eNewsletter no. 534

25 November 2021
   

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Dear Reader

Dear Reader

Game-changing? Put simply, Sequoia plans to gather up all its fund commitments for its US and European vehicles and decant them into the newly minted Sequoia Fund, which will act as an LP and redistribute capital into its traditional venture funds while simultaneously holding onto companies after they go public.

With the announcement, Sequoia declared that as far as its business is concerned, the venture industry's standard 10-year fund cycle is "obsolete." It's an innovative move for sure, and one that is perhaps overdue.

In this respect, Switzerland's HBM Healthcare Investments evergreen structure has been visionary. If Sequoia's opinion is true, HBM was clearly ahead of its time with its evergreen structure. And Redalpine with its recently launched Opportunity Fund. But Americans are clearly better in marketing companies/ideas etc. than the Swiss.

Have a nice week!
Maurice Pedergnana

 
 
 

SECA

 
   

SECA Webinar: Changing Dynamics in Private Equity Demand

Wednesday, 1 December 2021, online

Investing in Private Equity has become increasingly prevalent among institutional investors, and private investors are also increasing demand. The regulatory regime has made steps to open access to private investors who have historically been limited by the high investment minimums and various structural constraints. This SECA Webinar, offered in cooperation with employee-owned Neuberger Berman, provides insights on the changes in the way both institutional and private investors are accessing this asset class.

 
 

SECA Webinar: Robotics

Tuesday, 14 December 2021, online

Industry 4.0 is considered to be of similar impact as the invention of the steam-engine, referring to increasing automation, interconnectivity, machine learning and real-time data. Robotics are the translation into actual labor and operations. This offers yield and opportunities for technology investors. In this webinar, we will provide an overview of the most recent trends, potential changes in the industry, and avenues for successful transformation, which include opportunities for eligible technology investors.

 
 

Formations en ligne sur le private equity

La SECA (Swiss Private Equity and Corporate Finance Association) propose un cycle de formations en français facilitant la montée en compétences des professionnels intéressés par le capital-investissement (private equity). Nous offrons aux membres et non-membres un cycle de sept formations conçus pour un large public, allant des nouveaux entrants dans les métiers du private equity aux professionnels plus établis, mais aussi aux chargés d'affaires et acteurs du middle et du back office souhaitant approfondir leurs connaissances, professionnels de la finance, de la banque, des assurances et des caisses de retraites.

 
 

New publications: PE Activity H1 2021, European market sentiment survey

Invest Europe published two new reports underlining the robust recovery in private equity activity in the first half of 2021, as well as the strengthening belief in the industry’s ability to contribute to a stronger economy and better society.

1.    ‘Investing in Europe: Private Equity Activity H1 2021’ provides a detailed snapshot of private equity activity in Europe and reveals that firms invested €57.3 billion in businesses across Europe, the highest ever six-month total.

2.    ‘The insight: how Europe’s private equity industry is anchoring long-term investors – Pan-European market sentiment survey’ reflects the momentum in private equity activity in the first half of the year and maps the role the industry is poised to play in the near term. Some 95% of general partners stated they intend to increase their focus on ESG issues in the near future, and 86% are planning to concentrate more on diversity & inclusion.

 
 
 
 

Venture Capital

 
   

VC Magazin Sonderausgabe: Unstoppable – Start-up 2022

Die aktuelle Ausgabe des VC Magazins gibt als Wegweiser Gründer:innen Inputs zu organisatorischen Fragen wie Rechtsformen, der Gründung an sich, Arbeitsverträgen für Mitarbeiter:innen, zur Finanzierung und zu regulatorischen Themen. Praxisbeispiele zeigen verschiedene Wege der Gründung und Finanzierung auf. Im anschliessenden Gründerguide finden sich Firmen und Ansprechpartner:innen ebenso wie Businessplanwettbewerbe und Informationen zu öffentlichen Fördergeldern.

 
 

Q3 2021 Interactive Global League Tables

Who led the way? Check out the latest edition of our Global League Tables, which ranks Q3's most active investors, advisers, service providers and more. The interactive tables cover the full spectrum of the private markets, from the busiest acquirers of VC-backed companies to private equity's most active investors in healthcare. The data can be sorted by firm, deal type, geography, sector and more.

