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La SECA (Swiss Private Equity and Corporate Finance Association) et France Invest s'associent pour proposer un cycle de formations en fran?ais facilitant la mont?e en comp?tences des professionnels int?ress?s par le capital-investissement (private equity) en Romandie. Nous offrons aux membres et non-membres un cycle de sept formations con?ues pour un large public, allant des nouveaux entrants dans les m?tiers du private equity aux pro-fessionnels plus ?tablis, mais aussi aux charg?s 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.

Bitte beachten Sie, dass der 3. SECA Workshop Venture Capital auf Grund der aktuellen Lage in den Herbst 2020 oder Fr?hling 2021 verschoben wird. Die neuen Daten werden so bald wie m?glich bekannt gegeben.

Wir zeigen auf, was Venture Capital im Unterschied zu anderen Assetklassen ist, welche M?rkte es gibt, wie Venture Capital funktioniert, welches die wichtigsten Marktplayer und deren Gesch?ftsmodelle sind, wie VC reguliert ist, welche Gr?nde f?r Venture Capital sprechen, wie ein Investor investieren kann und was die Erfolgsfaktoren f?r Investments sind. Neben diesen Themen d?rfen Erfolgsgeschichten aus der j?ngsten Vergangenheit aus den Bereichen Innovation, Unternehmertum und Venture Capital nicht fehlen. Zur Verkn?pfung von Theorie und Praxis gestalten namhafte Referenten aus der Industrie sowie aus der Forschung und Entwicklung den Workshop mit.

Diverse Daten - Bern, Genf, Rotkreuz, Z?rich

Institutionelle Investoren k?nnen Private Markets nutzen, um ihre Rendite zu steigern und durch zus?tzliche Diversifikation ihr Risiko zu optimieren. Doch wie funktionieren Investitionen in Privatmarktanlagen? Das SECA Seminar gibt einen Einblick in diese breite, vielf?ltige Anlageklasse.

Sollte es zu gegebener Zeit nicht m?glich sein, das Seminar physisch anzubieten, werden wir ein verk?rztes Webinar durchf?hren.

Entrepreneur and ETH Zurich researcher Etienne Jeoffroy and his co-founders want to accelerate CO2 reduction in the built environment. With the ETH spin-off FenX, which won the Swiss Technology Award 2019, they aim to push the building sector towards more sustainable practices. FenX transforms industrial waste into a porous, non-flammable foam suitable for building insulation. The production process is energy-efficient and the insulation panels are reusable. Etienne Jeoffroy is the recipient of a Pioneer Fellowship. With this programme, ETH supports entrepreneurially ambitious researchers in their efforts to spin out their technology to society as marketable products and services. The programme is partly financed by donors to the ETH Foundation. Etienne Jeoffroy talks about his journey from scientist to entrepreneur.

• How did FenX come about?
• What kind of challenges did you face when starting your spin-off?
• What does the future hold?

Honoring our commitment, this week we have opened up all member-only content on our website to your portfolio companies. They can access information updated daily on EU and national level financial support actions. Along with you, their investors, they can benefit from Invest Europe's knowledge hub, including insights on ongoing policy issues, research on investment trends and information on our 650 members.

Innovative Startups sind ein wichtiger Erfolgsfaktor der schweizerischen Wirtschaft. Bisher konnten Startups jedoch nur sehr eingeschr?nkt oder gar nicht auf die bestehenden Notmassnahmen des Bundes zur?ckgreifen. In Erg?nzung der Covid-19-Kredite des Bundes und kantonaler Unterst?tzungsmassnahmen will der Bund deshalb aussichtsreiche Startups mithilfe des B?rgschaftswesens vor einer Corona-bedingten Insolvenz bewahren.

C?dric Waldburger has more than twelve years of experience working with decentralized teams. He announced his new venture fund which invests in companies that think and work globally from the start. For the last decade, C?dric has workedremotely, has started a company that works completely without an office and has co-founded DFINITY, the Silicon Valley unicorn that develops the decentralized internet. With Tomahawk.VC, the serial entrepreneur and angel investor starts a decentralized venture capital firm without an office, that focuses on global-first companies.

Nach einem Finanzierungsrekord im vergangenen Jahr ist aufgrund der aktuellen Corona-Krise f?r das Jahr 2020 nun ein massiver Einbruch bei Start-up-Finanzierungen zu erwarten. 2019 stieg der Gesamtwert der Start-up-Finanzierungen in Europa im Vergleich zum Vorjahr um 46 Prozent auf 31,1 Milliarden Euro. Die Zahl der Finanzierungsrunden legte allerdings nur um ein Prozent auf 4.246 zu.

The Swiss ICT Investor Club SICTIC and Business Angels Switzerland (BAS) conducted a survey among active business angels. Times are getting harder for start-ups, especially for those looking for new investors.

How hard has COVID-19 hit our startups? With over 80 investments across different sectors and countries, our portfolio might give an indication of the impact on the European tech landscape as a whole. While some companies are hit hard,  there are also very positive stories to be told. One thing has been made painfully clear: If you invest in startups, you should diversify.

Es besteht wohl kein Zweifel dar?ber, dass das Jahr 2020 f?r die Startupszene aufgrund der aktuellen Entwicklungen rund um das Coronavirus hart wird. Doch schon im Jahr 2019 waren die Investments in ?sterreichische Startups r?ckl?ufig – das geht aus dem Startup Report Austria hervor, der jedes Jahr von Florian Kandler erstellt wird. Die Aussage des Reports steht im Gegensatz zu anderen Berichten ?ber die ?sterreichische F?rderlandschaft, die Anfang 2019 erschienen sind.

Read the latest news from btov in their Newsletter April 2020.

Das Start-up sorgt daf?r, dass Medikamente kontrollierter wirken und Nebenwirkungen verringert werden. Sie sorgt daf?r, dass Medikamente kontrollierter wirken und Nebenwirkungen verringert werden – die Microcaps AG aus Z?rich. Mit ihrem neuen Verfahren zur Herstellung von Mikrokapseln ?berzeugte das Jungunternehmen die Jury und gewinnt den mit 98'696.04 Franken (10000 x Pi im Quadrat) Franken dotierten ZKB Pionierpreis Technopark 2020, einen der wichtigsten Innovationspreise f?r Start-Ups in der Schweiz.

On 22 April 2020, the Swiss Federal Council announced financial support measures for startup companies to help them mitigate the economic impact of the coronavirus pandemic. With the new support measures, the Swiss Federal Council sent a clear signal of the government's intention to help promising startups to survive the current crisis and to preserve the innovative capacity and long-term value of the Swiss startup ecosystem as a whole.

These venture bets on startups that "returned the fund," making firms and careers, were the result of research, strong convictions, and patient follow-through. Here are the stories behind the biggest VC home runs of all time.

Aus ?ber 60 Bewerbern aus der ganzen Schweiz wurden zehn neue Startups f?r das Venture Leaders Life Sciences-Programm ausgew?hlt. Die Gewinner werden am 15. September 2020 am Swiss Biotech Day gefeiert. F?r November 2020 ist f?r die Unternehmerinnen und Unternehmer, dem Schweizer Startup-Nationalteam, eine einw?chige US-Roadshow in Boston geplant.

Chronologically, the first quarter of 2020 began just over three months ago. But psychologically, it feels like a lifetime ago. The New Year rolled in with bullish expectations for startup investment across much of the globe. Now, consensus is we're in for a protracted decline.

Die digitale Transformation wird der grosse Gewinner dieser Krise sein. In diesem Kontext ist die j?ngste Investition des Spicehaus Swiss Venture Funds in AMNIS Treasury Services AG  zu sehen. Das ist eine Online-Plattform f?r Fremdw?hrungs-Transaktionen und Risikomanagement f?r KMU. Die Plattform ist so ausgerichtet, dass KMU ohne vertiefte Finanzkenntnisse einfach geplante Kosten und Zahlungseing?nge in Fremdw?hrungen steuern und absichern k?nnen. Das Gesch?ftsjahr 2019 war Cashflow-positiv und f?r 2020. Die Corona-Krise hat zu erh?hten Marktvolatilit?ten, insbesondere auch bei W?hrungen, gef?hrt, was KMUs vermehrt dazu zwingt, Margen und Risiken entsprechend abzusichern. Dieser Umstand d?rfte bei AMNIS zu zus?tzlich erh?htem Wachstum beitragen. Infolge der erh?hten Marktvolatilit?t war der M?rz 2020 ein Rekordmonat f?r AMNIS.

Swiss holding company Crypto Finance AG has closed a USD 14.5m Series B funding round co-led by Swiss investor Rainer-Marc Frey, Beijing-based private equity firm Lingfeng Capital and joined by Hong Kong's QBN Capital. The round began in September 2019. Crypto Finance AG operates three subsidiaries including Crypto Fund AG, Crypto Broker AG and Crypto Storage AG. Brzezek said the Series B funds will be used to fulfill capital requirements for obtaining a broker-dealer license from the Swiss financial regulator FINMA for Crypto Broker AG. Sister-firm Crypto Fund AG received its FINMA license in October 2018.

Taxfix raised USD 65m. The Series C round was led by Geneva-based Index Ventures and existing investors Valar Ventures, Creandum and Zurich-based Redalpine (Redalpine Capital III) participated in the round. Since its launch, Taxfix has helped collect € 270m for users. Many of them would never have bothered to file a tax return before. However, the digital tax app reduces the painful and time-consuming process of filing a tax return to a matter of minutes by simulating a conversation with a friendly tax accountant.

Swiss venture capital investments in Q1 2020 decreased by CHF 100 million compared to Q1 2019. The unpredictability of the coronavirus and its impact on the economy and the restraint of investors present startups with a difficult outlook.

Der Corona-Ausnahmezustand trifft die Wirtschaft hart. Auch die nationale Gr?ndungsszene ist betroffen. W?hrend der Februar 2020 noch als gr?ndungsst?rkster Monat seit Existenz des schweizerischen Handelsregisters in die Geschichte einging, bringen die Corona-Massnahmen einen R?ckgang der Neugr?ndungen in der Schweiz mit sich. Die tagesaktuelle, nationale Analyse des IFJ Institut f?r Jungunternehmen zeigt, dass der Monat April 2020 mit 2'721 Neugr?ndungen der gr?ndungsschw?chste Monat in den letzten 10 Jahren ist. Trotz des stark reduzierten Aprils verzeichnet die Schweiz im ersten Trimester 2020 den f?nfth?chsten Wert der letzten zehn Jahre. In den ersten vier Monaten wurden 14'079 neue Firmen gegr?ndet.

Over CHF 1 billion raised for private and public companies - Gene therapy, AI and advanced biologics manufacturing emerging as additional strengths - Licensing deals and collaborations boost revenues - Swiss biotech ecosystem becomes even more diverse.

