eNewsletter no. 495 Dear Reader 24 May 2018

On 10 June, the Swiss vote on a fundamental monetary reform and SECA the probability of a “yes” is extremely low. Swiss citizens have to decide on what would be a drastic change of its monetary system. Venture Capital The protagonists‘ idea is to harness moneys that are fictional, you Private Equity – Swiss News could call them paper moneys, except that they no longer exist on paper but in computers only. The sum of such book moneys flitting Private Equity – Int. News around the world at any moment is enormous. It dwarfs the real Corporate Finance money that can be seen and touched in the form of notes and Mergers & Acquisitions coins. Banking lives on these moneys.

Management Buyout The proponents of change think back to the global financial crisis of 2008. They want to restrict the issue of all moneys to the Swiss Book of the Week National Bank at the exclusion of all other banks. This would Jobs protect the average Joe‘s money, and it would make the SNB to become the only powerful bank in Switzerland. Re­wiring the Agenda monetary and banking system in Switzerland would probably be Editor the largest experiment for the country since its existence. Strictly limited access to CHF for foreigners and to credit for Swiss as well as new hurdles for debt and credit cards would create unseen headwinds to an economy which is probably one of the most open, Toolbox free trade minded economies in the world. Print Newsletter Swiss citizens can vote about four times a year and are used to Send Newsletter to a Friend look closely at the issues at stake. Since they are basically Download as PDF suspicious of change, they won‘t put their money on a change in the monetary system that very few of them understand (and no one really believes that it can prevent a next crisis). Voting has already started, and it seems very unlikely that the „Vollgeld Initiative“ will get more than 35 % of the vote. 45% remains unrealistic, and 50.1% is impossible.

Best regards, Maurice Pedergnana

PS. A SECA event on the Vollgeld Initiative will take place on Monday, May 28, 2018 at Zücher Kantonalbank, Bahnhofstrasse 9 in Zurich.

SECA

SECA Breakfast Event: Vollgeld-Initiative - Private Banken oder die Nationalbank?

Mit der Vollgeld­Initiative, welche am 10. Juni 2018 auf eidgenössischer Ebene zur Abstimmung gelangt, will das Initiativ­Komitee in der Schweiz grundlegende Veränderungen erzielen mit entsprechenden geldpolitischen und wirtschaftlichen Konsequenzen. Zielsetzung der Initianten ist, dass die Geschäftsbanken künftig kein elektronisches Geld mehr bereitstellen dürfen, sondern dies der Schweizerischen Nationalbank (SNB) vorbehalten bleibt.

Referenten:

Dr. János Blum, Vizepräsident des Bankpräsidiums der Zürcher Kantonalbank

Ewald Kornmann, Mitglied des Vorstandes & des Initiativkomitees der Vollgeld­Initiative

Dr. Andreas Neumann, Leiter Equity Capital Markets, Zürcher Kantonalbank

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NEU!! SECA Seminar: Was sind Private Markets?

Thursday, 14 June 2018, Zug

Institutionelle Investoren können Private Markets nutzen, um ihre Rendite zu steigern und durch zusätzliche Diversifikation ihr Risiko zu optimieren. Doch wie funktionieren Investitionen in Privatmarktanlagen? Das SECA Seminar gibt einen Einblick in diese breite, vielfältige Anlageklasse.

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Summer School 2018 - Banking & Finance in Indien und China

Spannende Studienreise in die grössten Wachstumsmärkte ­ auf einer spannenden intensiven Kurz­Reise die Banking­ und Finance­Welt von Asien kennenlernen. Wir werden in einem einmaligen und zugleich einzigartigen Programm vieles über Banking & Finance und die damit verbundenen zentralen Themen in den aufstrebenden Volkswirtschaften erfahren. Mit zahlreichen Exponenten werden Gespräche geführt, auch über die Chancen und Risiken aus Schweizer Sicht.

