eNewsletter no. 527

22 December 2020
   

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Dear Reader

 


The past year was exceptional and challenging in many ways. Even more we appreciate your support and interest in our activities and would like to thank you for your loyalty and trust during this extraordinary time.

On behalf of the entire SECA team, we wish you and your loved ones a wonderful and peaceful Christmas with prosperity, health and happiness for the coming year.

We will do our best to continue to strengthen the private equity and corporate finance industry in 2021. We look forward to many meetings, ideas, discussions, statistics, conferences, books and studies, newsletters, workshops.... and to hopefully seeing you physically again.

Stay healthy,
Maurice Pedergnana

 
 
 

SECA

 
   

3. SECA Workshop Venture Capital

28. & 29. Mai 2021, Zurich

Ziel des Workshops ist es, einen umfassenden Einblick in die Struktur, die Funktionsweise, in die Dynamik der VC-Industrie sowie Handlungsempfeh-lungen aus der Sicht des Investors oder Grosskonzerns zu erhalten, was letztlich wesentlich zum besseren Verständnis der vorhandenen Chancen und Risiken dieser Assetklasse sowie deren Rolle im Rahmen von Corporate Venturing beiträgt.

 
 

SECA fragt nach...

HeiQ, das Schweizer Unternehmen für innovative Textilchemikalien und Herstellerin einer anti-mikrobakteriellen Technologie, die das Corona-Virus zerstört, ging am Montag, 7. Dezember 2020, an die Börse, und zwar an der Londoner LSE und im Rahmen eines Reverse-Takeovers. Der Ticker lautet HEIQ LN. Der Kurs ist seither um 17% gestiegen. Die wichtigsten Punkte zu HeiQ, einem Spin-off der ETH Zürich, erhalten Sie hier. SECA hat weiter nachgefragt:

  • Ihr seid in London und nicht in Hong Kong (wo die grossen Textilinvestoren sitzen) an die Börse gegangen. Der Ticker lautet HEIQ LN und die ISIN ist GB00BN2CJ299. Wie ist das abgelaufen und wie fühlt ihr euch dabei? Es war eine ausserordentliche Leistung der HeiQaner auf der ganzen Welt, nebst einer stark gestiegenen Nachfrage nach unseren Technologien auch noch einen IPO hinzulegen. Wir sind stolz, dass die harte Arbeit in 2020 zu diesem einmaligen Ziel geführt hat. Ursprünglich war Hong Kong tatsächlich unsere erste Wahl, aber auch die LSE bietet einen guten Zugang für unsere asiatischen und amerikanischen Investoren. 
  • Ihr habt schon über 200 textile Innovationen in Partnerschaft mit über 300 Marken entwickelt, darunter Burberry, GAP, New Balance, Patagonia, The North Face und Zara. Habe ihr die Komplexität - angesichts der unterbrochenen Lieferketten im Coronajahr 2020 - noch im Griff? 2020 war auch logistisch eine grosse Herausforderung, doch dank dem grossen Engagement unserer Mitarbeiter in 13 Ländern und unseren Partnern in weiteren 25 Ländern konnten wir die Engpässe erfolgreich meistern.
  • Die Marktbewertung nach der Sacheinlage von eurer Gesellschaft liegt derzeit bei 140m Pfund: Ist das im Rahmen eurer Erwartungen? Wir folgen dem guten Schweizer Prinzip, welches besagt, dass wir lieber etwas weniger versprechen und dafür die Erwartungen übertreffen. Der Markt wird den Wert unseres Unternehmens in den nächsten Jahren, basierend auf unserer Innovationskraft, sicherlich geeignet bewerten.
 
 
 
 

Venture Capital

 
   

Swiss Startup Radar

Startupticker launched Swiss Startup Radar in collaboration with HEC Lausanne, University of Lausanne as a data-based report in addition to Swiss Venture Capital Report in 2018. The third edition focuses on the economic importance of the companies (job creation, foreign direct investments, innovative strength) as well as on the peculiarities of the investor landscape in Switzerland. The results are compared with several other countries including UK, Israel, Sweden and Germany. The book presents the results in German, French and English.

 
 

Portuguese Lurdes Gramaxo is Europe's female angel investor of the year 2020

This year, the "Golden Aurora", the prize for the best female business angel in Europe, goes to Portugal - more precisely to Porto, the home of Lurdes Gramaxo. The nine-member European jury selected Lurdes Gramaxo as the winner, ahead of the two runners-up with equal points, Regina Llopis from Spain and Brigitte Baumann from Switzerland.

