SECA | Swiss Private Equity & Corporate Finance Association

eNewsletter no. 460 Dear Reader 26 July 2016

SECA

Venture Capital

Private Equity – Swiss News

Private Equity – Int. News

Corporate Finance

Mergers & Acquisitions

Management Buyout SECA will now have a summer break and will therefore reduce the Book of the Week newsletter frequency. We wishes you a fantastic summer full of sun, fun and relaxation Jobs wherever that may be. Agenda The SECA Team Editor

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SECA

Beiträge zu Startups Schweiz

Die Beiträge im Schweizer Fernsehen SRF zu den Startups in der Schweiz sind erschienen, auch dank der Unterstützung von SECA Mitgliedern. Sie finden diese unter den folgenden Links:

http://www.srf.ch/news/wirtschaft/start-up/in-der-reichen-schweiz-fehlt-den-start-ups-das-geld http://www.srf.ch/news/start-ups-die-unterschaetzten-innovatoren?srg_shorturl_source=startup

http://www.srf.ch/news/infografik/start-ups-in-der-schweiz

http://www.srf.ch/news/wirtschaft/start-up/nicht-zuerich-basel-ist-das-start-up-mekka

Dave Brown, our Business Angel of 2016: "This needs to be sorted out"

Dave Brown, the SECA Swiss Business Angel of 2016, has some freshingly different views. Read more in his interview with startupticker.ch. One of Brown’s main messages is that VC funding requires stable growth prospects. Source: startup ticker.ch

TOP 100 Swiss Startups 2016 - register now

Wednesday, September 14th, 2016, NZZ Print, Zürcherstrasse 39, 8952 Schlieren

Elected experts of the Swiss startup scene have chosen the 100 best young entrepreneurs of Switzerland. The new ranking list of 2016 was compiled in cooperation with Handelszeitung, the journalist Claus Niedermann and the Institut für Jungunternehmen.

Registration

5. SECA Private Equity Workshop

4-5. November & 25-26. November 2016

SECA Private Equity Workshop: Die Assetklasse Private Equity & Private Markets vermittelt in kompakter Form für Praktiker. Auf spannende Fragen gibt es Antworten...

Weshalb gehören die Endowments von Harvard und Yale zu den erfolgreichsten Investoren weltweit?

Auf was beruhen die Erfolgsgeschichten von Yahoo, Amazon, ebay, Adobe, Intel, Cisco Systems und Genentech?

Was haben Google, Facebook, Doodle, Odlo, Schild, Ticketcorner, Hirslanden, Phonak/Sonova, Gategourmet, SR Technics, Stadler und Geberit gemeinsam?

Welche Assetklasse erzielt langfristig eine weit überdurchschnittliche Wertsteigerung?

Welche Investmentopportunitäten und Herausforderungen ergeben sich aus dem zunehmend bedeutender werdenden Bereich von Private Markets?

Das detaillierte Programm folgt bald. weitere Informationen und Anmeldung

SECA Evening Event: Private Equity Investoren – Dichtung und Wahrheit

Mittwoch, 23. November 2016, Widder Hotel, Zürich

Private Equity Investoren bzw. Finanzinvestoren gelten noch immer bei vielen Unternehmern als „nicht erwünschte“ Käufer für ihr Unternehmen. Dies obwohl inzwischen mehrere Studien – nicht nur in USA, sondern auch in Europa – belegen, dass Private Equity Investoren insgesamt und über die gesamte Laufzeit keineswegs Arbeitsplätze zerstören, sondern neue Arbeitsplätze schaffen.

Ziel dieser Veranstaltungen ist es, die Realität aufzuzeigen. Ein Unternehmer und ein CEO teilen ihre Erfahrungen im Verkauf an und Zusammenarbeit mit Private Equity Investoren im Rahmen einer Podiumsdiskussion. Herr Thomas Gabathuler und Herr Marc Aeschlimann haben ihr Unternehmen an Private Equity Investoren verkauft resp. wurden rekrutiert und haben jahrelang mit dem neuen Besitzer zusammengearbeitet. Praxisberichte aus erster Hand.

Flyer

weitere Informationen und Anmeldung

Venture Capital

Number26 - from a startup to a bank in 18 months!