Bei Interesse melden Sie sich bitte bei [email protected]. Weitere Informationen

17th SECA Private Equity & Corporate Finance Conference

Wednesday, 4 July 2018, SIX ConventionPoint, Zurich

This Year on the main topic Innovation & Returns

VC investments in Europe's Innovation Clusters (vs US/Silicon Valley)

Risk, Return & Impact

Real Estate & Infrastructure ­ Opportunities in today’s markets

Legal & Tax

Biotech in Europe

Digital Disruption in Fintech

Do not miss this Conference! It is one of the biggest in Switzerland, which brings together the private equity, venture capital and corporate finance industries. The registration is open. We look forward to welcoming you.

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Venture Capital

Media Monitoring

Startup Offensive: UNIQA verstärkt Fokus auf Venture Capital

Dealterms.vc: Von Handwerk, Kunst und Philosophie der Venture­Capital­Finanzierung von ...

RBI gründet Corporate­Venture­Capital­Gesellschaft Elevator Ventures

Softbank­Gründer bringt neuen Venture­Fonds

Therapien bei Hörverlust: Life Sciences­Start­up bekommt 10 Mio. EUR – auch aus der Schweiz

Warum die SFG ihr Venture Capital­Programm deutlich ausbaut

«Forbes»­Liste: Klaus Hommels ist Europas wichtigster Venture Capitalist

Jungunternehmer­Finanzierung mit Venture Capital: Neues Hoch

Die Silicon­Valley­Bank ist ein Armutszeugnis für deutsche Start­up­Finanzierer

Künstliche Intelligenz: EU geht in die Offensive

Fintech­Start­up sichert sich knapp 4 Mio. EUR

Millionen für Mein Recycling, Wundercurves und Profishop 20 Millionen für Hype­Startup Flaschenpost

4,1 Millionen Euro für Münchner Deeptech­Startup Artisense

Famicord acquires Biocell Lugano

On 17/05/18 it was announced that Famicord AG, a wholly­owned subsidiary of Polski Bank Komorek Macierzystych SA, has acquired 100 per cent stake in Biocell Lugano SA, a Lugano, Switzerland­based stem cells isolation and multiplication laboratory services from Biocell Center SpA and MGR Srl, for EUR 1.6 million (PLN 6.9 million), paid in 3 tranches (EUR 250,000 on the day of signing the agreement; EUR 750,000 after 12 months; and EUR 500,000 after 24 months), including liabilities of EUR 100,000. Source: Zephyr

Metaco secures funding and new shareholders

On 26/04/18 it was announced that Metaco SA, the Vevey, Switzerland­based crypto­currency services company has closed a second round of funding and acquires new shareholders Avaloq Group AG, Swisscom AG, Swiss Post AG and SICPA Holding SA. As a result, Avaloq acquired a minority stake of 10 per cent in Metaco. Source: Zephyr

Pula Advisors raises seed funding

On 17/04/18 it was announced that start up Pula Advisors GmbH/SARL, the

Mollis, Switzerland­based agricultural insurance services company has raised an undisclosed amount of seed funding round led by Accion Venture Lab, managed by ACCION Investment Management Company LLC and with participation from Omidyar Network Services LLC, Mulago Foundation, Choiseul Africa Capital, Mercy Corps Social Venture Fund, managed by Mercy Corps and several angel investors. Source: Zepyhr

read more apaleo has received funding from Redalpine Venture Partners

On 03/05/18 it was announced that apaleo GmbH, a Munich, Germany­based online cloud­based 2­way API hospitality management Software­as­a­Service (SaaS) provider, has received funding from Redalpine Venture Partners AG. Source: Zepyhr

Good Eggs secures Series C funding led by Benchmark Capital Holdings Company

On 15/05/18 it was announced that Good Eggs Inc., a San Francisco, California­based online organic food ordering platform operator, has raised USD 50 million in a Series C (3rd round) funding round. The transaction was led by Benchmark Capital Holdings Company LLC, with participation from Index Ventures SA, and five other VC funds. It was also reported that proceeds will be used to expand the company and keep developing its platform. Source: Zephyr

Digitalplus invests in Starmind funding round

On 09/05/18 it was announced that Digitalplus GmbH has invested USD 15 million in a funding round of Starmind International AG, a Kusnacht, Switzerland­based self­learning expertise database software developer. Source: Zephyr

