Home
overview

It is our pleasure to invite you to attend SMi’s 4th Annual Debt and Equity financing of PFI projects conference. It offers investors in PFI projects the chance to learn about the different mechanisms of financing open to them. This unique conference will explore both debt and equity funding as well as assessing lease and bond finance and taking a look at the issues associated with long term project funding. It will be informative, stimulating and focused.

As a senior industry executive, you will be aware of the importance and potential of this field. We would therefore like to invite you to register for SMi’s Debt and Equity financing for PFI projects. As you will see from the brochure, key speakers include representatives from the many banks and funders involved in the PFI/PPP market.

The conference offers you the opportunity to network with key industry experts. Attend to discover the potential and realities of debt and equity funding for PFI projects.

Conference programme

8:30 Registration and Coffee

9:00 Chairman's Opening Remarks

Hamid Yunis

Hamid Yunis, Partner, Davies Arnold Coopers

9:10 INSTITUTIONAL INVESTMENT

Johannes Derksen

Johannes Derksen, Managing Director, Newcourt Capital Europe

  • Where is institutional investor participation most useful - Debt; Subordinated debt; Equity
  • How do investment conditions compare with bank sources
  • How to deal with multiple institutional investors in a single transaction
  • Maturity and cash flow preferences preferred by institutional investors
  • 9:40 PROJECT ASSESSMENT

    Joseph Philipsz

    Joseph Philipsz, Director, Noble and Co

  • Ensuring the demonstration of sufficient risk transfer
  • Examining who owns the asset; who owns the risk
  • The view on equity financing and the motivating role it plays
  • Examining the Public Sector Comparator and the savings gained through PFI
  • How Value For Money can be successfully achieved
  • 11:20 SYNDICATE DEBT - CASE STUDY

    Chris O’Gorman

    Chris O’Gorman, Head of Project Finance, Dai-Ichi Kango Bank

  • Advantages to Welsh Office of using debt financing to develop DBFO Road projects through the PFI
  • Examining the benefits and shortfalls of Syndicated debt financing
  • Benefits of involving the EIB in a PFI project
  • Risk transfer in a DBFO Road Project
  • 12:00 SMALL PROJECTS

    Jeremy Tilford

    Jeremy Tilford, Director, Norwich Union Public Private Partnerships Fund

  • Transferring the lessons of a large projects to small projects
  • Funding issues for smaller deals
  • Utilising the expertise learnt from larger projects into harnessing smaller PFI projects
  • Traditional project financing and smaller project financing deals
  • The advantages and disadvantages of smaller projects
  • Putting theory into practice - Working with smaller projects
  • 12:40 Lunch

    14:00 RISK MANAGEMENT

    David Borthwick

    David Borthwick, Consultant, Sedgwick Bank Risk Services

  • Understanding the risk profile of the PFI project
  • How can a credit rating help with the financing of PFI projects?
  • Pricing risk transfer
  • Allocation of risk between the public and private sectors
  • Handling uncertainty about the impact of future business scenarios
  • 14:40 DEBT FINANCE

    Ceri Richards

    Ceri Richards, Head of PFI and Public Sector, Paribas

  • Marrying up debt profiles to the right project
  • Capital market debt and syndicated loan funding
  • Sources of funds - subordinated debt and senior debt
  • Categories of borrowing - looking at securities and bond issues
  • Defining the best form of interest
  • IOU’s in PFI debt financing
  • 15:20 Afternoon Tea

    15:40 CASE STUDY LOCAL AUTHORITY FUNDING FOR EDUCATION

    Jo Elliot

    Jo Elliot, Chief Executive, Quayle Munro

  • Identifying the issues involved when funding a schools project
  • Six extra factors to consider with bundled schools projects
  • Examining the credit ratings and risk assessment for an education PFI project
  • Payment mechanisms and their impact on risk transfer
  • Income revenue streams from the project and constraints from the client side
  • Contract terms and the impact that they have on repayment terms and style of financing
  • 16:20 ASSET FUNDS

    Craig Pickering

    Craig Pickering, Head of Asset Finance, Finance and Leasing Association

  • Outlining the advantages of using asset finance for PFI projects
  • Advantages for using asset finance in PFI projects
  • What are the risks and rewards of using lease finance for PFI projects
  • Satisfying the value for money requirements through lease finance
  • 17:00 Chairman’s Closing Remark’s and Close of Day One

