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Semi-Annual Report As at March 31St, 2016 Unideutschland XS Investment Company: Union Investment Privatfonds Gmbh
Semi-annual report as at March 31st, 2016 UniDeutschland XS Investment Company: Union Investment Privatfonds GmbH In case of discrepancy between the English and German version, the German version shall prevail. Contents Page Preface 3 UniDeutschland XS 6 Investment Company, Depositary, Distributors 12 and Paying Agents, Committees, Auditor 2 Preface Union Investment – devoted to your interests Dealing with the change in the markets The Union Investment Group manages assets of about EUR 265 A volatile capital market, changing regulatory requirements and billion, making it one of Germany's largest investment companies new customer demands are all challenges we are meeting for both private and institutional investors. It is a fund successfully. management expert within the cooperative finance association. About 4.1 million private and institutional investors have placed The six months under review began on an upward trend, after their trust in us as their partner for fund-based investments. concerns about growth in China in previous months levelled off and the Fed stated that it intended to continue with its planned Today, the idea behind the foundation of the group in 1956 is interest rate increases, although at a moderate pace. In more topical than ever: private investors should have the December 2015, the two large central banks, the ECB and the opportunity to benefit from economic developments – even with Fed eventually stayed true to their announcements, albeit in only small monthly savings contributions. The interests of these different directions. While the Europeans further eased their investors have always been our main concern and, together with monetary policy, the Fed decided to tighten its policy. -
3-Month 2015
3-Month Report 2015 2 Selected key figures 2015 2014 Jan. – March Jan. – March Change Net income (in 5 million) Sales 905.1 709.9 + 27.5% EBITDA 173.5 112.1 + 54.8% EBIT 119.1 89.7 + 32.8% EBT 112.3 86.2 + 30.3% EPS (in 1) 0.39 0.31 + 25.8% EPS before PPA amortization (in 1) 0.43 0.32 + 34.4% Balance sheet (in 5 million) Current assets 643.5 304.3 + 111.5% Non-current assets 2,956.7 976.7 + 202.7% Equity 1,230.6 369.3 + 233.2% Equity ratio 34.2 % 28.8 % Total assets 3,600.2 1,281.0 + 181.0% Cash flow (in 5 million) Operative cash flow 133.1 79.7 + 67.0% Cash flow from operating activities 369.6(1) 125.6 + 194.3% Cash flow from investing activities - 139.1 - 22.2 Free cash flow (1) 343.1(1) 115.9 + 196.0% Employees at the end of March (2) Total 7,902 6,747 + 17.1% thereof in Germany 6,379 5,128 + 24.4% thereof abroad 1,523 1,619 - 5.9% Share (in 5) Share price at the end of March (Xetra) 42.41 34.08 + 24.4% Customer contracts (in million) Access, total contracts 7.01 5.72 + 1.29 thereof Mobile Internet 2.78 2.09 + 0.69 thereof DSL complete (ULL) 3.95 3.27 + 0.68 thereof T-DSL / R-DSL 0.28 0.36 - 0.08 Business Applications, total contracts 5.82 5.73 + 0.09 thereof in Germany 2.40 2.38 + 0.02 thereof abroad 3.42 3.35 + 0.07 Consumer Applications, total accounts 34.47 33.84 + 0.63 thereof with Premium Mail subscription 1.83 1.86 - 0.03 thereof with Value-Added subscription 0.35 0.33 + 0.02 thereof free accounts 32.29 31.65 + 0.64 (1) Free cash flow is defined as net cash inflows from operating activities, less capital expenditures, plus payments from disposals of intangible assets and property, plant and equipment; cash flow from operating activities and free cash flow Q1/2015 including the capital gains tax refund of 1 326.0 million (2) The headcount statistics of United Internet AG were revised as of June 30, 2014 and now disclose only active employees. -
The Rise of Late-Stage Funding for European Technology Scale-Ups