10 Mio. EUR für deutsches Biotech-Unternehmen Acousia zur Bekämpfung von Hörverlust

Schwerhörigkeit ist die häufigste menschliche sensorische Einschränkung, verursacht vor allem durch den irreversiblen Verlust von sensorischen Haarzellen in der Innenohrschnecke. Es wird geschätzt, dass mindestens 10% bis 15% der Bevölkerung in den entwickelten Ländern unter Hörverlust leiden. Traditionelle Ansätze zur Behandlung konzentrieren sich auf die Prothetik (z.B. Hörgeräte). Doch die Zeiten sind vielleicht schon bald vorbei: In Tübingen hat das junge Biotechnologie­Unternehmen Acousia Medikamentenkandidaten entwickelt, die die sensorische Funktion der Haarzellen schützen, reparieren und wiederherstellen. Creathor Ventures ist von dem Ansatz überzeugt und hat deswegen zusammen mit weiteren Investoren rund 10 Mio. EUR in Acousia investiert.

Medienmitteilung

Neuer Biotech VC Fund

Der Gründer der Biotechfirma ­Esbatech, Dominik Escher, ist heute Partner bei Pureos Bioventures, einem Venture ­Capital Fonds. „Wir zählen hierzulande mittlerweile knapp 300 Firmen mit 14 000 Mit­arbeitern. Diese versteckte Biotech­Industrie wird durch die ausgezeichnete Hochschulforschung angetrieben. Für Investoren gibt es mehr als genug interessante Startups mit Kapitalbedarf. Leider, und das ist auch meine persönliche Erfahrung, müssen solche Firmen häufig in die USA, um das notwendige Kapital für die Entwicklung von Medikamenten aufzutreiben.“ Mehr dazu im Interview NZZaS vom 13.5.18.

Public Funding and Corporate Innovation

Three researchers reviewed and condensed the body of literature on the economic returns of public R&D on private R&D and find that: (i) private returns to R&D appear to be large and larger than the returns to alternative investments; (ii) private R&D and R&D subsidies are positively correlated and there is no evidence for crowding out; (iii) R&D cooperation increases private R&D; (iv) there appear to exist complementarities between alternative sources of funding; (v) the mobility of R&D workers, particularly of university scientists, is positively related to innovation; (vi) there are many university spin­offs but these are no more successful than non­university spin­offs; (vii) universities constitute important collaboration partners and (viii) clusters enhance collaboration, patents and productivity. Key problems for economic policy advice are that the identification of causal effects is problematic in most studies and that little is known about the optimal design of policy measures.

Memo Therapeutics completes Series A2 funding round

On 09/05/18 it was reported that Memo Therapeutics AG, a Zurich,

Switzerland­based therapeutic antibody identification and vaccine developer has completed a follow­on (Series A2) round of funding for the amount of CHF 5 million. Investors to the round include original investors Redalpine Venture Partners AG and Zurcher Kantonalbank and also include new investors Schroder Adveq Management AG, Verve Capital Partners AG (investiere.ch) and other private investors. It was reported the funds will be used for the advancement of the company's developing vaccines towards clinical trial stages and develop Memo's MemoMAB platform. Source: Zephyr

Lilly makes an offer for Armo

Eli Lilly and Company has tabled a bid for Armo BioSciences that values the late­stage immune­oncology company at USD 1.6 billion and comes just four months after the group made its stock market debut. One key shareholder of Armo BioSciences is SIX listed HBM Healthcare Investments, based in Zug, Switzerland. As of 30 April 2018, HBM held a total of 1.6 million shares of Armo BioSciences with a total value of USD 42.3 million (approx. 3.5% of net assets). The position has since been unchanged. On the basis of the takeover price, the value of the investment grows by USD 37.1 million, corresponding to an increase of the net asset value per HBM share (NAV) of CHF 4.50 (+2.6%). HBM Healthcare Investments invested a total of USD 22.2 million in Armo BioSciences since February 2016 in two private financing rounds.

