AGENDA

Programme for the Annual Forum “Private Equity in Bulgaria: The Year Ahead”


09:00-09:30 Registration and Refreshments

09:30-09:45 Opening Remarks

                   Kamen Shoylev, Partner, NBLO

                   Robert Luke, President, SEEPEA

09:45-10:00 The Main Deals of 2009 and the Trends they Reveal

                   Matteo Patrone, Senior Banker Corporate Equity, European Bank for
                   Reconstruction and Development

10:00-10:45 First panel discussion: Reflections on the current crisis and its ramifications

                   Is the current crisis over?

                   How have the effects of the current crisis been felt?


                   Toby Iles, Economist Intelligence Unit

                   Hein van Dam, Partner, Financial Advisory Services, Deloitte Central Europe

                   Irena Simeonova, Investment Manager, GED

10:45-11:15 Refreshment break and networking opportunity

11:15-12:00 The European Fund of Funds (JEREMIE) Initiative

                   Piotr Stołowski, JEREMIE Project Manager, European Investment Fund

                   George Giakoumakis, JEREMIE Project Manager, European Investment Fund

12:10-13:00 Second Panel Discussion: What Makes Bulgaria Special?

                   Is Bulgaria a more attractive emerging market than others? Does the current market contain

                   underexplored opportunities for PE Investment?

                   Which sectors present the best opportunities?

                   Dimiter Gurdjilov, Investment Director, NBGI Private Equity

                   Tom Higgins, Managing Partner, Balkan Accession Fund

                   Valeri Petrov, Partner, Bancroft Services UK

                   Martin Paev, Owner, Sortis Invest

                   Viktor Manev, Managing Partner, MM Consult

11:50-12:10 Is the traditional Private Equity model suited to Bulgaria or will funds have to be more creative                              going forward?

                   Didier Stoessel, Chief Executive, Apace Media PLC

13:00-14:00 Networking Lunch

14:00-14:15 Private Equity in Danger: PE Funds are not Hedge Funds

                   Javier Echarri, European Venture Capital Association Secretary-General

14:15-15:00 Third Panel Discussion: The suitability of the Bulgarian regulatory enironment
                    for Private Equity Investment


                    Borislav Stefanov, Bulgaria Investment Agency, Government of Bulgaria

                    Ralitsa Agayn-Guri, Head, Investment Supervision, Financial Supervision Commission, Government of Bulgaria

                    Kamen Shoylev, Partner, NBLO

                    Hugh Owen, Partner, Head of Southeast Europe Desk, Allen & Overy

                    Ventzeslav Petrov, CEO of Advance Equity Holding, General Manager of Karoll Finance

15:00-15:15 The role of mezzanine and subordinated debt in Bulgaria and South Eastern Europe

                    The mechanics and structures of mezzanine

                    Mezzanine: adjusting terms in volatile markets (pre-, during and post-crisis)

                    A case study (a deal in Bulgaria)

                    Niklas Pichler, Investment Director, Mezzanine Management

15:15-15:45 Refreshment Break and Networking Opportunity

15:45-16:00 The development of Venture Capital in CEE and lessons for Bulgaria

                    Jozsef Kover, Partner, 3TS Capital Partners

16:00-16:45 Fourth Panel Discussion: Looking to the Future

                    Is there appetite for new fundraising in the current market?
 
                    Are new fund launches possible in the region?

                    What is the future of venture capital in Bulgaria?


                    Rosen Ivanov, Managing Partner, Entrea Capital

                    Bilian Balev, Managing Partner, Nobel Equity Partners
 
                    Radim Stach, Partner, Riverside Company

                    Marin Iliev, Investment Manager, NEVEQ Capital Partners

16:45-17:00 Closing Remarks

                    Kamen Shoylev, Partner, NBLO

                    Robert Luke, President, SEEPEA

17:00-19:00 Cocktail Reception