SECA eNewsletter no. 551

Dear Reader

Summer is in full swing – a perfect moment to reflect on an eventful first half of the year. A particular highlight was the SECA Annual Conference on June 23, 2025. Once again, the event brought together over 300 key players from the Private Equity, Venture Capital and Corporate Finance sectors to exchange views on "Digital Infrastructure, AI, Cloud, Data and Beyond". A heartfelt thank you goes to all our speakers, sponsors and attendees who made the day such a success.

Our other events – from workshops and engaging panel discussions to lively networking gatherings – have further demonstrated the strength and vitality of our community.

Now it’s time to enjoy the summer break, recharge, and look forward to an exciting second half of the year. We’re already working on new events and initiatives – stay tuned and have a look on our event page!

Wishing you a wonderful summer,
Maurice Pedergnana

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SECA

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Upcoming SECA Events - save the date and register on www.seca.ch/events

Young SECA Minigolf Cup
Wednesday, 13 August 2025, 18.30

SECA Webinar: Capital Deployment & Regulatory Challenges for PE/VC Article 8 and 9 Funds (e)
Wednesday, 3 September 2025, 09:00 – 10:00, online

SECA Ticino Event: Get together (i/e)
Tuesday, 9 September 2025, Lugano

SECA Event: The Future of M&A and Corporate Finance – Exploring the impact of automation and AI (e)
Thursday, 11 September 2025, 18:00, Zürich

SECA Lunch Event: Small-Cap Private Equity in der DACH Region
Thursday, 18 September 2025, noon, Zürich

SECA Event: A View on Italy’s Investment Opportunities (e/i)
Thursday, 18 September 2025, 17:30, Zürich

SECA Event: Private Wealth: The Future of Private Markets – Unlocking Broader Access  (e/d)
Thursday, 25 September 2025, 17:30, Baar / Zug

 

13. SECA Workshop Private Equity

Friday, 21 and Saturday, 22 November 2025

Private Equity & Private Markets kompakt, ganzheitlich und von namhaften Referenten erklärt. Ziel des Workshops ist es, einen umfassenden Einblick in die Struktur, die Funktions-weise und die Dynamik von Private Equity und Private Markets zu geben sowie Handlungsempfehlungen aus der Sicht eines Investors aufzuzeigen. Zusammen mit einer Case Study, die den Weg eines Investments von der Suche, über den Einstieg, über die Verwaltung sowie das Monitoring bis hin zum Verkauf veranschaulicht, soll dieser Workshop zu einem besseren und umfassenderen Verständnis der vorhandenen Chancen und Risiken dieser Assetklasse beitragen.

weitere Informationen
 

Performance Benchmark Report

Invest Europe’s latest Performance Benchmark Report confirms what long-term investors already know: whether you look at net IRR (internal rate of return) or TVPI (total value to paid-in), Europe’s private capital outperforms listed benchmarks across segments and over the long term.

read more
 

Peter Kessel - SECA Business Angel of the Year 2025

When the SECA Summer Party takes place, it's also time to celebrate the Business Angel of the Year. The jury was deeply impressed by Peter’s spirit of visionary investing, purposeful mentoring, and unwavering support for early-stage founders. After decades in private equity business and industry management positions, Peter Kessel acts as an independent management consultant supporting and advising start-ups as a Business Angel. He has invested in dozens of Swiss start-ups focused on deep tech and B2B.

SECA Business Angel of the Year

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250616 Medieninfo SECA BA Of The Year 2025 EN
 

Survey of the Week

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Bachelor/Master Arbeit - helfen Sie mit

Es ist uns wichtig, die Bildung zu fördern und zu unterstützen. Daher publizieren wir an dieser Stelle gerne Umfragelinks für Bachelor- bzw. Masterarbeiten. Es wäre toll, wenn Sie sich Zeit nehmen könnten, die Bachelor- bzw. Masterstudierenden zu unterstützen. Investieren Sie etwas Zeit in unsere Zukunft.

 

Survey Masterarbeit - How is AI really used by Swiss financial sponsors & M&A professionals?

Spare 10 minutes to add your (anonymous) experience to a ETH Zurich fact-finding study.

