GDF December 2012

3rd Private Equity Convention Russia (CIS) – EURASIA 20124 – 5 December 2012 | London | 5* Sofitel St James Hotel

Supported by

a dialogue of minds™

Networking Café Sponsor

Dear Participant,

Welcome to the 3rd Eurasia & CIS (Russia) Private Equity Convention!

On behalf of GDF we would like to thank you all for your great support, ideas and valuable

suggestions to make this event – THE meeting place for the most senior and influential

investors, LPs, GPs, innovators and deal makers in the region.

We hope that in its short three year history, this Convention has created a strong bond

between its participants, the one that defies the convention as “meeting of minds” where

deals are made and prescribed geographic investment mandates and helps to move the

industry in the whole continent forward.

On our side we truly appreciate your support in these complicated times of economic tur-

moil and hope that it will continue in 2013. The next year will see some exciting changes

to our portfolio of Conventions and we hope that your advice and contributions will shape

our operations in the matter that will be most beneficial to you and your business and the

private equity industry.

Please remember, that the most important person at this event is YOU. The Convention is

designed for your benefit and you are most welcome to choose any group you would like

to join and ask any questions that interest you.

We hope you will enjoy your time at the Convention and will find it productive and useful.

Sincerely yours,

GDF Team

The ALCHEMY of our forums – is the CATALYST for your success and a new way of thinking: a true dialogue of minds

Welcome…

3rd Private Equity Convention Russia (CIS) – EURASIA 2012 | 4–5 December 2012 | London

Schedule Day One

10:00–10:45 Check in and quick refreshments

10:45–11:45 Introduction – Key note speech and Q&A

11:45–12:15 Refreshment Break

12:15–13:30 Stream 1

Why CIS Markets are “Losing out” Compared to Other BRIC Countries? (Room A)

Infrastructure Investments as an Asset Class – Is There a Change in Investors’ Perception? (Room B)

Optimal Strategies – State Controlled Corporations, Wealth Funds, Development Funds “Traditional PE” Investors. (Room C)

13:30–14:30 Lunch

14:30–15:45 Stream 2

Managing Portfolio Companies – Navigating the Minefield? (Room A)

Entrenching or Expansion – What is More Suitable Business Strategy Currently? (Room B)

15:45–16:30 Refreshment Break

16:30–17:45 Stream 3

Fund Raising – Can GPs’ Hard Work Compensate for the Economy’s Short Comings? (Room A)

2012 Lessons for “New Technology” Investors – Globally and Regionally (Room B)

Exiting Investments – What is Possible and what is the Best Option? (Room C)

17:45–18:30 Drinks and networking


Schedule Day Two

9:30–10:30 Registration

10:30–11:45 Stream 4

GP/LP Relationships – “The Art of Possible” (Room A)

Buy Outs Across the Continent – Where the Deals Will Come From? (Room B)

Russia/CIS/CEE investing: Which Sectors are a Goldmine and which are a Trap? (Room C)

11:45–12:15 Refreshment break

12:15–13:30 Stream 5

The Current Stage in the Real Estate Investment Cycle – Is it Finally “Time to buy”? (Room A)

What are the Most Interesting Growth Markets in Eurasia? (Room B)

13:30–14:30 Lunch and Networking



Sam Wilkin Head of Business Research – Oxford Economics

Sam Wilkin is head of business research at Oxford Economics, one of the world’s

foremost global forecasting and research consultancies. Sam is coauthor of Risk

Rules: How Local Politics Threatens the Global Economy. The Harvard Business

Review called the book “powerful” and Mark Mobius of Templeton Asset

Management said “the authors exhibit a strong knowledge of what goes on

behind the scenes in emerging markets”. Belgium’s Trends magazine noted that

“the authors’ analysis of political stability mixes humour, drama, and an eye for ironic details”. Sam advises

corporations and governments on global issues ranging from the rise of the BRICs to stability in the Middle

East. He is a frequent speaker on current affairs, emerging markets, and geopolitical risk. His published

articles cover topics ranging from reform of financial regulation to Turkey’s EU accession prospects. His

most recent article, “Can Bad Governance be Good for Development?”, appears in the February/March

2011 edition of Survival: Global Politics and Strategy, the journal of the International Institute for Strategic

Studies. Sam previously served as associate director of the consultancy practice at Oxford Analytica, head of

political risk consulting for Aon Trade Credit and director of country analysis for Marvin Zonis & Associates.

He received his M.A. in international relations from the University of Chicago. He is the editor of Country

and Political Risk: Practical Insights for Global Finance, and was the 2004 alumni fellow for Eckerd College.

Key note speaker

Discussion Groups

Stream 1


Why CIS Markets are “Losing out” Compared to Other BRIC Countries? Michiel Schwartz Managing Director – Black-Oak Capital Ltd

Jan Dewijngaert Director Buyouts & Growth-Central Europe & Russia – GIMV

Eric Maillebiau Managing Director – Da Vinci Capital Management

Michiel Schwartz

Jan Dewijngaert

Eric Maillebiau

Discussion Group | Day One | 4 December | Tuesday

12:15 – 13:30

Room A

Region 2003 2004 2005 2006 2007 2008 2009 2010 2011 1H2012

Brazil 230 480 158 2,098 2,510 3,589 401 1,078 7,079 675

China 213 311 2,243 4,279 3,890 14,461 6,617 7,509 16,616 3,977

India 236 706 2,741 2,884 4,569 7,710 3,999 3,268 2,737 1,225

Russia/CIS 175 200 1,254 222 1,790 880 455 75 135 82

EM PE Fundraising Totals by Select Markets, 2003–1H 2012 (US$m)

Source: EMPEA Industry Statistics, Fundraising & Investment Analytics – 1H 2012, – published August 2012


Infrastructure Investments as an Asset Class – Is There a Change in Investors’ Perception? Dmitriy Antropov Private Finance – Partners Group AG

Kunal Sharma Aloe Private Equity

Alexander Abolmasov Managing Partner – New Russia Growth (NRG)

Ilya Brodsky Director – Spring

Room B

Dmitriy Antropov

Kunal Sharma

Alexander Abolmasov

Ilya Brodsky

Pavel Erochkine

Sergey Bubnov

Room COptimal Strategies and Its Understanding – State Controlled Corporations, Wealth Funds, Development Funds “Traditional PE” Investors • How and why are strategies of state controlled corporations and develop-

ment institutions differ from more traditional sovereign wealth funds?

Pavel Erochkine Deputy CEO – RusNano Capital

Sergey Bubnov Managing Director – RT Invest


12:15 – 13:30

Discussion Groups

Stream 2


Managing Portfolio Companies – Navigating the Minefield • Where the value is really added?

• “Investor readiness” of the recipient companies,

• Transparency and corporate governance issues

• Availability of adequate level of management at investee companies - key

challenge for private equity investments in Eurasia

• Areas for mitigating these risks: international head hunting, local talent

nurturing,green field investments with best-in-class international operators”.Dmitry Bosky Director General – Aton Capital Partners

Levan Vasadze Chairman – Prometheus Capital Partners

Hanna Loikkanen Senior Advisor – East Capital

Jamil Akhundov Investment Director, Private Equity – Silk Invest Ltd


14:30 – 15:45

Room A

Dmitry Bosky

Levan Vasadze

Hanna Loikkanen

Jamil Akhundov


Entrenching or Expansion – What is More Suitable Business Strategy Currently?

John McRoberts Partner and Co-founder – Aurora Private Equi

Roberta Feldman Brzezinski Partner, Ukraine – Abris Capital Partners

Room B

John McRoberts

Roberta Feldman–Brzezinski

Discussion Groups

Stream 3


Fund Raising – Can GPs’ Hard Work Compensate for the Economy’s Short Comings?

Dimitri Elkin Managing Director – Effective Capital Group (ECG)

Ophir Shmuel Director – MVision Private Equity Advisers

Kamal El-Tayara Managing Partner – KCP Capital

2012 Lessons for “New Technology” Investors – Globally and Regionally

Gleb Davidyuk Managing Partner – iTech Capital

Marcin Hejka Managing Director CEE, ME & Africa – Intel Capital

Dimitri Elkin

Ophir Shmuel

Gleb Davidyuk

Room A

Room B


16:30 – 17:45

Kamal El-Tayara

Marcin Hejka


Room C


16:30 – 17:45

Exiting Investments – What is Possible and what is the Best Option?• How bad are constrains on the traditional five ways of exits?

