SECA | Swiss Private Equity & Corporate Finance Association

Total Page:16

File Type:pdf, Size:1020Kb

SECA | Swiss Private Equity & Corporate Finance Association eNewsletter no. 409 Dear Reader 07 May 2014 The past is past, but the future is forever. We can help shape it for SECA numerous innovative people who look for venture capital. 70 new Swiss enterpreneurs shared a pot of 0,3 billion francs for starters in Venture Capital the year 2012 and 2013. We don't know if not just as many folded Private Equity – Swiss News for lack of capital. When we look at their plans we try to help them succeed, because we beliefe that a bit of seed money may go a Private Equity – Int. News long way. Corporate Finance Mergers & Acquisitions Have a nice week! Management Buyout Maurice Pedergnana Jobs Agenda Zukunftsfonds_Schweiz Editor Langfristanlagen_von_Pensionskassen Toolbox Print Newsletter Send Newsletter to a Friend Download as PDF SECA 2013 European Private Equity Activity report launched today The EVCA today launches the 2013 European Private Equity Activity report, the industry’s most authoritative source on private equity fundraising and investment activity across Europe. With data on more than 1,200 European private equity firms, the 2013 statistics cover 90% of the €555 billion (bn) in capital under management in the European market. This year’s report highlights that: In 2013, total fundraising of €53.6bn was more than twice the volume of 2012 Overall investments in European companies remained stable. More than 5,000 companies were backed in 2013 as in the previous year. Equity investments decreased by 3% to €35.7bn A total of 2,290 European companies were exited representing former equity investments of €33.2bn. 30th SECA Annual General Meeting 5 May 2014, Zunft Stube, Widder Hotel, Zurich Today, the 30th SECA Annual General Meeting will be held. Please find attached the presentation. Furthermore, the SECA Yearbook 2014 is available and will be sent to all members in the next days. To order a book please send us an e-mail to [email protected]. Presentation Report from the president SECA Evening Event: Vom Industrie- zum Beteiligungsgeschäft Dienstag, 13. Mai 2014, Baur au Lac, Zürich „Fred Kindle – meine Erfahrungen im Private Equity“ im Gespräch mit Rolf Friedli, Managing Partner Capvis P.E. Schweiz Die SECA freut sich, dass mit Fred Kindle ein exklusiver Gast für den nächsten SECA Evening Event vom Dienstag, 13. Mai 2014 gewonnen werden konnte. Melden Sie sich sofort an (beschränkte Teilnehmer-Zahl). Abgerundet wird dieser Event durch einen Networking-Apéro im renommierten Baur au Lac Hotels. Zugelassen sind nur SECA Mitglieder. weitere Informationen und Anmeldung 13th SECA Private Equity & Corporate Finance Conference SECA is pleased to give you the first information about this year's Private Equity & Corporate Financen Conference. Save the date! The 13th edition of the annual SECA Conference will take place on Tuesday, 24 June 2014, in the SIX ConventionPoint in Zurich. Key Note Speaker Raffaello D'Andrea, professor of Dynamic Systems and Control, ETH Zurich Please make sure to visit our homepage regularly in order to stay tuned about the most recent news concerning the 13th SECA Private Equity & Corporate Finance Conference! more information and registration Banking & Finance in Indien und China 2014 25. Juli bis 7. August 2014 in Mumbai, Bangalore, Hong Kong, Shanghai und Beijing Die meisten IPO, die grössten Kundenstämme, die höchsten Wachstumsraten: Wer von Indien und China spricht benutzt meistens Superlative. Entwickeln sich Indien und China immer mehr zu einer Supermacht? Erfahren Sie mehr auf unserer Studienreise im Sommer 2014. (Vorzugspreis für SECA Mitglieder). weitere Informationen und Anmeldung Gelegenheit für SECA-Mitglieder und Portfolio-Firmen Wie Sie ggf. der Presse entnehmen konnten, wird das Bosch Power Tools Werk in Solothurn ab 2015 schrittweise geschlossen. THE BOSTON CONSULTING GROUP wurde mandatiert, einen Käufer zu finden, der das Werk und (Teile der) Belegschaft übernimmt. 