Home
overview

Due to the maturity of the UK PPP market, recycling equity and investing in PPP/PFI is becoming increasingly attractive. The growth of this secondary market and refinancing is producing many opportunities and a range of new investors including pension funds, insurance funds and private equity houses are now investing in PPP/PFI.

This event will examine the latest developments and opportunities in the secondary market and will address the complex operational and financial issues this dynamic market is creating.


Hear valuable contributions from:

David Finlay, Director of PFI Development,
National Audit Office
David Marshall, Director, Projects & Portfolio Finance,
John Laing Infrastructure
Forbes Johnston, Divisional Technical Director, Mott MacDonald
Robin Herzberg, Managing Director, Carillion PLC
Jon Gratton, Associate Director,
Aon Advisors
Bob Horner, Chief Executive and Co-founder,
CorLa
Paul Leatherdale, Global Head of Infrastructure Finance,
Depfa Bank
Andrew Davison, Vice President, Senior Credit Officer,
Moody's Investor Service Ltd
Mark Elliott, Partner, EC Harris


 Benefits of attending:

Gain key insights on deal flow and the future directions of secondary markets
Learn about consolidation and acquisition of portfolios
Understand how to manage an assets portfolio
Hear about the best insurance options to secure your investment
Discover how the European market is playing the secondary markets field
Take advantage of networking opportunities with your peers and key industry experts

Participants in 2006 included:

Absa Bank, ABSA Capital, Accent Group Ltd, Accent Partnerships, Állami Autópálya Kezelõ ZRT, Allied Irish Bank, Balfour Beatty Capital Projects, BDO Stoy Hayward, Carillion PLC, Commonwealth Bank of Australia, Department of Finance, PPP Unit, DEPFA Bank Plc, Dexia Public Finance Bank, DIF, Dundas & Wilson C S, Ernst & Young, Financial Modeller Ltd, Graham Construction, Grosvenor House Group plc, GSL UK Ltd, Henderson Global Investors, Infrastructure Investors (ii2), Kelda Water Services, KPMG, McCann FitzGerald Solicitors, Meridiam Infrastructure, Nationwide Project Finance, Newport Partners, Norton Rose, Oriel Secuirites Ltd, Partnership UK, Pinsent Masons, PKF, PricewaterhouseCoopers, QinetiQ, Secondary Market Infrastructure Fund, Semple Fraser LLP, Serco Capital Investments, Willis Limited….

Conference programme

8:30 Registration & Coffee

9:00 Chairman's Opening Remarks

Mark Elliott

Mark Elliott, Partner, EC Harris LLP

9:10 THE SECONDARY MARKET: WHAT ARE THE ISSUES FOR THE PUBLIC SECTOR?

Mark Halliday

Mark Halliday, Corporate Finance Advisor, National Audit Office

• Main points from recent NAO/PAC reports
• Whether changing investors will impact on service delivery
• Timing of debt refinancings where there are equity sales
• Demonstrating the efficiency of the PFI equity market

9:50 THE PPP/PFI SECONDARY MARKETS - A RATINGS AGENCY PERSPECTIVE

William Coley

William Coley, Vice President, Senior Analyst, Moody's Investor Services Ltd

• Evolution of ratings approach to the construction phase
• Evolution of ratings approach to the operation phase
• Securitisation of PPP/PFI assets
• Emerging trends

10:30 Morning Coffee

11:00 RISKS AND PITFALLS OF SECONDARY MARKETS TRANSACTIONS

David Marshall

David Marshall, Director, Projects & Portfolio Finance, John Laing Infrastructure

• Identifying risks
• How to mitigate
• Protecting value
• Latest trends

11:40 TECHNICAL PERSPECTIVES ON REFINANCING OF ROAD PROJECTS

Forbes Johnston

Forbes Johnston, Divisional Technical Director, Mott MacDonald

  • What and where are the markets
  • What are the real risks
  • Sweating the asset
  • Case study
  • 12:20 Networking Lunch

    13:50 PORTFOLIO ASSET MANAGEMENT

    Tony Hazell

    Tony Hazell, Managing Director, CorLa

  • Acquisition, consolidation, hold or dispose
  • Generating appropriate management information
  • Management approach and structures
  • Securing Returns
  • Value enhancement and captur
  • 14:30 ENHANCING VALUE & RETURN

    Mark Elliott

    Mark Elliott, Partner, EC Harris LLP

    • Extent of the Market
    • Ten ways to enhance value & return – increase the chances of winning
    • Impact on the Business Model
    • Position in the deal life cycle
    • Investor needs to enhance value and return

