My ideas for 2016/17 SECA Yearbook 2016 SECA Yearbook 2016 Yearbook SECA Make your own notes. Welcome to The representative body for Switzerland’s private equity, Chairman Bernd Pfister venture capital and corporate finance industries The Swiss Private Equity & Corporate Finance Association (SECA) is the Communication General Secretary Martin Meier-Pfister Maurice Pedergnana representative body for Switzerland‘s private equity, venture capital and corporate Marie-Hélène Hancock finance industries. SECA has the objective to promote private equity and corporate Secretary Andrea Villiger Fabian Kuhn finance activities in Switzerland. Marianne Zutter (Romand) *Chapter Members of the SECA include equity investment companies, banks, corporate finance Chapter Seed Money Chapter Chapter Chapter Young SECA & Venture Capital Private quity Corporate Finance Legal & Tax Cédric Vollmar Jean-Philippe Tripet Björn Böckenförde Beat Unternährer Hannes Glaus advisors, auditing companies, management consultants, lawyers and private investors. Alan Frei Ulrich Geilinger Rolf Friedli Beat Kühni Marc P. Bernegger Peter Letter Rolf Lanz Gian-Reto Conrad Our Member Services are: Dieter Wirth Philipp Dialer Alexander Stoeckel Roberto Paganoni Stefan Rösch-Rütsche Christian Koller Thomas von Hohenhau Beat Speck* Karl Spielberger Jean-François Lagassé Jacques Bonvin Stefan Steiner Weekly eNewsletter / professional networking / website information on contracts and Diego Braguglia Cédric Bruix valuation principles / events & conferences / media analysis / research & statistics / * Appointed to election by the annual general meeting on 4th of May 2016. Comité Romand publications in German, French & English / Yearbook Pierre Kladny, Lead Comité Romand: VC Comité Romand: PE Comité Romand: CF Comité Romand: L&T *Comité Romand: Y-SECA Diego Braguglia Cédric Bruix Jean-François Lagassé Jacques Bonvin Benjam Vetterli More information on www.seca.ch or give us a call. Caroline Gueissaz Marc-Antoine Voisard Christian Mustad Andreas Roetheli Christian Mauriand * Appointed to election by the annual general meeting on 4th of May 2016 Swiss Private Equity & Corporate Finance Association T: +41 41 757 67 77 Grafenauweg 10 / P.O. Box 7344 F: +41 41 757 67 00 CH-6302 Zug [email protected] / www.seca.ch Print run 1200 Publisher SECA – Swiss Private Equity & Corporate Finance Association Conception Maurice Pedergnana ([email protected]) Editor-in-Chief Fabian Kuhn ([email protected]) Support Andrea Villiger ([email protected]) Production Druckerei Odermatt AG, 6383 Dallenwil, Switzerland (www.dod.ch) Pictures www.fotalia.com Welcome to The representative body for Switzerland’s private equity, venture capital and corporate finance industries The Swiss Private Equity & Corporate Finance Association (SECA) is the representative body for Switzerland‘s private equity, venture capital and corporate finance industries. SECA has the objective to promote private equity and corporate finance activities in Switzerland. Members of the SECA include equity investment companies, banks, corporate finance advisors, auditing companies, management consultants, lawyers and private investors. Our Member Services are: Weekly eNewsletter / professional networking / website information on contracts and valuation principles / events & conferences / media analysis / research & statistics / * Appointed to election by the annual general meeting on 4th of May 2016. publications in German, French & English / Yearbook More information on www.seca.ch or give us a call. Swiss Private Equity & Corporate Finance Association T: +41 41 757 67 77 Grafenauweg 10 / P.O. Box 7344 F: +41 41 757 67 00 CH-6302 Zug [email protected] / www.seca.ch Print run 1200 Publisher SECA – Swiss Private Equity & Corporate Finance Association Conception Maurice Pedergnana ([email protected]) Editor-in-Chief Fabian Kuhn ([email protected]) Support Andrea Villiger ([email protected]) Production Druckerei Odermatt AG, 6383 Dallenwil, Switzerland (www.dod.ch) Pictures www.fotalia.com My ideas for 2016/17 SECA Yearbook 2016 Make your own notes. SECA Yearbook 2016 SECA Yearbook 20201616 Content Chapter I Report from the President .................................................................................................. 5 Chapter II Chapters & Working Groups ........................................................................................... 13 Chapter III Events & Education............................................................................................................ 37 Chapter IV Financial Audit & Report ................................................................................................. 43 Chapter V Membership Reporting .................................................................................................... 