IDAK HOLDING AG, die Muttergesellschaft der K?hl- und Tiefk?hlproduzentin KADI AG, hat die Mehrheit an der in Italien ans?ssigen Premium Pizza Manufaktur Margherita Srl erworben. Es handelt sich beim Zukauf um eine strategische Initiative. Diese sichert weiterhin die Unabh?ngigkeit von KADI AG und hilft Margherita Srl zu wachsen. Weder Mitarbeitende, Kunden, Lieferanten noch die jeweiligen Standorte der beiden Unternehmungen werden von diesem Zukauf tangiert.

CGS legt mit zwei Akquisitionen den Grundstein zur Hummingbird Converting Solutions Gruppe, einem f?hrenden Druckmaschinenhersteller f?r die Dekor- und Verpackungsindustrie. Dank technologischem Vorsprung ist die Gruppe optimal f?r die Zukunft aufgestellt.

The Editorial of the Wellershoff & Partners Ltd. latest Private Markets Perspectives is exceptionally made available for free, to give you a taste of the critical content.

Quaero Capital launched its second infrastructure fund in July 2019 with a view to target equity investment in infrastructure projects across Europe. They are targeting a fund size of EUR 500m and they already raised more than EUR 430m of commitments from European Institutional investors. In terms of investment they committed about 30% of the fund so far. Geneva- and Zurich-based Quaero Capital has a good track record regarding performance. They raised EUR 250m for their first fund, which is now fully invested and have a TVPI of more than 110 as at 31/12/19. They expect to be in the upper range of our target 9-11% net IRR.  Our portfolio is made of essential infrastructure not exposed to demand risk.  We have invested in telecoms (optic fiber networks), Renewables (more than 120MW of wind farms), water assets and social infrastructure (PPP for hospital and university). We target both greenfield and brownfield assets.

Investment led by MTIP enables the company to expand its product development to meet the growing demand for patient-centric technology solutions in clinical trials.

As the leading Swiss platform services provider for fully-integrated and automated quantitative trading and trade execution, for both traditional and digital assets, we are pleased to be among the TOP 100 WealthTech companies 2020 from across the globe.

EQT has released an update on period end AUM as of March 31 2020. AUM stood at EUR 40bn vs EUR 39.9bn at the end of 2019. Investment performance remains solid, despite the challenges posed by the COVID-19 outbreak, with returns across key funds expected either to be in line or exceed management's expectations, though some exits may be delayed. Still expect hard cap of EUR 15bn of EQT IX but timing or raising could take longer given impact of COVID-19 and also carried interest likely to be impacted, with FY20 company compiled consensus of EUR 77m.

Die AVCO als Dachverband der ?sterreichischen Private Equity und Venture Capital Industrie publiziert unter anderem auch einen regelm?ssigen Newsletter.

Ein von Fontavis verwalteter Fonds erwirbt 100% von OBOS Energi AS, einem Entwickler und Eigent?mer von Kleinwasserkraftwerken, die sich haupts?chlich im S?dwesten Norwegens befinden. Das akquirierte Portfolio besteht aus 10 operativen sowie 6 sich im Bau befindlichen Kraftwerken, die j?hrlich 333 GWh erzeugen. Die Transaktion umfasst eine umfangreiche Projektpipeline, die in den n?chsten Jahren durch die bestehende Gesellschaft entwickelt wird. Als Teil der Transaktion wird OBOS Energi AS mit sofortiger Wirkung in FORTE Vannkraft AS umbenannt.

KKR has expanded its presence in the European logistics real estate sector with the acquisition of a stake in a platform backed by M7 Real Estate. Through a European real estate fund, KKR has invested an undisclosed amount to buy the strategic stake in Mirastar from M7. Mirastar was established in 2019 as a joint venture between co-founders Ekaterina Avdonina, CEO and Anthony Butler, CIO and M7. It will be the primary platform for industrial and logistics real estate transactions in Europe for KKR, which over the last 24 months acquired assets across France, the Netherlands, Italy, Spain, and Ireland.

DC Advisory's European Financial Sponsors team reviews the short-term impact of Covid-19 on the PE market. In this edition of the European Mid-Market Private Equity round-up, they explore:

• The impact of Covid-19 on European deal flow
• Emerging trends & sector by sector investment update
• Existing short, medium & long-term views for lenders

As the coronavirus outbreak went global during March, European nations such as Italy, France and Spain were initially among those hit hardest. As a result, several countries in the region have already entered sudden recessions. In the months to come, private equity firms may be among those feeling the economic pain.

BlackRock has raised USD 5.1bn for its third global energy and power infrastructure fund. The manager said the amount raised by the Global Energy & Power Infrastructure Fund III (GEPIF III) fund at the final close – the largest alternative investment fundraise in BlackRock history – surpassed both the original target of USD 3.5bn and the original hard cap of USD 4.5bn. BlackRock said the fund's commitments include investment mandates from over 50 institutional investors, including public and private pension funds, sovereign wealth funds, foundations, insurance companies and non-profit organizations across the US, Europe, Asia and the Middle East. Over 70% of the commitments are from investors in the prior fund.

The eye-popping buyout funds keep coming. The latest example is from CVC Capital Partners, which aims to raise between EUR 17bn and EUR 20bn for its eighth flagship fund. The firm closed its previous vehicle in the series on EUR 16bn in 2017. During each of the past two years, more than half of all capital collected for PE vehicles was tied up in mega funds with USD 5bn or more in commitments, the highest rates on record.

The Carlyle Group reported a loss, but the global investment firm is in a position to take advantage of opportunities created by Covid-19. Carlyle has USD 74bn of dry powder to put to work. It also has USD 1bn of cash on its balance sheet and USD 525m in revolving credit it can tap, said Glenn Youngkin, co-CEO, on a call to discuss the firm's first-quarter earnings.

Losses have been common in the asset management industry during this reporting cycle due to the coronavirus pandemic. Carlyle reported a loss of USD 612m. Earlier this week, the Blackstone Group reported a net loss of USD 1.07bn. Apollo's total AUM fell by roughly USD 15bn to USD 315.5bn due to unrealized market losses, despite net inflows of USD 7.3bn during the quarter.

W?hrend in der Schweiz noch zu Beginn des Jahres mit einer vergleichbaren Anzahl IPOs wie 2019 gerechnet werden konnte, ist inzwischen eine durch die Ausbreitung des Coronavirus bedingte Verschlechterung des Marktumfelds eingetreten. Insbesondere die erh?hte Unsicherheit sowie die gestiegene Volatilit?t erschweren derzeit den Weg an die B?rse, sodass die Durchf?hrung von IPOs bis auf Weiteres schwierig bleiben d?rfte. Dr. Andreas Neumann, Leiter Equity Capital Markets bei der Z?rcher Kantonalbank geht jedoch davon aus, dass Spin-offs ungeachtet des Marktumfelds zu erwarten sind. Abzuwarten bleibt, ob sich das IPO-Fenster in der zweiten Jahresh?lfte wieder ?ffnen wird.

Diese Studie der SMI Expanded Unternehmen geht der Frage nach, wie die Nachhaltigkeits-berichterstattung in den gr?ssten Schweizer Unternehmenbereits verankert und ausgestaltet ist. Sie gibt erste Hinweise darauf, ob und wie das Thema in Zusammenhang mit der gegenw?rtigen Covid-19-Krise an Bedeutung gewinnen oder verlieren wird.

Ernst & Young AG is pleased to announce the Q1 2020 edition of the EY Valuation Market Essentials, the publication with relevant market data for Switzerland, incl. analyses for the banking and insurance industry.

Z?rcher Kantonalbank is selling Swisscanto Vorsorge's second pillar pensions administration business to PFS Pension Fund Services in a deal that will create a CHF 15bn (EUR 14bn) provider. Z?rcher Kantonalbank is taking a 20% stake in PFS and “will remain closely connected to the business,” it said. In a statement, the two parties said the combination of the businesses would allow for benefits of scale. The combined business would have around 80 employees and 60 pension provider clients with CHF 15bn AuM.

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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

Wednesday, 27 May 2020, Webinar

In a series of webinars, we examine how COVID-19 is affecting private equity investors. This webinar will take a deep dive on how the current pandemic is affecting Limited Partners and what will be their strategies going forward.

Erfolgreiche Gr?nder/innen geben Praxistipps und teilen ihre Herausforderungen im Bereich Compliance bei der Gr?ndung oder Aufbau ihres Unternehmens. Zudem pitchen Anbieter von digitalen Services, Rechtsberater/innen und Finanzierungsprogramme zu Compliance Themen.

8 & 9 October 2020, M?nchen

We are delighted to be partnering with the leading regional conference focused on private debt investment for investors in the DACH region and wider Europe, the PDI Germany Forum, on 8-9 October in Munich. SECA members save 10% by using the exclusive discount code Germany20-SECA.

25. November 2020, Schaan

Der Investor Summit Liechtenstein vernetzt seit zehn Jahren Investoren und Entscheidungstr?ger mit innovativen Startups und Wachstumsunternehmen. Die n?chste Ausgabe am 25. November 2020 bietet zwei Top-Speaker: Der bekannte Investor Carsten Maschmeyer, Gesch?ftsf?hrer der Maschmeyer Group und Mentor in der TV-Sendung „H?hle der L?wen“, und S.D. Prinz Max von und zu Liechtenstein, CEO der LGT Group, geben exklusive Einblicke in ihre Investmentt?tigkeit.

Der Ticketpreis betr?gt 290 Franken. Early-Bird-Tickets sind bis zum 31. Mai zum Preis von 230 Franken erh?ltlich (begrenztes Angebot).

2 December 2020, Z?rich

The 10th Anniversary of the Swiss Private Equity Conference provides the most unrivalled networking opportunities in the Swiss Private Equity market. On May 14th, 2020, Limited Partners, General Partners and CxOs will meet in Zurich for a day focused on deal origination. Join us and meet the top of the private equity community. Our network has access to an exclusive promotional code SECA_Loyalty for you to secure your ticket at a 20% discount. For more information, please contact info@pe-insights.com.

• Private Markets & Cryptovalley
  October 2020
• SECA Evening Event – VC's on Stage (D/E)
  Mittwoch, 28. Oktober 2020, Z?rich

SECA Education

• SECA Trainings Romandie (F)
  Cycle de sept formations, ISFB, Carouge
• SECA Seminare/Webinare: Private Markets
  ?Diverse Daten Bern, Genf, Rotkreuz, Z?rich
• 3. SECA Workshop Venture Capital (D)
  Herbst 20 oder Fr?hling 21, Niederer Kraft Frey, Z?rich
• 9. SECA Private Equity Workshop
  6./7. & 20. November 2020, Z?rich

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

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 3'000 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.

With this ‘Private Equity at Work' report, Invest Europe is, for the first time, providing detailed evidence and analysis of the European private equity industry's contribution to employment and job creation in Europe. Over time, our data will expand to create a comprehensive picture of our industry's contribution to jobs, and the economy that those jobs support.