Media Release

SurgiMAb to complete funding round with Cathey and Abalis

On 09/05/18 it was announced that SurgiMAb SAS, a Montpellier, France­based fluorescence­based tumour visualisation technique developer, is going to raise a total of EUR 6.6 million in a funding round by the end of 2018. The funding will be raised in two tranches, with the first EUR 3.6 million at the beginning of 2018 and the second EUR 3 million by the end. The investors are Cathey World Investment Fund Ltd and Abalis Finance AG (Basel­Binningen, Switzerland; Jean­Marie Lüchinger, CEO). The funds will reportedly be used for a clinical trial of SurgiMAb's flagship product. Source: Zephyr

Private Equity – Swiss News

The Craftory to receive funding from Spice Private Equity

On 11/05/18 it was announced that The Craftory Ltd, a London, UK­based FMCG industry investment services provider, has signed an agreement with Spice Private Equity Ltd via an affliate, to receive up to USD 60 million in funding. The Craftory is set to receive almost USD 300 million as permanent investment capital from Spice Private Equity and other investors. Source: Zephyr

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Montague Exit with Equatex

On 16/05/18 it was announced that Computershare Ltd is to acquire Equatex

AG from Montagu Private Equity LLP, a 50 year old European buyout specialist. The transaction, which has a reported value of EUR 355 million (AUD 560 million), is subject to regulatory approvals. These approvals are expected to be received within the next 6 months. Source: Zephyr

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GlobalLogic changes hands with USD 2bn+ offer

Partners Group has reached an agreement with Apax Partners to acquire its stake in digital products company GlobalLogic in a deal valuing the firm more than USD 2.0 billion. The transaction makes the buyout group a co­investor with existing shareholder Canada Pension Plan Investment Board (CPPIB). GlobalLogic’s revenue has grown at an organic growth rate of 20 per cent to USD 500 million since 2013, with turnover and EBITDA more than doubling in the timeframe. Under the terms of the deal, the private equity firm will acquire Apax’s 48 per cent stake for about USD 1.0 billion, with CPPIB holding 48 per cent and the remaining 4 per cent to be owned by management. Source: Zephyr

Partners Group and Kedaara Capital to acquire Vishal Mega Mart from TPG

On 11/10/17 it was reported that Tarrant Capital IP LLC (TPG) is looking to sell Vishal Mega Mart Pvt Ltd (VMM), a Gurgaon, India­based apparel wholesaler, in a deal valuing the company at over INR 15 billion. Further details were not disclosed. On 16/02/18 it was reported that the sellers expect a valuation of about INR 50 billion. On 21/02/18 it was reported that KKR & Co LP and PremjiInvest are also interested in acquiring VMM and Airplaza Retail Holdings. On 21/05/18 it was announced that Partners Group AG and Kedaara Capital Fund II LLP, a fund managed by Kedaara Capital Investment Managers Ltd, have agreed to acquire VMM from TPG. The transaction is expected to close later this year. The consideration is reported at around INR 50 billion. Source: Zephyr

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Spice Private Equity, Ltd. to invest in The Craftory, Ltd.

Spice Private Equity Ltd. announced the signing of an agreement by which

Spice PE, indirectly through an affiliate, has committed to invest up to $60 million in The Craftory, a next­generation consumer goods company established to back challenger brands. Spice PE, together with other investors, will provide The Craftory with nearly $300 million of permanent capital. Spice PE will exert significant governance at The Craftory with direct representation at The Company's board of directors.