Why take part?

- Put numbers behind the buzz. Your answers enrich this snapshot of AI adoption across Swiss deal-making and portfolio work.

- Clarify the impact. Help the industry understand where AI saves time, where it doesn’t, and which risks need more attention.

Questions? Contact Lawrence Blem

Take the 10-minute survey by clicking
 

Venture Capital

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We have published the half-year update to the Swiss Venture Capital Report

Swiss start-ups generated CHF 1,473.7 million in venture capital in the first six months of the year. This represents an increase of 36% compared with the first half of 2024. However, the number of financing rounds fell from 138 to 124 – a decrease of 10% and the third consecutive decline. You can find all the details about the Top 10 investments, sectors, phases and cantons in the update.

read more

Downloads
VC Report 2025 H1 UPDATE
 

SICTIC Celebrates 10 Years - Happy Birthday!!

This year marks a decade of empowering Swiss tech startups and building bridges between founders and investors. 🎂✨ To celebrate, SICTIC spoke with Dr. Thomas Dübendorfer, President and Co-Founder of SICTIC, to reflect on the early days: "Back 10 years ago, Fintech and ICT startups struggled to find enough capital to get started in Switzerland. In 2014, only CHF 80 million in venture capital was invested in all Swiss ICT and Fintech startups combined. Just eight years later, in 2022, startups in that vertical secured CHF 2 billion! It’s amazing to see how far we’ve come."

read and listen more on LinkedIn
 

b2venture - 25th anniversary - Happy Birthday!!

As we (b2venture) celebrate our 25th anniversary, 🎂✨ we want to extend our heartfelt gratitude to each of you who has been part of this incredible journey with one of Europe's oldest VC firms. Our story began in 2000 with the BrainsToVentures platform, connecting business angels with startups. We survived the dot-com crash by choosing quality over quantity and building our community on performance and trust – the principle of the honorable merchant that continues to guide us today. Together, we've ridden transformative waves in technology and markets. Out of this journey, 10 startups went public, many merged with major companies, and our current portfolio of 158 startups continues to impress us. Six of them are likely to go public in the next few years.

read more - b2venture Newsletter June 2025
 

Rekordwert bei Firmengründungen im ersten Halbjahr 2025

Noch nie wurden im ersten Halbjahr so viele Firmen gegründet wie 2025. Die neue nationale Analyse zeigt, wie sich die Gründungszahlen in den sieben Grossregionen entwickelt haben. Welche Rechtsformen besonders gefragt sind und welche Branchen vorne liegen, erfährst du in der Analyse von IFJ.

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SteelcoBelimed Innovation Hub

At SteelcoBelimed, we continue to embody our motto: Innovate with confidence.

We’re proud to announce the opening of the SteelcoBelimed Innovation Hub in Zug, Switzerland. A new milestone in our journey of innovation, just one year after the joint venture’s foundation.

read more
 

Swiss Deep Tech Report 2025

The first Swiss Deep Tech Report presents data-driven evidence of the advantages that make Switzerland a global deep tech hotspot. It also provides an in-depth overview of the most successful and promising start-ups in nine verticals.

download the report
 

Redstone University Startup Index 2025 – Europe’s Seven Trillion Euro Opportunity

The 2025 study confirms wide discrepancies in the startup-generating efficiency of European universities. While some institutions create as many as 80 startups per €100 million in annual budget, others manage only one. If all 905 universities operated at the benchmark efficiency of top-performing institutions, Europe could create 327,030 additional startups in the next ten years.

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New companies join Technology Fund portfolio

The latest startups to benefit from the Technology Fund are developing diverse solutions – including from flying robots, automation for industry 4.0, energy management and trading, sustainable fashion and indoor farming. Six of them have already closed funding rounds totaling CHF 15.8 million to commercialize their solutions.

Source: Startupticker.ch
 

CHF 79 million to advance Nuclidium’s copper-based radiopharmaceutical platform

NUCLIDIUM AG, a clinical-stage radiopharmaceutical company developing a proprietary copper-based theranostic platform, has closed its Series B financing round led by Kurma Growth Opportunities Fund. The proceeds of CHF 79 million (EUR 84 million) will be used to advance the clinical development of NUCLIDIUM’s Copper-61/Copper-67 (61Cu/67Cu) theranostic pipeline across multiple oncology indications and expand its global production network.