Dienstag, 20. Oktober 2020, Online

Infrastruktur-Anlagen sind aus Pensionskassen-Sicht nicht mehr alternative Anlagen, aber auch keine Immobilien- oder Aktien-Anlagen. Es handelt sich um eine eigene Anlagekategorie. Der Bundesrat hat zum Thema BVG-Anlagevorschriften die entsprechende Verordnung in BVV2 Art. 53 Abs. 1 Bst. d – wie von uns erhofft – aktualisiert. Sie tritt per 1. Oktober 2020 in Kraft. In diesem Webinar erl?utern wir die Thematik und was es f?r Pensionskassen bedeuten wird.

Mittwoch, 28. Oktober 2020, Online

Dieser SECA Event pr?sentiert die Schweizer Manager und diskutiert Opportunit?ten, Herausforderungen und blickt in die Zukunft.
Bitte beachten Sie, dass alle physischen Pl?tze vergeben sind. Die Online-Teilnahme ist weiterhin m?glich. Melden Sie sich jetzt an.

Diverse Daten - Bern, Genf, Rotkreuz, Triesen, Z?rich: Wir haben noch Pl?tze in Triesen/LI (3. November) und Rotkreuz (5. November) frei. Melden Sie sich jetzt an.

Institutionelle Investoren k?nnen Private Markets nutzen, um ihre Rendite zu steigern und durch zus?tzliche Diversifikation ihr Risiko zu optimieren. Doch wie funktionieren Investitionen in Privatmarktanlagen? Das SECA Seminar gibt einen Einblick in diese breite, vielf?ltige Anlageklasse. Sollte eine physische Durchf?hrung nicht m?glich sein, ziehen wir eine Online-Durchf?hrung in Betracht.

Tuesday, 24 November 2020, online

Building a robust portfolio of Private Equity assets requires a long-term mind-set as well as an appreciation for the ever-changing opportunity set dictated by global mar-kets. While academic research and performance ranking tables give insights into what has occurred in previous environments, investors must make decisions today, in the face of new uncertainties. This SECA webinar, offered in cooperation with employee-owned Neuberger Berman, provides insights drawn from decades of practical experi-ence and on-the-ground global engagement. Long-term commitment to the asset class is balanced with capital efficient, tactical opportunities and an integration of ESG value creation.

As well as generating more jobs on average than other Swiss start-?ups, ETH spin-?offs are also acquired more frequently. A decisive factor, according to University of St.Gallen's comprehensive analysis, comes from the institutional support for entrepreneurship.

Switzerland defies the adverse economic conditions. In the first nine months, more new companies were founded than ever before. A total of 33,617 new companies were founded in the first three quarters of 2020, an increase of +2.5% compared to the record year 2019. In which cantons were the most start-ups established? This is shown by the IFJ's national analysis. Zug is by far the leader with 13.7 start-ups per 1,000 residents, followed by the cantons of Schwyz, Appenzell Innerrhoden, Geneva and Basel-Stadt.

Redalpine is happy to announce their investment in Razor and share the C-Level developments of N26 and Aktiia.

Wir freuen uns sehr, heute die j?ngste Investition des Spicehaus Swiss Venture Funds bekanntzugeben: Kido Dynamics. Kido Dynamics hat eine Software zur Analyse von Mobilfunkdaten entwickelt, um dadurch die menschliche Mobilit?t in einer verallgemeinerten Form darzustellen. Das Lausanner Unternehmen ist ein Spin-off der EPFL und verwendet zur Big-Data-Analyse hochkomplexe Modelle aus der Quantenphysik. Die beiden Hauptvorteile von Kido Dynamics liegen darin, dass sie die h?chsten GDPR-Compliance-Anforderungen erf?llen und die standardisierten Daten direkt von den Mobilfunkanbietern beziehen anstatt ?ber Apps, welche nur bei App-Gebrauch Standortdaten erfassen.

More ventures are achieving unicorn status, and at a faster pace, but many more still aren't realizing their full potential. What's holding them back, and what can change that?

CareerFairy AG, a Swiss technology company, today announced the issuance of a convertible loan over CHF 425,000. The loan was subscribed by some members of the StartAngels Network, Zurich and other Swiss business angels. Peter Pfister, former CFO of Adecco and Business Angel of the Year 2009, Urs Ernst, former CFO of Bank Vontobel and Fabio Magagna, serial entrepreneur and product manager at Google Switzerland have joined the board of directors.

This summer, PitchBook ran a survey seeking the views of investors and their advisers on the fast-developing space of sustainable investment. We received hundreds of responses from around the globe, creating a unique snapshot of the state of ESG and impact investing, as well as how the sector has evolved since our previous survey in 2016.

The coronavirus pandemic has dealt a disproportionate blow to female business owners in the US, and 2020 is shaping up to be one of the worst investment years since 2017 for startups led by women. We broke down the data and spoke with a few women in the VC space to explore some of the factors contributing to the funding decline.

EBAN is pleased to invite its community to fill out a survey by the London School of Economics on the impact of startup risk. 
The survey will measure the effects that risk mitigation has on investors' willingness to invest in startups. This study, which EBAN is proud to support as a dissemination partner, will serve as a bridge between the early stage market and the scientific community. If you are an early stage investor or investment representative, please consider contributing to the survey by following the link below.

The TOP 100 Swiss Startup Award ranking has become a benchmark in Switzerland's startup ecosystem. To make sure the startups get all the attention they deserve, we will feature the top startups in each vertical—up next is biotech.

Read the latest news from btov here.

CareerLunch will den Rekrutierungsprozess ver?ndern. Die Startup-Plattform careerlunch.com bringt Arbeitssuchende und Mitarbeiter von Unternehmen zu einem virtuellen oder pers?nlichen informellen Mittagessen zusammen. Stellensuchende lernen Unternehmen und ihre Kultur authentischer kennen, w?hrend die Arbeitgebende pers?nliche Verbindungen zu Topkandidaten herstellen und gleichzeitig ihren Talentpool vergr?ssern k?nnen. CareerLunch wird die Venture-Kick-Finanzierung nutzen, um seine Position in der DACH-Region zu st?rken und neue M?rkte in Europa zu erschliessen.

Spotify Technology SA co-founder Daniel Ek will invest 1 billion euros ($1.2 billion) of his personal assets to fund early-stage European startups.

Zum f?nften Mal hat BILANZ in Zusammenarbeit mit Handelszeitung, Le Temps und Digitalswitzerland die 100 wichtigsten K?pfe der Schweiz gek?rt, die die Digitalisierung im Land vorantreiben (sortiert nach Kategorien).

Talking of the NORDICS, let us share the lists of the top Swedish and Finish startups to follow in 2020 - an overview prepared by Sifted magazine, backed by the Financial Times. Spotify, Skype or one of Europe's startup events Slush have origin in these countries, but who are next generation of talents to look out for? Check out the 2 articles that list selected companies based on 'the money they have raised, how quickly they are hiring and how formative they have been to the startup ecosystems around them'. 

HZ Insurance hat um ein Kurzvideo gebeten und gefragt: Wer seid ihr, wie heisst eure Innovation und weshalb glaubt ihr den Innovationspreis zu gewinnen?

HZ Insurance, das Institut f?r Versicherungswirtschaft der Universit?t St. Gallen, der Schweizerische Brokerverband SIBA, die Swiss Association of Insurance and Risk Managers SIRM und das Pru?fungs- und Beratungsunternehmen EY Schweiz sowie erstmalig Microsoft Schweiz, verleihen am 12. November 2020 den 22. Innovationspreis der Schweizer Assekuranz.

The 10th-anniversary edition of the TOP 100 Swiss Startup Award celebrated Switzerland's best startups: Cutiss (1st), Wingtra (2nd), and Piavita (3rd) were the top picks of the expert jury, while Acatena won the TOP 100 Public Voting. A selected audience of 100 startups, 100 investors, and key partners of the TOP 100 were present at the event, and for the first time, the award show was live-streamed. The 10th-anniversary edition of the TOP 100 Swiss Startup Award was presented in partnership with Credit Suisse, SVC, Swiss Prime Site, SECA, and digitalswitzerland.

Venturelab pr?sentiert stolz das neue Team ambitionierter Schweizer Fintech-Startups, welche dabei sind, ihre internationale Pr?senz und ihr Wachstum voranzutreiben. Im November f?llt der Startschuss f?r die Venture Leaders, welche in die Fussstapfen erfolgreicher Alumni treten: Die Schweizer Fintech-Nationalmannschaft wird an der virtuellen Ausgabe der Hong Kong Fintech Week, der weltweit ersten grenz?berschreitenden Fintech-Konferenz, teilnehmen. Dies ist die vierte Ausgabe der Venture Leaders Fintech Roadshow.

SSRN survey over 1,000 institutional and corporate venture capitalists (VCs) at more than 900 different firms to learn how their decisions and investments have been affected by the COVID-19 pandemic.

With 21% of all young innovative companies in Germany, green startups are now a key economic factor. With their innovative products and services, they are striving to solve the major sustainability challenges of our time in an effective and entrepreneurial manner – including the energy transition, climate protection, the reduction of plastic in the world's oceans as well as the realization of a sustainable circular economy.

Der Schweizer Private Equity Manager Flexstone Partners, eine Tochtergesellschaft von Natixis Investment Managers, lanciert in der Schweiz das Programm Swiss Select Opportunities. Diese neue Initiative soll die lokale Wirtschaft und insbesondere Wachstumsunternehmen mit Sitz in der Schweiz unterst?tzen. Die Lancierung ist Teil einer Partnerschaft mit dem Centre Patronal und der Pensionskasse des Kantons Genf, um lokale Technologieunternehmen mit Schweizer Kapital zu finanzieren und die Entwicklung des Ecosystems zu f?rdern.

Mit dem Zusammenschluss der Frische und Service GmbH und der Ceposa AG entsteht unter dem Dach der Tavola Holding AG einer der f?hrenden Antipasti Produzenten in Europa. Ausserdem wird das Direktbeteiligungsteam von Verium mit Rogier Engelsma als zuk?nftigen Co-Head massgeblich verst?rkt.

Der Hamburger Logistik-Assetmanager Solvium Capital bringt die Assets „Schiffscontainer“ und „Wechselkoffer“ auf den Schweizer Markt. Erm?glicht hat das eine neu geschlossene Partnerschaft mit dem erfolgreichen Z?rcher Verbriefungsspezialisten GENTWO.

Die BID Equity-Beteiligung myneva Group ?bernimmt den Softwareanbieter SWING Gesellschaft f?r EDV-Systeml?sungen mbH mit Firmensitzen in Freiburg (Brsg) und Sursee (Schweiz).

Spice Private Equity Ltd. ("Spice PE") announces its 2020 Semi-Annual Report. For the six-month period ended 30 June 2020, Spice PE registered a net loss of USD 58.5 million, driven by unrealized fair market value changes in the investment portfolio. The Net Asset Value of the company totaled USD 124.9 million as of 30 June 2020.

