Wednesday, 9th October 2019
Registration and refreshments
Arsenio M. Balisacan, Chairman, PHILIPPINE COMPETITION COMMISSION
Global picture: International investor view on the Philippines
The economic environment in the Philippines has caught the attention of both institutional investors and fund managers. However, this has not yet translated into a meaningful swell of foreign capital into the market. There are several reasons why overseas investors have yet to reach the required comfort level to commit, such as regulatory obstacles, an opaque deal environment, and infrastructure gaps. In this session, a panel of international GPs and LPs will share their experiences and views on the Philippines as an investment destination, as well as the characteristics they look for in an emerging market when committing capital.
- How do LPs view the Philippines in the current political and economic environment?
- Has access to a greater number of quality deals become available to GPs?
- Where are the best opportunities for foreign capital in terms of geography and sectors?
- When will the Philippines have a breakthrough moment and fulfil its potential?
Moderated by: Robert W. van Zwieten, President, CEO and Member of the Board of Directors, DNA HOLDINGS CORPORATION
Cyrus Driver, Managing Director, Head Private Equity Asia, PARTNERS GROUP
Michael de Guzman, Managing Director, KKR
Rajendra Pai, Partner, NAVIS CAPITAL PARTNERS
Emmett Thomas, Senior Partner, Head of Asia, ADVANTAGE PARTNERS
Networking coffee break
Philippines spotlight: Building a sustainable private equity industry
Despite several global players entering the Philippines to execute opportunistic deals, the domestic private equity industry is still in a nascent stage, due to the slow development of the local investment community. Although recent exits have helped showcase the potential, developing a sustainable industry takes time, expertise, and the development of best practices. In this session, a group of leading private equity professionals will evaluate the current state of the market, and debate the steps that need to happen for domestic private equity to achieve long-term success.
- How can the industry work together to become sustainable?
- How does the Philippines compare with similar markets that have already been on this journey?
- Where are the LPs, and how can they be attracted to the asset class?
- What are the key stumbling blocks: deal flow, talent, funding, exits?
Moderated by: Chris Teoh, Executive Director, TAEL PARTNERS
Alasdair Thomson, Managing Partner and Co-Founder, SIERRA MADRE
Saima Rehman, Investment Officer, Private Equity Funds, East Asia Pacific, IFC
William M. Valtos, Jr., Chief Executive Officer, INVESTMENT & CAPITAL CORPORATION OF THE PHILIPPINES
The deal conundrum: Finding investable opportunities
The biggest hinderances to the advancement of the Philippines’ private equity industry is a lack of quality deal flow, which would give GPs the opportunity to do what they do best and put money to work. Capital is abundant, both from private equity and strategic players. However, access to deals, especially carve-out businesses from the large corporations, is not feeding the private equity machine. In this session, a panel of experts will review the deal environment, as well as their strategies for building a domestic portfolio.
- How is the M&A landscape developing?
- What is the main source of deals currently, and is there a healthy pipeline?
- How can you gain access to the best opportunities? Are family-owned businesses becoming more receptive to private equity?
- How do you initiate a carve-out deal from a local conglomerate?
Moderated by: Serge L. Lépine, Managing Partner, CABOT CAPITAL PARTNERS
Patrick L. Go, Chairman/CEO, PARAMOUNT LIFE & GENERAL INSURANCE CORPORATION
Michael H. Guarin, Partner, KPMG PHILIPPINES
Martin Lichauco, Managing Director, CRESCENT POINT
George S. Uy-Tioco, Jr, Director, Head of Mergers & Acquisitions, BPI CAPITAL CORPORATION
The cross-border factor: Navigating the landscape
Against a backdrop of global political and trade challenges—that have gathered pace in recent years—a significant influx of capital has entered the Philippines, as investors look further afield for growth. However, concerns over sovereignty and influence have been raised, which has affected cross-border investments from institutions, strategic players, and private equity. In this session, a diverse group of industry practitioners will review the challenges facing cross-border activity.
- Which sectors are most popular?
- What are the foreign investment restrictions and regulatory impediments for investments?
- What execution challenges exist in cross-border transactions?
- How have deals been executed and managed?
Moderated by: Rohit Nanda, Head of Asia, Principal Investments, SUMITOMO MITSUI BANKING CORPORATION
Mary Grace Cruz-Yap, Director IV, Innovation Bureau, INTELLECTUAL PROPERTY OFFICE OF THE PHILIPPINES
Yuan En Lim, Vice President, PARTNERS GROUP
Rebekah Woo, Managing Director, Maternal Infant & Family, FOSUN
Technology: Embracing disruption and the sharing economy
An array of new technologies are disrupting many traditional industries, and Filipino start-ups are following the global trend of providing innovative digital solutions for inefficiencies in banking, healthcare, education and logistics. So that they stay ahead of the curve and are not disrupted, traditional businesses are also committing large sums of capital to develop new technologies. In this session, a group of entrepreneurs and investors will discuss where technology is heading and how it can be commercialised.
- What are traditional businesses doing to protect themselves?
- To what extent are logistics and payments still a bottleneck?
- How is the sharing economy changing the landscape?
- What will be the next big technology breakthrough?
Moderated by: Natasha Dawn Bautista, Head of Operations, QBO
Dannah Majarocon, Managing Director, LALAMOVE PHILIPPINES
Dayu Dara Permata, Senior Vice President, GO-JEK; Co-Founder, Go-LIFE
Eric Schulze, CEO, LIFETRACK MEDICAL SYSTEMS
Networking coffee break
Venture capital: The driver of growth
Venture capital firms in Southeast Asia have seen strong growth in recent years, and the domestic market has seen several wins. GPs are always on the lookout for consumer- and tech-enabled businesses that solve real needs for the youthful population with a rising disposable income. As the ecosystem grows, the question remains as to how Filipino companies can fill the funding gap, and what it will take for them to find a global audience. In this session a group of leading venture capitalists will discuss:
- How is the current venture capital landscape performing?
- What early stage companies have the potential to achieve strong growth?
- Where is the funding coming from for start-ups?
- Where are the main opportunities?
Moderated by: Michael Lints, Partner, GOLDEN GATE VENTURES
Minette Navarrete, President, KICKSTART VENTURES
Srinivas Polishetty, Chief Investment Officer, IP VENTURES GROUP
Gervin Yang, Vice President, OPENSPACE VENTURES
Close of conference and networking cocktail