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April Newsletter
20/04/2011
Dear AVCAL Colleague,

We've been extremely busy with our stakeholder committees and working groups over the last few weeks. These groups are important for developing the agenda and highlighting issues for AVCAL's Executive to address. We've formed a new stakeholder group focused on Growth Funds. Their mandate will be to drive opportunities and improve the environment for Growth PE in Australia. There will be a special panel session at the conference which will be tailored to their issues.

Tax

The latest instalment in the tax issues is the deferral of the new tax system for Managed Investment Trusts to July 2012. AVCAL has made it clear to the Assistant Treasurer and Treasury that we support the deferral of the implementation of the MIT Regime provided the draft rules are released in time to allow proper consultation by the industry as well as sufficient lead time to implement any system changes that may be required.

Mark the dates and place for AVCAL 2011, 18th annual Conference

Sheraton Mirage Resort & Spa,Gold Coast, QLD
21-22 September, 2011

Member registrations open 9am 31 May 2011 via online email link

AVCAL partners open 9am 17 May 2011 via online email link


Latest Conference Program includes keynote addresses from

Stewart Kohl, Co-founder, The Riverside Company

Bill Evans, Global Economist, Westpac

Hugh Bradlow, Chief Technology Officer, Telstra Corporation


This link will be updated as we get closer and the program is finalised.

Since we're only six weeks away from official conference opening, it's a good time to get your personal records in order via our website.

Remember, AVCAL 2011 is a members-only event. If you'd like to explore the benefits of membership, you can do so by visiting our website.

We've also put a list of handy tips here for you to help prepare you to be ready to register.

Kind Regards


Katherine
Chief Executive
Latest Policy and Research News

Australia PE & VC generates attractive returns, according to new benchmark index
The first Australia Private Equity and Venture Capital Index is a result of a strategic partnership between AVCAL and Cambridge Associates. The report summarises the benchmark returns for the Australian PE and VC industry as of Q2 2010. Australian PE and VC generated attractive returns over 1, 3 and 5 Years, relative to S&P/ASX 300 and S&P/ASX Small Ordinaries according to this index.

Preqin Australian Investor Outlook: Private Equity
Read this report by Preqin on Australian investor outlook and asset allocation plans in private equity for 2011 and beyond. The report was a recent undertaking by AVCAL in association with Preqin to canvass the opinions of leading institutional investors in private equity and venture capital.

mergermarket Australian M&A round-up Q1 2011
This report by mergermarket summarises the Australian M&A market for the first quarter of 2011. Figures show that Australian M&A did not continue to perform as well as it did in late 2010. Total deal value dipped 75.5% from Q4 2010 to USD10.1 billion in Q1 2011.

Bain & Company global private equity report 2010
Read the recently released 2010 report on global private equity by Bain & Company. The report assesses the current private equity environment and, potential opportunities and issues over the next 12 months.

Thomson Reuters - Global mergers and acquisitions review
Read this recent report by Thomson Reuters on global M&A activities for the first quarter of 2011.

Capital IQ Special Offer for AVCAL Members
Capital IQ is currently offering AVCAL members a 2 month free trial for new subscribers.

Preqin Special Offer for AVCAL Members
Preqin is offering AVCAL members the chance to subscribe to their services at a discounted rate. First-time subscribers will receive a USD 250 discount on any product or publication worth USD 1000 or more.

mergermarket Special Offer for AVCAL Members
mergermarket is offering a free trial to AVCAL members and an additional free 2 month access for any subsequent NEW subscribers to the service (14 months for the price of 12)

Send us your news!
With deal and fundraising activity picking up, we're keen to ensure our readers can stay up to date with the latest developments on this front. If you are a GP, do send us your news releases on your latest activities, or success stories, and we will be happy to post them up on our website and in future newsletters.
AVCAL Professional Development for 2011

PE101
Proudly Partnered by Corrs Westgarth Chambers
Melbourne - 6 May 2011.
Register now

AVCAL CFO Forum- *GP Members Only
Proudly Partnered by Ernst & Young
Sydney - 26 May 2011.
Register now


PE101
Proudly Partnered by Credit Suisse
Sydney - 17 June 2011.
Register now
AVCAL Networking for 2011

United Malt Holding Case studies
Proudly Partnered by Mallesons Stephen Jaques
Brisbane - 11 August 2011. Register now

Peplin Case Study Series
Proudly Partnered by Corrs Chambers Westgarth
Melbourne - 22 July 2011. Register now

Mark your diary
AVCAL Conference 2011, Gold Coast
Golf 20 September
Conference 21-22 September.
More information here

Other Events

The Private Wealth Forum
The Private Wealth Forum examines wealth psychology and how new wealth owners manage life transitions. The forum sets a benchmark for thought leadership for entrepreneurs, new inheritors of wealth and their key advisers.

The Mining Investment & Finance Fundamentals
This conference provides a critical in-depth review on maximising mining sector investment returns.
SYDNEY, May 31st - June 2nd 2011. 10% discount for AVCAL members.




RESEARCH PARTNERS

Ernst & Young

Pacific Strategy Partners


AVCAL 2011 PARTNERS

Castle Harlan

Advent

Gallagher

NAVIS

AON

KKR

Ironbridge

CATALYST

Archer Capital

TEST CBA 3

BOS International

Champ Private Equity

Quadrant

INVESTEC

KPMG

Intralinks

Riverside Company

Pacific Road Capital Management

Propel Investments

Credit Suisse

Pacific Equity Partners

LEK

Norton Rose

NBC Capital

Westpac


DATA VENDOR

Capital IQ

Disclaimer:

AVCAL is the professionally managed industry body that promotes the Australian private equity & venture capital industry.

The information contained in this e-mail, and any attachments to it, is intended for the use of the addressee and is confidential. If you are not the intended recipient you must not use, disclose, read, forward, copy or retain any of the information. If you have received this e-mail in error, please delete it and notify the sender by return e-mail or telephone. AVCAL does not warrant that any attachments are free from viruses or any other defects. You assume all liability for any loss, damage or other consequences which may arise from opening or using the attachments.