 
 

European VC Valuations Report

The European VC ecosystem has smashed records across the board in 2021—and valuations are no exception. Bullish VC investors, outsized rounds across all stages, and a fervent exit environment have helped push valuations sky high. Our Q3 European VC Valuations Report breaks down the latest record-breaking quarter in venture capital, including data on valuations by sector, region, and investor type.

 
 

The Startup Funding Report

According to the Unconventional Ventures' new report featuring Invest Europe data, the funding gap remains largely the same even though capital deployed to mixed founding teams increased slightly. In 2020, all-women-founded startups raised just 0.7% of investment in the Nordics. 7.3% went to mixed-gender founding teams, while all-men founding teams raised 92%.

 
 

Eversheds Sutherland-KPMG Report – Climate Change and The People Factor

Eversheds Sutherland is pleased to share the second installment of Eversheds Sutherland’s climate change report produced jointly with KPMG “Climate Change and The People Factor: Why net zero needs the people factor to succeed”. In last year’s report, they explored the connection between companies’ climate change-readiness and their corporate value. In this report, they look at how corporates are adapting their people strategies – board preparedness, employee upskilling and community engagement, among other initiatives – to respond to climate risk.

 
 

Emerging Tech Research: Insurtech

The insurtech industry has many large incumbents, but the sector continues to remain fragmented due primarily to local regulations in several countries.

 
 

Moonfare raises $125M in Series C led by Insight Partners to accelerate global growth

New SECA Member Moonfare, the leading digital private equity investment platform for individual investors, announced today that it has raised $125 million in Series C funding, led by New York-based global private equity and venture capital firm Insight Partners. Moonfare will use the funding to continue to develop innovative investment solutions and accelerate its international expansion. The company has raised $185 million in funding to date.

 
 

European Venture Report

VC investment in Europe totaled €24 billion in Q3, the second-highest quarterly figure in history. What's more, the three largest quarters for European VC deal value have been the three completed quarters of 2021, as the continent’s venture ecosystem rewrites its record books. Our Q3 European Venture Report tracks the trends that are shaping an unprecedented year in VC, as the early pandemic-driven uncertainty has been replaced by investor confidence and promising growth.

 
 

Razor raises $125m at a $1Bn+ valuation

The stellar growth of our portfolio company Razor Group (Redalpine Capital IV & Redalpine Opportunity Fund) has been exceptional. The Berlin-based company successfully closed a $125 million Series B round in its latest equity funding round, which includes commitments from Fortress Investment Group, 468 Capital, Victory Park Capital, Presight Capital, Blackrock, Jebsen Capital, GFC, and Redalpine. In turn, this pushes the company past a $1 billion valuation – within just 14 months of operation.

 
 

EQT Ventures and EQT Growth to exit its holdings in Wolt, a leading food delivery platform operating across 23 countries

DoorDash is acquiring Wolt in an all-stock deal worth approximately EUR 7 billion; EQT Ventures and EQT Growth will exit their holdings in Wolt and receive DoorDash stock as part of the transaction.

 
 

Redalpine leads €4.2m Seed round of Collato – the platform to simplify creative workflow management

Redalpine is excited to announce its Seed investment in Berlin-based Collato (Redalpine Capital VI). Mangrove Capital and the (ex-)CEOs of Zalando have also participated in the €4.2m round.

 
 

Versics gewinnt CHF 150’000 für die Entwicklung des Datenverkehrs der Zukunft

Unsere Gesellschaft tauscht mehr Informationen aus als je zuvor, und wir stehen vor einer technologischen Bandbreitenlücke. Die Erhöhung der Bandbreite mit der bestehenden Technologie führt zu einem unhaltbaren Energiebedarf, komplexen Hardware-Anwendungen und hohen Betriebskosten. Der Venture-Kick-Gewinner Versics entwickelt modulare Glasfaserkomponenten für die nächste Generation von Hochgeschwindigkeits-Glasfasernetzen, die Internet- und Cloud-Service-Providern dienen. Das in Zürich ansässige Startup wird die CHF 150’000 nutzen, um seinen Markteintritt zu beschleunigen.