What General Partners Need to Know About Their Investors

Each year SS&C Intralinks, in partnership with Private Equity Wire, polls limited partners (LPs) worldwide for an insider's view of their sentiments toward their current funds, how they select general partners (GPs), and allocation plans for the coming 12 months. This year, we surveyed more than 196 investors globally and published the findings in the SS&C Intralinks 2021 LP Survey. Now the full report – complete with context, insights and interviews with leading LPs – is available. Get your copy now to learn what LPs are planning in the coming year, and get up-to-date.

Historic magnitude of dislocation in private credit markets due to COVID-19 and the potential opportunity set going forward.

There is no doubt that news surrounding COVID-19 and the heightened volatility in the publicly traded markets due to this global pandemic have captivated nearly everyone's attention in recent months. The private credit markets, which tend to be less thoroughly discussed, are similarly dealing with unprecedented dynamics. Over the past months, we have engaged with our partners—in a “socially distanced” manner— in hundreds of calls with the participation of portfolio companies, private equity sponsors, banks, law firms and industry experts—as well as our own investors. In this paper Benefit Street Partners outline the historic magnitude of the dislocation, provide a summary of discussions and key observations that we have shared with those partners. Finally, we share our view on what might be in store for the future of private credit. While the steadfast protection of our existing investments is at the forefront of our thinking, we are also enthusiastic about the potential opportunities that have been created for well-capitalized private debt managers. Benefit Street Partners L.L.C., a wholly owned subsidiary of Franklin Templeton, is a leading credit-focused alternative asset management firm established in 2008, managing assets across a broad range of complementary credit strategies.

Stock in Polish ecommerce specialist Allegro shot up nearly 63% during its first day of trading on the Warsaw Stock Exchange, giving the company a market cap of nearly $19 billion.

Die Corona-Krise hat die Investitionen von Beteiligungs-Gesellschaften gebremst. Nach Angaben des Bundesverbands Deutscher Kapitalbeteiligungsgesellschaften (BVK) sanken die Investitionen von Private Equity-Gesellschaften im ersten Semester auf EUR 5.7 Milliarden (-16%). Angesichts der Pandemie blieb das Investitionsniveau robust auf der Ebene der Jahre 2017 und 2018. Der Markt f?r Venture Capital entwickelte sich weiterhin stark. Er stieg gegen?ber dem Vorjahres-Semester von EUR 867 Millionen auf EUR 1.02 Milliarden. Seed Capital brach zusammen, Early Stage nahm deutlich zu (auch die F?lle), Later Stage blieb stabil.

Quadia is pleased to announce its participation in the financing round of the French network of grocery stores that are saving food-waste, Nous Epiceries Anti-Gaspi. Quadia is investing through its fund focused on the regenerative economy launched in cooperation with the Belgian Bank Degroof Petercam. The investment is realized together with aligned investors Eutopia and Danone Manifesto Ventures, alongside the current majority shareholder Phenix.

EQT is pleased to announce that the EQT Real Estate II fund (the “Fund”) has held its final close at its hard cap of EUR 1 billion in fee-paying assets under management. Demand from both existing and new investors was robust, with commitments into the Fund coming from a diversified group of investors across Europe, the Nordics, Asia, North America and the Middle East.

Nutella-maker Ferrero has agreed to buy Britain's Fox's Biscuits, looking to expand its cookie business in Europe and take advantage of increased consumption as many Britons work from home.

Alibaba Group Holding Ltd. agreed to buy as much as a 9.99% stake in Dufry AG, giving the Swiss duty-free giant a lifeline as the pandemic hammers the business.

Nordic Capital announced the successful final close of Nordic Capital Fund X (“Fund X” or “the Fund”), at EUR 6.1 billion (including GP commitment of 6.5%). The Fund, launched in April 2020, was oversubscribed at its hard cap, and was raised in less than 6 months in a groundbreaking remote capital raise without holding any face-to-face meetings. This is the largest fund that Nordic Capital has raised since its inception in 1989 and surpasses its 2018-vintage Nordic Capital Fund IX which raised EUR 4.3 billion (including GP commitment).

COVID-19 continues to adversely affect economies globally. With the full extent of its impact still uncertain, we reached out to the PE community to learn more about their perspectives on the impact of the pandemic on PE markets in their respective regions.

Capital Dynamics, an independent global private asset management firm, announced that its Clean Energy Infrastructure (CEI) business has entered into an agreement to acquire interests in three solar photovoltaic (PV) projects from LS Power. The transaction is subject to customary regulatory approvals and is expected to close in the fourth quarter of 2020.

Schroders, the UK's largest listed asset manager, has acquired London-based family office Sandaire as part of its wider push into the wealth management arena.

Ardian, a world leading private investment house, today announces it has raised €2 billion for its latest Expansion fund, Ardian Expansion Fund V. Despite a backdrop marked by the Covid-19 outbreak, Ardian has doubled the size of its previous fund in six months, highlighting investors' continued interest in European high-growth mid-sized companies.

Pureos Bioventures today announced its investment in LAVA Therapeutics. LAVA is a Utrecht, the Netherlands and Philadelphia based biotech company, focusing on the development of bispecific antibodies to engage gamma-delta T cells for cancer therapies.

Die Private Equity Firma Cinven Group bereitet ein Listing des deutschen Labordiagnostikdienstleisters Synlab (mit Sitz in M?nchen) vor. Gekauft hat sie die Firma vor 5 Jahren. Angestrebt werde ein IPO in der ersten Jahresh?lfte 2021. Ein direkter Verkauf an ein anderes Unternehmen k?nne nicht ausgeschlossen werden, aber aus wettbewerbsrechtlichen Gr?nden d?rfte dies wohl kaum Unilabs sein, die von APAX gehalten wird. Synlab f?hrt u.a. Corona-Tests durch und hat k?rzlich einen Grossauftrag von der Uefa erhalten.

European PE deal volume came roaring back in Q3 2020, as dealmakers shifted focus to offence and were selectively aggressive in certain parts of the economy. The re-opening of leveraged lending markets, elevated dry powder levels, and resilience shown in the lower end of the market contributed to the uptick in deal volume. That said, deal activity is still considerably shy of pre-pandemic figures, and we expect a multi-year recovery that will be choppy, uneven, and uncertain, with diverging trends across regions and asset classes due to COVID-19. Exit counts are pacing towards a 10-year low, while fundraising activity gained considerable momentum in the third quarter, putting 2020 on pace for its second-highest capital-raised total in a decade.

Nach einem schwierigen, von Unsicherheit gepr?gten Fr?hjahr, setzte im zweiten Quartal schrittweise eine Aufhellung der Marktsituation ein und mit dem Abflachen der Volatilit?t kam wieder mehr Schwung in die globalen IPO-M?rkte. Mit der weiteren konjunkturellen Erholung im dritten Quartal nahm die IPO-Aktivit?t weltweit verglichen mit dem Vorquartal nochmals deutlich zu: So fanden von Juli bis September in Europa und Nordamerika ?ber 190 Transaktionen mit einem Gesamtvolumen von rund CHF 62 Milliarden statt. Bemerkenswert ist dabei die starke Zunahme von B?rseng?ngen von Special Purpose Acquisition Companies (SPACs) in Nordamerika. Mit beinahe 80 SPAC-IPOs machten die B?rseng?nge solcher Mantelgesellschaften fast die H?lfte aller Neuzug?nge in Nordamerika im dritten Quartal aus.

Die Spin-Offs von V-Zug und Ina Invest im Juni liessen Hoffnung auf weitere Schweizer B?rseng?nge in der zweiten Jahresh?lfte aufkeimen. Im dritten Quartal ist jedoch kein weiterer B?rsengang an der SIX Swiss Exchange hinzugekommen. Angesichts der Risiken im Zusammenhang mit dem Coronavirus im Winterhalbjahr sowie dem unsicheren Ausgang der US-Pr?sidentschaftswahl muss gem?ss Andreas Neumann, Leiter Equity Capital Markets bei der Z?rcher Kantonalbank, davon ausgegangen werden, dass sich das IPO-Fenster f?r dieses Jahr allm?hlich schliessen wird.

The £1.9 billion (around $2.5 billion) IPO of ecommerce platform The Hut Group in September showed that successful technology listings are still possible in the UK's languid IPO market, raising hopes that pandemic-proof companies will pave the way for a comeback.

In the face of COVID-19, the five attributes of the undisruptable CEO become more relevant than ever in helping organizations manage through the crisis and emerge stronger on the other side.

The Swiss Biotech Success Stories illustrate the valuable accomplishments and honor those who have made important and sustainable contributions to the biotech industry in Switzerland. The recognition is awarded annually and reflects the diversity and variety of this industry sector.

We are pleased to send you the "Corporate Governance 2020 – Switzerland" report, recently published in the Chambers Global Practice Guide on Corporate Governance featuring 30 jurisdictions practiceguides.chambers.com.

In 20%+ of our deals, earn-outs and put/call options were part of the final transaction structure.

Dies ist der M&A Monitor DACH H1-2020, einer Untersuchung von Dealsuite. Sie enth?lt Zahlen und Trends zum DACH KMU M&A Markt (Unternehmen mit einem Umsatz von 1 bis 50 Millionen Euro). Dealsuite ist eine internationale Plattform f?r M&A Transaktionen. Mit diesem M&A Monitor wollen wir zu einem besseren Verst?ndnis des KMUMarktes beitragen, was unserer Meinung nach zu mehr und besseren Closings f?hren wird.

• Private equity investment manager - Zurich
• Private equity specialist Family office – VP Level - Zurich
• Partner Small & Mid Cap – Zurich

UR Capital provides Executive Search, Recruitment and Human Resources Consulting Services. Their consultants' expertise covers the Real Estate, Financial Services, Human Resources, Tax & Legal, Biotech & Life Science, Start-up and Venture Capital. Because we are a global digital consultancy we offer competitive services.

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

Wednesday, 21 October 2020, 3pm (GMT+1)

Each year SS&C Intralinks polls limited partners (LPs) worldwide for an insider's view of their sentiments toward their current funds, how they select general partners (GPs), and allocation plans for the coming 12 months. This year, they have surveyed more than 196 investors globally and published the findings in the SS&C Intralinks 2021 LP Survey. Now the full report – complete with context, insights and interviews with leading LPs – is available. Join us as we delve into the findings, provide analysis of the results and insight into how this could affect the financial landscape going into 2021 and beyond.

17 - 20 November 2020, online

1,400+ attendees. 450+ LPs. 600+ GPs. The global meeting place for private equity LPs and GPs. New challenges. Fresh perspectives.
Join us as we reflect on the past year and compare the views of the industry's leading lights on projections for 2021.

SECA Member receive 10% discount (ask us for the code).

Mittwoch, 21. Oktober 2020

Am Mittwoch, 21. Oktober 2020 organisiert die Austria Wirtschaftsservice Gesellschaft mbH gemeinsam mit den AplusB Verein den j?hrlich stattfindenden Austrian Business Angel Day, welcher dieses Jahr digital sein wird.