 
 

André Hoffmann Becomes New Chairman of the Foundation Board

The W.A. de Vigier Foundation, which awards one of the most highly endowed prizes for young entrepreneurs in Switzerland, has a new president. André Hoffmann succeeds Dr. Daniel Borer, who has been a member of the foundation's highest body since 2013.

 
 

EBAN Impact Publishes its first Impact Investing Report  - Reporting on Investor Background and Investment Characteristics

EBAN Impact is delighted to announce the publication of our first Impact Investing Report #EIIS2020 - Europe’s most extensive annual research on the activity of business angels and business angel networks. 
 

 
 

Boehringer Ingelheim acquiring NBE-Therapeutics for €1.18 billion

Venture Leader Technology and TOP 100 company NBE-Therapeutics acquired for €1.18 billion by Boehringer Ingelheim. Boehringer Ingelheim to strengthen its cancer pipeline portfolio with novel antibody-drug conjugates.

 
 

XRnanotech gewinnt CHF 150'000 für die Sichtbarmachung der Nanowelt

XRnanotech bietet einzigartige Optik-Lösungen, die den weltweiten Bedarf an fortschrittlicher Röntgenoptik in der Mikroskopie decken. Die firmeneigene Technologie wurde eingesetzt, um den Weltrekord in der Röntgenfokussierung aufzustellen und eröffnet Forschern neue Möglichkeiten, um wichtige Erkenntnisse über Viren, Proteine oder nanostrukturierte Transistoren zu gewinnen. Das Startup wird die CHF 150’000 nutzen, um seinen Markteintritt voranzutreiben und auf dem globalen Markt zu expandieren.

 
 

100 Startups Made in Austria

100 Startups Made in Austria was co-produced together with the Metropole‘s parent company Home Town Media GmbH, Venionaire Capital, and go-international with support from the Federal Ministry for Digital and Economic Affairs and the Austrian Federal Economic Chamber. The book will bring international attention to Austria’s rising startup scene, with Vienna recently being named a European startup hub by TechCrunch.

 
 

SoftBank reaps USD 11.2 billion gain from DoorDash investment 

Japanese technology giant SoftBank Group scored a USD 11.2b gain in the value of its stake in DoorDash following the U.S. food delivery app’s blockbuster stock market debut on Wednesday. SoftBank, which invested USD 680m in DoorDash in the last 3 years, saw the value of its 25% stake rise to USD 11.9b.

 
 

Sequoia and KKR lead ByteDance funding round that values it at USD 180 billion 

Venture Capital firm Sequoia Capital and PE company KKR & Co. are leading ByteDance’s latest funding round that will value the Chinese tech giant and TikTok owner at USD 180b. The funding round, aiming to raise USD 2b and would make it the world’s most valuable financing round in the private market, is drawing to a close this month.

 
 

EBAN Publishes its 2019 Statistics Compendium – Reporting on the Activity of Business Angels and Business Angel Networks in Europe

EBAN is pleased to present the new edition of the Annual Statistics Compendium, which reports on angel investment data related to 2019. The Compendium provides information on the visible angel market data gathered across 38 European countries.

 
 

The year in charts: VC defies 2020 expectations despite the pandemic

From VC financing to mega-funds, mega-rounds and IPOs, here are five charts from PitchBook that sum up an improbable year.

 
 

European VC Valuations Report

For both early-stage and late-stage venture investments in Europe, average pre-money valuations have reached all-time highs in 2020. The COVID-19 crisis is still raging across the region, yet both established VC firms and nontraditional investors remain optimistic—particularly toward startups in sectors that have thrived during the pandemic, such as software and healthcare.

 
 

dacadoos Wheel of Life-Ankündigung

Covid-19 hat die Nachfrage von Versicherern erhöht, den Digitalisierungsprozess zu beschleunigen und Gesundheitsangebote näher an ihre Produktangebote zu knüpfen. Gutes Timing also für dacadoo, um die nächste Generation ihrer digitalen Gesundheitsplattform auf den Markt zu bringen: Wheel of LifeTM - der ultimative Lebensstil-Navigator.

