EUROPE & ASIA-PACIFIC DISTRESSED DEBT & ALTERNATIVE INVESTMENTS SEP 28 – 29, 2015 LONDON www.ddc-financial.com Email us at [email protected]Overview This forum offers a unique opportunity to hear from industry leaders from around the globe discussing the current state of NPLs and investment opportunities in their respected regions. 9 24 Panel discussions Countries Some of the companies attending AUM Presentations 6.1Trillion 5 Banks Investors Advisory Lawyers Others Speakers 40+ Main Sponsor Gold Sponsor Media Partners
6
Embed
DISTRESSED DEBT & ALTERNATIVE INVESTMENTSs3.amazonaws.com/cdn.orrick.com/files/DistressedDebtAlternative... · EUROPE & ASIA-PACIFIC DISTRESSED DEBT & ALTERNATIVE INVESTMENTS SEP
This document is posted to help you gain knowledge. Please leave a comment to let me know what you think about it! Share it to your friends and learn new things together.
Transcript
EUROPE & ASIA-PACIFICDISTRESSED DEBT & ALTERNATIVE INVESTMENTS
This forum offers a unique opportunity to hear from industry leaders from around the globe discussing the current state of NPLs and investment opportunities in their respected regions.
9 24Panel discussions Countries
Some of the companies attending
AUM
Presentations
6.1Trillion
5
BanksInvestorsAdvisoryLawyersOthersSpeakers
40+
Main Sponsor Gold Sponsor Media Partners
Phil Groves, President at DAC Management, China
Ugur Yildirim, Founder at Elements Capital Partners and ALPEN INVEST, Slovenia
Konstantin Karchinov, Investment Director at AnaCap, UK
Thorsten Lederer, Managing Partner at Panteo Global Partners, Luxembourg
Ofer Lieberson, Founder at Tagor Asset Management and Liberate Solutions Group, Romania
Zoltan Csordas, Director of Workout at CIB Bank, Hungary
Nigel Houghton, Executive Director at Loan Market Association, UK
Gabriele Giorgi, Senior Analyst at Algebris Investments, UK
Yoav Kfir, Founder & Managing Director at VAR Group, Israel
Richard Thompson, Global Leader, Portfolio Advisory Group at PWC, UK
Matej Golob, CEO at Converta, Slovenia
George Kintis, CEO at Alcimos, Greece
Harish Kumar, Senior Director at Alvarez & Marsal, UK
Richard Bernau, Director, Deal Advisory at KPMG, UK
Anete Daukste, Manager, Deal Advisory at KPMG, UK
Gijs Klomp, Head of Capital Markets at CBRE, Romania
Alejandro Lucero de Pablo, President at Multigestion Iberia, Spain
Artur Aleksandrowicz, CEO at National Recovery Services, Russia
Carmine Evangelista, CEO at AZ Holding, Italy
Brent Carlson , Director at Alix Partners, Hong Kong
Christian Schuller, CEO at VostokFinance Group, Russia
Konstantinos Falangis, Vice President at BlackRock, UK
Stacey Schacter, President & CEO at Vion Receivable Investments, USA
Andrea Clamer, Head of NPL Division at Banca Ifis, Italy
Ioana Necula, Owner at International Leasing, Romania
Benjamin Bornstein, Partner at Indigo Capital Advisors, USA
Mahmoud Atalla, Managing Director, Co-Head of Global Loans & Special Situations at HSBC, UK
Konrad Kąkolewski, President of the Management Board at GetBack S.A., Poland
Gaudenzio Bonaldo Gregori at KKR Credit, IT
Olek Teonidis, Managing Director at Da Vinci Capital, Russia
Sonya Van De Graaff, Partner at Schulte Roth & Zabel LLP, UK
Maja Žgajnar, Partner at Schonherr, Slovenia
Luis Martin, Senior Advisor at DebtX, Spain
Owen James, Managing Director at PRA Group, UK
Prot Zastawniak, Managing Director at Pragma Inkaso, Poland
Arash Talebinejad, Chief Commercial Officer at Intrum Justitia, Sweden
Daniel Pottorff, National Director at LaSalle Investment, UK
Wu Rui, Head of IBD at China Orient AMC's, China
John Nestel, Head of Restructuring Asia-Pacific at Herbert Smith Freehills, Australia
Oleg Jelezko, Managing Partner at Da Vinci Capital, Russia
Tom McAleese, Managing Director at Alvarez & Marsal, Ireland
Stephen Phillips, Partner at Orrick, Herrington & Sutcliffe LLP, UK
Speakers
AGENDADay 1: September 28
8:00 REGISTRATION & NETWORKING
9:20 PANEL: Bank Restructuring & Deleveraging Strategies
Harish Kumar, Senior Director at Alvarez & Marsal, UK (MODERATOR)
Richard Bernau, Director, Deal Advisory at KPMG, UK
Tom McAleese, Managing Director, Financial Industry Advisory Services at Alvarez & Marsal, Ireland
Zoltan Csordas, Director of Workout at CIB Bank, Hungary
• Restructuring options available for banks
• Main impediments to restructuring
• Deleveraging strategies (Selling vs. Internal Workout)