20 - 22 October 2020, online

A 3 Day Virtual Event for Private Equity & Venture Capital Industry Professionals to Navigate You Through the Post-Covid19 and Post-Brexit PE Market

Tuesday, 24 November 2020, Lugano

The LFF – Lugano Finance Forum (formerly Lantern Fund Forum)  is the tenth edition of one of the most important event focused on Asset Management, Alternative Investments (Real Estate, Gold, Art, PE & VC, Blockchain, Cryptocurrecies …) and Fundamental Analysis, organized in Switzerland and Northern Italy. The forum will host a number of specialized conferences and an exhibition area.

25. November 2020, Schaan

Der Investor Summit Liechtenstein vernetzt seit zehn Jahren Investoren und Entscheidungstr?ger mit innovativen Startups und Wachstumsunternehmen. Die n?chste Ausgabe am 25. November 2020 bietet zwei Top-Speaker: Der bekannte Investor Carsten Maschmeyer, Gesch?ftsf?hrer der Maschmeyer Group und Mentor in der TV-Sendung „H?hle der L?wen“, und S.D. Prinz Max von und zu Liechtenstein, CEO der LGT Group, geben exklusive Einblicke in ihre Investmentt?tigkeit.

Der Ticketpreis betr?gt 290 Franken. Early-Bird-Tickets sind bis zum 31. Mai zum Preis von 230 Franken erh?ltlich (begrenztes Angebot).

Wednesday, 25 November 2020

A Virtual Event for Private Equity & Venture Capital Industry Professionals - Learn from dedicated discussion panels, get inspired by unique keynotes, and join breakout sessions where you can network with other professionals from the field. Benefit from this unique chance to maximize your business opportunities in the PE industry!

Wednesday, 2 December 2020, Z?rich

The 10th Anniversary of the Swiss Private Equity Conference provides the most unrivalled networking opportunities in the Swiss Private Equity market. On May 14th, 2020, Limited Partners, General Partners and CxOs will meet in Zurich for a day focused on deal origination. Join us and meet the top of the private equity community. Our network has access to an exclusive promotional code SECA_Loyalty for you to secure your ticket at a 20% discount. For more information, please contact info@pe-insights.com.

Mittwoch, 10. M?rz 2021

An der Startup Konferenz 2021 geben euch erfolgreiche Gr?nder/innen Einblick in Stolpersteine w?hrend oder nach der Gr?ndung. Vertreter verschiedener Branchen sind vor Ort und zeigen, weshalb es sich lohnt, Compliance Themen im Startup rechtzeitig aufzunehmen. Wir beantworten Schl?sselfragen, die jedes Startup besch?ftigen.

• SECA Webinar: Infrastruktur - per 1.10.2020 eine neue Anlageklasse (BVV2)
  Dienstag, 20. Oktober 2020
• SECA Evening Event – VC's on Stage (D/E)
  Mittwoch, 28. Oktober 2020, Z?rich
• SECA Seminare/Webinare: Private Markets
  ?Diverse Daten Bern, Genf, Rotkreuz, Vaduz, Z?rich
• SECA Webinar: Building a Private Equity Portfolio today
  Tuesday, 24 November 2020
• 3. SECA Workshop Venture Capital (D)
  Fr?hling 21, Niederer Kraft Frey, Z?rich

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

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.

Wednesday, 17 June 2020, 16:00 – 17:00 (CET)

How does venture capital as an asset class behave during crises, and what have we learned from 2000 and from 2009? How can investors benefit from the current boost in digital transformation? This SECA webinar provides insights from experienced investors and addresses how to invest in the current environment.

Speakers:
Keynote: Christophe de Dardel, Head Private Equity, Unigestion / Elisabeth Bourqui, former COIO of CalPERS, CEO of BERG / Diego Braguglia, Partner, VI Partners / Andreas Goeldi, Partner, btov Partners / Michael Sidler, Partner, Redalpine / Teddy Amberg, Partner, Spicehaus Partners (Moderator)

Tuesday, 30 June 2020, 11:00 – 12:00 (CET)

Listed private equity is probably the easiest way for a private investor to invest in private equity. Traditionally, private equity investments were only open to selected investors who controlled a certain investment volume and who met the legal and organisational criteria. Last year, Listed Private Equity generated a return of over 45 per cent. But Listed Private Equity wasn't spared from the corona crash either. Is it a good time to invest now? What are the current value drivers? How to find attractive investment opportunities? This SECA webinar, offered in cooperation with LPX, provides insights into this asset class.

Speakers:
Dr. Michel Degosciu, Managing Director, LPX Group / Dr. Andreas Wicki, CEO, HBM Healthcare Investments AG / Kristof Vande Capelle, CFO, Gimv / Dr. Maurice Pedergnana, SECA (Moderation)

Nous offrons aux membres et non-membres un cycle de sept formations con?ues pour un large public, allant des nouveaux entrants dans les m?tiers du private equity aux pro-fessionnels plus ?tablis, mais aussi aux charg?s 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.

• Convention d'actionnaires
  Mercredi 24 juin 2020, 14:00-18:00, Borel & Barbey, Gen?ve
• Management package
  Vendredi 26 juin 2020, 14:00-18:00, Borel & Barbey, Gen?ve
• Lev?e de fonds
  Vendredi 3 juillet 2020, 09:00-17:30, ISFB, Carouge
• Private equity pour le middle & back office
  Mercredi 8 juillet 2020 au matin & vendredi 10 juillet 2020 dans l'apr?s-midi - formation en ligne

Diverse Daten - Bern, Genf, Rotkreuz, Vaduz, Z?rich und am 1. Juli 2020 Online.

Institutionelle Investoren k?nnen Private Markets nutzen, um ihre Rendite zu steigern und durch zus?tzliche Diversifikation ihr Risiko zu optimieren. Doch wie funktionieren Investitionen in Privatmarktanlagen? Das SECA Seminar gibt einen Einblick in diese breite, vielf?ltige Anlageklasse.

The Swiss Private Equity & Corporate Finance Association (SECA), the representative body for Switzerland‘s private equity, venture capital and corporate finance industries, has formally launched a working group to provide a platform to share knowledge, promote education and foster networking opportunities for industry professionals active in Private Markets in Liechtenstein on 8 April 2020. Given the size and continued growth of Private Market investments in Liechtenstein, SECA herewith satisfies the rising interest across the Liechtenstein investment community for a deeper understanding and familiarisation of Private Markets for their existing and steadily growing member pool - but also beyond. 

With the past and future planned regulatory changes, implemented to develop the alternative investment environment in Liechtenstein, SECA is uniquely positioned to meet the increased demand for a deeper level of understanding and representation for the fast-moving Private Markets sector in Liechtenstein. The Liechtenstein working group, which will be co-led by Claudio Tettamanti, partner at PricewaterhouseCoopers GmbH in Liechtenstein, as well as Wolfdieter Schnee, Head of Fund Consulting and Client Services as well as Member of the Extended Executive Board at VP Fund Solutions (Liechtenstein) AG and will be operationally kicked off with education and networking events after the summer holiday season.

• Manche US-Startups kosten jetzt bis zu 70 Prozent weniger 
• Milliarden-Deal f?r deutschen Risikoinvestor Earlybird

The SICTIC Investment Report 2020 is now available for download! Get insights into the SICTIC growth, its investor community investment preferences, SICTIC Portfolio startups, and learn from the guest articles.

From 192 submitted projects, the jury picked their five winners and awarded each of them with a prize of CHF 100,000. Four out of five winners are Cleantech startups, a reflection of the high percentage of submissions by this sector this year. These companies have the potential to make the rebuilding process of the Swiss economy more environmentally friendly after Covid-19.

Freitag, 10.07.2020, digital

Der Business Angel Summit bringt ?sterreichisches Spitzen-Know-how und private finanzielle Unterst?tzung zusammen. Potenzielle Investor*innen erhalten einen pers?nlichen Einblick in den brandaktuellen Dealflow an Innovationen der heimischen Start-up-Szene. Angel Investors haben so die M?glichkeit, junge Unternehmen mit neuen Technologien und Dienstleistungen und hohem Wachstumspotenzial kennenzulernen und ihr Geld in die besten Projekte zu investieren. Zehn ausgew?hlte Start-ups pitchen am 10.7.2020 live auf den Screens der nationalen und internationalen Investorenszene. Nach den Pitches k?nnen individuelle Gespr?che zwischen Start-ups und Investor*innen gef?hrt werden. Vor den Start-up Pitches teilt Markus Fuhrmann, der Gr?nder von Delivery Hero, seine Erfolgsgeschichte mit allen G?sten.

Since mid-May 2020, applications for financial support can be made by Austrian start-ups to the COVID-19 Start-Up Assistance Fund.

With this assistance fund, innovative start-ups established no more than five years ago may receive a grant for private investments made since the coronavirus outbreak began. If a start-up receives new equity capital or equity-like contributions from investors of at least EUR 10,000, these funds are then doubled by a grant. The subsidy must be repaid in the event that the company makes a profit. The volume of the total grant is EUR 50 million, and jointly with private capital from investors, EUR 100  million of fresh capital may be raised. Technically, the company and the start-up fund enter into a private agreement regarding the granting of a subsidy, if the fund accepts the application.

This emerging tech research report includes market maps of VC-backed companies, business model descriptions, and an overview of key investors and acquirers within the information security (infosec) industry. It segments infosec into key product categories, analyzing VC investment trends, recent exits and commercial opportunities in each. The report also provides an overview of the NIST Cybersecurity Framework and the security technologies that are used to comply with the framework.

BaseLaunch, the Basel Area-based biotech venture accelerator and incubator, and BB Pureos Bioventures, a newly formed Swiss biotech venture capital fund, today announce that Pureos becomes the first venture capital partner of BaseLaunch Phase II, the next phase in BaseLaunch's company building activities.

As a decade of growth in venture capital investment falters amid uncertain economic conditions, one thing remains constant: VCs will keep searching for companies that do business in a way that's never been done before. Venture capital has experienced a boom over the past decade.

“Even the strongest startups will need to be prepared to see some pressure on their valuation,” said Andreas Goeldi, Partner at btov Partners, when we asked him about his take on the valuation of early-stage startups in the foreseeable future. He is not alone in his assessment: Historically, we can expect a drop in deals and valuations after an economic crisis. To better evaluate the situation in Switzerland, we wanted to know what local investors think of the current and future developments. According to the Swiss Venture Insights Report Q1 2020, Swiss venture capital investments in Q1 2020 decreased by CHF 100 million, compared to Q1 2019. The unpredictability of the impact of COVID-19 on the economy and the restraint of investors present startups with a difficult outlook.

Vara, a Berlin-based startup with Swiss roots that's developed breast cancer screening software, has raised a EUR 6.5m Series A round led by OMERS Ventures. Merantix, Think.Health, Soleria Capital, and Silicon Valley-based Plug and Play also participated. Bryony Marshall of OMERS Ventures will join the board.

To understand the impact of the pandemic on global venture funding, we took a look at comparative trends for the first four months of each year from 2016 through to 2020.