Source: startupticker.ch
 

LUKB-Zukunftspreis: Drei Startups unter den Gewinnern

Drei Startups wurden beim LUKB-Zukunftspreis 2025 ausgezeichnet: SendMeBag gewann in der Kategorie Technologie & Innovation, Lentl holte sich den ersten Platz in der Kategorie Ökologie und Upgrid sicherte sich den erstmals vergebenen Jurypreis. In der Kategorie Soziales Engagement landete das Projekt «Fitness Integration Perspektive» ganz oben auf dem Treppchen.

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Neue Folge Club Wasserdicht

Alan Frei (CO-Founder of the Young SECA), Marc P. Bernegger, Adrian Locher und Tobias Reichmuth sind zurück mit einer neuen Folge Club Wasserdicht. Diesmal dreht sich die Folge um das, was moderne Teams und Startups gerade wirklich beschäftigt: Remote Work, Company Retreats, Teamkultur – und die Frage: Wo gründet man heute eigentlich am besten?

listen to the episode 6
 

Baidu plans expansion in the area of robotaxis from Zurich

Baidu is opening a hub for autonomous mobility in Zurich. The Chinese search engine giant is planning to bring its autonomous transport service Apollo Go to European roads. To this end, Baidu intends to start testing in Switzerland before the end of the year.

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FREITAG und Études Studio lancieren neue Messenger Bag

Der Taschenhersteller FREITAG aus Zürich und das Modeatelier Études Studio haben eine limitierte Edition einer Messenger Bag auf den Markt gebracht. Die unter dem Namen F41 Hawaii Five-0 lancierte Tasche besteht aus rezyklierten Lastwagenplanen mit dem Sterne-Design des Pariser Ateliers.

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askEarth secures 2.26 million Swiss francs in seed capital

The Zurich-based DeepTech start-up askEarth has banked 2.26 million Swiss francs to boost further growth. The company is developing an answering machine that brings together satellite and geodata generated daily for all kinds of spatial questions, making this accessible to companies in the process.

read more
 

The hybrid future: The evolving balance between specialist and generalist VC firms

In this edition of the Road to Next series, Deloitte examine the evolving roles of generalist and specialist venture capital (VC) investors in today’s complex dealmaking environment.

read more
 

SECO Startup Fund Renews Commitment to Deploy CHF 5 Million to Impact Startups in Emerging Economies

As global investment flows into emerging markets tighten, the SECO Startup Fund (SSF) is stepping up with a proven and flexible financing model. Backed by State Secretariat for Economic Affairs (SECO) and now managed by specialized impact and emerging market managers iGravity and Seedstars, the SSF is relaunching with a revised investment thesis to better serve entrepreneurs solving challenges across Swiss development partner countries in Africa, Asia, Latin America, and Eastern Europe.

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Venture Leaders Medtech 2025: Ten Swiss startups selected for US expansion

Ten promising startups have been named to the Swiss National Medtech Team 2025 and will travel to Boston from September 28th to October 3rd to pitch to investors, expand their network, and meet industry leaders. The Venture Leaders Medtech program is organized by Venturelab, with the support of EPFL, ETH Zurich, Hansjörg Wyss, Helbling Technik, Health Innovation Hub Aargau, Kellerhals Carrard, Canton de Vaud, and Vischer.

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Ahead – Gründungs- und Innovationszentrum Zürich ist live

Entstanden aus dem Zusammenschluss von Startzentrum Zürich, GO! Mikrokredite, KMU und INNOVATION und gruenden.ch, bündelt Ahead  langjährige Erfahrung, bewährte Angebote und starke Partnerschaften unter einem Dach. Als gemeinnützige Genossenschaft mit öffentlicher Trägerschaft – bestehend aus der Stadt Zürich, dem Kanton Zürich und der Zürcher Kantonalbank – arbeitet Ahead unabhängig, praxisnah und lösungsorientiert.

