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                  <td>
                    <div id="newsletter_name" style="margin: 0 0 0 0;">
                      <p>eNewsletter no. 534</p>
                    </div>
                    <div style="font-size: 11px; padding-top: 0px;"> 25 November 2021 </div>
                  </td>
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                      <li><a href="https://www.seca.ch/Newsletters/2021/Template-(6).aspx#nl_33724">SECA</a></li>
                      <li><a href="https://www.seca.ch/Newsletters/2021/Template-(6).aspx#nl_33728">Venture Capital</a></li>
                      <li><a href="https://www.seca.ch/Newsletters/2021/Template-(6).aspx#nl_33722">Private Equity – Swiss News</a></li>
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                      <li><a href="https://www.seca.ch/Newsletters/2021/Template-(6).aspx#nl_33700">Agenda</a></li>
                      <li><a href="https://www.seca.ch/Newsletters/2021/Template-(6).aspx#nl_33712">Editor</a></li>
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                  <td width="32">&nbsp;</td>
                  <td valign="top" id="begruessung">
                    <h2>
                      <p>Dear Reader</p>
                    </h2>
                    <p></p>
                    <p>Dear Reader</p>
                    <p>Game-changing? Put simply, Sequoia plans to gather up all its fund commitments for its US and European vehicles and decant them into the newly minted Sequoia Fund, which will act as an LP and redistribute capital into its
                      traditional venture funds while simultaneously holding onto companies after they go public.</p>
                    <p>With the announcement, <a href="https://www.sequoiacap.com/article/the-sequoia-fund/" target="_blank">Sequoia </a>declared that as far as its business is concerned, the venture industry's standard 10-year fund cycle is
                      "obsolete." It's an innovative move for sure, and one that is perhaps overdue.</p>
                    <p>In this respect, Switzerland's HBM Healthcare Investments evergreen structure has been visionary. If Sequoia's opinion is true, HBM was clearly ahead of its time with its evergreen structure. And Redalpine with its recently
                      launched Opportunity Fund. But Americans are clearly better in marketing companies/ideas etc. than the Swiss.</p>
                    <p>Have a nice week!<br> Maurice Pedergnana</p>
                    <p></p>
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          <td width="32">&nbsp;</td>
          <td width="16"><img alt="" height="16" src="/App_Themes/SECA/img/nl/spacer_16x16.gif" width="16"></td>
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          <td height="53" rowspan="2" style="border-top: 1px solid #000000; border-bottom: 1px solid #000000;" width="16"><img alt="" height="53" src="/App_Themes/SECA/img/nl/spacer_16x16.gif" width="16"></td>
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          <td style="border-top: 1px solid #000000;">&nbsp;</td>
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          <td height="43" style="border-bottom: 1px solid #000000;" valign="top"><a name="nl_33724"></a>
            <h1 class="no_space">SECA</h1>
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          <td style="border-bottom: 1px solid #000000;">&nbsp;</td>
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          <td>&nbsp;</td>
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          <td width="16">&nbsp;</td>
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            <h2 class="subtitle">SECA Webinar: Changing Dynamics in Private Equity Demand</h2>
            <div>
              <p>Wednesday, 1 December 2021, online</p>
              <p>Investing in Private Equity has become increasingly prevalent among institutional investors, and private investors are also increasing demand. The regulatory regime has made steps to open access to private investors who have
                historically been limited by the high investment minimums and various structural constraints. This SECA Webinar, offered in cooperation with employee-owned Neuberger Berman, provides insights on the changes in the way both
                institutional and private investors are accessing this asset class.</p>
            </div>
            <div>
              <ul class="icon_list_documents">
              </ul>
              <a href="http://www.seca.ch/Calendar/Events/2021/SECA-Webinar-Changing-Dynamics-in-Private-Equity.aspx" target="_blank"><img alt="" height="16" src="/App_Themes/SECA/img/link.gif" width="16">&nbsp;more information and registration</a>
            </div>
          </td>
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          <td width="380"><a name="12989"></a>
            <h2 class="subtitle">SECA Webinar: Robotics</h2>
            <div>
              <p>Tuesday, 14 December 2021, online</p>
              <p>Industry 4.0 is considered to be of similar impact as the invention of the steam-engine, referring to increasing automation, interconnectivity, machine learning and real-time data. Robotics are the translation into actual labor and
                operations. This offers yield and opportunities for technology investors. In this webinar, we will provide an overview of the most recent trends, potential changes in the industry, and avenues for successful transformation, which
                include opportunities for eligible technology investors.</p>
            </div>
            <div>
              <ul class="icon_list_documents">
              </ul>
              <a href="http://www.seca.ch/Calendar/Events/2021/SECA-Webinar-Robotics.aspx" target="_blank"><img alt="" height="16" src="/App_Themes/SECA/img/link.gif" width="16">&nbsp;more information and registration</a>
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          <td width="100"><img alt="" src="/getattachment/1725201e-a1f6-41d8-87c9-1f76d528cdfc/seca-webinar-robotics.aspx?width=100">
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              <div>&nbsp;</div>
              <div>&nbsp;</div>
            </div>
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          <td width="380"><a name="13041"></a>
            <h2 class="subtitle">Formations en ligne sur le private equity</h2>
            <div>
              <p>La SECA (Swiss Private Equity and Corporate Finance Association) propose un cycle de formations en français facilitant la montée en compétences des professionnels intéressés par le capital-investissement (private equity). Nous
                offrons aux membres et non-membres un cycle de sept formations conçus pour un large public, allant des nouveaux entrants dans les métiers du private equity aux professionnels plus établis, mais aussi aux chargés d'affaires et acteurs
                du middle et du back office souhaitant approfondir leurs connaissances, professionnels de la finance, de la banque, des assurances et des caisses de retraites.</p>
            </div>
            <div>
              <ul class="icon_list_documents">
              </ul>
              <a href="http://www.seca.ch/Calendar/Events/2022/SECA-Formations-en-ligne-sur-le-private-equity.aspx" target="_blank"><img alt="" height="16" src="/App_Themes/SECA/img/link.gif" width="16">&nbsp;more informatioin</a>
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          </td>
          <td width="32"><img alt="" height="27" src="/App_Themes/SECA/img/nl/spacer_32x27.gif" width="32"></td>
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              <div>&nbsp;</div>
              <div>&nbsp;</div>
            </div>
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          <td width="380"><a name="12992"></a>
            <h2 class="subtitle">New publications: PE Activity H1 2021, European market sentiment survey</h2>
            <div>
              <p>Invest Europe published&nbsp;two new reports underlining the robust recovery in private equity activity in the first half of 2021, as well as the strengthening belief in the industry’s ability to contribute to a stronger economy and
                better society.</p>
              <p>1.&nbsp;&nbsp;
                &nbsp;‘<a href="https://invest-europe.lt.acemlnb.com/Prod/link-tracker?redirectUrl=aHR0cHMlM0ElMkYlMkZ3d3cuaW52ZXN0ZXVyb3BlLmV1JTJGcmVzZWFyY2glMkZhY3Rpdml0eS1kYXRhJTJG&amp;sig=5oE1KPhE28N1XKpQWs15JGFkkbfQPJcfBp7vSoXhZJcH&amp;iat=1637319989&amp;a=%7C%7C66590882%7C%7C&amp;account=invest-europe%2Eactivehosted%2Ecom&amp;email=kHx5VKJ7BpQyF8hV25RkahLOXYdg4hzdp%2FIYSe1XhH0%3D&amp;s=91e145bdff5b39d76b4cb601f8c4922d&amp;i=216A224A4A3057" target="_blank">Investing in Europe: Private Equity Activity H1 2021</a>’
                provides a detailed snapshot of private equity activity in Europe and reveals that firms invested €57.3 billion in businesses across Europe, the highest ever six-month total.</p>
              <p>2.&nbsp;&nbsp;
                &nbsp;<a href="https://invest-europe.lt.acemlnb.com/Prod/link-tracker?redirectUrl=aHR0cHMlM0ElMkYlMkZ3d3cuaW52ZXN0ZXVyb3BlLmV1JTJGcmVzZWFyY2glMkZwcml2YXRlLWVxdWl0eS1tYXJrZXQtaW5zaWdodCUyRg==&amp;sig=7LU58H2x9CxCfeTNXSYfmu4vPJS12TJAJp5WrVJ9Kyze&amp;iat=1637319989&amp;a=%7C%7C66590882%7C%7C&amp;account=invest-europe%2Eactivehosted%2Ecom&amp;email=kHx5VKJ7BpQyF8hV25RkahLOXYdg4hzdp%2FIYSe1XhH0%3D&amp;s=91e145bdff5b39d76b4cb601f8c4922d&amp;i=216A224A4A3058" target="_blank">‘The insight: how Europe’s private equity industry is anchoring long-term investors – Pan-European market sentiment survey’</a>
                reflects the momentum in private equity activity in the first half of the year and maps the role the industry is poised to play in the near term. Some 95% of general partners stated they intend to increase their focus on ESG issues in
                the near future, and 86% are planning to concentrate more on diversity &amp; inclusion.</p>
            </div>
            <div>
              <ul class="icon_list_documents">
              </ul>
            </div>
          </td>
          <td width="32"><img alt="" height="27" src="/App_Themes/SECA/img/nl/spacer_32x27.gif" width="32"></td>
          <td width="100"><img alt="" src="/getattachment/f5d9a68c-c330-4083-9452-66b22493d800/new-publications-pe-activity-h1-2021-european-ma.aspx?width=100">
            <div>
              <div>&nbsp;</div>
              <div>&nbsp;</div>
            </div>
          </td>
          <!-- end h2 title -->
          <td rowspan="2" width="32"><img alt="" height="27" src="/App_Themes/SECA/img/nl/spacer_32x27.gif" width="32"></td>
          <td rowspan="2" width="16"><img alt="" height="16" src="/App_Themes/SECA/img/nl/spacer_16x16.gif" width="16"></td>
        </tr>
        <tr>
          <td colspan="3"><img alt="" height="20" src="/App_Themes/SECA/img/nl/spacer_20x20.gif" width="20"></td>
        </tr>
      </tbody>
    </table>
    <table border="0" cellpadding="0" cellspacing="0" width="592">
      <tbody>
        <tr>
          <td colspan="2" height="16" width="32"><img alt="" height="16" src="/App_Themes/SECA/img/nl/spacer_16x16.gif" width="16"></td>
          <td width="512"><img alt="" height="16" src="/App_Themes/SECA/img/nl/spacer_16x16.gif" width="16"></td>
          <td width="32">&nbsp;</td>
          <td width="16"><img alt="" height="16" src="/App_Themes/SECA/img/nl/spacer_16x16.gif" width="16"></td>
        </tr>
        <tr>
          <td height="53" rowspan="2" style="border-top: 1px solid #000000; border-bottom: 1px solid #000000;" width="16"><img alt="" height="53" src="/App_Themes/SECA/img/nl/spacer_16x16.gif" width="16"></td>
          <td rowspan="2" style="border-top: 1px solid #000000; border-bottom: 1px solid #000000;" width="16"><img alt="" height="53" src="/App_Themes/SECA/img/nl/spacer_16x16.gif" width="16"></td>
          <td style="border-top: 1px solid #000000;" valign="center"><img alt="" height="10" src="/App_Themes/SECA/img/nl/spacer_6x10.gif" width="6"></td>
          <td style="border-top: 1px solid #000000;">&nbsp;</td>
          <td rowspan="2" style="border-top: 1px solid #000000; border-bottom: 1px solid #000000;" width="16"><img alt="" height="53" src="/App_Themes/SECA/img/nl/spacer_16x16.gif" width="16"></td>
        </tr>
        <tr>
          <td height="43" style="border-bottom: 1px solid #000000;" valign="top"><a name="nl_33728"></a>
            <h1 class="no_space">Venture Capital</h1>
          </td>
          <td style="border-bottom: 1px solid #000000;">&nbsp;</td>
        </tr>
        <tr>
          <td colspan="2" height="27"><img alt="" height="27" src="/App_Themes/SECA/img/nl/spacer_32x27.gif"></td>
          <td>&nbsp;</td>
          <td><img alt="" height="27" src="/App_Themes/SECA/img/nl/spacer_32x27.gif"></td>
          <td width="16">&nbsp;</td>
        </tr>
      </tbody>
    </table>
    <table border="0" cellpadding="0" cellspacing="0" width="592">
      <tbody>
        <tr>
          <td rowspan="2" width="32"><img alt="" height="27" src="/App_Themes/SECA/img/nl/spacer_32x27.gif" width="32"></td>
          <!-- h2 title -->
          <td width="380"><a name="13010"></a>
            <h2 class="subtitle">VC Magazin Sonderausgabe: Unstoppable – Start-up 2022</h2>
            <div>
              <p>Die aktuelle Ausgabe&nbsp;des VC Magazins gibt als Wegweiser Gründer:innen Inputs zu organisatorischen Fragen wie Rechtsformen, der Gründung an sich, Arbeitsverträgen für Mitarbeiter:innen, zur Finanzierung und zu regulatorischen
                Themen. Praxisbeispiele zeigen verschiedene Wege der Gründung und Finanzierung auf. Im anschliessenden Gründerguide finden sich Firmen und Ansprechpartner:innen ebenso wie Businessplanwettbewerbe und Informationen zu öffentlichen
                Fördergeldern.</p>
            </div>
            <div>
              <ul class="icon_list_documents">
              </ul>
              <a href="http://www.vc-magazin.de/wp-content/uploads/_EPAPER_/2021_07_VC/#0" target="_blank"><img alt="" height="16" src="/App_Themes/SECA/img/link.gif" width="16">&nbsp;E-Magazin</a>
            </div>
          </td>
          <td width="32"><img alt="" height="27" src="/App_Themes/SECA/img/nl/spacer_32x27.gif" width="32"></td>
          <td width="100"><img alt="" src="/getattachment/68cae0c0-57e0-4466-8718-5dd64ea4ca95/vc-magazin-sonderausgabe-unstoppable-start-up-2.aspx?width=100">
            <div>
              <div>&nbsp;</div>
              <div>&nbsp;</div>
            </div>
          </td>
          <!-- end h2 title -->
          <td rowspan="2" width="32"><img alt="" height="27" src="/App_Themes/SECA/img/nl/spacer_32x27.gif" width="32"></td>
          <td rowspan="2" width="16"><img alt="" height="16" src="/App_Themes/SECA/img/nl/spacer_16x16.gif" width="16"></td>
        </tr>
        <tr>
          <td colspan="3"><img alt="" height="20" src="/App_Themes/SECA/img/nl/spacer_20x20.gif" width="20"></td>
        </tr>
      </tbody>
    </table>
    <table border="0" cellpadding="0" cellspacing="0" width="592">
      <tbody>
        <tr>
          <td rowspan="2" width="32"><img alt="" height="27" src="/App_Themes/SECA/img/nl/spacer_32x27.gif" width="32"></td>
          <!-- h2 title -->
          <td width="380"><a name="12990"></a>
            <h2 class="subtitle">Q3 2021 Interactive Global League Tables</h2>
            <div>
              <p>Who led the way? Check out the latest edition of our Global League Tables, which ranks Q3's most active investors, advisers, service providers and more. The interactive tables cover the full spectrum of the private markets, from the
                busiest acquirers of VC-backed companies to private equity's most active investors in healthcare. The data can be sorted by firm, deal type, geography, sector and more.</p>
            </div>
            <div>
              <ul class="icon_list_documents">
              </ul>
              <a href="http://pitchbook.com/news/articles/q3-2021-interactive-global-league-tables?utm_campaign=q3-2021-interactive-global-league-tables&amp;utm_medium=nl-na-&amp;utm_source=reports" target="_blank"><img alt="" height="16" src="/App_Themes/SECA/img/link.gif" width="16">&nbsp;see the ranking</a>
            </div>
          </td>
          <td width="32"><img alt="" height="27" src="/App_Themes/SECA/img/nl/spacer_32x27.gif" width="32"></td>
          <td width="100"><img alt="" src="/getattachment/237cacb5-fba2-4231-a452-12ad2d757bde/news.aspx?width=100">
            <div>
              <div>&nbsp;</div>
              <div>&nbsp;</div>
            </div>
          </td>
          <!-- end h2 title -->
          <td rowspan="2" width="32"><img alt="" height="27" src="/App_Themes/SECA/img/nl/spacer_32x27.gif" width="32"></td>
          <td rowspan="2" width="16"><img alt="" height="16" src="/App_Themes/SECA/img/nl/spacer_16x16.gif" width="16"></td>
        </tr>
        <tr>
          <td colspan="3"><img alt="" height="20" src="/App_Themes/SECA/img/nl/spacer_20x20.gif" width="20"></td>
        </tr>
      </tbody>
    </table>
    <table border="0" cellpadding="0" cellspacing="0" width="592">
      <tbody>
        <tr>
          <td rowspan="2" width="32"><img alt="" height="27" src="/App_Themes/SECA/img/nl/spacer_32x27.gif" width="32"></td>
          <!-- h2 title -->
          <td width="380"><a name="13042"></a>
            <h2 class="subtitle">European VC Valuations Report</h2>
            <div>
              <p>The European VC ecosystem has smashed records across the board in 2021—and valuations are no exception. Bullish VC investors, outsized rounds across all stages, and a fervent exit environment have helped push valuations sky high. Our
                Q3 European VC Valuations Report breaks down the latest record-breaking quarter in venture capital, including data on valuations by sector, region, and investor type.</p>
            </div>
            <div>
              <ul class="icon_list_documents">
              </ul>
              <a href="http://https://pitchbook.com/news/reports/q3-2021-european-vc-valuations-report?utm_term=&amp;repromo=&amp;utm_campaign=market_update&amp;utm_medium=nl-na&amp;utm_source=daily_pitch&amp;utm_content=q3_2021_european_vc_valuations_report" target="_blank"><img alt="" height="16" src="/App_Themes/SECA/img/link.gif" width="16">&nbsp;read more</a>
            </div>
          </td>
          <td width="32"><img alt="" height="27" src="/App_Themes/SECA/img/nl/spacer_32x27.gif" width="32"></td>
          <td width="100"><img alt="" src="/getattachment/af111c36-fe77-4741-8f2c-650ca26825d0/european-vc-valuations-report.aspx?width=100">
            <div>
              <div>&nbsp;</div>
              <div>&nbsp;</div>
            </div>
          </td>
          <!-- end h2 title -->
          <td rowspan="2" width="32"><img alt="" height="27" src="/App_Themes/SECA/img/nl/spacer_32x27.gif" width="32"></td>
          <td rowspan="2" width="16"><img alt="" height="16" src="/App_Themes/SECA/img/nl/spacer_16x16.gif" width="16"></td>
        </tr>
        <tr>
          <td colspan="3"><img alt="" height="20" src="/App_Themes/SECA/img/nl/spacer_20x20.gif" width="20"></td>
        </tr>
      </tbody>
    </table>
    <table border="0" cellpadding="0" cellspacing="0" width="592">
      <tbody>
        <tr>
          <td rowspan="2" width="32"><img alt="" height="27" src="/App_Themes/SECA/img/nl/spacer_32x27.gif" width="32"></td>
          <!-- h2 title -->
          <td width="380"><a name="12993"></a>
            <h2 class="subtitle">The Startup Funding Report</h2>
            <div>
              <p>According to the Unconventional Ventures' new report featuring Invest Europe data, the funding gap remains largely the same even though capital deployed to mixed founding teams increased slightly. In 2020, all-women-founded startups
