| Dear AVCAL Colleague,|
Happy New Year. I
hope you had an enjoyable Christmas and New Year's break. 2012 has
started with plenty of activity for our members and for AVCAL
itself. High profile deals that have been mooted in the press are
resulting in a focus on PE from several media outlets.
addition, private equity is coming under increasing attack in the US
as Mitt Romney's detractors (thus far from his own party) use his PE
background as a source of ammunition. The level of inaccuracy,
inconsistency and downright lies about the way PE carries out its
business will have repercussions for Australian PE as
Detractors are likely to jump on the band wagon to
advance their opinions, and an early example of that was published
last Thursday. The Sydney Morning Herald and The Age ran an item
that was riddled with inaccuracies. Past attempts to redress the
balance with the SMH by offering a thoughtful letter in response
have met with abuse and so this time we didn't bother. Instead we
have published an open letter of rebuttal on our website.
reminder that AVCAL is relocating its office just up the road to L10
27-31 Macquarie Place (Kyle House), Sydney. It now looks like the
move will occur a little later than anticipated, sometime in mid to
late February. We are also currently in the middle of changing our
system software, member database and web platform to an integrated
service. We expect to switch over at the end of this week and will
write to you separately asking you to login to the new site and
check that your details are accurate and current.
looking forward to a busy and productive year delivering services,
training and events for all of our members.
Strategy Partners Deal Metrics Survey 2011
survey covers deals executed from 2006-11, and tracks trends in the
key metrics used to measure PE and VC activity over this
Group research: Understanding PE outperformance in difficult
The report finds that PE offers an attractive
risk profile in a challenging macroeconomic environment, and is a
particularly attractive asset class in times of high economic
Institute: PE findings (winter 2011)
Read the latest
edition of the Coller Institute's "Private Equity Findings" which
synthesises leading academic research in PE, and looks at topics
such as PE-backed IPO performance, soverign wealth funds and public
We have published on our website a 2012
calendar of key dates. Registration for events will be open after we
switch over to our new IT system at the end of this week. Our
professional development program (PD) now has three levels of
training, categorised as Introductory, Focus and Masterclass.
Expressions of Interest are available for the below events in the
View 2012 calendar of key events and dates
View details about our new Master course Doing the
The following events are not open for registration
but we are taking expressions of interest:
Tuesday 14 February
Intro - PD
and Indemnities Insurance
Friday 29 February
Thursday 22 March
Intro - PD
Follow AVCAL on Twitter and LinkedIn. We regularly post items of interest to
these site (simultaneously) to provide our members with additional
outlets to easily access relevant news and information nationally
us your news!|
If you are a GP, send
us news on your latest activities and achievements.
AVCAL has given interviews and background to
various media outlets focussing on a number of private equity deals
currently in play. This includes The Australian,
Australian Financial Review and ABC Radio.
A podcast has just been published
following a recent roundtable interview involving AVCAL and a number
of VC participants and their portfolio company representatives with
The Age journalists Leon Gettler and Garry Barker .
US-based private equity digitial
news service Privcap recently interviewed AVCAL CEO Katherine
Woodthorpe about industry trends in Australia. The interview is
featured in a podcast and as a transcipt.
AVCAL and CHAMP feature in a
Smart Company story.
"Australian private equity body sees
healthy 2012" - Sky News headline.
Events and Member Offers|
9th Annual AVCJ Australia & New Zealand Forum
From 7-9 March 2012 at Sydney's Westin Hotel, the AVCJ
A/NZ conference will offer attendees a comprehensive view of the
challenges and opportunities that currently and a platform to form
relationships with key industry professionals and
Inaugural AVCJ Indonesia Forum 2012
Indonesia Forum on 20 March 2012 will offer attendees access to and
analysis of this untapped market, explore how to maximise returns
and minimise risks. AVCJ is offering AVCAL members a 15% discount
off the standard rate.
PE Asia special offer
PE Asia is currently
offering AVCAL members a 20% discount for new subscribers.
Please email PE Asia for more information about this offer.
Ensure you quote AVCAL11 to receive this discount.
Preqin special offer
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.
Capital IQ special offer
Capital IQ is
currently offering AVCAL members a 2 month free trial for new
Guide to Responsible Investment discount
Media's Guide to Responsible Investment provides practical ESG
guidance from over 25 industry experts. AVCAL members receive 15%
off, quote AVRI15 to redeem.
AVCAL is the professionally
managed industry body that promotes the Australian private equity &
venture capital industry.
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