    8:30 Re-registration and Coffee

    9:00 Chairman's Opening Remarks

    Stephen Levy

    Stephen Levy, Partner, Hammonds and Suddards

    9:10 CASE STUDY

    Jason Russell

    Jason Russell, Associate Director, SG

  • The Almond Valley and Seafield project; the first water UK PFI Bond
  • Structuring the transaction
  • Mezzanine debt in conjunction with a bond issue
  • Making Capital market based transactions flexible
  • 9:40 PFI COMPANIES

    Shirley Smith

    Shirley Smith, Partner, Donaldsons

  • Assessing new ways of approaching the financing of PFI projects
  • Developing a PFI company - Allowing the private sector to take responsibility for capital funds
  • Taking the consortium approach further
  • Allowing financiers and contractors the ability to provide and fund multi-activity contracts
  • Added value - Gaining core skills, financial and business development
  • Gaining higher return on investment, decreased costs and better value
  • 10:20 EQUITY FINANCE

    Keith Martin

    Keith Martin, Director, London Financial Group

  • What drives equity finance
  • Measuring the robustness of a project
  • How to structure indexation risks
  • Mezzanine versus loan stock verses share capital
  • Who are the equity investors and what do they want?
  • Optimising risk transfer against equity pricing
  • 10:20 INNOVATIVE METHODS OF FUNDING

    Anthony Sykes

    Anthony Sykes, Deputy General Manager, Sumitomo Bank

  • Ensuring sufficient risk transfer is passed between the public and private sector; ensure the project as viable as a PFI deal
  • Coping with investment uncertainties when developing PFI projects
  • Intercreditor issues - Who gets what when and why
  • 11:00 Morning Coffee

    11:20 ADVISORS

    Janet Baker

    Janet Baker, Partner, PA Consulting

  • The need for advisors and accountants for financing PFI projects
  • Finding the right advisor - Asking the right questions
  • The skills to look for in a potential advisors
  • Understanding the mechanics of deal structuring
  • Looking at funding proposals
  • Combination of advisors
  • 12:00 DEBT AND EQUITY

    Mike Dwan

    Mike Dwan, Managing Director, North Consulting

  • The progress of funding within the PFI
  • Accelerating the funding process of the public sector using debt and equity funding
  • Assessing how the initiative has changed under Labour
  • The development of PFI companies to ensure the funding process moves effectively
  • The criteria needed from funding for infrastructure development
  • 12:40 Lunch

    13:40 HEALTH CASE STUDY

    Michael Davis

    Michael Davis, Group Managing Director, RCO Support Services

  • Advantages to NHS Trusts using debt and equity financing to develop healthcare through the PFI
  • Affordability issues for NHS projects
  • Examining the benefits and shortfalls of debt and equity financing
  • Examining the financing and cost issues when evaluating consortia’s bids
  • Ensuring the sufficient transferral of risk to the private sector to protected the public sector
  • Demonstrating Value for Money for NHS Trusts when using the PFI
  • 14:20 PROPERTY ASSETS

    Ian Blake

    Ian Blake, Partner, Drivers Jonas

  • Investment characteristics of PFI property assets
  • Who is in the market and what are their objectives
  • Understanding the transaction
  • Market liquidity, how will it be achieved
  • 15:00 MEZZANINE DEBT

    Bruce Johnston

    Bruce Johnston, Partner, Project Finance Group, Wilde Sapte

  • How does mezzanine debt work in a PFI contract
  • Why does it work as a financing method for PFI projects
  • Providing PFI projects with a halfway house between debt and equity for PFI projects
  • Limits of mezzanine finance
  • The feel of the market - how is this style of finance beginning to take hold in the market
  • 15:40 Afternoon Tea

    16:00 LEASE FINANCE

    Jimmy James

    Jimmy James, Chairman, Crosher and James Capital Ventures

  • Longer maturities -Outlining the advantages of using lease finance for PFI projects
  • Leasing finance for small and medium projects
  • Optimising capital allowances to allow leasing companies to provide competitive finance for PFI projects
  • Allowing leasing to provide competitive finance to both public and private sector
  • 16:30 THE WAY AHEAD

    Mike O' Connor

    Mike O' Connor, Joint Head of PFI, Addleshaw Booth and Co

  • The future of the capital market
  • The pros and cons of debt and equity financing
  • The emergence of PFI owner-operators
  • Understanding the best finance packages
  • The pros and cons of debt and equity financing for PFI projects
  • The current and future trends within PFI projects for funding mechanisms
  • 17:00 Chairman's Closing Remarks and Close of Conference

    +

    The Berners Hotel

    Bernets Street
    London W1A 3BE
    United Kingdom

    The Berners Hotel

    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.