Medienmitteilung

Unigestion: Private-Equity-Fonds für KMU

Unigestion Global Choice VII ist ein globales Small­ und Mid­Market­Investitionsprogramm, das die Fondsserien “Unicapital Global“ und “Euro Choice“ fortsetzt. Unigestion Global Choice VII strebt ein Gesamtvermögen von EUR 300 Mio an, um ein Portfolio mit rund 30 Spezialfonds aufzubauen.

read more

Private Equity – Int. News

Media Monitoring

Gute Stimmung am Beteiligungsmarkt

Alexander Mann Solutions stimmt Verkauf an OMERS Private Equity für 820 Millionen GBP zu

DPE gewinnt Private Equity Award

Private Equity Holding: Net Asset Value per 30. April 2018

VC­Verband AVCO fordert 1 Mrd. Euro­Dachfonds für Österreich

German Private Equity Barometer 1. Quartal 2018 Aberdeen Standard Investments mit neuem Joint Venture und Private Equity Fonds

Unigestion startet globalen Private­Equity­Fonds

Oddo BHF übernimmt ACG Capital

Airesis immer noch in den roten Zahlen

Hilton as one of the best private equity investments ever

Blackstone has agreed to sell its remaining 15.8 million shares in Hilton

Worldwide in a deal worth $1.3 billion, capping an 11­year investment that began when the private equity giant took the international hotel chain private for $26 billion in 2007. With the sale of its 5.8% stake, Blackstone will have realized a total of some $14 billion in profits from its initial investment, per Bloomberg, in what's regarded as the most profitable private equity transaction ever.

Silicon Valley Bank will in Frankfurt starten

Die amerikanische Silicon Valley Bank rechnet damit, noch diesen Monat eine Banklizenz von der Bundesanstalt für Finanzdienstleistungsaufsicht (BaFin) zu bekommen. Büros im Frankfurter Westend seien angemietet, auch das Führungsteam stehe, hiess es. Das Institut gilt in den USA als Hausbank für die Start­up­ und Technologiebranche.

Altamir +25 per cent - LPActive Value Fund is happy

LPActive Value Fund from SECA member LPX AG showed a return of 2.8% in April 2018. As of 30 April 2018 the NAV closed at EUR 273.53. A buy offer for Altamir (with various APAX private equity funds) was proposed leading to a share increase of 25%. This shows that the value investment strategy still pays off. Altamir is a heavy investment in the LPActive Value Fund. The overall private equity environment remains positive. The average discount on fund level lies at ­16.9% end of April.

Factsheets LPActive Value Fund

Hohe Geschäftsdynamik nach Rekordjahr 2017 bei Golding Capital Partners

Nach einem Rekordjahr 2017 hat Golding Capital Partners (GCP) sein Senior­Management­Team weiter gestärkt und ausgebaut. Im Geschäftsjahr 2017 konnten über EUR 1.3 Mrd Kapital von institutionellen Investoren aus Europa eingeworben werden. Dies entspricht nochmals einer Steigerung von knapp 20% im Vergleich zum Vorjahr. Durch den gezielten Ausbau des Senior­Management­Teams sowie der organisatorischen Weiterentwicklung des Investment­Bereiches festigt GCP seine führende Position im europäischen Markt für diversifizierte Anlageprogramme in Buyout, Private Debt und Infrastruktur.

Corporate Finance

Worldline prevails in auction for SIX Payment Services

European payments and transactional services group Worldline has reached an agreement to acquire the payment services operations of Switzerland­based SIX Group for about EUR 2.3 billion. Stockholders in SIX Group are expected to hold a 27.0 per cent stake in the suitor following closing, expected by the end of 2018. For Worldline, the deal strengthens its European leadership position by boosting group revenue by 30 per cent, and by increasing the annual revenue of the merchant services business by 65 per cent to over EUR 1.00 billion and becoming the number one company in Switzerland, Austria and Luxembourg.

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Helm to acquire Phargentis stake

On 18/05/18 it was announced that Helm AG is to acquire a stake of more than 25 per cent in Phargentis SA, the Barbengo, Switzerland based healthcare products developer. Source: Zephyr

Mr Barend Fruithof acquires stake from PCS Holding and Gebuka

On 28/04/18 it was reported that Mr Barend Fruithof (CEO) has acquired an 8 per cent stake in Aebi Schmidt Holding AG, the Bussnang, Switzerland based snow plough manufacturer from PCS Holding AG (Peter Spuhler, Chairman), which now holds a 54 per cent stake in the target, and from Gebuka AG (Dr. Gerold Büttiker, Chairman), which now holds a 35 per cent stake in the target. Source: Zephyr

