15 October 2020, Tivoli Mofarrej São Paulo Hotel

E-mail Tel: +44 020 3995 4183

Programme

8.45: Welcome coffee and registration 

9.15: Chairs’ welcome

9.20: Opening keynote address

10.00: How to recognise the opportunities and address the business and financial hurdles posed by COVID-19

Leaders in banking and industry survey opportunities and challenges in Latin America M&A.  The panel of experts offer their insights on the current situation, the continuing impact of COVID-19 on deal-making and how to address the business and financial hurdles posed by the virus. We discuss prospects for 2020 Q4 and for 2021, including where to expect more or less activity:

  • within different countries and industries,
  • for different types of deals, and 
  • for different M&A parties, including strategic, PE and minority investors, and financially strong and troubled companies.

11.00: Coffee break 

11.30: M&A deal-making in a crisis

The current global pandemic is impacting the readiness of companies to do deals. This panel of experts will discuss the disruption to deal-making rituals; the impact on all phases of the M&A deal process, including diligence, advising boards and management, and acquisition financing; changes to almost every page of the acquisition agreement, including the MAC condition; the resurgence of shareholder activists; and areas of greater M&A activity including specific industries, spin-offs and stock-for stock transactions. This panel will explore these key challenges created by the COVID-19 pandemic and the ways that deal professionals and their clients have addressed them. 

Corporate crisis can lead to substantial legal exposure and create huge reputational risks, this group of experts will propose and discuss the strongest strategies for pre-planning in future. Pre-planning is fundamental so critical decisions can be taken early on, any response plan should reflect a strategy for the short, medium and long terms with a multidisciplinary approach, we examine how to prepare for follow-on litigation, cash constraints, MAE/MAC scenarios and legitimate deal break up. Explore all the various elements of a successful crisis strategy and how to cope with the challenges presented by a crisis while in the course of a potential M&A transaction.

12.30: Networking lunch

13.30: Afternoon keynote address

14.15: Different classes of shares and their effects on transactions, corporate and capital structures, and risk of migration to different jurisdictions

Leading M&A practitioners discuss the migration of companies to foreign jurisdictions, more friendly towards controllers, allowing the implementation of their idiosyncratic vision of the business whilst retaining control. The panel will examine the perils of tiny controllers in dual class companies who may have an incentive to carry on related party transactions detrimental to the corporation. We will also visit the regulations and remedies available to prevent this behaviour.

15.15: M&A as an alternative source of corporate finance   

The healthcare crisis and the measures governments are implementing to address it have a deep impact on corporate liquidity. This panel will explore the interaction between M&A and corporate finance. While less liquidity in the market tends to reduce the appetite of acquirers, in prior crises M&A has emerged as an alternative path to traditional banks and capital markets debt financing. The discussion will address a variety of M&A transactions available for companies to gain liquidity, including non-core asset dispositions, carve-out transactions and business divestitures, as well as joint ventures and capital raising from multilateral organizations and private equity funds. The panel will compare various alternative structures, including differential classes of stock, warrants and CVRs, as well as delayed value techniques, like earn-outs and complex price adjustments. 

16.15: Coffee break

16.45: Hostile activism in 2020 – the debt view, the equity view

Have the effects of the pandemic in the markets opened up space for more activism and opportunistic moves? Are hostile takeovers now presented in different ways? This discussion will look at the tools available to shareholders and management to deal with minority requests and unsolicited offers, and looking to the bright side, if there might be an opportunity to increase governance in this scenario. 

 17.45: Chairs' closing remarks

Venue

Tivoli Mofarrej São Paulo Hotel, Alameda Santos, 1437 - Cerqueira César, São Paulo - SP, 01419-001, Brazil

Testimonials

  • “Diverse, timely, adequate and thorough.” - Gustavo Taiar, ASBZ Advogados

  • “Congratulations for a wonderful, well-organised conference again!” - Sergio Eguiguren, Barros & Errázuriz

Ticket Prices

Private Practitioner
Type Price Until
Super Early  $550 04 Sep 2020
Early  $650 02 Oct 2020
Standard  $750 15 Oct 2020

 

In-house/Governmental
Type Price
Standard

$0