Latin Lawyer's 2nd Annual Private Equity Conference

Latin American private equity fundraising and deals have grown astronomically since the end of the global financial crisis – in 2010, over US$17 billion of deals were done, a five-fold increase on 2009, with nearly US$8 billion raised by funds focused on the region in the same period. Investment is showing no signs of slowing throughout 2011, helped by a growing middle class across the region, significant infrastructure needs and investment, and regulatory steps in the right direction – particularly the emergence of robust pension fund investors.

However, challenges do remain in the industry – are Brazilian assets overpriced, and how can counsel help investors balance risk and reward as more and more funds focus on the country? How will the emergence of true leveraged deals, and the interest of the global megafunds, change the industry? How can Mexico and the Andean countries capitalise on the global interest and garner a bigger slice of the pie? What regulatory obstacles remain, and can they be overcome?

Against this background full of opportunity and challenges, Latin Lawyer is offering a second annual regional Private Equity Conference in New York. Last year’s conference featured speakers from JPMorgan, Apax, Bank of America Merrill Lynch, Eton Park, and Angra Partners alongside the best of international and local law firms across the region, and the 2011 Conference will also offer the best of legal minds from banks, funds, law firms and government. Join us to learn about the trends that will be affecting your private equity practice through 2012 onwards.

Conference chair: Todd Crider, Simpson, Thacher & Bartlett LLP

Keynote speaker: Roger Altman, chairman, Evercore Partners

Ashish Karandikar, Apax Partners

Daniel Wainstein, head of investment banking Brazil, Goldman Sachs

Nicolas Aguzin, CEO for JPMorgan Latin America

Enrique Bruchou, Bruchou, Fernández Madero & Lombardo Abogados

Enrique Bascur, Citi Venture Capital

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

Marcelo Etchebarne, Cabanellas, Etchebarne, Kelly & Dell'Oro Maini Abogados

Sergio Galvis, Sullivan & Cromwell LLP

Juan Carlos Garcia, Quadrant Capital

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

Pablo Guerrero, Barros & Errazuriz Abogados

Maurizio Levi-Minzi, Debevoise & Plimpton LLP

Alejandro Linares, Gómez-Pinzón Zuleta Abogados SA

Carlos Alexandre Lobo, Veirano Advogados

Flavio Meyer, Machado, Meyer, Sendacz e Opice Advogados

José Luiz Homem de Mello, Pinheiro Neto Advogados

Guillermo Morales, Morales & Besa

Luis Nicolau, Ritch Mueller SC

Wilson Neely, Simpson, Thacher & Bartlett LLP

Joaquim Oliveira, Souza, Cescon, Barrieu & Flesch Advogados

Daniel Miranda, Mattos Filho, Veiga Filho, Marrey Jr. e Quiroga Advogados

Alberto Rebaza, Rebaza, Alcázar & De Las Casas Abogados Financieros

Glenn Sarno, Simpson Thacher & Bartlett LLP

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

Antonia Stolper, Shearman & Sterling LLP

Francisco Ugarte, Carey y Cia

• Conference chair: Todd Crider - Partner, Simpson Thacher & Bartlett LLP

08.00 Registration, coffee and croissants

08.30 Welcoming remarks:

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

08.45 Morning keynote

• Latin America: a regional mosaic of rising and sinking economies
• Role of private equity as catalyst to efficient allocation of capital

09.00 The banking panel: the value proposition of private equity in Latin America

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

• Recent fundraising and prospects
• Deployed and committed funds for region: what it means for future transactional flow
• Brazil – can opportunities still be found?
• Price versus risk: other targeted markets in the region?
• Comeback for leverage in Latin America - or still too expensive?

Moderator: Todd Crider, Simpson Thacher & Bartlett LLP
Nicolas Aguzin, CEO for JPMorgan Latin America
Ashish Karandikar, Apax Partners
Juan Carlos Garcia, Quadrant Capital
Enrique Bascur, Citi Venture Capital

09.45 Coffee break

10.00 The technology of private equity deals

• Starting out right with NDA
• Venture capital structures
• Acquiring with planned exit
• Developments in public M&A in key markets

Moderator: Sergio Galvis, Sullivan & Cromwell LLP
José Luiz Homem de Mello, Pinheiro Neto Advogados
Alejandro Linares, Gómez-Pinzón Zuleta Abogados SA
Jean Michel Enríquez, Creel, García-Cuéllar, Aiza y Enríquez, SC

11.00 Coffee break

11.20 Fund raising structures and regulatory outlook

• Fund raising in the Andes, Brazil and elsewhere
• Special incentives in Mexico
• Liberalisation of pension funds
• US regulation and the effect on industry
• What reforms are needed? What obstacles require regulatory attention?

Moderator: Glenn Sarno, Simpson Thacher & Bartlett LLP
Luis Nicolau, Ritch Mueller SC
Guillermo Morales, Morales & Besa
Daniel Miranda, Mattos Filho, Veiga Filho, Marrey Jr. e Quiroga Advogados

12.30 Lunch

1.30 Afternoon keynote: Roger Altman, chairman, Evercore Partners

• Private equity: why it matters in Latin America
• Strategic shift in the world
• Opportunities and responsibilities for countries in the region
• How to do good while doing well in a changing landscape

2.00 Trends in the private equity sector

• Increase in size of checks
• Increase in, and issues of, club deals
• Impact of international funds on the marketplace
• Emergence of public M&A and unsolicited bids
• Maturation of local private equity shops

Moderator: Paul Schnell, Skadden, Arps, Slate, Meagher & Flom LLP
Flavio Meyer, Machado, Meyer, Sendacz e Opice Advogados
Francisco Ugarte, Carey y Cia
Luis González, Solórzano, Carvajal, González, Pérez, & Correa
Wilson Neely, Simpson Thacher & Bartlett LLP

3.00 Coffee break

3.15 Case study

• This case study of an energy deal will cover issue spotting with top experts, regulatory diligence, and FCPA, environment, indigenous rights and other diligence issues; as well as considering the benefits of partnering with locals or going it alone, and other key considerations.

Moderator: Maurizio Levi-Minzi, Debevoise & Plimpton LLP
Carlos Alexandre Lobo, Veirano Advogados
Alberto Rebaza, Rebaza, Alcázar & De Las Casas Abogados Financieros
Marcelo Etchebarne, Cabanellas, Etchebarne, Kelly & Dell'Oro Maini Abogados

4.00 Balance sheet management and exits

• Local currency and international funding sources
• Issues in covenant negotiations for private equity portfolio companies
• IPOs – success story for industry in the region
• Issues in negotiating capital markets exits for private equity firms

Moderator: Antonia Stolper, Shearman & Sterling LLP
Enrique Bruchou, Bruchou, Fernández Madero & Lombardi Abogados
Joaquim Oliveira, Souza, Cescon, Barrieu & Flesch Advogados
Pablo Guerrero, Barros & Errazuriz Abogados
Daniel Wainstein, head of investment banking Brazil, Goldman Sachs

17.00 Close

Sponsored by Aguilar Castillo Love and Veirano Advogados