                raised just 0.7% of investment in the Nordics. 7.3% went to mixed-gender founding teams, while all-men founding teams raised 92%.</p>
            </div>
            <div>
              <ul class="icon_list_documents">
              </ul>
              <a href="http://report2021.unconventional.vc/2/" target="_blank"><img alt="" height="16" src="/App_Themes/SECA/img/link.gif" width="16">&nbsp;read more</a>
            </div>
          </td>
          <td width="32"><img alt="" height="27" src="/App_Themes/SECA/img/nl/spacer_32x27.gif" width="32"></td>
          <td width="100"><img alt="" src="/getattachment/57f4c504-d676-4362-9199-3dc46e697c57/the-startup-funding-report.aspx?width=100">
            <div>
              <div>&nbsp;</div>
              <div>&nbsp;</div>
            </div>
          </td>
          <!-- end h2 title -->
          <td rowspan="2" width="32"><img alt="" height="27" src="/App_Themes/SECA/img/nl/spacer_32x27.gif" width="32"></td>
          <td rowspan="2" width="16"><img alt="" height="16" src="/App_Themes/SECA/img/nl/spacer_16x16.gif" width="16"></td>
        </tr>
        <tr>
          <td colspan="3"><img alt="" height="20" src="/App_Themes/SECA/img/nl/spacer_20x20.gif" width="20"></td>
        </tr>
      </tbody>
    </table>
    <table border="0" cellpadding="0" cellspacing="0" width="592">
      <tbody>
        <tr>
          <td rowspan="2" width="32"><img alt="" height="27" src="/App_Themes/SECA/img/nl/spacer_32x27.gif" width="32"></td>
          <!-- h2 title -->
          <td width="380"><a name="12994"></a>
            <h2 class="subtitle">Eversheds Sutherland-KPMG Report – Climate Change and The People Factor</h2>
            <div>
              <p><a href="https://www.eversheds-sutherland.com/global/en/index.page?" target="_blank">Eversheds Sutherland</a> is pleased to share the second installment of Eversheds Sutherland’s climate change report produced jointly with KPMG
                “Climate Change and The People Factor: Why net zero needs the people factor to succeed”. In last year’s report, they explored the connection between companies’ climate change-readiness and their corporate value. In this report, they
                look at how corporates are adapting their people strategies – board preparedness, employee upskilling and community engagement, among other initiatives – to respond to climate risk.</p>
            </div>
            <div>
              <ul class="icon_list_documents">
              </ul>
              <a href="http://www.eversheds-sutherland.com/global/en/what/publications/climate-and-the-people-factor-report/index.page?utm_source=LinkedIn&amp;utm_medium=social&amp;utm_campaign=ESG" target="_blank"><img alt="" height="16" src="/App_Themes/SECA/img/link.gif" width="16">&nbsp;read more</a>
            </div>
          </td>
          <td width="32"><img alt="" height="27" src="/App_Themes/SECA/img/nl/spacer_32x27.gif" width="32"></td>
          <td width="100"><img alt="" src="/getattachment/0fc85387-22a3-4cc3-905c-0cef5a34223e/eversheds-sutherland-kpmg-report-climate-change.aspx?width=100">
            <div>
              <div>&nbsp;</div>
              <div>&nbsp;</div>
            </div>
          </td>
          <!-- end h2 title -->
          <td rowspan="2" width="32"><img alt="" height="27" src="/App_Themes/SECA/img/nl/spacer_32x27.gif" width="32"></td>
          <td rowspan="2" width="16"><img alt="" height="16" src="/App_Themes/SECA/img/nl/spacer_16x16.gif" width="16"></td>
        </tr>
        <tr>
          <td colspan="3"><img alt="" height="20" src="/App_Themes/SECA/img/nl/spacer_20x20.gif" width="20"></td>
        </tr>
      </tbody>
    </table>
    <table border="0" cellpadding="0" cellspacing="0" width="592">
      <tbody>
        <tr>
          <td rowspan="2" width="32"><img alt="" height="27" src="/App_Themes/SECA/img/nl/spacer_32x27.gif" width="32"></td>
          <!-- h2 title -->
          <td width="380"><a name="12995"></a>
            <h2 class="subtitle">Emerging Tech Research: Insurtech</h2>
            <div>
              <p>The insurtech industry has many large incumbents, but the sector continues to remain fragmented due primarily to local regulations in several countries.</p>
            </div>
            <div>
              <ul class="icon_list_documents">
              </ul>
              <a href="http://pitchbook.com/news/reports/q3-2021-emerging-tech-research-insurtech" target="_blank"><img alt="" height="16" src="/App_Themes/SECA/img/link.gif" width="16">&nbsp;Source</a>
            </div>
          </td>
          <td width="32"><img alt="" height="27" src="/App_Themes/SECA/img/nl/spacer_32x27.gif" width="32"></td>
          <td width="100"><img alt="" src="/getattachment/1a6c5563-3cd4-4981-9c2e-c79fe1d8879a/emerging-tech-research-insurtech.aspx?width=100">
            <div>
              <div>&nbsp;</div>
              <div>&nbsp;</div>
            </div>
          </td>
          <!-- end h2 title -->
          <td rowspan="2" width="32"><img alt="" height="27" src="/App_Themes/SECA/img/nl/spacer_32x27.gif" width="32"></td>
          <td rowspan="2" width="16"><img alt="" height="16" src="/App_Themes/SECA/img/nl/spacer_16x16.gif" width="16"></td>
        </tr>
        <tr>
          <td colspan="3"><img alt="" height="20" src="/App_Themes/SECA/img/nl/spacer_20x20.gif" width="20"></td>
        </tr>
      </tbody>
    </table>
    <table border="0" cellpadding="0" cellspacing="0" width="592">
      <tbody>
        <tr>
          <td rowspan="2" width="32"><img alt="" height="27" src="/App_Themes/SECA/img/nl/spacer_32x27.gif" width="32"></td>
          <!-- h2 title -->
          <td width="380"><a name="13007"></a>
            <h2 class="subtitle">Moonfare raises $125M in Series C led by Insight Partners to accelerate global growth</h2>
            <div>
              <p>New SECA Member <a href="https://www.moonfare.com/ch" target="_blank">Moonfare</a>, the leading digital private equity investment platform for individual investors, announced today that it has raised $125 million in Series C funding,
                led by New York-based global private equity and venture capital firm Insight Partners. Moonfare will use the funding to continue to develop innovative investment solutions and accelerate its international expansion. The company has
                raised $185 million in funding to date.</p>
            </div>
            <div>
              <ul class="icon_list_documents">
              </ul>
              <a href="http://www.moonfare.com/blog/series-c?utm_medium=organic_social&amp;utm_source=linkedin&amp;utm_campaign=company_news&amp;utm_content=series_c&amp;utm_source=BenchmarkEmail&amp;utm_campaign=AVCO_Newsletter_November_2021&amp;utm_medium=email" target="_blank"><img alt="" height="16" src="/App_Themes/SECA/img/link.gif" width="16">&nbsp;read more</a>
            </div>
          </td>
          <td width="32"><img alt="" height="27" src="/App_Themes/SECA/img/nl/spacer_32x27.gif" width="32"></td>
          <td width="100"><img alt="" src="/getattachment/ceafb27c-df5c-401e-8f86-cdd13f491bf3/moonfare-raises-125m-in-series-c-led-by-insight-p.aspx?width=100">
            <div>
              <div>&nbsp;</div>
              <div>&nbsp;</div>
            </div>
          </td>
          <!-- end h2 title -->
          <td rowspan="2" width="32"><img alt="" height="27" src="/App_Themes/SECA/img/nl/spacer_32x27.gif" width="32"></td>
          <td rowspan="2" width="16"><img alt="" height="16" src="/App_Themes/SECA/img/nl/spacer_16x16.gif" width="16"></td>
        </tr>
        <tr>
          <td colspan="3"><img alt="" height="20" src="/App_Themes/SECA/img/nl/spacer_20x20.gif" width="20"></td>
        </tr>
      </tbody>
    </table>
    <table border="0" cellpadding="0" cellspacing="0" width="592">
      <tbody>
        <tr>
          <td rowspan="2" width="32"><img alt="" height="27" src="/App_Themes/SECA/img/nl/spacer_32x27.gif" width="32"></td>
          <!-- h2 title -->
          <td width="380"><a name="13009"></a>
            <h2 class="subtitle">European Venture Report</h2>
            <div>
              <p>VC investment in Europe totaled €24 billion in Q3, the second-highest quarterly figure in history. What's more, the three largest quarters for European VC deal value have been the three completed quarters of 2021, as the continent’s
                venture ecosystem rewrites its record books. Our Q3 European Venture Report tracks the trends that are shaping an unprecedented year in VC, as the early pandemic-driven uncertainty has been replaced by investor confidence and
                promising growth.</p>
            </div>
            <div>
              <ul class="icon_list_documents">
              </ul>
              <a href="http://pitchbook.com/news/reports/q3-2021-european-venture-report?utm_medium=email&amp;utm_source=marketo&amp;utm_campaign=vc_market_update&amp;utm_content=q3_2021_european_venture_report&amp;mkt_tok=OTQyLU1ZTS0zNTYAAAGAX7fV3jgWpMkEgOpRot5JM9D03YrPW2iwW5TnSvQu0Oawj" target="_blank"><img alt="" height="16" src="/App_Themes/SECA/img/link.gif" width="16">&nbsp;Download the report</a>
            </div>
          </td>
          <td width="32"><img alt="" height="27" src="/App_Themes/SECA/img/nl/spacer_32x27.gif" width="32"></td>
          <td width="100"><img alt="" src="/getattachment/e8736538-ee6a-4964-89e7-282907789f8e/european-venture-report.aspx?width=100">
            <div>
              <div>&nbsp;</div>
              <div>&nbsp;</div>
            </div>
          </td>
          <!-- end h2 title -->
          <td rowspan="2" width="32"><img alt="" height="27" src="/App_Themes/SECA/img/nl/spacer_32x27.gif" width="32"></td>
          <td rowspan="2" width="16"><img alt="" height="16" src="/App_Themes/SECA/img/nl/spacer_16x16.gif" width="16"></td>
        </tr>
        <tr>
          <td colspan="3"><img alt="" height="20" src="/App_Themes/SECA/img/nl/spacer_20x20.gif" width="20"></td>
        </tr>
      </tbody>
    </table>
    <table border="0" cellpadding="0" cellspacing="0" width="592">
      <tbody>
        <tr>
          <td rowspan="2" width="32"><img alt="" height="27" src="/App_Themes/SECA/img/nl/spacer_32x27.gif" width="32"></td>
          <!-- h2 title -->
          <td width="380"><a name="13014"></a>
            <h2 class="subtitle">Razor raises $125m at a $1Bn+ valuation</h2>
            <div>
              <p>The stellar growth of our portfolio company Razor Group (Redalpine Capital IV &amp; Redalpine Opportunity Fund) has been exceptional. The Berlin-based company successfully closed a $125 million Series B round in its latest equity
                funding round, which includes commitments from Fortress Investment Group, 468 Capital, Victory Park Capital, Presight Capital, Blackrock, Jebsen Capital, GFC, and Redalpine. In turn, this pushes the company past a $1 billion valuation
                – within just 14 months of operation.</p>
            </div>
            <div>
              <ul class="icon_list_documents">
              </ul>
              <a href="http://redalpine.com/blog/?utm_source=Redalpine+Website+News&amp;utm_campaign=17b2f54e21-RSS+Newsletter+Teads+Exit_COPY_01&amp;utm_medium=email&amp;utm_term=0_a7eb50fca6-17b2f54e21-1239351577" target="_blank"><img alt="" height="16" src="/App_Themes/SECA/img/link.gif" width="16">&nbsp;read more</a>
            </div>
          </td>
          <td width="32"><img alt="" height="27" src="/App_Themes/SECA/img/nl/spacer_32x27.gif" width="32"></td>
          <td width="100"><img alt="" src="/getattachment/1f988a9c-b0b3-4d99-afbb-4187a82e4e6f/razor-raises-125m-at-a-1bn-valuation.aspx?width=100">
            <div>
              <div>&nbsp;</div>
              <div>&nbsp;</div>
            </div>
          </td>
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          <td rowspan="2" width="32"><img alt="" height="27" src="/App_Themes/SECA/img/nl/spacer_32x27.gif" width="32"></td>
          <td rowspan="2" width="16"><img alt="" height="16" src="/App_Themes/SECA/img/nl/spacer_16x16.gif" width="16"></td>
        </tr>
        <tr>
          <td colspan="3"><img alt="" height="20" src="/App_Themes/SECA/img/nl/spacer_20x20.gif" width="20"></td>
        </tr>
      </tbody>
    </table>
    <table border="0" cellpadding="0" cellspacing="0" width="592">
      <tbody>
        <tr>
          <td rowspan="2" width="32"><img alt="" height="27" src="/App_Themes/SECA/img/nl/spacer_32x27.gif" width="32"></td>
          <!-- h2 title -->
          <td width="380"><a name="13016"></a>
            <h2 class="subtitle">EQT Ventures and EQT Growth to exit its holdings in Wolt, a leading food delivery platform operating across 23 countries</h2>
            <div>
              <p>DoorDash is acquiring <a href="https://wolt.com/" target="_blank">Wolt </a>in an all-stock deal worth approximately EUR 7 billion; <a href="https://eqtgroup.com/" target="_blank">EQT </a>Ventures and EQT Growth will exit their
                holdings in Wolt and receive DoorDash stock as part of the transaction.</p>
            </div>
            <div>
              <ul class="icon_list_documents">
              </ul>
              <a href="http://eqtgroup.com/news/2021/eqt-ventures-and-eqt-growth-to-exit-its-holdings-in-wolt-a-leading-food-delivery-platform-operating-across-23-countries" target="_blank"><img alt="" height="16" src="/App_Themes/SECA/img/link.gif" width="16">&nbsp;read more</a>
            </div>
          </td>
          <td width="32"><img alt="" height="27" src="/App_Themes/SECA/img/nl/spacer_32x27.gif" width="32"></td>
          <td width="100"><img alt="" src="/getattachment/1c6ab64f-3535-4261-9d5b-5b81bb9454b7/eqt-ventures-and-eqt-growth-to-exit-its-holdings-i.aspx?width=100">
            <div>
              <div>&nbsp;</div>
              <div>&nbsp;</div>
            </div>
          </td>
          <!-- end h2 title -->
          <td rowspan="2" width="32"><img alt="" height="27" src="/App_Themes/SECA/img/nl/spacer_32x27.gif" width="32"></td>
          <td rowspan="2" width="16"><img alt="" height="16" src="/App_Themes/SECA/img/nl/spacer_16x16.gif" width="16"></td>
        </tr>
        <tr>
          <td colspan="3"><img alt="" height="20" src="/App_Themes/SECA/img/nl/spacer_20x20.gif" width="20"></td>
        </tr>
      </tbody>
    </table>
    <table border="0" cellpadding="0" cellspacing="0" width="592">
      <tbody>
        <tr>
          <td rowspan="2" width="32"><img alt="" height="27" src="/App_Themes/SECA/img/nl/spacer_32x27.gif" width="32"></td>
          <!-- h2 title -->
          <td width="380"><a name="13017"></a>
            <h2 class="subtitle">Redalpine leads €4.2m Seed round of Collato – the platform to simplify creative workflow management</h2>
            <div>
              <p><a href="https://redalpine.com/" target="_blank">Redalpine </a>is excited to announce its Seed investment in Berlin-based Collato (Redalpine Capital VI). Mangrove Capital and the (ex-)CEOs of Zalando have also participated in the
                €4.2m round.</p>
            </div>
            <div>
              <ul class="icon_list_documents">
              </ul>
              <a href="http://redalpine.com/blog/?utm_source=Redalpine+Website+News&amp;utm_campaign=4d7420962f-RSS+Newsletter+Teads+Exit_COPY_01&amp;utm_medium=email&amp;utm_term=0_a7eb50fca6-4d7420962f-1239351577" target="_blank"><img alt="" height="16" src="/App_Themes/SECA/img/link.gif" width="16">&nbsp;read more</a>
            </div>
          </td>
          <td width="32"><img alt="" height="27" src="/App_Themes/SECA/img/nl/spacer_32x27.gif" width="32"></td>
          <td width="100"><img alt="" src="/getattachment/a5d81cc4-10a3-479d-a3ad-d4399197adf1/redalpine-leads-4-2m-seed-round-of-collato-the.aspx?width=100">
            <div>
              <div>&nbsp;</div>
              <div>&nbsp;</div>
            </div>
          </td>
          <!-- end h2 title -->
          <td rowspan="2" width="32"><img alt="" height="27" src="/App_Themes/SECA/img/nl/spacer_32x27.gif" width="32"></td>
          <td rowspan="2" width="16"><img alt="" height="16" src="/App_Themes/SECA/img/nl/spacer_16x16.gif" width="16"></td>
        </tr>
        <tr>
          <td colspan="3"><img alt="" height="20" src="/App_Themes/SECA/img/nl/spacer_20x20.gif" width="20"></td>
        </tr>
      </tbody>
    </table>
    <table border="0" cellpadding="0" cellspacing="0" width="592">
      <tbody>
        <tr>
          <td rowspan="2" width="32"><img alt="" height="27" src="/App_Themes/SECA/img/nl/spacer_32x27.gif" width="32"></td>
          <!-- h2 title -->
          <td width="380"><a name="13018"></a>
            <h2 class="subtitle">Versics gewinnt CHF 150’000 für die Entwicklung des Datenverkehrs der Zukunft</h2>
            <div>
              <p>Unsere Gesellschaft tauscht mehr Informationen aus als je zuvor, und wir stehen vor einer technologischen Bandbreitenlücke. Die Erhöhung der Bandbreite mit der bestehenden Technologie führt zu einem unhaltbaren Energiebedarf,
                komplexen Hardware-Anwendungen und hohen Betriebskosten. Der Venture-Kick-Gewinner Versics entwickelt modulare Glasfaserkomponenten für die nächste Generation von Hochgeschwindigkeits-Glasfasernetzen, die Internet- und
                Cloud-Service-Providern dienen. Das in Zürich ansässige Startup wird die CHF 150’000 nutzen, um seinen Markteintritt zu beschleunigen.</p>
            </div>
            <div>
              <ul class="icon_list_documents">
                <li><a href="/getattachment/96333dee-0cf7-4ec6-a619-5a9e50f6cfbc/versics-gewinnt-chf-150-000-fur-die-entwicklung-de.aspx" target="_blank">Medienmitteilung</a></li>
              </ul>
            </div>
          </td>
          <td width="32"><img alt="" height="27" src="/App_Themes/SECA/img/nl/spacer_32x27.gif" width="32"></td>
          <td width="100"><img alt="" src="/getattachment/8e9ef48c-73ce-429a-8f15-b8175fa2757e/versics-gewinnt-chf-150-000-fur-die-entwicklung-de.aspx?width=100">
            <div>
              <div>&nbsp;</div>
              <div>&nbsp;</div>
            </div>
          </td>
          <!-- end h2 title -->
          <td rowspan="2" width="32"><img alt="" height="27" src="/App_Themes/SECA/img/nl/spacer_32x27.gif" width="32"></td>
          <td rowspan="2" width="16"><img alt="" height="16" src="/App_Themes/SECA/img/nl/spacer_16x16.gif" width="16"></td>
        </tr>
        <tr>
          <td colspan="3"><img alt="" height="20" src="/App_Themes/SECA/img/nl/spacer_20x20.gif" width="20"></td>
        </tr>
      </tbody>
    </table>
    <table border="0" cellpadding="0" cellspacing="0" width="592">
      <tbody>
        <tr>
          <td rowspan="2" width="32"><img alt="" height="27" src="/App_Themes/SECA/img/nl/spacer_32x27.gif" width="32"></td>
          <!-- h2 title -->
          <td width="380"><a name="13020"></a>
            <h2 class="subtitle">BAND Awards: Simone Brummelhuis, Netherlands, is "Europe's Female Angel Investor of the Year 2021"</h2>
            <div>
              <p>The "Golden Aurora", the prize for the best female business angel in Europe, will be awarded this year to a Dutch woman from Amsterdam, Simone Brummelhuis. In addition to Brummelhuis, the European jury had three other nominees for
                the final selection from a total of 18: Gloria Bäuerlein, Germany, Berlin, the sisters Conny Hörl and Katja Ruhnke, Austria and Germany, as a tandem and Nina Portier Reinhart, Switzerland.</p>
            </div>
            <div>
              <ul class="icon_list_documents">
              </ul>
              <a href="http://206495.seu2.cleverreach.com/m/13134549/0-f4ba58e33322e73e6faeed904f31761e87aa2aeab527c0a559e9d39fd1e3efe3a2ef03dd2e0f469be0e6c92506e701c0" target="_blank"><img alt="" height="16" src="/App_Themes/SECA/img/link.gif" width="16">&nbsp;read more</a>