• Deleveraging via outright sales vs. risk transfer/repackaging
• Capital release before recovery
10:00 PRESENTATION: Future Investment Opportunities In The European
Market
Richard Thompson, Global Leader, Portfolio Advisory Group at PWC, UK
10:25 PANEL: Finding High Yield Opportunities In The European Middle Market
- Asset Backed Event Driven And Special Situations
Nigel Houghton, Executive Director at Loan Market Association, UK (MODERATOR)
Thorsten Lederer, Managing Partner at Panteo Global Partners, Luxembourg
Benjamin Bornstein, Partner at Indigo Capital Advisors, USA
Mahmoud Atalla, Managing Director, Co-Head of Global Loans & Special Situations at HSBC, UK
• Event driven or special situations credit investments in European enterprises facing significant capital stress, backed by
company assets, financial and real assets
• Investing regardless of asset class and capital structure position, main focus on liquidation value of underlying
collateral/assets
• Investing in undervalued and distressed assets, comprising debt instruments with attached physical or financial assets
• Non-core asset or stressed commercial real estate (one-off or portfolio) disposals on institutional investor level or asset rich
companies in insolvency situations
• Comparison of debt investment strategies: new loan originations vs. loan acquisitions (primary vs. secondary markets)
• Sources of capital (Eurozone/EU/Global) and investment geographies (Northern EU, Southern EU, CEE)
11:00 COFFEE & NETWORKING
11:20 PANEL: CRE & Residential Mortgage Debt
Gijs Klomp, Head of Capital Markets at CBRE, Romania
Sankaty Advisors, UK
Konstantinos Falangis, Vice President at BlackRock, UK
Daniel Pottorff, National Director at LaSalle Investment, UK
Where are the best opportunities and why
Pricing, market predictions and trades/logistics
Releasing liquidity from distressed property assets
How to extract additional value from CRE assets in NPL portfolios
Exit liquidity of CRE assets in NPL portfolio, is there market demand for such assets as they are?
12:00 PRESENTATION: High IRR On Big Ticket NPL Portfolios In Poland -
Actual Case Studies And Further Opportunities
Konrad Kąkolewski, President of the Management Board at GetBack, Poland
12:20 PANEL: NPL Portfolios CEE
Konstantin Karchinov, Investment Director at AnaCap, UK
Ofer Lieberson, Founder at Tagor Asset Management and Liberate Solutions Group, Romania
Anete Daukste, Manager, Deal Advisory at KPMG, UK
Ioana Necula, Owner at International Leasing, Romania
• What are the main risks to sellers when off-loading NPL portfolios?
• Benefits/costs of bilateral sales versus open auctions
• Operational considerations of selling/buying NPLs
• Impact of flawed due diligence material
• Impact of real estate valuations on seller pricing
• Importance of real estate expertise in maximizing values
13:00 LUNCH
14:00 PANEL: Problems & Opportunities For Investors In Southern Europe,
CEE, CIS & Asia-Pacific
Matej Golob, CEO at Converta, Slovenia
George Kintis, CEO at Alcimos, Greece
Oleg Jelezko, Managing Partner at Da Vinci Capital, Russia
Ugur Yildirim, Founder at Elements Capital Partners and ALPEN INVEST, Slovenia
• What are the risks for buyers?
• Greek banks likely to be sold to large European players
• Where are the best opportunities and why?
• Trends in CSEE
• Challenges for Banks due to the current market situation
• Greece - the NPL trades will arrive post recap, probably Q2 2016
• Current situation in Slovenia
• Challenges in purchasing distressed assets in Slovenia
• Sales of NPL from banks in Slovenia
• Sales of distressed assets in insolvency procedures, companies restructurings in Slovenia
14:40 PANEL: Distressed Debt Asia-Pacific
Phil Groves, President at DAC Management, China (MODERATOR)
Wu Rui, Head of IBD at China Orient AMC's, China
Brent Carlson, Director at AlixPartners, Hong Kong
John Nestel, Head of Restructuring Asia-Pacific at Herbert Smith Freehills, Australia
• China is top global target for NPLs right now
• Continued and growing glut of NPLs
• Sourcing and structuring for offshore investors
• NPLs in context of China’s rule of law
• Importance of local infrastructure and experience for servicing
• Burgeoning market for structured NPL products
15:20 PRESENTATION: Israel - EU Distressed Debt & NPL
Yoav Kfir, Founder & Managing Director at VAR Group, Israel