After closing a $40m Series B funding round last month, Redalpine announced that Redalpine Capital II portfolio company Number26 has acquired a full banking license from the Federal Financial Supervisory Authority (BaFin) and the European Central Bank (ECB). This is a huge step for the Berlin based startup in their quest to transform the banking landscape. At the same time Number26 is simplifying its appearance by rebranding to N26.

Ever since their launch back in January 2015 the team around the founders Valentin Stalf and Maximilian Tayenthal has kept disrupting the financial industry by creating a true FinTech platform focused on personalization, innovation and speed. With the European banking license, N26 has set the basis to strengthen its platform and to accelerate their geographical expansion. In addition, they get the opportunity to offer their customers a wide range of new products, such as savings accounts, investment products and credit offerings. Some of these products will be developed in-house and others from partnering with the most innovative FinTech companies and financial service providers in the market. Some of the new products will already be available in the coming weeks, so stay tuned.

Source Redalpine

Venture-Capital-Initiative - 6. Call der aws in DACH

Mit der Venture-Capital-Initiative verfolgt die aws das Ziel, den heimischen Markt für Frühphasenfinanzierung zu stimulieren und darüber hinaus Anreize für internationale Venture Capital-Fonds für ein verstärktes Engagement bei österreichischen Unternehmen zu setzen. Die Venture-Capital-Initiative unterstützt die Mobilisierung von privatem Risikokapital für die Finanzierung der Gründungs- und Wachstumsphase von jungen forschungs- und technologieorientierten Unternehmen durch Co-Investments mit Venture Capital-Investoren – mit einem regionalen Schwerpunkt in Österreich. Nähere Informationen finden Sie in der beiliegenden Detailinformation und auf der Homepage der aws.

Detailinformation

Creathor Venture leads Series B financing round of € 5.2 million in CryoTherapeutics

Creathor Venture, one of the leading European Venture Capital firms, leads a Series B financing round in CryoTherapeutics, the developer of a proprietary cryotherapy system for use in the treatment of coronary artery disease. The life science start-up CryoTherapeutics receives at total of € 5.2 million in the current Series B financing round from Creathor Venture as well as from the existing investors NRW.BANK, Peppermint CBF, High-Tech Gründerfonds (HTGF), Getz Brothers, Kreditanstalt für Wiederaufbau (KfW) and several renowned business angels.

press release Medienmitteilung

EQT leads Series A funding round for Service Partner ONE

On 06/07/16 it was announced that Service Partner ONE GmbH, the Berlin, Germany based online office management Software-as-a-Service (SaaS) provider, has received more than USD 10 million in a Series A (first round) funding round let by EQT Ventures. Target Global, Vito Ventures Management GmbH, Rheingau Founders GmbH, Ringier Digital Ventures AG (the investment arm of Ringier Digital AG) and Earlybird VC Management GmbH & Co KG also participated. Source: Zephyr

Luzerner Kantonalbank invests in Bricks & Bytes

On 06/07/16 it was annouced that Luzerner Kantonalbank AG has invested an undisclosed sum in Bricks & Bytes AG, the Zurich, Switzerland based online real estate crowdfunding website operator which trades as crowdhouse. Source: Zephyr

Mr Eric Sarasin has invested in Advanon On 29/06/16 it was announced that Mr Eric Sarasin has invested in Advanon

GmbH, a Zurich, Switzerland-based online invoice financing platform operator. Source: Zephyr

Doodle to acquire Meekan

On 30/06/16 it was announced that Doodle AG, a subsidiary of Tamedia AG, has agreed to acquire Meekan, a Tel Aviv, Israel-based online cross-vendor calender scheduling application operator, from founders Mr Lior Yavor, Mr Eyal Yavor, and Mr Matty Mariansky, along with previous investor Horizon Ventures LLC. Source: Zephyr

Nextech Announces Portfolio Company Collaboration

Nextech Invest announced that Jounce Therapeutics, a Nextech portfolio company, has entered into a major strategic collaboration with Celgene Corporation to develop and commercialize innovative immuno-oncology treatments. Jounce will receive an upfront payment of USD 225 million, a USD 36 million equity investment, and up to USD 2.3 billion in additional future milestone payments across all programs included in the collaboration.