Blooming Late: The rise of late-stage funding for European technology scale-ups NOVEMBER 2019 Introduction Europe’s technology industry continues to grow up. Across the EU, Israel, Russia and Turkey, startup ecosystems are flourishing, expanding and - in a few places - maturing into veritable world-class hotbeds for innovation. Evidently, challenges remain and Europe will have to overcome many of them to even have a chance of staying competitive in an ever-evolving world - and with haste to boot. To continue scaling up and accelerate the maturation process of its key tech hubs, Europe has to play to its strengths and eliminate some of its inherent weaknesses to mitigate the risk of getting left behind. Two of these weaknesses have historically been the lack of major exits and late-stage financing rounds (€100 million and more) for Europe’s fastest-growing tech businesses as catalysts for growth. As we’ve detailed in previous reports on the influx of capital for Europe’s finest tech startups, there has been a tremendous increase in investment volume for early-stage and growth-stage companies in recent years, with no signs of a slowdown so far. Numbers only tell part of a story, but the rise in seed and growth capital (Series A-B-C) flowing to European tech businesses across the region paints a picture of a healthy collection of ecosystems with potential for further growth. But when it comes to really big rounds of financing, Europe hasn’t really seen many of those to date, certainly not in comparison to the US and, increasingly, China. -
Investor Book (PDF)
INVESTOR BOOK EDITION OCTOBER 2016 Table of Contents Program 3 Venture Capital 10 Growth 94 Buyout 116 Debt 119 10 -11 November 2016 Old Billingsgate PROGRAM Strategic Partners Premium Partners MAIN STAGE - Day 1 10 November 2016 SESSION TITLE COMPANY TIME SPEAKER POSITION COMPANY Breakfast 08:00 - 10:00 CP 9:00 - 9:15 Dr. Klaus Hommels Founder & CEO Lakestar CP 9:15 - 9:30 Fabrice Grinda Co-Founder FJ Labs 9:35 - 9:50 Dr. Klaus Hommels Founder & CEO Lakestar Fabrice Grinda Co-Founder FJ Labs Panel Marco Rodzynek Founder & CEO NOAH Advisors 9:50 - 10:00 Chris Öhlund Group CEO Verivox 10:00 - 10:10 Hervé Hatt CEO Meilleurtaux CP Lead 10:10 - 10:20 Martin Coriat CEO Confused.com Generation 10:20 - 10:30 Andy Hancock Managing Director MoneySavingExpert K 10:30 - 10:45 Carsten Kengeter CEO Deutsche Börse Group 10:45 - 10:55 Carsten Kengeter CEO Deutsche Börse Group FC Marco Rodzynek Founder & CEO NOAH Advisors CP 10:55 - 11:10 Nick Williams Head of EMEA Global Market Solutions Credit Suisse 11:10 - 11:20 Talent 3.0: Science meets Arts CP Karim Jalbout Head of the European Digital Practice Egon Zehnder K 11:20 - 11:50 Surprise Guest of Honour 11:50 - 12:10 Yaron Valler General Partner Target Global Mike Lobanov General Partner Target Global Alexander Frolov General Partner Target Global Panel Shmuel Chafets General Partner Target Global Marco Rodzynek Founder & CEO NOAH Advisors 12:10 - 12:20 Mirko Caspar Managing Director Mister Spex 12:20 - 12:30 Philip Rooke CEO Spreadshirt CP 12:30 - 12:40 Dr. -
European Technology, Media & Telecommunications Monitor
European Technology, Media & Telecommunications Monitor Market and Industry Update Fourth Quarter 2012 Piper Jaffray European TMT Team: Eric Sanschagrin Managing Director Head of European TMT [email protected] +44 (0) 207 796 8420 Stefan Zinzen Principal [email protected] +44 (0) 207 796 8418 Jessica Harneyford Associate [email protected] +44 (0) 207 796 8416 Peter Shin Analyst [email protected] +44 (0) 207 796 8444 Julie Wright Executive Assistant [email protected] +44 (0) 207 796 8427 TECHNOLOGY, MEDIA &TELECOMMUNICATIONS MONITOR Market and Industry Update Selected Piper Jaffray 2012 TMT Transactions 2 This report may not be reproduced, redistributed or passed to any other person or published in whole or in part for any purpose without the written consent of Piper Jaffray. © 2013 Piper Jaffray Ltd. All rights reserved. TECHNOLOGY, MEDIA &TELECOMMUNICATIONS MONITOR Market and Industry Update Contents 1. Internet and Digital Media A. Trading Update B. Transaction Update C. Public Market Trading Multiples 2. Software and IT Services A. Trading Update B. Transaction Update C. Public Market Trading Multiples 3. Communications Technology And Hardware A. Trading Update B. Transaction Update C. Public Market Trading Multiples 4. Equity Capital Markets and M&A Update 3 This report may not be reproduced, redistributed or passed to any other person or published in whole or in part for any purpose without the written consent of Piper Jaffray. © 2013 Piper Jaffray Ltd. All rights reserved. TECHNOLOGY, MEDIA &TELECOMMUNICATIONS -
