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February 2009
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.

Regards



Katherine Woodthorpe
Chief Executive
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.

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.
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.

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.



In this Issue

mergermarket pipeline Feb 09

BVCA / E&Y report on performance on PE backed companies

Last days to register for the Advanced Training Course

Foundation Training Course

NSW Networking Dinner - April with Louise O'Halloran
AVCAL 2009 PARTNERS



Ironbridge

Westpac

GE Commercial Finance

DLA Phillips Fox

NAVIS

BOS International

Propel Investments

Intralinks

NBC Capital

Disclaimer:

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

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