eNewsletter no. 544

02 November 2023
   

Toolbox

  Print Newsletter
  Send Newsletter to a Friend
  Download as PDF
 

Dear Reader

The annual Performance of European Private Equity report showcases the returns private equity and venture capital delivers to investors:
 
ūüĒł Buyout funds: 15.17% net IRR since inception
ūüĒł Growth funds: 15.34%
ūüĒł Venture funds: 12.13%

In the euro zone, inflation fell to its lowest level in more than two years at 2.9%. A year ago, the inflation rate was still a horrendous 10.6 %. This reinforces our view that we will see up to three to four key rate cuts in the next twelve months. The main job is done, now it's a matter of fine-tuning.

A similar situation can be observed in the United States of America. On both sides of the Atlantic, central banks are stressing that it would be "absolutely premature" to think about key rate cuts. The restrictive monetary policy is gradually taking full effect, and indeed it is important not to let up too soon.

But the sharp drop in inflation naturally raises expectations of key rate cuts, which are usually anticipated on the capital market. The market likes this discussion. After all, falling inflation rates, lower interest rates and capital market returns are ultimately the key to higher economic growth again in the future. They are also the drivers in the (levered) M&A business and are reviving private markets. All investors in real assets benefit from this. I truly believe we are in the midst of a fundamental improvement in the framework conditions for venture capital, private equity, IPOs, and so on.

Happy Weekend!
Maurice Pedergnana

 
 
 

SECA

 
   

SECA Event: Quo vadis – Venture Capital

Montag, 13. November 2023, Auditorium der VP Bank AG, Triesen/FL

Wir laden Sie zu einem Abend ein, an dem f√ľhrende VC-Experten √ľber den aktuellen Einsatz und die Beschaffung von Kapital in dieser Anlageklasse diskutieren und einen Ausblick auf die aktuellen Bewertungen, Chancen und Trends geben werden.

 
 

11. SECA Private Equity Workshop

17. & 18. November 2023, Lenz & Staehelin, Z√ľrich

Wir zeigen auf, was Private Equity und Private Markets im Unterschied zu anderen Assetklassen ist, welche M√§rkte es gibt, wie Private Equity und Private Markets funktionieren, welches die wichtigsten Marktplayer und deren Gesch√§ftsmodelle sind, wie Private Equity und Private Markets reguliert sind, welche Gr√ľnde f√ľr Private Equity und Private Markets sprechen, wie ein Investor investieren kann und was die Erfolgsfaktoren f√ľr Investments sind. Neben diesen Themen d√ľrfen Erfolgsgeschichten aus der j√ľngsten Vergangenheit nicht fehlen. Zur Verkn√ľpfung von Theorie und Praxis gestalten namhafte Referenten von f√ľhrenden Unternehmen und Investoren der Private Markets-Industrie den Workshop mit.

 
 

Get Together - SECA Ticino

Thursday, 23 November 2023, Lugano

On behalf of SECA Ticino, we would like to invite you to an Autumn networking event. Take this opportunity to connect with people from the industry while enjoying drinks, food, and music.

 
 

SECA Event: Bedeutung von Nachhaltigkeit (ESG) bei PE-Akquisitionen & Akquisitionsfinanzierungen

Montag, 27. November 2023, Z√ľrcher Kantonalbank, Atrium, Z√ľrich

Der Megatrend Nachhaltigkeit hat l√§ngst auch die M&A- und Bankenwelt erreicht und ist sowohl bei Akquisitionen wie auch im Finanzierungsgesch√§ft von zunehmender Bedeutung. Wie wird Nachhaltigkeit im Rahmen von Due Diligence-Berichten beleuchtet? Wie gehen Private Equity-Firmen damit um? Welche Chancen und Risiken ergeben sich f√ľr Banken? Florian Bornhauser, Philippe Bucher und Fabio Caduff berichten aus ihrer Praxis und werden solche Fragen in einer Panel-Diskussion er√∂rtern.