• What is the preferred way to exit from investments?

• How are exit opportunities in CIS compared to other Emerging Markets?

• What will change in a year?

Les Nemethy ManagingDirector–EurophoenixFinancialAdvisors

Andrey Tsaruk ManagingPartner–AlthausGroup

Daniel Confino Founder–MergerID

Dmitry Piskulov Director–RussiaPartners

Les Nemethy

Andrey Tsaruk

Daniel Confino

Dmitry Piskulov

Discussion Groups

Stream 4


Room A

Discussion Group | Day Two | 5 December | Wednesday

10:30 – 11:45

GP/LP Relationships – “The Art of Possible”• How active should a GP be in building new LP relationships in periods when

it is not fundraising?

• What can a GP to mitigate LP perceptions of risk in CEE/CIS?

Peter Jadersen Managing Partner – Pyramid Private Equity Partners

Dmitri Fedosov Investment Director – Aton Capital Partners

Ulf Persson Managing Partner – MINT Capital

Fraser Van Rensburg Founding Partner – Asante Capital Group LLP

Dmitri Fedosov

Peter Jadersen

Ulf Persson

Fraser Van Rensburg

Global Private Equity Penetration, 2010–2011

PE Investment/GDP (%)2.50

2.00

1.70

2.50

1.110.98

1.29

0.38

0.75

0.33

0.14 0.14 0.07 0.130.01 0.01 0.04 0.04 0.03 0.010.01 0.01

0.12 0.10 0.100.22

0.10 0.100.090.06 0.060.08

1.50

1.00

0.50

0.00Israel United

StateUnited

KindomIndia China Poland South

AfricaTurkey Japan Brazil SSA Russia South

KoreaMENA Mexico

2010

2011

Sources: Emerging Markets – EMPEA | United Kingdom – Centre for Management Buy-Out Research | United States – PitchBook Israel – Israel Venture Capital Research Center | Japan – Asia Private Equity Review

All GDP data – International Monetary Fund | Methodology: Annual private equity investment divided by annual gross domestic product.



Room B

Buy Outs Across the Continent – Where the Deals Will Come From?Przemyslaw Glebocki Managing Director – Mezzanine Management Ukraine

Ilan Azouri Founder – Ilan Azouri & Co’ Investments

Benedicte Perrier Executive Director – UBS

Christian Weyer President – Enerfin SA

Przemyslaw Glebocki

Ilan Azouri

Christian Weyer

Room C


10:30 – 11:45

Russia/CIS/CEE investing: Which Sectors are a Goldmine and which are Traps?

Emmanuel Blouin Managing Partner – Esterel Capital

Robert Sasson Senior Managing Partner – UFG Private Equity

Andrey Yakunin Co-founding Partner – Venture Investment & Yield Management LLP

Emmanuel Blouin

Robert Sasson

Andrey Yakunin

Discussion Groups

Stream 5

Region 2003 2004 2005 2006 2007 2008 2009 2010 2011 1H2012

Brazil 321 120 474 1,342 5,285 3,020 989 4,604 2,461 1,271

China 1,667 1,389 2,991 8,200 9,458 8,994 6,288 9,190 10,529 3,962

India 456 1,272 1,377 5,687 9,905 7,483 4,011 6,222 6,172 1,571

Russia/CIS 113 240 240 402 805 2,647 217 1,516 1,579 639



12:15 – 13:30

The Current Stage in the Real Estate Investment Cycle – Is it Finally “Time to buy”?

Dr. Franz Jurkowitsch CEO – Warimpex Finanz – und Beteiligungs AG

Patricia Goodenough President – Advent UK

Konstantin Fedotov Director, Capital Equity Markets – Societe Generale


Dr. Franz Jurkowitsch

Patricia Goodenough

Konstantin Fedotov

Room A

What are the Most Interesting Growth Markets in Eurasia? David Herbada Chief Iinvestment Officer – Al Falah Growth Fund

Brooks Preston Partner – VGF(Virgin Green Fund) Emerging Markets

Dr. Sabine Schaffer Managing Partner – Pro-Invest

Room B

Brooks Preston

David Herbada

Dr. Sabine Schaffer

EM PE Investment Totals by Select Markets, 2003–1H 2012 (US$m)

Sponsor


Effective Capital Group

About Us Effective Capital Group (ECG), founded in 2010, provides a full range of corporate advisory services in merg-ers and acquisitions, corporate and financial restructurings, capital raising and other corporate finance is-sues to companies operating in Russia. It has a particular focus on investing in and structuring private equity transactions in Russia.ECG has its registered offices in Russia, Switzerland and Cyprus. The core of our investment and operating team is based in Moscow, Russia.

Our Team Our senior team is comprised of seasoned & multilingual investment professionals with vast experience in private equity, capital raising and corporate finance. Our principals have a proven track record of raising and operating Russia-focused private equity funds, running prominent Russian and international financial institutions, structuring high profile private equity transactions and providing corporate finance advice. This set of skills is further strengthened by the extensive experience in launching or/and managing companies in various industries, including successful business turnarounds and restructurings. Our team is deeply rooted in Russia’s business world and network and benefits from a combination of its international experience, combined Russian and Western education and its knowledge from the inside of the Russian investment and business environment. The combined related deal execution and business manage-ment experience of ECG team is well over 100 years.

Expansion Capital to Russian Companies Currently, our efforts are focused on a new, independent, private equity fund that will provide medium-term institutional quality expansion capital to carefully selected companies operating in Russia in the mid-market space in rapidly growing or restructuring sectors. In select few cases, co-investments with Western European family offices, and with other PE funds operating in Russia, will be considered. Further details may be pro-vided to qualified investors only. A username and password for pre-existing relationships may be obtained from www.effcapital.com.

Contacts

Address: 31/35, 3rd Tverskaya-Yamskaya St., Moscow, 125047, Russia Tel: +7 (499) 978 1141, +7 (499) 968 9988 Fax: +7 (499) 978 7196 E-mail: [email protected] www.effcapital.com

Networking Café Sponsor


Our Principals

Andrey Serebryakov Founding Partner

18 years’ experience in Russia and internationally, including International Financial Club Bank, International Investment Bank, Russian Commercial Bank (Cyprus) Ltd (part of VTB Group), National Reserve Bank, Bank Imperial, as well as several PE transactions originated and executed in Russia independently

Dimitri Elkin Managing Director20 years’ experience internationally and in Russia, including UFG Private Equity, Kohlberg Kravis Roberts & Co., Ruslan Investment Corp (SPAC), Lehman Brothers, Cannon Associates

Nikolay Khalko Managing Director24 years’ experience, including Amtel-Vredestein, GAZ Group, Deutsche Bank (London and Moscow), ING Bank Eurasia, Bank Olymp, Belarus Bank

Alexey Neradovskiy Managing Director18 years’ experience, including Communication Systems, International Financial Club Bank, Volzhskaya Media Company, Sistema Mass-Media, Skylink, Sonet, Sistema Telecom, Lexington Capital Group, Societe Generale, Russian Privatization Center

Thomas John Gallagher Head of Investor Relations36 years’ experience, including Exchequer Capital, Sky Bridge Capital, Valartis Asset Management, Alstra Capital Management, Moore Capital, Oak Hill Platinum Partners, Davis Polk & Wardwell LLP, Milbank, Tweed, Hadley & McCloy LLP, Gallagher & Blitz, Chadbourne Parke, Joint Committee on Taxation of The Congress of the United States

Maria Efremova Head of the Moscow Representative Office of Effective Capital Limited15 years’ experience, including International Financial Club Bank, New Russia Growth Consulting Limited (Volga River One Capital Partners L.P.), Norilsk Nickel, Inter RAO UES, RAO UES of Russia, Russian Ministry of Foreign Economic Relations

For other team members – please see our site: www.effcapital.com

Moderators


Moderators

Alexander Abolmasov Director New Russia Growth (NRG)

Prior to joining NRG Alexander was a Corporate Finance Director of Arbat Capital,

investment company with over US$ 700 mln under management. Before that Alexander

worked for Zindel Investment Partners as a director responsible for deal origination,

execution and portfolio company development. Earlier he worked for an investment

banking boutique, where he managed M&A transactions in Oil&Gas, Utilities, Retail,

Forestry and other sectors with total deals value over $500m. Also Alexander ran a

successful leasing company as an executive director. Alexander graduated from New (Russian) Economic School

(Moscow) with MA in Economics and Novosibirsk State University with BA in Economics and Finance. He also attended

Finance Executive Program at London Business School.