30.000 m² moderne, vielseitig nutzbare Produktionsflächen sowie eine hochqualifizierte Belegschaft werden verfügbar. Bei Intresse siehe Anhang. Contact details Venture Capital Ambitious Swiss start-ups Switzerland is an attractive location for young companies, which is why founders with international experience choose to establish their start-up here. Among them is the team of biotech company Sompharmaceuticals, which this week announced the completion of a financing round. Another example is Rookmedia; the start-up based in Thalwil this week bought a US company. Other examples of the ambition of young Swiss companies include Amazee Labs, which has opened an office in the US to serve its international customers over there. And Tengo, a start-up that has developed a multivitamin drink for cats, is already talking about an expansion into the European and American markets in its first press release. Source: Startupticker.ch Anokion secures funding On 05/05/14 it was announced that Anokion SA, a Lausanne, Switzerland-based antigen-specific immune tolerance technology developer has received CHF 33 million in a first round (Series A) of funding. The investment was made by Novartis Venture Fund, Novo A/S, Versant Venture Management LLC and private investors. It’s one of the top ten transactions on the historic transactions list in Switzerland so far for a first round of funding. Source: Zephyr Big Health secures Series A funding from Index Ventures and Forward Partners On 28/04/14 it was announced that Sleepio Ltd (dba Big Health), a London, UK-based online digital sleep improvement platform developer has secured USD 3.3 million in a Series A round of funding for a startup. The participants in the round were Index Venture Management LLP (Index Ventures), Forward Partners Management Company Ltd and a group of angel investors. Source: Zephyr Can Europe’s tech hubs ever be Silicon Valley? Silicon Roundabout stars Eze Vidra of Google Campus, Eileen Burbidge of Passion Capital and Jeff Lynn of Seedrs debate the pros and cons of start-ups in London, Berlin and Tel Aviv vs Silicon Valley. watch now VC-Investor will erfahrene CFOs Hemdsärmelig, unternehmerisch, keine festen Strukturen: Junge Wachstumsunternehmen gelten gemeinhin nicht als das klassische Betätigungsfeld für CFOs. Doch das ist ein Fehler, meint der erfahrene Venture-Capital-Investor Bernhard Schirmers bei FINANCE-TV: „Jedes Start-up braucht einen CFO. Wenn wir einsteigen, installieren wir immer einen – am liebsten erfahrene Industrie-CFOs von außen.“ Auf was sich CFOs, die vom Konzernleben genug haben, bei Start-ups einstellen müssen, was genau ihre Aufgaben sind und an welchem Punkt die meisten Unternehmensgründer spätestens bereuen, keinen guten CFO berufen zu haben, verrät Schirmers im Interview. Quelle: FINANCE-TV. Private Equity – Swiss News Akina promotes Dr Ralf Gleisberg to Partner Ralf Gleisberg joined the company in 2005. He advised on fund investments in France, the Benelux and the Nordic countries and helped defining country strategies. In this function he manages many important relationships in those regions and sits on several advisory boards. Ralf was also instrumental in setting up the portfolio monitoring for Akina advised investment vehicles. Press Release Ambri completes Series C round of funding On 30/04/14 it was announced that Ambri Inc., a Cambridge, Massachusetts-based electric storage battery developer, has raised USD 35 million in a third round of funding (Series C). The round was participated by new investors KLP Enterprises LLC, Pritzker/Vlock family office and Gebäudeversicherung Bern (Building Insurance Bern), and existing investors including Khosla Ventures LLC, Mr William H Gates III (Bill Gates) and Total SA. Source: Zephyr Partners Group Backs Mexico Credit Two months after Partners Group Holding AG bought a majority stake in a Mexican gas pipeline operator, they are capitalizing on unprecedented demand for the nation’s corporate debt. Fermaca Enterprises, owned by Partners Group, sold $550 million of bonds overseas recently. The sale was the seventh first-time offering since August, when President Enrique Pena Nieto proposed changes to the state oil industry that were signed into law four months later. In the same span, only one debut issuer came from Brazil, the biggest developing-nation bond market. Partners Group is seeking to profit from Mexico’s energy industry after the government ended its 76-year-old oil monopoly and from a boom in shale gas, according to the firm’s managing director, Jean Perarnaud. Fermaca, purchased from New York-based hedge fund Ospraie Management LLC for $750 million in February, has a 25-year transportation agreement with state-owned utility Comision Federal de Electricidad. Fermaca, based in Mexico City, sold the bonds due 2038 to yield 6.375 percent. The senior secured amortizing notes, which will have an average maturity of 15 years, are backed by Fermaca assets including pipelines. Fitch Ratings and Standard & Poor’s rate the bonds BBB-, the lowest investment grade. Partners Group opens Mumbai office to build out private markets investments