 
 

SECA Private Equity Online Training Sessions

various dates - January to June 2024, half day, online

The Swiss Private Equity and Corporate Finance Association (SECA) offers a series of training sessions for professionals interested in private equity to grow their competencies.

 
 
 
 

Venture Capital

 
   

Survey - State of Gender Diversity in European Venture

Calling all venture capital and LP investors, and emerging fund managers! Please complete this survey; it only takes 3 minutes. SECA is a proud partner of the State of Gender Diversity in European Venture initiative led by Female Foundry. This survey will provide invaluable information for everyone at SECA, and your perspective is vital in mapping out the current state of European venture.

 
 

New Invest Europe and EIF report maps European VC ecosystem and tracks gender diversity in greater detail than ever

Invest Europe, the association representing Europe’s private equity, venture capital and infrastructure sectors, as well as their investors, today published The VC factor: Gender lens edition, the latest report in a continued collaboration with the European Investment Fund, mapping the VC landscape in Europe and tracking the participation of women at VC funds and start-ups.

 
 

PUREOS leads financial round of CHF 25 Million Series C in Memo Therapeutics

Pureos is happy to announce the first investment of Pureos Bioventures 2. Pureos led the CHF 25mn Series C financing in Memo Therapeutics, Schlieren (CH) to support the further clinical development of its lead asset AntiBKV - an antibody targeting BK virus, which leads to organ failure and graft loss in kidney transplant recipients. In the United States around 5000 patients are currently diagnosed with BK viremia every year and peak sales are projected to reach up to $1.6 billion by 2032 upon successful approval of the therapy. AntiBKV is currently being assessed in a phase 2 clinical trial and Pureos anticipate preliminary readouts of the trial in the second half of 2024.

 
 

b2venture Newsletter | October 2023

We recommend to have a look at the b2venture Newsletter from October.

 
 

Watch an interview with Thomas D√ľbendorfer on Innovation Zurich

SICTIC President Thomas D√ľbendorfer shares his experience on becoming an angel investor and what startups need for success. (Less than 2 min in Swiss German with English subtitles).

 
 

Venture Leaders Mobile

Venture Leaders Mobile goes in its 6th round! If you are ready to conquer global markets and want to meet with mobile industry leaders and investors from around the world, then this program is made for you. Until November 20, 2023, startups can apply for one of the 10 coveted spots. The program is free of charge (worth about CHF 10,000) and is organized by Venturelab and supported by Huawei, Swisscom, and VISCHER.

 
 

Palto Therapeutics gewinnt CHF 150'000 f√ľr RNA-basierte Krebstherapie-Revolution

Auf der Suche nach effektiven M√∂glichkeiten, therapeutisch wertvolle Molek√ľle in erkrankten Zellen gezielt anzusprechen, revolutioniert Palto Therapeutics die Behandlung von Krebs und dar√ľber hinaus, und das alles unter Ber√ľcksichtigung von Kosten und toxischen Bedenken. Das Startup wurde von Venture Kick mit CHF 150'000 ausgezeichnet und hat die dritte Stufe des Programms gewonnen.

 
 

PitchBook Analyst Note: Global VC Ecosystem Rankings

The US and Asia account for the majority of the world’s most developed VC ecosystems, with San Francisco in pole position, according to PitchBook’s new Global VC Ecosystem Rankings.

 
 

Venture Kick: 1'000 Startup-Projekte unterst√ľtzt

Venture Kick hat in den letzten 16 Jahren 1'000 Schweizer Startup-Projekte nicht nur mit CHF 50.3 Mio. sondern auch mit ihrer langj√§hrigen Expertise beim Wachstum unterst√ľtzt. Bei den Startups handelt es sich um Spin-offs von Schweizer Universit√§ten.

