‘VCA Calendar’
HKVCA Seminar Nov. 16, 2010
Wednesday, October 20th, 2010
Current Regulatory Environment for Practitioners of PIPE Deals
The class will cover the following:-
- How to structure a PIPE investment in Hong Kong listed companies (whether old or new securities; ordinary or preference shares; convertible securities and/warrants)?
- Is it possible to obtain minority protection rights in the form of board representation, anti-dilution rights, veto rights, information rights etc.?
- How to avoid concert party pitfalls and triggering mandatory takeover obligations?
- Insider dealing and disclosure of interest issues.
- Other Listing Rule considerations.
Mr Whan will speak to several precedent PIPE transactions that he and the Clifford Chance private equity team has recently advised on.
Where:
HKIS Learning Centre
8/F Jardine House, 1 Connaught Place, Central, Hong Kong
Time:3:00 – 5:00 pm
Register Here
HKVCA Masterclass OCT 28, 2010
Tuesday, October 19th, 2010
Private Equity Holding Jurisdictions
Regulatory and Tax Changes in China, India, US and Europe -How do they impact the Asian Private Equity Industry?
Part 1 – Update on fund regulation in Europe and United States – and the consequences for Private Equity Funds in Asia!
Both the European Commission and the United States Congress are issuing more stringent compliance rules and regulations for the fund industry. We will briefly discuss the consequences of these new rules for the Asian Private Equity funds.
Part 2 – How to best structure your acquisition further to the tax changes in China and India?
In this part, the speakers will briefly outline the opportunities to lower tax costs so to increase the fund’s return by setting up intermediate holding companies. The countries which are typically considered as intermediate holding jurisdictions will be presented from a tax and practical perspective. Further, local developments (China, India etc.) which may limit the benefits of offshore holding structures will be discussed.
Panel discussion: Case studies for investments into China, India, Japan
Where:
HKIS Learning Centre
8/F Jardine House, 1 Connaught Place, Central, Hong Kong
Time:
3:00 – 5:00 pm
HKVCA Luncheon Talk OCT 22, 2010
Tuesday, October 19th, 2010
The Role of Private Equity in the Portfolio
Why invest in private assets classes?
• Rationale and long-term returns
• Recent trends in private investing
• What has changed post global financial crisis?
• Lessons learned
What is the role of private asset classes in the portfolio?
• The spectrum of private strategies
• Return and other objectives
• Role of real assets
Investment philosophy and strategy
• Determining target allocation, investment pace and commitment sizing
• Importance of diversification, by vintage year, geography, etc.
• Role of secondaries
Implementation: opportunities and challenges
• Key success factors
• Track records in Asia
• Alignment of LP/GP interest
Where:
The China Club,
14/F Old Bank of China,
1 Bank Street, Central, Hong Kong
Time:
12:30 – 2:00 pm