in India Partners Group has opened its first Indian office in Mumbai, increasing its total number of offices around the globe to 17. Cyrus Driver, Managing Director, will head the Mumbai office in the business district Worli and continue to build out the firm’s investment activities on the ground. Partners Group is an active investor in Indian private equity, real estate and infrastructure opportunities on behalf of its clients. In 2013, Partners Group made two India-related private equity investments: an investment in global technology support services leader, CSS Corp, which has a large workforce on Indian soil, and an additional investment in a chain of schools. Download press release Private Equity – Int. News Media Monitoring Das grösste Private-Equity-Debakel aller Zeiten Private-Equity-Gründer im Titan-Board Private Equity-Haus sucht Käufer für Minimax Institutionelle planen Umschichtungen in Aktien und Private Equity Ardian kauft Portfolio für 1,3 Mrd. Dollar Der gewagtetste Private-Equity-Deal ... Secondary-Spezialist Ardian kauft GE Capital-Portfolios für 1,3 Mrd. Dollar TA Associates erwirbt Mehrheitsbeteiligung an Bomgar Runtastic und Linemetrics gewinnen UPside award KKR & Co.
Recommended publications
  • Mapping the Money: an Analysis of the Capital Landscape for Early-Stage, For-Profit, Social Enterprises in the United States
    Mapping the Money: An Analysis of the Capital Landscape for Early-Stage, For-Profit, Social Enterprises in the United States May Samali June 2016 M-RCBG Associate Working Paper Series | No. 59 The views expressed in the M-RCBG Associate Working Paper Series are those of the author(s) and do not necessarily reflect those of the Mossavar-Rahmani Center for Business & Government or of Harvard University. The papers in this series have not undergone formal review and approval; they are presented to elicit feedback and to encourage debate on important public policy challenges. Copyright belongs to the author(s). Papers may be downloaded for personal use only. Mossavar-Rahmani Center for Business & Government Weil Hall | Harvard Kennedy School | www.hks.harvard.edu/mrcbg MAPPING THE MONEY: An Analysis of the Capital Landscape for Early-Stage, For-Profit, Social Enterprises in the United States Author: MAY SAMALI Master in Public Policy Candidate 2016 Kennedy School of Government Harvard University Client: TUMML 501(c)3 accelerator in San Francisco, CA Faculty Advisor: Carl Byers Seminar Leader: Executive Dean John Haigh Publication Date: March 29, 2016 This Working Paper reflects the views of the author and should not be viewed as representing the views of the external client, nor those of Harvard University or any of its faculty. ACKNOWLEDGEMENTS I want to acknowledge the many people who generously shared their time, resources, and expertise with me throughout the research and writing process. First, thank you to Executive Dean John Haigh and Carl Byers—my advisors at the Harvard Kennedy School—for sharing excellent insights and keeping me on track.
    [Show full text]
  • Episode 2: Getting Funding for Your Startup
    Episode 2: Getting funding for your startup This is the transcript for Episode 2 of the Smart Startup English Podcast. You can listen to the audio for Episode 2 on the episode page. ​ ​ To get our episodes for free, you can also subscribe to the Smart Startup English podcast on iTunes, Soundcloud and Spotify. ​ ​ ​ ​ ​ ​ ​ ​ ​ Welcome to the Smart Startup English Podcast, episode 2. I’m Mickey, I’m your host, and in this episode we’re talking about money. About how and where to get it from as a startup. But first, let me ask you a question: If you’re a startup founder, how did you get your first dollar? Is there any way to get money before your business starts making enough money? They say that money makes the world go round. But when you’re a startup founder, getting money doesn’t always come easy. When your startup is brand new, you might need to do a bit of bootstrapping. What does bootstrapping mean? It means that you’re using your own money or your own resources to start your business. When you’re bootstrapping, you’re not taking money from anyone else. Maybe you’re using your personal savings, or you have a day job, or you’re using your own home as an office. Maybe you’re even bringing in a bit of revenue with your product. Maybe you’re even bringing in a bit of revenue with your product. But your focus is still on keeping your expenses low. A lot of today’s successful tech companies - such as Basecamp, Mailchimp and Skyscanner - started as bootstrapped businesses.
