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Enewsletter No. 354 | SECA | Swiss Private Equity & Corporate Finance

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Enewsletter No. 354 | SECA | Swiss Private Equity & Corporate Finance eNewsletter no. 354 Dear Reader 07 February 2013 SUVA has had an outstanding performance in 2012. And part of • SECA this success story has been their private equity investments. How • Venture Capital • Private Equity – Swiss News about your pension funds' performance? • Private Equity – Int. News • Corporate Finance Have a nice week! • Mergers & Acquisitions Maurice Pedergnana • Management Buyout • Jobs NZZ_30-1-2013_SUVA_PE • Agenda • Editor Toolbox Print Newsletter Send Newsletter to a Friend Download as PDF SECA Zunehmende Globalisierung des Schweizer Private Equity Marktes Bewegung im Segment Wagniskapital -mehr als nur Biotech und Medtech - prominente Neulinge von Reise-Internet-Plattformen: Die internationalen Kapitalflüsse prägen den Schweizer Private Equity Markt. Das zeigen die Statistiken zu den verschiedenen Marktsegmenten aus dem Jahr 2012. Grosse Buy-outs sind von internationalen Unternehmen geprägt, die ihren Holdingsitz in der Schweiz unterhalten. Im Segment Wagniskapital stammen die wichtigsten Geldgeber bei den grossen Finanzierungsrunden allesamt aus dem Ausland. Und der breite M&A Markt wird von global tätigen Schweizer Unternehmen getrieben, die international zugekauft haben. SECA Medienmitteilung Präsentation EVCA Animation: 'How private equity works EVCA launched an animation to help explain "How private equity works", aimed at the same audience as the 'Little Book of Private Equity', which many of you found helpful in communications. They have focused on explaining how companies benefit from PE investment rather than the investment process. EVCA has deliberately avoided including wording in the animation itself. read more Advertisement in the SECA Yearbook 2013 In May 2013 we will launch the SECA Yearbook 2013 with an edition of 1’500 copies. There is the possibility to publish an advertisement in the SECA Yearbook 2013 for every member. more information Forthcoming SECA Events ­ Save the date SECA Evening Event Wednesday, 6 March 2013, 17.00 - 19.00 Widder Hotel, Zurich SECA Trend Luncheon: South Korea Opportunities Wednesday, 24 April 2013, 10.00 - 15.00 Au Premier, Zurich SECA Annual General Meeting Wednesday, 8 May 2013, 15.30 - 18.00 Widder Hotel, Zurich SECA Private Equity & Corporate Finance Conference Wednesday, 3 July 2013, Convention Point, Zurich ...noch wenige Plätze frei Haben Sie sich vorgenommen, im 2013 eine Weiterbildung zu beginnen? Dann nutzen Sie jetzt die Gelegenheit. Es hat noch wenige Plätze frei im: MAS Bank Management MAS Private Banking & Wealth Management Oder planen Sie Ihre Sommerreise mit uns und reservieren Sie sich die Daten der nächsten Studienreise (in Zusammenarbeit mit der SECA): Studienreise Banking & Finance in Indien und China Venture Capital ALSTIN invests into b­to­v Portfolio Company BlackLane b-to-v is happy to announce the investment of Alternative Strategic Investments (Alstin), an associated company from Carsten Maschmeyer, founder of AWD, into BlackLane. b-to-v had already invested in early 2012 into BlackLane, an exclusive limousine service with transparent and advantageous conditions, through the b-to-v Fund II along with a consortium of investors among which RI Digital Ventures. BlackLane is already available in 12 German cities (Berlin, Hamburg, Munich, Frankfurt, Stuttgart, Nuremberg, Cologne, Duesseldorf, Dresden, Leipzig, Bremen and Hannover) and combines over 150 one-man businesses with over 300 cars. b­to­v invests into Karolinska Development An investor syndicate including b-to-v led by the life science investor Rosetta Capital Limited will acquire a minority share in Karolinska Development's holdings in 13 of its 25 portfolio companies for SEK 220 Mio (approx. EUR 25 Mio). For the purpose of the transaction, Karolinska Development will transfer 13 of its portfolio company holdings to a new private holding company. The portfolio companies include both early and clinical stage pharmaceutical assets as well as some technology assets. In­N­Out Burger Heir Is Youngest Female Billionaire Such service has helped In-N-Out create a rabid fan base -- and make Lynsi Torres, the chain's 30-year-old owner and president, one of the youngest female billionaires on Earth. New store openings often resemble product releases from Apple with customers lined up hours in advance. City officials plead with the Irvine, California-based company to open restaurants in their municipalities. "They have done a fantastic job of building and maintaining a kind of cult following," said Bob Goldin, executive vice president of Chicago-based food industry research firm Technomic Inc. "Someone would love to buy them." That someone includes billionaire investor Warren Buffett, who told a group of visiting business students in 2005 that he'd like to own the chain, according to an account of the meeting on the UCLA Anderson School of Management website. The thrice-married Torres has watched her family expand In- N-Out from a single drive-through hamburger stand founded in 1948 in Baldwin Park by her grandparents, Harry and