            </div>
          </td>
          <td width="32"><img alt="" height="27" src="/App_Themes/SECA/img/nl/spacer_32x27.gif" width="32"></td>
          <td width="100"><img alt="" src="/getattachment/a0f14e8d-507f-4ed5-970e-312fef4a79df/band-awards-simone-brummelhuis-netherlands-is.aspx?width=100">
            <div>
              <div>&nbsp;</div>
              <div>&nbsp;</div>
            </div>
          </td>
          <!-- end h2 title -->
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          <td rowspan="2" width="16"><img alt="" height="16" src="/App_Themes/SECA/img/nl/spacer_16x16.gif" width="16"></td>
        </tr>
        <tr>
          <td colspan="3"><img alt="" height="20" src="/App_Themes/SECA/img/nl/spacer_20x20.gif" width="20"></td>
        </tr>
      </tbody>
    </table>
    <table border="0" cellpadding="0" cellspacing="0" width="592">
      <tbody>
        <tr>
          <td rowspan="2" width="32"><img alt="" height="27" src="/App_Themes/SECA/img/nl/spacer_32x27.gif" width="32"></td>
          <!-- h2 title -->
          <td width="380"><a name="13024"></a>
            <h2 class="subtitle">Swiss Venture Insights - October 2021</h2>
            <div>
              <p>In October 2021, Swiss companies raise a total of CHF 261 million in equity investments. This was primarily driven by MindMaze's CHF 116 million growth round. This is further reflected in the charts with the canton of Vaud and the
                Medtech sector showing the most amount of funding in October. ONWARD Medical made its debut in the public markets by floating its shares on the Euronext exchange in Brussels, thereby raising CHF 93 million. We further counted seven
                Trade Sales and one SPAC for the month of October.</p>
            </div>
            <div>
              <ul class="icon_list_documents">
              </ul>
              <a href="http://www.startup.ch/swiss-venture-insights?ct=t%28Venturelab+newsletter+20211103%29&amp;mc_cid=c6cf64ec76&amp;mc_eid=8e0d557bca" target="_blank"><img alt="" height="16" src="/App_Themes/SECA/img/link.gif" width="16">&nbsp;read more</a>
            </div>
          </td>
          <td width="32"><img alt="" height="27" src="/App_Themes/SECA/img/nl/spacer_32x27.gif" width="32"></td>
          <td width="100"><img alt="" src="/getattachment/5b4fc7f6-d39d-4fda-bf29-d3147110736a/swiss-venture-insights-october-2021.aspx?width=100">
            <div>
              <div>&nbsp;</div>
              <div>&nbsp;</div>
            </div>
          </td>
          <!-- end h2 title -->
          <td rowspan="2" width="32"><img alt="" height="27" src="/App_Themes/SECA/img/nl/spacer_32x27.gif" width="32"></td>
          <td rowspan="2" width="16"><img alt="" height="16" src="/App_Themes/SECA/img/nl/spacer_16x16.gif" width="16"></td>
        </tr>
        <tr>
          <td colspan="3"><img alt="" height="20" src="/App_Themes/SECA/img/nl/spacer_20x20.gif" width="20"></td>
        </tr>
      </tbody>
    </table>
    <table border="0" cellpadding="0" cellspacing="0" width="592">
      <tbody>
        <tr>
          <td rowspan="2" width="32"><img alt="" height="27" src="/App_Themes/SECA/img/nl/spacer_32x27.gif" width="32"></td>
          <!-- h2 title -->
          <td width="380"><a name="13027"></a>
            <h2 class="subtitle">Signifikant closes financing round to fuel international growth</h2>
            <div>
              <p>After numerous market successes in the recent months, such as customer wins and the strategic partnership with BearingPoint, Signifikant is now closing a financing round with
                <a href="https://www.spicehaus.com/" target="_blank">Spicehaus Partners</a> as lead investor. In addition, some of the existing investors have increased their financial commitment.</p>
            </div>
            <div>
              <ul class="icon_list_documents">
              </ul>
              <a href="http://www.startupticker.ch/en/news/significant-closes-financing-round-to-fuel-international-growth?utm_medium=email&amp;_hsmi=177456848&amp;_hsenc=p2ANqtz-_8EUtbY8g6Nsnl4VxCkCKjnRoDR7zhjOg1alx0OUYMhQO6cYkL-7NpLnXvXV4W3XDv8qIqUdglkzoj1FbRYVFvEI9hoQ&amp;utm_cont" target="_blank"><img alt="" height="16" src="/App_Themes/SECA/img/link.gif" width="16">&nbsp;read more</a>
            </div>
          </td>
          <td width="32"><img alt="" height="27" src="/App_Themes/SECA/img/nl/spacer_32x27.gif" width="32"></td>
          <td width="100"><img alt="" src="/getattachment/7d29c601-ad41-483a-91aa-6411691df033/signifikant-closes-financing-round-to-fuel-interna.aspx?width=100">
            <div>
              <div>&nbsp;</div>
              <div>&nbsp;</div>
            </div>
          </td>
          <!-- end h2 title -->
          <td rowspan="2" width="32"><img alt="" height="27" src="/App_Themes/SECA/img/nl/spacer_32x27.gif" width="32"></td>
          <td rowspan="2" width="16"><img alt="" height="16" src="/App_Themes/SECA/img/nl/spacer_16x16.gif" width="16"></td>
        </tr>
        <tr>
          <td colspan="3"><img alt="" height="20" src="/App_Themes/SECA/img/nl/spacer_20x20.gif" width="20"></td>
        </tr>
      </tbody>
    </table>
    <table border="0" cellpadding="0" cellspacing="0" width="592">
      <tbody>
        <tr>
          <td rowspan="2" width="32"><img alt="" height="27" src="/App_Themes/SECA/img/nl/spacer_32x27.gif" width="32"></td>
          <!-- h2 title -->
          <td width="380"><a name="13028"></a>
            <h2 class="subtitle">Ecoo secures CHF 1 million for its blochain-based loyalty programm</h2>
            <div>
              <p>Zug based startup <a href="https://www.ecoo.ch/de/die-app/" target="_blank">ecoo </a>has signed a strategic investment agreement with several partners enabling the startup to raise over CHF 1 million for its series A financing round
                led by Eagle Venture Fund. The startup developed an app that provides cities, municipalities, businesses and economic regions simple, secure access to digital conditional payment systems.</p>
            </div>
            <div>
              <ul class="icon_list_documents">
              </ul>
              <a href="http://www.startupticker.ch/en/news/ecoo-secures-chf-1-million?utm_source=newsletter468&amp;utm_medium=email&amp;utm_campaign=newsletter468" target="_blank"><img alt="" height="16" src="/App_Themes/SECA/img/link.gif" width="16">&nbsp;read more</a>
            </div>
          </td>
          <td width="32"><img alt="" height="27" src="/App_Themes/SECA/img/nl/spacer_32x27.gif" width="32"></td>
          <td width="100"><img alt="" src="/getattachment/000f2c37-f7b6-4f0d-82aa-24e2c68d29b5/ecoo-secures-chf-1-million-for-its-blochain-based.aspx?width=100">
            <div>
              <div>&nbsp;</div>
              <div>&nbsp;</div>
            </div>
          </td>
          <!-- end h2 title -->
          <td rowspan="2" width="32"><img alt="" height="27" src="/App_Themes/SECA/img/nl/spacer_32x27.gif" width="32"></td>
          <td rowspan="2" width="16"><img alt="" height="16" src="/App_Themes/SECA/img/nl/spacer_16x16.gif" width="16"></td>
        </tr>
        <tr>
          <td colspan="3"><img alt="" height="20" src="/App_Themes/SECA/img/nl/spacer_20x20.gif" width="20"></td>
        </tr>
      </tbody>
    </table>
    <table border="0" cellpadding="0" cellspacing="0" width="592">
      <tbody>
        <tr>
          <td rowspan="2" width="32"><img alt="" height="27" src="/App_Themes/SECA/img/nl/spacer_32x27.gif" width="32"></td>
          <!-- h2 title -->
          <td width="380"><a name="13029"></a>
            <h2 class="subtitle">Switzerland Innovation Tech4Impact: Six Projects Awarded CHF 85,000 Each</h2>
            <div>
              <p>More than 50 project teams responded to the second call for proposals launched by <a href="https://www.switzerland-innovation.com/" target="_blank">Switzerland Innovation</a> together with partners from the Swiss economy. The topics
                addressed by the award-winning projects range from efficient energy storage to biodegradable fast disposables and real time plant health measurement.</p>
            </div>
            <div>
              <ul class="icon_list_documents">
              </ul>
              <a href="http://www.startupticker.ch/en/news/switzerland-innovation-tech4impact-six-projects-awarded-chf-85-000-each-%281%29" target="_blank"><img alt="" height="16" src="/App_Themes/SECA/img/link.gif" width="16">&nbsp;read more</a>
            </div>
          </td>
          <td width="32"><img alt="" height="27" src="/App_Themes/SECA/img/nl/spacer_32x27.gif" width="32"></td>
          <td width="100"><img alt="" src="/getattachment/030c5af8-39f0-4a0c-90e9-1760ce6c64c9/switzerland-innovation-tech4impact-six-projects-a.aspx?width=100">
            <div>
              <div>&nbsp;</div>
              <div>&nbsp;</div>
            </div>
          </td>
          <!-- end h2 title -->
          <td rowspan="2" width="32"><img alt="" height="27" src="/App_Themes/SECA/img/nl/spacer_32x27.gif" width="32"></td>
          <td rowspan="2" width="16"><img alt="" height="16" src="/App_Themes/SECA/img/nl/spacer_16x16.gif" width="16"></td>
        </tr>
        <tr>
          <td colspan="3"><img alt="" height="20" src="/App_Themes/SECA/img/nl/spacer_20x20.gif" width="20"></td>
        </tr>
      </tbody>
    </table>
    <table border="0" cellpadding="0" cellspacing="0" width="592">
      <tbody>
        <tr>
          <td rowspan="2" width="32"><img alt="" height="27" src="/App_Themes/SECA/img/nl/spacer_32x27.gif" width="32"></td>
          <!-- h2 title -->
          <td width="380"><a name="13030"></a>
            <h2 class="subtitle">Swiss Startup Capital becomes Serpentine Ventures</h2>
            <div>
              <p>The Swiss Startup Group AG (SSUG) is re-branding its investment arm into <a href="https://www.serpentine.vc/" target="_blank">Serpentine Ventures</a>. The company currently hosts 4 funds and has invested into 25 startups in the
                fields of Information and Communications Technology (ICT), high tech as well as healthtech companies on a selective basis.</p>
            </div>
            <div>
              <ul class="icon_list_documents">
              </ul>
              <a href="http://www.startupticker.ch/en/news/swiss-startup-capital-becomes-serpentine-ventures?utm_source=newsletter468&amp;utm_medium=email&amp;utm_campaign=newsletter468" target="_blank"><img alt="" height="16" src="/App_Themes/SECA/img/link.gif" width="16">&nbsp;Source</a>
            </div>
          </td>
          <td width="32"><img alt="" height="27" src="/App_Themes/SECA/img/nl/spacer_32x27.gif" width="32"></td>
          <td width="100"><img alt="" src="/getattachment/3ff267cb-ed28-412d-9f96-55f7612542cd/swiss-startup-capital-becomes-serpentine-ventures.aspx?width=100">
            <div>
              <div>&nbsp;</div>
              <div>&nbsp;</div>
            </div>
          </td>
          <!-- end h2 title -->
          <td rowspan="2" width="32"><img alt="" height="27" src="/App_Themes/SECA/img/nl/spacer_32x27.gif" width="32"></td>
          <td rowspan="2" width="16"><img alt="" height="16" src="/App_Themes/SECA/img/nl/spacer_16x16.gif" width="16"></td>
        </tr>
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          <td colspan="3"><img alt="" height="20" src="/App_Themes/SECA/img/nl/spacer_20x20.gif" width="20"></td>
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      </tbody>
    </table>
    <table border="0" cellpadding="0" cellspacing="0" width="592">
      <tbody>
        <tr>
          <td rowspan="2" width="32"><img alt="" height="27" src="/App_Themes/SECA/img/nl/spacer_32x27.gif" width="32"></td>
          <!-- h2 title -->
          <td width="380"><a name="13031"></a>
            <h2 class="subtitle">mininavident AG receives an investment by Straumann Holding AG and enters into a broad development and world-wide distribution cooperation with Straum</h2>
            <div>
              <p><a href="https://www.mininavident.com/" target="_blank">mininavident AG</a> today announced that the company has received an investment by
                <a href="https://www.straumann.com/group/ch/de/startseite.html" target="_blank">Straumann Holding AG</a> to further develop and market its DENACAM system. DENACAM is a miniaturized dynamic navigation system for dental implants which
                guides the physician in real-time and 3D to the correct positioning of the implant – all without the use of drill guides or freehand surgery, thereby enabling a fully digital workflow.</p>
            </div>
            <div>
              <ul class="icon_list_documents">
              </ul>
              <a href="http://www.mininavident.com/view/data/7825/Stellen/mininavident%20press%20release%20Oct%202021.pdf" target="_blank"><img alt="" height="16" src="/App_Themes/SECA/img/link.gif" width="16">&nbsp;read more</a>
            </div>
          </td>
          <td width="32"><img alt="" height="27" src="/App_Themes/SECA/img/nl/spacer_32x27.gif" width="32"></td>
          <td width="100">
            <div>
              <div>&nbsp;</div>
              <div>&nbsp;</div>
            </div>
          </td>
          <!-- end h2 title -->
          <td rowspan="2" width="32"><img alt="" height="27" src="/App_Themes/SECA/img/nl/spacer_32x27.gif" width="32"></td>
          <td rowspan="2" width="16"><img alt="" height="16" src="/App_Themes/SECA/img/nl/spacer_16x16.gif" width="16"></td>
        </tr>
        <tr>
          <td colspan="3"><img alt="" height="20" src="/App_Themes/SECA/img/nl/spacer_20x20.gif" width="20"></td>
        </tr>
      </tbody>
    </table>
    <table border="0" cellpadding="0" cellspacing="0" width="592">
      <tbody>
        <tr>
          <td rowspan="2" width="32"><img alt="" height="27" src="/App_Themes/SECA/img/nl/spacer_32x27.gif" width="32"></td>
          <!-- h2 title -->
          <td width="380"><a name="13033"></a>
            <h2 class="subtitle">First companies benefit from Maximon's Longevity Co-Investment Fund</h2>
            <div>
              <p>The newly launched CHF 100 million Fund finances longevity-focussed start-ups founded by Swiss company builder <a href="https://www.maximon.com/" target="_blank">Maximon</a>. The Fund’s first investments include Zug based companies
                AVEA and Biolytica.</p>
            </div>
            <div>
              <ul class="icon_list_documents">
              </ul>
              <a href="http://www.startupticker.ch/en/news/first-companies-benefit-from-maximon-longevity-co-investment-fund" target="_blank"><img alt="" height="16" src="/App_Themes/SECA/img/link.gif" width="16">&nbsp;read more</a>
            </div>
          </td>
          <td width="32"><img alt="" height="27" src="/App_Themes/SECA/img/nl/spacer_32x27.gif" width="32"></td>
          <td width="100"><img alt="" src="/getattachment/2d1f1bde-31d4-450a-9543-1d1dc9c8d9de/first-companies-benefit-from-maximon-s-longevity-c.aspx?width=100">
            <div>
              <div>&nbsp;</div>
              <div>&nbsp;</div>
            </div>
          </td>
          <!-- end h2 title -->
          <td rowspan="2" width="32"><img alt="" height="27" src="/App_Themes/SECA/img/nl/spacer_32x27.gif" width="32"></td>
          <td rowspan="2" width="16"><img alt="" height="16" src="/App_Themes/SECA/img/nl/spacer_16x16.gif" width="16"></td>
        </tr>
        <tr>
          <td colspan="3"><img alt="" height="20" src="/App_Themes/SECA/img/nl/spacer_20x20.gif" width="20"></td>
        </tr>
      </tbody>
    </table>
    <table border="0" cellpadding="0" cellspacing="0" width="592">
      <tbody>
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          <td rowspan="2" width="32"><img alt="" height="27" src="/App_Themes/SECA/img/nl/spacer_32x27.gif" width="32"></td>
          <!-- h2 title -->
          <td width="380"><a name="13039"></a>
            <h2 class="subtitle">EIF Venture Capital Survey 2021: Market sentiment</h2>
            <div>
              <p>The EIF VC Survey, the EIF Private Equity Mid-Market Survey, and the EIF Business Angels Survey (the largest combined regular survey exercises among GPs and Business Angels on a pan-European level) provide an opportunity to retrieve
                unique market insights. This publication is based on the results of the 2021 EIF VC Survey. The paper focuses on the market sentiment and the impact of COVID-19. The study looks at the current situation, developments in the recent
                past and expectations for the future. The main results are summarised and compared over time. The publication provides a valuable picture of the developments and the market situation in 2021 as well as an outlook for the near future.
              </p>
            </div>
            <div>
              <ul class="icon_list_documents">
              </ul>
              <a href="http://www.eif.org/news_centre/publications/EIF_Working_Paper_2021_74.htm" target="_blank"><img alt="" height="16" src="/App_Themes/SECA/img/link.gif" width="16">&nbsp;read more</a>
            </div>
          </td>
          <td width="32"><img alt="" height="27" src="/App_Themes/SECA/img/nl/spacer_32x27.gif" width="32"></td>
          <td width="100"><img alt="" src="/getattachment/3a8aa2b3-e761-4570-a355-a31844d49135/eif-venture-capital-survey-2021-market-sentiment.aspx?width=100">
            <div>
              <div>&nbsp;</div>
              <div>&nbsp;</div>
            </div>
          </td>
          <!-- end h2 title -->
          <td rowspan="2" width="32"><img alt="" height="27" src="/App_Themes/SECA/img/nl/spacer_32x27.gif" width="32"></td>
          <td rowspan="2" width="16"><img alt="" height="16" src="/App_Themes/SECA/img/nl/spacer_16x16.gif" width="16"></td>
        </tr>
        <tr>
          <td colspan="3"><img alt="" height="20" src="/App_Themes/SECA/img/nl/spacer_20x20.gif" width="20"></td>
        </tr>
      </tbody>
    </table>
    <table border="0" cellpadding="0" cellspacing="0" width="592">
      <tbody>
        <tr>
          <td colspan="2" height="16" width="32"><img alt="" height="16" src="/App_Themes/SECA/img/nl/spacer_16x16.gif" width="16"></td>
          <td width="512"><img alt="" height="16" src="/App_Themes/SECA/img/nl/spacer_16x16.gif" width="16"></td>
          <td width="32">&nbsp;</td>
          <td width="16"><img alt="" height="16" src="/App_Themes/SECA/img/nl/spacer_16x16.gif" width="16"></td>
        </tr>
        <tr>
          <td height="53" rowspan="2" style="border-top: 1px solid #000000; border-bottom: 1px solid #000000;" width="16"><img alt="" height="53" src="/App_Themes/SECA/img/nl/spacer_16x16.gif" width="16"></td>
          <td rowspan="2" style="border-top: 1px solid #000000; border-bottom: 1px solid #000000;" width="16"><img alt="" height="53" src="/App_Themes/SECA/img/nl/spacer_16x16.gif" width="16"></td>
          <td style="border-top: 1px solid #000000;" valign="center"><img alt="" height="10" src="/App_Themes/SECA/img/nl/spacer_6x10.gif" width="6"></td>
          <td style="border-top: 1px solid #000000;">&nbsp;</td>
          <td rowspan="2" style="border-top: 1px solid #000000; border-bottom: 1px solid #000000;" width="16"><img alt="" height="53" src="/App_Themes/SECA/img/nl/spacer_16x16.gif" width="16"></td>
        </tr>
        <tr>
          <td height="43" style="border-bottom: 1px solid #000000;" valign="top"><a name="nl_33722"></a>
            <h1 class="no_space">Private Equity – Swiss News</h1>
          </td>
          <td style="border-bottom: 1px solid #000000;">&nbsp;</td>
        </tr>
        <tr>