    [Show full text]
  • A Look at How Five of the Biggest Tech Companies Probe New Terrain
    THEMIDDLEMARKET.COM MARCH 2020 A look at how fi ve of the biggest tech companies probe new terrain through early-stage investments CV1_MAJ0320.indd 1 2/24/20 4:16 PM Gain way. We designed our M&A Escrow experience to be a straight line from start to finish. With our comprehensive Deal Dashboard, streamlined KYC and account opening, and high-touch service through a single point of contact, try a better way on your next deal. Learn more at srsacquiom.com 0C2_MAJ0320 2 2/24/2020 11:54:58 AM Contents March 2020 | VOL. 55 | NO. 3 Cover Story 16 Fresh Terrain A look at how five of the biggest tech companies explore new territory through early-stage investments. Features 24 Viral impact How the coronavirus is affecting M&A and private equity. 27 Top investment banks Houlihan Lokey leads list based on volume of PE-backed U.S. deals 30 Top private equity firms Audax ranks first in U.S. deals. Private Equity Perspective 14 Record year for fundraising Blackstone’s $26 billion fund marked the largest buyout fund ever raised. The Buyside 15 Taking a new path XPO Logistics is selling assets and has Watercooler hired a new CFO to lead the process. 6 10 Guest article Climate change draws PE Future of auto 33 KKR raises first global impact fund to BorgWarner acquires Delphi to Women on board target clean water. position for auto industry shift. Gender diversity on corporate boards is good for performance and for 8 12 shareholders. Protecting businesses Why investors like steaks Advent and Crosspoint buy Smith & Wollensky owner purchases cybersecurity firm Forescout.
    [Show full text]
  • The View Beyond Venture Capital
    BUILDING A BUSINESS The view beyond venture capital Dennis Ford & Barbara Nelsen Fundraising is an integral part of almost every young biotech’s business strategy, yet many entrepreneurs do not have a systematic approach for identifying and prioritizing potential investors—many of whom work outside of traditional venture capital. re you a researcher looking to start a Why and how did the funding landscape During the downturns, it quickly became Anew venture around a discovery made change? apparent that entrusting capital to third-party in your laboratory? Perhaps you have already The big changes in the life science investor alternative fund managers was no longer an raised some seed money from your friends landscape start with the venture capitalist effective strategy, and investors began to with- and family and are now seeking funds to sus- (VC). In the past, venture capital funds were draw capital. The main reason for the with- tain and expand your startup. In the past, the typically capitalized by large institutional drawal (especially from VCs in the early-stage next step on your road to commercialization investors that consisted of pensions, endow- life science space) was generally meager returns would doubtless have been to seek funding ments, foundations and large family offices across the asset class; despite the high risk and from angels and venture capital funds; today, with $100 million to $1 billion in capital long lockup periods that investors accepted in however, the environment for financing an under management. Traditionally, the major- return for a promise of premium performance, early-stage life science venture looks strik- ity of these institutions maintained a low-risk, VCs were often not returning any more capital ingly different from that familiar landscape low-return portfolio of stocks and bonds that than investors would have earned by making of past decades.
    [Show full text]
  • Critical Signals of Success in Reward-Based Crowdfunding: Does Experience Matter?