 
 

ETH Spin-offs auf dem Prüfstand

Bis zu 30 Spin-​off Gründungen pro Jahr an der ETH Zürich – das ist beeindruckend. Aber was steckt hinter dieser Zahl? Wie leistungsfähig sind diese Spin-​offs und was sind Erfolgsfaktoren? Eine neue Studie liefert erstaunliche Fakten.

 
 

Europe newest and biggest agritech fund

Eric Archambeau and George Coelho launched leading VC firm Balderton Capital in Europe in the early 2000s — and were early investors in success-stories like Spotify. Now they have raised a $325m agritech fund from their VC firm Astanor Ventures - the largest fund of its kind in Europe to date - in a sign the sector is coming of age.

 
 

Creathor's portfolio company Alrise Biossystems announces acquisition of its ImSus® drug delivery technology by Ferring International

The drug delivery specialist Alrise Biosystems GmbH has entered into an Asset Purchase and Exclusive License Agreement with Ferring International Center S.A. for the development and commercialisation of products manufactured with Alrise's ImSus® platform technology.

 
 

Die richtige Patent-Strategie finden

Start-ups haben verschiedene Möglichkeiten, ihr geistiges Eigentum zu schützen. Doch welche Instrumente eignen sich, um die Entwicklung des Unternehmens voranzutreiben und gleichzeitig das Firmenwissen zu bewahren? Darauf geht Jordi Montserrat, Leiter von Venturelab, ein.

 
 
 
 

Private Equity – Swiss News

 
   

Erfolgreicher finaler Zeichnungsschluss von Fontavis Renewable Infrastructure Fund Europe mit EUR 445 Mio.

Der auf Clean Energy und Infrastruktur Investitionen spezialisierte Schweizer Vermögensverwalter FONTAVIS hat erfolgreich den Fontavis Renewable Infrastructure Fund Europe («FORTE») nach dem Ablauf der Zeichnungsfrist geschlossen. Die erhaltenen Kapitalzusagen betragen EUR 445m. und liegen damit deutlich über den Erwartungen. Zu den 24 Investoren zählen Pensionskassen, Versicherungen, Anlagefonds und andere qualifizierte Anleger aus mehreren europäischen Ländern.

 
 

Partners Group's Private Markets Navigator 2021: 'Offense remains the best defense'

Partners Group's Private Markets Navigator for 2021 summarizes the economic outlook and investment preferences for all private market asset classes. It is a «need to read» lecture.

 
 

Redalpine launches its ESG initiatives to drive a more sustainable future

At Redalpine, we recognise that action is required now to avoid more devastating crises in the future. This year’s World Economic Forum’s risk report, stipulates that the top five risks in terms of likelihood were environmental, and the top four of five risks in terms of impact were both social and environmental in nature. That’s why Redalpine has taken action to formalise its commitment to an environmental, social and governance (ESG) program.

 
 

Capital Dynamics Closes on 383 MWdc Eagle Shadow Mountain Solar Project 

Capital Dynamics announced achievement of the financial close of the 383 MWdc solar photovoltaic project.

 
 

dbi services schliesst Partnerschaft mit Verium zur Beschleunigung der Wachstumsstrategie

Eine durch das Multi Family Office Verium vertretene Investorengruppe erwirbt eine Mehrheitsbeteiligung an dbi services. Die Gründer und Schlüsselmitarbeiter bleiben in erheblichem Umfang investiert und werden das Geschäft gemeinsam mit Verium weiterentwickeln. Das Unternehmen verfolgt das Ziel, seine starke Marktposition in der Schweiz weiter auszubauen und eine ehrgeizige Wachstumsstrategie organisch und durch Zukäufe umzusetzen.

 
 

Mobil in Time Gruppe übernimmt die nassag, Trocknungs und Messtechnik AG

Die Mobil in Time Gruppe (« MiT Gruppe»), führender Anbieter im Bereich mobiler Energie in der Schweiz, übernimmt die nassag Trocknungs und Messtechnik AG (« nassag ») und erweitert damit ihr Produktangebot in den Bereichen Wasserschadensanierung, Bautrocknung und Entfeuchtung. Durch diesen Zusammenschluss stärkt die Gruppe ihre Position als Marktführer mit einem breiteren Leistungsangebot sowie einer erweiterten regionalen Verankerung in der gesamten Schweiz.