          <td colspan="2" height="27"><img alt="" height="27" src="/App_Themes/SECA/img/nl/spacer_32x27.gif"></td>
          <td>&nbsp;</td>
          <td><img alt="" height="27" src="/App_Themes/SECA/img/nl/spacer_32x27.gif"></td>
          <td width="16">&nbsp;</td>
        </tr>
      </tbody>
    </table>
    <table border="0" cellpadding="0" cellspacing="0" width="592">
      <tbody>
        <tr>
          <td rowspan="2" width="32"><img alt="" height="27" src="/App_Themes/SECA/img/nl/spacer_32x27.gif" width="32"></td>
          <!-- h2 title -->
          <td width="380"><a name="12986"></a>
            <h2 class="subtitle">Partners Group to sell Pacific Bells</h2>
            <div>
              <p>Private markets firm <a href="https://www.partnersgroup.com/de/" target="_blank">Partners Group</a>, on behalf of its clients, is to sell <a href="https://www.pacificbells.com/" target="_blank">Pacific Bells</a>, a franchisee of the
                Taco Bell brand in the US, to Orangewood Partners, a long-term focused private investment firm. The terms of the transaction have not been disclosed.</p>
            </div>
            <div>
              <ul class="icon_list_documents">
              </ul>
              <a href="http://www.partnersgroup.com/de/news-meinungen/medienmitteilungen/investitionsmitteilungen/translate-to-deutsch-detail/article/partners-group-to-sell-pacific-bells-a-leading-franchisee-of-the-taco-bell-brand-in-the-us-5/" target="_blank"><img alt="" height="16" src="/App_Themes/SECA/img/link.gif" width="16">&nbsp;read more</a>
            </div>
          </td>
          <td width="32"><img alt="" height="27" src="/App_Themes/SECA/img/nl/spacer_32x27.gif" width="32"></td>
          <td width="100"><img alt="" src="/getattachment/dcb0aece-b812-4264-8b63-d090141e603b/news.aspx?width=100">
            <div>
              <div>&nbsp;</div>
              <div>&nbsp;</div>
            </div>
          </td>
          <!-- end h2 title -->
          <td rowspan="2" width="32"><img alt="" height="27" src="/App_Themes/SECA/img/nl/spacer_32x27.gif" width="32"></td>
          <td rowspan="2" width="16"><img alt="" height="16" src="/App_Themes/SECA/img/nl/spacer_16x16.gif" width="16"></td>
        </tr>
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          <td colspan="3"><img alt="" height="20" src="/App_Themes/SECA/img/nl/spacer_20x20.gif" width="20"></td>
        </tr>
      </tbody>
    </table>
    <table border="0" cellpadding="0" cellspacing="0" width="592">
      <tbody>
        <tr>
          <td rowspan="2" width="32"><img alt="" height="27" src="/App_Themes/SECA/img/nl/spacer_32x27.gif" width="32"></td>
          <!-- h2 title -->
          <td width="380"><a name="12997"></a>
            <h2 class="subtitle">Pureos Bioventures invests in Acrivon Therapeutics</h2>
            <div>
              <p>Pureos is&nbsp;happy to announce a new investment of Pureos Bioventures in Acrivon Therapeutics Inc., a clinical-stage oncology therapeutics company with proprietary technologies driving a new era of precision-based medicine. They
                participated in an oversubscribed USD 100mn Series B round together with blue-chip investors Wellington Management, Surveyor Capital, RA Capital, Perceptive Advisors,
                <a href="https://www.hbmhealthcare.com/de" target="_blank">HBM Healthcare Investments</a> and additional co-investors. The financing will support the clinical development of its advanced Phase 2 lead asset prexasertib, a potent DNA
                Damage Response (DDR) inhibitor, in platinum-resistant ovarian cancer and other solid cancers.</p>
            </div>
            <div>
              <ul class="icon_list_documents">
              </ul>
              <a href="http://acrivon.com/news-press/acrivon-therapeutics-closes-oversubscribed-100-million-series-b-financing-to-advance-its-innovative-precision-proteomics-platform-and-clinical-oncology-pipeline/" target="_blank"><img alt="" height="16" src="/App_Themes/SECA/img/link.gif" width="16">&nbsp;read more</a>
            </div>
          </td>
          <td width="32"><img alt="" height="27" src="/App_Themes/SECA/img/nl/spacer_32x27.gif" width="32"></td>
          <td width="100"><img alt="" src="/getattachment/11305b99-6053-4df7-987e-aaa308b2c6b8/pureos-bioventures-invests-in-acrivon-therapeutics.aspx?width=100">
            <div>
              <div>&nbsp;</div>
              <div>&nbsp;</div>
            </div>
          </td>
          <!-- end h2 title -->
          <td rowspan="2" width="32"><img alt="" height="27" src="/App_Themes/SECA/img/nl/spacer_32x27.gif" width="32"></td>
          <td rowspan="2" width="16"><img alt="" height="16" src="/App_Themes/SECA/img/nl/spacer_16x16.gif" width="16"></td>
        </tr>
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          <td colspan="3"><img alt="" height="20" src="/App_Themes/SECA/img/nl/spacer_20x20.gif" width="20"></td>
        </tr>
      </tbody>
    </table>
    <table border="0" cellpadding="0" cellspacing="0" width="592">
      <tbody>
        <tr>
          <td rowspan="2" width="32"><img alt="" height="27" src="/App_Themes/SECA/img/nl/spacer_32x27.gif" width="32"></td>
          <!-- h2 title -->
          <td width="380"><a name="12998"></a>
            <h2 class="subtitle">Sika übernimmt MBCC Group</h2>
            <div>
              <p><a href="https://che.sika.com/de/home.html" target="_blank">Sika </a>hat eine verbindliche Vereinbarung zur Übernahme der <a href="https://www.mbcc-group.com/de/" target="_blank">MBCC Group</a>, das ehemalige Bauchemiegeschäft der
                BASF-Gruppe (BASF Construction Chemicals), von einer Tochtergesellschaft des globalen Private-Equity-Unternehmens Lone Star Funds, unterzeichnet. Die Transaktion bewertet die MBCC Group mit CHF 5.5 Milliarden (EUR 5.2 Milliarden). Die
                MBCC Group ist ein weltweit führender Anbieter von bauchemischen Produkten und Lösungen. Die Übernahme wird Sikas Angebot in vier von fünf Kerntechnologien und sieben von acht Zielmärkten ergänzen und erweitern sowie die geografische
                Präsenz des Unternehmens stärken. Mit der Transaktion entsteht ein Schlüsselspieler für mehr Nachhaltigkeit.</p>
            </div>
            <div>
              <ul class="icon_list_documents">
              </ul>
              <a href="http://che.sika.com/de/news/2021/sika-uebernimmt-mbcc-group.html" target="_blank"><img alt="" height="16" src="/App_Themes/SECA/img/link.gif" width="16">&nbsp;read more</a>
            </div>
          </td>
          <td width="32"><img alt="" height="27" src="/App_Themes/SECA/img/nl/spacer_32x27.gif" width="32"></td>
          <td width="100"><img alt="" src="/getattachment/b2a48fd2-a6c2-4b75-b011-fae19cd1a85a/sika-ubernimmt-mbcc-group.aspx?width=100">
            <div>
              <div>&nbsp;</div>
              <div>&nbsp;</div>
            </div>
          </td>
          <!-- end h2 title -->
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          <td rowspan="2" width="16"><img alt="" height="16" src="/App_Themes/SECA/img/nl/spacer_16x16.gif" width="16"></td>
        </tr>
        <tr>
          <td colspan="3"><img alt="" height="20" src="/App_Themes/SECA/img/nl/spacer_20x20.gif" width="20"></td>
        </tr>
      </tbody>
    </table>
    <table border="0" cellpadding="0" cellspacing="0" width="592">
      <tbody>
        <tr>
          <td rowspan="2" width="32"><img alt="" height="27" src="/App_Themes/SECA/img/nl/spacer_32x27.gif" width="32"></td>
          <!-- h2 title -->
          <td width="380"><a name="13000"></a>
            <h2 class="subtitle">Kalt Maschinenbau AG and staedler automation AG: two strong companies pool their strengths and embark on a shared future</h2>
            <div>
              <p>The owners of Kalt Maschinenbau AG (“Kalt”) and staedler automation AG (“staedler”) have agreed to collaborate in future. Kalt, a leading international specialist in cheese, dairy and process technology, and staedler, a provider of
                industrial automation solutions, want to pool their strengths and show a united front to the market as a full-range provider in future, and thus accelerate the growth path achieved in past years. The previous owners of staedler, Lukas
                Städler and Thomas Fäh, will be shareholders of Kalt Group and strengthen the management team at group level.</p>
            </div>
            <div>
              <ul class="icon_list_documents">
              </ul>
              <a href="http://cgs-management.us12.list-manage.com/track/click?u=8dd4cd10b251ad25dab01990c&amp;id=31f23ebafa&amp;e=a97bd9051f" target="_blank"><img alt="" height="16" src="/App_Themes/SECA/img/link.gif" width="16">&nbsp;read more</a>
            </div>
          </td>
          <td width="32"><img alt="" height="27" src="/App_Themes/SECA/img/nl/spacer_32x27.gif" width="32"></td>
          <td width="100"><img alt="" src="/getattachment/4f53f0b8-7d2d-4100-b967-a8a2dc0446a0/kalt-maschinenbau-ag-and-staedler-automation-ag-t.aspx?width=100">
            <div>
              <div>&nbsp;</div>
              <div>&nbsp;</div>
            </div>
          </td>
          <!-- end h2 title -->
          <td rowspan="2" width="32"><img alt="" height="27" src="/App_Themes/SECA/img/nl/spacer_32x27.gif" width="32"></td>
          <td rowspan="2" width="16"><img alt="" height="16" src="/App_Themes/SECA/img/nl/spacer_16x16.gif" width="16"></td>
        </tr>
        <tr>
          <td colspan="3"><img alt="" height="20" src="/App_Themes/SECA/img/nl/spacer_20x20.gif" width="20"></td>
        </tr>
      </tbody>
    </table>
    <table border="0" cellpadding="0" cellspacing="0" width="592">
      <tbody>
        <tr>
          <td rowspan="2" width="32"><img alt="" height="27" src="/App_Themes/SECA/img/nl/spacer_32x27.gif" width="32"></td>
          <!-- h2 title -->
          <td width="380"><a name="13022"></a>
            <h2 class="subtitle">HBM Healthcare Investments benefits from the IPO of portfolio company IO Biotech</h2>
            <div>
              <p>IO Biotech (Nasdaq: IOBT), a so far privately held company in the <a href="https://www.hbmhealthcare.com/de" target="_blank">HBM Healthcare Investments</a> portfolio, issued 7.15 million new shares at a price of USD 14.00 per share
                in last Friday's IPO on the US Nasdaq, raising USD 100 million in new capital. On the first day of trading, the shares closed at USD 15.65 (+11.8%).</p>
            </div>
            <div>
              <ul class="icon_list_documents">
              </ul>
              <a href="http://gateway.eqs.com/maily/file/e87f1a33-f67d-4cd2-a64b-c067da249c26" target="_blank"><img alt="" height="16" src="/App_Themes/SECA/img/link.gif" width="16">&nbsp;read more</a>
            </div>
          </td>
          <td width="32"><img alt="" height="27" src="/App_Themes/SECA/img/nl/spacer_32x27.gif" width="32"></td>
          <td width="100"><img alt="" src="/getattachment/0d064f2f-7328-4220-a0f2-5ac881876206/hbm-healthcare-investments-benefits-from-the-ipo-o.aspx?width=100">
            <div>
              <div>&nbsp;</div>
              <div>&nbsp;</div>
            </div>
          </td>
          <!-- end h2 title -->
          <td rowspan="2" width="32"><img alt="" height="27" src="/App_Themes/SECA/img/nl/spacer_32x27.gif" width="32"></td>
          <td rowspan="2" width="16"><img alt="" height="16" src="/App_Themes/SECA/img/nl/spacer_16x16.gif" width="16"></td>
        </tr>
        <tr>
          <td colspan="3"><img alt="" height="20" src="/App_Themes/SECA/img/nl/spacer_20x20.gif" width="20"></td>
        </tr>
      </tbody>
    </table>
    <table border="0" cellpadding="0" cellspacing="0" width="592">
      <tbody>
        <tr>
          <td rowspan="2" width="32"><img alt="" height="27" src="/App_Themes/SECA/img/nl/spacer_32x27.gif" width="32"></td>
          <!-- h2 title -->
          <td width="380"><a name="13036"></a>
            <h2 class="subtitle">Capital Dynamics Clean Energy Infrastructure erhält auch 2021 von GRESB eine Auszeichnung als Sector Leader im Bereich Erneuerbare Energien</h2>
            <div>
              <p><a href="https://www.capdyn.com/" target="_blank">Capital Dynamics</a>, ein unabhängiger globaler privater Vermögensverwalter, gab heute bekannt, dass sein Geschäftsbereich Clean Energy Infrastructure ("CEI") von GRESB, der führenden
                ESG-Benchmark für Immobilien- und Infrastrukturinvestitionen weltweit, in mehreren Kategorien die höchste Bewertung für ESG Leistungen erhalten hat. Capital Dynamics Clean Energy and Infrastructure III LP ("CEI III"), der in Projekte
                für Erneuerbare Energien in Europa investiert, erhielt ein 5-Sterne-Rating von GRESB und wurde als "Sector Leader" für den Sektor Erneuerbare Energien ausgezeichnet. Darüber hinaus belegte der Fonds den ersten Platz in den Kategorien
                Renewable Power, Renewable Power Europe und Renewable Power Private Equity.</p>
            </div>
            <div>
              <ul class="icon_list_documents">
                <li><a href="/getattachment/5626e38b-9260-4100-a2b9-1c9d0560d670/capital-dynamics-clean-energy-infrastructure-erhal.aspx" target="_blank">Medienmitteilung</a></li>
              </ul>
            </div>
          </td>
          <td width="32"><img alt="" height="27" src="/App_Themes/SECA/img/nl/spacer_32x27.gif" width="32"></td>
          <td width="100"><img alt="" src="/getattachment/48a0ee5e-d6e6-469b-b5be-0be1e126cf0b/capital-dynamics-clean-energy-infrastructure-erhal.aspx?width=100">
            <div>
              <div>&nbsp;</div>
              <div>&nbsp;</div>
            </div>
          </td>
          <!-- end h2 title -->
          <td rowspan="2" width="32"><img alt="" height="27" src="/App_Themes/SECA/img/nl/spacer_32x27.gif" width="32"></td>
          <td rowspan="2" width="16"><img alt="" height="16" src="/App_Themes/SECA/img/nl/spacer_16x16.gif" width="16"></td>
        </tr>
        <tr>
          <td colspan="3"><img alt="" height="20" src="/App_Themes/SECA/img/nl/spacer_20x20.gif" width="20"></td>
        </tr>
      </tbody>
    </table>
    <table border="0" cellpadding="0" cellspacing="0" width="592">
      <tbody>
        <tr>
          <td colspan="2" height="16" width="32"><img alt="" height="16" src="/App_Themes/SECA/img/nl/spacer_16x16.gif" width="16"></td>
          <td width="512"><img alt="" height="16" src="/App_Themes/SECA/img/nl/spacer_16x16.gif" width="16"></td>
          <td width="32">&nbsp;</td>
          <td width="16"><img alt="" height="16" src="/App_Themes/SECA/img/nl/spacer_16x16.gif" width="16"></td>
        </tr>
        <tr>
          <td height="53" rowspan="2" style="border-top: 1px solid #000000; border-bottom: 1px solid #000000;" width="16"><img alt="" height="53" src="/App_Themes/SECA/img/nl/spacer_16x16.gif" width="16"></td>
          <td rowspan="2" style="border-top: 1px solid #000000; border-bottom: 1px solid #000000;" width="16"><img alt="" height="53" src="/App_Themes/SECA/img/nl/spacer_16x16.gif" width="16"></td>
          <td style="border-top: 1px solid #000000;" valign="center"><img alt="" height="10" src="/App_Themes/SECA/img/nl/spacer_6x10.gif" width="6"></td>
          <td style="border-top: 1px solid #000000;">&nbsp;</td>
          <td rowspan="2" style="border-top: 1px solid #000000; border-bottom: 1px solid #000000;" width="16"><img alt="" height="53" src="/App_Themes/SECA/img/nl/spacer_16x16.gif" width="16"></td>
        </tr>
        <tr>
          <td height="43" style="border-bottom: 1px solid #000000;" valign="top"><a name="nl_33720"></a>
            <h1 class="no_space">Private Equity – Int. News</h1>
          </td>
          <td style="border-bottom: 1px solid #000000;">&nbsp;</td>
        </tr>
        <tr>
          <td colspan="2" height="27"><img alt="" height="27" src="/App_Themes/SECA/img/nl/spacer_32x27.gif"></td>
          <td>&nbsp;</td>
          <td><img alt="" height="27" src="/App_Themes/SECA/img/nl/spacer_32x27.gif"></td>
          <td width="16">&nbsp;</td>
        </tr>
      </tbody>
    </table>
    <table border="0" cellpadding="0" cellspacing="0" width="592">
      <tbody>
        <tr>
          <td rowspan="2" width="32"><img alt="" height="27" src="/App_Themes/SECA/img/nl/spacer_32x27.gif" width="32"></td>
          <!-- h2 title -->
          <td width="380"><a name="13040"></a>
            <h2 class="subtitle">Join us in supporting the Europe-wide survey on Venture Capital and Private Equity 2022!</h2>
            <div>
              <p><strong>SECA is partnering with IPEM</strong> (the International Private Equity Market) for its <strong>4th annual pan-European PE opinion survey</strong> to gauge the mood and outlook of European private equity fund manager for
                2022. This survey is conducted with the support of 15 other national private equity associations across Europe (BVCA, France Invest, BVK, BVA, ASCRI, AIFI, FVCA, NVCA, DVCA, SVCA, …). This questionnaire is short and very easy to
                answer. The results of this unique survey will be released and commented at<strong> IPEM 2022</strong>, next February 1/2/3. Thank you very much for your time and your help.</p>
            </div>
            <div>
              <ul class="icon_list_documents">
              </ul>
              <a href="http://enq.csa-survey.eu/survey/selfserve/2218/211035?list=5" target="_blank"><img alt="" height="16" src="/App_Themes/SECA/img/link.gif" width="16">&nbsp;To answer to the questionnaire</a>
            </div>
          </td>
          <td width="32"><img alt="" height="27" src="/App_Themes/SECA/img/nl/spacer_32x27.gif" width="32"></td>
          <td width="100"><img alt="" src="/getattachment/f93d40d3-bcc1-450d-96e6-2dc95ddab17f/ipem-2022-survey-final-questionnaire.aspx?width=100">
            <div>
              <div>&nbsp;</div>
              <div>&nbsp;</div>
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          <!-- h2 title -->
          <td width="380"><a name="12985"></a>
            <h2 class="subtitle">Insight Partners amasses USD 20bn for latest mega-fund haul</h2>
            <div>
              <p>The software specialist <a href="https://www.insightpartners.com/portfolio" target="_blank">Insight Partners</a> has raised at least USD 8bn more than its initial target for Fund XII, meaning the vehicle is already more than twice
                the size of its 2019-vintage predecessor.</p>
            </div>
            <div>
              <ul class="icon_list_documents">
              </ul>
            </div>
          </td>
          <td width="32"><img alt="" height="27" src="/App_Themes/SECA/img/nl/spacer_32x27.gif" width="32"></td>
          <td width="100"><img alt="" src="/getattachment/70796a5b-043d-413c-b7c3-879b413ff150/news.aspx?width=100">
            <div>
              <div>&nbsp;</div>
              <div>&nbsp;</div>
            </div>
          </td>
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    <table border="0" cellpadding="0" cellspacing="0" width="592">
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          <!-- h2 title -->
          <td width="380"><a name="13008"></a>
            <h2 class="subtitle">Beteiligungskapital im Mittelstand: Stärkeres Umsatzwachstum bei Portfoliounternehmen</h2>
            <div>
              <p>Einen Beitrag zu einem besseren Verständnis über das Wirken von Beteiligungskapital bei mittelständischen Unternehmen soll die vorliegende Studie leisten. Sie gibt basierend auf der akademischen Expertise und wissenschaftlichen
                Analysen des Instituts für Mittelstandsforschung (IfM) Bonn einen Einblick in die Entwicklung von Unternehmen, die mit Beteiligungskapital finanziert wurden, und vergleicht diese mit Unternehmen ohne Beteiligungskapitalfinanzierung.