RaiseNow acquires Formunauts stake

On 18/07/16 it was announced that RaiseNow AG has acquired a stake of undisclosed size in Formunauts GmbH, the Vienna, Austria based mobile fundraising application provider, for an undisclosed consideration. Source: Zephyr

Silent Circle receives third round funding from Santander

On 15/07/16 it was announced that Silent Circle, the Geneva, Switzerland based secure VoIP communication services provider, has received USD 50 million in third round (Series C) funding from Banco Santander SA. Source: Zephyr

Dr. Philippe Dro appointed as CEO

NeMoDevices AG, a Swiss based developer in the innovative monitoring of brain blood flow and oxygen levels, announced the appointment of Serial Entrepreneur Dr. Philippe Dro as Chief Executive Officer of the company. Dr. Philippe Dro previously served as CEO of GlycoVaxyn AG, a Swiss biotech startup in vaccines, which was acquired by GSK in early 2015. Before GlycoVaxyn, Dr. Philippe Dro was CEO of EndoArt SA, a medical technology company spin-out from the École polytechnique fédérale de Lausanne (EPFL), which was acquired by Allergan in early 2007.

Medienmitteilung Press Release

Skioo raises further funds from Mr Aksel Lund Svindal and other investors

On 29/06/16 it was announced that start-up Skioo SA, a Lausanne,

Switzerland-based online skiing pass platform operator, has raised CHF 6 million in a round of funding from investors including Mr Aksel Lund Svindal. Source: Zephyr

Spearhead Integrated Marketing proposes acquisition of Smaato

On 08/06/16 it was announced that Spearhead Integrated Marketing Communication Group Co. Ltd, through a fund invested in by one of Spearhead's wholly-owned subsidiaries, has made a proposal to acquire Smaato Inc., a San Francisco, California-based mobile advertising optimisation technology developer from founder Mr Ragnar Kruse for a total consideration of USD 148 million. The transaction will represent an exit for Aeris Capital AG and other early investors. Source: Zephyr

Spin-offs der ETH Zürich und Lausanne retten Leben und machen Sportplätze digital

ETH Spin-offs aus Zürich und Lausanne erhalten je 130‘000 Franken Startkapital am Venture Kick Finale. Während Pregnolia von der ETH Zürich ein Gerät entwickelt, mit dem sich das Risiko für Frühgeburten zuverlässig bestimmen lässt, ermöglicht das EPF Lausanne Spin-off Technis dank smarter Tennisplätze, sportliche Leistungen zu verbessern.

Medienmitteilung

Venture Capital-Gesellschaft b-to-v Partners investiert bankimia

Bankimia, das führende spanische Vergleichsportal für Finanzprodukte, hat erfolgreich eine weitere Finanzierungsrunde abgeschlossen. Die Venture Capital-Gesellschaft b-to-v Partners sowie Altinvestor Cabiedes & Partners investieren mehr als 2 Millionen Euro in das 2007 in Barcelona gegründete Fintech-Unternehmen. Bankimia beschäftigt derzeit 114 Mitarbeiter und operiert seit mehreren Jahren profitabel. Mit dem frischen Kapital will das Team seine Marktstellung und Bekanntheit im spanischen Markt weiter ausbauen sowie die technologische Entwicklung vorantreiben.

Bioz secures seed financing led by 5am Venture Management

On 20/07/16 it was announced that start-up Bioz Inc., a Palo Alto, California-based online cloud-based life science experimentation search engine platform operator has secureed USD 3 million in seed financing led by 5am Venture Management LLC. Other participants in the funding round included Astia Angels, Stanford-StartX Fund, an equity fund managed by StartX as well institutional and individual investors including Ms Esther Dyson from Zurich, Switzerland.

Private Equity – Swiss News

Akina promotes four senior members of the firm to Partner

Akina, a leading specialist advisor to European private equity vehicles, is pleased to announce the promotion of Natalia Sigrist, Dr Christian Böhler,

Francesco Aldorisio and Viktor Speckinger to Partner. press release

Castle Private Equity - June 2016 NAV decreased by 0.3 per cent to USD 16.40 per share

CastlePE's net asset value declined by 0.3 per cent during June. The monthly investment result was driven by several small valuation decreases which were partially offset by write-ups in portfolio companies H Line Shipping, Daehan Cement and Mable by Hahn & Company I.

