HKVCA Private Equity Fundamentals Course 2019 - Module 5

Organized annually, the HKVCA’s Private Equity Fundamentals Course comprises seven tailormade modules and a case study session to provide participants with in-depth information and analysis of private equity and venture capital, either as industry entrants or for those seeking to refresh their skill sets. Covering the entire fund-raising process from strategy to distribution of returns, data on global funds and investment activity, current issues and fund marketing, it is particularly relevant for those practitioners keen to expand their technical ability and know-how.

Delivered by leading industry specialists and experts with experience in different fund strategies, marketing, deal making, and the pros and cons of investing in private equity as an asset class, each module will be taught relative to real case studies to show how investors finance through the different stages of a company’s lifecycle, and explain financing as financial intermediaries practice it. The course also includes a curated section devoted specifically to ESG investing, which plays an increasingly important role in determining the future financial performance of companies and their risk and return.

Date	Time	Session	Venue	CPT/CPD
Sept 10 (Tue)	10:00 – 13:30	Module 1: PE Basics	HKU MBA Centre	3
Sept 18 (Wed)	14:00 – 17:55	Module 2: Early Stage Investment	HKU MBA Centre	3
Sept 26 (Thur)	14:00 – 16:30	Module 3: The Investment Decision	CUHK MBA Centre	2
Oct 10 (Thur)	14:00 – 17:20	Module 4: Valuation / ESG / “High Level” Tax Issues	CUHK MBA Centre	3
Oct 15 (Tue)	14:00 – 17:05	Module 5: Transaction Documentation	HKUST Business School	2.5
Oct 22 (Tue)	13:30 – 16:40	Module 6: Post Investment	CUHK MBA Centre	3
Nov 8 (Fri)	11:00 – 14:30	Module 7: Tax / Fundraising	KPMG Office	3
Nov 12 (Tue)	14:00 – 17:15	Case Studies: CVC / HKBN & Pacific Coffee	HKUST Business School	3


	Venue:
	Hong Kong University of Science and Technology (HKUST) Business School: 15/F, HK Club Building, Central, HK
	The Chinese University of Hong Kong (CUHK) MBA Centre: Diamond Room, Unit B, 1/F, Bank Of America Tower, 12 Harcourt Road, Central, HK
	KPMG Office: 8th Floor, Prince’s Building, 10 Chater Road, Central, HK

REGISTER NOW

	HKVCA Member	Non-Member
Per Module	HK$1,400	HK$3,000
Case Studies	HK$1,400	HK$3,000
All 8 Sessions	HK$8,960 ~~HK$11,200~~ (20% off)	HK$19,200 ~~HK$24,000~~ (20% off)

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CPT and CPD points can be claimed after attending each session.

Participants who would like to claim CPD points have to update their Mandatory CPD Training Records with the CPD points for the course.

Certificates will be granted upon completion of each session.

Cancellations must be made in writing at least 7 working days prior to the event. No refund will be made thereafter.
Registrations cancelled will receive a refund, minus a HK$300 cancellation processing fee.

Module 7 sponsored by

Module 5: Transaction Documentation

15 October (Tue)
14:00-17:05 | HKUST Business School

14:00 – 14:55	Deal Protection and Risk Allocation Issues Protecting the deal via exclusivity arrangements and break / termination fees Allocating risk via warranties, indemnities, disclosures and other contract provisions	Maurice Conway Associate, Latham & Watkins (Hong Kong) Gwenlynne Lee Associate, Latham & Watkins (Hong Kong)
15:05 – 16:00	Non-leveraged Transactions/VC Transactions Term sheet Articles of association of target company: terms of shares/anti-dilution issues/transfer procedures Investment/subscription agreement and shareholders agreement: information rights, board representation, investor protection covenants Management carrots and sticks: milestones, ratchets, options, warrants, terms of service agreements/non-competes Other documents USD plus RMB funds – “dual” funds	Rocky Lee International Partner, King & Wood Mallesons Helena Huang Co-Chief Executive, Hong Kong, King & Wood Mallesons
16:10 – 17:05	Buyouts Term sheet Acquisition agreement Other documents Financial and security documentation	Matthew Puhar Partner, Akin Gump Strauss Hauer & Feld Naomi Moore Partner, Akin Gump Strauss Hauer & Feld

Module 6: Post Investment

22 October (Tue)
13:30-16:40 | CUHK MBA Centre

13:30 – 15:00	Management of Portfolio Companies Aligning interests of investors and management Value creation Corporate governance Monitoring reports Board/shareholders’ meetings	John Levack Vice Chairman, HKVCA
15:10 – 16:40	Exit Strategies How to prepare for exits IPOs Secondary buyouts Trade sales	Michael Chan Head of International Issuer Services, HKEX Min Lin Founding Partner, NewQuest Capital Partners

Module 7: Tax / Fundraising

8 November (Fri)
11:00-14:30 | KPMG Office

11:00 – 11:30	Understanding the Accounting of Private Equity Funds	Arion Yiu Partner, KPMG
11:30 – 12:15	Fundraising (Part 1) Fundraising environment Why LPs invest in private equity Types of LPs that invest in PE funds	Dennis Kwan Managing Director, MVision Private Equity Advisers
12:45 – 13:30	Fundraising (Part 2) What LPs expect of GPs How to approach LPs	Jonathan Lee Director, MVision Private Equity Advisers
13:30 – 14:30	Tax Considerations in Structuring PE Funds	Kasheen Grewal KPMG

Case Studies: CVC / HKBN & Pacific Coffee

12 November (Tue)
14:00-17:15 | HKUST Business School

14:00 – 15:30

CVC / Hong Kong Broadband – From MBO to IPO in < 3 Years

Alvin Lam
Principal,
CVC Capital Partners

NiQ Lai
Co-Founder & CEO,
Hong Kong Broadband Network Limited

Roger King
Adjunct Professor of Finance, HKUST

Winnie Peng
Associate Director,
Tanoto Center for Asian Family Business and Entrepreneurship Studies, HKUST

15:45 – 17:15

Pacific Coffee – Evolution of Business through PE Investment Rounds

Roger King
Adjunct Professor of Finance, HKUST

Winnie Peng
Associate Director,
Tanoto Center for Asian Family Business and Entrepreneurship Studies, HKUST

Oscar Chow
Managing Director,
Polaris Holdings

Notes
1. Registration must be followed by payment to secure your place.
2. Registration will be confirmed upon receipt of payment.
3. Should you require an invoice, please contact us.
4. Cancellation must be made in writing at least 7 working days prior to the event. No refund will be made thereafter.
5. Information is subject to change. The HKVCA retains the right to make changes as it deems necessary.
6. Priority will be given to HKVCA Members.
7. No shows will be charged.
8. Seats are limited at first-come-first-served basis.
9. An additional charge may apply to accommodate special dietary requests.

HKVCA Private Equity Fundamentals Course 2019 – Module 5