47 Full Members ....................................................................................................................... 48 Associate Members ........................................................................................................... 194 Individual Members & Honorary Members ................................................................. 227 Young SECA Members .................................................................................................... 232 Chapter VI Partner Associations ........................................................................................................ 237 Chapter VII Articles of Association .................................................................................................... 239 Chapter VIII SECA membership / benefits ........................................................................................ 241 Chapter IX Key People ......................................................................................................................... 247 2 2 Inserat.indd 1 26.02.16 14:01 SECA Yearbook 20120166 INSERAT 1 Cross Equity (ganze Seite) 3 3 Inserat.indd 1 26.02.16 14:01 SECA Yearbook 20201616 INSERAT 2 Hochschule (ganze Seite) Wir führen Sie weiter! Als Institut der Hochschule Luzern – Wirt- Master of Advanced Studies schaft sind wir in der Schweiz das führende – MAS Bank Management Fachhochschulinstitut im Finanzbereich. Wir – MAS Controlling – MAS Corporate Finance bieten Finanzfachleuten aus Unternehmen – MAS Economic Crime Investigation sowie Fach- und Führungskräften aus der – MAS Immobilienmanagement Finanzbranche Weiterbildungs-, Forschungs- – MAS Pensionskassen Management – und Beratungsdienstleistungen an. MAS Private Banking & Wealth Management – MAS Risk Management Auf hohe Qualität legen wir Wert. Als markt- Diploma of Advanced Studies orientierte Weiterbildungsinstitution bieten – DAS Accounting wir Dienstleistungen in einem attraktiven – DAS Bank Management – Preis-Leistungs-Verhältnis an. Unser oberstes DAS Compliance Management – DAS Controlling Ziel sind zufriedene Kundinnen und Kunden. – DAS Corporate Finance – DAS Pensionskassen Management – DAS Private Banking & Wealth Management Mehr Informationen – DAS Risk Management www.hslu.ch/ifz-weiterbildung T +41 41 757 67 67, [email protected] Certificate of Advanced Studies – CAS Commodity Professional – CAS Digital Banking – CAS Finanz- und Rechnungswesen für Juristen – CAS Finanzmanagement für Nicht-Finanzfachleute – CAS Führungskompetenz für Finanzfachleute – CAS Swiss Certified Treasurer (SCT)® – CAS Tax Compliance Management Fachausbildungen – Fachkurs Controlling – Fachkurs Finanzen – Fachkurs Financial Six Sigma 4 – Grundkurs Rechnungswesen 4 Summer School/Seminare und Konferenzen SECA Yearbook 20120166 Painting by Lucas Wirp „Like sailors in the storm, we cannot change the weather or the direction of the wind. But we can change the direction of our sails and row.“ Bob Rae Chapter I Report from the President 5 5 SECA Yearbook 20201616 Report from the Chairman After all a good year 2015 with currency shock and a volatile tale end Dear Members and Readers The global financial crisis created a challenging business environment, feeding through the corporate and financial world and reshaping the private equity industry as a whole. New Chart 1: All Private Equity Strategy Sentiment (2015) buyout activity is still at historically low levels, Source: Preqin Investor Outlook 2015: Private Equity representing less than 5% of the global M&A It is hard to invest this wall of capital in small to market due to a lake of mega-buyouts. Fur- medium-sized deals. Therefore, the single thermore, private equity funds have had to cope biggest problem for private equity today, is the with low-growth Europe by investing in secular ability to deploy capital. This situation is driven growth-oriented assets and seeking internation- by lack of primary deals on the market, and al expansion of the portfolio companies. This increasing competition between new sources of development reflected throughout the Swiss capital represented by equity markets, strategic economy and private equity markets. buyers and emerging buyers (family offices, Today, the world is flush with cash: private Asian corporates, pension funds etc.), some of debt and equity markets have reasonable li- whom have a significant lower cost of capital quidity, the recent market volatility has pushed and ability to take differentiated views on up credit spreads in some low credit qualities, strategy and investment horizon. but good quality debt trades at all-time lows With more than US$ 1.3 trillion of dry powder and the financing of new buyout