 
 

Gilde Buy Out Partners acquires TonerPartner Group from Invistion and Founding Family

Funds advised by Gilde Buy Out Partners (“Gilde”) are pleased to announce that Gilde reached a binding agreement to acquire TonerPartner from its current shareholders Invision and its founding family. The terms of the agreement have not been disclosed. The transaction is subject to customary merger clearance approvals.

 
 

EppsteinFOILS schafft mit der Schweizer Industriegruppe Artum als neuem Gesellschafter langfristige Grundlage für den weiteren Ausbau seiner weltmark

Die Schweizer Industriegruppe Artum AG («Artum») beteiligt sich an der EppsteinFOILS GmbH & Co. KG («EppsteinFOILS»), dem weltweit führenden Anbieter in der Herstellung von hochwertigen und extrem dünnen technischen Nicht-Eisen Metallfolien. Dabei soll die Weltmarktführerschaft von EppsteinFOILS in den bestehenden Märkten weiter ausgebaut und neue Märkte erschlossen werden. Dirk Mälzer wird für die EppsteinFOILS unverändert in seiner Rolle als Geschäftsführer verantwort-lich sein.

 
 

Invision acquires majority stake in N3K

Invision, a leading investor focused on mid-sized companies headquartered in German speaking regions, acquires a majority stake in N3K Network Systems („N3K“). Previous shareholder VR Equitypartner will re-invest in the company together with management.

 
 

Energy Infrastructure Partners takeover of 49% of BayWa r.e.

Energy Infrastructure Partners, formerly Credit Suisse Energy Infrastructure Partners, has made a EUR 530m (CHF 570m) equity contribution to BayWa r.e., a German renewable energy company. It will now take a 49% stake in the firm. The remaining 51% will remain in the hands of BayWa AG, making it the major shareholder.

 
 
 
 

Private Equity – Int. News

 
   

The 25 Largest Private Equity Firms in One Chart

Frequent the business section of your favorite newspaper long enough, and you’ll see mentions of private equity (PE). Maybe it’s because a struggling company got bought out and taken private, just as Toys “R” Us did in 2005 for $6.6 billion. Otherwise, it’s likely a mention of a major investment (or payout) that a PE firm scored through venture or growth capital. For example, after Airbnb had to postpone its original plans for a 2020 initial public offering (IPO) in light of the pandemic, the company raised more than $1 billion in PE funding to plan for a new listing later this year.

 
 

The insight: Europe’s private equity industry during COVID-19 and beyond

COVID-19 has had an exceptional impact on society as a whole and across most business sectors. Despite the challenges, the private equity market has proven itself to be both resilient and adaptable, which makes it well positioned to take advantage of new opportunities that will emerge post-pandemic. Although the full impact of COVID-19 is not yet fully known or understood, this recently conducted pan-European survey of private equity professionals gives some insights into the pandemic’s effect on the industry, particularly how limited partners (LPs) and general partners (GPs) have responded to what is still a fastmoving investment landscape, as well as their view of the private equity market going forward.

 
 

Invest Europe Newsletter - A year like no other

This newsletter presents you with an editorial selection of Invest Europe 2020 highlights, given the breadth of activities and deliverables across our teams, driven by an increased focus on servicing members’ needs.

 
 

2021 Global Private Equity Outlook 

Despite the tumultuous events of 2020, the private equity industry has proven that it can roll with the punches, according to 2021 Global Private Equity Outlook, an annual report co-published by Dechert LLP and Mergermarket. This report discusses how the sector fared amid the ongoing global pandemic, economic upset, and geopolitical pressures that marked this year as well as what the future may hold for this robust and creative industry.

 
 

NIPSCO and Capital Dynamics Sign 280MW Solar Energy Power Purchase Agreement 

Northern Indiana Public Service Company LLC (NIPSCO), a subsidiary of NiSource Inc. (NYSE: NI), and the Clean Energy Infrastructure (CEI) business of Capital Dynamics, an independent global private asset management firm, signed a long-term Power Purchase Agreement (PPA).

 
 

AVCO Newsletter - December

The national association for the Austrian Private Equity and Venture Capital Industry, AVCO offers a regular newsletter. In their monthly newsletter they are reviewing the latest events in Austria’s PE/VC landsacpe and in the neighboring regions.

 
 

New records in 2021

The private equity fundraising market experienced runaway growth during the past decade, with annual totals for capital raised climbing from less than USD 60 billion in 2010 to more than USD 316 billion in 2019. Fundraising figures are on track to take a slight step back during this strange pandemic year of 2020. But in 2021, they could bounce back with a vengeance.