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Verein Stiftungsstandort Zürich stärkt Zürcher Stiftungswesen

Mit einem feierlichen Akt haben die Gründungsmitglieder am Dienstag, 24. Juni 2025 den «Verein Stiftungsstandort Zürich» aus der Taufe gehoben. Damit ist ein wichtiger Schritt zur weiteren Stärkung des Stiftungsstandorts Kanton Zürich vollbracht. Der aus relevanten Akteuren zusammengesetzte Verein verstetigt die seit 2021 laufende Initiative des Zürcher Regierungsrats zur Förderung des Stiftungsstandorts Zürich. Ziel des Vereins ist die nachhaltige Stärkung des Standorts für gemeinnützige Akteure, die Weiterentwicklung des Ökosystems des Stiftungswesens und der Dialog zwischen Stiftungssektor, Regierungsrat, Verwaltung, Wissenschaft und Wirtschaft. Als Auftakt seiner Vereinstätigkeit lädt der Verein am 1. Oktober 2025 zum 1. Zürcher Stiftungsforum ein.

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Redalpine June Newsletter

Have a look in Redalpines  June Newsletter - June was a bumper month for redalpine and our portfolio! We saw a record-breaking Series A funding round for Proxima Fusion, welcomed Lyceum and DejaBlue on board, and celebrated milestones for Apaleo, Basecamp Research, Klarna, Knowunity, Magdrive, and Mistral AI. Read on for all of our news and highlights this month...

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Tariffs, exit drought and fundraising woes hold back European VC

According to PitchBook’s Q2 2025 European Venture Report, €29.2 billion (about $34.1 million) was invested in an estimated 5,362 deals in H1. This represents a 3.7% decline in deal count and a 6.2% decline in value compared to H1 2024.

 

Next Generation - Startup-Neugründungen in Deutschland

Zahl der Startup-Neugründungen steigt gegenüber dem zweiten Halbjahr 2024 um neun Prozent.

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Dedicated €40 million FemTech fund announced for France

The first in France fund originates from the Île-de-France region and was designed in partnership with FemTech France.

read more
 

Private Equity - Swiss News

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Swiss Asset Management Study 2025

Die Swiss Asset Management Study 2025, erstellt von der Asset Management Association Switzerland (AMAS) in Zusammenarbeit mit dem Beratungsunternehmen zeb, unterstreicht die wachsende volkswirtschaftliche Bedeutung des Schweizer Asset Managements. Mit einem Rekordvolumen von CHF 3.45 Billionen an verwaltetem Vermögen im Jahr 2024 hat sich die Schweiz als drittgrösster Asset-Management-Hub Europas etabliert.

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Partners Group reports solid AuM development in H1 and reconfirms full-year guidance

Partners Group received USD 12 billion in new commitments from its global client base in H1 2025, as well as USD 4 billion in fee-paying assets from the closing of the acquisition of Empira Group, bringing the firm's total assets under management (AuM1) to USD 174 billioas of 30 June 2025 (30 June 2024: USD 149 billion). The firm committed USD 9 billion (H1 2024: USD 9 billion) globally to investments across private markets asset classes and generated USD 9 billion (H1 2024: USD 9 billion) in realizations.

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Itesys acquires Hosting Solutions from Germany

Itesys AG has agreed a takeover deal for the German company Hosting Solutions GmbH. With this acquisition, the SAP technology provider is seeking to expand its position in Germany and across the German-speaking DACH region as a whole.

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Helsana Group acquires software supplier Adcubum

The provider of health and accident insurance software will remain an independent company with its headquarters in St.Gallen. All employees are to be retained. Niederer Kraft Frey advised Helsana Group as legal advisor on the acquisition of Adcubum AG. The closing of the transaction is scheduled for later this year.

read more
 

SmartYou SA schliesst sich der Sequotech Gruppe an

Die Sequotech Gruppe gibt ihre dritte Integration in diesem Jahr bekannt: SmartYou SA, ein führender Anbieter von Managed IT Services, Cloud-Infrastruktur, IT-Sicherheit und Microsoft 365-Lösungen. Mit diesem strategischen Schritt stärkt Sequotech ihre Präsenz in der Romandie, insbesondere in der Region Genf, deutlich.

read more
 

Sonderausgabe beleuchtet die grosse Tagung für den Finanzplatz Schweiz

Finance Forum Zürich 2025 beleuchtet die Zukunft des Finanzplatzes Schweiz. Blättern Sie in der Sonderausgabe.



