible before but is no longer deliverable (at least for now)
- Who will be prepared to take underwriting risk and for which sponsor/project?
- Liquidity issues and pricing (wording of market flex)
- Recent case studies
- Concluding remarks: will infrastructure financing come back to pre-crisis levels
17:40 Chairman’s Closing Remarks and Close of Day OneMaciej Firla-Cuchra, Managing Consultant, Oxera Consulting 8:30 Registration & Coffee9:00 Chairman's Opening RemarksMartin Harman, Chairman, Pinsent Masons 9:10 Developers and Infrastructure FundsMathias Burghardt, Head of Infrastructure Group, AXA Private Equity - Why mix talents: pros and cons
- Achieve alignment of interest (return, risk allocation, exit strategy)
- Governance and contractual arrangements
- Case studies: SANEF, SAUR & HOLDING DI INVESTIMENTO IN SANITA ED INFRASTRUCTURE
9:50 Developers and Infrastructure FundsFrank Schramm, Finance Director, Bilfinger Berger AG - Equity providers or just operators/contractors?
- Current market conditions - primary and secondary
- Entering partnerships with infrastructure funds on primary deals
- Selling individual assets to the secondary market vs. selling a share in the portfolio
10:30 Morning Coffee11:00 CEE and SEE Deals Finally Hitting the MarketKarl-Maria Pfeffer, Global Head of Corporate, Structured and Project Finance, Allgemeine Baugesellschaft - A. Porr AG. - Experiences up to date
- Current CEE & SEE status
- Challenges ahead
11:40 Driving value from Infrastructure Investments Ed Clarke, Director, Project and Infrastructure Finance, Prudential M&G - More than financial engineering
- Active management of investee companies
- Working with partners and funders
- Portfolio optimisation
12:20 Networking Lunch13:50 The Specialist Fund MarketAndrew Wallace, Senior Manager, Specialist Fund Market, London Stock Exchange - Background to the development of the market
- Benefits to the fund industry
- Why London?
14:30 Floating of FundsIan Moore, Partner, Corporate Finance, Norton Rose - The opportunity
- Method and process
- Relevant issues to consider
15:10 Afternoon Tea15:40 Case Study: Forward Infrastructure Strategies at the Highways AgencyMel Zuydam, Finance Director, Highways Agency - What will demand be going forward?
- New approaches to funding and financial models in the M25 PFI
- PFI refinancing and the government
16:20 Infrastructure Investments - Legal Considerations and PitfallsRobert Gross , Partner, Project Finance and Infrastructure, Berwin Leighton Paisner LLP - Structuring issues
- Preliminary documentation
- Due diligence
- Closing and post-closing
17:00 Chairman’s Closing Remarks and Close of Day OneMartin Harman, Chairman, Pinsent Masons
Workshops
Workshop Crowne Plaza Hotel - The City 23 April 2008 London, United Kingdom
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