Pitchbook’s private equity analysts expect the PE industry will set an all-time fundraising record next year, anticipating total capital raised will top USD 330 billion for the first time. That's just one of the forecasts they provide in their latest analyst note, which outlines a half-dozen predictions of what is to come for PE in 2021. Here are a few others: 

  • At least 20 PE-backed companies will conduct reverse mergers with SPACs
  • First-time fundraising in the US will be the strongest since the global financial crisis
  • Carveout deal value will hit the highest level on record
 
 

Maßnahmen deutscher Technologieunternehmen in der Corona-Pandemie – Der Blick ist bereits wieder auf die Zukunft gerichtet!

Eine aktuelle Befragung von EbelHofer Consultants unter deutschen Technologieunternehmen gibt einen Überblick, mit welchen Maßnahmen die Unternehmen in der Krise reagiert haben: Neben Kurzarbeit und Kosteneinsparungen, haben viele Unternehmen ihre digitalen Vertriebskanäle ausgebaut; ein Fünftel hat Preisreduzierungen von bis zu 10% gegenüber Kunden gewährt. Mittlerweile sieht sich ein Großteil der Technologieunternehmen wieder in stabileren Fahrwassern und bereitet sich auf die Zeit nach der Pandemie vor.

 
 

AstraZeneca to buy Alexion for $39 billion to expand in immunology 

Britain’s AstraZeneca has agreed to buy U.S. drugmaker Alexion Pharmaceuticals for $39 billion in its largest ever deal, diversifying away from its fast-growing cancer business in a bet on rare-disease and immunology drugs.

 
 

Acquisition Agreement with Boehringer Ingelheim for NBE-Therapeutics Marks First Major Biotech Exit for PPF Group

PPF Group, an international investment group, today announced the signing of a binding agreement to sell its stake in NBE-Therapeutics to Boehringer Ingelheim. NBE-Therapeutics is using its proprietary iADC™ platform to develop potential best-in-class antibody-drug conjugate (ADC) therapies for the treatment of solid tumors. The lead program NBE-002, an iADC targeting ROR1, entered the Phase 1 clinical testing in 2020.
 

 
 

Economic footprint of Swedish private equity

Research from Swedish Private Equity & Venture Capital Association about the economic footprint of Swedish private equity.

 
 

Why Blackstone and other private equity giants are gobbling up warehouses 

With eCommerce booming, PE-firms have been on a buying binge, acquiring millions of square feet of warehouse space, as away to capitalize on a revolution in digital commerce. At the centre of the push is Blackstone and KKR - the two private equity titans have broadened their investment strategies well beyond the LBO.

 
 

Private Equity Giants Including Carlyle in USD 1.0 billion Insurance Investment

Insurance venture led by industry veterans is starting up with USD 1b in capital provided by Carlyle and Hellman & Friedman. The new reinsurer is formed at a relatively good time for the market. Reinsurers have been pointing to better pricing and terms and conditions, Wells Fargo & Co. said in a note to clients.

 
 

Waterland closes eighth fund at hard cap of €2.5bn 

Waterland Private Equity has closed its eighth fund, Waterland Private Equity Fund VIII, at €2.5 billion. The fund was considerably oversubscribed with demand significantly exceeding the fundraising target, attributable to continued strong support from existing investors combined with significant interest from new investors.

 
 

Bund steigt für 464 Millionen Euro bei Hensoldt ein

Deutschland steigt Parlamentskreisen zufolge für fast eine halbe Milliarde Euro beim Rüstungselektronik-Konzern Hensoldt ein. Die Bundesregierung ziehe die im Zuge des Börsengangs von Hensoldt vereinbarte Option und übernehme einen Anteil von 25,1 Prozent vom US-Finanzinvestor KKR, sagte eine mit den Plänen vertraute Person der Nachrichtenagentur Reuters am Samstag.

 
 

NBE Therapeutics makes a €1.18 billion exit

This year has been particularly remarkable for the Swiss biotech company, NBE- Therapeutics. After securing USD 47 million in a financing round and upfront payments, it started clinical trials. The company has now been fully acquired by the German pharma giant Boehringer Ingelheim for EUR 1.18 Billion.