 
 

Pureos portfolio company MinervaX raises EUR 54M in upsized financing

MinervaX ApS, a privately held Danish biotechnology company developing a novel, prophylactic vaccine against Group B Streptococcus (GBS), has today announced the completion of a EUR 54 million upsized financing. The financing includes investment from new investors EQT Life Sciences and OrbiMed, with participation from existing investors Novo Holdings, Pureos Ventures, Sanofi Ventures, Trill Impact Ventures, Adjuvant Capital, Wellington Partners, Industrifonden, Sunstone LifeScience Ventures, and LF Invest. Vincent Brichard of EQT Life Sciences and Tal Zaks of OrbiMed will join the MinervaX Board of Directors.

 
 

EIF Working Paper 2023/93, EIF Venture Capital Survey 2023 : Market sentiment, scale-up financing and human capital

The EIF VC Survey and the EIF Private Equity Mid-Market Survey (the largest combined regular survey exercises among General Partners on a pan-European level) provide an opportunity to retrieve unique market insights.

 
 

Why Switzerland Thinks It Can Be Europe’s Tech Start-Up Capital

Could Switzerland play host to a European equivalent of Silicon Valley? While London, Berlin and even Paris are typically thought of as Europe’s hubs for start-ups in the technology space, activity in the Swiss cities of Zurich and Lausanne has been accelerating fast in recent years. Big tech and venture capital are taking note, making significant investments in the country.

 
 

Venturelab präsentiert das Swiss National Fintech Team 2023: 10 Startups auf dem Weg zur London Roadshow

Venturelab ist stolz, die sechste Ausgabe der Venture Leaders Fintech Roadshow anzuk√ľndigen, bei der zehn ehrgeizige Schweizer Fintech-Startups vorgestellt werden, die bereit sind, ihr Wachstum auf internationaler Ebene zu beschleunigen. Die ausgew√§hlten Startups werden sich in einer virtuellen Auftaktveranstaltung am 2. November 2023 der √Ėffentlichkeit vorstellen. Ihre Venture Leaders Erfahrung beginnt am 4. Dezember und endet am 8. Dezember mit einer Investoren- und Gesch√§ftsentwicklungs-Roadshow in London.

 
 

Patentrechte erh√∂hen Investitionschancen f√ľr Start-ups

Start-ups mit Patent- und Markenrechten haben besonders gute Chancen, Kapital zu erhalten. Dies geht aus einer Studie des Europ√§ischen Patentamts und des Amts der Europ√§ischen Union f√ľr geistiges Eigentum hervor. Demnach haben solche jungen Unternehmen eine rund zehnmal h√∂here Chance, Investitionen zu erhalten. Dies gelte insbesondere f√ľr Start-ups in forschungsintensiven Branchen wie der Biotechnologie und den Natur- und Ingenieurwissenschaften. In Europa haben 29 % der jungen Unternehmen Schutzrechte angemeldet, wobei Deutschland und √Ėsterreich mit jeweils 40 % knapp hinter den Spitzenreitern Finnland und Frankreich liegen, wo 42 % der Start-ups Patent- oder Markenrechte besitzen.

 
 

Redstone Launches Quantum Technology Venture Capital Fund to Drive Quantum Revolution

Redstone, one of the most active European early-stage investors renowned for its data-driven investment approach and sector-specific strategies, is thrilled to announce the launch of a new CHF 50 million venture capital fund dedicated to advancing the field of quantum technology. This exciting initiative is poised to propel the development and commercialization of pioneering quantum technologies, positioning Redstone as a leader in Europe's quantum revolution.

 
 

Mediahuis invests in Swiss recruitment technology company CareerFairy

ETH Zurich spinoff CareerFairy AG has completed a new investment round, securing funds from leading European media group Mediahuis Marketplaces. Mediahuis is the lead investor in this funding round and is joined by existing investors Swiss Post Ventures, Backbone Ventures, as well as business angels from SICITIC, Start Angels and Business Angels Switzerland. The new funding will help accelerate CareerFairy's international expansion, in parallel with developing new features.