 
 

BAND Awards: Simone Brummelhuis, Netherlands, is "Europe's Female Angel Investor of the Year 2021"

The "Golden Aurora", the prize for the best female business angel in Europe, will be awarded this year to a Dutch woman from Amsterdam, Simone Brummelhuis. In addition to Brummelhuis, the European jury had three other nominees for the final selection from a total of 18: Gloria Bäuerlein, Germany, Berlin, the sisters Conny Hörl and Katja Ruhnke, Austria and Germany, as a tandem and Nina Portier Reinhart, Switzerland.

 
 

Swiss Venture Insights - October 2021

In October 2021, Swiss companies raise a total of CHF 261 million in equity investments. This was primarily driven by MindMaze's CHF 116 million growth round. This is further reflected in the charts with the canton of Vaud and the Medtech sector showing the most amount of funding in October. ONWARD Medical made its debut in the public markets by floating its shares on the Euronext exchange in Brussels, thereby raising CHF 93 million. We further counted seven Trade Sales and one SPAC for the month of October.

 
 

Signifikant closes financing round to fuel international growth

After numerous market successes in the recent months, such as customer wins and the strategic partnership with BearingPoint, Signifikant is now closing a financing round with Spicehaus Partners as lead investor. In addition, some of the existing investors have increased their financial commitment.

 
 

Ecoo secures CHF 1 million for its blochain-based loyalty programm

Zug based startup ecoo has signed a strategic investment agreement with several partners enabling the startup to raise over CHF 1 million for its series A financing round led by Eagle Venture Fund. The startup developed an app that provides cities, municipalities, businesses and economic regions simple, secure access to digital conditional payment systems.

 
 

Switzerland Innovation Tech4Impact: Six Projects Awarded CHF 85,000 Each

More than 50 project teams responded to the second call for proposals launched by Switzerland Innovation together with partners from the Swiss economy. The topics addressed by the award-winning projects range from efficient energy storage to biodegradable fast disposables and real time plant health measurement.

 
 

Swiss Startup Capital becomes Serpentine Ventures

The Swiss Startup Group AG (SSUG) is re-branding its investment arm into Serpentine Ventures. The company currently hosts 4 funds and has invested into 25 startups in the fields of Information and Communications Technology (ICT), high tech as well as healthtech companies on a selective basis.

 
 

mininavident AG receives an investment by Straumann Holding AG and enters into a broad development and world-wide distribution cooperation with Straum

mininavident AG today announced that the company has received an investment by Straumann Holding AG to further develop and market its DENACAM system. DENACAM is a miniaturized dynamic navigation system for dental implants which guides the physician in real-time and 3D to the correct positioning of the implant – all without the use of drill guides or freehand surgery, thereby enabling a fully digital workflow.

 
 

First companies benefit from Maximon's Longevity Co-Investment Fund

The newly launched CHF 100 million Fund finances longevity-focussed start-ups founded by Swiss company builder Maximon. The Fund’s first investments include Zug based companies AVEA and Biolytica.

 
 

EIF Venture Capital Survey 2021: Market sentiment

The EIF VC Survey, the EIF Private Equity Mid-Market Survey, and the EIF Business Angels Survey (the largest combined regular survey exercises among GPs and Business Angels on a pan-European level) provide an opportunity to retrieve unique market insights. This publication is based on the results of the 2021 EIF VC Survey. The paper focuses on the market sentiment and the impact of COVID-19. The study looks at the current situation, developments in the recent past and expectations for the future. The main results are summarised and compared over time. The publication provides a valuable picture of the developments and the market situation in 2021 as well as an outlook for the near future.

 
 
 
 

Private Equity – Swiss News

 
   

Partners Group to sell Pacific Bells

Private markets firm Partners Group, on behalf of its clients, is to sell Pacific Bells, a franchisee of the Taco Bell brand in the US, to Orangewood Partners, a long-term focused private investment firm. The terms of the transaction have not been disclosed.

