Dear AVCAL Colleague
My colleagues and I
have spent quite a bit of time visiting members over the last four
weeks. The sentiments expressed in those meetings are of a
reasonably positive nature, despite the times. The industry is
working hard. One thing is clear, the members value the forum that
we provide and it is with that clear mandate that we continue our
work in advocacy, research, training and networking events.
I
mentioned education last time. This is really important as we look
to raise the professional benchmarks for the industry. I'd urge you
to consider registering for our Advanced Training Course in Private
Equity or our Foundation Course. More...
AVCAL
Submissions
On the advocacy front, we've been busy
meeting with our working groups, government departments and various
Ministers.
One issue that has arisen is a review of the
tax treatment of managed investment trusts. The AVCAL submission to
Board of Taxation can be downloaded here - Review of Managed Investment Trusts
AVCAL
has worked closely with the Dept of Industry, Innovation, Science
and Research and Minister Kim Carr, on a proposal to assist the VC
industry through the current financial crisis. We will let AVCAL
members know as soon as we have any news from DIISR and the Venture
Capital Committee.
In addition we are working on a submission
to the Australian Financial Centre Forum panel, about the barriers
to Australia becoming a regional hub for the financial services
sector. Assistant Treasurer Chris Bowen highlighted the
Government's vision for the sector at the Budget breakfast briefing
in May 08.
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Regards
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Katherine
Woodthorpe
Chief Executive
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News
Our
new website will be launched in March. We look forward to
unveiling this great interactive tool that will have many many great
features to keep you connected.
mergermarket Private
Equity deal pipeline February 2009
The British Venture
Capital Association (BVCA) in association with E&Y press release of the report on Performance of UK
Private Equity backed companies. Download report
Australian Bureau of
Statistics' VC and Later Stage Private Equity Survey
(FY08)
The latest ABS survey results on the Australian VC and
PE sector were released on 12 Feb 2009. A copy of the report may
be downloaded here
Melbourne
International Venture Capital Conference
Several AVCAL VC
members were interviewed on the sidelines of the MIVC Conference.
Read these interviews in The Age (2 Feb 2009) and ABC Lateline Business (5 Feb 2009).
McKinsey report - The voice of experience: Public versus
private equity
Few directors have served on the boards of
both private and public companies. Those who have give their views here about which model works
best.
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AVCAL
Events
VIC Networking Lunch - MBO of Homy Ped by
ANZ PE
24 February 2009, Melbourne
The AVCAL
Advanced Training Course in Private Equity (Structuring and
Restructuring LBOs) and NSW Networking Dinner sponsored by DLA Phillips Fox
2 & 3 March 2009,
Sydney.
Register now and view program for Advanced
Training Course or Register for dinner only
QLD Networking
Lunch - Catapult Genetics case study
26 March 09, Brisbane
Register now.
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AVCAL Foundation Course and Networking
Dinner
7-8 April 09, Sydney
Our Foundation Course is a
members-only, practitioner-led program most suitable for new
entrants to the private equity and venture capital markets. It has
been revised and made more relevant to the two industry groups of VC
and PE. A once a year chance to hear about the industry from the
leaders and decision makers in the industry.
We are
delighted to have confirmed Louise O'Halloran, Chief Executive of
Responsible Investments Australasia as our speaker at the Foundation
Course networking dinner. Her presentation has the endorsement of
the Hon. Al Gore, former US Vice President.
Register now for AVCAL Foundation Course or Register for dinner only, featuring Louise
O'Halloran
AVCAL NSW Golf Day
11 June 2009,
Ambrose tee off at 12.00 noon.
Registrations now open.
A reminder to
mark your diary for 30 Sept and 1 Oct 09 for the AVCAL 09
conference. Golfers, we've moved you to 29 Sept. Regos open
in mid May.
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Other
Events
Australia & New Zealand 2009
AVCJ
Private Equity & Venture Forum 4 - 6 March
Capitalising on Innovation
2009 - Wednesday 11 March 2009, 5.30pm - 7pm at Griffith Hack,
North Sydney. More details
INNOVIC Applications
are being taken until 16 March 2009, for the Next Big Thing Awards.
March
26-27, 2009, Glendale, Arizona, USA
5th Annual Thunderbird Global Private Equity
Investing Conference.
Cleanteach Forum 31 March - 2 April, Park Hyatt Melbourne.
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In
this Issue
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AVCAL
2009 PARTNERS
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venture capital industry.
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