Are you getting the full picture? . Successful partnerships require a clear insight into the roles of the different options and actors. Through a series of informative presentations and case studies, this conference will deliver a comprehensive analysis of where PPP Financing stands and how it is likely to evolve. What are the different financial options available for financing PPP/PFI? What are the trends in PPP / PFI financing? How are secondary markets evolving? How to valuate PPP / PFI shares in the secondary markets? What role does Private Equity play in the financing of PPP / PFI? What are the impacts of floating PPP / PFI portfolios? What are the best legal practices for PPP / PFI? What are the risk implications?
This conference will provide a bridge between partners to discuss the options and choices currently made in the financing of PPP /PFI and will set out to clearly explain the role Private Equity. <
Conference programme
8:30 Registration & Coffee9:00 Chairman's Opening RemarksDavid Abbott , Assisant Director, Global Infrastructure and Projects Group, KPMG Corporate Finance 9:10 What Options are Available?John Watt, Partner, Government and Infrastructure Advisory, Grant Thornton Reality and myths: the road to financing projects New forms of partnership and new models emerging 9:50 Identifying and Structuring a Successful PPP ProjectDavid Cooper, Director, Barclays Bank Key components of a successful projectDesigning a structure in line with needsDetecting weaknesses and pinpointing strength of a PPP project structure 10:30 Morning Coffee10:50 Is Risk Understood?Andrew Dumbleton, Partner, BDO Stoy Hayward Understanding project risk implications Identifying risk within financing options Appropriate allocation of risk 11:30 Financing Though a Non Profit Distributing Organisation (NPDO) or a Scottish Futures TrustMichael Stoneham, Head of Project Finance, Dundas & Wilson CS LLP Why a Non Profit Distributing Organisation? NPDO structure and governance 12:10 Financing Partnerships in Defence: Building Strong Partnerships – Lessons LearntRichard Nelson, IPT Leader, Project MoDEL, Defence Estates, Ministry of Defence, UK 12:50 Networking Lunch14:00 Considerations for PFI Financing in the Waste SectorMelville Haggard, Markets Development Adviser, Department for Environment, Food and Rural Affairs (Defra) 14:40 Financing with School Improvement: BSF Programme Case StudyTony Benton, Assistant Director BSF, Westminster City Council Project key goal and overview Lessons learnt Challenges and recommendations 15:20 Afternoon Tea15:40 PFI Partnership in Practise: Lessons Learned – A Public and Private perspectiveAn insight into an operational PFI from both sides of the partnership. Lessons learned – a guide to survival Strategy and flexibility in construction and service delivery Managing variations and expectations Trevor Payne, Director of Facilities, University College London Hospitals - Public Perspective Keith Lawrence, Operations Director, HMU UCLH Project Co 16:20 PPP and Financing Roads: Case Study – Financial Options, Private Equity and Building Strong PartnershipsKen Petch, Project Leader, M25 DBFO, Highways Agency Procurment and funding considerations for a very large capital projectTrying to achieve contract flexibility with cost certaintyGetting the incentives right17:00 Chairman’s Closing Remarks and Close of Day One8:30 Registration & Coffee9:00 Chairman's Opening RemarksAsad Khair, Associate Director, Global Infrastructure and Projects Group, KPMG Corporate Finance 9:10 Understanding Issues from the Public PerspectiveDavid Finlay, Director of PFI Development, National Audit Office Demonstrating value for money in the pricing of finance The risks and rewards equation Changes in ownership - will this affect the projects? Market concentration: the emergence of the portfolio investor 9:50 What makes Public Private Partnerships and Initiatives Attractive?Massimo Fiorentino, Senior Investment Director, Meridiam Infrastructure Long-term partners in PPP projects Long-term investment strategy ("buy and hold") offering stable and regular income Trends and future perspectives 10:30 Morning Coffee10:50 Finance and Facility Management Partnership: Lessons Learnt and PerspectivesSteve McDonald, Development Director, Ecovert FM Managing the portfolio: respective roles and responsibilities Pre-handover Day to day operations and long term delivery Benchmarking and market testing Response to client's demand for flexibility – variations Adapting to a changing market Changes in partnership Refinancing: options and impact Roles and opportunities in new procurement rules/routes Exporting PFI/PPP know-how 11:30 Insurance for Equity ProvidersNatasha Roberts, Associate Director, Aon The key insurances for equity providers Structuring the programme The benefits and pitfalls of a portfolio approach insurers appetite Due diligence concerns on portfolios 12:10 Valuing PPP/PFI Private Equity Shares in the Secondary MarketJonathan White , Director, KPMG Corporate Finance , KPMG LLP Buyer and seller perspectives Analysis and pricing Key issues when selling in the secondary market
12:50 Networking Lunch14:00 Equity Recycling: Rational and ImplicationsRobin Herzberg, Managing Director, Carillion Private Finance Drivers behind PFI equity sales Asset swaps with fellow PFI players Creating ‘tidier’ shareholder structures in individual projects Repackaging of investments to create sector specific units, for subsequent flotation or securitization Impacts of floating the funds What this means in real terms for the projects Trends and future prospects 14:40 Risks for Equity Investors in PFI/PPP TransactionsRichard Dyton, Partner, Simmons & Simmons Contractual context of equity transactions Associated risks Mitigating risk and ensuring adequate provisions 15:20 Changing Relationship between Equity and Senior DebtGlenn Fox, Managing Director, FGIC Equity transfer Value management Re-gearing and re-financing Operational managment
16:00 Chairman’s Closing Remarks and Close of Conference followed by Afternoond Tea
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