 
 

Pureos Bioventures invests in Acrivon Therapeutics

Pureos is happy to announce a new investment of Pureos Bioventures in Acrivon Therapeutics Inc., a clinical-stage oncology therapeutics company with proprietary technologies driving a new era of precision-based medicine. They participated in an oversubscribed USD 100mn Series B round together with blue-chip investors Wellington Management, Surveyor Capital, RA Capital, Perceptive Advisors, HBM Healthcare Investments and additional co-investors. The financing will support the clinical development of its advanced Phase 2 lead asset prexasertib, a potent DNA Damage Response (DDR) inhibitor, in platinum-resistant ovarian cancer and other solid cancers.

 
 

Sika übernimmt MBCC Group

Sika hat eine verbindliche Vereinbarung zur Übernahme der MBCC Group, das ehemalige Bauchemiegeschäft der BASF-Gruppe (BASF Construction Chemicals), von einer Tochtergesellschaft des globalen Private-Equity-Unternehmens Lone Star Funds, unterzeichnet. Die Transaktion bewertet die MBCC Group mit CHF 5.5 Milliarden (EUR 5.2 Milliarden). Die MBCC Group ist ein weltweit führender Anbieter von bauchemischen Produkten und Lösungen. Die Übernahme wird Sikas Angebot in vier von fünf Kerntechnologien und sieben von acht Zielmärkten ergänzen und erweitern sowie die geografische Präsenz des Unternehmens stärken. Mit der Transaktion entsteht ein Schlüsselspieler für mehr Nachhaltigkeit.

 
 

Kalt Maschinenbau AG and staedler automation AG: two strong companies pool their strengths and embark on a shared future

The owners of Kalt Maschinenbau AG (“Kalt”) and staedler automation AG (“staedler”) have agreed to collaborate in future. Kalt, a leading international specialist in cheese, dairy and process technology, and staedler, a provider of industrial automation solutions, want to pool their strengths and show a united front to the market as a full-range provider in future, and thus accelerate the growth path achieved in past years. The previous owners of staedler, Lukas Städler and Thomas Fäh, will be shareholders of Kalt Group and strengthen the management team at group level.

 
 

HBM Healthcare Investments benefits from the IPO of portfolio company IO Biotech

IO Biotech (Nasdaq: IOBT), a so far privately held company in the HBM Healthcare Investments portfolio, issued 7.15 million new shares at a price of USD 14.00 per share in last Friday's IPO on the US Nasdaq, raising USD 100 million in new capital. On the first day of trading, the shares closed at USD 15.65 (+11.8%).

 
 

Capital Dynamics Clean Energy Infrastructure erhält auch 2021 von GRESB eine Auszeichnung als Sector Leader im Bereich Erneuerbare Energien

Capital Dynamics, ein unabhängiger globaler privater Vermögensverwalter, gab heute bekannt, dass sein Geschäftsbereich Clean Energy Infrastructure ("CEI") von GRESB, der führenden ESG-Benchmark für Immobilien- und Infrastrukturinvestitionen weltweit, in mehreren Kategorien die höchste Bewertung für ESG Leistungen erhalten hat. Capital Dynamics Clean Energy and Infrastructure III LP ("CEI III"), der in Projekte für Erneuerbare Energien in Europa investiert, erhielt ein 5-Sterne-Rating von GRESB und wurde als "Sector Leader" für den Sektor Erneuerbare Energien ausgezeichnet. Darüber hinaus belegte der Fonds den ersten Platz in den Kategorien Renewable Power, Renewable Power Europe und Renewable Power Private Equity.

 
 
 
 

Private Equity – Int. News

 
   

Join us in supporting the Europe-wide survey on Venture Capital and Private Equity 2022!

SECA is partnering with IPEM (the International Private Equity Market) for its 4th annual pan-European PE opinion survey to gauge the mood and outlook of European private equity fund manager for 2022. This survey is conducted with the support of 15 other national private equity associations across Europe (BVCA, France Invest, BVK, BVA, ASCRI, AIFI, FVCA, NVCA, DVCA, SVCA, …). This questionnaire is short and very easy to answer. The results of this unique survey will be released and commented at IPEM 2022, next February 1/2/3. Thank you very much for your time and your help.

 
 

Insight Partners amasses USD 20bn for latest mega-fund haul

The software specialist Insight Partners has raised at least USD 8bn more than its initial target for Fund XII, meaning the vehicle is already more than twice the size of its 2019-vintage predecessor.

