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Minervastraat 6 B-1930 Zaventem, Belgium Tel: + 32 2 715 00 20 Fax: + 32 2 725 07 04 e-mail: [email protected] web: www.evca.com September 2000 EVCA © Copyright Inside EVCAInside EVCA Inside the EVCA This edition of “Inside EVCA”, following the Annual General Meeting in Paris, June 2000, is intended to relay the changes to the EVCA, as agreed at the AGM. These changes cover committee structures and members, as well as new action plans detailing the objectives for the year June 2000 - June 2001. Through the pursuit and achievement of targeted objectives and actions, the EVCA will add the highest possible value to its Members' activities and to the growth and profitability of the European private equity sector. Table of Contents Page Mission . 2 Membership . 3 Committee Structure . 4 Board of Directors . 6 Executive Committee Members . 10 Investor Relations Committee . 12 Professional Standards & Communications Committee . 14 Conferences & Training Committee . 16 Tax & Legal Committee . 18 High-Tech Committee . 23 National Associations Committee . 26 Buyout Committee . 30 Past Chairmen . 33 Secretariat . 37 1 Mission The EVCA’s global mission is to promote equity investment in unquoted companies by private equity investors and to facilitate interaction amongst the members of the Association. The EVCA establishes high standards of business conduct and professional competence. The Association stimulates the promotion, research and analysis of private equity in Europe and facilitates contacts with policy-makers, investors, research institutions, universities, trade associations and other relevant institutions. The EVCA also encourages the development of equity markets that are appropriate to the needs of private equity investors and investees. This mission is pursued through actions and contacts with various peer groups. 2 Membership The EVCA’s growing appeal resulted in a total membership of 690, as of 31 August 2000. The number of Full and Associate Members, 443 and 227 respectively, are record highs. The graph shows the membership evolution since the EVCA’s foundation. 20 National Venture Capital Associations exchange Associate Membership with the EVCA. Full membership is open to organisations engaged in private equity and venture capital investment and whose main business or a substantial part of it is carried out in Europe. Associate Membership is open to organisations providing services to the private equity and venture capital industry such as banks, accountancy and law firms, consultancy groups, research institutes, universities and colleges and private equity companies from outside Europe. EVCA Membership Evolution 3 Committee Structure EVCA Committee Structure General Assembly Board of Directors Executive Committee Professional Conferences Investor Standards & Interest Group & Relations Communications Coordinator Training Committee Committee Committee National Tax & Legal High-Tech Buyout Associations Committee Committee Committee Committee The Board comprises up to 30 members representing countries with at least 3 EVCA full members. The Executive Committee of up to 8 Board members is composed of the Chairman, Chairman-Elect, Immediate Past-Chairman, the Treasurer and, as they are elected, Directors who preside over specific operating committees. Three committees are directly represented at the Executive Committee level: Investor Relations, Professional Standards & Communications, and Conferences & Training. 4 Committee Structure The Executive Committee monitors the EVCA’s relationship with Public Bodies, the financial management of the association (Treasurer), and the evolution of membership. The Chairman-Elect looks after the development of specific interest groups within the EVCA membership and coordinates with other committees. Current interest groups committees are: Tax & Legal, High-Tech, National Associations & Buyout. The Executive Committee formally reviews yearly the role of these interest groups and appoints their Chairmen. The Chairman of each interest group reviews yearly its composition. Whenever there is a need, ad-hoc task forces are formed by agreement of the Executive Committee and are supervised by the appropriate body. At present, there are two such task forces: "Education Partnership Programme" and "Valuation Guidelines". The first is formed under the aegis of the Professional Standards & Communications Committee and the latter is co-chaired by the heads of the Investor Relations and Professional Standards & Communications Committees. 