 
 

Neuer Film von Innosuisse 

Der neue Präsentationsfilm von Innosuisse ist da. Innovation ist kein Zufall, sondern das Ergebnis der richtigen Zutaten. Mit dieser visuellen Reise möchten wir Ihnen neue Innovationsmöglichkeiten vorstellen. Sehen Sie sich den Film an, folgen Sie Ihrem Innovationsgeist und lassen Sie sich inspirieren!

 
 
 
 

Impact Investing - Swiss News

 
   

Einstieg ins Impact Investing: Sie fragen, wir antworten Wissen Sie, was beim Impact Investing sogenannte «Enabler» sind? Und was der Unterschied zwi

Wissen Sie, was beim Impact Investing sogenannte «Enabler» sind? Und was der Unterschied zwischen Impact und ESG ist? Pascal Dudle und Marco Lenfers von Vontobel treffen sich regelm√§ssig mit erfahrenen Anlegern, die ins Impact Investing einsteigen m√∂chten. Nachfolgend beantworten sie die h√§ufigsten Fragen professioneller und institutioneller Anleger, die mittels Impact Investing eine bessere Zukunft mitgestalten m√∂chten.

 
 

New Impact Investing Survey by Bank Vontobel 

The 2023 Impact Investing Survey by asset manager Vontobel, has found that 71% of institutional and professional investors globally are planning to increase their allocations to impact investing solutions in public markets and 70% in private markets over the next three years. The feedback from the 81 institutional investors (mainly pension funds, insurance companies and family offices) showed that investors pursue impact investing mainly through investments in listed equites (67%&), PE & VC (49%), infrastructure investments (39%) as well as listed and private debt (31% and 21%) as well as real estate (26%). Worth reading!

 
 

Studie „Sustainability Gap 2023» der Basler Kantonalbank 

Die Studie zeigt einen unver√§ndert grossen Aufholbedarf auf dem Weg zu nachhaltiger Entwicklung f√ľr KMUs. Lesenswert auch f√ľr Startups.

 
 

Energie-Startup LEDCity gewinnt den diesj√§hrigen «Green Business Award» 

Im Rahmen des Sustainable Switzerland Forum am 12. und 13. September 2023 in Bern wurde der wichtigste Nachhaltigkeitspreis der Schweizer Wirtschaft verliehen. Jurypr√§sidentin und alt Bundesr√§tin Doris Leuthard zum Entscheid: «Die L√∂sung von LEDCity hat uns √ľberzeugt, da sie zeigt, wie wir mit Technologie und K√ľnstlicher Intelligenz die Herausforderungen in der Energiebranche angehen k√∂nnen.» 
LEDCity konnte im M√§rz 2021 einen Finanzierungsrunde von CHF 2 Mio. mit dem Business Angel Netzwerk SITIC abschliessen zus√§tzlich unterst√ľtzt durch eine B√ľrgschaft durch den Technologiefonds des Bundesamts f√ľr Umwel. In 2023 erhielt die Firma weitere CHF 2.6 Mio. in 2023 von Credit Suisse und den Technololgiefonds. “With our user-friendly, efficient and smart products, we bring inspiration and innovation to the real estate sector and reduce the energy consumption of lighting by 80 percent compared to the year.”

 
 

IRF Studie: Zunehmende Standardisierung der Nachhaltigkeitsberichterstattung grosser Schweizer Unternehmen 

Laut einer Studie von IRF, einem f√ľhrenden Schweizer Beratungsunternehmen f√ľr strategische Kommunikation, finden freiwillige Nachhaltigkeitsstandards und -leitlinien in den letzten zwei Jahren zunehmend Anwendung in der Nachhaltigkeitsberichterstattung der gr√∂ssten kotierten Unternehmen der Schweiz. Besonders weit verbreitet sind die international anerkannten Standards der Global Reporting Initiative (GRI), des UN Global Compact (UNGC) und des Carbon Disclosure Project (CDP). Aber auch die 17 Sustainable Development Goals (SDGs) der Vereinten Nationen werden von den meisten Unternehmen als Orientierung genutzt.
 