Downloads
HZE2606 SPE Financeforum
 

HBM Healthcare Investments publishes Quarterly Report for the period ending 30 June 2025

In the first three months of the 2025/2026 financial year, the value of the HBM Healthcare Investments portfolio increased by 0.5 percent in investment currencies. However, the strong appreciation of the Swiss franc against the investment currencies (USD -10.3 %, CNY -9.2 %, INR -10.7 %, EUR -2.3 %) reduced performance by 8.9 percent in reporting currency. Overall, the net asset value per share (NAV) declined by 8.4 percent, resulting in a quarterly loss of CHF 140 million. The share price fell by 5.5 percent.

press release
 

How Private Equity can build resilience in a world gone unpredictable

Resilience is no longer just a buzzword—it’s the decisive edge for portfolio companies facing today’s unpredictable environment.

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Private Equity - Int. News

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Partners Group and a consortium of minority investors, including GIC, TPG Rise Climate, and Mubadala, to invest in next growth phase at Techem

  • Consortium is acquiring Techem, an international provider of digitally enabled solutions for the real estate sector, for an enterprise value of EUR 6.7 billion
  • Techem has over 440,000 customers in 18 countries and services more than 13 million dwelling
  • Growth will be driven by digitization and expansion of complementary offerings
Press release
 

EssilorLuxottica and Meta to launch Oakley Meta, creating a new category of Performance AI glasses for athletes and fans alike

EssilorLuxottica and Meta Platforms announced Oakley Meta, a new category of Performance AI glasses that pair Meta’s industry-leading AI technology with Oakley’s pioneering design and PRIZM lenses to transform how consumers experience their biggest wins – on and off the field. Following the category-defining success of Ray-Ban Meta, the #1 selling AI glasses in the world which have sold millions of units since launch, Oakley Meta glasses will be the next product line to come from this long-term partnership.

read more
 

LGT Capital Partners Insights whitepaper on building a modern Asia-Pacific private equity portfolio now available

The latest edition of the LGT Capital Partners Insights series examines the evolving private equity market in Asia-Pacific (APAC). Geopolitics and domestic developments have altered the private equity landscape in the region, but it still offers potential for attractive returns. Building a balanced portfolio tailored to these new conditions requires a nuanced approach, diversification across the region, on-the-ground expertise and access to the right investment opportunities.

read more
 

Austrian Investing Report

Neue Daten - frische Einblicke - wichtige Trends: Die alle zwei Jahre erscheinende Studie gilt als eine der fundiertesten Analysen des österreichischen Privatkapitalmarkts. Sie beleuchtet exklusiv die Perspektive privater Kapitalgeber:innen, eine Seite des Startup-Ökosystems, die in der öffentlichen Wahrnehmung häufig zu kurz kommt.

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Global Private Capital Barometer 42nd Edition, Summer 2025

In this edition of the Global Private Capital Barometer, we explore investor sentiment towards private markets, and examine their views on allocations and risk in the current macroeconomic climate.

read more
 

Impact Investing - Swiss News

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SIFEM publishes its 2024 Business & Financial Report

With 12 new investments totalling USD 173 million, the Swiss Investment Fund for Emerging Markets (SIFEM) closed 2024 with over USD 1.05 billion in active capital commitments, underlining its growing role in development finance.

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Rochus Mommartz, CEO of responsAbility, on the impact investment strategy

Rochus Mommartz shared insights from his extensive experience in impact investments, particularly in emerging markets.

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Argos & BCG Climate Transition Barometer – Third Edition – 2025

The third edition of the Argos  - Boston Consulting Group (BCG) barometer shows that the ecological transition is critically important to a large majority of the European mid-market companies surveyed.