 
 

Generali infrastructure debt platform launches European funds

The infrastructure debt investment platform of Italian insurer Generali has created two European funds with a plan to raise up to EUR 700m each for each vehicle. Generali Global Infrastructure (GGI), created in 2018, has launched an energy transition, environment and green mobility fund and a digital transition and social infrastructure-focused fund with an initial EUR 145m capital for each fund from parent company Generali. The manager said the funds, which are open to institutional investors, will target between EUR 400m and EUR 700m fundraise each. The funds aim to support the recovery of the European economies from the adverse impacts of Covid-19, through sustainable and resilient investments in infrastructure, and offer a flexible allocation between debt and equity investments.

 
 

Private equity's AUM poised to grow 28% to USD 5.8T by 2025

Formidable growth is anticipated in private equity over the next few years. Deloitte’s base case scenario (55% likelihood) forecasts global PE assets under management (AUM) to reach USD 5.8 trillion by 2025. Since the pandemic hit in early 2020, many PE firms have stepped up to support their portfolio companies in myriad ways.Portfolio companies - especially smaller ones - seem to appreciate PE’s management input and industry connections as much as the capital they provide.

 
 

Fundraising gets steadier with broader lineup, Blackstone's Schwarzman says

In what has traditionally been a cyclical business, fundraising has become much smoother that it was about 10 years ago, said Blackstone Chairman and CEO Steve Schwarzman during a fireside chat at the GS US Financial Services Virtual Conference. The alternative asset manager's expansion into new products and funds helps reduce the cyclicality. Blackstone is raising a secondary fund and is finishing up another growth fund, he said. "We have a whole page-full of things we're doing," Schwarzman said. One area of expansion that should help Blackstone come out of the pandemic stronger is its push into the retail market. "This year we'll probably be ~USD 20B of annual sales for retail" and that's "going to increase at a pretty rapid clip," he said. The company's private REIT investments for retail investors has done well and he expects to replicate that success with a credit product. Blackstone is also looking to expand its products for insurance companies. He sees a lot of value for insurance companies if the firm can increase the rate of return with investments that are consistent with the insurers' criteria. "We can bring unique products to bear... we have an opportunistic view on this," he said.

 
 

1700 private equity funds launched

1'700 private equity funds in its broad sense have been launched in 2020, about 17 percent fewer than during the previous year. Real estate with 200 funds (-37%) went down, buyout funds with roughly 170 funds (-28%) as well. There has been an increase in private debt funds (230 funds, +4%). The number of venture capital funds (700, -11%) has been pretty stable. The number of growth funds (160; -21%) and secondary funds (35; -20%) came down as well. Large Swiss funds include Swiss Life Global Infrastructure Opportunities III, Lakestar III and the Swiss Entrepreneurs KmGK. Among the smaller ones are Patrimonium Private Equity Fund, Helvetia Venture Capital and Endeavour Medtech Growth II. Source: Bloomberg Private Equity Data

 
 
 
 

Corporate Finance

 
   

IPOs of Bioatla and Seer boost HBM Healthcare Investments’ NAV per share

With Bioatla (Nasdaq: BCAB), another private company from the HBM Healthcare Investments portfolio successfully went public last week. The company raised USD 189m. On the first trading day, the share price rose to USD 31.02 (+72.3%). HBM Healthcare Investments first invested USD 11.5m in Bioatla in June 2020 and increased its stake by a further USD 17.6m in the IPO. Following the IPO, HBM Healthcare Investments holds 2.69 million Bioatla shares with a total value of USD 83.5 million. BioAtla is developing a novel class of highly specific and selective antibody-based therapeutics for the treatment of solid tumor cancer. Earlier this month, Seer Inc. (Nasdaq: SEER) completed its IPO on the Nasdaq Stock Exchange. HBM Healthcare Investments was among Seer's early investors and has participated indirectly through HBM Genomics and later also directly in various rounds of the company’s financing since December 2017.

 
 

Neue Plattform für Schweizer Asset Management

beautycontest.ch verbindet qualifizierte Investoren mit Asset
Managern in der Schweiz. Die neue Online-Plattform ermöglicht die anonymisierte Suche nach geeigneten Assets und Asset Managern vor dem aufwendigen Auswahlverfahren (beauty contest). Die Plattform ist sowohl Suchmaschine wie auch Branchenbuch. Am 1. Dezember 2020 ist der Pre-Launch erfolgt.