 
 
 
 

Impact Investing - Int. News

 
   

KfW Capital startet mit „Emerging Manager Facility“

Die KfW Capital bietet mit der „Emerging Manager Facility“ (EMF) ab sofort ein Programm an, mit dem KfW Capital in kleinere private VC-Fonds, die von Frauen oder geschlechtervielf√§ltig aufgestellten Teams gemanagt werden, investieren wird. Es handelt sich dabei oft um sehr junge Teams, die erstmals in den VC-Markt eintreten („Emerging Manager“). Die VC-Fonds k√∂nnen √ľber die EMF maximal 12,5 Mio. EUR und maximal 25% des Fondsvolumens von KfW Capital erhalten.

 
 

Alternative Investments Research Series: 2023 LP Survey

The Dynamo Frontline Insight Report: Analyzing Trends, Identifying Challenges, and Harnessing Insights from Leading LPs & Asset Allocators. Surveying more than 100 LPs and asset allocators throughout July and August 2023, these latest findings provide a holistic view of what’s top of mind for global investors.

 
 

BlueEarth closes dedicated credit impact fund above target, surpassing total AuM of $1 billion

Blue Earth Capital is proud to announce the successful closing of its dedicated credit impact fund, BlueEarth Credit Strategies II, which closed above target at $108.5 million. This achievement also marks a significant milestone for the company, which has now surpassed a total of $1 billion in Assets under Management (AuM).

 
 

IPEM | Allocation and fundraising Trend report 2024

What to expect in the Trend Report:

  • LP Insights: Gain exclusive insights into what LPs seek in today’s dynamic market.
  • Market Opportunities: Discover hidden opportunities in market imbalance.
  • Stand Out: Learn how to craft an irresistible value proposition.
 
 

InvestEU – EUR Billions for Sustainability and Job Creation 

InvestEU is a major financing support program of the EU with the goal to support sustainable investment, innovation and job creation in Europe with a target of over EUR 100 billion. The InvestEU fund has signed agreements with several implementation partners in various countries (see here). The program offers also advisory and networking support. We seek to provide the readers with more in-depth information about this major EU initiative in the coming months.

 
 

Investment into EU cleantech defies global headwinds (from Cleantech for Europe) 

European cleantech investment defied global headwinds for venture capital (VC), growing stronger than in North America, while cleantech investment in Asia Pacific fell. The number of deals closed in Q2 23 fell slightly from 172 to 165. Late-stage deals volume stayed flat (from 35 to 36) whereas early-stage deal volume declined from 137 to 129.

 
 

Private Equity – Preferred Asset Class for Impact Investing (new report from Persons for Purpose)

Pensions for Purpose, a network of UK pension funds published a survey among its members about impact investing.  
Good news for impact funds: “Sixty per cent of interviewees said private equity is their preferred asset class for impact, with a further 20% pointing to private markets more generally. A few pension funds also mentioned that, when impact investing, they are targeting an earlier stage of private equity (usually growth capital) than with their generalist private equity portfolios, because this allows for higher levels of impact.”

 
 

European Woman in VC Report 2023 

The new report shows that “The Presence of Women in VC Senior Management Teams is Correlated with Higher Fund Returns”. The report highlights the positive financial and societal impact of diverse investment teams in the growth and venture space.

 
 

Peer-to-peer impact comparability remains a challenge, GIIN report 

Only a small proportion of impact investors (15%) compare their impact results to their peers and yet, 76% consider the inability to compare impact to peers a significant or moderate challenge in the industry according to findings from the impact measurement and management practice report published by the Global Impact Investing Network (GIIN).

 
 

FTSE Russel Report: “Investing in the green economy 2023 - Entering the next phase of growth” 

An interesting report focused on public companies in the “green economy” (and their stock performance).