Sika ‘could be attractive takeover target’

Swiss speciality chemicals player Sika could pique the interest of potential buyers, according to a Reuters report. The news provider noted that the company had previously received a USD 3.20 billion hostile approach from French construction materials maker Saint­Gobain. However, the prospective acquiror has now reached an alternative agreement, which will see it pick up a 10.8 per cent share of the business and abandon plans to take over the entirety of the stock. Should the Swiss company attract new takeover interest, its French shareholder will not be among the interested parties; it is barred from making an offer for the business for at least 6 years, under the terms of the newly announced deal. Source: Zephyr

Mubadala to face hurdles with sale of Swiss bank Falcon Private Bank

Abu Dhabi state investor Mubadala is having teething issues with the potential divestment of Switzerland­based lender Falcon Private Bank, five people familiar with the matter told Reuters. The bank is far away from a success story. It lacks continuity, outstanding asset management and strategic competence on board of directors and executive level as well as in its strategic moves. Falcon came under investigation in Switzerland for allegedly failing to prevent suspected money laundering linked to 1MDB, a Malaysian state fund. According to these sources, potential buyers such as Banque Havilland are unwilling to pay a sizeable amount for a firm that is under investigation for alleged financial misconduct. Falcon has about CHF (USD) 10.50 billion in assets under management and around CHF (USD) 13.10 billion of client assets. Source: Zephyr

Nestle to acquire Starbucks' supermarket packaged-coffee business

On 06/05/18 it was announced that Nestle SA has entered into an agreement to acquire the supermarket packaged­coffee business of Starbucks Corporation, a Seattle, Washington­based coffee shop operator, for a total consideration of USD 7.15 billion. The supermarket packaged­coffee business consists of the rights to market, sell, and distribute Starbucks, Seattle’s Best Coffee, Starbucks Reserve, Teavana, Starbucks VIA and Torrefazione Italia packaged coffee and tea in all global at­home and away­from­home channels, as well as certain liabilities. Starbucks intends to use the proceeds to accelerate share buybacks. Source: Zephyr

OC Oerlikon may list its drive systems business

On 04/05/18 it was reported that, as an alternative to an outright sale, OC Oerlikon Corporation AG, the Pfaffikon, Switzerland based man­made fibre machinery manufacturer, could be looking launch an IPO for its drive systems business. The business unit could be launched on the SIX Swiss Stock Exchange by the middle of this year. The division reportedly has a value of between CHF 600 million and CHF 800 million (GBP 443 million to GBP 591 million). Source: Zephyr

Mergers & Acquisitions

M&A Review Cleantech April 2018

The following report details mergers and acquisitions activity in the cleantech sector in April 2018 using data from the Zephyr database.

M&A Review Cleantech April 2018

M&A Review Biotech April 2018

The following report details mergers and acquisitions activity in the biotech sector in April 2018 using data from the Zephyr database.

M&A Review Biotech April 2018

Arcus acquires Swiss4net

On 15/05/18 it was announced that Arcus Infrastructure Partners LLP has acquired Swiss4net Holding AG, the Baar, Switzerland based fibre to the home network construction services holding company (the holding company of Baden Fibre Networks AG), for an undiscxlosed consideration.

read more

Computershare taking over Equatex

Australian Securities Exchange­listed Computershare has reached an agreement to purchase Equatex, the Swiss provider of employee and executive compensation plan services (Mads Hansen, London, Chairman). No financial details of the acquisition have been disclosed at this time, but a report by the Motley Fool gave the deal value as EUR 355 million. According to the Motley Fool, which did not identify its sources, the acquisition is expected to have a marginal positive impact on earnings per share in fiscal 2019, with annual savings of USD 30 million for the next three years. Zurich­headquartered Equatex operates from seven locations, of which six are based in Europe. Source: Zephyr