5 Board of Directors Chairman: Mr. Ari Tolppanen CAPMAN CAPITAL MANAGEMENT OY (FIN) T: 358 9/615.58.00 F: 358 9/61.55.83.50 E: [email protected] Directors: Mr. Edoardo Bugnone ARGOS SODITIC SA (CH) T: 41 22/849.66.33 F: 41 22/849.66.17 E: [email protected] Mr. Emile van der Burg NIB CAPITAL PRIVATE EQUITY NV (NL) T: 31 70/30.22.81.23 F: 31 70/345.25.98 E: [email protected] Mr. Piet Serrure NIB CAPITAL PRIVATE EQUITY BELGIUM (B) T: 32 3/286.91.43 F: 32 3/286.91.50 E: [email protected] Mr. Dominique Peninon ACCESS CAPITAL PARTNERS (F) T: 33 1/56.43.61.00 F: 33 1/56.43.61.01 E: [email protected] Mr. Max W. Römer QUADRIGA CAPITAL BETEILIGUNGSBERATUNG GMBH (D) T: 49 69/79.50.00.20 F: 49 69/79.50.00.68 E: [email protected] Mr. Gylfi Arnbjörnsson EFA VENTURES (ICL) T: 354/588.33.70 F: 354/588.33.40 E: [email protected] 6 Board of Directors Mr. Walter Butler BUTLER CAPITAL PARTNERS (F) T: 33 1/45.61.55.80 F: 33 1/45.61.97.94 E: [email protected] Mr. Orlando Carrasco F. TURISMO - CAPITAL DE RISCO, S.A. (P) T: 351 21/781.58.00 F: 351 21/781.58.09 E: [email protected] Mr. Niall V. G. Carroll ACT VENTURE CAPITAL LIMITED (IRL) T: 353 1/260.09.66 F: 353 1/260.05.38 E: [email protected] Mr. Graham Dewhirst BRIDGEPOINT CAPITAL (GB) T: 44 20/73.74.35.68 F: 44 20/73.74.36.08 E: [email protected] Mr. Michael Elias KENNET CAPITAL LTD. (GB) T: 44 20/796.837.00 F: 44 20/78.39.84.85 E: [email protected] Dr. Ulrich Geilinger BANK VONTOBEL AG (CH) T: 41 1/283.70.96 F: 41 1/283.50.30 E: [email protected] Dr. Kent Hansen DANISH VENTURE FINANCE (DK) T: 45/39.66.04.00 F: 45/39.66.13.11 E: [email protected] 7 Board of Directors Mr. Lennart Jacobsson SWEDESTART MANAGEMENT AB (S) T: 46 8/54.58.54.70 F: 46 8/54.58.54.89 E: [email protected] Mr. Waldemar Jantz TARGET PARTNERS GMBH (D) T: 49 89/25.55.85.00 F: 49 89/25.55.85.11 E: [email protected] Dr. Franz R. Krejs HORIZONTE VENTURE MANAGEMENT GMBH (A) T: 43 1/533.56.01 F: 43 1/533.56.014 E: [email protected] Mr. Robert J. Manz ENTERPRISE INVESTORS (PL) T: 48 22/653.45.00 F: 48 22/653.45.55 E: [email protected] Mr. Gerard H. Montanus ATLAS VENTURE (NL) T: 31 35/695.48.00 F: 31 35/695.48.88 E: [email protected] Mr. Francesco Panfilo ABN AMRO CAPITAL INVESTMENTS (I) T: 390 6/32.47.63.20 F: 390 6/321.99.49 E: [email protected] Mr. Ioannis Papaioannou GLOBAL FINANCE SA (GR) T: 30 1/720.89.00 F: 30 1/729.26.43 E: [email protected] 8 Board of Directors Mr. Francesc Raventos CATALANA D'INICIATIVES C.R. S.A. (E) T: 34 93/317.81.61 F: 34 93/318.92.87 E: [email protected] Mr. Alois Strnad RENAISSANCE PARTNERS (CZ) T: 420 2/22.25.24.07 F: 420 2/22.25.17.91 E: [email protected] Dr. Zoltan Szemerey MAVA INVESTMENT MANAGEMENT (H) T: 36 1/315.06.44 F: 36 1/315.04.44 E: [email protected] Mr. Philip Vermeulen FLV MANAGEMENT NV - FLV FUND CVA (B) T: 32 57/22.94.30 F: 32 57/20.68.42 E: [email protected] Mr. Svein Wilhelmsen INDUSTRIFINANS FORVALTING (N) T: 47/22.47.33.00 F: 47/22.47.33.33 E: [email protected] Secretary: Mr. Javier Echarri, sprl EVCA T: 32 2/715.00.28 F: 32 2/725.07.04 E: [email protected] 9 Executive Committee Members Chairman: Mr. Ari Tolppanen CAPMAN CAPITAL MANAGEMENT OY (FIN) T: 358 9/615.58.00 F: 358 9/61.55.83.50 E: [email protected] Chairman-elect and Interest Group Coordinator: Chairman Professional Standards & Communications: Mr. Edoardo Bugnone ARGOS SODITIC SA (CH) T: 41 22/849.66.33 F: 41 22/849.66.17 E: [email protected] Immediate Past-Chairman: Mr. Emile van der Burg NIB CAPITAL PRIVATE EQUITY NV (NL) T: 31 70/30.22.81.23 F: 31 70/345.25.98 E: [email protected] Chairman Investor Relations: Mr. Dominique Peninon ACCESS CAPITAL PARTNERS (F) T: 33 1/56.43.61.00 F: 33 1/56.43.61.01 E: [email protected] Chairman Conferences & Training: Mr. Max W. Römer QUADRIGA CAPITAL BETEILIGUNGSBERATUNG GMBH (D) T: 49 69/79.50.00.20 F: 49 69/79.50.00.68 E: [email protected] 10 Executive Committee Members Treasurer: Mr. Piet Serrure NIB CAPITAL PRIVATE EQUITY BELGIUM (B) T: 32 3/286.91.43 F: 32 3/286.91.50 E: [email protected] Secretary General: Mr. Javier Echarri, sprl EVCA T: 32 2/715.00.28 F: 32 2/725.07.04 E: [email protected] 11 Investor Relations Committee OBJECTIVES 1. Co-lead with the Professional Standards and Communications Committee a Task Force to review the EVCA’s Valuation Guidelines 2. Improve the pan-European Performance Study and the European Private Equity Investment Survey with the aim of releasing mid-year data 3.