 
 

Bloomberg Climate-tech US investment radar: 2Q 2023 

The second quarter of 2023 saw the lowestUS  climate-tech VC/PE funding deployed since 1Q 2021, the quarter Bloomberg started tracking this data. Fundraising was down across all sectors except for low-carbon buildings. Low-carbon transport had the biggest drop in funding due to the absence of large nine-figure deals for automakers. 
Some 34 new VC/PE funds with a climate-tech focus closed in 2Q 2023, amounting to $7 billion in new dry powder.

 
 

HSBC plans $1bn climate tech funding push 

HSBC announced that it plans to make available $1bn of financing to early-stage climate tech companies around the world. 
The financing is expected to support start-ups to create a range of new solutions, including EV charging, battery storage, sustainable food and agriculture, and carbon removal technologies. 

 
 

Invest Europe CLIMATE CHANGE COURSES On-demand E-learning Series 

Invest Europe has introduced a set of 3 on-demand e-learning courses for the various stages of implementation of climate change considerations, now available on the Invest Europe Learning Hub.

 
 

Leitfaden f√ľr Impact Investing

Dieser DVFA-Leitfaden baut auf umfangreichen praxisnahen Vorarbeiten (siehe bspw. GIIN, G7 Impact, Bundesinitiative Impact Investing) und einer breiten akademischen Forschung der letzten Jahre auf. Zudem wird der f√ľr Investoren in der EU wichtige regulatorische Rahmen vor dem Hintergrund der Empfehlungen dieses Leitfadens reflektiert.

 
 
 
 

Private Equity – Swiss News

 
   

Nearly 1.6 billion Euros: Bregal Unternehmerkapital Announces Sale of EA Elektro-Automatik to Fortive

Bregal Unternehmerkapital (“BU”), a leading investment firm in the DACH region and Northern Italy, today announced the sale of EA Elektro-Automatik Holding GmbH (“EA” or the “Company”), a leading provider of electronic test and measurement devices, to US-based Fortive Corporation (“Fortive”) (NYSE: FTV) for an Enterprise Value of €1,585 Million. The acquisition is subject to customary closing conditions and regulatory approvals and is expected to close in early first quarter of 2024.

 
 

Private Equity: Akquisition von Terra Gartenbau durch B+G Schweiz

B+G Schweiz AG, das von Patrimonium Private Equity und EGS Beteiligungen AG gehaltene Portfoliounternehmen der Schweizer Gartenbaubranche, meldet die Akquisition von TERRA Gartenbau AG, ein etabliertes Unternehmen im Bereich Landschafts- und Gartenbau mit Sitz in Gossau / ZH. Im Rahmen der nationalen Wachstumsstrategie der B+G Gruppe, erm√∂glicht die Akquisition den Markteintritt in den Regionen Z√ľrcher Oberland und Ostschweiz.

 
 
 
 

Private Equity – Int. News

 
   

Capital Dynamics Acquires 37.2MW Strathrory Wind Project in Scotland

We are pleased to share that Capital Dynamics acquired a 100 percent equity stake in the Strathrory Project from Energiekontor AG, one of Europe’s leading renewable energy project developers. Strathrory represents another successful acquisition from this partnership, which has resulted in over 150MW of onshore wind projects acquired to date.

 
 

Private Equity Salary Guide

A job in the private equity sector can be challenging, rewarding, and lucrative. Employees manage portfolios of PE investments and monitor their performance to ensure that they meet their intended goals.

 
 

Chart | Visualizing the R&D Investment of the 10 Biggest Nasdaq Companies 

Each year, companies spend billions on innovation. Here's how much the top 10 Nasdaq companies by market cap allocate to R&D investment.

 
 

Global Fund Banking Outlook Report Q3 2023

A recent SVB survey of private equity and venture capital firm leaders demonstrates how firms are riding out current market headwinds and what they expect for the near future.