read more

Arbonia acquires Vasco Group

On 17/05/18 it was announced that on 16/05/18 Arbonia AG has acquired

Vasco Group SA/NV, the Dilsen, Belgium­based radiators, underfloor heating and ventilation appliances manufacturer, from Vaessen Industries SA/NV, wihch is wholly owned by the Vaessen family. Vasco Group will continue to operate under Arbonia's heating, ventilation and air­conditioning technology division (HVAC). The acquisition was financed through a bonded loan in mid­April by Arbonia. Source: Zephyr

read more Bucher Hydraulics to acquire stake in Wuxi Deli Fluid Technology

On 09/05/18 it was announced that Bucher Hydraulics AG, a division of

Bucher Industries AG, has agreed to acquire 80 per cent interest in Wuxi Deli Fluid Technology Co., Ltd, a Wuxi, China­based high pressure gear pumps manufacturer. Upon completion, Bucher Hydaulics will own 80 per cent interest in Wuxi Deli. Wuxi Deli will then be renamed as Bucher Hydraulics (Wuxi) Co., Ltd. Source: Zepyhr

read more

Nanny+Partner acquire Preisig's engineering business

On 12/04/18 it was announced that Nänny+Partner AG has acquired the engineering business of Preisig AG, a Zurich, Switzerland­based civil engineering services provider, effective as of 01/05/18. Source: Zephyr

Roto Dach- und Solartechnologie has acquired Dachfenster Keller

On 30/04/18 it was announced that on 19/03/18 Roto Dach­ und Solartechnologie GmbH has acquired Dachfenster Keller GmbH, a Thalheim an der Thur, Switzerland­based roof and window installation services provider from Mr Peter Keller. It was stated that the transaction will allow company to expand services in Switzerland. Source: Zephyr

Management Buyout

Renaissance finanziert die Übernahme des Unternehmens Metrolab durch sein Management

Die Anlagestiftung Renaissance und das Management von Metrolab übernehmen gemeinsam das gesamte Kapital des Unternehmens im Rahmen eines Management Buy­outs (MBO). Pascal Sommer, Gründer von Metrolab, bleibt weiterhin Präsident des Verwaltungsrats. Dank diesem Schritt wird für die Mitarbeitenden und Kunden des Unternehmens die Kontinuität der Geschäftstätigkeit gewährleistet.

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Book of the Week

Schweizer Crowdlending-Markt wächst auf ein Volumen von 187 Millionen Franken

Zum ersten Mal veröffentlicht die Hochschule Luzern zusammen mit PwC und der Swiss Marketplace Lending Association eine Studie zum Schweizer Crowdlending­Markt. Der «Crowdlending Survey 2018» zeigt, dass im vergangenen Jahr Kredite mit einem Volumen von 186.7 Millionen Franken vermittelt wurden. Insbesondere institutionelle Anleger entdecken den Markt und tragen zum schnellen Wachstum bei. Für das laufende Jahr erwarten die Autoren nochmals eine markante Steigerung.

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Jobs

Mitarbeiter im Bereich Corporate Finance (100%)

Wir suchen auf den nächstmöglichen Termin einen Mitarbeiter im Bereich Corporate Finance mit drei bis fünf Jahren Berufserfahrung in den Bereichen Kapitalmarkt, M&A, Transaction Services oder strukturierte Finanzierungen. Mit unserem kompetenten, innovativen Team decken wir ein breites Spektrum in den Bereichen Eigenkapital, Fremdkapital, Mergers & Acquisitions sowie weitere Corporate Finance­Dienstleistungen ab. In unserem kleinen Team mit flacher Hierarchie arbeiten Sie eigenständig, haben direkten Kundenkontakt und werden im Rahmen der Projekte in alle zentralen Entscheidungsprozesse miteinbezogen.

Stelleninserat

Investment Associate

CREATHOR VENTURES ist ein unabhängiges, führendes pan­europäisches Venture­Capital­Unternehmen. Die aktiven Fonds haben ein Volumen von derzeit über 220 Mio. Euro. CREATHOR investiert in technologieorientierte Unternehmen und Unternehmer in allen Phasen ihrer Entwicklung, insbesondere in den Bereichen Specialized Artificial Intelligence, Advanced Industry Tech und Enabling Platforms. Regionale Schwerpunkte sind Deutschland, Schweiz, Österreich, Frankreich und Skandinavien.