New Russia Growth Private Equity Advisors (NRG) Based on in-depth industry analysis we identify investment opportunities in fast

growing privately held companies in Russia, Kazakhstan, Ukraine and other countries

of the former Soviet Union. We attract the best industry experts and financial specialists

to help portfolio companies raise their capitalization through active involvement in

strategic and operational management. Our particular expertise lies within corporate

finance area: development of company business plans and budgets, M&A strategy, capital structure, bank and

capital markets financing, corporate governance, pre-IPO operational and legal structuring, liaising with investment

banks, auditors and legal advisors.

Jamil Akhundov Investment Director, Private Equity Silk Invest Ltd

Investment Director at SilkInvest, covering Eurasia and North Africa;

Over 12 years of investment banking private equity and advisory experience in Eurasia

region; Set-up a first corporate finance and strategy advisory boutique in Azerbaijan;

Investment professional at Merrill Lynch Commodity Partners, overseeing investments

in EMEA; Investment banker at Morgan Stanley in London, advising on M&A and capital

raising in Eurasia and other emerging markets; Banker at EBRD, working on number of debt and equity transactions

in Eurasia region; Education: MBA(Nantes/Bilbao),DipEcon(Warwick),BA(Keele), DipLaw(Baku);


Moderators

Dr. Dmitriy Antropov Private Finance Partners Group AG

Dmitriy Antropov is a member of the private finance team of Partners Group responsible

for deal origination, due diligence and monitoring of infrastructure fund and direct

investments. He also has a specific focus on sourcing and analyzing private market

investments in Russia and CIS. Prior to joining Partners Group, Dmitriy was employed

by Unicredit in Moscow as a relationship manager for large multinational clients.

Furthermore, he worked at L.E.K. Consulting and Apax Partners in Munich. Dmitriy

holds a PhD from Finance Academy, Moscow, a master's degree in European Business from ESCP-EAP, Paris and a

master's degree in International Business from EGADE, Monterrey. He also is a certified Financial Risk Manager.

Partners Group AG Partners Group is a global private markets investment management firm with over

EUR 27 billion in investment programs under management in private equity, private

debt, private real estate and private infrastructure. The firm manages a broad range

of limited partnerships and customized portfolios for an international clientele of institutional investors who are

seeking direct exposure to individual private markets assets.

Ilan Azouri Founder Ilan Azouri & Co’ Investments

Ilan Azouri is active within investments in several sectors (mainly real estate, high tech

and Media). Mr. Azouri has accumulated over the years substantial business experience

within investment, managerial and financing activities, in several industries, both as a

businessman/investor & entrepreneur as well as an attorney. Mr. Azouri has initially

practiced law and among others was the owner of an Intl’ business law firm and then

has been active on business investment activities. Mr. Azouri holds an Intl’ Executive

MBA degree from the Kellogg School of Management, Northwestern University (US) and a law degree (honors)

from the University of Essex (UK).

Ilan Azouri & Co’ Investments Ilan Azouri is active within investments in several sectors (mainly real estate, high tech

and Media). Mr. Azouri has accumulated over the years substantial business experience

within investment, managerial and financing activities, in several industries, both as a

businessman/investor & entrepreneur as well as an attorney. Mr. Azouri has initially practiced law and among others

was the owner of an Intl’ business law firm and then has been active on business investment activities. Mr. Azouri

holds an Intl’ Executive


Moderators

Dmitry Bosky Director General Aton Capital Partners

Born May 21, 1959. Graduated with Honours from the University of California, Berkeley in 1981, gaining a degree in Operations Research, Accounting and Finance. In 1983, earned an MBA degree from Harvard Business School, where he was elected President of the International Business Club. After working at Shell Oil, joined Los Angeles-based Security Pacific Venture Capital Group, where he eventually rose to the position of Managing Director Europe. He opened and ran the first international office in the UK and managed the group's interests in portfolio companies in the USA, Britain, Germany, France, Switzerland

and Belgium. He also advised Margaret Thatcher on issues of entrepreneurship in Eastern Europe and the CIS. Since founding it in 1992, Mr. Bosky has been Chairman of Berkeley Capital Partners, with offices in London and Moscow. He served as an advisor to the European Bank for Reconstruction and Development from 1994 to 2009. Until 2004, he chaired the Board of Directors of X5 Retail Group N.V. Member of the Board, Chairman of the Audit Committee of SUEK (Siberian Coal and Energy Company). Since 2008, CEO of Aton Capital Partners, the private equity division of IG Aton. On November 26, 2008, Mr. Bosky won the Association of Independent Directors' "Independent Director of the Year" award. He is a Fellow of the Royal Society of Arts, and has published a number of articles and edited a book on private equity.

Aton Capital Partners Aton Capital Partners provides growth capital to fundamentally sound, profitable or approaching profitability mid-market companies. Our team combines deep Western

private equity expertise with native market knowledge and demonstrated industrial management skills. We value entrepreneurs whose business vision and mission are both ambitious and pragmatic. We exercise appropriate direct involvement and provide assistance to business leaders of portfolio companies to minimize mistakes and accelerate the execution of strategy.

Emmanuel Blouin Managing Partner Esterel Capital Emmanuel Blouin is the Founder and Managing Partner of Esterel Capital, an investment boutique focusing on property and special situations transactions across Europe since 2008. Emmanuel is Non Executive Directors of AIM-listed RGI International, one of the prominent Russian developer specialising in quality real estate and active in Moscow and its region. He is also Non Executive Director of XXI Century, an AIM-listed developer specialising in retail developments in Kyiv and the major cities of Ukraine. Emmanuel was formerly an investment banker and investor with Morgan Stanley/MSREF, JPMorgan

and BNP Paribas. Over his 20 years career, Emmanuel has been involved in transactions having an aggregate value in excess of €50 billion across Europe. Emmanuel is a graduate of HEC Paris with a major in Finance.

Esterel Capital LLPFounded in 2008 by Emmanuel Blouin, Esterel Capital LLP is a London-based boutique proving Investment and Advisory services in real estate and finance. Esterel Capital

invests in real estate opportunities worldwide, either buying directly into properties or projects or by taking positions into property companies or developers, with a main focus on Europe as well as Emerging Markets. Esterel Capital deliberately positions itself as an “Entrepreneur-friendly” firm. It has a young and dynamic team with a multi-disciplined academic and professional background, excellent reputation and relationships. | www.esterelcapital.com


Moderators

Ilya Brodsky Director SPRING

Ilya Brodsky is a Director of SPRING. Ilya is managing private equity projects of the company. Prior to joining SPRING, Dr. Ilya Brodsky was a secretary of the Russian Science Support Foundation, which is one of the largest private science charity foundation in Russia. In 2002, he graduated from the American Institute of Business and Economics (MBA program). He holds a PhD in Theoretical Physics from P.L. Kapitza Institute for Physical Problems and an MSc with honours in Condensed Matter Physics from Moscow Engineering Physics Institute. SPRING is a management company which is running a number of traded security funds and

private equity projects in Russia. Most of the PE projects relate to utility sector. The scope of investments includes mining projects, communal services, small-scale generation, electricity distribution and retail, and repair services in generation. SPRING investments vary from holding of below blocking stakes to acquisition of control. Following completion of a few successful exists in 2010, SPRING is working now on launching new PE projects in non-utility related areas.

SPRING SPRING is a management company which is running a number of traded security funds and private equity projects in Russia. Most of the PE projects relate to utility sector. The scope of investments includes mining projects, communal services, small-scale generation, electricity distribution and retail, and repair services in generation. SPRING investments vary from holding of below blocking stakes to acquisition of control. Following completion of a few successful exists in 2010, SPRING is working now on launching new PE projects in non-utility related areas.

Sergey Bubnov Managing Director RT Invest

Mr. Bubnov is Head of the CIS Securities Management Group at Renaissance Asset Managers (RAM). In this capacity he is in charge of RAM closed end funds business, including private equity funds. In particular, within Mr. Bubnov’s responsibilities is the supervision of RenFin and RenFin II funds, the two RAM funds dedicated to the CIS financial institutions investments with over $300m in assets under management. Additional closed end funds which are under Mr. Bubnov’s supervision are the Renaissance Pre-IPO fund and the Renaissance Russia Distressed Assets Fund. Mr.