 
 

Beteiligungskapital im Mittelstand: Stärkeres Umsatzwachstum bei Portfoliounternehmen

Einen Beitrag zu einem besseren Verständnis über das Wirken von Beteiligungskapital bei mittelständischen Unternehmen soll die vorliegende Studie leisten. Sie gibt basierend auf der akademischen Expertise und wissenschaftlichen Analysen des Instituts für Mittelstandsforschung (IfM) Bonn einen Einblick in die Entwicklung von Unternehmen, die mit Beteiligungskapital finanziert wurden, und vergleicht diese mit Unternehmen ohne Beteiligungskapitalfinanzierung.

 
 

CalPERS lifts its real asset allocation

California Public Employees Retirement System (CalPERS) has issued commitments worth USD 3.9bn in total to three of its infrastructure managers and plans to lift its real assets allocation in the next fiscal year from 13% to 15%. The USD 496bn pension fund disclosed in a meeting document that it has approved a USD 2bn commitment to the Tower Bridge Infrastructure Partners, a partnership formed in 2019 with a USD 777m portfolio value as of June 2020.

 
 

SEI acquires Novus Partners

SEI has acquired Novus Partners (Novus), a global portfolio intelligence platform company, designed to expand SEI’s capabilities for both the institutional investor and investment management markets.

 
 

CVC Fund VIII and HPS Investment Partners to acquire stakes in Authentic Brands Group

Authentic Brands Group, a global brand development, marketing and entertainment company, announces that funds advised by CVC Capital Partners and HPS Investment Partners have signed definitive agreements to purchase significant equity stakes in the company from certain current ABG shareholders. The transaction values the company at $12.7 billion in enterprise value.

 
 

US GP Insights Report 2021

There's no doubt that the fallout from last year’s pandemic-related volatility is continuing to impact the markets – but that doesn't always result in a negative outlook. This report, which features some of the winners in the Private Equity Wire US Awards, highlights how general partners (GPs) have adapted to a host of new challenges during what looks like being a record a year for private equity markets.

 
 

US Fund Services Insights Report 2021

Private equity service providers have had a busy year as they move to meet demand from fund management clients for new technology and increased services. This report, featuring some of the winners in the service provider categories at the Private Equity Wire US Awards 2021, details how service providers are responding to evolving client requirements in a host of areas including data provision, risk management, automation, cybersecurity, fund administration and talent management.

 
 

Advent International acquires leading specialty chemicals solutions provider Caldic from Goldman Sachs Asset Management

Advent International, one of the largest and most experienced global private equity investors, today announced that it has reached conditional agreement with Goldman Sachs Asset Management to acquire Caldic BV, a global premium provider of value-added life sciences and specialty chemicals solutions with the ambition to be a true partner to its customers and principals. Caldic will then merge with Advent portfolio company Grupo Transmerquim S.A., one of the leading chemical distributors in Latin America.

 
 

Business as (Un)usual

Almost 20 months since the onset of the pandemic, economic activity and the investment backdrop is anything but usual. Delta spread, shifting demand dynamics and logistical glitches have elongated and broadened issues on the supply side of the economy. Supply bottlenecks have contributed to growth downgrades and major upside inflation surprises. For now, global activity is expansionary, financial conditions are easy, the growth impulse from fiscal spending is still positive and the private sector is sitting on a mountain of excess savings – a highly unusual seat on the way out of a recession. But the backdrop is shifting. A withdrawal of Covid-era easy policies is raising questions about implications for the economy and financial assets – all the more so given asset valuations are at the higher end of their historical range. Overall, the near term environment has turned more challenging and we have moved to a more cautious investment stance.

 
 

DACH Private Capital Breakdown

Private market activity in Europe’s DACH region has matched the dramatic surge throughout Europe this year, with annual records reached in both private equity and venture capital by the end of the third quarter. PitchBook's 2021 DACH Private Capital Breakdown captures the biggest trends across PE and VC in a year like no other, including data on deals, exits and fundraising through Q3.