June's cash flows were once again very favourable: CastlePE received distributions of over USD 11 million, primarily driven by the realisation of Vertafore by TPG V and the partial realisations of Bioment by TPG V and Zayo Bandwidth by Columbia IV. Overall investment outflows in the month stopped at less than USD 1 million. Uncalled capital was unchanged at USD 53 million or 11.1 per cent of net asset value during the month. During June, USD 1.2 million was used to purchase 48,716 shares on the 2015-2016 buyback program.

The monthly report

Partners Group to lead consortium including CDPQ and CIC in acquisition of Foncia

Partners Group is leading a consortium of investors in the acquisition of Foncia, France's market-leading provider of residential property management services. Partners Group, which is investing on behalf of its clients, will be joined in the acquisition by Caisse de dépôt et placement du Québec and CIC Capital Corporation, a wholly-owned subsidiary of China Investment Corporation, as well as Foncia's management team. The consortium is acquiring Foncia from private equity firms Bridgepoint and Eurazeo, which bought the Company in 2011. Founded over 40 years ago and headquartered in Paris, France, Foncia provides a range of services to residential property owners and tenants. Foncia operates a network of over 500 branches and manages a portfolio of more than 1.8 million properties across France, Belgium, Switzerland and Germany. It employs more than 8,000 people and generated revenues of approximately EUR 700 million in 2015.

Download press release

Partners Group to open office in Manila

Partners Group plans to expand its Asian presence with the opening of an office in the Philippines in September 2016. The office, which will be located in Manila's Bonifacio Global City business district, will act as a services hub for Partners Group affiliates, supporting the continued growth of the firm globally..Partners Group opened its first Asian office in Singapore in 2004, followed by Tokyo in 2007 and Sydney and Seoul in 2008. Today, the firm also has offices in Shanghai and Mumbai and employs over 250 people in the Asia-Pacific region across all of its business lines. In 2015, Partners Group made nine direct investments in Asia on behalf of its clients, including investments in Aiyingshi, a leading Chinese retailer of maternity and baby products, and Ararat Wind Farm near Melbourne, Australia. In June 2016, Partners Group participated in the joint acquisition of a majority stake in Au Housing Finance, a provider of housing loans in India's affordable housing segment, on behalf of its clients.

Download press release

Spice Private Equity with new guidelines

Spice Private Equity Ltd announced an amendment to its Investment

Guidelines, as well as the receipt of a letter from GP Investments, Ltd. providing Spice with a waiver on management and performance fees and with priority to invest in opportunities sourced by GP.

press release

Sulzer to acquire GEKA from 3i and others

On 04/07/16 it was announced that, in an agreement signed on 01/07/16, Sulzer Mixpac AG, an indirect subsidiary of Sulzer AG, definitively agreed to acquire GEKA GmbH, the Bechhofen, Germany based cosmetic and pharmaceutical brush and applicator manufacturer, from 3i Group plc, 3i's funds and other shareholders for an enterprise value of EUR 260 million. The transaction is subject to regulatory approvals and is expected to complete by 30/09/16. The transaction will provide 3i with an exit. 3i and its funds will receive proceeds of EUR 178 million which represents a 1.8x money multiple. 3i will receive proceeds of EUR 102 million. Source: Zephyr

Private Equity – Int. News

Media Monitoring

Private Equity und Mittelstand

Wachstum des Schattenkapitals wird die Renditen von Private-Equity-Fonds reduzieren (Ausgabe...

OpenGate Capital beschafft 305 Millionen US-Dollar für ersten institutionellen Private Equity Fonds

Die weltgrössten Player bei Alternativen Investments

Marlin Equity Partners : Marlin Equity Partners verzeichnet Abschluss von 325 Millionen EUR für ...

Finanzinvestoren finden weniger Kaufgelegenheiten

Chinesen kaufen 37 deutsche Firmen in 6 Monaten - Rekord Chinas Firmenkäufe in Deutschland ...