    CRITICAL SIGNALS OF SUCCESS IN REWARD-BASED CROWDFUNDING: DOES EXPERIENCE MATTER? A THESIS Presented to The Faculty of the Department of Economics and Business The Colorado College In Partial Fulfillment of the Requirements for the Degree Bachelor of Arts By Nicolas Ahrens February 2015 CRITICAL SIGNALS OF SUCCESS IN REWARD-BASED CROWDFUNDING: DOES EXPERIENCE MATTER? Nicolas Ahrens February 2015 Economics Abstract Crowdfunding is a novel and promising method of raising early-seed capital for entrepreneurs. By leveraging the Internet, crowdfunding opens up a relatively large number of investors to entrepreneurial ventures. Academic research remains scarce on the subject, particularly in factors that predict fundraising success. Drawing from entrepreneurial selection theory and previous crowdfunding research, this paper accounts for the role of previous founder experience in current crowdfunding video game projects. Using Probit regression analysis, this paper finds that previous crowdfunding experience by a founder is the most influential signal in predicting fundraising success—more so than factors found in previous studies. Furthermore, founders who demonstrate support for other crowdfunding projects increase their probability of success for their own project. This finding raises a case that external motivations for investing exist within the crowdfunding realm. The conclusions in this paper can be of use to crowdfunding investors and platforms, as well as future academic research. KEYWORDS: crowdfunding, Kickstarter, entrepreneur, regression analysis, video games JEL CLASSIFICATION: L26, G24, C10 ACKNOWLEDGMENTS I would like to thank my advisor, Rich Fullerton, for his tremendous amount of support and guidance throughout this process. I would also like to thank Phoenix Van Wagoner for his technical ability and calm demeanor in what at times could be a stressful environment.
    [Show full text]
  • Financing Cycle: Source: by Kmuehmel
    Financing Cycle: Source: By Kmuehmel - Own work by uploader, derived from Startup_financing_cycle.JPG by Kompere, CC BY-SA 3.0, https://commons.wikimedia.org/w/index.php?curid=6206260 (This financing diagram illustrates how start-up companies are typically financed. First, the new firm seeks out "seed capital" and funding from "angel investors" and accelerators. Then, if the firm can survive through the "valley of death"–the period where the firm is trying to develop on a "shoestring" budget–the firm can seek venture capital financing.) Financing needs of any business depend on the stage through which the business is undergoing. Stage 1. Seed Funding/capital stage-(First Stage /Startup stage / Stage of financing during valley of Death) Seed money, sometimes known as seed funding or seed capital, is a form of securities offering in which an investor invests capital in a start-up company in exchange for an equity stake or convertible note stake in the company. The term seed suggests that this is a very early investment, meant to support the business until it can generate cash of its own, or until it is ready for further investments. Seed money options include : • friends and family funding, • angel funding, • Government Schemes/Grants • bootstrapping and • crowdfunding. (*Explanations in the next lecture.) Seed funding can be raised online using equity crowdfunding platforms such as SeedInvest, Seedrs and Angels Den. Investors make their decision whether to fund a project based on the perceived strength of the idea and the capabilities,
    [Show full text]
  • Capital Flows to Education Innovation 1 (312) 397-0070 [email protected]
    July 2012 Fall of the Wall Deborah H. Quazzo Managing Partner Capital Flows to Education Innovation 1 (312) 397-0070 [email protected] Michael Cohn Vice President 1 (312) 397-1971 [email protected] Jason Horne Associate 1 (312) 397-0072 [email protected] Michael Moe Special Advisor 1 (650) 294-4780 [email protected] Global Silicon Valley Advisors gsvadvisors.com Table of Contents 1) Executive Summary 3 2) Education’s Emergence, Decline and Re-Emergence as an Investment Category 11 3) Disequilibrium Remains 21 4) Summary Survey Results 27 5) Interview Summaries 39 6) Unique Elements of 2011 and Beyond 51 7) Summary Conclusions 74 8) The GSV Education Innovators: 2011 GSV/ASU Education Innovation Summit Participants 91 2 1. EXECUTIVE SUMMARY American Revolution 2.0 Fall of the Wall: Capital Flows to Education Innovation Executive Summary § Approximately a year ago, GSV Advisors set out to analyze whether there is adequate innovation and entrepreneurialism in the education sector and, if not, whether a lack of capital was constraining education innovation § Our observations from research, interviews, and collective experience indicate that there is great energy and enthusiasm around the PreK-12, Post Secondary and Adult (“PreK to Gray”) education markets as they relate to innovation and the opportunity to invest in emerging companies at all stages § Investment volume in 2011 exceeded peak 1999 – 2000 levels, but is differentiated from this earlier period by entrepreneurial leaders with a breadth of experience including education, social media and technology; companies with vastly lower cost structures; improved education market receptivity to innovation, and elevated investor sophistication.