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New Impact Investing in Infrastructure Report

SUSI Partners contributed to a new position paper on impact investing in infrastructure, co-authored with leading institutions under the joint initiative of Bundesverband Alternative Investments e.V. (“BAI”) and Bundesinitiative Impact Investing e.V. (“BIII”).

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ESG Reporting Studie 2025

Die ESG Reporting Studie 2025 von BDO Schweiz und der Hochschule Luzern gibt fundierte Antworten. Sie zeigt auf, wo Schweizer Unternehmen heute stehen, welche ESG-Trends und Best Practices sich aus der Unternehmenspraxis ableiten lassen, und welche strategischen Überlegungen für Fach- und Führungskräfte jetzt zentral sind – insbesondere in den Bereichen ESG-Reporting, Compliance, Nachhaltigkeitsmanagement und unternehmerische Transformation. Laden Sie die ESG Reporting Studie jetzt kostenlos herunter – mit Analysen zum ESG-Reifegrad von Schweizer Unternehmen, Stimmen aus der Praxis, konkreten Ansätzen für KMU und Tipps für Strategie, Umsetzung und Kommunikation.

download the study
 

IRF Publishes ESG Monitor Switzerland 2025

A recent study by IRF, a leading Swiss consultancy for strategic communication, shows that small to large listed Swiss companies are further developing their sustainability reporting. While the vast majority now publish a sustainability report, the breadth of frameworks applied is decreasing. The results point to a stronger strategic focus against the backdrop of increasing regulatory requirements in Europe and Switzerland.

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Blue Earth Capital leads USD 44m growth funding round in GeologicAI to increase the supply of critical minerals for the energy transition

Blue Earth Capital ("BlueEarth"), through its investment vehicles, has partnered with Enersoft Inc. (doing business as “GeologicAI”), a developer of core scanning services and resource modeling software for the critical minerals and mining sector.

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Impact Investing - Int. News

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Capturing the impact opportunity: A practical guide for wealth managers

This guide, produced by UK’s Impact Investing Institute with support from Schroders, provides first-of-its-kind insight into the state of the UK’s wealth management impact offerings.

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Robeco’s 5th Global Climate Investing Survey 2025

Investors view the current US-led opposition to climate action as a temporary setback. Yet, disillusionment with government support for the net-zero transition is growing globally, and many expect climate investing momentum to return in future US administrations.

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Phenix’ Private Impact Debt Funds Report

Developing countries face a $4.3 trillion annual financing gap for sustainable development, including $1.8 trillion for climate needs. Impact debt funds can help to close this cap. The number of private debt impact funds has been growing steadily over the last decade to reach 423 in 2025.

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GSG Impact - Impact Economies Traction & Trends: Insights from 34 GSG National Partners

GSG Impact is a global NGO  established in 2013, with the goal to create the infrastructure and incentives impact investment in national markets (developed and emerging economies). Many governments are increasingly embedding impact investing into national development plans and policy agendas, signaling a shift from isolated initiatives to long-term strategic priorities.

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How InnoEnergy Became the World's Largest Climate Tech Group

EIT InnoEnergy, supported by the European Commission, has in recent years become what the EU describes as "the world's largest sustainable energy innovation ecosystem". Across the body's 14-year history, it has helped to nurture more than 540 clean tech start-ups, leading to an impressive €34bn (US$38.8bn) in investments, whilst preventing 2.3 gigatonnes of CO₂ emissions by 2030 across its portfolio.

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Viewpoint: The three pathways to impact investing additionality

Impact investors should be able to demonstrate how their capital creates unique value beyond conventional markets. Michael Brown, head of Wharton’s Impact Investing Research Lab, believes a new framework focused on additionality using three distinct pathways can help.

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Norrsken commits €300m to startups that use AI ‘for good’

The Swedish foundation wants to invest in European firms that can solve the greatest challenges of our time, and will look to find startups that are tackling climate, health, food, education, and society more broadly.