              </p>
            </div>
            <div>
              <ul class="icon_list_documents">
              </ul>
              <a href="http://www.bvkap.de/events-medien/veroffentlichungen/studien/beteiligungskapital-im-mittelstand-analyse-der-entwicklung?utm_source=BenchmarkEmail&amp;utm_campaign=AVCO_Newsletter_November_2021&amp;utm_medium=email" target="_blank"><img alt="" height="16" src="/App_Themes/SECA/img/link.gif" width="16">&nbsp;Download the report</a>
            </div>
          </td>
          <td width="32"><img alt="" height="27" src="/App_Themes/SECA/img/nl/spacer_32x27.gif" width="32"></td>
          <td width="100"><img alt="" src="/getattachment/5ed995fd-2ac9-4626-aa0b-9a129c8277fc/beteiligungskapital-im-mittelstand-starkeres-umsa.aspx?width=100">
            <div>
              <div>&nbsp;</div>
              <div>&nbsp;</div>
            </div>
          </td>
          <!-- end h2 title -->
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          <td rowspan="2" width="16"><img alt="" height="16" src="/App_Themes/SECA/img/nl/spacer_16x16.gif" width="16"></td>
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          <td colspan="3"><img alt="" height="20" src="/App_Themes/SECA/img/nl/spacer_20x20.gif" width="20"></td>
        </tr>
      </tbody>
    </table>
    <table border="0" cellpadding="0" cellspacing="0" width="592">
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        <tr>
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          <!-- h2 title -->
          <td width="380"><a name="12991"></a>
            <h2 class="subtitle">CalPERS lifts its real asset allocation</h2>
            <div>
              <p>California Public Employees Retirement System (CalPERS) has issued commitments worth USD 3.9bn in total to three of its infrastructure managers and plans to lift its real assets allocation in the next fiscal year from 13% to 15%. The
                USD 496bn pension fund disclosed in a meeting document that it has approved a USD 2bn commitment to the Tower Bridge Infrastructure Partners, a partnership formed in 2019 with a USD 777m portfolio value as of June 2020.</p>
            </div>
            <div>
              <ul class="icon_list_documents">
              </ul>
              <a href="http://www.calpers.ca.gov/page/newsroom" target="_blank"><img alt="" height="16" src="/App_Themes/SECA/img/link.gif" width="16">&nbsp;read more</a>
            </div>
          </td>
          <td width="32"><img alt="" height="27" src="/App_Themes/SECA/img/nl/spacer_32x27.gif" width="32"></td>
          <td width="100"><img alt="" src="/getattachment/d08d8474-6b82-49c9-926d-0f24477ab570/calpers-lifts-its-real-asset-allocation.aspx?width=100">
            <div>
              <div>&nbsp;</div>
              <div>&nbsp;</div>
            </div>
          </td>
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      </tbody>
    </table>
    <table border="0" cellpadding="0" cellspacing="0" width="592">
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          <!-- h2 title -->
          <td width="380"><a name="12996"></a>
            <h2 class="subtitle">SEI acquires Novus Partners</h2>
            <div>
              <p>SEI has acquired <a href="https://www.novus.com/" target="_blank">Novus Partners</a> (Novus), a global portfolio intelligence platform company, designed to expand SEI’s capabilities for both the institutional investor and investment
                management markets.</p>
            </div>
            <div>
              <ul class="icon_list_documents">
              </ul>
              <a href="http://www.novus.com/sei" target="_blank"><img alt="" height="16" src="/App_Themes/SECA/img/link.gif" width="16">&nbsp;read more</a>
            </div>
          </td>
          <td width="32"><img alt="" height="27" src="/App_Themes/SECA/img/nl/spacer_32x27.gif" width="32"></td>
          <td width="100"><img alt="" src="/getattachment/e7ab4f34-ba01-4b0c-babe-3daf891dc3ee/sei-acquires-novus-partners.aspx?width=100">
            <div>
              <div>&nbsp;</div>
              <div>&nbsp;</div>
            </div>
          </td>
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    <table border="0" cellpadding="0" cellspacing="0" width="592">
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          <td width="380"><a name="12999"></a>
            <h2 class="subtitle">CVC Fund VIII and HPS Investment Partners to acquire stakes in Authentic Brands Group</h2>
            <div>
              <p>Authentic Brands Group, a global brand development, marketing and entertainment company, announces that funds advised by <a href="https://www.cvc.com/" target="_blank">CVC Capital Partners</a> and HPS Investment Partners have signed
                definitive agreements to purchase significant equity stakes in the company from certain current ABG shareholders. The transaction values the company at $12.7 billion in enterprise value.</p>
            </div>
            <div>
              <ul class="icon_list_documents">
              </ul>
              <a href="http://www.cvc.com/media/press-releases/2021/cvc-fund-vii-hps-investment-partners-acquire-stakes-authentic-brands-group" target="_blank"><img alt="" height="16" src="/App_Themes/SECA/img/link.gif" width="16">&nbsp;read more</a>
            </div>
          </td>
          <td width="32"><img alt="" height="27" src="/App_Themes/SECA/img/nl/spacer_32x27.gif" width="32"></td>
          <td width="100"><img alt="" src="/getattachment/f2fd1324-4295-4a46-b517-2753d8adf287/cvc-fund-viii-and-hps-investment-partners-to-acqui.aspx?width=100">
            <div>
              <div>&nbsp;</div>
              <div>&nbsp;</div>
            </div>
          </td>
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          <td rowspan="2" width="16"><img alt="" height="16" src="/App_Themes/SECA/img/nl/spacer_16x16.gif" width="16"></td>
        </tr>
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          <td colspan="3"><img alt="" height="20" src="/App_Themes/SECA/img/nl/spacer_20x20.gif" width="20"></td>
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      </tbody>
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    <table border="0" cellpadding="0" cellspacing="0" width="592">
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          <td width="380"><a name="13001"></a>
            <h2 class="subtitle">US GP Insights Report 2021</h2>
            <div>
              <p>There's no doubt that the fallout from last year’s pandemic-related volatility is continuing to impact the markets – but that doesn't always result in a negative outlook. This report, which features some of the winners in the Private
                Equity Wire US Awards, highlights how general partners (GPs) have adapted to a host of new challenges during what looks like being a record a year for private equity markets.</p>
            </div>
            <div>
              <ul class="icon_list_documents">
              </ul>
              <a href="http://www.privateequitywire.co.uk/special/us-gp-insights-report-2021?utm_source=ActiveCampaign&amp;utm_medium=email&amp;utm_content=US+GP+Insights+Report+2021&amp;utm_campaign=US+GP+Insights+Report+2021&amp;vgo_ee=BTLt8X6QxdVV3pM3qR2JAg%3D%3D" target="_blank"><img alt="" height="16" src="/App_Themes/SECA/img/link.gif" width="16">&nbsp;Download the report</a>
            </div>
          </td>
          <td width="32"><img alt="" height="27" src="/App_Themes/SECA/img/nl/spacer_32x27.gif" width="32"></td>
          <td width="100"><img alt="" src="/getattachment/14767c83-a42a-4a04-980a-580658ed1cb9/us-gp-insights-report-2021.aspx?width=100">
            <div>
              <div>&nbsp;</div>
              <div>&nbsp;</div>
            </div>
          </td>
          <!-- end h2 title -->
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          <td rowspan="2" width="16"><img alt="" height="16" src="/App_Themes/SECA/img/nl/spacer_16x16.gif" width="16"></td>
        </tr>
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          <td colspan="3"><img alt="" height="20" src="/App_Themes/SECA/img/nl/spacer_20x20.gif" width="20"></td>
        </tr>
      </tbody>
    </table>
    <table border="0" cellpadding="0" cellspacing="0" width="592">
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          <td rowspan="2" width="32"><img alt="" height="27" src="/App_Themes/SECA/img/nl/spacer_32x27.gif" width="32"></td>
          <!-- h2 title -->
          <td width="380"><a name="13019"></a>
            <h2 class="subtitle">US Fund Services Insights Report 2021</h2>
            <div>
              <p>Private equity service providers have had a busy year as they move to meet demand from fund management clients for new technology and increased services. This report, featuring some of the winners in the service provider categories
                at the Private Equity Wire US Awards 2021, details how service providers are responding to evolving client requirements in a host of areas including data provision, risk management, automation, cybersecurity, fund administration and
                talent management.</p>
            </div>
            <div>
              <ul class="icon_list_documents">
              </ul>
              <a href="http://issuu.com/globalfundmedia/docs/us_fund_services_insights_report_2021?fr=sOTc3YjQ0MjkxMjQ" target="_blank"><img alt="" height="16" src="/App_Themes/SECA/img/link.gif" width="16">&nbsp;e-read</a>
            </div>
          </td>
          <td width="32"><img alt="" height="27" src="/App_Themes/SECA/img/nl/spacer_32x27.gif" width="32"></td>
          <td width="100"><img alt="" src="/getattachment/b09d6d62-2043-49aa-b1df-f2b73508c512/us-fund-services-insights-report-2021.aspx?width=100">
            <div>
              <div>&nbsp;</div>
              <div>&nbsp;</div>
            </div>
          </td>
          <!-- end h2 title -->
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          <td rowspan="2" width="16"><img alt="" height="16" src="/App_Themes/SECA/img/nl/spacer_16x16.gif" width="16"></td>
        </tr>
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          <td colspan="3"><img alt="" height="20" src="/App_Themes/SECA/img/nl/spacer_20x20.gif" width="20"></td>
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      </tbody>
    </table>
    <table border="0" cellpadding="0" cellspacing="0" width="592">
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        <tr>
          <td rowspan="2" width="32"><img alt="" height="27" src="/App_Themes/SECA/img/nl/spacer_32x27.gif" width="32"></td>
          <!-- h2 title -->
          <td width="380"><a name="13002"></a>
            <h2 class="subtitle">Advent International acquires leading specialty chemicals solutions provider Caldic from Goldman Sachs Asset Management</h2>
            <div>
              <p><a href="https://www.adventinternational.com/" target="_blank">Advent International</a>, one of the largest and most experienced global private equity investors, today announced that it has reached conditional agreement with Goldman
                Sachs Asset Management to acquire Caldic BV, a global premium provider of value-added life sciences and specialty chemicals solutions with the ambition to be a true partner to its customers and principals. Caldic will then merge with
                Advent portfolio company Grupo Transmerquim S.A., one of the leading chemical distributors in Latin America.</p>
            </div>
            <div>
              <ul class="icon_list_documents">
              </ul>
              <a href="http://www.adventinternational.com/advent-international-acquires-leading-specialty-chemicals-solutions-provider-caldic-from-goldman-sachs-asset-management/" target="_blank"><img alt="" height="16" src="/App_Themes/SECA/img/link.gif" width="16">&nbsp;read more</a>
            </div>
          </td>
          <td width="32"><img alt="" height="27" src="/App_Themes/SECA/img/nl/spacer_32x27.gif" width="32"></td>
          <td width="100"><img alt="" src="/getattachment/c5df8eae-ce3f-4213-81e4-b1951bbeecac/advent-international-acquires-leading-specialty-ch.aspx?width=100">
            <div>
              <div>&nbsp;</div>
              <div>&nbsp;</div>
            </div>
          </td>
          <!-- end h2 title -->
          <td rowspan="2" width="32"><img alt="" height="27" src="/App_Themes/SECA/img/nl/spacer_32x27.gif" width="32"></td>
          <td rowspan="2" width="16"><img alt="" height="16" src="/App_Themes/SECA/img/nl/spacer_16x16.gif" width="16"></td>
        </tr>
        <tr>
          <td colspan="3"><img alt="" height="20" src="/App_Themes/SECA/img/nl/spacer_20x20.gif" width="20"></td>
        </tr>
      </tbody>
    </table>
    <table border="0" cellpadding="0" cellspacing="0" width="592">
      <tbody>
        <tr>
          <td rowspan="2" width="32"><img alt="" height="27" src="/App_Themes/SECA/img/nl/spacer_32x27.gif" width="32"></td>
          <!-- h2 title -->
          <td width="380"><a name="13003"></a>
            <h2 class="subtitle">Business as (Un)usual</h2>
            <div>
              <p>Almost 20 months since the onset of the pandemic, economic activity and the investment backdrop is anything but usual. Delta spread, shifting demand dynamics and logistical glitches have elongated and broadened issues on the supply
                side of the economy. Supply bottlenecks have contributed to growth downgrades and major upside inflation surprises. For now, global activity is expansionary, financial conditions are easy, the growth impulse from fiscal spending is
                still positive and the private sector is sitting on a mountain of excess savings – a highly unusual seat on the way out of a recession. But the backdrop is shifting. A withdrawal of Covid-era easy policies is raising questions about
                implications for the economy and financial assets – all the more so given asset valuations are at the higher end of their historical range. Overall, the near term environment has turned more challenging and we have moved to a more
                cautious investment stance.</p>
            </div>
            <div>
              <ul class="icon_list_documents">
              </ul>
              <a href="http://www.gsam.com/content/gsam/global/en/market-insights/gsam-insights/global-fixed-income-outlook/2021/FI_Outlook_4Q2021.html" target="_blank"><img alt="" height="16" src="/App_Themes/SECA/img/link.gif" width="16">&nbsp;Download the report</a>
            </div>
          </td>
          <td width="32"><img alt="" height="27" src="/App_Themes/SECA/img/nl/spacer_32x27.gif" width="32"></td>
          <td width="100"><img alt="" src="/getattachment/a023799c-56d4-45b0-bea4-5ded589632e0/business-as-unusual.aspx?width=100">
            <div>
              <div>&nbsp;</div>
              <div>&nbsp;</div>
            </div>
          </td>
          <!-- end h2 title -->
          <td rowspan="2" width="32"><img alt="" height="27" src="/App_Themes/SECA/img/nl/spacer_32x27.gif" width="32"></td>
          <td rowspan="2" width="16"><img alt="" height="16" src="/App_Themes/SECA/img/nl/spacer_16x16.gif" width="16"></td>
        </tr>
        <tr>
          <td colspan="3"><img alt="" height="20" src="/App_Themes/SECA/img/nl/spacer_20x20.gif" width="20"></td>
        </tr>
      </tbody>
    </table>
    <table border="0" cellpadding="0" cellspacing="0" width="592">
      <tbody>
        <tr>
          <td rowspan="2" width="32"><img alt="" height="27" src="/App_Themes/SECA/img/nl/spacer_32x27.gif" width="32"></td>
          <!-- h2 title -->
          <td width="380"><a name="13004"></a>
            <h2 class="subtitle">DACH Private Capital Breakdown</h2>
            <div>
              <p>Private market activity in Europe’s DACH region has matched the dramatic surge throughout Europe this year, with annual records reached in both private equity and venture capital by the end of the third quarter. PitchBook's 2021 DACH
                Private Capital Breakdown captures the biggest trends across PE and VC in a year like no other, including data on deals, exits and fundraising through Q3.</p>
            </div>
            <div>
              <ul class="icon_list_documents">
              </ul>
              <a href="http://pitchbook.com/news/reports/2021-dach-private-capital-breakdown?utm_term=&amp;utm_campaign=market_update&amp;utm_medium=nl-na&amp;utm_source=daily_pitch&amp;utm_content=2021_dach_private_capital_breakdown" target="_blank"><img alt="" height="16" src="/App_Themes/SECA/img/link.gif" width="16">&nbsp;Download the report</a>
            </div>
          </td>
          <td width="32"><img alt="" height="27" src="/App_Themes/SECA/img/nl/spacer_32x27.gif" width="32"></td>
          <td width="100"><img alt="" src="/getattachment/c44483f8-8637-423a-8bc1-1ee5a3a55ed7/dach-private-capital-breakdown.aspx?width=100">
            <div>
              <div>&nbsp;</div>
              <div>&nbsp;</div>
            </div>
          </td>
          <!-- end h2 title -->
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          <td rowspan="2" width="16"><img alt="" height="16" src="/App_Themes/SECA/img/nl/spacer_16x16.gif" width="16"></td>
        </tr>
        <tr>
          <td colspan="3"><img alt="" height="20" src="/App_Themes/SECA/img/nl/spacer_20x20.gif" width="20"></td>
        </tr>
      </tbody>
    </table>
    <table border="0" cellpadding="0" cellspacing="0" width="592">
      <tbody>
        <tr>
          <td rowspan="2" width="32"><img alt="" height="27" src="/App_Themes/SECA/img/nl/spacer_32x27.gif" width="32"></td>
          <!-- h2 title -->
          <td width="380"><a name="13005"></a>
            <h2 class="subtitle">Investor KKR will Telecom Italia für elf Milliarden Euro übernehmen - TIM-Aktie haussiert</h2>
            <div>
              <p>KKR biete 50,5 Eurocent je Anteil und wolle den Konzern letztlich von der Börse nehmen, teilte das italienische Unternehmen nach einer ausserordentlichen Vorstandssitzung&nbsp;in Rom mit. Das Kaufinteresse sei "nicht bindend und
                indikativ", betonte die frühere Telecom Italia.</p>
            </div>
            <div>
              <ul class="icon_list_documents">
              </ul>
              <a href="http://www.finanzen.net/nachricht/aktien/milliardendeal-investor-kkr-will-telecom-italia-fuer-elf-milliarden-euro-uebernehmen-tim-aktie-haussiert-10770272" target="_blank"><img alt="" height="16" src="/App_Themes/SECA/img/link.gif" width="16">&nbsp;Source</a>
            </div>
          </td>
          <td width="32"><img alt="" height="27" src="/App_Themes/SECA/img/nl/spacer_32x27.gif" width="32"></td>
          <td width="100"><img alt="" src="/getattachment/293b0a7a-b6d9-41e3-a35f-6753bcf6ed13/investor-kkr-will-telecom-italia-fur-elf-milliarde.aspx?width=100">
            <div>
              <div>&nbsp;</div>
              <div>&nbsp;</div>
            </div>
          </td>
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          <td rowspan="2" width="16"><img alt="" height="16" src="/App_Themes/SECA/img/nl/spacer_16x16.gif" width="16"></td>
        </tr>
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          <td colspan="3"><img alt="" height="20" src="/App_Themes/SECA/img/nl/spacer_20x20.gif" width="20"></td>
        </tr>
      </tbody>
    </table>
    <table border="0" cellpadding="0" cellspacing="0" width="592">
      <tbody>
        <tr>
          <td rowspan="2" width="32"><img alt="" height="27" src="/App_Themes/SECA/img/nl/spacer_32x27.gif" width="32"></td>
          <!-- h2 title -->
          <td width="380"><a name="13011"></a>
            <h2 class="subtitle">Platinum Equity Acquires Global Environmental Services Business Urbaser from China Tianying for $4.2 Billion</h2>
            <div>
              <p><a href="https://www.platinumequity.com/" target="_blank">Platinum Equity</a> announced that it has completed the acquisition of Urbaser, one of the world’s largest providers of environmental services, from China Tianying Inc. for an
                enterprise value of approximately $4.2 billion (€3.5 billion).</p>
            </div>
            <div>
              <ul class="icon_list_documents">
              </ul>
              <a href="http://www.platinumequity.com/news/news-articles/2021/platinum-equity-acquires-urbaser" target="_blank"><img alt="" height="16" src="/App_Themes/SECA/img/link.gif" width="16">&nbsp;read more</a>
            </div>
          </td>
          <td width="32"><img alt="" height="27" src="/App_Themes/SECA/img/nl/spacer_32x27.gif" width="32"></td>
          <td width="100"><img alt="" src="/getattachment/2a3b8474-f2d9-4539-af94-a16a16e0fae0/platinum-equity-acquires-global-environmental-serv.aspx?width=100">
            <div>
              <div>&nbsp;</div>
              <div>&nbsp;</div>
            </div>
          </td>
          <!-- end h2 title -->
          <td rowspan="2" width="32"><img alt="" height="27" src="/App_Themes/SECA/img/nl/spacer_32x27.gif" width="32"></td>
          <td rowspan="2" width="16"><img alt="" height="16" src="/App_Themes/SECA/img/nl/spacer_16x16.gif" width="16"></td>
        </tr>
        <tr>
          <td colspan="3"><img alt="" height="20" src="/App_Themes/SECA/img/nl/spacer_20x20.gif" width="20"></td>
        </tr>
      </tbody>
    </table>
    <table border="0" cellpadding="0" cellspacing="0" width="592">
      <tbody>
        <tr>
          <td rowspan="2" width="32"><img alt="" height="27" src="/App_Themes/SECA/img/nl/spacer_32x27.gif" width="32"></td>
          <!-- h2 title -->
          <td width="380"><a name="13012"></a>
            <h2 class="subtitle">Renaissance Announces Significant Growth Investment from Blackstone&nbsp;</h2>
            <div>
              <p>Renaissance®, a global leader in pre-K–12 educational technology, today announced its entry into a definitive agreement for private equity funds managed by Blackstone (NYSE:BX; “Blackstone”) to make a significant equity investment in
                the Company alongside existing investors including Francisco Partners and TPG’s The Rise Fund. Francisco Partners, a leading global investment firm that specializes in partnering with technology businesses, acquired the Company in
                2018 and will remain a major shareholder. Blackstone’s investment will be made through its flagship private equity vehicle.</p>
            </div>
            <div>
              <ul class="icon_list_documents">
              </ul>
              <a href="http://www.blackstone.com/press-releases/article/renaissance-announces-significant-growth-investment-from-blackstone/" target="_blank"><img alt="" height="16" src="/App_Themes/SECA/img/link.gif" width="16">&nbsp;read more</a>
            </div>
          </td>
          <td width="32"><img alt="" height="27" src="/App_Themes/SECA/img/nl/spacer_32x27.gif" width="32"></td>
          <td width="100"><img alt="" src="/getattachment/1ec61815-647e-4e04-a2f9-a9b1e0179900/renaissance-announces-significant-growth-investmen.aspx?width=100">
            <div>
              <div>&nbsp;</div>
              <div>&nbsp;</div>
            </div>
          </td>
          <!-- end h2 title -->
          <td rowspan="2" width="32"><img alt="" height="27" src="/App_Themes/SECA/img/nl/spacer_32x27.gif" width="32"></td>
          <td rowspan="2" width="16"><img alt="" height="16" src="/App_Themes/SECA/img/nl/spacer_16x16.gif" width="16"></td>
        </tr>
        <tr>
          <td colspan="3"><img alt="" height="20" src="/App_Themes/SECA/img/nl/spacer_20x20.gif" width="20"></td>
        </tr>
      </tbody>
    </table>
    <table border="0" cellpadding="0" cellspacing="0" width="592">
      <tbody>
        <tr>
          <td rowspan="2" width="32"><img alt="" height="27" src="/App_Themes/SECA/img/nl/spacer_32x27.gif" width="32"></td>
          <!-- h2 title -->
          <td width="380"><a name="13013"></a>
            <h2 class="subtitle">Vimeo to Acquire WIREWAX and Wibbitz, Further Expanding Its Video Software Solution for the Enterprise</h2>
            <div>
              <p><a href="https://vimeo.com/de/" target="_blank">Vimeo</a>, the world's leading all-in-one video software solution, today announced agreements to acquire WIREWAX, a leader in interactive and shoppable video, and Wibbitz, a leading
                enterprise video creation suite. The two companies bring proprietary technology and products to Vimeo's all-in-one video solution, extending its position as the professional video software solution for any business.</p>
            </div>
            <div>
              <ul class="icon_list_documents">
              </ul>
              <a href="http://press.vimeo.com/news-releases/news-release-details/vimeo-acquire-wirewax-and-wibbitz-further-expanding-its-video" target="_blank"><img alt="" height="16" src="/App_Themes/SECA/img/link.gif" width="16">&nbsp;read more</a>
            </div>
          </td>
          <td width="32"><img alt="" height="27" src="/App_Themes/SECA/img/nl/spacer_32x27.gif" width="32"></td>
          <td width="100"><img alt="" src="/getattachment/7a552742-079b-4756-adf0-1469671323f5/vimeo-to-acquire-wirewax-and-wibbitz-further-expa.aspx?width=100">
            <div>
              <div>&nbsp;</div>
              <div>&nbsp;</div>
            </div>
          </td>
          <!-- end h2 title -->
          <td rowspan="2" width="32"><img alt="" height="27" src="/App_Themes/SECA/img/nl/spacer_32x27.gif" width="32"></td>
          <td rowspan="2" width="16"><img alt="" height="16" src="/App_Themes/SECA/img/nl/spacer_16x16.gif" width="16"></td>
        </tr>
        <tr>
          <td colspan="3"><img alt="" height="20" src="/App_Themes/SECA/img/nl/spacer_20x20.gif" width="20"></td>
        </tr>
      </tbody>
    </table>
    <table border="0" cellpadding="0" cellspacing="0" width="592">
      <tbody>
        <tr>
          <td rowspan="2" width="32"><img alt="" height="27" src="/App_Themes/SECA/img/nl/spacer_32x27.gif" width="32"></td>
          <!-- h2 title -->
          <td width="380"><a name="13023"></a>
            <h2 class="subtitle">Franklin Templeton to buy Lexington Partners for $1.75 bln as part of secondaries push</h2>
            <div>
              <p><a href="https://www.franklintempleton.ch/" target="_blank">Franklin Templeton</a> agreed to buy investment firm Lexington Partners, which is known for acquiring secondary stakes in private equity funds, for $1.75 billion in cash.