Hydra Industries Acquisition Corp. Enters Into Agreement to Acquire Inspired Gaming Group
HYDRA INDUSTRIES ACQUISITION CORP. ENTERS INTO AGREEMENT TO ACQUIRE INSPIRED GAMING GROUP - New York, New York and London, United Kingdom, July 14, 2016 / PRNewswire/ -- Hydra Industries Acquisition Corp. (“Hydra”) (NASDAQ: HDRA, HDRAU, HDRAW, HDRAR), a special purpose acquisition company formed for the purpose of effecting a merger, acquisition or similar business combination, announced today that it has entered into a definitive agreement to acquire London based Inspired Gaming Group and its affiliates (“Inspired” or the “Company”) from funds managed by Vitruvian Partners LLP (a London headquartered private equity firm), and its co-investors (collectively, the “Seller Group”). The transaction reflects a valuation for Inspired of £200 million, including the Company’s indebtedness, but excluding transaction expenses as well as the impact of Hydra’s sponsor shares and subject to certain closing adjustments. Based on the current USD/GBP exchange rate1 the equivalent transaction value is $264 million. Inspired’s fiscal year end September 2016 Revenue and EBITDA are estimated to be $110 million and $38 million, respectively2, with the potential to grow meaningfully, driven by a backlog of recurring revenue contracts. Consideration paid to the Seller Group for their interests in the Company will consist of cash available at closing after transaction expenses, and Hydra common shares issued at a price of $10.00 per share. The Seller Group may receive additional common shares as further consideration, depending on future performance. The cash component of the transaction will be funded by a $20 million private placement from Macquarie Capital in addition to Hydra’s cash in trust, which is currently approximately $80 million. -
INVITATION BERENBERG Is Delighted to Invite You to Its
INVITATION BERENBERG is delighted to invite you to its EUROPEAN CONFERENCE 2017 on Monday 4th – Thursday 7th December 2017 at Pennyhill Park Hotel & Spa London Road • Bagshot • Surrey • GU19 5EU • United Kingdom LIST OF ATTENDING COMPANIES (SUBJECT TO CHANGE) Automotives, Chemicals, Construction and Metals & Mining Banks, Diversified Financials, Insurance and Real Estate (cont’d) Capital Goods & Industrial Engineering and Aerospace & Defence ArcelorMittal SA Lloyds Banking Group Plc* GKN Plc* Balfour Beatty Plc NewRiver REIT Plc* Jungheinrich AG BASF SE* Nordea Bank AB KION GROUP AG* Bekaert SA Patrizia Immobilien AG* Krones AG Clariant AG* Phoenix Group Holdings* Meggitt plc * Covestro* RBS Plc* NORMA Group SE Croda International Plc Sampo Oyj* OSRAM Licht AG* Elementis Plc* St James’s Place Plc PALFINGER AG* Elringklinger AG Svenska Handelsbanken AB QinetiQ Plc Evonik Industries AG* Tryg A/S Rational AG HeidelbergCement AG* Unibail-Rodamco SE* Rheinmetall AG* HOCHTIEF AG* Vonovia SE* Rolls-Royce Holdings Plc* Johnson Matthey Plc* SAF-HOLLAND SA Kingspan Group Plc* Business Services, Leisure and Transport & Logistics Schneider Electric SA Klöckner & Co SE* Altran Technologies SA* Schoeller-Bleckmann Oilfield Equipment AG Lanxess AG* AP Moller Maersk A/S* Senvion SA* Lenzing AG Brenntag AG SGL Carbon SE* Linde AG* Compass Group Plc* Stabilus SA Novozymes A/S* DCC Plc* va-Q-tec AG PORR AG* Deutsche Post AG Varta AG Royal DSM NV* Elis SA VAT Group AG* Siltronic AG Fuller, Smith & Turner Plc* Vossloh AG* Travis Perkins Plc* Hapag-Lloyd AG -
List of British Entities That Are No Longer Authorised to Provide Services in Spain As from 1 January 2021