 
 

Investor KKR will Telecom Italia für elf Milliarden Euro übernehmen - TIM-Aktie haussiert

KKR biete 50,5 Eurocent je Anteil und wolle den Konzern letztlich von der Börse nehmen, teilte das italienische Unternehmen nach einer ausserordentlichen Vorstandssitzung in Rom mit. Das Kaufinteresse sei "nicht bindend und indikativ", betonte die frühere Telecom Italia.

 
 

Platinum Equity Acquires Global Environmental Services Business Urbaser from China Tianying for $4.2 Billion

Platinum Equity announced that it has completed the acquisition of Urbaser, one of the world’s largest providers of environmental services, from China Tianying Inc. for an enterprise value of approximately $4.2 billion (€3.5 billion).

 
 

Renaissance Announces Significant Growth Investment from Blackstone 

Renaissance®, a global leader in pre-K–12 educational technology, today announced its entry into a definitive agreement for private equity funds managed by Blackstone (NYSE:BX; “Blackstone”) to make a significant equity investment in the Company alongside existing investors including Francisco Partners and TPG’s The Rise Fund. Francisco Partners, a leading global investment firm that specializes in partnering with technology businesses, acquired the Company in 2018 and will remain a major shareholder. Blackstone’s investment will be made through its flagship private equity vehicle.

 
 

Vimeo to Acquire WIREWAX and Wibbitz, Further Expanding Its Video Software Solution for the Enterprise

Vimeo, the world's leading all-in-one video software solution, today announced agreements to acquire WIREWAX, a leader in interactive and shoppable video, and Wibbitz, a leading enterprise video creation suite. The two companies bring proprietary technology and products to Vimeo's all-in-one video solution, extending its position as the professional video software solution for any business.

 
 

Franklin Templeton to buy Lexington Partners for $1.75 bln as part of secondaries push

Franklin Templeton agreed to buy investment firm Lexington Partners, which is known for acquiring secondary stakes in private equity funds, for $1.75 billion in cash.

 
 

Hyatt completed the acquisition of Apple Leisure Group from KKR and KSL Capital for $2.7bn

Hyatt, a hospitality company, completed the acquisition of Apple Leisure Group, an American travel and hospitality conglomerate, from KKR and KSL Capital, a private equity firm specializing in travel and leisure enterprises, for $2.7bn.

 
 

EQT Infrastructure V holds final close 

The EQT Infrastructure V fund holds final close at EUR 15.7 billion in fee-generating assets under management, fortifying EQT’s position as one of the leading infrastructure investors globally. Strong demand from a well-diversified, global group of existing and new investors, with a 99 percent re-up rate from the predecessor fund based on committed capital and 68 percent based on the number of investors.

 
 

Technology Report 2021

This report was prepared by David Crawford, leader of Bain & Company’s Global Technology practice, and a team led by Dana Aulanier, practice director with the Technology practice.

 
 

Luxembourg Report 2021

In a challenging time for all aspects of financial services, Luxembourg - Europe’s largest fund domicile - is determined to leverage all emerging opportunities and mitigate any accompanying risks.

 
 
 
 

Corporate Finance

 
   

IPO-Newsletter Q3 2021

Im dritten Quartal 2021 schloss der SPI erstmals seit über einem Jahr mit einem Minus von 2.0% unter dem Schlusskurs des Vorquartals. Der SPI notierte per Ende September 2021 aber immer noch rund 12.9% höher als der letzte Stand des Jahres 2020. Nach einer Phase von ausgeprägtem wirtschaftlichen Aufschwung hat das Wachstum in letzter Zeit etwas an Dynamik eingebüsst. Die globale IPO-Aktivität blieb indes unverändert hoch: In Europa betrug das Emissionsvolumen bei über 115 Börsengängen rund EUR 14 Mrd. und in Nordamerika liessen über 210 Börsengänge das Emissionsvolumen im Jahr 2021 um EUR 45 Mrd. ansteigen.

Mit der von Sulzer abgespaltenen medmix kam es Ende des dritten Quartals zu einem weiteren Neuzugang an der SIX Swiss Exchange. Das kürzlich lancierte neue SIX Sparks Segment für KMUs dürfte die Rahmenbedingungen für Schweizer IPO-Kandidaten weiter verbessern und einen effizienten Zugang zum Kapitalmarkt sicherstellen. Angesichts des sich langsam schliessenden IPO-Fensters bleibt aber offen, ob es in diesem Jahr nebst dem IPO von Skan zu weiteren Neuzugängen an der Schweizer Börse kommen wird.