Bubnov is also a fund manager for the Renaissance Russian Power Utilities Fund investing in Russian power stocks.

Before joining Renaissance Capital Asset Management Mr. Bubnov was Principal Banker with the Power & Energy Team of the European Bank for Reconstruction and Development (EBRD). Mr. Bubnov has also held positions as Vice President of initially Credit Suisse First Boston (CSFB) and then Merrill Lynch in charge of equity research of power, as well as telecommunications, pulp and paper and building materials sectors in Russia and other CIS countries. Mr. Bubnov has an MBA and an MA degree from the University of Chicago.

RT InvestRT Invest was set up under the umbrella of Russian Technologies State Corporation in order to carry out private equity investments in Russia including through creation and management of equity funds. RT Invest strategy also

provides for investment in foreign companies with a view to transfer cutting-edge technology that may be successfully applied in Russia. RT Invest has a team of professionals with many years of experience in private equity and venture capital, management of private equity funds as well as technology transfer.


Moderators

Daniel Confino Founder Merger ID

Gleb Davidyuk Managing Partner iTech Capital

Gleb has more than 14 years of private equity experience in both Western and Russian private equity funds. Prior to founding iTech Capital Gleb spend 5 years (2005-2010) as a Partner with Mint Capital, midsized Scandinavian private equity fund actively investing in the Russian market. Before that Gleb worked for more than 5 years (2000-2005) as Managing Director at Alfa Capital Partners, where he was also one of the co-founders. Gleb Davidyuk has gained valuable regional investment experience from four years work (1996 - 2000) with Central Russia Regional Venture Fund - an EBRD-sponsored private equity fund managed by Quadriga Capital Russia. Gleb graduated from the Yaroslavl

State University with Ph.D. in Finance (2000). Graduated Executive MBA at the University of Chicago GSB (Booth School of Business, 2010). Holds a B.S. degree from the Ivanovo State Power University (1997). Native Russian speaker, Gleb Davidyuk is fluent in English.


Moderators

Jan Dewijngaert Director Buyouts & Growth-Central Europe & Russia GiMV

Jan Dewijngaert (1959) is Director Buyouts & Growth Central Europe & Russia at Gimv, a leading European private equity company.He is also Managing Director of Eagle Capital Partners and Gimv Czech Partners.He is a member of the Investment Committee of various funds and director of various companies in Central and Eastern Europe. Jan Dewijngaert studied Civil Engineering and Industrial Policy at the KU Leuven. Before joining Gimv in

1989, he worked for 5 years for KBC Bank in Brussels, Bremen and New York.

GiMV Gimv is an independent, multi-style European investment company with 30 years of experience in private equity and venture capital.

Gimv undertakes buyouts and provides growth capital to established companies through local teams in Belgium, France, The Netherlands and Germany. Gimv invests venture capital in high tech sectors through its specialist teams in Life Sciences, Technology and Cleantech.

Gimv is also active in infrastructure projects (Benelux) and in Central and Eastern Europe through various partnerships. In Russia, Gimv is represented via Eagle Venture Partners. Gimv also invested in Capman Russia and in Genesis Private Equity Fund II (active in the Czech Republic and Slovakia). In addition, Gimv has a Prague based representative for Central Europe and continues to pursue new initiatives in the region.

Kamal El-Tayara Managing Partner KCP Capital

Mr. El-Tayara is the Managing Partner of KCP Capital, a Dubai-based merchant bank, and has over 15 years of experience working in the investment banking and financial transactions arena in the Middle East and other markets.

Prior to establishing his own firm, Mr. El-Tayara was with investment banks Merrill Lynch and Salomon Smith Barney. In early 2003, he managed the corporate finance initiatives of MBC Group, MENA's largest media company, where he participated in the set up of Alarabiya News Channel, for which he acted as CFO. Mr. El-Tayara also set up the Swiss EFG Bank in Dubai, for which he acted as the Dubai Head.

Mr. El-Tayara holds a Bachelor's degree in Electrical Engineering from the American University of Beirut and an MBA from INSEAD in Fontainebleau, France. Mr. El-Tayara is fluent in English, French and Arabic.


Moderators

Pavel Erochkine Deputy CEO Rusnano Capital LLC

Pavel Erochkine joined RUSNANO Capital in April 2010 as Project Director. In December 2010 he was promoted to Deputy CEO. Before joining RUSNANO Capital, Pavel Erochkine was a managing director and head of the London office of Asteria Capital Ltd, which consults to Russian, Chinese, Indian, and Central Asian companies wishing to acquire assets in the European Union. He successfully completed more than 20 such transactions including acquisition of technology and mining companies and hotels. Mr. Erochkine's previous professional experience includes working as advisor to Lord Skidelsky, House of Lords (UK), and researcher at the Centre for Global Studies, where he conducted extensive work on

high-technology companies in Russia. He also worked at investment bank UBS Warburg and Procter and Gamble.

Mr. Erochkine holds a Bachelor of Science degree in economics and international studies from the University of Warwick as well as a Master of Science degree in economics from the London School of Economics and Political Science.

Rusnano Capital RUSNANO Capital is a subsidiary of OJSC RUSNANO and was established in 2010 for the purpose of fund management and corporate control of RUSNANO investment. Key goals assigned to RUSNANO Capital are innovative technology transfer to Russia and attracting

foreign investment capital for co-investment in Russian nanotechnology projects. Total assets under management RUSNANO Capital are $ 1 billion, currently registered and started five investment funds focused on such industry sector’s as medicine and pharmaceutics, “green” technologies and alternative energy, developing new materials.

Dimitri Elkin Managing Director Effective Capital Group (ECG)

Dimitri Elkin is a Managing Director with ECG, a Moscow based private equity firm. Previously, he served as one of the four general partners with UFG Private Equity, a leading Russian private equity organizaiton with $500mm under management. At UFG, he was responsible the establishment of UFG Private Equity Fund II in 2007-2008, and led UFG's investments in Russian Alcohol (2008), NovocoRent (2009), and Brunswick Rail (2010). His previous experience includes Ruslan Investment Corp. (a SPAC designed to raise funds on Euronext), KKR and Lehman Brothers. He holds an undergraduate degree in mathematics from Moscow State University, and an MBA from Harvard Business School.

Effective Capital Effective Capital Group (ECG), founded in 2010, provides a full range of corporate advisory services in mergers and acquisitions, corporate and financial restructurings, capital raising and other corporate finance issues to companies operating in Russia. It has a particular focus on investing in and structuring private equity transactions in Russia.

ECG has its registered offices in Russia, Switzerland and Cyprus. The core of our investment and operating team is based in Moscow, Russia.


Moderators

Dmitri Fedosov Investment Director Aton Capital Partners

Dmitry Fedosov is Investment Director at Aton Capital Partners and a board member of Henderson Russia. Prior to his current position, Dmitry worked as Vice President at the investment company Arlan in Moscow and as CEO of a portfolio mining company in South Africa. Besides investment in Africa, he led investments in e-commerce and real estate. In 2005-2007 he was with Mint Capital and completed investments in financial services, IT services and packaging. Prior to joining Mint he gained experience in management consulting at L.E.K. Consulting and Roland Berger Strategy Consultants and led telecom financing projects at Siemens AG in Moscow and Munich. Dmitry holds a masters' degree

in international economics from the Russian Economic Academy in Moscow, a Master of Business Research degree from

the Ludwig-Maximilians-University in Munich (DAAD scholar) and MBA from London Business School.

Aton Capital Partners Aton Capital Partners provides growth capital to fundamentally sound, profitable or approaching profitability mid-market companies. Our team combines deep Western private equity expertise with native market knowledge and demonstrated industrial

management skills. We value entrepreneurs whose business vision and mission are both ambitious and pragmatic. We exercise appropriate direct involvement and provide assistance to business leaders of portfolio companies to minimize mistakes and accelerate the execution of strategy.

Konstantin Fedotov Director, Capital Equity Markets Societe Generale


Moderators

Roberta Feldman–Brzezinski Partner, Ukraine Abris Capital Partners

Roberta F. Brzezinski is a partner at Abris Capital Partners, a private equity fund manager focusing on middle-market buyout investments in Central and Eastern Europe with offices in Warsaw, Kiev and Bucharest. Ms. Brzezinski manages Abris' operations in Ukraine. Before joining Abris, Ms. Brzezinski was a managing director at EMP Global, where she led deals in Asia and Central/Eastern Europe. Prior to that, Ms. Brzezinski was based in Moscow with NCH Advisors, where she established and managed a private equity team. Ms. Brzezinski began her career with the International Finance Corporation. She holds an MBA from

Georgetown and an AB from Harvard.

