The speaker line-up for the 2008 conference was as follows: |
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Jon Moulton is managing partner of Alchemy, a UK-based private equity firm, that has invested £2 billion of equity with an emphasis on dealing with troubled companies. It recently completed the raising of a £300m European special opportunities fund.
He is a Chartered Accountant, a CF and Fellow of the Society of Turnaround Professionals, and previously worked with Citicorp Venture Capital in New York and London, Permira and Apax. He has been a director of five public companies, numerous private companies and is currently a director of the US-based Irvin parachute business, the Cedar IT business, Sylvan (timber) and Ashmore Group a major investor in emerging market debt. |
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Andy Nash is probably best known as a key member of the management team that bought out Taunton Cider for £72.5 million, floated it the following year for £153 million and sold it three years later for £280 million. Since then, as a portfolio chairman, he has been brought in to grapple with a string of MBOs and MBIs in various states of financial health and has achieved many notable corporate successes He has also been chairman of two publicly-quoted companies, the drinks company Merrydown and the security business Photo-Scan. Both sets of shareholders were paid a handsome premium by new owners as new strategies increased profits.
Based on his experiences of several MBOs in the UK Andy wrote MBOs a handbook for management teams: lessons from the front-line which has received considerable acclaim since its publication in the summer of 2005. There are now plans afoot to publish in China and Australia. In recent times he has been in demand as a conference speaker and chairman and also is a visiting lecturer at Nottingham Universitys Business School.
He has recently become chairman of his ninth MBO for an international publishing group backed by Octopus Private Equity. Andy has also served as a non-executive director for city law firm Kirkpatrick & Lockhart Gates since 1998. |
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| Amy Carroll joined Real Deals in 2004 having covered the institutional investment market. She was previously editor of private equity news and research website AltAssets and a reporter for Private Banker International, a Lafferty Group publication. Amy graduated from Birmingham University in 2000. |
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| Ajay Khaitan is in his second career. His first was within the fairly well established Indian `Khaitan family` group, which has a diversified portfolio of interests from agri products to chemicals to household appliances to metals & building materials. Over time, Ajay progressed to manage a mini-conglomerate of businesses and investments that touched on consumer brands such as Eveready (batteries), Kraft (dairy products) & `Khaitan` (fans and other household appliances) as well as intermediate products businesses in mining & mineral processing, inorganic chemicals, steel, cement and hydel power. Ajay was responsible for the international interests of the Group which included businesses in Singapore, Dubai, Mauritius, UK, Italy and Switzerland. Ajay`s second and more recent career has been independent of the family interests, in targeting the acquisition of under-performing western consumer brands, and re-engineering them with an emphasis towards Asia - in terms of supply chain as well as retail demand. He led the origination, acquisition and turnaround of the heritage British jeanswear brand - Lee Cooper - in 2005, and almost(!) succeeded in buying the heritage French luxury crystalwear brand - Lalique - earlier this year |
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Michael Murphy led the management buy-in of Friends Reunited in January 2003 and since then has made Friends Reunited one of the most powerful, trusted and profitable websites in the UK with a membership of over 21 million. The business was sold to ITV Plc in December 2005 for £175million.
Prior to the sale of the business he had a 20-year career with Pearson Plc, culminating in being COO of the Financial Times.
Michael is also Non Executive Chairman of DLG following its re-financing through Kaupthing Capital Partners in October 2007. DLG is the UKs leading provider of consumer lifestyle data for multi-channel direct marketing, with detailed lifestyle and demographic information volunteered from over 20 million individuals.
Previous non executive directorships include Multimap and Datamonitor Plc. |
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Ron Series is a South African Chartered Accountant and Business School Graduate, Ron moved to the UK in 1990, and since an early meeting with David (now Lord) James, he has been involved in an interesting mix of corporate turnaround projects, and MBI activities.
Ron worked with David James on the turnaround of Davies & Newman PLC (the parent company of Dan Air) and on LEP Group PLC (at the time the UKs biggest freight forwarding group). When a negotiated disposal of LEPs remaining core business fell through at the 11th hour, he put forward an alternate proposal to the Groups bankers and acquired the worldwide logistics business. This was subsequently sold to a US Private Equity buyer, which was Rons introduction to the world of PE.