 
 

October wrap-up: One month in global markets 

Our latest Global Markets Snapshot breaks down a month of trends in the equity, debt, and commodities markets, tracking returns across a range of indexes and sectors. It also features private market activity, including major deals, fundraising, IPO performance, lending volume, and unicorn creation. For October, we look at how the challenging exit environment has hit returns to LPs.

 
 
 
 

Corporate Finance

 
   

IPO-Newsletter Q3 2023

Im dritten Quartal des Jahres 2023 kam der Schweizer Aktienmarkt unter anderem aufgrund schlechterer Konjunkturdaten verschiedener L√§nder, steigender Langfristzinsen und der Krise am chinesischen Immobilienmarkt unter Druck und b√ľsste im Vergleich zum Vorquartal 3.3% ein. Ein √§hnliches Bild zeigt sich auch auf den internationalen Aktienm√§rkten. An der Schweizer B√∂rse kam es im Q3 2023 zu einem weiteren Neuzugang durch die Ausgabe von Global Depository Receipts (GDRs), ein "echtes" IPO konnte nicht verzeichnet werden. Kurz nach dem Ende des dritten Quartals wurde Sandoz von Novartis abgespalten und kam mittels Spin-off an die SIX Swiss Exchange. Sowohl in Europa wie auch in Nordamerika konnten im Q3 2023 gr√∂ssere B√∂rseng√§nge registriert werden. Bei √ľber 80 B√∂rseng√§ngen betrug das Emissionsvolumen total rund EUR 14 Mrd. Insgesamt blieb die IPO-Aktivit√§t jedoch auf einem verhaltenen Niveau.

 
 

Market Essentials Newsletter Q2 2023

Our Q2 2023 edition of the EY Valuation Market Essentials publication with relevant market data for Switzerland, incl. analyses for the banking and insurance industry gives an overview of market multiples and cost of capital components per sector and includes also relevant macro-economic data used in business and other valuations such as impairment tests or purchase price allocations.

 
 
 
 

Mergers & Acquisitions

 
   

Deal Flow Predictor for Q4 2023

The SS&C Intralinks Deal Flow Predictor for 2024 features our proprietary, data-driven mergers and acquisitions (M&A) market predictions for the next six months — by region, sector and deal type.

 
 
 
 

Management Buyout

 
   

Syz with a majority stake in Capture Media

Syz Capital has taken a majority stake in Zurich-based Capture Media, the fastest-growing Engagement Advertising Provider in Switzerland, according to rumors.
The strategy will focus to further accelerate product innovation, expand geographic reach and develop M&A opportunities, a person familiar with the transaction said. Operating partners Joscha Boehm and Philipp Schweizer will take a board seat together with Marc Syz, and lead the M&A strategy. While the founders of the business, Sandro Albin, Michel Lazecki and Franz d’Huc, are reinvesting and retaining a significant minority share. They will continue to operate as company directors and will be joined by a new CFO and COO.

 
 

Gr√ľnder Peter Gschwend und L-GAM erwerben zusammen die Beteilung von Afinum an der COTTA Collction AG.

Hier kam es zu einem MBO begleitet von ZETRA.

 
 
 
 

Book of the Week

 
   

Timo Klein: „Investieren mit KI“ 

K√∂nnte man k√ľnstliche Intelligenzen wie ChatGPT oder Google Bard nicht nutzen, um Gewinne durch Aktien und ETFs zu maximieren und Verluste zu minimieren? Allerdings, wie gut kann eine KI tats√§chlich beraten? Wie viel Verlass ist auf ihre Aussagen? Und vor allem: Welche Fragen muss ich stellen, damit ich die „richtigen“ Antworten bekomme? Timo Klein ist ein sehr sympathischer und kluger Autor, der sich schon lange mit den verschiedenen Anwendungsm√∂glichkeiten der KI befasst, weit √ľber das Thema „Investieren mit KI“ hinaus. Mit ihm ist ein anregender Dialog m√∂glich, der beleuchtet, wie K√ľnstliche Intelligenz sich kontinuierlich neue Themenfelder erschlie√üt – darunter auch solche, die einen erheblichen Einfluss (oder gar eine Bedrohung?) f√ľr meine finanzielle Existenz darstellen.