              </p>
            </div>
            <div>
              <ul class="icon_list_documents">
              </ul>
              <a href="http://www.lexingtonpartners.com/press-releases/franklin-templeton-to-acquire-lexington-partners/" target="_blank"><img alt="" height="16" src="/App_Themes/SECA/img/link.gif" width="16">&nbsp;Source</a>
            </div>
          </td>
          <td width="32"><img alt="" height="27" src="/App_Themes/SECA/img/nl/spacer_32x27.gif" width="32"></td>
          <td width="100"><img alt="" src="/getattachment/e78476a9-0890-4306-912a-45e10b307f2f/franklin-templeton-to-buy-lexington-partners-for-.aspx?width=100">
            <div>
              <div>&nbsp;</div>
              <div>&nbsp;</div>
            </div>
          </td>
          <!-- end h2 title -->
          <td rowspan="2" width="32"><img alt="" height="27" src="/App_Themes/SECA/img/nl/spacer_32x27.gif" width="32"></td>
          <td rowspan="2" width="16"><img alt="" height="16" src="/App_Themes/SECA/img/nl/spacer_16x16.gif" width="16"></td>
        </tr>
        <tr>
          <td colspan="3"><img alt="" height="20" src="/App_Themes/SECA/img/nl/spacer_20x20.gif" width="20"></td>
        </tr>
      </tbody>
    </table>
    <table border="0" cellpadding="0" cellspacing="0" width="592">
      <tbody>
        <tr>
          <td rowspan="2" width="32"><img alt="" height="27" src="/App_Themes/SECA/img/nl/spacer_32x27.gif" width="32"></td>
          <!-- h2 title -->
          <td width="380"><a name="13025"></a>
            <h2 class="subtitle">Hyatt completed the acquisition of Apple Leisure Group from KKR and KSL Capital for $2.7bn</h2>
            <div>
              <p><a href="https://newsroom.hyatt.com/index.php" target="_blank">Hyatt</a>, a hospitality company, completed the acquisition of Apple Leisure Group, an American travel and hospitality conglomerate, from KKR and KSL Capital, a private
                equity firm specializing in travel and leisure enterprises, for $2.7bn.</p>
            </div>
            <div>
              <ul class="icon_list_documents">
              </ul>
              <a href="http://newsroom.hyatt.com/hyattxappleleisuregroup" target="_blank"><img alt="" height="16" src="/App_Themes/SECA/img/link.gif" width="16">&nbsp;read more</a>
            </div>
          </td>
          <td width="32"><img alt="" height="27" src="/App_Themes/SECA/img/nl/spacer_32x27.gif" width="32"></td>
          <td width="100"><img alt="" src="/getattachment/c9d9d555-f755-4803-9163-d44d42b53894/hyatt-completed-the-acquisition-of-apple-leisure-g.aspx?width=100">
            <div>
              <div>&nbsp;</div>
              <div>&nbsp;</div>
            </div>
          </td>
          <!-- end h2 title -->
          <td rowspan="2" width="32"><img alt="" height="27" src="/App_Themes/SECA/img/nl/spacer_32x27.gif" width="32"></td>
          <td rowspan="2" width="16"><img alt="" height="16" src="/App_Themes/SECA/img/nl/spacer_16x16.gif" width="16"></td>
        </tr>
        <tr>
          <td colspan="3"><img alt="" height="20" src="/App_Themes/SECA/img/nl/spacer_20x20.gif" width="20"></td>
        </tr>
      </tbody>
    </table>
    <table border="0" cellpadding="0" cellspacing="0" width="592">
      <tbody>
        <tr>
          <td rowspan="2" width="32"><img alt="" height="27" src="/App_Themes/SECA/img/nl/spacer_32x27.gif" width="32"></td>
          <!-- h2 title -->
          <td width="380"><a name="13026"></a>
            <h2 class="subtitle">EQT Infrastructure V holds final close&nbsp;</h2>
            <div>
              <p>The <a href="https://eqtgroup.com/" target="_blank">EQT </a>Infrastructure V fund holds final close at EUR 15.7 billion in fee-generating assets under management, fortifying EQT’s position as one of the leading infrastructure
                investors globally. Strong demand from a well-diversified, global group of existing and new investors, with a 99 percent re-up rate from the predecessor fund based on committed capital and 68 percent based on the number of investors.
              </p>
            </div>
            <div>
              <ul class="icon_list_documents">
              </ul>
              <a href="http://eqtgroup.com/news/2021/eqt-infrastructure-v-holds-final-close-reaches-hard-cap-with-continued-strong-investor-support" target="_blank"><img alt="" height="16" src="/App_Themes/SECA/img/link.gif" width="16">&nbsp;read more</a>
            </div>
          </td>
          <td width="32"><img alt="" height="27" src="/App_Themes/SECA/img/nl/spacer_32x27.gif" width="32"></td>
          <td width="100"><img alt="" src="/getattachment/4955cd9f-ac59-4c90-b4f5-cb96cce54882/eqt-infrastructure-v-holds-final-close.aspx?width=100">
            <div>
              <div>&nbsp;</div>
              <div>&nbsp;</div>
            </div>
          </td>
          <!-- end h2 title -->
          <td rowspan="2" width="32"><img alt="" height="27" src="/App_Themes/SECA/img/nl/spacer_32x27.gif" width="32"></td>
          <td rowspan="2" width="16"><img alt="" height="16" src="/App_Themes/SECA/img/nl/spacer_16x16.gif" width="16"></td>
        </tr>
        <tr>
          <td colspan="3"><img alt="" height="20" src="/App_Themes/SECA/img/nl/spacer_20x20.gif" width="20"></td>
        </tr>
      </tbody>
    </table>
    <table border="0" cellpadding="0" cellspacing="0" width="592">
      <tbody>
        <tr>
          <td rowspan="2" width="32"><img alt="" height="27" src="/App_Themes/SECA/img/nl/spacer_32x27.gif" width="32"></td>
          <!-- h2 title -->
          <td width="380"><a name="13032"></a>
            <h2 class="subtitle">Technology Report 2021</h2>
            <div>
              <p>This report was prepared by David Crawford, leader of <a href="https://www.bain.com/de/" target="_blank">Bain &amp; Company</a>’s Global Technology practice, and a team led by Dana Aulanier, practice director with the Technology
                practice.</p>
            </div>
            <div>
              <ul class="icon_list_documents">
              </ul>
              <a href="http://https://www.bain.com/globalassets/noindex/2021/bain_report_technology-report-2021.pdf" target="_blank"><img alt="" height="16" src="/App_Themes/SECA/img/link.gif" width="16">&nbsp;download the report</a>
            </div>
          </td>
          <td width="32"><img alt="" height="27" src="/App_Themes/SECA/img/nl/spacer_32x27.gif" width="32"></td>
          <td width="100"><img alt="" src="/getattachment/da9ad33b-e453-48f0-84ab-c40835534ae6/technology-report-2021.aspx?width=100">
            <div>
              <div>&nbsp;</div>
              <div>&nbsp;</div>
            </div>
          </td>
          <!-- end h2 title -->
          <td rowspan="2" width="32"><img alt="" height="27" src="/App_Themes/SECA/img/nl/spacer_32x27.gif" width="32"></td>
          <td rowspan="2" width="16"><img alt="" height="16" src="/App_Themes/SECA/img/nl/spacer_16x16.gif" width="16"></td>
        </tr>
        <tr>
          <td colspan="3"><img alt="" height="20" src="/App_Themes/SECA/img/nl/spacer_20x20.gif" width="20"></td>
        </tr>
      </tbody>
    </table>
    <table border="0" cellpadding="0" cellspacing="0" width="592">
      <tbody>
        <tr>
          <td rowspan="2" width="32"><img alt="" height="27" src="/App_Themes/SECA/img/nl/spacer_32x27.gif" width="32"></td>
          <!-- h2 title -->
          <td width="380"><a name="13037"></a>
            <h2 class="subtitle">Luxembourg Report 2021</h2>
            <div>
              <p>In a challenging time for all aspects of financial services, Luxembourg - Europe’s largest fund domicile - is determined to leverage all emerging opportunities and mitigate any accompanying risks.</p>
            </div>
            <div>
              <ul class="icon_list_documents">
              </ul>
              <a href="http://www.privateequitywire.co.uk/special/luxembourg-report-2021?utm_source=ActiveCampaign&amp;utm_medium=email&amp;utm_content=Private+Equity+Wire+-+%22Plant-based+food+company+allplants+secures+GBP38m+in+Series+B+round%22&amp;utm_campaign=Private+Equity+Wire" target="_blank"><img alt="" height="16" src="/App_Themes/SECA/img/link.gif" width="16">&nbsp;read more</a>
            </div>
          </td>
          <td width="32"><img alt="" height="27" src="/App_Themes/SECA/img/nl/spacer_32x27.gif" width="32"></td>
          <td width="100"><img alt="" src="/getattachment/482e443e-863c-4cfc-82e7-b1880d3c28d4/luxembourg-report-2021.aspx?width=100">
            <div>
              <div>&nbsp;</div>
              <div>&nbsp;</div>
            </div>
          </td>
          <!-- end h2 title -->
          <td rowspan="2" width="32"><img alt="" height="27" src="/App_Themes/SECA/img/nl/spacer_32x27.gif" width="32"></td>
          <td rowspan="2" width="16"><img alt="" height="16" src="/App_Themes/SECA/img/nl/spacer_16x16.gif" width="16"></td>
        </tr>
        <tr>
          <td colspan="3"><img alt="" height="20" src="/App_Themes/SECA/img/nl/spacer_20x20.gif" width="20"></td>
        </tr>
      </tbody>
    </table>
    <table border="0" cellpadding="0" cellspacing="0" width="592">
      <tbody>
        <tr>
          <td colspan="2" height="16" width="32"><img alt="" height="16" src="/App_Themes/SECA/img/nl/spacer_16x16.gif" width="16"></td>
          <td width="512"><img alt="" height="16" src="/App_Themes/SECA/img/nl/spacer_16x16.gif" width="16"></td>
          <td width="32">&nbsp;</td>
          <td width="16"><img alt="" height="16" src="/App_Themes/SECA/img/nl/spacer_16x16.gif" width="16"></td>
        </tr>
        <tr>
          <td height="53" rowspan="2" style="border-top: 1px solid #000000; border-bottom: 1px solid #000000;" width="16"><img alt="" height="53" src="/App_Themes/SECA/img/nl/spacer_16x16.gif" width="16"></td>
          <td rowspan="2" style="border-top: 1px solid #000000; border-bottom: 1px solid #000000;" width="16"><img alt="" height="53" src="/App_Themes/SECA/img/nl/spacer_16x16.gif" width="16"></td>
          <td style="border-top: 1px solid #000000;" valign="center"><img alt="" height="10" src="/App_Themes/SECA/img/nl/spacer_6x10.gif" width="6"></td>
          <td style="border-top: 1px solid #000000;">&nbsp;</td>
          <td rowspan="2" style="border-top: 1px solid #000000; border-bottom: 1px solid #000000;" width="16"><img alt="" height="53" src="/App_Themes/SECA/img/nl/spacer_16x16.gif" width="16"></td>
        </tr>
        <tr>
          <td height="43" style="border-bottom: 1px solid #000000;" valign="top"><a name="nl_33710"></a>
            <h1 class="no_space">Corporate Finance</h1>
          </td>
          <td style="border-bottom: 1px solid #000000;">&nbsp;</td>
        </tr>
        <tr>
          <td colspan="2" height="27"><img alt="" height="27" src="/App_Themes/SECA/img/nl/spacer_32x27.gif"></td>
          <td>&nbsp;</td>
          <td><img alt="" height="27" src="/App_Themes/SECA/img/nl/spacer_32x27.gif"></td>
          <td width="16">&nbsp;</td>
        </tr>
      </tbody>
    </table>
    <table border="0" cellpadding="0" cellspacing="0" width="592">
      <tbody>
        <tr>
          <td rowspan="2" width="32"><img alt="" height="27" src="/App_Themes/SECA/img/nl/spacer_32x27.gif" width="32"></td>
          <!-- h2 title -->
          <td width="380"><a name="13034"></a>
            <h2 class="subtitle">IPO-Newsletter Q3 2021</h2>
            <div>
              <p>Im dritten Quartal 2021 schloss der SPI erstmals seit über einem Jahr mit einem Minus von 2.0% unter dem Schlusskurs des Vorquartals. Der SPI notierte per Ende September 2021 aber immer noch rund 12.9% höher als der letzte Stand des
                Jahres 2020. Nach einer Phase von ausgeprägtem wirtschaftlichen Aufschwung hat das Wachstum in letzter Zeit etwas an Dynamik eingebüsst. Die globale IPO-Aktivität blieb indes unverändert hoch: In Europa betrug das Emissionsvolumen bei
                über 115 Börsengängen rund EUR 14 Mrd. und in Nordamerika liessen über 210 Börsengänge das Emissionsvolumen im Jahr 2021 um EUR 45 Mrd. ansteigen.</p>
              <p>Mit der von Sulzer abgespaltenen medmix kam es Ende des dritten Quartals zu einem weiteren Neuzugang an der SIX Swiss Exchange. Das kürzlich lancierte neue SIX Sparks Segment für KMUs dürfte die Rahmenbedingungen für Schweizer
                IPO-Kandidaten weiter verbessern und einen effizienten Zugang zum Kapitalmarkt sicherstellen. Angesichts des sich langsam schliessenden IPO-Fensters bleibt aber offen, ob es in diesem Jahr nebst dem IPO von Skan zu weiteren
                Neuzugängen an der Schweizer Börse kommen wird.</p>
            </div>
            <div>
              <ul class="icon_list_documents">
                <li><a href="/getattachment/b024c7eb-9726-48bb-996f-603cf617e53b/ipo-newsletter-q3-2021.aspx" target="_blank">ZKB IPO Newsletter Q3 2021</a></li>
              </ul>
            </div>
          </td>
          <td width="32"><img alt="" height="27" src="/App_Themes/SECA/img/nl/spacer_32x27.gif" width="32"></td>
          <td width="100"><img alt="" src="/getattachment/dac1fdd4-a397-4843-8c79-5e7093eb4f9b/ipo-newsletter-q3-2021.aspx?width=100">
            <div>
              <div>&nbsp;</div>
              <div>&nbsp;</div>
            </div>
          </td>
          <!-- end h2 title -->
          <td rowspan="2" width="32"><img alt="" height="27" src="/App_Themes/SECA/img/nl/spacer_32x27.gif" width="32"></td>
          <td rowspan="2" width="16"><img alt="" height="16" src="/App_Themes/SECA/img/nl/spacer_16x16.gif" width="16"></td>
        </tr>
        <tr>
          <td colspan="3"><img alt="" height="20" src="/App_Themes/SECA/img/nl/spacer_20x20.gif" width="20"></td>
        </tr>
      </tbody>
    </table>
    <table border="0" cellpadding="0" cellspacing="0" width="592">
      <tbody>
        <tr>
          <td rowspan="2" width="32"><img alt="" height="27" src="/App_Themes/SECA/img/nl/spacer_32x27.gif" width="32"></td>
          <!-- h2 title -->
          <td width="380"><a name="12980"></a>
            <h2 class="subtitle">Kotierung und Handel von Special Purpose Acquisition Companies (SPACs) in der Schweiz nun möglich</h2>
            <div>
              <p>Ab 6. Dezember 2021 können SPACs an der <a href="https://www.six-group.com/de/home.html" target="_blank">SIX Swiss Exchange</a> kotiert und gehandelt werden. Die Genehmigung aller zuständigen Behörden wurde erteilt. Der neue
                Kotierungsstandard für SPACs ist auf die besonderen Eigenschaften dieser Vehikel zugeschnitten und weist gleichzeitig einen angemessenen Grad an Anlegerschutz auf.</p>
            </div>
            <div>
              <ul class="icon_list_documents">
              </ul>
              <a href="http://www.six-group.com/de/newsroom/media-releases/2021/20211116-spacs-six-ser.html" target="_blank"><img alt="" height="16" src="/App_Themes/SECA/img/link.gif" width="16">&nbsp;read more</a>
            </div>
          </td>
          <td width="32"><img alt="" height="27" src="/App_Themes/SECA/img/nl/spacer_32x27.gif" width="32"></td>
          <td width="100"><img alt="" src="/getattachment/050a00d3-2a89-4874-8abe-f8b77efaee7c/news.aspx?width=100">
            <div>
              <div>&nbsp;</div>
              <div>&nbsp;</div>
            </div>
          </td>
          <!-- end h2 title -->
          <td rowspan="2" width="32"><img alt="" height="27" src="/App_Themes/SECA/img/nl/spacer_32x27.gif" width="32"></td>
          <td rowspan="2" width="16"><img alt="" height="16" src="/App_Themes/SECA/img/nl/spacer_16x16.gif" width="16"></td>
        </tr>
        <tr>
          <td colspan="3"><img alt="" height="20" src="/App_Themes/SECA/img/nl/spacer_20x20.gif" width="20"></td>
        </tr>
      </tbody>
    </table>
    <table border="0" cellpadding="0" cellspacing="0" width="592">
      <tbody>
        <tr>
          <td rowspan="2" width="32"><img alt="" height="27" src="/App_Themes/SECA/img/nl/spacer_32x27.gif" width="32"></td>
          <!-- h2 title -->
          <td width="380"><a name="13015"></a>
            <h2 class="subtitle">Krisen- und ESG-Management bei Portfolio-Unternehmen</h2>
            <div>
              <p>Corona und der damit verbundene wirtschaftliche Stillstand in vielen Branchen hat Mittelständler massiv gefordert – und die Folgen der Pandemie dauern an. Aber gerade Phasen mit disruptiver Dynamik bieten enorme Chancen für jene
                Investoren, die über Erfahrung in Sondersituationen verfügen und die damit verbundenen Herausforderungen meistern können. Dabei spielt es keine Rolle, ob es sich um eine epochale Krise, tiefgreifende Transformationen oder auch
                Umbrüche in der Regulierung – Stichwort: ESG – handelt. Dazu 3 Fragen an Dr. Holger Kleingarn, Managing Director und Head of Germany bei H.I.G. Capital.</p>
            </div>
            <div>
              <ul class="icon_list_documents">
              </ul>
              <a href="http://www.fyb.de/3-fragen-an/krisen-und-esg-management-bei-portfolio-unternehmen/" target="_blank"><img alt="" height="16" src="/App_Themes/SECA/img/link.gif" width="16">&nbsp;read more</a>
            </div>
          </td>
          <td width="32"><img alt="" height="27" src="/App_Themes/SECA/img/nl/spacer_32x27.gif" width="32"></td>
          <td width="100"><img alt="" src="/getattachment/b84d311b-0929-4640-a4a6-21cac40b67eb/krisen-und-esg-management-bei-portfolio-unternehm.aspx?width=100">
            <div>
              <div>&nbsp;</div>
              <div>&nbsp;</div>
            </div>
          </td>
          <!-- end h2 title -->
          <td rowspan="2" width="32"><img alt="" height="27" src="/App_Themes/SECA/img/nl/spacer_32x27.gif" width="32"></td>
          <td rowspan="2" width="16"><img alt="" height="16" src="/App_Themes/SECA/img/nl/spacer_16x16.gif" width="16"></td>
        </tr>
        <tr>
          <td colspan="3"><img alt="" height="20" src="/App_Themes/SECA/img/nl/spacer_20x20.gif" width="20"></td>
        </tr>
      </tbody>
    </table>
    <table border="0" cellpadding="0" cellspacing="0" width="592">
      <tbody>
        <tr>
          <td rowspan="2" width="32"><img alt="" height="27" src="/App_Themes/SECA/img/nl/spacer_32x27.gif" width="32"></td>
          <!-- h2 title -->
          <td width="380"><a name="13006"></a>
            <h2 class="subtitle">Wineus advised Avobis GROUP AG as adviser on the acquisition of RIMAPLAN AG and Centerio AG</h2>
            <div>
              <p>Avobis GROUP AG, a technology-based real estate service provider, has extended its service offering in the fields of real estate development and commercial property management by acquiring RIMAPLAN AG and Centerio AG.</p>
            </div>
            <div>
              <ul class="icon_list_documents">
              </ul>
              <a href="http://td4003ccf.emailsys1a.net/mailing/27/4629967/7829381/217/a51b686342/index.html" target="_blank"><img alt="" height="16" src="/App_Themes/SECA/img/link.gif" width="16">&nbsp;read more</a>
            </div>
          </td>
          <td width="32"><img alt="" height="27" src="/App_Themes/SECA/img/nl/spacer_32x27.gif" width="32"></td>
          <td width="100"><img alt="" src="/getattachment/1e22517d-44b0-47f1-a7b7-3c1c705b39ec/wineus-advised-avobis-group-ag-as-adviser-on-the-a.aspx?width=100">
            <div>
              <div>&nbsp;</div>
              <div>&nbsp;</div>
            </div>
          </td>
          <!-- end h2 title -->
          <td rowspan="2" width="32"><img alt="" height="27" src="/App_Themes/SECA/img/nl/spacer_32x27.gif" width="32"></td>
          <td rowspan="2" width="16"><img alt="" height="16" src="/App_Themes/SECA/img/nl/spacer_16x16.gif" width="16"></td>
        </tr>
        <tr>
          <td colspan="3"><img alt="" height="20" src="/App_Themes/SECA/img/nl/spacer_20x20.gif" width="20"></td>
        </tr>
      </tbody>
    </table>
    <table border="0" cellpadding="0" cellspacing="0" width="592">
