08:15

Registration and refreshments

09:00

Welcome: Chairman and unquote" present deal activity stats

09:30

unquote" sentiment survey

Live market sentiment survey conducted using interactive audience voting

09:50

KEYNOTE: Emerging Europe in a turbulent environment: going forward

• Outlook and risks in turbulent times
• Policies to secure growth and convergence
• What does it mean for the medium-term?
• Convergence during crisis

Rodolphe Blavy, Senior Economist and Assistant to the Director, IMF

10:20

PRESENTAION: A new normality? GP / LP dynamics and effects on the current fundraising market

• Current state of GP/ LP relationships
• Latest in negotiation trends with a particular focus on the CEE
• The rise of the "special deal"
• The demise of the long term relationship?
• Outlook

Sonya Pauls, Partner, SJ BERWIN

10:50

Morning break and opportunity to network

11:20

PANEL DISCUSSION: Capital structure blue-prints that build value into your business

• Availability of leveraging mid-market deals in turbulent times
• How deals should be closed now

• Advantages, disadvantages and when to include mezzanine

Pekka Mäki, Managing Partner, 3TS CAPITAL PARTNERS

Piotr Noceń, Managing Partner, RESOURCE PARTNERS

Chris Buckle, Managing Partner, MEZZANINE MANAGEMENT

Ivan Meloun, Director, CSOB

12:00

CASE STUDIES: Exits

Żabka Polska: Successfully leveraging on cross border expansion and growth potential of CEE

• Growing the value of the business
• The exit: When, how and why
• Key success factors: timing, people, execution and motivation

Adam Jarmicki, Investment Manager, PENTA INVESTMENTS

Kruk: Building a regional leader of management receivable market in CEE and exiting via IPO

• Evolution of small business into a regional leader; how Private Equity investors can help a founder to make it
• Critical factors for fast growth of Private Equity backed companies in CEE
• The IPO: preparation, pricing and knowing you are ready

Dariusz Prończuk, Managing Partner, ENTERPRISE INVESTORS

13:00

Lunch and opportunity to network

14:00

Fundraising statistics and unquote" sentiment survey

14:20

PANEL DISCUSSION: Fund selection strategies

• Established franchises facing challenging fund raising climate vs. emerging managers with limited track records
• Niche strategies becoming attractive - single country / sector / turnaround
• Good returns on funds in CEE and Russia
• Manager selection

Leon Hadass, Principal, PANTHEON

Anne Fossemalle, Director, EBRD

George Swirski, Managing Partner, ABRIS

Aleksander Ferenc, Director, PZU SA

15:00

Afternoon break and opportunity to network

15:30

Co-investments: an opportunity for LPs to bridge the funding gap?

• GP and LP syndication: a painful experience?
• The future of funding: are gaps likely to emerge more frequently?
• LP demands for co-investment rights
• Observations and hints from an active LP co-investor

Viktor Speckinger, Principal, AKINA

16:10

PANEL DISCUSSION: A comparison of business cases in investments recommendations with realised returns

• LP perspective: gross-net return differential
• Aggregate change of returns at CEE funds
• Why has the CEE region not systematically outperformed Western Europe?
• Importance of investment strategy and quality of GP to deliver returns going forward

Natalia Popova, Principal, AKINA

Alessandra Pasian, Senior Banker, EBRD

Henry Potter, Partner, ALPHA ASSOCIATES

Gabriel Kamensky, Investment Professional, SWISS RE PRIVATE EQUITY PARTNERS

16:50

Chair's closing remarks

17:00

Champagne drinks reception