Buchhandel: Lupp steuert für Verlegerfamilie Zukauf von Thalia

Wo Mächtige investieren

Corporate Finance

IPO-Newsletter Q2 2016

Das Fenster für «Initial Public Offerings» (IPOs) hat sich im Q2 2016 in der

Schweiz erfreulicherweise wieder geöffnet. Mit VAT Group AG und Investis Holding SA ist zwei Gesellschaften eine erfolgreiche Publikumsöffnung gelungen. Die positive Kursentwicklung der Schweizer IPOs ist gemäss Dr. Andreas Neumann, Leiter Equity Capital Markets bei der Zürcher Kantonalbank, im gegenwärtigen Umfeld umso erfreulicher, wenn man bedenkt, dass sich die Emissionstätigkeit in Europa und den USA im 2. Quartal 2016 deutlich abgeschwächt und die Volatilitäten an den Finanzmärkten rund um den «Brexit» deutlich zugenommen haben.

ZKB - IPO-Newsletter Q2 2016

Charles Vogele selling Belgian unit

Swiss fashion retailer Charles Vogele is planning to divest its Belgian division as part of a judicial reorganisation which has been approved by the Commercial Court in Antwerp. Charles Vogele was founded in 1955 and now claims to be a leader in its field in Switzerland. The SIX Swiss Exchange-listed company’s products are offered mainly within the middle price segment and it operates in excess of 761 outlets throughout seven countries. It employs some 6,209 people. Source: Zephyr

Infront sells MATCH Hospitality stake to private investor

On 24/06/16 it was announced that Infront Sports & Media AG has sold its 5 per cent stake in MATCH Hospitality AG, the Zurich, Switzerland based hospitality package marketing services provider, to a private investor for an undisclosed consideration. The contract was signed at the end of 2015 and the transaction completed in early June 2016. Source: Zephyr

Acino acquires Polva-based manufacturing plant of Takeda

On 13/07/16 it was announced that Acino International AG has acquired the Polva-based manufacturing plant of Takeda Pharmaceutical Co., Ltd, an Osaka, Japan-based pharmaceuticals manufacturer. Source: Zephyr

Barnes to pick up FOBOHA

Barnes Group has inked an agreement to acquire German industrial plastic mould manufacturer FOBOHA Holding from Adval Tech Holding for CHF 133.0 million (USD 122 million) on a cash- and debt-free basis. The transaction will be financed via cash and a revolving credit facility.

Connecticut-based Barnes was incorporated in 1857 and operates as an international industrial and aerospace maker that brings highly engineered products to the transportation, communication and manufacturing industries. The business, which was formerly known as Associated Spring, is listed on the New York Stock Exchange under the ticker symbol B and its shares closed at USD 36.09 yesterday, valuing the group at more than USD 1.94 billion.

Isocol targets Euronext IPO

Isocol Holdings, the Swiss-registered owner of the Australian rubbing alcohol antiseptic brand Isocol, has turned its sights on expansion in Europe by way of an initial public offering (IPO) following a restructuring in April. The household product company said it is aiming to list on the Euronext Paris exchange as part of its global growth strategy, which includes ramping up its footprint in the fast-growing Asian retail market.

Pistor has taken a minority stake in Farmy

On 29/06/16 it was announced that Pistor AG has acquire a minority stake in Farmy AG, a Zurich, Switzerland-based online natural food shopping website operator. Source: Zephyr

Veraison SICAV acquires Leonteq stake

On 07/07/16 it was announced that on 28/06/16 Veraison SICAV acquired

513,587 shares in Leonteq AG, the Zurich, Switzerland based technology and service platform operator. This is reported to represent a stake of 3.221 per cent. Based on the closing share price of CHF 50.75 on 27/06/16 an estimated deal value of CHF 26,2 million can be calcuulated. Source: Zephyr

Santo Holding and Swiss Pharma to form JV Bioeq IP

On 10/06/16 it was announced that Santo Holding AG, the Zurich, Switzerland-based investment holding company, and Swiss Pharma International AG, the Zurich, Switzerland-based pharmaceuticals reasearch and development services company, are to form a joint venture called Bioeq IP AG. Source: Zephyr

Consortium to invest in Olympique de Marseille: Le Provence

French Ligue 1 football club Olympique de Marseille is set for an investment of between EUR 250.00 million and EUR 300.00 million, according to La Provence. The paper said Italian-Swiss banker Pablo Dana was to lead a consortium to inject funds into the team, which finished 13th in the league in the 2015-16 season. In an interview with La Provence, he said the deal would also include an undisclosed payment for a majority share of the business. Source: Zephyr

Mergers & Acquisitions

M&A Schweiz OUTLOOK

Wir freuen uns, Ihnen den vierten M&A Outlook für die Schweiz von Binder Corporate Finance AG zu präsentieren, der aufzeigt, wie sich die Transaktionsaktivität mit Beteiligung von Schweizer Unternehmen in den nächsten 12 Monaten entwickeln wird.