NEOU, a startup that describes itself as the “Netflix of fitness,” raised USD 5m in fresh capital from investors including Ares Management. The round valued the company at about USD 40m. It has more than 50,000 paying customers in over 65 countries.

Scandit, the leading technology platform for mobile computer vision and augmented reality (AR) solutions for enterprises, today announced it has raised $80 million in Series C related funding led by G2VP, a Silicon Valley venture capital firm of former Kleiner Perkins partners. They were joined by Atomico, GV, Kreos, NGP Capital, Salesforce Ventures and Swisscom Ventures. Scandit has previously raised $43 million.

Mit der Kooperation und Investition in die digitale Plattform f?r Hausreinigungsdienstleistungen «Batmaid» baut die Baloise ihre Angebotspalette im ?kosystem «Home» weiter aus. Batmaid erm?glicht Kunden innerhalb einer Minute, versichertes und qualifiziertes Reinigungspersonal online anzustellen. Die Investition in Batmaid ist nach Devis.ch, Bubble Box und MOVU bereits die vierte Beteiligung der Baloise im Aufbau ihres ?kosystems «Home».

UBS Group AG is setting aside hundreds of millions of dollars of its own money to invest in fintech companies, joining peers in financing startups that are upending traditional banking. The Swiss wealth manager is planning a corporate venture capital fund to make investments between USD 10m and USD 20m in dozens of companies, according to a person familiar with the matter. UBS plans to hold the stakes for at least five years.

A new fund advised by VI Partners Swiss Innovation fund (VIPSI) made a first closing in April 2020 with CHF 75m (EUR 71m). It has been supported by its anchor investors Venture Incubator, an evergreen investment structure with corporate investors (ABB, B?hler, Cr?dit Suisse, ETH, Hilti, McKinsey, Nestl?, Schindler, Sulzer, Suva, ZKB), the European Investment Fund (EIF) - under the Innovfin Equity Facility for Early stage backed by the European Commission's Horizon 2020 Programme for Research and Innovation - and the Swiss Entrepreneurs Fund (Swiss Entrepreneurs KmGK).  The final closing should take place in the course of 2021.

Systemcredit builds a supermarket for loans targeted to small and medium size businesses. It focuses on the 200'000 creditworthy Swiss SME that have a total financing needs of CHF 36bn annually and face difficulties to access the lending market. With its MVP its achieved CHF 15m in financings and has secured Monthly Recurring Revenues with 40 clients served by 19 lenders. Systemcredit, led by Daniel Christen, is now raising a Seed Round to further automate our customer journey (front end) and scale-up on the market traction already demonstrated. The round will by raised via a convertible loan for a total of CHF 1.0m to be converted by end of 2020. It the short term (before summer) the company seeks CHF 500K.

Alaya, a leading Software-as-a-Service provider of purpose-driven employee engagement solutions, announces a CHF 2.0 Mio financing led by BackBone Ventures. The round is joined by investiere, a Swiss family office, Gentian Investments, and experienced business angels.

Since the outbreak of the Covid-19 pandemic, private equity firms have heavily invested private capital in public companies. The downturn in the public equity market could further be a catalyst for leveraged buy-outs of public companies (also called public-to-private or "P2P" transactions). The Schellenberg Wittmer briefing gives an overview of key aspects of these transactions and how they can be structured in practice.

Effective 1 May, Invision together with the experienced founder team of TonerPartner, acquired the operating assets of Planet Sports. The new company will be led by Oliver Garnier, who was previously head of purchasing, retail & marketplace at Planet Sports.

Capital Dynamics has added an onshore wind farm to its UK portfolio with the acquisition of a 23.1MW asset in Northern Ireland. The global asset manager's European Clean Energy Infrastructure business has bought the subsidy-free Castlegore Wind Farm project from ABO Wind NI for an undisclosed sum. The wind farm will commence construction later this year and will be supported by a long-term power purchase agreement once operational. Simon Eaves, managing director and head of European Clean Energy Infrastructure, said: “The UK remains a robust market for our specialised investment platform focused on renewable energy assets.

Ardian erwirbt eine Beteiligung an der Schweizer E-Commerce-Plattform ProduceShop, die auf die Produktion und den Verkauf von Innen- und Aussenm?beln f?r den europ?ischen Markt spezialisiert ist. ProduceShop wurde 2015 gegr?ndet und verf?gt ?ber ein innovatives Vertriebsmodell, welches die Nachfrage europ?ischer Kunden durch den Einsatz von Analyseinstrumenten antizipiert und ihnen darauf aufbauend ein kombiniertes Angebot aus bekannten und eigenen Marken bereitstellt. Mit diesem bislang eigenst?ndig finanzierten Wachstumsmodell konnte die E-Commerce-Plattform ihren Umsatz in weniger als drei Jahren verdreifachen und zudem mehr als 50% der Erl?se in den sehr wettbewerbsintensiven M?rkten Frankreich, Deutschland und Britannien erzielen.

Novo Nordisk (NYSE: NVO) gab heute die Unterzeichnung einer definitiven Vereinbarung zur ?bernahme von Corvida Therapeutics, einem privaten Unternehmen im Portfolio von HBM Healthcare Investments, bekannt.

• Berenberg und Moonfare ?ffnen Anlagen in Private Equity f?r betuchte Kunden 
• Beyond Capital schmiedet neue Optikerkette 
• KKR investiert in neue Rechenzentren in Europa 
• The 'Inconvenient Fact' Behind Private Equity Outperformance
• 401(k) Plans Move a Step Closer to Pooling With Private Equity
• Swedish private equity firm EQT to increase French investments
• 5G Infrastructure Market Size to Reach USD 58.17 Billion by 2025 - Valuates

• For private assets, the pandemic repricing is just getting started 

The PitchBook Private Market PlayBook is a quarterly magazine that covers perspectives, analyst insights and market trends across the capital markets. This edition includes stories on how VCs are gearing up for gloomier times, how to assess the true worth of a fund and a feature that examines how meat and dairy giants are countering recent activity from plant-based startups.

In Europa wuchs das Fundraising f?r VC und PE Fonds auf € 109 Mrd. (+7%) und insgesamt wurden € 94 Mrd. (+ 11%) in Unternehmen investiert (siehe Investing in Europe: Private Equity activity 2019). In ?sterreich hingegen blieben die PE- und VC-T?tigkeiten in 2019 auf niedrigem Niveau.

Die AVCO als Dachverband der ?sterreichischen Private Equity und Venture Capital Industrie publiziert unter anderem auch einen regelm?ssigen Newsletter.

Private equity performance, both for buyouts and venture capital, has been highly cyclical: periods of high fundraising have been followed by periods of low performance. Despite this seemingly predictable variation, we find modest gains, at best, to pursuing realistic, investable strategies that time capital commitments to private equity. This occurs, in part, because investors can only time their commitments to funds; they cannot time when commitments are called or when investments are exited. There is a high degree of time-series correlation in net cash flows even across commitment strategies that allocate capital in a very different manner over time.

Der Corona-Virus Covid19 oder SARS-CoV-2, wie die medizinisch korrekte Bezeichnung lautet, hat sich l?ngst von einer virologischen auch zu einer wirtschaftlichen Pandemie entwickelt. An den Aktienm?rkten sind seit nunmehr drei Wochen drastische Kursabst?rze zu beobachten. Diese haben bei Anlegern reelle Werte vernichtet. Eine Erholung der Aktienwerte ist auch aufgrund der ungewissen Dauer des derzeitigen Zustandes zumindest in der Mittelfrist nicht in Sicht.

European companies, especially those under the ownership of private equity firms, have so far been slow to take government backed loans to help them weather the coronavirus pandemic, according to a report by Moody's Investors Service. State loans for junk-rated companies can be less effective than steps to reduce their cost base because they add to existing debt piles. At the same time it's not always clear which firms can qualify, Moody's said. Another factor is that private equity firms may be less keen for the companies they own to accept the conditions attached to taking state loans, such as having to skip dividend payments, the ratings firm said.

Sectoral Asset Management is happy to announce the final closing of their New Emerging Medical Opportunities (NEMO) Fund IV at USD96mio.

In this edition of the Global Fund Performance Report, our analysts delve into the fund performance of six private capital strategies, from private equity to funds of funds. While the world had not envisioned the effects of a pandemic at the end of September 2019, returns in the private markets had already started to lose their luster. Private capital funds posted positive but diminished one-year returns, well off the highs seen over a year earlier.

The facility, signed with a large syndicate of lenders including BNP Paribas and SEB Group, is the largest of its kind across the global fund finance markets.

Creditgate24-Gr?nder Christoph Mueller und Advanon-Mitgr?nder Phil Lojacono gehen zusammen, berichtet Finews.«Advanon hatte in der Krise bislang keine Ausf?lle, unser Portfolio ist robust», sagte Lojacono. Und Mueller gibt zu verstehen, dass der M?rz f?r Creditgate24 ein Spitzenmonat gewesen sei, «auch wenn die normalerweise f?r das Hauptvolumen verantwortlichen Institutionellen Anleger in einer Schockstarre waren. Aber in der Krise kam das Wachstum aus der Crowd.» Advanon hingegen hat eine schwere Existenzkrise gerade erst ?berwunden. Wie finews.ch berichtet hatte, ging das 2015 gegr?ndete Fintech vergangenen Sommer durch eine harte Restrukturierung, bei der die Belegschaft auf noch 15 Mitarbeiter reduziert werden musste. Im Jahr zuvor war Advanon Opfer eines Betrugsfalles geworden, der Schw?chen im Risikoprozess offenlegte.

Die Spezialistin f?r den Fondsvertrieb ins Ausland gewinnt im Rahmen eines Buyout einen britischen Investor. Gemeinsam hegen Acolin und der neue Partner ehrgeizige Wachstumspl?ne. Die als Dienstleister im Bereich Fondsvertrieb und Regulation t?tige Acolin Fund Services hat einen neuen Partner gewonnen: Im Rahmen eines MBO ist der britische Finanzinvestor Sovereign Capital Partners beim 2006 gegr?ndeten Unternehmen eingestiegen.

All SECA members will receive a copy in this days. The SECA Yearbook is the annual report of SECA. It includes the report from the president as well as a short report about the developments within and the events held by SECA - Swiss Private Equity and Corproate Finance Association. The book is downloadable on our website. To order a hard copy, please visit our book shop.

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

Freitag, 10.07.2020, digital

Der Business Angel Summit bringt ?sterreichisches Spitzen-Know-how und private finanzielle Unterst?tzung zusammen. Potenzielle Investor*innen erhalten einen pers?nlichen Einblick in den brandaktuellen Dealflow an Innovationen der heimischen Start-up-Szene. Angel Investors haben so die M?glichkeit, junge Unternehmen mit neuen Technologien und Dienstleistungen und hohem Wachstumspotenzial kennenzulernen und ihr Geld in die besten Projekte zu investieren. Zehn ausgew?hlte Start-ups pitchen am 10.7.2020 live auf den Screens der nationalen und internationalen Investorenszene. Nach den Pitches k?nnen individuelle Gespr?che zwischen Start-ups und Investor*innen gef?hrt werden. Vor den Start-up Pitches teilt Markus Fuhrmann, der Gr?nder von Delivery Hero, seine Erfolgsgeschichte mit allen G?sten.