 
 
 
 

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

More information in due time or on www.seca.ch.

 
 

invest.austria conference

Tuesday, 7 November 2023, Vienna

Austria’s leading event for Angelinvesting, Venture Capital & Private Equity returns for its 3rd edition on November 7, 2023. Over 400 investors, ecosystem representatives and industry experts will meet at Apothekertrakt Sch√∂nbrunn Vienna to gain new insights, exchange their knowledge and make new connections.

 
 

SuperInvestor

14 - 17 November 2023, Zurich

The latest on fundraising, secondaries, LP allocations, co-invests and more. Network with 1,800+ decision-makers including 550+ LPs and 900+ GPs.

SuperInvestor has a new, bigger and better home for 2023 – the Hyatt Regency Zurich Airport The Circle. Enjoy more networking space, more private rooms for one-to-one meetings and the chance to network with a record number of attendees at SuperInvestor. Mix with even more LPs and GPs from the Swiss ecosystem, as well as from the rest of Europe, USA and beyond. SECA Members benefit from 10% Discaount.

 
 

Investor Summit Liechtenstein

21. November 2023, SAL, Saal am Lindenplatz in Schaan

Der Investor Summit Liechtenstein vernetzt Start-ups und KMU auf Kapitalsuche mit hochkarätigen Investoren und Entscheidungsträgern. Im Zentrum der Veranstaltung stehen die Unternehmenspräsentationen.

 
 

Aktuelles zum Finanzmarktrecht - Herbstanlass Kellerhals Carrard

21. und 23. November 2023, Z√ľrich

Kellerhals Carrard l√§dt die SECA Mitglieder gerne zum Herbstanlass 2023 ein. Aktuelles zum KAG, FIDLEG und FINIG / Family Offices im Schweizer Finanzmarktrecht / Non-Fungible Tokens (NFTs) - Regulatorische Rahmenbedingungen und Praxis der FINMA

 
 

Seminar Financial Consequences of Longevity

21. November 2023, Rotkreuz

Die Lebenserwartung nimmt kontinuierlich weiter zu – auch in der Schweiz.  Metatrends lassen erwarten, dass Personen, die im aktuellen Jahrhundert in L√§ndern mit hohem Einkommen geboren sind, einen l√§ngeren und ges√ľnderen Lebensabend verbringen. Diese Ver√§nderung f√ľhrt zu einer Neuausgestaltung der «Karte des Lebens». In diesem Tagesseminar wird eine Analyse des demographischen Wandels und seiner Auswirkungen auf das Wealth Management sowie die Vorsorge vorgenommen und Projektionen f√ľr die n√§chsten 20 bis 30 Jahre vorgenommen.

 
 

Deutsches Eigenkapitalforum

27. - 29. November 2023, Frankfurt

Beim Deutschen Eigenkapitalforum heisst es auch dieses Jahr wieder: „Unternehmer treffen Investoren“. Seit mehr als 25 Jahren treffen hier Entscheidungstr√§ger von b√∂rsennotierten und vorb√∂rslichen Unternehmen auf Analysten, institutionelle Investoren und Vertreter der Private Equity- und Venture Capital-Szene. Knapp 230 Emittenten (davon 33 aus DAX und MDAX) sind in diesem Jahr bereits dabei.

 
 

Schulthess Forum Venture Capital 2023

Tuesday, 28 November 2023, Z√ľrich

This conference is designed for lawyers but also investors, startups and representatives of authorities with exposure to the Swiss startup ecosystem. While the primary focus will be on legal topics, it also tackles the latest developments and trends in the startup and venture capital landscape.

 
 
 
 

Editor

 
   

Editor

The 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 for SECA members.

 
 
 
 

¬© 2023 SECA

powered by endurit gmbh