Abris Capital Partners Abris Capital Partners is a leading independent private equity fund manager, focused on mid-market opportunities in the major countries of Central and Eastern Europe (CEE).

Przemyslaw Glebocki Managing Director Mezzanine Management Ukraine

Pzremyslaw started his professional career in Ernst & Young Audit and then moved to the Corporate Finance department of Ernst & Young in Warsaw. In 2005 he joined The Mezzanine Management Group where he works as an Investment Director. In 2008, Przemyslaw launched the Kiev office of Mezzanine Management from where he covers Ukraine and other CIS markets. He represents Accession Mezzanine Capital's interest in investments in Ceres, Borsodchem, Nidan Soki, SAD, Star Galaxy, Telelink and Zaberd.Przemyslaw holds a Master degree in Finance and Banking from the Warsaw School of

Economics and has pursued study programs in the U.S. and Netherlands.

Mezzanine Management Central Europe Through the Accession Mezzanine Capital (AMC) funds it advises, Mezzanine Management Central Europe Ltd. (MMCE) provides mezzanine capital to existing corporates as well as to financial and strategic investors in Central and Eastern Europe.m


Moderators

Patricia Goodenough President Advent UK

Patricia Goodenough is the President of Advent UK Ltd and manages a group of other companies with 20 years experience in cross-border transactions and corporate structuring. She started in top-level PR and communications, has worked with a Swiss bank & lived in Switzerland, with US corporations & lived in the USA, is now mainly between London, Paris & St Petersburg and is fluent in English and French.

For over 10 years Advent UK has advised CEOs of Russian and CIS mid-market companies on access to Western capital, VC, PE and JV opportunities. Sectors of activity include real estate, natural resources, industry, financial institutions and multi-media principally in the Regions.

Advent UK Advent UK is a member of the FBCCI, the RBCCI, the Institute of Directors and International Financial Services London.

ADVENT UK is a British company specialized in company implantation and business development between Great Britain, Europe, MENA region, India and Russia.

We are being approached more and more frequently by companies and entrepreneurs in Europe, the MENA region (Middle East and North Africa) India & Russia/CIS, all of whom share one main objective: to research and negotiate a technical and/or financial business

relationship with Western industry partners/investors.

Marcin Hejka Managing Director CEE, ME & Africa Intel Capital

Marcin Hejka – Intel Capital Managing Director for Central Eastern Europe Middle East and Africa Intel Capital. Managing team of Investment Directors responsible for sourcing, analyzing, completing and monitoring Intel's strategic equity investments in Central Eastern Europe, Russia/CIS, Turkey, Middle East and Sub Saharan Africa. Marcin is Supervisory Board member of Agora S.A. and is serving in boards of several Intel Capital portfolio companies including AVG, Siveco and iMall. Marcin is also Vice President of Polish Venture Capital and Private Equity Association since 2004. Prior to joining Intel Capital in 1999 he was Investment Director at the Poland Growth Fund (1995-1999), Resident Polish Specialist at

Banexi (1993), an investment arm of BNP, and Financial Analyst at Paribas Capital Markets Group (1990). He also served as a Supervisory Board Member in Kredyt Bank (1997-1999) and Bank Komunalny (1995-1999), two Polish banks listed on the Warsaw Stock Exchange and Deputy Chairman of the Supervisory Board of Dromex (1998-1999), the largest Polish road construction firm. Marcin has an MA in Economics from the University of Gdansk.

Intel Capital Intel Capital's vision is to be the preeminent global investing organization in the world. Our mission is to make and manage financially attractive investments in support of Intel's strategic objectives.


Moderators

David Herbada Chief Investment Officer Al Falah Growth Fund

David is the Chief Investment Officer for Al Falah Growth Fund and reports di-

rectly to the Board of Directors of the GP. Al Falah Growth Fund is a generalist

500M$ PE fund sponsored by the governments of Abu Dhabi and Kazakhstan,

and Ordabassy Corporation, with sole focus on CIS. David has an outstanding

prior PE investment track record across CIS, SEA, MENA and Europe comprising

over 195M$ in investments closed, 410M$ in fully realized exits, up to 1B$ in assets

under management, and 375M$ fundraised for new Emerging Markets PE funds. Other key career highlights

include his prior positions as Director of the Emerging Markets business unit of Dubai International Capital;

General Manager and Investment Director for Durlacher Panmure, part of Lazard Group at that time; and

Senior Consultant for Accenture. Mr. Herbada has an MSc in Industrial Engineering from ETSIIM, an MBA from

IEDE, CFSGM Diploma from INSEAD, and Advanced PE Management Diploma from EVCA.

Peter Jadersen Managing Partner & Co-founder Pyramid Private Equity Partners

Managing Partner & Founder Global Academic Partners

In 2005, Mr Jädersten and his partner Björn Klarin, launched a placement agent service in the Middle East. The company has worked with assignments in venture capital funds, growth funds, buyout funds, distressed funds and hedge funds. Peter Jädersten is based in Abu Dhabi, The United Arab Emirates since December 2006. Mr Jädersten also founded

another advisory company in 2011, Global Academic Partners, focusing on advising business schools and other academic institutions in fundraising and internationalization.Peter Jädersten has been in fundraising and business development for 21 years and was responsible for INSEAD's global fundraising until June 2007. He is currently also the Executive Director of the INSEAD Abu Dhabi Campus with a focus on strategic relationships. At INSEAD, Mr Jädersten has started up, developed and fundraised for the campus in both Singapore and Abu Dhabi, the school's activities in China and fundraising in Northern Europe.Prior to INSEAD, he was with the Stockholm School of Economics for twelve years, where he founded and built up Executive Education to one of the larger players in Europe and founded the Executive MBA Program. He also taught Accounting and Finance at The Stockholm School of Economics and has a Masters degree from the Stockholm School of Economics.Mr Jädersten has also founded several start-up companies including an educational software company, Knowledge Bridge, Shanghai, China. Peter Jädersten has lived and worked in Sweden, Switzerland, France, Singapore and the UAE.

Pyramid Private Equity Partners We are a Middle East placement advisor dedicated to supporting carefully selected private equity funds, hedge funds and direct private equity transactions in their efforts to fundraise capital in the Middle East.

Our team is based in the Abu Dhabi, Paris and Stockholm, and the company was founded in 2005. We are an independent company focusing on developing relationship with prominent investors primarily in the Middle East.


Moderators

Dr. Franz Jurkowitsch CEO Warimpex Finanz – und Beteiligungs AG

Dr. Franz Jurkowitsch (Austrian citizen) is chairman, co-founder and co-owner of Warimpex Finanz – und Beteiligungs AG. Dr. Jurkowitsch has worked in real estate development and investment business in Hungary, the Czech Republic, Poland, Germany, France, Romania and Russia since 1985. He is chairman of the Supervisory Board of Vienna International Hotelmanagement AG (since May 1999), member of the Supervisory Board of S&T System Integration & Technology Distribution AG (since June 2004), and of Sigmund-Freud-Privatstiftung (since October 2003). Mr. Jurkowitsch

graduated from the University of Economics in Vienna. He also holds a doctorate from the University of Economics in Vienna (since 1971).

Warimpex Finanz und Beteiligungs AGWarimpex Finanz – und Beteiligungs AG is a property development and investment company with its headquarters in Vienna and offices in Budapest, Prague, St. Petersburg

and Warsaw. Over the past twenty-five years, Warimpex has developed properties worth over one billion euros in Central and Eastern Europe. Warimpex currently owns or jointly owns twenty-one business and luxury hotels with over 5,000 rooms in total and five commercial and office buildings with a total useable area of roughly 32,000 square metres. The Warimpex share is listed on the Vienna and Warsaw (WXF) stock exchanges.

Hanna Loikkanen Senior Advisor East Capital

Hanna Loikkanen Finnish national, Chief Representative East Capital, Moscow Private Equity,joined East Capital in November 2007 and has over 15 years of experience in working with financial institutions in Russia and Eastern Europe. Prior to joining East Capital Ms. Loikkanen served as the Country Manager and CEO for FIM Group in Russia, she was responsible for setting up and running the Group's brokerage and corporate finance operations in Russia. Before joining FIM Group she worked for Nordea Finance for several years in various management positions in Poland, Baltic States and Finland. Prior to Nordea,

Ms. Loikkanen worked for Merita Bank in St. Petersburg as well as SEB in Moscow. Ms. Loikkanen has a Masters degree in Economics and Business Administration from the Helsinki School of Economics.