Für unser Team in Zürich suchen wir eine(n) HUNTER! ­ Investment Associate

Stelleninserat How to publish a job ad

On this place your Job ad could be published.

If you are interested please send an e­mail with your job ad, the company logo and a short description about the Job and/or the Company to [email protected].

for SECA Members CHF 100.­ / 2 Weeks for Full Members free of charge

for Non­Members CHF 200.­ / 2 Weeks

Agenda

Silicon Valley meets Paradeplatz

Wednesday, 30 May 2018, Zurich

Silicon Valley meets Paradeplatz ­ can venture capital serve as a tool for innovation in financial services? Joining the list of 10+ high­profile US Venture

Capitalists, the event will also feature 20+ of the most important thought leaders in Switzerland! Click here for tickets. SECA members are entitled to a complimentary 20% discount with the code: "SECA18"

Woman's Private Equity Network 2018

Tuesday, 5 June 2018, London

In its fifth year, the Women’s Private Equity Network Summit has established itself as the pre­eminent event for women who undertake, or expect to undertake, leadership roles in the private investment industry as investors, deal­makers, expert service providers or business leaders. SECA members receive an exclusive 15% discount on the delegate fee. Use the code SECA15 for your discount. In order to register please click here.

Next IPO DAYs

Lausanne ­ 13. June 2018

Zurich ­ 13. November 2018

Program: ­ Keynotes ­ IPO Workshops ­ Bankers on Stage ­ Startup Pitches ­ 1:1 Meetings

more information and registration

Elite Summit

11­13 June 2018, Montreux

The Elite Summit is the premium forum bringing top tier buyers and sellers together. As an invitation­only event taking place behind closed doors, the summit offers the independent advisers of wealthy private investors and international fund and asset managers an intimate environment for focused discussion of the key new drivers shaping wealth management asset allocations.

more information and registration

F10 – Batch 3 Investor Day: Startup Pitches and Networking

Thursday, 21 June 2018, Zurich

You are cordially invited to the F10 Fintech Incubator & Accelerator ­ Batch 3 ­ Investor Day. Registration: Please RSVP to [email protected] ­ Space is limited

0100 Conference Luxembourg

Wednesday, 27 Juin 2018, Luxembourg

0100 Conference Luxembourg is a one­day event where top­tier GPs & LPs from around the world meet and share insights on best practices in Large and

Mid Cap PE buyouts. It’s a unique opportunity to network with over 200+ high profile individuals in the industry. Limited partners, general partners, and C­level executive come together in Luxembourg to share practices and build relationships. SECA members are entitled to a complimentary 15% discount with the code: LUX18SECA

more information and registration

Second Private Markets Conference

05/06 July 2018, Lausanne

The Ecole hôtelière de Lausanne (EHL), the University Paris­Dauphine and the Ecole Polytechnique Fédérale de Lausanne (EPFL) welcome you to the Second Private Markets Conference organized on July 5 and 6 in Lausanne with the financial support of the Research Initiative Ardian/Private Equity and Venture Capital and HES­SO, under the aegis of the Europlace Institute of Finance, Unigestion, eFront and Wellershoff & Partners. more information

Upcoming SECA Events - save the date

SECA Breakfast Event: Vollgeld-Initiative - Private Banken oder die Nationalbank? Montag, 28. Mai 2018, Zürich

SECA Seminar: Was sind Private Markets? Donnerstag, 14. Juni 2018, Zug

SECA Event with Dick Kramlich and SECA Sommer Party - by invitation only Montag, 18. Juni 2018, Zürich

17th SECA Private Equity & Corporate Finance Conference Wednesday, 4 July 2018, SIX ConventionPoint, Zurich

Study Tour - Banking & Finance in Indien und China 25. Juli bis 10. August 2018

Top 100 Swiss Startup Award Mittwoch, 5. September 2018, Zürich

7. SECA Private Equity Workshop 9./10. & 23./24. November 2018

Startupticker Brunch 2019 29. Januar 2019, Zürich

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

Editor

Editor

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