Donnerstag, 20. August 2020, 13.20 - 18.00 Uhr

Technologische Innovationen und ein sich wandelndes Kundenverhalten werden den Markt f?r Finanzdienstleistungen in den kommenden Jahren stark ver?ndern. Dies fordert die Innovationskraft von Banken. An dieser Konferenz werden verschiedene m?gliche Entwicklungen aufgezeigt und spannende Ideen von verschiedenen Marktteilnehmern pr?sentiert.

Donnerstag, 27. August 2020, 13.20 - 18.00 Uhr

Im Rahmen der Konferenz werden wir die Ergebnisse der IFZ Sourcing Studie 2020 vorstellen und u.a. aufzeigen, wie Banken und Anbieter die Entwicklung im Sourcing einsch?tzen, wie Banken die Risiken im Sourcing bewerten sowie die Leistungsbeurteilung der Anbieter vornehmen. Auch die Einsch?tzung des Sourcings aus strategischer Sicht - auf der Basis von Interviews mit Verwaltungsratsp?sidentinnen und -pr?sidenten von Schweizer Retailinstituten - wird thematisiert.

Start: 15. Oktober 2020, M?nchen

In Zusammenarbeit mit dem Bundesverband Deutscher Kapitalbeteiligungsgesellschaften (BVK) f?hrt 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 h?chstem akademischen Niveau – mit maximalem Bezug zur unternehmerischen Praxis. Dadurch setzt die TUM School of Management neue Standards in der Private Equity-Ausbildung. Sie schafft dabei einen einheitlichen Qualit?tsrahmen f?r die Weiterbildung der naturgem?? heterogenen Gruppe der Beteiligungsmanager und Investment Professionals, die mit den Anlageklassen Venture Capital und Private Equity in Ber?hrung kommen.

SECA ist Kooperationspartner und SECA Mitglieder erhalten daher 10% Rabatt. Jetzt anmelden und sich einen Platz sichern.

8 & 9 October 2020, M?nchen

We are delighted to be partnering with the leading regional conference focused on private debt investment for investors in the DACH region and wider Europe, the PDI Germany Forum, on 8-9 October in Munich. SECA members save 10% by using the exclusive discount code Germany20-SECA.

25. November 2020, Schaan

Der Investor Summit Liechtenstein vernetzt seit zehn Jahren Investoren und Entscheidungstr?ger mit innovativen Startups und Wachstumsunternehmen. Die n?chste Ausgabe am 25. November 2020 bietet zwei Top-Speaker: Der bekannte Investor Carsten Maschmeyer, Gesch?ftsf?hrer der Maschmeyer Group und Mentor in der TV-Sendung „H?hle der L?wen“, und S.D. Prinz Max von und zu Liechtenstein, CEO der LGT Group, geben exklusive Einblicke in ihre Investmentt?tigkeit.

Der Ticketpreis betr?gt 290 Franken. Early-Bird-Tickets sind bis zum 31. Mai zum Preis von 230 Franken erh?ltlich (begrenztes Angebot).

2 December 2020, Z?rich

The 10th Anniversary of the Swiss Private Equity Conference provides the most unrivalled networking opportunities in the Swiss Private Equity market. On May 14th, 2020, Limited Partners, General Partners and CxOs will meet in Zurich for a day focused on deal origination. Join us and meet the top of the private equity community. Our network has access to an exclusive promotional code SECA_Loyalty for you to secure your ticket at a 20% discount. For more information, please contact info@pe-insights.com.

• SECA Online Event: Big crisis = big opportunities?! (E)
  Wednesday, 17 June 2020
• SECA Online Event: Listed private equity (E)
  Tuesday, 30 June 2020
• SECA Event - Private Markets & Cryptovalley
  in October 2020
• SECA Evening Event – VC's on Stage (D/E)
  Mittwoch, 28. Oktober 2020, Z?rich

SECA Education

• SECA Trainings Romandie (F)
  June & July - Romandie
• SECA Seminare/Webinare: Private Markets (D/F)
  ?Diverse Daten Bern, Genf, Rotkreuz, NEU: Vaduz, Z?rich
• 3. SECA Workshop Venture Capital (D)
  Herbst 20 oder Fr?hling 21, Niederer Kraft Frey, Z?rich
• 9. SECA Private Equity Workshop
  6./7. & 20. November 2020, Z?rich

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

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 3'000 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.

Friday, 4 December 2020, 4.30pm CET, online

Join us for a special webinar with global thought leaders as we explore the challenge of clean energy.

Space is exciting. Technology is cool. Healthcare is a must. Economic stability is critical. Education is crucial. Clean air and water are essential. To have it all, you need energy: clean, sustainable, safe, cost effective, ubiquitous, and abundant. The energy of the stars – fusion – is our greatest hope (Forbes). Fusion safely produces clean energy with no greenhouse gases, no radioactive waste, no environmental degradation, and no competitor that even comes close. Fusion has been in R&D mode for many decades, but now it is finally coming closer – out of the labs and into our lives. Public and private initiatives are making tremendous strides; perhaps within ten years we will see this marvel of marvels blossom into the world.

Tuesday, 24 November 2020, online

Building a robust portfolio of Private Equity assets requires a long-term mind-set as well as an appreciation for the ever-changing opportunity set dictated by global mar-kets. While academic research and performance ranking tables give insights into what has occurred in previous environments, investors must make decisions today, in the face of new uncertainties. This SECA webinar, offered in cooperation with employee-owned Neuberger Berman, provides insights drawn from decades of practical experi-ence and on-the-ground global engagement. Long-term commitment to the asset class is balanced with capital efficient, tactical opportunities and an integration of ESG value creation.

Alex Brennwald und Fabian Gerschwiler haben beide ?ber 10 Jahre Erfahrung mit mittelst?ndischen Nachfolgeregelungen und sind die Gr?nder der Nachfolgepartner AG. Als Unternehmer fokussieren sie sich auf professionell umgesetzte und langfristige Nachfolgel?sungen.

• Wer ist Nachfolgepartner AG?
  Nachfolgepartner steht f?r langfristige, professionelle und unternehmerische Nachfolgeregelungen im Mittelstand in der Schweiz, Deutschland und ?sterreich. Als nachhaltiger Eigenkapitalgeber beteiligen wir uns mit einem offenen Zeithorizont. Nachfolgepartner kann so lange in einem Unternehmen investiert bleiben, wie wir auch die besten (Mit-) Gesellschafter sind. Damit erm?glichen wir zusammen mit den bestehenden Eigent?mern und dem Management, dass Nachfolgeregelungen und weitere strategische Initiativen ohne Wiederverkaufsdruck nachhaltig umgesetzt werden k?nnen. Wir b?ndeln mit Unternehmerpers?nlichkeiten und Family Offices einen sehr konzentrierten Investorenkreis, der unsere Beteiligungen mit viel Engagement aktiv unterst?tzt.

• In welche Unternehmen investiert Nachfolgepartner?
  Wir verstehen uns als Nachfolge- und Fortf?hrungspartner f?r gut etablierte, mittelst?ndische Unternehmen. Wir investieren haupts?chlich in Mehrheitsbeteiligungen, k?nnen aber auch Minderheitsengagements eingehen. Wir bieten volle Flexibilit?t und k?nnen von reinen Kapitalnachfolgen ?ber Management Buy-out oder Management Buy-in bis zu Konzernausgliederungen alle Beteiligungskonstellationen abbilden. Unsere Zielfirmen verf?gen typischerweise ?ber ein EBITDA zwischen CHF 2 und 6 Millionen sowie ein nachhaltiges Gesch?ftsmodell, welches wir als branchen?bergreifender Investor verstehen und unterst?tzen k?nnen. Die meisten Beteiligungsm?glichkeiten generieren wir propriet?r und erarbeiten direkt mit den bestehenden Eigent?mern respektive dem Management-Team eine massgeschneiderte Nachfolgel?sung.

• Welche Investoren stehen hinter Nachfolgepartner?
  Nachfolgepartner erm?glicht Investoren Direktbeteiligungen in attraktive mittelst?ndische Unternehmen. Insbesondere private Unternehmerpers?nlichkeiten und Family Offices sch?tzen diese konzentrierten Co-Investment M?glichkeiten und die damit verbundene N?he zum Unternehmertum. Zudem minimiert der langfristige Beteiligungshorizont das Wiederanlagerisiko unserer Investoren. Ein massgeblicher Teil des Investitionsvolumen stammt von Nachfolgepartner selbst. Getreu der Co-Investment Strategie halten wir den Kreis von externen Investoren ?berschaubar. Wir freuen uns aber jederzeit auch ?ber die Kontaktaufnahme durch weitere an Direktanlagen interessierten Investoren.

The H1 2020 activity data report provides a semi-annual review of fundraising, investment and divestment trends for European private equity and venture capital activity. Please note that this data is preliminary and subject to change.

In Interviews, Hintergrundberichten und Beitr?gen von namhaften Gastautoren beleuchtet die Sonderausgabe des VC-Magazins unter anderen die Themen Gr?ndungen aus der Hochschule, Teamzusammenstellung, Finanzierungsformen f?r Start-ups sowie rechtliche Aspekte bei der Gr?ndung.

The UBS Next portfolio is an additional step for UBS to further engage with fintechs and the broader tech ecosystem. UBS plans to invest USD 200 million in digital ventures – starting with a strategic collaboration with Anthemis, a global venture capital fund with expertise in fintech investing – to accelerate deal flow origination. In addition, several direct investments are in evaluation.

Seit ihrer Gr?ndung im Jahre 1918 bezweckt die «Eidgen?ssische Stiftung zur F?rderung schweizerischer Volkswirtschaft durch wissenschaftliche Forschung» die F?rderung der Innovation an Schweizer Hochschulen. In den letzten 30 Jahren erf?llte die Volkswirtschaftsstiftung diese F?rderaufgabe durch die Unterst?tzung von innovativen Spin-offs im Hochtechnologie-Umfeld der schweizerischen Hochschulen. In dieser Zeit erm?glichte die Stiftung ?ber 90 Start-ups die Gr?ndung und den «Proof of Concept» sowie den Markteintritt mittels der Gew?hrung von zinslosen Darlehen.

4iLabs unterst?tzt ?rzte bei der Entscheidungsfindung in der Krebstherapie, indem es ihnen hochmoderne molekulare Beurteilungen der Krankheit ihrer Patienten zur Verf?gung stellt und sie auf personalisierte Therapieoptionen hinweist. Das Startup-Projekt wird von Dr. Gabriele Gut geleitet und wird die CHF 150'000 Venture Kick-Finanzierung nutzen, um die klinische Entwicklung der diagnostischen Toolbox von 4iLabs zu beschleunigen.