    [Show full text]
  • US Mainstream Media Index May 2021.Pdf
    Mainstream Media Top Investors/Donors/Owners Ownership Type Medium Reach # estimated monthly (ranked by audience size) for ranking purposes 1 Wikipedia Google was the biggest funder in 2020 Non Profit Digital Only In July 2020, there were 1,700,000,000 along with Wojcicki Foundation 5B visitors to Wikipedia. (YouTube) Foundation while the largest BBC reports, via donor to its endowment is Arcadia, a Wikipedia, that the site charitable fund of Lisbet Rausing and had on average in 2020, Peter Baldwin. Other major donors 1.7 billion unique visitors include Google.org, Amazon, Musk every month. SimilarWeb Foundation, George Soros, Craig reports over 5B monthly Newmark, Facebook and the late Jim visits for April 2021. Pacha. Wikipedia spends $55M/year on salaries and programs with a total of $112M in expenses in 2020 while all content is user-generated (free). 2 FOX Rupert Murdoch has a controlling Publicly Traded TV/digital site 2.6M in Jan. 2021. 3.6 833,000,000 interest in News Corp. million households – Average weekday prime Rupert Murdoch Executive Chairman, time news audience in News Corp, son Lachlan K. Murdoch, Co- 2020. Website visits in Chairman, News Corp, Executive Dec. 2020: FOX 332M. Chairman & Chief Executive Officer, Fox Source: Adweek and Corporation, Executive Chairman, NOVA Press Gazette. However, Entertainment Group. Fox News is owned unique monthly views by the Fox Corporation, which is owned in are 113M in Dec. 2020. part by the Murdoch Family (39% share). It’s also important to point out that the same person with Fox News ownership, Rupert Murdoch, owns News Corp with the same 39% share, and News Corp owns the New York Post, HarperCollins, and the Wall Street Journal.
    [Show full text]
  • IDIP UROP Report
    UNDERSTANDING INNOVATION & ENTREPRENEURSHIP IN FLANDERS MIT Innovation Diplomat UROP | Final Report | Fall 2016 Sefa Yakpo !1 TABLE OF CONTENTS Page I. Executive Summary ……………………………………………………………………. 2 II. Introduction ……………………………………………………………………………. 8 III. Methodology ……………………………………………………………………………. 10 IV. The Flemish Innovation Ecosystem …………………………………………………. 13 A. Government ………………………………………………………………………… 13 B. Corporate …………………………………………………………………………… 25 C. Risk Capital …………………………………………………………………………. 28 D. University ……………………………………………………………………………. 31 E. Entrepreneur …………………………………………………………………...…… 37 V. Recommendations ………………………………………………………………………. 44 VI. Future Research & Engagement Opportunities ……………………..……….……… 48 VII. References ……………………………………………………………………………….. 49 VIII. Acknowledgements ……………………………………………………………………. 54 !2 I. EXECUTIVE SUMMARY Situated in the northern half of Belgium, between France and the Netherlands, Flanders is a region that has featured prominently in European history, but that has only experienced heavy industrialization since the second half of the 20th century. Since the second oil shock of the late ‘70s, the region has looked to spur innovation through its “Third Industrial Revolution”, focusing on IT, biotech and new materials. I am interested in analyzing and identifying existing gaps in today’s innovation-driven entrepreneurial (IDE) ecosystem in Flanders. To this end, I have sourced information from 10 formal interviews, literature review, and online research, and consequently applied the MIT Sloan School of Management’s
    [Show full text]
  • Investing in Our Competitive Future
    Investing in Our Competitive Future: Approaches to Increase Early Stage Capital in Washington State Report of the Technology Alliance Seed Funding Committee January 2007 Technology Alliance 1301 Fifth Avenue, Suite 2500 Seattle, Washington 98101 www.technology-alliance.com Table of Contents Acknowledgements................................................................................... 1 Introduction............................................................................................. 3 Overview of committee objectives and process The Competitive Landscape....................................................................... 5 The funding climate in Washington Venture capital Angel capital Washington’s challenges Survey of approaches in other states Grants and loans Equity investment vehicles Tax credit programs Washington’s Opportunity....................................................................... 