M&A Schweiz OUTLOOK

Competec Holding has bought business of Babymuller.ch

On 01/07/16 it was announced that Competec Holding AG has acquired the business of Babymuller AG, a Dielsdorf, Switzerland-based online baby products retailer. Source: Zephyr

EuroChem to acquire a majority stake in Fertilizantes

EuroChem Group has signed on the dotted line to buy a 50.0 pc interest in

Brazilian fertiliser manufacturer Fertilizantes Tocantins for an undisclosed amount. Dmitry Strezhnev, chief executive of the purchaser, stated: "The acquisition of Fertilizantes Tocantins creates compelling growth opportunities for EuroChem in Brazil, allowing us to significantly expand our offering of high-quality fertilisers to local farmers.” Switzerland-headquartered EuroChem is billed as a leading global agrochemical company producing primarily nitrogen and phosphate fertilisers, as well as certain organic synthesis products and iron ore. The business, which employees more than 23,400 employees, has operations in Belgium, China, Kazakhstan, Lithuania, Russia and the US.

Galenica snaps up Relypsa for USD 1.5bn

Galenica is beefing up its operations in the US via the public takeover of

Relypsa for USD 1.53 billion even as the Swiss pharmacy network operator pushes on with plans to split into two independent listed entities next year. The Nasdaq-quoted Californian biopharmaceutical company is focused on the discovery and development of polymeric medicines for patients with conditions that can be addressed in the gastrointestinal tract. Galenica will be getting its hands on lead product Veltassa, which was approved by the US Food and Drug Administration for the treatment of hyperkalaemia in October 2015. This drug is the first medicine for elevated blood potassium levels to be approved in the States in more than 50 years, and the only hyperkalaemia treatment with long-term data in its label supporting chronic use.

Holenstein to acquire Hans Peter Brutsch

On 11/07/16 it was announced that Holenstein AG Transporte/Logistik is acquiring Hans Peter Brutsch AG, a Schaffhausen, Switzerland-based provider of logistics and transportation services, from founder Mr Hans Peter Brutsch. The transaction is due to be completed on 01/09/16. Source: Zephyr

Kudelski acquires NexGuard Labs

On 08/07/16 it was announced that Kudelski SA has acquired NexGuard Labs

BV (formerly Civolution BV), the Eindhoven, Netherlands-based watermarking and fingerprinting software developer. Source: Zephyr

Loacker Swiss Recycling may acquire and absorb Ferro

On 30/06/16 it was reported that Loacker Swiss Recycling AG will acquire and absorb Ferro AG, a Baden, Switzerland-based scrap metals recycling services provider. Both companies are owned by Loacker Recycling GmbH and the deal is part of restructuring. Source: Zephyr

Management and Gilde Buy Out Partners acquire Losberger

Funds advised by Gilde Buy Out Partners (‘Gilde’) announce the acquisition of Losberger GmbH (‘Losberger’) from funds advised by H.I.G. Capital, LLC

(‘H.I.G.’). Pursuant to the transaction, the management team of Losberger will become a significant shareholder in the company. The new shareholders intend to further support the company’s growth trajectory initiated during the ownership of H.I.G. The terms of the agreement have not been disclosed.

press release

Sobaco Solutions is to buy a stake in InCore Bank

On 01/07/16 it was announced that Sobaco Solutions AG is to acquire a majority stake in InCore Bank AG, a Zurich, Switzerland-based banking business process outsourcing services provider, from Maerki Baumann Holding AG which will retain minority stake in the company. Source: Zephyr

Vontobel to snap up Vescore

Vontobel Holding has agreed to acquire Swiss asset and fund manager Vescore from Raiffeisen Schweiz Genossenschaft for an undisclosed amount. The deal, which will be financed through existing cash reserves, is expected to complete on 30th September 2016, subject to the green light from regulatory bodies. St Gallen-headquartered Vescore has offices in Basel, Munich, Lausanne, Riga, Vienna and Zurich, and controls more CHF 15 billion of client assets.