      <tbody>
        <tr>
          <td rowspan="2" width="32"><img alt="" height="27" src="/App_Themes/SECA/img/nl/spacer_32x27.gif" width="32"></td>
          <!-- h2 title -->
          <td width="380"><a name="13021"></a>
            <h2 class="subtitle">Philippe A. Naegeli zu AMC-Plattformen</h2>
            <div>
              <p>GenTwo errichtet (AMC-)Verbriefungsplattformen für Banken, Asset Manager, Family Offices oder auch Venture-Capital-Investoren. Die nutzen sie als moderne Emissionslösung, um Anlageprodukte mit Schweizer ISIN auf jegliche Art von
                Vermögenswerten im Markt zu lancieren. Das Ganze funktioniert ausserbilanziell ohne die Einbindung einer emittierenden Bank. Mehr dazu im nachfolgenden Interview.</p>
            </div>
            <div>
              <ul class="icon_list_documents">
              </ul>
              <a href="http://fundplat.com/interview/gentwo-amcs-erlauben-ein-noch-hoeheres-mass-an-diversifizierung/?utm_source=mailpoet&amp;utm_medium=email&amp;utm_campaign=Newsletter%20Schweiz" target="_blank"><img alt="" height="16" src="/App_Themes/SECA/img/link.gif" width="16">&nbsp;read more</a>
            </div>
          </td>
          <td width="32"><img alt="" height="27" src="/App_Themes/SECA/img/nl/spacer_32x27.gif" width="32"></td>
          <td width="100"><img alt="" src="/getattachment/26e1c6f2-bc1b-4ac7-a597-8cf7a33c7549/philippe-a-naegeli-zu-amc-plattformen.aspx?width=100">
            <div>
              <div>&nbsp;</div>
              <div>&nbsp;</div>
            </div>
          </td>
          <!-- end h2 title -->
          <td rowspan="2" width="32"><img alt="" height="27" src="/App_Themes/SECA/img/nl/spacer_32x27.gif" width="32"></td>
          <td rowspan="2" width="16"><img alt="" height="16" src="/App_Themes/SECA/img/nl/spacer_16x16.gif" width="16"></td>
        </tr>
        <tr>
          <td colspan="3"><img alt="" height="20" src="/App_Themes/SECA/img/nl/spacer_20x20.gif" width="20"></td>
        </tr>
      </tbody>
    </table>
    <table border="0" cellpadding="0" cellspacing="0" width="592">
      <tbody>
        <tr>
          <td rowspan="2" width="32"><img alt="" height="27" src="/App_Themes/SECA/img/nl/spacer_32x27.gif" width="32"></td>
          <!-- h2 title -->
          <td width="380"><a name="13035"></a>
            <h2 class="subtitle">Responsible Investment Brand Index 2021™&nbsp;</h2>
            <div>
              <p>Schweizer Asset Manager müssen ihre Rolle beim Aufbau einer sichereren und gerechteren Zukunft betonen. Der Hirschel &amp; Kramer Responsible Investment Brand Index (RIBI™) bewertet die Vermögensverwaltungs- Branche nach ihrer
                Fähigkeit, ihr Engagement für eine nachhaltige Entwicklung in den Markenkern der einzelnen Vermögensverwalter zu übertragen, und bietet damit einzigartige Einblicke in die Branche.</p>
            </div>
            <div>
              <ul class="icon_list_documents">
              </ul>
              <a href="http://mcusercontent.com/5873c85ac1648c0e17025d717/files/7f195500-26b1-2fa2-2151-ad6c21e383ee/RIBI_2021_Press_Release_DE_SWITZERLAND.docx.pdf?mc_cid=7ba9b08525&amp;mc_eid=b4ed57a2d3" target="_blank"><img alt="" height="16" src="/App_Themes/SECA/img/link.gif" width="16">&nbsp;read more</a>
            </div>
          </td>
          <td width="32"><img alt="" height="27" src="/App_Themes/SECA/img/nl/spacer_32x27.gif" width="32"></td>
          <td width="100"><img alt="" src="/getattachment/9f92415d-83a1-4975-b3f5-a3fee082fb5e/responsible-investment-brand-index-2021.aspx?width=100">
            <div>
              <div>&nbsp;</div>
              <div>&nbsp;</div>
            </div>
          </td>
          <!-- end h2 title -->
          <td rowspan="2" width="32"><img alt="" height="27" src="/App_Themes/SECA/img/nl/spacer_32x27.gif" width="32"></td>
          <td rowspan="2" width="16"><img alt="" height="16" src="/App_Themes/SECA/img/nl/spacer_16x16.gif" width="16"></td>
        </tr>
        <tr>
          <td colspan="3"><img alt="" height="20" src="/App_Themes/SECA/img/nl/spacer_20x20.gif" width="20"></td>
        </tr>
      </tbody>
    </table>
    <table border="0" cellpadding="0" cellspacing="0" width="592">
      <tbody>
        <tr>
          <td colspan="2" height="16" width="32"><img alt="" height="16" src="/App_Themes/SECA/img/nl/spacer_16x16.gif" width="16"></td>
          <td width="512"><img alt="" height="16" src="/App_Themes/SECA/img/nl/spacer_16x16.gif" width="16"></td>
          <td width="32">&nbsp;</td>
          <td width="16"><img alt="" height="16" src="/App_Themes/SECA/img/nl/spacer_16x16.gif" width="16"></td>
        </tr>
        <tr>
          <td height="53" rowspan="2" style="border-top: 1px solid #000000; border-bottom: 1px solid #000000;" width="16"><img alt="" height="53" src="/App_Themes/SECA/img/nl/spacer_16x16.gif" width="16"></td>
          <td rowspan="2" style="border-top: 1px solid #000000; border-bottom: 1px solid #000000;" width="16"><img alt="" height="53" src="/App_Themes/SECA/img/nl/spacer_16x16.gif" width="16"></td>
          <td style="border-top: 1px solid #000000;" valign="center"><img alt="" height="10" src="/App_Themes/SECA/img/nl/spacer_6x10.gif" width="6"></td>
          <td style="border-top: 1px solid #000000;">&nbsp;</td>
          <td rowspan="2" style="border-top: 1px solid #000000; border-bottom: 1px solid #000000;" width="16"><img alt="" height="53" src="/App_Themes/SECA/img/nl/spacer_16x16.gif" width="16"></td>
        </tr>
        <tr>
          <td height="43" style="border-bottom: 1px solid #000000;" valign="top"><a name="nl_33718"></a>
            <h1 class="no_space">Mergers &amp; Acquisitions</h1>
          </td>
          <td style="border-bottom: 1px solid #000000;">&nbsp;</td>
        </tr>
        <tr>
          <td colspan="2" height="27"><img alt="" height="27" src="/App_Themes/SECA/img/nl/spacer_32x27.gif"></td>
          <td>&nbsp;</td>
          <td><img alt="" height="27" src="/App_Themes/SECA/img/nl/spacer_32x27.gif"></td>
          <td width="16">&nbsp;</td>
        </tr>
      </tbody>
    </table>
    <table border="0" cellpadding="0" cellspacing="0" width="592">
      <tbody>
        <tr>
          <td rowspan="2" width="32"><img alt="" height="27" src="/App_Themes/SECA/img/nl/spacer_32x27.gif" width="32"></td>
          <!-- h2 title -->
          <td width="380"><a name="12984"></a>
            <h2 class="subtitle">Accor kauft sich im Lifestyle ein</h2>
            <div>
              <p>Ennismore mit 25hours und Mama Shelter gehört jetzt mehrheitlich dem französischen Hotelkonzern. Der französische Hotelkonzern Accor und das britische Hospitality-Unternehmen Ennismore haben ihre angekündigte Fusion vollzogen. Die
                neu formierte Lifestyle-Einheit wird weiterhin Ennismore heissen und soll das grösste und am schnellsten wachsende Hospitality-Unternehmen dieser Art werden, teilen die Unternehmen mit.</p>
            </div>
            <div>
              <ul class="icon_list_documents">
              </ul>
              <a href="http://abouttravel.ch/reisebranche/accor-kauft-sich-im-lifestyle-ein/" target="_blank"><img alt="" height="16" src="/App_Themes/SECA/img/link.gif" width="16">&nbsp;read more</a>
            </div>
          </td>
          <td width="32"><img alt="" height="27" src="/App_Themes/SECA/img/nl/spacer_32x27.gif" width="32"></td>
          <td width="100"><img alt="" src="/getattachment/f553ed77-dfbd-4019-a884-8df9637581e8/news.aspx?width=100">
            <div>
              <div>&nbsp;</div>
              <div>&nbsp;</div>
            </div>
          </td>
          <!-- end h2 title -->
          <td rowspan="2" width="32"><img alt="" height="27" src="/App_Themes/SECA/img/nl/spacer_32x27.gif" width="32"></td>
          <td rowspan="2" width="16"><img alt="" height="16" src="/App_Themes/SECA/img/nl/spacer_16x16.gif" width="16"></td>
        </tr>
        <tr>
          <td colspan="3"><img alt="" height="20" src="/App_Themes/SECA/img/nl/spacer_20x20.gif" width="20"></td>
        </tr>
      </tbody>
    </table>
    <table border="0" cellpadding="0" cellspacing="0" width="592">
      <tbody>
        <tr>
          <td colspan="2" height="16" width="32"><img alt="" height="16" src="/App_Themes/SECA/img/nl/spacer_16x16.gif" width="16"></td>
          <td width="512"><img alt="" height="16" src="/App_Themes/SECA/img/nl/spacer_16x16.gif" width="16"></td>
          <td width="32">&nbsp;</td>
          <td width="16"><img alt="" height="16" src="/App_Themes/SECA/img/nl/spacer_16x16.gif" width="16"></td>
        </tr>
        <tr>
          <td height="53" rowspan="2" style="border-top: 1px solid #000000; border-bottom: 1px solid #000000;" width="16"><img alt="" height="53" src="/App_Themes/SECA/img/nl/spacer_16x16.gif" width="16"></td>
          <td rowspan="2" style="border-top: 1px solid #000000; border-bottom: 1px solid #000000;" width="16"><img alt="" height="53" src="/App_Themes/SECA/img/nl/spacer_16x16.gif" width="16"></td>
          <td style="border-top: 1px solid #000000;" valign="center"><img alt="" height="10" src="/App_Themes/SECA/img/nl/spacer_6x10.gif" width="6"></td>
          <td style="border-top: 1px solid #000000;">&nbsp;</td>
          <td rowspan="2" style="border-top: 1px solid #000000; border-bottom: 1px solid #000000;" width="16"><img alt="" height="53" src="/App_Themes/SECA/img/nl/spacer_16x16.gif" width="16"></td>
        </tr>
        <tr>
          <td height="43" style="border-bottom: 1px solid #000000;" valign="top"><a name="nl_33716"></a>
            <h1 class="no_space">Management Buyout</h1>
          </td>
          <td style="border-bottom: 1px solid #000000;">&nbsp;</td>
        </tr>
        <tr>
          <td colspan="2" height="27"><img alt="" height="27" src="/App_Themes/SECA/img/nl/spacer_32x27.gif"></td>
          <td>&nbsp;</td>
          <td><img alt="" height="27" src="/App_Themes/SECA/img/nl/spacer_32x27.gif"></td>
          <td width="16">&nbsp;</td>
        </tr>
      </tbody>
    </table>
    <table border="0" cellpadding="0" cellspacing="0" width="592">
      <tbody>
        <tr>
          <td rowspan="2" width="32"><img alt="" height="27" src="/App_Themes/SECA/img/nl/spacer_32x27.gif" width="32"></td>
          <!-- h2 title -->
          <td width="380"><a name="12983"></a>
            <h2 class="subtitle">Nachfolgepartner beteiligt sich an Chromedia</h2>
            <div>
              <p>Gemeinsam mit dem Management und Mitgesellschaftern wird «<a href="https://nachfolgepartner.ch/" target="_blank">Nachfolgepartner</a>» (Alex Brennwald &amp; Fabian Gerschwiler) die Firma Chromedia in den nächsten Wachstumsschritten
                begleiten. Chromedia ist eine international tätige B2B- und B2C-Agentur und fokussiert auf Digital-, Dialogmarketing und CRM.</p>
            </div>
            <div>
              <ul class="icon_list_documents">
              </ul>
              <a href="http://nachfolgepartner.ch/2021/10/08/chromedia/" target="_blank"><img alt="" height="16" src="/App_Themes/SECA/img/link.gif" width="16">&nbsp;read more</a>
            </div>
          </td>
          <td width="32"><img alt="" height="27" src="/App_Themes/SECA/img/nl/spacer_32x27.gif" width="32"></td>
          <td width="100"><img alt="" src="/getattachment/f7cbac10-5cdf-491d-8b6d-784274bc0647/news.aspx?width=100">
            <div>
              <div>&nbsp;</div>
              <div>&nbsp;</div>
            </div>
          </td>
          <!-- end h2 title -->
          <td rowspan="2" width="32"><img alt="" height="27" src="/App_Themes/SECA/img/nl/spacer_32x27.gif" width="32"></td>
          <td rowspan="2" width="16"><img alt="" height="16" src="/App_Themes/SECA/img/nl/spacer_16x16.gif" width="16"></td>
        </tr>
        <tr>
          <td colspan="3"><img alt="" height="20" src="/App_Themes/SECA/img/nl/spacer_20x20.gif" width="20"></td>
        </tr>
      </tbody>
    </table>
    <table border="0" cellpadding="0" cellspacing="0" width="592">
      <tbody>
        <tr>
          <td colspan="2" height="16" width="32"><img alt="" height="16" src="/App_Themes/SECA/img/nl/spacer_16x16.gif" width="16"></td>
          <td width="512"><img alt="" height="16" src="/App_Themes/SECA/img/nl/spacer_16x16.gif" width="16"></td>
          <td width="32">&nbsp;</td>
          <td width="16"><img alt="" height="16" src="/App_Themes/SECA/img/nl/spacer_16x16.gif" width="16"></td>
        </tr>
        <tr>
          <td height="53" rowspan="2" style="border-top: 1px solid #000000; border-bottom: 1px solid #000000;" width="16"><img alt="" height="53" src="/App_Themes/SECA/img/nl/spacer_16x16.gif" width="16"></td>
          <td rowspan="2" style="border-top: 1px solid #000000; border-bottom: 1px solid #000000;" width="16"><img alt="" height="53" src="/App_Themes/SECA/img/nl/spacer_16x16.gif" width="16"></td>
          <td style="border-top: 1px solid #000000;" valign="center"><img alt="" height="10" src="/App_Themes/SECA/img/nl/spacer_6x10.gif" width="6"></td>
          <td style="border-top: 1px solid #000000;">&nbsp;</td>
          <td rowspan="2" style="border-top: 1px solid #000000; border-bottom: 1px solid #000000;" width="16"><img alt="" height="53" src="/App_Themes/SECA/img/nl/spacer_16x16.gif" width="16"></td>
        </tr>
        <tr>
          <td height="43" style="border-bottom: 1px solid #000000;" valign="top"><a name="nl_33708"></a>
            <h1 class="no_space">Book of the Week</h1>
          </td>
          <td style="border-bottom: 1px solid #000000;">&nbsp;</td>
        </tr>
        <tr>
          <td colspan="2" height="27"><img alt="" height="27" src="/App_Themes/SECA/img/nl/spacer_32x27.gif"></td>
          <td>&nbsp;</td>
          <td><img alt="" height="27" src="/App_Themes/SECA/img/nl/spacer_32x27.gif"></td>
          <td width="16">&nbsp;</td>
        </tr>
      </tbody>
    </table>
    <table border="0" cellpadding="0" cellspacing="0" width="592">
      <tbody>
        <tr>
          <td rowspan="2" width="32"><img alt="" height="27" src="/App_Themes/SECA/img/nl/spacer_32x27.gif" width="32"></td>
          <!-- h2 title -->
          <td width="380"><a name="12979"></a>
            <h2 class="subtitle">Nachhaltige Anlagen: Erste Fonds gehen mit Klimastrategien an den Start</h2>
            <div>
              <p>Die Vermögen nachhaltiger Publikumsfonds haben sich in der Schweiz über die letzten zwölf Monate mehr als verdoppelt. 775 Milliarden Franken sind 2021 in solche Anlagen investiert. Einige dieser Fonds nutzen neuerdings auch
                Klimastrategien. Strategien zur Steuerung von Klimarisiken sind höchst anspruchsvoll und stellen für Fondsanbieter Neuland dar, das zeigt die neueste Sustainable-Investments-Studie der Hochschule Luzern.</p>
            </div>
            <div>
              <ul class="icon_list_documents">
              </ul>
              <a href="http://www.hslu.ch/de-ch/hochschule-luzern/ueber-uns/medien/medienmitteilungen/2021/11/18/sustainable-investments-studie-2021/" target="_blank"><img alt="" height="16" src="/App_Themes/SECA/img/link.gif" width="16">&nbsp;read more</a>
            </div>
          </td>
          <td width="32"><img alt="" height="27" src="/App_Themes/SECA/img/nl/spacer_32x27.gif" width="32"></td>
          <td width="100"><img alt="" src="/getattachment/a9555d78-99b8-4812-8404-f0f8841aa3b9/news-1.aspx?width=100">
            <div>
              <div>&nbsp;</div>
              <div>&nbsp;</div>
            </div>
          </td>
          <!-- end h2 title -->
          <td rowspan="2" width="32"><img alt="" height="27" src="/App_Themes/SECA/img/nl/spacer_32x27.gif" width="32"></td>
          <td rowspan="2" width="16"><img alt="" height="16" src="/App_Themes/SECA/img/nl/spacer_16x16.gif" width="16"></td>
        </tr>
        <tr>
          <td colspan="3"><img alt="" height="20" src="/App_Themes/SECA/img/nl/spacer_20x20.gif" width="20"></td>
        </tr>
      </tbody>
    </table>
    <table border="0" cellpadding="0" cellspacing="0" width="592">
      <tbody>
        <tr>
          <td rowspan="2" width="32"><img alt="" height="27" src="/App_Themes/SECA/img/nl/spacer_32x27.gif" width="32"></td>
          <!-- h2 title -->
          <td width="380"><a name="13038"></a>
            <h2 class="subtitle">EIZ Publishing:&nbsp;Jahrbuch Wirtschaftsrecht | Innovation und Disruption</h2>
            <div>
              <p>Der vorliegende 16. Band der Jahrbuchreihe „Wirtschaftsrecht Schweiz – EU“ dokumentiert die aktuellen Entwicklungen in zentralen Bereichen des EU-Wirtschaftsrechts. Berücksichtigt werden insbesondere die Gebiete Kapitalmarktrecht,
                Immaterialgüterrecht, Arbeitsrecht, Steuerrecht und Wettbewerbsrecht. Experten diskutieren jeweils die Relevanz für die Schweiz sowie die korrespondierenden Entwicklungen im schweizerischen Recht. Das Jahrbuch richtet sich vor allem
                an Unternehmens-, Wirtschafts- und Verwaltungsjuristen sowie an Richter und Rechtsanwälte und bietet ihnen einen kompakten Überblick über die wichtigsten Gesetzgebungsvorstösse, neue Rechtsakte und ergangene Urteile im vergangenen
                Jahr 2020.</p>
            </div>
            <div>
              <ul class="icon_list_documents">
              </ul>
              <a href="http://eizpublishing.ch/publikationen/jahrbuch-wirtschaftsrecht-schweiz-eu-2021/" target="_blank"><img alt="" height="16" src="/App_Themes/SECA/img/link.gif" width="16">&nbsp;read more</a>
            </div>
          </td>
          <td width="32"><img alt="" height="27" src="/App_Themes/SECA/img/nl/spacer_32x27.gif" width="32"></td>
          <td width="100"><img alt="" src="/getattachment/4c05d07d-ad4c-4592-b0e5-e0b1fd8dfdde/eiz-publishing-jahrbuch-wirtschaftsrecht-innova.aspx?width=100">
            <div>
              <div>&nbsp;</div>
              <div>&nbsp;</div>
            </div>
          </td>
          <!-- end h2 title -->
          <td rowspan="2" width="32"><img alt="" height="27" src="/App_Themes/SECA/img/nl/spacer_32x27.gif" width="32"></td>
          <td rowspan="2" width="16"><img alt="" height="16" src="/App_Themes/SECA/img/nl/spacer_16x16.gif" width="16"></td>
        </tr>
        <tr>
          <td colspan="3"><img alt="" height="20" src="/App_Themes/SECA/img/nl/spacer_20x20.gif" width="20"></td>
        </tr>
      </tbody>
    </table>
    <table border="0" cellpadding="0" cellspacing="0" width="592">
      <tbody>
        <tr>
          <td colspan="2" height="16" width="32"><img alt="" height="16" src="/App_Themes/SECA/img/nl/spacer_16x16.gif" width="16"></td>
          <td width="512"><img alt="" height="16" src="/App_Themes/SECA/img/nl/spacer_16x16.gif" width="16"></td>
          <td width="32">&nbsp;</td>
          <td width="16"><img alt="" height="16" src="/App_Themes/SECA/img/nl/spacer_16x16.gif" width="16"></td>
        </tr>
        <tr>
          <td height="53" rowspan="2" style="border-top: 1px solid #000000; border-bottom: 1px solid #000000;" width="16"><img alt="" height="53" src="/App_Themes/SECA/img/nl/spacer_16x16.gif" width="16"></td>
          <td rowspan="2" style="border-top: 1px solid #000000; border-bottom: 1px solid #000000;" width="16"><img alt="" height="53" src="/App_Themes/SECA/img/nl/spacer_16x16.gif" width="16"></td>
          <td style="border-top: 1px solid #000000;" valign="center"><img alt="" height="10" src="/App_Themes/SECA/img/nl/spacer_6x10.gif" width="6"></td>
          <td style="border-top: 1px solid #000000;">&nbsp;</td>
          <td rowspan="2" style="border-top: 1px solid #000000; border-bottom: 1px solid #000000;" width="16"><img alt="" height="53" src="/App_Themes/SECA/img/nl/spacer_16x16.gif" width="16"></td>
        </tr>
        <tr>
          <td height="43" style="border-bottom: 1px solid #000000;" valign="top"><a name="nl_33714"></a>
            <h1 class="no_space">Jobs</h1>
          </td>
          <td style="border-bottom: 1px solid #000000;">&nbsp;</td>