Esther Snyder, into a fast-food empire worth more than $1 billion, according to the Bloomberg Billionaires Index. Pryv receives funding from Simple Data On 01/02/13 it was announced that Simple Data Sarl has invested USD 250,000 in Pryv SA, a Morges, Switzerland-based data processing, recording tools and visualisation online platform. Source: Zephyr Tectonic Shift in European Venture Investing? In their latest edition of the Go4Venture Monthly European TMT Bulletin the authors report that 2012 finished on a high, with total investment up 26% compared to 2011, both in value and by number of transactions. December, typically a quieter month, was well ahead of December 2011 by something like 50%. This suggests an acceleration of the pace of investment in European technology venture as noted since August 2012. By contrast, the M&A market continued to slide down. Source Private Equity – Swiss News New HBM Pharma/Biotech M&A Report This is the latest HBM Pharma/Biotech M&A Report covering transactions in North America and Europe from 2005 to 2012. Due to the lack of "mega deals", overall transaction volume in 2012 was down from the previous years, but the number of M&A deals remained high with a record number of private transactions. In this report, HBM Partners AG covers in detail the trade sales of the 10 private equity-backed pharma companies sold in 2012. And, for the first time, we also provide an analysis of premiums paid in public takeovers. Last, but not least, return estimates for VC investors (where available) are summarized. HBM Pharma Biotech M&A Report 2012 Adveq proud to support Prix de Lausanne in its 41st year Adveq announces today that at the 2013 Prix de Lausanne international dance competition Masaya Yamamoto, studying at the Yokokura Akiko Ballet School in Nomi, Japan, won a ballet scholarship sponsored by independent private equity asset manager Adveq. Bruno Raschle, Chairman of Adveq, comments: "The meritocratic approach and global scope of the Prix de Lausanne strongly reflect Adveq's own business philosophy. In its private equity investment activities, Adveq constantly looks for the best performing funds and the most promising private equity talent worldwide. BV Holding AG: 2012 mit Gewinn von CHF 3.5 Mio. Durch den Jahresgewinn 2012 von CHF 3.5 Mio. steigerte sich der NAV je BV Holding AG Namenaktie um 1.5% auf neu CHF 8.34 per 31. Dezember 2012. Im Jahr 2012 schüttete die BV Holding AG zudem eine Nennwertrückzahlung von CHF 0.25 je Namensaktie an die Aktionäre aus. Basierend auf dem Ergebnis des Geschäftsjahrs 2012 wird der Verwaltungsrat der Generalversammlung vom 20. März 2013 eine Nennwertrückzahlung von CHF 0.20 je BV Holding AG Namenaktie beantragen. CapVis Equity Partners acquires stake in nicko tours On 28/01/13 CapVis Equity Partners AG announced that it has acquired an undisclosed majority stake in nicko tours, a Stuttgart, Germany-based cruise ship tour operator. Source: Zephyr Princess Private Equity in a transition period In a conference call last week covering performance over 4Q12, Urs Wietlisbach, portfolio manager and co-founder of Partners Group, gave an update on the portfolio transition from funds of funds to direct investments. Over the course of 2012 the company completed two portfolio secondary sales, designed to accelerate this process; in August the company agreed to sell 17 buyout funds at an aggregate discount of 4.95%, raising €162.4m (which will be received in installments over time) and in December, signed a separate agreement to sell 19 tail-end venture funds with a value of approximately €10m. We understand the discount on the venture portfolio sale was slightly wider. In total, over the course of 2012, secondary sales have decreased the company's NAV by around -3.5%. Source: JI Unigestion adds former GIC head of strategy to Singapore team Alternative asset manager Unigestion has appointed Aje Kumar Saigal to its board of directors in Singapore as non-executive director. Saigal is a former managing director and head of strategy at sovereign wealth fund GIC. Oltramare in den VR der Bank Vontobel Der Westschweizer Nicolas Oltramare ist vor allem Kenner des asiatischen Marktes. Ursprünglich Investmentbanker, arbeitete er unter anderem bei der Deutschen Bank, und er war Mitgründer der PBS Private Bank und ist CEO der Private-Equity-Firma Hamberg. «Mit der beantragten Wahl der beiden Persönlichkeiten in den Verwaltungsrat unterstreicht unser Haus seine Professionalität und seinen Charakter als Familienunternehmen mit starkem Familienaktionariat», lässt sich VRP Herbert J. Scheidt zitieren. Private Equity – Int. News Media Monitoring Deutsche Telekom bereitet vor : Everything Everywhere, IPO? IPO in Bagdad: Hohe Nachfrage nach Asiacell-Anteilen Größter IPO seit Facebook: Pfizer erlöst mit Tiermedizinsparte 2,2 Milliarden Heuschrecken steigen bei Private Equity-Gesellschaft 3i ein should private equity industry change its name Edmond de Rothschild to raise €500m over next four years Edmond de Rothschild Investment Partners, the private equity affiliate of European banking house Edmond de Rothschild Group, has said it plans to raise € 500m over the next four years and to increase assets under management to €1.3bn.
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