PAPA OSCAR Ventures GmbH, Deutschlands f?hrender E-Commerce Inkubator im Bereich Fashion & Lifestyle, geht eine strategische Partnerschaft mit der Studhalter International Group AG, einer Beteiligungsgesellschaft mit Fokus auf Events/Sport/Unterhaltung, ein. Gleichzeitig beteiligt sich die Studhalter International Group im Rahmen einer Finanzierungsrunde mit 10% an PAPA OSCAR Ventures, in dessen Rahmen das Unternehmen mit EUR 10 Millionen bewertet wurde. Mit der gest?rkten Kapitalbasis ist der Weg f?r PAPA OSCAR geebnet, um Venture Capital in weitere vielversprechende Start-ups in Deutschland und der Schweiz zu investieren.

Corlieve Therapeutics today announced the closing of its seed financing led by Kurma Partners and IDinvest Partners, together with Pureos Bioventures. Corlieve is focused on developing novel therapeutics for severe neurological disorders.

During their yearly benchmarking event, the BAE Club members presented their data of 2019. The steady trend of rising investments per network is also showing in 2019. In total, the 17 BAE Club members invest more than 134 million EUR in the real economy. This is up from 107 million EUR in 2018. It is testimony to the importance of angel networks for the startup economy, as well as to the success of the BAE Club, which had the privilege of welcoming 6 new members since May 2019.

This Emerging Tech Research report includes a comprehensive segmentation of fintech, along with market maps, business model descriptions, industry drivers, KPIs, notable VC deals and exits, and key investors in the sector. We also provide proprietary analysis of opportunities and risks, in addition to our own outlook of each segment. Coverage includes alternative lending, capital markets, payments, wealthtech and six other segments.

The TOP 100 Swiss Startup Magazine presents the who's who of the Swiss startup ecosystem and can be downloaded for free in English, German, French, and now in Chinese. The 2020 edition portrays the most promising Swiss startups, analyzes this year's TOP 100 ranking, and features a look at the Swiss startup ecosystem.

Memo Therapeutics AG, an innovator in the field of antibody discovery and immune repertoire analysis, announced today that the company has raised CHF 14 million in Series B financing. The round was led by Swisscanto Invest by Z?rcher Kantonalbank and included BERNINA BioInvest, as well as new private investors and existing investors Investiere, Schroder Adveq, Jaquet Partners, and Redalpine.

Synendos Therapeutics (Synendos), a biopharmaceutical company developing a new class of small molecules aimed at restoring the natural functioning of the endocannabinoid system in the brain with the potential for treating a wide range of Central Nervous System (CNS) disorders, announces it has raised CHF 20 million in a Series A financing co-led by Kurma Partners and Sunstone Life Science Ventures and participation from BERNINA BioInvest, Schroder Adveq, High-Tech Gr?nderfonds, Lichtsteiner Foundation, Essential Investments, Z?rcher Kantonalbank and private investors.

Building on their pre-existing collaboration with "exceptional results", Skycell and US-based Unitrans have signed a new Master Lease Agreement (MLA) to lease self-charging, temperature-controlled hybrid containers. Pharma companies may look forward to a new sustainable transportation approach for delicate pharmaceuticals including vaccines.

GetYourGuide, the booking platform for travel experiences, has raised €114 million in convertible note financing led by Searchlight Capital. The financing ensures that the company can invest in strategic opportunities to cement its market-leading position and ignite post-pandemic travel demand.

We are extremely excited to share with you that only three months after the initial seed round Razor (Redalpine Capital IV) has managed to raise a further  €25m in combined equity and debt capital to scale their business operations and further accelerate their already ambitious acquisition plans. The €10m Series A equity round was led by Redalpine with participation from other existing investors, 468 Capital, Presight Capital and GFC. This was complemented by an initial €15m debt facility from Claret Capital Partners (formerly Harbert European Growth Capital), with the option to significantly scale the facility in the coming months & quarters.

Beim Wagniskapital laufen vor allem die Investments und das Fundraising wieder besser. Doch die Kapitalgeber m?ssen sich noch auf Korrekturen einstellen.

TIER, the European micro-mobility leader, announced the completion of a $250 million Series C funding round led by SoftBank Vision Fund 2¹. Existing investors including Mubadala Investment Company's financial investment arm, Mubadala Capital, Northzone, Goodwater Capital, White Star Capital, Novator and RTP Global also participated in the round.

The Swiss-based enterprise SaaS company vlot AG creates awareness of personal income and saving gaps and provides seamless workflows to plug in tailored product solutions. To further accelerate market traction and expansion, vlot has closed a CHF 1M pre-Series A financing round, led by Spicehaus Partners (Switzerland) and co-led by SixThirty Ventures (USA).

The latest edition of the European Venture Report examines trends in dealmaking, exits, and fundraising in the region, with a spotlight on France & Benelux. Despite the COVID-19 pandemic, European VC deal value is astonishingly on pace to set a new annual record by year end, with startups utilizing funding from nontraditional sources such as CVC arms, sovereign wealth funds, and serial angel investors.

Following a strong second quarter in global funding, the third quarter of 2020 has held up with $76.4 billion in venture funding worldwide—up 1 percent quarter over quarter and 9 percent year over year.

The Membrane Platform technology developed by UniSieve promises to reduce process energy by 90%. The financial boost with lead investor Wingman Ventures will facilitate production scale-up, on-site piloting and commercialisation.

Den diesj?hrigen Wettbewerb zum «Zuger JungUnternehmer Preis 2020» am 17. November haben zahlreiche Zuschauer online mitverfolgt und haben online f?r ihren Favoriten abgestimmt. Anschliessend wurde eine neue Dimension des Networkings mit virtuellen Avataren geboten. Das Jungunternehmen Sedimentum AG r?umte den ersten Preis ab. Platz zwei ging an Anemis GmbH und auf Platz drei wurde kanton27 ag gew?hlt. Loop Tours GmbH erhielt den F?rderpreis von PwC (Pricewaterhouse Coopers).

Partners Group, the global private markets investment manager, has collaborated with UBS, the leading global wealth manager and Swiss bank, to launch a series of long-term programs that expand access to private markets for UBS' wealth management clients.

Der von Patrimonium Private Equity Advisors AG, Teil der Patrimonium Asset Management AG, beratene Fonds Patrimonium Private Equity Fund SCSp («Patrimonium») erwirbt die Mehrheit an der ROTH GRUPPE, dem f?hrenden Schweizer Anbieter von baulichem Brandschutz, technischer D?mmung und Beschichtungsl?sungen. Damit ist der Grundstein f?r eine nahtlose Weiterf?hrung des Erfolgsmodells der ROTH GRUPPE gelegt. Gleichzeitig f?hrt die Transaktion bei beiden Partnern zu Synergien und die Finanzkraft von Patrimonium erlaubt es, gezielt in k?nftiges Wachstum zu investieren. ?ber den Kaufpreis wurde Stillschweigen vereinbart.

We believe European private equity can augment investors' broader private equity allocation due to its distinctive and varied composition, demographic drivers and quality.

The scale of the global healthcare market and the strength of its long-term drivers mean opportunities abound, particularly in privately-held companies. The underlying growth and innovation in the healthcare sector, as well as the potential for company transformation and consolidation among highly fragmented sub-sectors, aligns especially well with venture capital and private equity. There is also a tremendous opportunity set given the large number of privately held healthcare companies. Our analysis shows that there are approximately 146,000 privately held healthcare companies based in the US, Europe and Asia. This is in contrast to only 2,700 publicly traded healthcare companies in the same geographies. The drastic difference in the supply of investable companies is one of the hallmarks of our attraction to healthcare private equity. However, while healthcare private equity investments offer compelling attributes and have increased in number and scale in recent years, the underlying investments can be difficult to access and exploit for many investors, making an experienced partner essential. In a new in-depth report, Schroder Adveq's private equity experts break down the healthcare industry, its key drivers, and where they feel the opportunities lie.

Nachfolgepartner, a private equity specialist for business successions, sets up new partnership. As a longterm equity provider, Nachfolgepartner invests with an open time horizon in family businesses and medium sized enterprises. Nachfolgepartner focusses on succession situations, management buy-outs and management buy-ins of Mittelstand's companies in the DACH region with an EBITDA ranging from CHF 2 to 6m. The operations are led by Alex Brennwald and Fabian Gerschwiler out of their Zurich office.

With the US election largely settled, Goldman Sachs Research has updated its global economic outlook. It is above consensus forecasts for growth in most major economies in 2021.

The Carlyle Group today announced that it has acquired a majority stake in Manna Pro Products (“Manna Pro”) from investment funds managed by Morgan Stanley Capital Partners (“MSCP”). Financial terms of the transaction were not disclosed.

Hertz Global Holdings, Inc. announced that it has secured commitments for fleet financing totaling $4 billion and has filed a motion for approval of The Hertz Corporation entering into the documentation for the financing by the U.S. Bankruptcy Court for the District of Delaware. Upon approval, and together with the up to $1 billion of Hertz's debtor-in-possession financing that may be used for equity in the fleet financing subsidiary, Hertz will have access to up to $5 billion in total funding to support its fleet financing needs.

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

Over the past few years, the transitioning European renewables market has become an increasingly exciting space. Climate change concerns and increased sustainable targets have highlighted the need for renewables, yet, the recent pandemic has now also shone a light on the asset class' resilience in times of public marketturmoil.

KKR & Co. deployed a record amount of capital in the third quarter, taking advantage of turmoil spurred by the Covid-19 pandemic. The firm invested about $6.2 billion in markets across private equity, infrastructure and real estate. That figure surpassed its previous peak of $5.5 billion in the second quarter.

Under Armour struck a $345 million deal with private-equity firm Francisco Partners for the app. MyFitnessPal, which includes exercise and nutrition features, has 200 million users. The company acquired MyFitnessPal back in 2015 for $475 million.

Global investment firm The Carlyle Group (NASDAQ: CG) today announced that it has agreed to acquire Flender GmbH, a market leader in mechanical and electrical drive technology, from Siemens AG for €2 billion. Further details of the transaction were not disclosed. The transaction is subject to regulatory approvals.

After the Europe-wide lockdown in April and May and despite the generally slower summer months, the German LBO market has recovered significantly in the third quarter of 2020. The number of successfully completed transactions rose to 22, compared to eleven in the second quarter of the year, which corresponds to an increase of 100 percent.

Private equity investors logged €67 billion worth of deal value across Austria, Germany and Switzerland through the first nine month of 2020, a higher sum than in three of the past four full years. Venture capitalists, meanwhile, completed €6.3 billion worth of deals through the end of September, more than in nine of the past 10 full years.

Enreach, a fast-growing European provider of unified communications, is acquiring Botsquad, a Dutch specialist in AI-based communication solutions and chatbots. The merger will give Enreach partners and customers access to easy-to-use but technologically advanced chatbot services. The transaction represents another important element in Enreach's buy-and-build strategy. Only last month, the successful platform from Waterland Private Equity's portfolio integrated the Danish cloud contact centre expert HeroBase into the fast-growing group.