ACTU Brett Himbury, CEO, IFM June 2011. Page 2 What is Private Equity?  Private equity is a model of ownership for investors based on specific investment.

Slides:

Advertisements

Similar presentations

T H O M S O N F I N A N C I A L Trends in Private Equity Performance IFR Financing Leveraged Buyouts Conference London 2 nd November 2006 David Bernard.

Advertisements

The Canadian Experience with Income Trusts. Outline What are income trusts? Tax policy implications Experience in selected countries Revenue implications.

1/13 VENTURE CAPITAL How KFK can fill in the financing gap on the Polish high-tech market TMT Ventures, 27/02/2008.

Management of Deposit Insurance Funds 16 November 2006 Michael Wilson

California Initiative Update. 2 Mission Statement The California Initiative will invest in traditionally underserved markets primarily, but not exclusively,

Performance of Private Equity Real Estate Funds

Business Angels & Venture Capital Northwest Business Angels 5 th September 2007.

1Q 2013 Private Equity & Venture Capital Benchmarking Report Presentation Slide Deck Try the PitchBook Platform:

Whether and how an equity fund could unleash investments in chains in Ethiopia?

Venture Capital and Private Equity in Italy A.I.F.I. Italian Venture Capital and Private Equity Association.

Capacity. The Capacity Challenge Investment ideas have limited capacity We must first understand capacity. Then we can see its impacts and how to mitigate.

Corporate Governance A view from the private equity world John Mackie Chief Executive.

Yale University Investments Office Professor Sandeep Dahiya Georgetown University.

PRIVATE EQUITY PERFORMANCE BENCHMARKS FVCA SPRING SEMINAR, RUKA, FINLAND DAVID BERNARD 23 APRIL 2009.

Contractual Savings and Financial Markets Alberto R. Musalem, Gregorio Impavido and Thierry Tressel Financial Sector Development Department Financial Sector.

Anne Hutton Equity Funds Team, EBRD

Informal Risk Capital & Venture Capital. Financing the Business Stages for Financing Stages for Financing Early-stage financing Early-stage financing.

VENTURE CAPITAL IMPORTANT SOURCE OF EQUITY FOR HIGH GROWTH COMPANIES.

Pitchbook.com PRESENTATION INQUIRIES REQUEST A DEMO OR TRAINING ANNUAL PRIVATE.

Profit Analysis of International Defence Industry Event 5 Deakin University CRICOS Provider Code: 00113B.

Page 1 Hatemalo Nepali Students Group Funding Of An Enterprise Sushil Poudel CA IPCC.

EVCA Guidelines and Good Practice in the Management of Privately Held Companies in the Private Equity and Venture Capital Industry 28 June 2005 Second.

1. Value:  Low P/E Ratio  Low MV/BV Ratio  Low Price-to-Sales Ratio  High Dividend Yield  Price is “cheap” by some measure of comparison 2.

Private Equity and Pension Funds Eileen Appelbaum AFL-CIO and Change to Win Union Pension Fund Trustees Conference April 1, 2012 Omni Shoreham Hotel Washington,

2009 European Performance Figures June Methodology for Performance Benchmarks  All calculations are done at the fund level by Thomson Reuters.

Presented By CA Swatantra Singh, B.Com, FCA, MBA ID: New Delhi, ,

 EBRD 2004, all rights reserved Russian Financial Markets Conference 5 May 2004, Boston Private Equity in Russia Andre Tikhomirov Senior Banker.

Global Private Equity Eileen Xie December 2005 April 22, 2017

Venturing Forth: Private Equity Funds in Namibia By Robin Sherbourne Director of the Institute for Public Policy Research 14 May 2003.

Private Equity Trends 1Q 2012 Presentation Slide Deck Try the PitchBook Platform: Phone: Consult.

Southern African Private Equity Roundtable – Gaborone

Financial Regulation of SMEs PRESENTATIONAT IFAC Small and Medium Practices (SMP) Forum th October 2008 Abuja, Nigeria BY JAPHETH KATTO CEO, CAPITAL.

Key Concepts and Skills

Venture Capital in Canada History –No early stage capital prior to 1987 in Ontario –Still well behind the U.S. in the amounts, sophistication and involvement.

Performance Benchmarks 2007 European Private Equity Conducted by Thomson Reuters on behalf of EVCA.

Where is European Private Equity Heading? European Private Equity Statistics Gemma Postlethwaite, Thomson Financial 14 March 2007.

Idaho’s EB-5 Regional Center A Platform for Project 60 Success Accelerating Idaho’s Economic Growth.