 
 

Silicon Valley's banner year on Wall Street reshapes IPO landscape 

Highly valued tech companies have used their clout to rewrite the rules of IPOs, a shift underscored by this week's lineup of multibillion-dollar offerings. The value of VC-backed IPOs hit a decade high, but their most lasting impact will be on the structure of traditional IPOs and the creation of alternative paths to public markets that have been blazed by intrepid startups.

 
 

German perfume retailer plans 2021 debt restructuring 

German perfume retailer, Douglas, is preparing for a financial restructuring in 2021 as the pandemic hits its business and debt nears the maturity in 2022. The company’s owner, PE firm CVC, is willing to inject additional equity, if needed, to safeguard its investment. The company’s net debt stood at USD 2.5b as of June 2020.

 
 

Deloitte CFO Survey – 2nd half-year 2020

Following a sharp decline in H1 2020, Swiss CFOs’ rating of the country’s economic outlook has improved.

 
 

Survey on the Access to Finance of Enterprises (SAFE)

The European Commission monitors developments in SMEs’ access to finance through the joint European Commission/European Central Bank Survey on the access to finance of enterprises (SAFE). Since 2008, the European Commission and the European Central Bank (ECB) have collaborated on the  Survey on the Access to Finance of Enterprises (SAFE). The Commission published the first survey in 2009. In 2013, it became an annual publication. The SAFE survey covers all EU countries.

 
 

BlueOrchard with an impact debt fund

Zurich-based impact investing firm BlueOrchard, acquired by Schroders, has announced the USD 150m final close of the InsuResilience Investment fund debt sub-fund on 21 December. To date, the fund has made 14 investments across emerging markets, helping to protect 25 million people in underserved and economically vulnerable communities to mitigate the effects of climate change. IIF’s goal is to reach between 90 and 145 million beneficiaries by 2025.
 

 
 

Cinemark eyeing AMC theater locations in case of default

Cinemark is circling theater locations currently belonging to the top U.S. movie-theater chain, AMC Entertainment, in case of a default. With AMC owing hundreds of millions in back rent amid the COVID-19 pandemic, Cinemark has "recently signaled" to industry execs that it would like to step in and take over locations if AMC defaults. Investors like Apollo Global Management and partners are ready for AMC to declare bankruptcy, offering up USD 1b in debtor-in-possession financing. Apollo thinks the chain's negotiating position will only get worse next year.

 
 
 
 

Mergers & Acquisitions

 
   

Oaklins M&A Outlook Schweiz

Nicht selten werden Grundsteine für zukünftige Erfolge in Krisen gelegt. Airbnb, Uber und Zalando sind während der Finanzkrise entstanden. Chancen in Krisenzeiten wahrzunehmen, erfordert einerseits mehr Mut und andererseits finanzielle Möglichkeiten, welche dies erlauben. Wer diese beiden Kriterien auf sich vereint, dem eröffnen sich aktuell interessante Möglichkeiten auf dem M&A-Markt. Lesen Sie mehr im M&A Outlook von Oaklins.

 
 

Etops 100% takeover of Evolute

Etops has announced the 100% takeover of Evolute. Both companies provide technology services for the wealth management industry. The combined company will serve over 80 clients with total assets under management of CHF 50bn. Its clients will include Bellevue Asset Management, Entrepreneur Partners, Finaport, Globalance Bank, VT Wealth and Zugerberg Finanz.

 
 
 
 

Time to read over Christmas?

 
   

Invent and Wander – Die gesammelten Schriften von Jeff Bezos

Diese einzigartige Sammlung zeigt in Jeff Bezos' eigenen Worten seine Grundprinzipien und seine Philosophie, die ihn bei der Schaffung, dem Aufbau und der Führung von Amazon und seiner Weltraumfirma Blue Origin geleitet haben – das Warum und Wie seines Erfolgs.

 
 

Immobilien-Investmentmarkt Berlin

Neues Fachbuch zum Immobilien-Investmentmarkt Berlin erschienen: Berlin – eine Standortbestimmung / on closer examination „Berlin“ feierte vor wenigen Wochen im Oktober den 100. Geburtstag – über diesen Zeitraum beeinflussten zahlreiche historische und wirtschaftliche Ereignisse den Immobilienmarkt. Nach einem starken Aufschwung in den letzten Jahren reguliert die Mietpreisbremse seit diesem Jahr das Marktgeschehen im Mietwohnungsbereich.