    15:10 Afternoon Tea

    15:40 INSURANCE SOLUTIONS FOR EQUITY PROVIDERS

    • Benefits to be gained  from portfolio placements
    • Structuring an insurance placements
    • Problems to be overcome
    • Alternative programme structures
    Jon Gratton

    Jon Gratton, Associate Director, Aon Advisors Group Ltd

    Stephanie Ottey

    Stephanie Ottey, PFI Insurance Advisor, Aon Advisors Group Ltd

    16:20 SECURITISING INFRASTRUCTURE DEBT

    Darryl  D'Souza

    Darryl D'Souza, Director, DEPFA Bank Plc

    • Market developments
    • Structuring considerations
    • Portfolio composition and rating process
    • Case study: EPIC

    17:00 Chairman’s Closing Remarks and Close of Conference

    +

    Workshops

    Delivering Optimal Returns
    Workshop

    Delivering Optimal Returns

    The Hatton, at etc. venues
    14th November 2007
    London, United Kingdom

    The Hatton, at etc. venues

    51/53 Hatton Garden
    London EC1N 8HN
    United Kingdom

    The Hatton, at etc. venues

    HOTEL BOOKING FORM

    Title

    SubTitle
    speaker image

    Content


    Title


    Description

    Download


    WHAT IS CPD?

    CPD stands for Continuing Professional Development’. It is essentially a philosophy, which maintains that in order to be effective, learning should be organised and structured. The most common definition is:

    ‘A commitment to structured skills and knowledge enhancement for Personal or Professional competence’

    CPD is a common requirement of individual membership with professional bodies and Institutes. Increasingly, employers also expect their staff to undertake regular CPD activities.

    Undertaken over a period of time, CPD ensures that educational qualifications do not become obsolete, and allows for best practice and professional standards to be upheld.

    CPD can be undertaken through a variety of learning activities including instructor led training courses, seminars and conferences, e:learning modules or structured reading.

    CPD AND PROFESSIONAL INSTITUTES

    There are approximately 470 institutes in the UK across all industry sectors, with a collective membership of circa 4 million professionals, and they all expect their members to undertake CPD.

    For some institutes undertaking CPD is mandatory e.g. accountancy and law, and linked to a licence to practice, for others it’s obligatory. By ensuring that their members undertake CPD, the professional bodies seek to ensure that professional standards, legislative awareness and ethical practices are maintained.

    CPD Schemes often run over the period of a year and the institutes generally provide online tools for their members to record and reflect on their CPD activities.

    TYPICAL CPD SCHEMES AND RECORDING OF CPD (CPD points and hours)

    Professional bodies and Institutes CPD schemes are either structured as ‘Input’ or ‘Output’ based.

    ‘Input’ based schemes list a precise number of CPD hours that individuals must achieve within a given time period. These schemes can also use different ‘currencies’ such as points, merits, units or credits, where an individual must accumulate the number required. These currencies are usually based on time i.e. 1 CPD point = 1 hour of learning.

    ‘Output’ based schemes are learner centred. They require individuals to set learning goals that align to professional competencies, or personal development objectives. These schemes also list different ways to achieve the learning goals e.g. training courses, seminars or e:learning, which enables an individual to complete their CPD through their preferred mode of learning.

    The majority of Input and Output based schemes actively encourage individuals to seek appropriate CPD activities independently.

    As a formal provider of CPD certified activities, SMI Group can provide an indication of the learning benefit gained and the typical completion. However, it is ultimately the responsibility of the delegate to evaluate their learning, and record it correctly in line with their professional body’s or employers requirements.

    GLOBAL CPD

    Increasingly, international and emerging markets are ‘professionalising’ their workforces and looking to the UK to benchmark educational standards. The undertaking of CPD is now increasingly expected of any individual employed within today’s global marketplace.

    CPD Certificates

    We can provide a certificate for all our accredited events. To request a CPD certificate for a conference , workshop, master classes you have attended please email events@smi-online.co.uk

    Event Title

    Headline

    Text
    Read More

    I would like to speak at an event

    I would like to attend an event

    I would like to sponsor/exhibit at an event

    SIGN UP OR LOGIN

    Sign up
    Forgotten Password?

    Contact SMi GROUP LTD

    UK Office
    Opening Hours: 9.00 - 17.30 (local time)
    SMi Group Ltd, 1 Westminster Bridge Road, London, SE1 7XW, United Kingdom
    Tel: +44 (0) 20 7827 6000 Fax: +44 (0) 20 7827 6001
    Website: http://www.smi-online.co.uk Email: events@smi-online.co.uk
    Registered in England No: 3779287 VAT No: GB 976 2951 71




    Forgotten Password

    Please enter the email address you registered with. We will email you a new password.