LIST OF BRITISH ENTITIES THAT ARE NO LONGER AUTHORISED TO PROVIDE SERVICES IN SPAIN AS FROM 1 JANUARY 2021 Below is the list of entities and collective investment schemes that are no longer authorised to provide services in Spain as from 1 January 20211 grouped into five categories: Collective Investment Schemes domiciled in the United Kingdom and marketed in Spain Collective Investment Schemes domiciled in the European Union, managed by UK management companies, and marketed in Spain Entities operating from the United Kingdom under the freedom to provide services regime UK entities operating through a branch in Spain UK entities operating through an agent in Spain ---------------------- The list of entities shown below is for information purposes only and includes a non- exhaustive list of entities that are no longer authorised to provide services in accordance with this document. To ascertain whether or not an entity is authorised, consult the "Registration files” section of the CNMV website. 1 Article 13(3) of Spanish Royal Decree-Law 38/2020: "The authorisation or registration initially granted by the competent UK authority to the entities referred to in subparagraph 1 will remain valid on a provisional basis, until 30 June 2021, in order to carry on the necessary activities for an orderly termination or transfer of the contracts, concluded prior to 1 January 2021, to entities duly authorised to provide financial services in Spain, under the contractual terms and conditions envisaged”. List of entities and collective investment -
Monthly European
December 2013 Technology / Media / Telecoms / Internet / Healthcare / Cleantech / Materials Go4Venture Advisers’ European Venture & Growth Equity Market Monthly Bulletin December 2013 Published by Go4Venture Advisers Research, the Equity Research unit of Go4Venture Advisers LLP. About Go4Venture Advisers Providing innovative, fast-growing companies and their investors with independent corporate finance advice to help them evaluate, develop and execute growth strategies Equity Capital Markets (ECM) Equity private placements Growth equity financings and secondaries Pre-IPO advisory Mergers & Acquisitions (M&A) Sellside Buyside / Buy and build Valuation services Go4Venture Advisers LLP is authorised and regulated by the Financial Conduct Authority (FCA). © Go4Venture Advisers 2013 December 2013 Contents This Month in Brief 2 Investments 1.1 - Headline Transactions Index (HTI) 5 1.2 - Large Transactions Summary 6 1.3 - Large Transactions Profiles 7 M&A Transactions 2.1 - M&A Activity Index 17 2.2 - Top 5 Global TMT M&A Transactions Summary 18 Headline European VC & PE-Backed M&A Transactions: 2.3 - Summary 21 2.4 - Profiles 22 List of Acronyms 25 About this Bulletin The Go4Venture Advisers’ European Venture & Growth Equity Market Monthly Bulletin provides a summary of corporate finance activity among emerging European TMT companies: Investments, i.e. Venture Capital (VC) and Private Equity (PE) financings, including growth equity, financing rounds with single secondaries components (recapitalisations); and M&A Transactions where the sellers are VC and PE-backed European companies, including all majority transactions with no new investment going into the business (e.g. acquisitions, Management Buyouts (MBOs) and other buyouts). Investment activity is measured using Go4Venture’s European Tech Headline Transactions Index (HTI), which is based on the number and value of transactions reported in professional publications. -
View Whitepaper
INFRAREPORT Top M&A Trends in Infrastructure Software EXECUTIVE SUMMARY 4 1 EVOLUTION OF CLOUD INFRASTRUCTURE 7 1.1 Size of the Prize 7 1.2 The Evolution of the Infrastructure (Public) Cloud Market and Technology 7 1.2.1 Original 2006 Public Cloud - Hardware as a Service 8 1.2.2 2016 - 2010 - Platform as a Service 9 1.2.3 2016 - 2019 - Containers as a Service 10 1.2.4 Container Orchestration 11 1.2.5 Standardization of Container Orchestration 11 1.2.6 Hybrid Cloud & Multi-Cloud 12 1.2.7 Edge Computing and 5G 12 1.2.8 APIs, Cloud Components and AI 13 1.2.9 Service Mesh 14 1.2.10 Serverless 15 1.2.11 Zero Code 15 1.2.12 Cloud as a Service 16 2 STATE OF THE MARKET 18 2.1 Investment Trend Summary -Summary of Funding Activity in Cloud Infrastructure 18 3 MARKET FOCUS – TRENDS & COMPANIES 20 3.1 Cloud Providers Provide Enhanced Security, Including AI/ML and Zero Trust Security 20 3.2 Cloud Management and Cost Containment Becomes a Challenge for Customers 21 3.3 The Container Market is Just Starting to Heat Up 23 3.4 Kubernetes 24 3.5 APIs Have Become the Dominant Information Sharing Paradigm 27 3.6 DevOps is the Answer to Increasing Competition From Emerging Digital Disruptors. 