  • Lohnt sich ein Einstieg in den Berliner Immobilienmarkt?
  • Welche Bedeutung hat der Markt?
  • Welche Segmente werden nachgefragt?
  • Welche Bedeutung haben Start-ups?

Auf 200 Seiten (in DE und E) beleuchten renommierte Autoren das derzeitige und zukünftige Marktgeschehen anhand aktueller Studien.

 
 

Vermarktung von Digital Banking – wie Kunden am besten erreicht werden können

Eine neue Studie des Instituts für Finanzdienstleistungen Zug IFZ zeigt, dass Banken und Kunden die Relevanz von Marketinginstrumenten zum Teil unterschiedlich einschätzen. Eine Überprüfung der Gewichtung der verschiedenen Instrumente erscheint deshalb vielerorts sinnvoll. Lesen Sie mehr über die Studie von Urs Blattmann, Dr. Manuel Thomet und Fabian Nikolussi im IFZ Retail Banking Blog.

 
 

Das neue FYB 2021 ist erschienen

Ein Schwerpunkt im FYB 2021 ist das Thema „Sustainable Finance“. Von Branchen-Insidern wird das FYB als Nachschlagewerk No. 1 für die deutsche Private Equity-/ Beteiligungs- und Corporate Finance-Industrie bezeichnet. Als der Führer zu alternativen Finanzierungsformen für mittelständische Unternehmer und institutionelle Investoren.

 
 
 
 

Jobs

 
   

M&A / Corporate Finance Consultant (100%)

TCFG ist das führende unabhängige Mergers & Acquisitions / Corporate Finance Beratungsunternehmen in der Schweiz. Mit unseren rund 20 Mitarbei-tenden sind wir in Bern, Genf, Lugano und Zürich vertreten. TCFG ist der exklusive Schweizer Partner des weltweiten Netzwerks von CDI Global (www.cdiglobal.com).

 
 

How to publish a job ad

On this place your Job ad could be published.

If you are interested please send an e-mail with your job ad, the company logo and a short description about the Job and/or the Company to info@seca.ch.

  • for SECA Full Members
    free of charge
  • for SECA Associate and Individual Members
    CHF 100.- / 2 editions
  • for Non-Members CHF 200.- / 2 Weeks
 
 
 
 

Agenda

 
   

IFZ FinTech Konferenz 2021

Mittwoch, 3. März 2021

Der FinTech-Markt in der Schweiz wächst. Um unter anderem dieser Entwicklung gerecht zu werden, führt das IFZ der Hochschule Luzern die FinTech Konferenz durch. Spannende Voten, die neue Studie, vorzügliche Diskussionen und ein starkes Netzwerk erwarten Sie an diesem Event.

 
 

PE Insights Switzerland 2021

20 May 2021, Zurich

The 10th edition of the leading Private Equity Conference from Private Equity Insights offers inspirational keynotes, enriching panel discussions, and - most importantly - valuable networking opportunities.

 
 

Startup Konferenz 2021 - What about Compliance?

Mittwoch, 16. Juni 2021, Zug/Rotkreuz

An der Startup Konferenz 2021 geben euch erfolgreiche Gründer/innen Einblick in Stolpersteine während oder nach der Gründung. Vertreter verschiedener Branchen sind vor Ort und zeigen, weshalb es sich lohnt, Compliance Themen im Startup rechtzeitig aufzunehmen. Wir beantworten Schlüsselfragen, die jedes Startup beschäftigen.

 
 

Upcoming SECA Events - save the date

  • 3. SECA Workshop Venture Capital
    28. & 29. Mai 2021, Niederer Kraft Frey, Zürich
  • 19. SECA Conference
    1. Juli 2021, Zürich
  • SECA Evening Event: Schweizer VCs on Stage
    27. Oktober 2021, Zürich
  • 9. SECA Workshop Private Equity
    5./6. November & 19. November 2021

More information will follow in due time. Please see also on www.seca.ch - Events.

 
 
 
 

Editor

 
   

Editor

SECA eNewsletter is a free online newsletter published by Maurice Pedergnana, Managing Director of the SECA Swiss Private Equity & Corporate Finance Association, received by more than 4'000 email addresses. More information: www.seca.ch or +41 41 757 67 77 (Andrea Villiger). The eNewsletter archive service is available only for SECA members.

 
 
 
 

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