According to Zephyr, the M&A database published by Bureau van Dijk, there have been 371 deals targeting portfolio managers announced worldwide so far in 2016. The largest of these was Aegon’s GBP 12 billion agreement to pick up the defined contribution pension platform and administration business of UK-based BlackRock in May.

Tamedia to acquire majority of DJ Digitale Medien from Dr Dichand and Mr Jansky

On 06/07/16 it was announced that Tamedia AG is to acquire a 51 pc stake in DJ Digitale Medien GmbH, the Vienna, Austria based online news website operator (operates heute.at), from Dr Eva Dichand and Mr Wolfgang Jansky for an undisclosed consideration. It was also announced that Tamedia is to acquire a 25.5 per cent stake in Ultimate Media Beteiligungs und Management GmbH. Source: Zephyr

Tiba acquires Tonwerk Lausen On 13/07/16 it was announced that Tiba AG has acquired Tonwerk Lausen AG, a Lausen, Switzerland-based wood-burning heating systems manufacturer, from TL Immobilien AG. TL Immobilien will receive a minority stake in Tiba as consideration. Source: Zephyr

Management Buyout

Hitz & Partner - deal announcement

Hitz & Partner announced the successful completion of Travel Partner's

Management-Buyout (MBO). Hitz & Partner supported the majority shareholder of Travel Partner GmbH in the MBO being part of his own succession planning. The MBO follows the preceding spin-off and subsequent sale of Travel Partner's UK-subsidiary Hotels & More Ltd. in October 2015.

Ardian enters into exclusive negotiations to acquire DIAM Group

Ardian has entered into exclusive negotiations with LBO France to take a majority stake in DIAM Group, the world leader in point of sale merchandising solutions for major luxury, cosmetic and retail brands. Ardian becomes the majority shareholder alongside the management team and BNP Paribas Développement, who will be increasing their stakes. Founded in 1968 and run since 2007 by Chairman Michel Vaissaire, DIAM Group has evolved into the benchmark player for creating, producing and installing branded point of sale displays. Driven by strong organic growth, the company has over 2,000 employees across 28 sites in 22 countries in Europe, America, Asia and North Africa. DIAM revenues in 2015 were over €200 million. As a merchandising solutions specialist, the Group helps clients develop a consumer experience at their points of sale in France and abroad. It enjoys close relations stretching back over 40 years with the major luxury and cosmetic brands (Chanel, Clinique, Dior, Estée Lauder, Cartier, L'Oréal, Lancôme, Clarins, LVMH, Shiseido, Coty, P&G, etc.).

press release

Book of the Week

KAGB Kapitalanlagegesetzbuch

Praxisnahe, wissenschaftlich fundierte und umfassende Abbildung des Kapitalanlagegesetzbuchs (KAGB) Hochaktuell: Änderungen im Rahmen des OGAW-V-UmsG vom März 2016 bereits berücksichtigt

Enthält aktuelle Synopse KAGB – AIFM-RL – InvG

Integrierung der Regelungen zur Umsetzung der OGAW-RL; Schaffung umfassender Regelungen für Manager von sog. alternativen Investmentfonds (AIF) und Fondsmanager

Autorenteam aus ausgewiesenen Spezialisten

weitere Informationen

Jobs

How to publish a job ad

On this place your Job ad could be published.

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

for SECA Members CHF 100.- / 2 Weeks

for Non-Members CHF 200.- / 2 Weeks

Agenda

Biointerfaces International 2016, Zurich

24 August 2016, University of Zurich

Biological interfaces: where synthetic materials and biological systems interact - one of the most innovative and expanding areas of technology. Challenge entrepreneurs and venture investors on their innovation strategies.