SLOVENE ENTERPRISE FUND SLOVENIA mag. Maja Tomanič - Vidovič September,

Presented by Glendale Community Library Instructors: Chuck Milliner and Annette Fisher.

Capital for Enterprise Limited 1 Business Angel Co-investment Fund Rory Earley CFEL.

NAIC Annual Meeting 2000 Private Equity Update 2000 Steven P. Galante Publisher, The Private Equity Analyst October 16, 2000.

2005 Annual European Private Equity Statistics Gemma Postlethwaite Vice President, Thomson Financial.

Management Consultants + Private Equity Funds __________________________ Growth Patterns in SEE.

Performance Benchmarks 2008 European Private Equity Conducted by Thomson Reuters on behalf of EVCA.

1 Eileen Appelbaum Center for Economic & Policy Research and University of Leicester Rosemary Batt ILR School Cornell University.

How to Encourage Greater Private Equity Investment in Latin America Development of Non-Bank Financial Institutions in Latin America December 5, 2002 J.

Private Equity Investment as a Source of Financing for Leasing Companies Natalia Best, Vice-President Horizon Capital Banking Sector & Leasing Market Business.

12 November Background Bader is a non-governmental and non-for- profit organization established late 2005 under the joint initiative of forty young.

Annual General Meeting Chris Tambini, Director of Finance Colin Pratt, Investments Manager.

University Licensing Dominique Kleyn 27 th June 2003.

Economic Value Added Economic Value Added is the financial performance measure that comes closer than any other to capturing the true economic profit of.

Albina Nikkonen Russian Private Equity and Venture Capital market review 2006 Russian Private Equity and Venture Capital Association.

Ed Vincent Gemma Postlethwaite State of the PE Market Global VC and PE Trends T H O M S O N F I N A N C I A L.

YFM Group Limited David Livesley Investment Director Yorkshire Funds.

Investment Companies Audit and Accounting Guide Background and Implementation Discussion February 19, 2004.

State backed Seed Capital, Pre-Seed pilots and Seal of Excellence Norwegian implementation.

PitchBook’s Q PE Presentation Deck Request a demonstration or training: Phone: For additional.

Clean Energy Finance Raising and Placing Capital in Energy SMEs World Bank Energy Week March 2006 Christine Eibs Singer

RUSSELL DEW FINANCIAL SERVICES

Initial Public Offerings

EY Tax credit for R&D activities Iper and super-depreciation.

Economics and Business Exchange Supported by Deloitte.

Chapter- 10 Getting Financing & Funding

Private Equity – Venture Capital Partnership for Success

Where Economic Development Meets Venture Capital: Impact Investing

Business Case Development Key Components :

Outsourced Private Equity

The role of private sector investors in supporting Build to Rent

Private Equity Trends 1Q 2012 Presentation Slide Deck

Abbott Capital: A Leading Private Equity Firm

Presentation transcript:

ACTU Brett Himbury, CEO, IFM June 2011

Page 2 What is Private Equity?  Private equity is a model of ownership for investors based on specific investment strategies and contractual agreements between fund managers and investors  Usually not quoted or quoted companies with the purpose of delisting  Stage of development varies from very young companies to more mature businesses. Private equity fund managers will create a portfolio by making a number of investments  Usually made with one of two objectives in mind:  Develop innovative portfolio companies with high growth potential; or  Increase the value of portfolio companies, through growth strategies actively monitoring the decisions taken by the management and establishing clear lines of responsibility and corresponding incentives  Investments are long term  “True Private Equity” IFM’s definition  SME’s of below $500 million Enterprise Value  Businesses with the potential to grow and build value  Businesses in need of transformation  Long term, building better companies, delivering returns well in excess of listed market returns

Page 3 Private Equity Performance US Buyout Net Performance relative to Public Market Benchmark As at December 2010 for vintage years 1984 – 2005 Average net performance is 1.20x the listed benchmark 2.4x 2.7x 1.3x Large BuyoutSmall BuyoutVenture Capital Australian Buyouts have delivered >2x Multiple of Capital return, and >25% IRR Australian Private Equity Performance by Realised Investment (IFM Aggregate Performance 1998 to 2010, Gross Multiple Return on Capital Invested) $100m EV or greater$100m EV or less

Page 4 Impact of Private Equity Growth in employment under private equity ownership vs comparable benchmarks Sources: Shapiro and Pham (2008), BVCA/IE Consulting (2007), AIFI/PwC (2008), ASCRI (2009), AVCAL analysis Australian Private Equity Companies are major employers – eg.  Rebel Sports  JB Hi-FI  Hoyts  Bras & Things  Kathmandu  etc