East CapitalEast Capital is a leading independent asset manager specialising in the financial markets in Eastern Europe and China, with around EUR 3.8bn in assets under management, both in public and private equity.


Moderators

Eric Maillebiau Managing Partner Da Vinci Capital

Eric is in charge of business development for the Da Vinci Capital Group companies. He has 15 years of banking and investment management experience in Russia and other emerging markets. Prior to joining Da Vinci Capital, Eric was the founding partner of CapEos, an advisory boutique focusing on attracting institutional funding to Russia and other CEE countries. Before founding CapEos, he was the head of AIGGRE office in Moscow, from where he was leading AIGGRE investments in Russia and the CIS. Prior to AIGGRE, Eric was a senior banker in the Property & Tourism team at EBRD, with which he

held postings in London, Moscow and St Petersburg, and led transactions over the entire CEE region. Throughout his career in investment banking, Eric closed transactions totaling over $700m. He holds a PhD in Transportation Economics from UC Berkeley, a Master in Mathematical Economics from Toulouse School of Economics and is a graduate of Ecole Polytechnique, Paris.

Da Vinci Capital Management Da Vinci Capital Management (www.dvcap.com) is a group of companies focusing on alternative investments, private equity and structured products in Russia and the CIS with offices in Guernsey, London, Almaty and Moscow. Da Vinci Capital is managing USD 300

million under discretionary and advisory management, and is raising a second private equity fund focusing on Eurasian Financial Infrastructure with a target size of USD 200 million. Da Vinci team members have gained experience in leading international management consulting companies and investment banks like McKinsey & Company, Renaissance Capital, CSFB, EBRD, AIG, Accenture and others.

John McRoberts Partner and Co-founder Aurora Private Equi

John is a Partner and co-founder of Aurora Private Equity. John has over 14 years experience working in Russia. Prior to setting up Aurora, John was Head of Corporate Finance Advisory at Deloitte & Touche in Moscow and prior to that he set up Apax Partners' corporate finance operations in Russia (later changing its name to Altium Capital), which provided corporate finance advice to Russian and international clients investing in Russia. John has advised over 40 clients on transactions in Russia, completing

fundraisings for private equity funds, equity private placements for Russian companies and M&A transactions for both international and Russian clients.


Moderators

Ulf Persson Co-founder and Managing Partner MINT Capital

Co-founder and Managing Partner. Prior to CO-founding Mint Capital in 2000, Ulf Persson was in charge of private equity investments at Brunswick, including two years as Managing Director of the $300 million AIG and Brunswick Millennium Fund. From 1990 to 1995, as head of the Russian office of Axel Johnson and later at AIOC, he managed export of metals and raw materials from the CIS to European and US markets. Currently a board member of most of Mint Capital's portfolio companies including Capital Collection Agency, ABBYY, Gameland, 2V Studios, Elecsnet, Verysell and UCMS. Over the past 15 years Ulf has been a board member of

more than 25 Russian companies spanning a wide range of industries. Ulf is a graduate of Stockholm School of Economics and the Swedish Defense Language Institute. Living in Russia since 1990, Ulf speaks Russian fluently.

MINT Capital As a response to Russia's recovery from the crisis of 1998, Mint Capital was founded in Moscow in 2000 to make private equity investments in entrepreneurial companies in Russia and the CIS. Prior to founding Mint Capital, the two principals had collectively spent more than 20 years working for reputable Western corporations and financial institutions investing,

managing and building businesses in Russia to Western corporate standards. In their last employments Ulf Persson represented Brunswick as the head of Russia's largest private equity fund, and Fredrik Ekman built Oriflame, the Swedish cosmetics company, in Russia & CIS from scratch to a $100 million business.

Les Nemethy Managing Director Europhoenix Financial Advisors

Since, 2000, Les Nemethy is the Managing Director of Euro-Phoenix Financial Advisors Ltd. (www.europhoenix.com), one of the largest Central European corporate finance firms, based in Budapest, with offices and representatives throughout Central Europe.

From 1997 to 1999, Mr. Nemethy was CEO of Invitel, (formerly Vivendi Telecom), the second Hungarian telecom operator, owned by Vivendi, GE Capital, Chase Manhattan and others), where he played a role in various acquisitions, including the acquisition of Jasztel, and improving earnings and performance of the company.

From 1993-1997, Mr. Nemethy was a senior specialist with the World Bank in Washington, where he managed projects on behalf of the World Bank in over 20 countries, primarily in the areas of privatization and infrastructure. Mr. Nemethy has taught negotiations to numerous groups (US financial institutions, Chinese Ministry of Railways, etc.) and has taken a personal role in negotiating hundreds of transactions. Mr. Nemethy has bachelor degrees in economics (University of Toronto) and law (Osgoode Hall, Toronto), a masters in political science (University of Toronto) and an MBA (Schulich School of Business, Toronto). Mr. Nemethy speaks fluent Hungarian, English, French and has knowledge of German, Spanish, Italian and Russian.

Euro-Phoenix Euro-Phoenix specialises in Central European corporate finance: mergers & acquisitions (M&A), raising equity, business exit planning, corporate restructuring and valuations. We work in Poland, Romania, Hungary, Czech and Slovak Republics, Croatia, and a host of other CEE countries, across many sectors, including telecom, energy, food and beverage, tourism, construction, etc.


Moderators

Dmitry Piskulov Senior Director Russia Partners Managment LLC

Dmitry Piskulov joined Russia Partners in July 2006 and serves as a Director. Prior to joining Russia Partners, Mr. Piskulov worked for Fitch Ratings, covering the CIS insurance and banking sectors. From 2003 to 2005, Mr. Piskulov worked for the European Bank for Reconstruction and Development, successfully closing a number of deals in the Russian financial sector. From 2000 to 2003, Mr. Piskulov worked for PriceWaterhouseCoopers.Mr. Piskulov is the Chairman of the Board of Directors of Kontakt Insurance and serves as a board member of Kompanion Insurance Group, Centurion Capital, and Independent

Leasing. He is also a member of the Board of Trustees of the Russian Microfinancial Center. Mr. Piskulov graduated with honors with a degree in International Economics and holds a Ph.D. in Economics from the Moscow State Institute of International Relations. He is a member of the ACCA, UK.

Russia Partners Managment LLC Russia Partners, a pioneer in private equity investing in Russia and the CIS, has approximately $1 billion of assets under management. The firm, which is one of the oldest and largest private equity firms in Russia and the CIS, has access to a highly-specialized team of 20+ investment professionals and over 40 total employees in three offices (Moscow, Samara and Kiev).

Brooks Preston Partner VGF (Virgin Green Fund) Emerging Markets

Brooks is a Founding Partner of the Virgin Green Fund Emerging Markets and a member of its Investment Committee. Brooks has been investing in renewable energy in emerging markets since 2005. Prior to founding VGF EM, Brooks was the Principal at Wolfensohn & Company that focused exclusively on low carbon energy investments in global emerging markets. From 2003 to 2008, Brooks had a number of senior management roles at BP plc in emerging markets, including head of global business development and M&A for BP Solar, and Chief of Staff to a Group Vice President running 10 downstream oil businesses

with $450 million in EBIT operating across 100 countries, most of them emerging markets. Brooks was Chief of Staff to the Under Secretary of Natural Resources and Environment and Acting Deputy Under Secretary for Forestry in the Clinton/ Gore Administration. He wrote 15 laws passed by the U.S. Senate as Professional Staff Member at the Agriculture Committee, where he covered forestry, energy and environment. Brooks was the Founder of Clearwater Strategic Community Investing. .

VGF (Virgin Green Fund) Emerging Markets Virgin Green Fund is a leading, independent mid-cap buy-out and growth private equity firm investing capital in the resource efficiency, consumer sustainability, and renewable energy sectors in North America, Europe and Emerging Markets. We manage two investment funds. Virgin Green Fund I, L.P. is a growth equity fund established in 2007 targeting North

American and Europe. VGF Emerging Markets Growth I, L.P. is a mid-cap buyout/growth fund targeting Central Eastern Europe, Turkey, Russia and other CIS countries that was established in 2012, and has announced the formation of the fund with more than $200 million in capital commitments. We deploy growth capital in established product, equipment, service and infrastructure companies with proven commercial success and strong underlying fundamentals operating in our core sectors and geographies. We seek to help management teams increase the value of growth businesses by utilizing our equity, experience and global networks to help companies seize opportunities and solve problems.