 
 

Kotierung und Handel von Special Purpose Acquisition Companies (SPACs) in der Schweiz nun möglich

Ab 6. Dezember 2021 können SPACs an der SIX Swiss Exchange kotiert und gehandelt werden. Die Genehmigung aller zuständigen Behörden wurde erteilt. Der neue Kotierungsstandard für SPACs ist auf die besonderen Eigenschaften dieser Vehikel zugeschnitten und weist gleichzeitig einen angemessenen Grad an Anlegerschutz auf.

 
 

Krisen- und ESG-Management bei Portfolio-Unternehmen

Corona und der damit verbundene wirtschaftliche Stillstand in vielen Branchen hat Mittelständler massiv gefordert – und die Folgen der Pandemie dauern an. Aber gerade Phasen mit disruptiver Dynamik bieten enorme Chancen für jene Investoren, die über Erfahrung in Sondersituationen verfügen und die damit verbundenen Herausforderungen meistern können. Dabei spielt es keine Rolle, ob es sich um eine epochale Krise, tiefgreifende Transformationen oder auch Umbrüche in der Regulierung – Stichwort: ESG – handelt. Dazu 3 Fragen an Dr. Holger Kleingarn, Managing Director und Head of Germany bei H.I.G. Capital.

 
 

Wineus advised Avobis GROUP AG as adviser on the acquisition of RIMAPLAN AG and Centerio AG

Avobis GROUP AG, a technology-based real estate service provider, has extended its service offering in the fields of real estate development and commercial property management by acquiring RIMAPLAN AG and Centerio AG.

 
 

Philippe A. Naegeli zu AMC-Plattformen

GenTwo errichtet (AMC-)Verbriefungsplattformen für Banken, Asset Manager, Family Offices oder auch Venture-Capital-Investoren. Die nutzen sie als moderne Emissionslösung, um Anlageprodukte mit Schweizer ISIN auf jegliche Art von Vermögenswerten im Markt zu lancieren. Das Ganze funktioniert ausserbilanziell ohne die Einbindung einer emittierenden Bank. Mehr dazu im nachfolgenden Interview.

 
 

Responsible Investment Brand Index 2021™ 

Schweizer Asset Manager müssen ihre Rolle beim Aufbau einer sichereren und gerechteren Zukunft betonen. Der Hirschel & Kramer Responsible Investment Brand Index (RIBI™) bewertet die Vermögensverwaltungs- Branche nach ihrer Fähigkeit, ihr Engagement für eine nachhaltige Entwicklung in den Markenkern der einzelnen Vermögensverwalter zu übertragen, und bietet damit einzigartige Einblicke in die Branche.

 
 
 
 

Mergers & Acquisitions

 
   

Accor kauft sich im Lifestyle ein

Ennismore mit 25hours und Mama Shelter gehört jetzt mehrheitlich dem französischen Hotelkonzern. Der französische Hotelkonzern Accor und das britische Hospitality-Unternehmen Ennismore haben ihre angekündigte Fusion vollzogen. Die neu formierte Lifestyle-Einheit wird weiterhin Ennismore heissen und soll das grösste und am schnellsten wachsende Hospitality-Unternehmen dieser Art werden, teilen die Unternehmen mit.

 
 
 
 

Management Buyout

 
   

Nachfolgepartner beteiligt sich an Chromedia

Gemeinsam mit dem Management und Mitgesellschaftern wird «Nachfolgepartner» (Alex Brennwald & Fabian Gerschwiler) die Firma Chromedia in den nächsten Wachstumsschritten begleiten. Chromedia ist eine international tätige B2B- und B2C-Agentur und fokussiert auf Digital-, Dialogmarketing und CRM.

 
 
 
 

Book of the Week

 
   

Nachhaltige Anlagen: Erste Fonds gehen mit Klimastrategien an den Start

Die Vermögen nachhaltiger Publikumsfonds haben sich in der Schweiz über die letzten zwölf Monate mehr als verdoppelt. 775 Milliarden Franken sind 2021 in solche Anlagen investiert. Einige dieser Fonds nutzen neuerdings auch Klimastrategien. Strategien zur Steuerung von Klimarisiken sind höchst anspruchsvoll und stellen für Fondsanbieter Neuland dar, das zeigt die neueste Sustainable-Investments-Studie der Hochschule Luzern.