Over the next few years he worked on a number of corporate turnarounds, often in the Private Equity arena, including the logistics division of Hogg Robinson Group, and Tuffnells Express Parcels, where he negotiated an equity participation linked to a successful exit for the Private Equity investors. On returning the business to acceptable profitability levels, it was sold in an MBO to the management team which he had introduced.
In early 2007 Ron acquired the Amtrak Express Parcels and logistics business out of Administration, which is currently his main turnaround focus. |
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| Michael Snapes is a professional executive chairman and chief executive with a background in leisure and finance, as well as a specialist in improving and developing branded and multi-site businesses. Michael is known within the venture capital community as having raised large sums personally and has acted as a specialist advisor to large transactions within the leisure sector. He was Executive Chairman of Hillarys Blinds, a BIMBO backed by Close Bros Private Equity, from May 2001 until it was sold in July 2004 having more than doubled in value. Michael was the Founder / Chairman of European Golf Brands from February 2000 until January 2004, also supported by Close Brothers. In his time there, the value trebled. Previous roles include; MD Coral (performance turnaround and brand repositioning of an international betting and stadia business), Director Bass Leisure, CEO French plc (revitalised an ailing textile plc), Chairman Spoils plc (a troubled retailer). In addition he has led a variety of smaller turnaround and rescue initiatives. |
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David Scowsill is currently on the board of four Private Equity and Venture Capital backed businesses: Vice Chairman World Hotels AG (KP Capital), Chairman of Yuuguu Limited (Enterprise Ventures/Merseyside Special Investment Fund). Director of VenereNet SpA (Advent International) and Director of On the Beach Holidays (ISIS Equity Partners). During the last four years, he has built an extensive network in Private Equity and Venture Capital, whilst working on specific deals in the retail, consumer, technology and travel sectors. He has been interim Sales and Marketing Director at easyJet airlines, Marketing & Strategy Advisor to Group CEO at Manchester Airports Group, and CEO of Opodo, the pan-European online travel company owned by nine of Europes leading airlines and Amadeus, travel industry technology provider. David was CEO of the private equity owned Minit Group Plc (UBS Capital), a multi-service global retailer, with 3700 owned and franchised shops in Minit Colors, Mister Minit, Montre Service, Sketchley and Supasnaps brands. He was appointed as SVP Sales, Marketing and IT on the board of Hilton International, after spending the first 19 years of his career in the airline industry with American Airlines and British Airways. After 3 years responsible for the Asia/Pacific division of BA, he became Director Europe/Middle East, including responsibility for Deutsche BA in Germany and TAT/Air Liberte in France. |
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Philip Soar is chairman of Ithaca Exhibitions Limited and of Waypoint Exhibitions Group. Ithaca was acquired as an MBO from Penton Holdings (USA) in May 2005 for £2 million. He disposed of the company (to UBM) in September 2007 for £14.25M (plus £1.3M cash in the business). In 2006 the company made a pre-tax profit of £104,000. In 2007 the projected pre-tax profit is £1.5M. Ithacas main exhibition is Internet World which is now the largest IT exhibition in the United Kingdom. Since 1997 Waypoint has launched eight new exhibitions.The Waypoint model is that each exhibition is established as a separate company with show managers owning equity. Of the eight, three have been sold for a total of £8 million and one continues to run very successfully, with an EBITDA in 2007 of £250,000. In 1998 one of these exhibitions, 100% Design, won the Exhibition of the Year Award. Philip is also chairman of Eaglemoss Publishing and Aurenis Publishing (France). Philip says "I originally established Aurenis in 1982 with two French colleagues. In 2004, when the company showed an EBITDA of circa €500,000, we brought in Rothschild (Paris) with an investment of €6 million (for 17%) to expand from agency work to publishing as principal. In February 2007 we acquired Eaglemoss Publishing (London) for £16 million. The combined group now has a retail turnover of €400 million and projects an EBITDA of €10 million for 2007". |
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