Moderators

Robert Sasson Senior Managing Partner UFG Private Equity

Robert Sasson joined the UFG Asset Management team in 2009. He has more than 20 years of experience in the Russian investment market. Prior to UFG, from 2005-2008 he worked with a leading U.S. hedge fund on private equity transactions in Russia and Ukraine. Since 1993 Mr. Sasson served as the head of the St. Petersburg office of the European Bank of Reconstruction and Development and was, among other things, responsible for building a successful portfolio of $1.5 billion of debt and equity transactions. From 1990-1992 Mr. Sasson worked for Phibro Salomon. He holds a degree in Russian Studies and International Government from the University of Exeter.

UFG Private EquityUFG Private Equity is a private equity investment firm with over $500 million in commitments and funds under management in two funds: UFG Private Equity Fund II and UFG Private Equity Fund I. Since its inception in 2005, the firm has invested over $375 million in a diversified portfolio of 18 companies in consumer, food, internet, media and telecommunications, travel, finance and other sectors of economy with an aggregate transaction value of over $1 billion. UFG Private Equity is part of UFG Asset Management, a leading independent provider of alternative investment strategies focusing on Russia and the CIS with total assets under management nearly $1.7 billion.

Dr.Sabine Schaffer Managing Partner Pro-Invest Group

Sabine is Managing Director at Pro-invest Group, an alternative asset manager based in the United Arab Emirates with investment focus on Europe, Middle East and Australia. She started her career at 3i where she focused on investments in FMCG and retail. She then joined McKinsey & Company focusing on Finance and Public Affairs in Europe and the GCC region where she worked on some high profile projects. Most recently, she worked as Director of Investments at Evolvence Capital, a GCC based asset manager, where she was

involved in setting up and managing Private Equity Funds, Fund of Funds as well as helping on capital raising. She holds a Master's degree from Harvard University as well as PhD in Economics from University of Austria.

Pro-Invest Group Pro-invest Group is a boutique investment house with a focus on Private Equity and Real Estate investment. We operate with a family office mentality and our Investment Philosophy accordingly revolves around wealth creation and wealth preservation.

Our prominent network and advisory work provides us with unique access to proprietary investments. We aim to provide direct investment opportunities in assets that we can improve and successfully exit through pro-active management. Our investment opportunities are identified following strict due diligence and risk assessment guidelines.

Our Private Equity and Family Office operation connects our select investors to privileged international opportunities through our integration with a Swiss family office and a prominent European family operation.


Moderators

Michiel Schwartz Managing Director Black-Oak Capital Ltd

Founder and Managing Director of UK based Black-Oak Capital Ltd, working with private equity to acquire and manage financial institutions, with a particular focus on emerging markets in Eastern Europe and the former CIS. In addition, advisor and principal in a real estate venture in India.

Prior to setting up Black-Oak Capital, Michiel worked for over 20 years in senior positions with ABN AMRO across the world. From 2003 until 2005, Michiel headed up ABN AMRO's Credit Markets businesses across Asia Pacific, which included the origination, structuring,

underwriting, distribution and trading of credit products ranging from structured finance to debt capital markets (Securitization, Project and Leveraged Finance, STF, DCM, CDO's, CDS, Infrastructure and Principal Finance). Before that, Michiel headed up ABN AMRO's Global Leveraged Finance business.

Michiel has extensive international experience. After the 1998 Russia crisis, he became ABN AMRO's country head for Russia, where he repositioned and grew the business to become one of the most successful emerging market platforms for the bank. Before that, he was instrumental in transforming the bank's long standing commercial banking presence in Japan to an integrated wholesale/investment bank. Michiel has further banking experience in the US, the Middle East and Brazil. He and his family reside in the United Kingdom.

Kunal Sharma Aloe Private Equity

Kunal Sharma is based in the London office where he is responsible for screening new investment opportunities, whilst providing support for existing portfolio companies. Prior to joining Aloe, Kunal worked for over five years developing several Renewable Energy, Energy Efficiency and Clean Technology projects across Asia, Africa and Latin America. Kunal received Bachelors Degree in Electrical Engineering from IIT Roorkee and Masters in Finance (majoring in Corporate Finance) from London Business School.


Moderators

Ophir Shmuel Director MVision Private Equity Advisers

Ophir joined MVision in 2007. He is an experienced private equity professional with a background in investment banking. At MVision Ophir coordinates a number of fundraisings as well as maintaining and developing relationships with limited partners across Europe and Asia. Previously Ophir spent over four years at Goldman Sachs where he most recently led a research team responsible for the analysis of M&A transactions and equity and debt offerings. Ophir holds a Bachelor of Arts degree with Honours in Law and Marketing from Oxford Brookes University.

Andrey Tsaruk Managing Partner ALTHAUS Consulting

Andrey has an experience in M&A transaction support (including conducting due diligences for Russian and foreign companies including private equity funds), business assets valuation and fund raising transactions

As a Managing Partner of ALTHAUS Consulting Andrey was involved in a number of cross border transactions in transportation, retail, FMCG, real estate, financial services industries. The value of the deals Andrey was involved varied from $5 mln to $200 mln. Andrey has also participated in sale and private placement of Russian companies of

medium and small capitalization to Russian and international institutional and private investors. The amount of capital raised for each company varied from $5 mln to $100 mln.

Andrey has also an experience of working in KPMG in audit and transaction services departments

Andrey graduated with from the State University of Management (Anti-crisis Management faculty) and is a member of the ACCA.

ALTHAUSALTHAUS Group: is an independent investment and consulting Company, offering a full range of financial, tax & legal and valuation services for the existing companies as well as for the investment decisions. ALTHAUS Consulting is a consulting division of the Group, offering

M&A transaction support, express and full scope due diligence (finance, tax and legal), business and assets valuation, preparation of IFRS financial statements. ALTHAUS Capital is an investment banking division of ALTHAUS Group, which is specialized in M&A deals execution, asset and business sale advisory, fund raising assistance to Russian companies through debt or equity financing (including private placement).


Moderators

Levan Vasadze Chairman Prometheus Capital Partners

Levan Vasadze has 13 years of experience in private equity, investment banking and CEO operations in Russia and the CIS. Most recently, he was CEO of the insurance company ROSNO culminating in a sale to Allianz at a 43X multiple of Allianz' initial investment. Prior to that, Levan was First Vice President of Sistema Corporation, Russia's largest non-energy conglomerate. At Sistema, Levan, as its First Vice President, was in charge of Corporate Strategy and Development of the conglomerate. He lead four public offerings of Sistema affiliates on the London Stock Exchange and one of the NYSE. Levan has an MBA from Emory University in Atlanta and an MS in geophysics from Tbilisi State University.

Prometheus Capital Partners Prometheus Capital Partners is a Moscow-based private equity fund investing both its own and third-party capital in Russian and CIS companies.

The group is led by Levan Vasadze, a highly experienced executive with a long history of creating 50+% returns on capital in Russia and the CIS. As First Vice

President of the conglomerate Sistema Corporation, Levan was in charge of corporate strategy and development; led the sourcing, review and execution of new acquisitions; and served on the boards of numerous subsidiary companies. During his tenure he oversaw no less than five successful IPOs of various businesses, including the 2005 London Stock Exchange IPO of Sistema itself – the largest ever Russian IPO at the time.

Fraser Van Rensburg Founding Partner Asante Capital Group LLP

Fraser van Rensburg is a highly experienced private equity advisor with a corporate finance, operational and entrepreneurial background and founding Partner of Asante Capital Group LLP. Prior to Asante, Fraser was a Senior Partner at MVision Private Equity Advisers and led a number of the group's largest global fundraisings both in developed and emerging markets, as well as maintaining relationships with limited partners throughout Europe, the US, the Middle East, and Far East.