Workshops for:

Corporate Ventures - Creating Future Markets

Start-ups - Ways to Success

Pitching Science to Market - Promising Approaches Encouraging Young Researchers to Cross Barriers

EU Opportunities to Fund Innovation

Inspiring Trendsetters & Network Opportunities

Program

more information and registration

Capital Creation 2016

19 - 21 September 2016, Le Meridien Beach Plaza, Monte Carlo

Capital Creation is the ultimate post-summer Venture Capital and Private Equity Conference attended by the European Private Equity elite. The event focuses on quality networking, incisive debate and an industry leading LP to GP ratio.

Are you an LP? Then we’d like to extend you a complimentary pass to attend Capital Creation as a member of SECA. Book online and save 15% as a member of SECA - simply quote “CCSECA15” when booking online.

more information and registration

Seminar für Finanzinvestoren

22. September 2016, Hotel St. Gotthard, Zürich

Erfahren Sie aus erster Hand, wie Sie Führung und Strategie Ihrer Portfoliounternehmen mit Digitalisierung zielsicher unterstützen können. Digitalisierung für Direct Investments: Konkret, kompakt und kompetent - direkt aus Forschung und Praxis.

SECA Mitglieder können kostenfrei teilnehmen.

Flyer

weitere Informationen

AVCO Jahrestagung 2016

Donnerstag, 29. September 2016, Austria Trend Hotel Savoyen Vienna, Wien

Freuen Sie sich auf spannende Diskussionen zu den aktuellen Herausforderungen des österreichischen Private Equity-Marktes unter dem Generalthema "Woher kommt das Kapital, wenn sich das Investitionsklima ändert?"

weitere Informationen

9th SEE Private Equity and Mergers & Acquisitions Forum 2016

Thursday, 6 October 2016, Metropol Palace Hotel, Belgrade, Serbia

The SEE Private Equity and M&A Forum is the region’s number one investment conference and a ‘must attend’ gathering for private equity executives, M&A experts and those wishing to explore investment opportunities in Southeast Europe region. It creates an ideal opportunity to focus on the progress of the private equity and M&A transactions in FMCG, Telecoms, Healthcare and Agriculture and Energy industry across the region, an area known for its diversity, opportunity, and capacity for growth. Main talks will be around current and future deal flow and deal financing, issues on consolidation and M&A activities in the region, increasing opportunities for NPL and other types of distressed investments. The agenda also includes frank discussions with industry leaders, CEOs of portfolio companies and limited partner investors into private equity.

SECA members are entitled to 15% discount on all delegate passes! Do not forget to mention promotional code "SECAkt15"

more information and registration

Certificate Program: Certified Private Equity Analyst CPEA

Start: 6. Oktober 2016, München

CPEA - Certified Private Equity Analyst: Das zertifizierte Weiterbildungsprogramm der TUM School of Management in Zusammenarbeit mit dem BVK

In Zusammenarbeit mit dem Bundesverband Deutscher Kapitalbeteiligungsgesellschaften (BVK) führt 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 höchstem 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 Qualitätsrahmen für die Weiterbildung der naturgemäss heterogenen Gruppe der Beteiligungsmanager und Investment Professionals, die mit den Anlageklassen Venture Capital und Private Equity in Berührung kommen.

weitere Informationen und Anmeldung

SuperInvestor

15 - 18 November 2016, Hotel Okura, Amsterdam

SECA are pleased to endorse the 16th annual SuperInvestor 2016; Europe’s foremost private equity institutional investor conference taking place at the Hotel Okura, Amsterdam from 15-18 November 2016. Do not miss your chance to…

Meet more than 1000+ global attendees

Network with 330+ powerful LPs

Hear from an incomparable line-up of 250+ industry heavyweight speakers

View the delegate list & arrange invaluable meetings ahead of time on the online app SECA members can claim a 10% member discount with VIP code: FKR2386SECA

more information

Upcoming SECA Events - save the date

TOP 100 Startup Award 2016 Wednesday, 14 September 2016, Zurich

SECA Private Equity Workshop 4./5. und 18./19. November 2016

Private Equity Investoren – Dichtung und Wahrheit Mittwoch, 23. November 2016, Widder Hotel, Zürich

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

Upcoming Young SECA Events - save the date

Young SECA Get Together 25.08.16, place tbd

TOP 100 Startup Award 2016 14.09.16, Zurich

Young SECA Get Together 10.11.16, place tbd

SECA Private Equity Workshop 4./5. und 18./19. November 2016

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

Editor

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.