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Q2 2025 - European PE Breakdown

European PE dealmaking slowed in Q2 2025 as sponsors across the globe hit the brakes amidst heightened volatility and uncertainty following US President Donald Trump’s tariff announcements. In response, activity skewed towards smaller add-on acquisitions, reflecting a cautious but tactical deployment of capital.

download the report
 

Corporate Finance

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IPO-Newsletter Q2 2025

Nach einem durchwachsenen Start ins IPO-Jahr 2025 fiel das zweite Quartal am europäischen IPO-Markt unterdurchschnittlich aus: Mit 14 Börsengängen bei einem Transaktionsvolumen von EUR 1.3 Mrd. gehörte das Q2 2025 im Vergleich mit den vergangenen 25 Jahren zu den Frühjahrsmonaten mit geringerer IPO-Aktivität. In Nordamerika hingegen nutzten beinahe 100 Unternehmen die sich im Q2 2025 bietenden Opportunitäten für einen Sprung an die Börse. Dabei resultierte ein Transaktionsvolumen von EUR 16.2 Mrd., womit das diesjährige zweite Quartal überdurchschnittlich transaktionsstark war. An der SIX Swiss Exchange gab es zwar keinen klassischen Börsengang zu verzeichnen, aber es konnte mit dem Spin-off von Amrize dennoch ein neues Unternehmen an der Schweizer Börse begrüsst werden.



Downloads
ZKB IPO Newsletter Q2 2025
 

H1 2025 global IPO activity shows resilience amid market volatility

In the first half (H1) of 2025, the global IPO market demonstrated resilience with 539 listings raising US$61.4 billion in capital, reflecting a 17% increase in proceeds, YOY. Sustained IPO activity amid significant policy uncertainty and market volatility highlights the resilience of strategically positioned and well-prepared IPO companies and their ability to adapt in a shifting capital market landscape. Notably, Greater China has re-emerged as a dominant player, capturing one-third of all global proceeds, while Europe has seen its share decline to just 10%.

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Global Wealth and Lifestyle Report 2025

Read the report for exclusive insights into how high-net-worth individuals are adapting their lifestyles, investment decisions, and priorities in today’s rapidly changing world.

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Mergers & Acquisitions

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What Lawyers Really Do During Due Diligence

How do lawyers handle a curveball right before signing? What if a target isn’t cooperating? In the latest episode of The Dealist podcast, Peter Emmi — a tech-focused partner at Reed Smith in New York City who had a 17-year career as an engineer, researcher and dealmaker at IBM — shares how his team facilitates complex transactions. 

listen to
 

Transaction Signed: White Peaks Invests in pom+Group AG

White Peaks to partner with pom+, the leading consulting and techenabled service provider for digitalization and sustainability in Real Estate, to accelerate growth and expand market leadership. Bär & Karrer Advises White Peaks on Investment in pom+ Group.



Downloads
20250710 White Peaks Pom+ Press Release
 

The New Era of Life Sciences Dealmaking Report

Discover the key trends driving capital deployment and exit activity across the life sciences sector, including: Global life sciences M&A and PE activity by type and region / The rising demand for AI capabilities in Healthcare / Trends in VC-backed IPO investing / Spotlight on European Life Sciences M&A

Download the report
 

Management Buyout

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E.GRUPPE expands its presence through the acquisition of LET Gruppe

E.GRUPPE, a Gimv portfolio company and leading provider of electrical engineering solutions for clients in the industrial and energy sector, is expanding its product and service offering as well as regional presence through the acquisition of LET Gruppe.

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Book of the Week

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Capital in Banking

Capital in Banking traces the role of capital in US, British, and Swiss banking from the 19th to the 21st century. The book discusses the impact of perceptions and conventions on capital ratios in the 19th century, the effects of the First and Second World Wars, and the interaction of crises and banking regulation during the 1930s and the 1970s. Moreover, it emphasises the origins of the risk-weighted assets approach for measuring capital adequacy and explains how the 2007/2008 crisis led to a renaissance of unweighted capital ratios. The book shows that undisclosed reserves, shareholders' liability, and hybrid forms of capital must be considered when assessing capital adequacy. As the first long-run historical assessment of the topic, this book represents a reference point for publications in economics, finance, financial regulation, and financial history. This title is also available as Open Access on Cambridge Core.

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Jobs

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Senior Associate, Client Relations (Private Equity)

Take a look at this interesting Jop opportunity.