30 3.7 Serverless 32 3.8 Zero Code 38 3.9 Hybrid, Multi and Edge Clouds 43 4 LARGE PUBLIC/PRIVATE ACQUIRERS 57 4.1 Amazon Web Services | Private Company Profile 57 4.2 Cloudera (NYS: CLDR) | Public Company Profile 59 4.3 Hortonworks | Private Company Profile 61 Infrastructure Software Report l Woodside Capital Partners l Confidential l October 2020 Page | 2 INFRAREPORT -
Real Deals Luxembourg Edition
THE INDEPENDENT VOICE OF EUROPEAN PRIVATE EQUITY INSIDE BVCA Summit 2020 A round up of key discussions from the BVCA Summit 2020. //realdealseucom GP Workshop How to market a fund successfully. Sink or float GPs must undertake IPOs with caution. PEA Shortlist Deal, House and Advisory awards shortlists for the Private Equity Awards. THE KEY TO LUXEMBOURG Region focus: Why Luxembourg is a fund jurisdiction of choice. RD471-01.indd 1 23/10/2020 12:19 THANK YOU FOR YOUR SUPPORT DPE IV closed at its hard cap of €1bn. We look forward to partnering with more leading Mittelstand businesses and delivering value for our investors. www.dpe.de 8566 DPE Real Deals Tombstone Ad REVISED ARTWORK.indd 1 15/10/2020 19:30 / realdealseucom & Contents 18 Q&A: Alterdomus Editorial Fund admin and PE relations; and KYC processes. Leader Talya Misiri 4 Alphabites BWAM calls on industry, Pictet’s first thematic fund 20 and more. Lightbulb Credit Comment Trade credit ratings All grown up 6 and PE-backed growth. As the industry matures, it must become BVCA Summit 2020 A roundup of key discussions more aware of the responsibility it has from the BVCA Summit 2020. 21 Webinar: Staying to make a positive impact on its ahead of the curve Tech innovation and portfolio companies, but also the world. 8 managing risks. Luxembourg rebounds and ready to lead Luxembourg accelerates 22 digitalisation and ESG Q&A: Apex in alternatives. Challenges and opportunities facing PE. onus is on private equiteers to think beyond high returns, profit and their personal gains. -
Startup Financing in Spain. 2015 (VC, Business Angels, Accelerators, Loans)
ENGLISH EDITION Startup Financing in Spain. 2015 (VC, Business Angels, Accelerators, Loans) SPONSORED BY - - WEBCAPITALRIESGO Copyright © 2015, Webcaprisk Servicios, S.L. Total or partial reproduction of this document is strictly forbidden, as is its manipulation with software or transmission in any form via any medium, be it electronic, through photo- copying or other means without the previous permission of the Copyright holder. Access to Startup Financing in Spain. 2015 report is free at www.webcapitalriesgo.com; this may not be made available to the public through any other means, electronic or written, without the written permission of the rights holder. Any infringiment of the above rights will be liable to claims presented before the Madrid Courts (Spain). Startup Financing in Spain. 2015. June 2015. Release 1.0 Webcaprisk Servicios S.L. is the owner of www.webcapitalriesgo.com - 2 - WEBCAPITALRIESGO INTRODUCTION The financing of high-growth, high-potential and mostly early stage firms shows a persis- tent positive evolution in Spain. Startup firms have now access to several sources of long- term financing such as subsidized and participative loans granted by public-sector institu- tions (e.g., CDTI, ENISA and other similar institutions), domestic and international ventu- re capital firms (VCFs), and organized Business Angels, accelerators, incubators and simi- lar entities. International funds continued to show a noticeable interest in investing in our country. If in 2013 17 funds (an historical maximum) invested in Spain for the first time, last year there were 14. These are amazing figures when we bear in mind that in the years prior to this the average was around 5.