13 Committee recommendations to increase early stage investment in young Washington companies Organized angel investor groups Angel sidecar funds Fund of funds State constitutional amendment Appendix A: Washington State Constitutional Provisions……………… 17 Appendix B: Catalog of State Programs………………………………….. 19 Acknowledgements Technology Alliance Seed Funding Committee Co-Chairs Henry James, Goldman Sachs Patrick Schultheis, Wilson Sonsini Goodrich & Rosati Members Tom Alberg, Madrona Venture Group H. Stewart Parker, Targeted Genetics Robert Bergquist, Widemile Dan Rosen, Dan Rosen & Associates Paul Isaki, Port of Seattle Rafael
    [Show full text]
  • Ten Months of Venture Capital Here's Who Invests in Italy’S Startups
    November 2019 Ten months of venture capital Here's who invests in Italy’s startups EdiBeez srl - head office Corso Venezia, 8 - 20121 Milan - head office Corso Italia, 22 - 20122 Milan - PIVA 09375120962 1 The activity of venture capital investors is increasingly effervescent in Italy, although the numbers are still small. What is striking, however, is the rate of growth in the number of deals and above all the fact that we are starting to see numerous scaleups, i.e. startups that are growing and attracting increasing volumes of investments. From the beginning of the year to Friday, November 8, BeBeez Private Data (the BeBeez database available as a subscription, click here for information and an upgrade of your BeBeez News Premium subscription) calculated that 199 startups and scaleups closed venture rounds for a total of 528.6 million euros. The figure also includes money raised thanks to equity crowdfunding campaigns. Infact, according to data from CrowdfundingBuzz (the information platform published as BeBeez by EdiBeez srl), equity From the beginning crowdfunding platforms in Italy as a whole have raised over 52 million euros since the beginning of of the year the year, of which about 13 millions went to finance real estate initiatives for a total value of 12.6 to last Nov. 8th, millions. However, BeBeez as for its venture capital report does not take into account the capital 198 startups raised for real estate projects, so the total of 528,6 million is net of real estate. The remaining 39.6 millions in equity crowdfunding, on the other hand, concerned 103 companies.
    [Show full text]
  • The Role of Private Equity
    Academic Network in Entrepreneurship, Innovation and Finance Proceedings of the First Specialized Research Workshop on Managing Growth: The Role of Private Equity Edited by: Tom Schamp http://www.gate2growth.com The Gate2Growth Academic Network is managed by the European Institute of Advanced Studies in Management (EIASM) and the Vlerick Leuven Gent Management School (VLGMS) on behalf of the European Commission services The practice-oriented version of the here-included papers were published under the title: Entrepreneurship and the Financial Community: Starting up and Growing New Businesses Bart Clarysse, Juan Roure & Tom Schamp (Eds.) Edward Elgar Cheltenham, UK • Northampton, MA, USA ©2005 - European Communities Reproduction within the framework of the Gate2Growth Initiative is authorized provided the source is acknowledged. LEGAL NOTICE: Neither the European Commission, nor any person acting on behalf of the Commission is responsible for the use, which might be made of the following information. The views expressed in this study are those of the authors and do not necessarily reflect the policies of the European Commission or any person acting on behalf of the Commission. http://www.gate2growth.com The Gate2Growth Academic Network is managed by the European Institute of Advanced Studies in Management (EIASM) and the Vlerick Leuven Gent Management School (VLGMS) on behalf of the European Commission services Table of Contents Table of Contents 3 Foreword and Introduction 4 Part 1: The Financial Community’s Perspective on the Role of 7 Private Equity Ch. 1: Investment into Venture Capital Funds in Europe: An Exploratory 8 Study Ch. 2: Business Angels Academies: Unleashing the Potential for Business 28 Angel Investment Ch.
    [Show full text]