Role: Senior Associate, Client Relations (Private Equity)
Location: Munich (Germany)
Contract Type: Permanent (Full-time)
Work Location: Hybrid – Office 4 days per week.

To apply, please email your resume and any additional information to: E-Mail

The Senior Associate, Client Relations, plays a pivotal role in enhancing the client experience by delivering exceptional service and communication to our investors. This position supports key processes such as fundraising and investor relations, client servicing and onboarding, investor reporting, and ongoing relationship management, ensuring a timely and accurate response to client needs. Read more in the attached pdf file.



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Capital Dynamics Senior Associate, Client Relations (Private Equity) Munich
 

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.-
- for Non-Members CHF 200.-

 

Agenda

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13. Investora Zürich 2025

17 & 18 September 2025, THE HALL in Zürich-Stettbach

Die Aktienkonferenz Investora Zürich findet am 17. und 18. September 2025 wieder in den Räumlichkeiten von THE HALL in Zürich-Stettbach statt. 34 an der Schweizer Börse SIX kotierte Small und Mid Caps werden sich dem professionellen Anlegerpublikum präsentieren.

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IPEM Paris 2025

September 24-26, 2025, Paris

IPEM Paris is the leading global event for private equity. In the 2024 edition, over 6,000 delegates, including more than 1,200 LPs (Investors) and 1,000 GPs from 50 countries, gathered at the Palais des Congrès in Paris. From September 24 to 26, 2025, at the same venue, LPs and GPs will come together again to create opportunities, develop partnerships, and drive the growth of private capital.

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CPEA-Weiterbildung

Oktober 2025 - April 2026

Das zertifizierte Weiterbildungsprogramm „Certified Private Equity Analyst“ (CPEA), das vom Bundesverband Beteiligungskapital (BVK) in Kooperation mit der Technischen Universität München angeboten wird, startet im Oktober 2025 in seinen 13. Jahrgang.
Rabatt für SECA Mitglieder: EUR 2'000 auf die originale Teilnahmegebühr von EUR 12'750

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Finanz und Wirtschaft Alternative Investments Forum 2025

23 October 2025, Zurich Marriott Hotel, Zurich

In einem Umfeld geopolitischer und wirtschaftlicher Unsicherheit gewinnen Alternative Investments zunehmend an Bedeutung. Während die öffentlichen Märkte starken Schwankungen unterliegen, zeichnen sich Private Assets durch Stabilität und Langfristigkeit aus. Die wachsende Nachfrage bestätigt: Nicht börsennotierte Anlagen haben sich als eigenständige und unverzichtbare Anlageklasse etabliert. Erfahren Sie mehr am Anlass von Finanz und Wirtschaft.

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0100 International 2025, Milan

27 - 29 October 2025, Palazzo Castiglioni, Milan

This curated event provides a family-and-friends atmosphere to connect with seasoned executives. Organised in partnership with the City of Milan, 0100 International 2025 will bring together 700 senior professionals from the private markets ecosystem across Europe, MENA, and North America.

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Excel Seminare - Effizient und sicher umgehen mit Daten

Excel als Tabellenkalkulations-Software beinhaltet eine grosse Anzahl von Funktionen. Nebst vielen bekannten Funktionen stehen mit Microsoft 365 spannende und effiziente neue Funktionen zur Verfügung. Gelangen Sie schneller zum Ziel und gestalten Sie gleichzeitig Ihre Arbeitsmappen übersichtlicher und wartbarer. Das Institut für Finanzdienstleistungen Zug IFZ von der Hochschule Luzern bietet drei verschiedene Excel-Seminare an:

12.11.2025 - Advanced Excel Effizient und sicher umgehen mit Daten: Link

13.11.2025 - Power Query mit Excel Steigern Sie Ihre Produktivität durch Automatisierung: Link

19.11.2025 - Excel Power BI Dashboards Daten schnell verständlich darstellen: Link

 

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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 5'000 email addresses. More information: www.seca.ch or +41 41 757 67 77 (Andrea Villiger). The eNewsletter archive service is available for SECA members.

 
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