DISTRESSED DEBT & ALTERNATIVE...

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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

Transcript of DISTRESSED DEBT & ALTERNATIVE...

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EUROPE & ASIA-PACIFICDISTRESSED 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 24Panel discussions Countries

Some of the companies attending

AUM

Presentations

6.1Trillion

5

BanksInvestorsAdvisoryLawyersOthersSpeakers

40+

Main Sponsor Gold Sponsor Media Partners

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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

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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?

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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

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15:40 COFFEE & NETWORKING

16:00 PANEL: Debt Servicing, Purchasing & Collection Models

Arash Talebinejad, Chief Investment Officer, Intrum Justitia, Sweden (MODERATOR)

Artur Aleksandrowicz, CEO at National Recovery Services, Russia

Christian Schuller, CEO at Vostok Finance Group, Russia

Stacey Schacter, President & CEO at Vion Receivable Investments, USA

Ofer Lieberson, Founder at Tagor Asset Management and Liberate Solutions Group, Romania

Owen James, Managing Director - Acqusitions & Services at PRA Group, UK & Ireland

• Pricing Secured debt purchasing

• Real estate underline assets-maximizing values

• Challenges in finding secured NPL servicer and REO asset management in Romania and CEE

• Legal obstacles and strategy

• What to do if the asset is not impaired to the appropriate level

• Valuations - a solution or part of the problem?

• Collection company or asset management/servicer?

• What are the challenges and opportunities for investors in different regions of Europe and perhaps comparable with US and

Russia?

• What are the biggest obstacles to NPL Sales?

• The banking system itself. Is it better provisioned? Is it in a better point in time to sell assets of any kind, etc.

• Are banks in a position to sell? Are leverage providers ready to support transactions?, etc.

• The asset management angle. Is there sufficient capacity, of good quality, installed to manage NPLs of all types and RE

(residential, industrial and commercial)?

• How does a recession affect collection curves. Any yardsticks as to impact of depth and length?

• Has anyone ever seen prop portfolios trend upwards after a recession?

• Does consumer lending overall shrink during a crisis or actually grow (does a crisis affect more secured and corporate

lending)?

• What would be the ideal regulator of the industry/ what is the worst type of regulator?

• Legal environment for buying and collecting debts in Russia and Ukraine, to how extend it is secure?

17:00 END OF THE DAY 1

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8:00 REGISTRATION & NETWORKING

9:20 PANEL: Legal Restructuring & Distressed Acquisitions

Stephen Phillips, Partner at ORRICK, UK (MODERATOR)

Sonya Van De Graaff, Partner at Schulte Roth & Zabel LLP, UK

Stacey Schacter, President & CEO at Vion Receivable Investments, USA

Maja Žgajnar, Partner at Schonherr, Slovenia

Olek Teonidis, Managing Director at Da Vinci Capital, Russia

• Pre-sale aspects of NPL portfolios

• How to best structure the credit bidding process

• Pitfalls for buyers and sellers

• Strategies for credit bidding

• NPL market environment in Russia

• Distressed debt acquisition aspects

• Current challenges and opportunities for market leaders

• Possible motivations of sellers that borrowers should be mindful of

• Pricing issues

9:50 PRESENTATION: Large Gap In A Competitive Market - Corporate NPL

In Poland

Prot Zastawniak, Managing Director at Pragma Inkaso, Poland

10:10 PRESENTATION: China - NPL Portfolio Investment Cycle

Phil Groves, President at DAC Management, China

10:30 EXCLUSIVE: COFFEE & ONE 2 ONE MEETINGS

11:30 PANEL: Italy & Spain: Current Overview Of The NPL Market

Luis Martin, Senior Advisor at DebtX, Spain

Gabriele Giorgi, Senior Analyst at Algebris Investments, UK

Andrea Clamer, Head of NPL Division at Banca IFIS, Italy

Gaudenzio Bonaldo Gregori at KKR Credit, Italy

Alejandro Lucero de Pablo, President at Multigestion Iberia, Spain

Carmine Evangelista, CEO at AZ Holding, Italy

• Present situation and future trends

• New participants (investors and servicers) vs. historic ones

• Drivers for growth between Unsecured NPL’s and or Secured NPL’s

• Potential keys for success

• Present situation of Italian credit servicers: a fragmented market (as is)

• Key highlights for future success (to be)

• Winner business model for the future: customer or asset base?

12:30 LUNCH

13:30 EXCLUSIVE: ONE 2 ONE MEETINGS

15:30 END OF THE CONFERENCE

AGENDA

Day 2: September 29