Moderators

Andrey Yakunin Director Co-founding Partner Venture Investment & Yield Management LLP

Andrey heads the firm's investment strategy, finance and investor relations function for its private equity growth capital and real estate investment platforms focused on the emerging markets of Russia & the CIS, with an overall responsibility for US$ 400+ million in AUM. With more than 15 years of experience in international business operations, consulting and commercial real estate, he successfully manages assets in a number of Russia's leading hotel and multi-use real estate projects, runs the VIYM investment

team specializing in Russia's SMEs in consumer-driven industries, B2B services and industrial production as well as serves on the BoDs of several VIYM investees. Andrey's hospitality real estate experience includes bringing the leading international hotel operators to Russia, including the largest hotel group globally IHG, the most dynamic international operator the Rezidor Group and the Four Seasons Hotels & Resorts deluxe hotel operator. VIYM is active across 25 most vibrant regional city centers in Russia from Kaliningrad to Vladivostok as well as select locations of the Greater Europe. Its hospitality Real Estate platform includes all the segments from luxury to budget including the 1st Four Seasons hotel in Russia, an upscale mixed-use project with Crowne Plaza hotel and the Regional Hotel Chain with Park Inn by Radisson and Holiday Inn Express hotels. Prior to VIYM, Andrey worked in various financial consultancy roles with strategic development, investment consultancy and tax planning responsibilities in such teams as Rocco Forte's New Hotel Group, MCD-Pannell Kerr Forster and Europe Management-Invest. Andrey holds an MA in Economics & Mathematics, a PhD in Finance & Credit and has served as an Associate Professor in Financial Management at St. Petersburg State University. He holds a joint MBA degree from London Business School and Columbia University GSB. Andrey is fluent in Russian and English with a good command of German, and currently takes courses in Mandarin.

Venture Investment & Yield Management LLP Venture Investments & Yield Management LLP (VIYM) is an independent partnership focused solely on private equity investments in the emerging markets of Russia and CIS. Established in London since 2006, VIYM also operates from its two offices in Moscow and St. Petersburg. The partnership provides exclusive project sourcing and asset management services to institutional and private investors into real estate and growth capital alternative asset classes.

Christian Weyer President Enerfin SA

Christian Weyer is an international banker and financier with over 50 years of experience. Mr Weyer began his banking career with Chase Manhattan Bank as a senior credit officer in Paris and Geneva and subsequently worked as an executive at Banque BNP Paribas until becoming President of Banque BNP Paribas (Suisse) in 1984-5. During his career, Mr Weyer has been credited with innovating new forms of trade finance and lines of credit and was instrumental in the growth of several large oil trading firms; as well as supporting the development of oil and gas exploration companies. From 1988 to 1992, Mr Weyer

was special adviser to Banque Indosuez for energy matters. Since 1992, he has been President of Enerfin in Geneva, Switzerland, an advisory firm providing investment banking services to junior oil and gas companies. Mr Weyer joined GeoPark in 2002 as an advisory board member and in 2003 as a Director. In April 2006, he was appointed as Non-Executive Director of GeoPark.


Moderators

Sam Wilkin Head of Business Research Oxford Economics

Sam Wilkin is head of business research at Oxford Economics, one of the world's foremost global forecasting and research consultancies. Sam is coauthor of Risk Rules: How Local Politics Threatens the Global Economy. The Harvard Business Review called the book "powerful" and Mark Mobius of Templeton Asset Management said "the authors exhibit a strong knowledge of what goes on behind the scenes in emerging markets". Belgium's Trends magazine noted that "the authors' analysis of political stability mixes humour, drama, and an eye for ironic details". Sam advises corporations and governments on global issues

ranging from the rise of the BRICs to stability in the Middle East. He is a frequent speaker on current affairs, emerging markets, and geopolitical risk. His published articles cover topics ranging from reform of financial regulation to Turkey's EU accession prospects. His most recent article, "Can Bad Governance be Good for Development?", appears in the February/March 2011 edition of Survival: Global Politics and Strategy, the journal of the International Institute for Strategic Studies. Sam previously served as associate director of the consultancy practice at Oxford Analytica, head of political risk consulting for Aon Trade Credit and director of country analysis for Marvin Zonis & Associates. He received his M.A. in international relations from the University of Chicago. He is the editor of Country and Political Risk: Practical Insights for Global Finance, and was the 2004 alumni fellow for Eckerd College.


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4th CEE Private Equity ConventionJune 2013 | London

4th RUSSIA – CIS Private Equity ConventionJune 2013 | London


your detailsMr/Mrs/Dr First Initials Last

Position Nick/Badge Name

Direct Tel Email

Fax Company

Assistant Tel Email

Address

Division’s web address

InvESTOR CORpORATE (uSER) ECOnOMIC DEvELOpMEnT

InSTITuTIOnAL InvESTOR MEDIA ACADEMIC (think tank)

pRIvATE EquITY FIRM (Gp) LAWYER ADvISOR (accountant/tax)

LEnDER COMpAnY OTHER please state below

InvESTMEnT bAnk GOvERnMEnT (OFFICIALS)

TRADE (group/exhibit/conference organiser)

tell us your interests (optional) CEE in Private Equity Context - Shallow Markets or “Untapped

Potential”? “The Greece Syndrome” – How CEE GPs Can Get the Best from

The Situation? Will CEE Status of a “Safe Haven” Increase Competition in the

Region’s Private Equity? Those “Little (and No-So-Little)” Cultural Differences – What is

Important to Remember Investing in the CEE Building a Deal Pipeline – The Optimal Strategy at the Current

Stage “Under Banked” and “Underleveraged” CEE PE– How to Over-

come the Deficit of Liquidity? Operating Partners - Do CEE PE Funds Need to Insource Sector

Expertise to be More Successful?” Ensuring Returns in Mid-Size –Smaller Ticket Deals – Is the

Challenge Worth It? Current Exit Strategies – Is there a Real Choice? Buy-outs Vs. Growth Investments – The Pro’s and Cons? PE Investors and Portfolio Companies – When Companies’ Man-

agers are Ready for “Hands Off” Approach? The Renaissance of Venture Deals in CEE – Why and For How

Long? Real Estate – What is the Most Lucrative Sub-Sector for PE

Investors? Real Estate in the CEE - Is There Life Beyond Poland and the

Czech Republic? Technology Investments – Lessons of 2012, Present and Future Financial Investors and Advisors – Love/Hate Relationship or

“Necessary Evil”? LPs’ Investment Rational in CEE – Gambling on Potential

Economic Upturn or Something Else? Fund Raising Now - What Will “Sell Best” to the LPs in 2013?

Delegate Status Registration Fee Registration Fee By 31st December 2012 From 1st January 2013

Investors £1399 GBP + VAT 1499 GBP + VATNon-Investors £1699 GBP + VAT 1799 GBP + VAT

Yes, please register me as a delegate at a cost (tick one of the above options) + UK VAT. I confirm that I have read and accepted the terms and conditions below signature

By Bank TransferAccount Name: Global Directors’ Forum LtdBank Name/Address: HSBC 94 Albany Road, Cardiff CF24 3RT ACCOUNT NUMBER: 91578537 SORT CODE: 40-16-35VAT No: GB 869 2343 91 IBAN: GB 05MIDL40163591578537 BIC: MIDLGB 2124F

Hotel Venue Sofitel St.James Hotel6 Waterloo Place, London, SW1Y 4AN, UKTel: +44 (0)20 7747 2200 Fax: +44 (0)20 7747 2210Web: www.sofitelstjames.comAlways ask for GDF rate. Direct bookings with the hotel (not through travel agents) benefit from specially negotiated rate for GDF clients.

terms and conditions• The fee includes participation in the convention, the convention papers, refreshments and luncheon.

• The fee does not include accommodation or travel expenses.

• If you wish to cancel your registration, please notify GDF in writing no no later 18th January 2013 and a credit voucher will be issued to you for the full amount paid, redeemable against any other GDF event. If you wish, you may request a refund of fees paid less a 25% service charge. No credits or refunds will be given for cancellations received after after 18th January 2013. GDF reserves the right to cancel any event for any reason and will not be responsible for airfare, hotel or any other costs incurred by attendees. No liability is assumed by GDF for changes in program date, content, speakers or venue.

Registration Form

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CONTACTS & ENqUIRIESModerator and Program Enquiries: konstantine MalinovskiE: [email protected] Tel :+44(0) 208 783 95 35

Sponsorship and Bespoke Event Solutions: Victoria Cann E: [email protected] Tel: +44(0) 208 783 9535www.gdforum.co.uk

Event: 3rd CEE Private Equity Convention 18–19 March 2013 | London | 5* Sofitel St James Hotel

GDF December 2012

Documents

Transcript of GDF December 2012