 
 

EIZ Publishing: Jahrbuch Wirtschaftsrecht | Innovation und Disruption

Der vorliegende 16. Band der Jahrbuchreihe „Wirtschaftsrecht Schweiz – EU“ dokumentiert die aktuellen Entwicklungen in zentralen Bereichen des EU-Wirtschaftsrechts. Berücksichtigt werden insbesondere die Gebiete Kapitalmarktrecht, Immaterialgüterrecht, Arbeitsrecht, Steuerrecht und Wettbewerbsrecht. Experten diskutieren jeweils die Relevanz für die Schweiz sowie die korrespondierenden Entwicklungen im schweizerischen Recht. Das Jahrbuch richtet sich vor allem an Unternehmens-, Wirtschafts- und Verwaltungsjuristen sowie an Richter und Rechtsanwälte und bietet ihnen einen kompakten Überblick über die wichtigsten Gesetzgebungsvorstösse, neue Rechtsakte und ergangene Urteile im vergangenen Jahr 2020.

 
 
 
 

Jobs

 
   

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

 
   

Upcoming SECA Events - save the date

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

 
 

CPEA - Certified Private Equity Analys

In Zusammenarbeit mit dem Bundesverband Deutscher Kapital-beteiligungsgesellschaften (BVK) führt die TUM School of Management die Weiterbildung zum Certified Private Equity Analyst CPEA durch. Durch hochrangige Dozenten aus Wissenschaft und Wirtschaft bietet dieses zertifizierte Programm eine fundierte Ausbildung auf höchstem akademischen Niveau – mit maximalem Bezug zur unternehmerischen Praxis.

 
 

Deutsches Eigenkapitalforum

22 – 24 November 2021, online

Since 1996, the Deutsches Eigenkapitalforum has established itself as Europe's largest capital market conference and has become a well-known name among industry experts. About 2,000 participants from a broad and international financial audience are expected. On three days, more than 200 companies from all sectors will present themselves to institutional investors and analysts. Both parties use this opportunity to enter into an active dialogue with each other, getting into more details in personal 1-on-1 meetings. The company presentations and 1-on-1 meetings will be accompanied by an interesting forum programme on current capital market topics.

 
 

Investor Summit Liechtenstein 2021

30. November 2021, Schaan, Liechtenstein

Der Investor Summit Liechtenstein vernetzt seit über zehn Jahren Investoren und Entscheidungsträger mit innovativen Startups und Wachstumsunternehmen.

 
 

NOAH Conference 2021

6 & 7 Dezember 2021, The Circle Convention Centre, Zurich

NOAH Conference aims to be a digital and physical collaboration platform for over 67 stakeholder groups to bring sustainable and measurable impact to the World. The fully hybrid event will continue the 12 year long journey of NOAH to connect the smart capital with the most exciting startups.

  • You can take a closer look at the 2 days program here.
  • Further information and registration here.
 
 

IPEM 2022

1-3 February 2022, Palais des Festivals de Cannes, France

In only 6 years, IPEM has become the benchmark of Private Capital events. Its unique and surprising “PE meets tradeshow” format has won its fame for being a dynamic, easy and effective business congress. IPEM has grown to an international event of 3,200 top-quality participants, while keeping the heart and soul of an intimate and relaxed gathering of all private markets.
Join the Private Capital ecosystem in Cannes and discover why IPEM is so much MORE than a conference.

As IPEM partner, SECA members receive a special discount::
1,774€ (save 416€) from October 16th to December 17th included

 
 

Fachkurs Sustainable Finance

ab 31. März 2022, Hochschule Luzern - Wirtschaft, IFZ, Rotkreuz

Im kompakten und praxisorientierten Fachkurs erlangen Sie ein fundiertes Grundwissen zum Thema Sustainable Finance in der Schweiz und bauen Ihre Fachkompetenzen im Bereich Nachhaltigkeit aus.

 
 
 
 

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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