        </tr>
        <tr>
          <td colspan="2" height="27"><img alt="" height="27" src="/App_Themes/SECA/img/nl/spacer_32x27.gif"></td>
          <td>&nbsp;</td>
          <td><img alt="" height="27" src="/App_Themes/SECA/img/nl/spacer_32x27.gif"></td>
          <td width="16">&nbsp;</td>
        </tr>
      </tbody>
    </table>
    <table border="0" cellpadding="0" cellspacing="0" width="592">
      <tbody>
        <tr>
          <td rowspan="2" width="32"><img alt="" height="27" src="/App_Themes/SECA/img/nl/spacer_32x27.gif" width="32"></td>
          <!-- h2 title -->
          <td width="380"><a name="12982"></a>
            <h2 class="subtitle">How to publish a job ad</h2>
            <div>
              <p>On this place your Job ad could be published.</p>
              <p>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 info@seca.ch.</p>
              <ul>
                <li>for SECA Full Members<br> free of charge</li>
                <li>for SECA Associate and Individual Members<br> CHF 100.- / 2 editions</li>
                <li>for Non-Members CHF 200.- / 2 Weeks</li>
              </ul>
            </div>
            <div>
              <ul class="icon_list_documents">
              </ul>
            </div>
          </td>
          <td width="32"><img alt="" height="27" src="/App_Themes/SECA/img/nl/spacer_32x27.gif" width="32"></td>
          <td width="100"><img alt="" src="/getattachment/5caa61b9-163f-4b2e-89d1-26ccfec488e5/news-1.aspx?width=100">
            <div>
              <div>&nbsp;</div>
              <div>&nbsp;</div>
            </div>
          </td>
          <!-- end h2 title -->
          <td rowspan="2" width="32"><img alt="" height="27" src="/App_Themes/SECA/img/nl/spacer_32x27.gif" width="32"></td>
          <td rowspan="2" width="16"><img alt="" height="16" src="/App_Themes/SECA/img/nl/spacer_16x16.gif" width="16"></td>
        </tr>
        <tr>
          <td colspan="3"><img alt="" height="20" src="/App_Themes/SECA/img/nl/spacer_20x20.gif" width="20"></td>
        </tr>
      </tbody>
    </table>
    <table border="0" cellpadding="0" cellspacing="0" width="592">
      <tbody>
        <tr>
          <td colspan="2" height="16" width="32"><img alt="" height="16" src="/App_Themes/SECA/img/nl/spacer_16x16.gif" width="16"></td>
          <td width="512"><img alt="" height="16" src="/App_Themes/SECA/img/nl/spacer_16x16.gif" width="16"></td>
          <td width="32">&nbsp;</td>
          <td width="16"><img alt="" height="16" src="/App_Themes/SECA/img/nl/spacer_16x16.gif" width="16"></td>
        </tr>
        <tr>
          <td height="53" rowspan="2" style="border-top: 1px solid #000000; border-bottom: 1px solid #000000;" width="16"><img alt="" height="53" src="/App_Themes/SECA/img/nl/spacer_16x16.gif" width="16"></td>
          <td rowspan="2" style="border-top: 1px solid #000000; border-bottom: 1px solid #000000;" width="16"><img alt="" height="53" src="/App_Themes/SECA/img/nl/spacer_16x16.gif" width="16"></td>
          <td style="border-top: 1px solid #000000;" valign="center"><img alt="" height="10" src="/App_Themes/SECA/img/nl/spacer_6x10.gif" width="6"></td>
          <td style="border-top: 1px solid #000000;">&nbsp;</td>
          <td rowspan="2" style="border-top: 1px solid #000000; border-bottom: 1px solid #000000;" width="16"><img alt="" height="53" src="/App_Themes/SECA/img/nl/spacer_16x16.gif" width="16"></td>
        </tr>
        <tr>
          <td height="43" style="border-bottom: 1px solid #000000;" valign="top"><a name="nl_33700"></a>
            <h1 class="no_space">Agenda</h1>
          </td>
          <td style="border-bottom: 1px solid #000000;">&nbsp;</td>
        </tr>
        <tr>
          <td colspan="2" height="27"><img alt="" height="27" src="/App_Themes/SECA/img/nl/spacer_32x27.gif"></td>
          <td>&nbsp;</td>
          <td><img alt="" height="27" src="/App_Themes/SECA/img/nl/spacer_32x27.gif"></td>
          <td width="16">&nbsp;</td>
        </tr>
      </tbody>
    </table>
    <table border="0" cellpadding="0" cellspacing="0" width="592">
      <tbody>
        <tr>
          <td rowspan="2" width="32"><img alt="" height="27" src="/App_Themes/SECA/img/nl/spacer_32x27.gif" width="32"></td>
          <!-- h2 title -->
          <td width="380"><a name="12978"></a>
            <h2 class="subtitle">Upcoming SECA Events - save the date</h2>
            <div>
              <ul>
                <li>
                  <p><strong><a href="https://www.seca.ch/Calendar/Events/2021/SECA-Webinar-Changing-Dynamics-in-Private-Equity.aspx" target="_blank">SECA Webinar: Changing Dynamics in Private Equity Demand</a>,</strong> Wednesday, 1 December 2021,
                    11am, online</p>
                </li>
                <li>
                  <p><strong><a href="https://www.seca.ch/Calendar/Events/2021/SECA-Webinar-Robotics.aspx" target="_blank">SECA Webinar: Robotics</a></strong><br> Tuesday, 14 December 2021, 11am, online</p>
                </li>
                <li>
                  <p><a href="https://www.seca.ch/Calendar/Events/2022/SECA-Formations-en-ligne-sur-le-private-equity.aspx" target="_blank"><strong>SECA Formations en ligne sur le private equity</strong> (f)</a><br> Sept modules - Start Mercredi 2
                    Février 2022<br>
                    <strong>Tout </strong>savoir sur le private equity / <strong>Due </strong>diligences financières /<br>
                    <strong>Valorisation </strong>des entreprises / <strong>Convention </strong>d'actionnaires / <strong>Management </strong>package / <strong>Lever </strong>un fonds de private equity : théorie et pratique / <strong>Private
                    </strong>equity pour le middle &amp; back office
                  </p>
                </li>
              </ul>
              <p>More information will follow in due time. Please see also on www.seca.ch - Events.</p>
            </div>
            <div>
              <ul class="icon_list_documents">
              </ul>
              <a href="http://www.hslu.ch/de-ch/wirtschaft/weiterbildung/weiterbildungskurse/ifz/sustainable-finance/" target="_blank"><img alt="" height="16" src="/App_Themes/SECA/img/link.gif" width="16">&nbsp;weitere Informationen und Anmeldung</a>
            </div>
          </td>
          <td width="32"><img alt="" height="27" src="/App_Themes/SECA/img/nl/spacer_32x27.gif" width="32"></td>
          <td width="100"><img alt="" src="/getattachment/07b4f834-342f-4c3c-9082-eae296198833/upcoming-seca-events.aspx?width=100">
            <div>
              <div>&nbsp;</div>
              <div>&nbsp;</div>
            </div>
          </td>
          <!-- end h2 title -->
          <td rowspan="2" width="32"><img alt="" height="27" src="/App_Themes/SECA/img/nl/spacer_32x27.gif" width="32"></td>
          <td rowspan="2" width="16"><img alt="" height="16" src="/App_Themes/SECA/img/nl/spacer_16x16.gif" width="16"></td>
        </tr>
        <tr>
          <td colspan="3"><img alt="" height="20" src="/App_Themes/SECA/img/nl/spacer_20x20.gif" width="20"></td>
        </tr>
      </tbody>
    </table>
    <table border="0" cellpadding="0" cellspacing="0" width="592">
      <tbody>
        <tr>
          <td rowspan="2" width="32"><img alt="" height="27" src="/App_Themes/SECA/img/nl/spacer_32x27.gif" width="32"></td>
          <!-- h2 title -->
          <td width="380"><a name="12972"></a>
            <h2 class="subtitle">CPEA - Certified Private Equity Analys</h2>
            <div>
              <p>In Zusammenarbeit mit dem Bundesverband Deutscher Kapital-beteiligungsgesellschaften (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.</p>
            </div>
            <div>
              <ul class="icon_list_documents">
              </ul>
              <a href="http://www.lll.tum.de/de/certificate/certified-private-equity-analyst-cpea-tum/" target="_blank"><img alt="" height="16" src="/App_Themes/SECA/img/link.gif" width="16">&nbsp;weitere Informationen</a>
            </div>
          </td>
          <td width="32"><img alt="" height="27" src="/App_Themes/SECA/img/nl/spacer_32x27.gif" width="32"></td>
          <td width="100"><img alt="" src="/getattachment/005ca28d-092a-486b-ab3f-41ea2e02067c/cpea-certified-private-equity-analys.aspx?width=100">
            <div>
              <div>&nbsp;</div>
              <div>&nbsp;</div>
            </div>
          </td>
          <!-- end h2 title -->
          <td rowspan="2" width="32"><img alt="" height="27" src="/App_Themes/SECA/img/nl/spacer_32x27.gif" width="32"></td>
          <td rowspan="2" width="16"><img alt="" height="16" src="/App_Themes/SECA/img/nl/spacer_16x16.gif" width="16"></td>
        </tr>
        <tr>
          <td colspan="3"><img alt="" height="20" src="/App_Themes/SECA/img/nl/spacer_20x20.gif" width="20"></td>
        </tr>
      </tbody>
    </table>
    <table border="0" cellpadding="0" cellspacing="0" width="592">
      <tbody>
        <tr>
          <td rowspan="2" width="32"><img alt="" height="27" src="/App_Themes/SECA/img/nl/spacer_32x27.gif" width="32"></td>
          <!-- h2 title -->
          <td width="380"><a name="12973"></a>
            <h2 class="subtitle">Deutsches Eigenkapitalforum</h2>
            <div>
              <p>22 – 24 November 2021, online</p>
              <p>Since 1996, the Deutsches Eigenkapitalforum has established itself as Europe's largest capital market conference and has become a well-known name among industry experts. About 2,000 participants from a broad and international
                financial audience are expected. On three days, more than 200 companies from all sectors will present themselves to institutional investors and analysts. Both parties use this opportunity to enter into an active dialogue with each
                other, getting into more details in personal 1-on-1 meetings. The company presentations and 1-on-1 meetings will be accompanied by an interesting forum programme on current capital market topics.</p>
            </div>
            <div>
              <ul class="icon_list_documents">
              </ul>
              <a href="http://www.eigenkapitalforum.com" target="_blank"><img alt="" height="16" src="/App_Themes/SECA/img/link.gif" width="16">&nbsp;more information and registration</a>
            </div>
          </td>
          <td width="32"><img alt="" height="27" src="/App_Themes/SECA/img/nl/spacer_32x27.gif" width="32"></td>
          <td width="100"><img alt="" src="/getattachment/70b60570-63e0-453f-9f34-c83fa8533b23/deutsches-eigenkapitalforum.aspx?width=100">
            <div>
              <div>&nbsp;</div>
              <div>&nbsp;</div>
            </div>
          </td>
          <!-- end h2 title -->
          <td rowspan="2" width="32"><img alt="" height="27" src="/App_Themes/SECA/img/nl/spacer_32x27.gif" width="32"></td>
          <td rowspan="2" width="16"><img alt="" height="16" src="/App_Themes/SECA/img/nl/spacer_16x16.gif" width="16"></td>
        </tr>
        <tr>
          <td colspan="3"><img alt="" height="20" src="/App_Themes/SECA/img/nl/spacer_20x20.gif" width="20"></td>
        </tr>
      </tbody>
    </table>
    <table border="0" cellpadding="0" cellspacing="0" width="592">
      <tbody>
        <tr>
          <td rowspan="2" width="32"><img alt="" height="27" src="/App_Themes/SECA/img/nl/spacer_32x27.gif" width="32"></td>
          <!-- h2 title -->
          <td width="380"><a name="12975"></a>
            <h2 class="subtitle">Investor Summit Liechtenstein 2021</h2>
            <div>
              <p>30. November 2021, Schaan, Liechtenstein</p>
              <p>Der Investor Summit Liechtenstein vernetzt seit über zehn Jahren Investoren und Entscheidungsträger mit innovativen Startups und Wachstumsunternehmen.</p>
            </div>
            <div>
              <ul class="icon_list_documents">
              </ul>
              <a href="http://www.investorsummit.li/programm" target="_blank"><img alt="" height="16" src="/App_Themes/SECA/img/link.gif" width="16">&nbsp;more information and registration</a>
            </div>
          </td>
          <td width="32"><img alt="" height="27" src="/App_Themes/SECA/img/nl/spacer_32x27.gif" width="32"></td>
          <td width="100"><img alt="" src="/getattachment/b94b3af2-b436-4355-918d-fb60e65baaa8/investor-summit-liechtenstein-2021.aspx?width=100">
            <div>
              <div>&nbsp;</div>
              <div>&nbsp;</div>
            </div>
          </td>
          <!-- end h2 title -->
          <td rowspan="2" width="32"><img alt="" height="27" src="/App_Themes/SECA/img/nl/spacer_32x27.gif" width="32"></td>
          <td rowspan="2" width="16"><img alt="" height="16" src="/App_Themes/SECA/img/nl/spacer_16x16.gif" width="16"></td>
        </tr>
        <tr>
          <td colspan="3"><img alt="" height="20" src="/App_Themes/SECA/img/nl/spacer_20x20.gif" width="20"></td>
        </tr>
      </tbody>
    </table>
    <table border="0" cellpadding="0" cellspacing="0" width="592">
      <tbody>
        <tr>
          <td rowspan="2" width="32"><img alt="" height="27" src="/App_Themes/SECA/img/nl/spacer_32x27.gif" width="32"></td>
          <!-- h2 title -->
          <td width="380"><a name="12977"></a>
            <h2 class="subtitle">NOAH Conference 2021</h2>
            <div>
              <p>6 &amp; 7 Dezember 2021, The Circle Convention Centre, Zurich</p>
              <p>NOAH Conference aims to be a digital and physical collaboration platform for over 67 stakeholder groups to bring sustainable and measurable impact to the World. The fully hybrid event will continue the 12 year long journey of NOAH to
                connect the smart capital with the most exciting startups.</p>
              <ul>
                <li>You can take a closer look at the 2 days program <a href="https://noah.docsend.com/view/rnxu4rj2x69aqbkz" target="_blank">here</a>.</li>
                <li>Further information and registration <a href="http://www.noah-conference.com" target="_blank">here</a>.</li>
              </ul>
            </div>
            <div>
              <ul class="icon_list_documents">
              </ul>
            </div>
          </td>
          <td width="32"><img alt="" height="27" src="/App_Themes/SECA/img/nl/spacer_32x27.gif" width="32"></td>
          <td width="100"><img alt="" src="/getattachment/486e6694-272d-422a-bc1a-a44f88c92144/noah-conference-2021.aspx?width=100">
            <div>
              <div>&nbsp;</div>
              <div>&nbsp;</div>
            </div>
          </td>
          <!-- end h2 title -->
          <td rowspan="2" width="32"><img alt="" height="27" src="/App_Themes/SECA/img/nl/spacer_32x27.gif" width="32"></td>
          <td rowspan="2" width="16"><img alt="" height="16" src="/App_Themes/SECA/img/nl/spacer_16x16.gif" width="16"></td>
        </tr>
        <tr>
          <td colspan="3"><img alt="" height="20" src="/App_Themes/SECA/img/nl/spacer_20x20.gif" width="20"></td>
        </tr>
      </tbody>
    </table>
    <table border="0" cellpadding="0" cellspacing="0" width="592">
      <tbody>
        <tr>
          <td rowspan="2" width="32"><img alt="" height="27" src="/App_Themes/SECA/img/nl/spacer_32x27.gif" width="32"></td>
          <!-- h2 title -->
          <td width="380"><a name="12976"></a>
            <h2 class="subtitle">IPEM 2022</h2>
            <div>
              <p>1-3 February 2022, Palais des Festivals de Cannes, France</p>
              <p>In only 6 years, IPEM has become the benchmark of Private Capital events. Its unique and surprising “PE meets tradeshow” format has won its fame for being a dynamic, easy and effective business congress. IPEM has grown to an
                international event of 3,200 top-quality participants, while keeping the heart and soul of an intimate and relaxed gathering of all private markets.<br> Join the Private Capital ecosystem in Cannes and discover why IPEM is so much
                MORE than a conference.</p>
              <p>As <strong>IPEM partner</strong>, SECA members receive a special discount::<br> 1,774€ (save 416€) from October 16th to December 17th included</p>
            </div>
            <div>
              <ul class="icon_list_documents">
              </ul>
              <a href="http://www.ipem-market.com" target="_blank"><img alt="" height="16" src="/App_Themes/SECA/img/link.gif" width="16">&nbsp;more information and registration</a>
            </div>
          </td>
          <td width="32"><img alt="" height="27" src="/App_Themes/SECA/img/nl/spacer_32x27.gif" width="32"></td>
          <td width="100"><img alt="" src="/getattachment/e455c021-6816-4fa6-ac23-44279d1c6fd3/ipem-2022.aspx?width=100">
            <div>
              <div>&nbsp;</div>
              <div>&nbsp;</div>
            </div>
          </td>
          <!-- end h2 title -->
          <td rowspan="2" width="32"><img alt="" height="27" src="/App_Themes/SECA/img/nl/spacer_32x27.gif" width="32"></td>
          <td rowspan="2" width="16"><img alt="" height="16" src="/App_Themes/SECA/img/nl/spacer_16x16.gif" width="16"></td>
        </tr>
        <tr>
          <td colspan="3"><img alt="" height="20" src="/App_Themes/SECA/img/nl/spacer_20x20.gif" width="20"></td>
        </tr>
      </tbody>
    </table>
    <table border="0" cellpadding="0" cellspacing="0" width="592">
      <tbody>
        <tr>
          <td rowspan="2" width="32"><img alt="" height="27" src="/App_Themes/SECA/img/nl/spacer_32x27.gif" width="32"></td>
          <!-- h2 title -->
          <td width="380"><a name="12974"></a>
            <h2 class="subtitle">Fachkurs Sustainable Finance</h2>
            <div>
              <p>ab 31. März 2022, Hochschule Luzern - Wirtschaft, IFZ, Rotkreuz</p>
              <p>Im kompakten und praxisorientierten Fachkurs erlangen Sie ein fundiertes Grundwissen zum Thema Sustainable Finance in der Schweiz und bauen Ihre Fachkompetenzen im Bereich Nachhaltigkeit aus.</p>
            </div>
            <div>
              <ul class="icon_list_documents">
              </ul>
              <a href="http://www.hslu.ch/de-ch/wirtschaft/weiterbildung/weiterbildungskurse/ifz/sustainable-finance/" target="_blank"><img alt="" height="16" src="/App_Themes/SECA/img/link.gif" width="16">&nbsp;weitere Informationen und Anmeldung</a>
            </div>
          </td>
          <td width="32"><img alt="" height="27" src="/App_Themes/SECA/img/nl/spacer_32x27.gif" width="32"></td>
          <td width="100"><img alt="" src="/getattachment/219c7c17-c990-4fad-951d-36d75fa0b0a0/fachkurs-sustainable-finance.aspx?width=100">
            <div>
              <div>&nbsp;</div>
              <div>&nbsp;</div>
            </div>
          </td>
          <!-- end h2 title -->
          <td rowspan="2" width="32"><img alt="" height="27" src="/App_Themes/SECA/img/nl/spacer_32x27.gif" width="32"></td>
          <td rowspan="2" width="16"><img alt="" height="16" src="/App_Themes/SECA/img/nl/spacer_16x16.gif" width="16"></td>
        </tr>
        <tr>
          <td colspan="3"><img alt="" height="20" src="/App_Themes/SECA/img/nl/spacer_20x20.gif" width="20"></td>
        </tr>
      </tbody>
    </table>
    <table border="0" cellpadding="0" cellspacing="0" width="592">
      <tbody>
        <tr>
          <td colspan="2" height="16" width="32"><img alt="" height="16" src="/App_Themes/SECA/img/nl/spacer_16x16.gif" width="16"></td>
          <td width="512"><img alt="" height="16" src="/App_Themes/SECA/img/nl/spacer_16x16.gif" width="16"></td>
          <td width="32">&nbsp;</td>
          <td width="16"><img alt="" height="16" src="/App_Themes/SECA/img/nl/spacer_16x16.gif" width="16"></td>
        </tr>
        <tr>
          <td height="53" rowspan="2" style="border-top: 1px solid #000000; border-bottom: 1px solid #000000;" width="16"><img alt="" height="53" src="/App_Themes/SECA/img/nl/spacer_16x16.gif" width="16"></td>
          <td rowspan="2" style="border-top: 1px solid #000000; border-bottom: 1px solid #000000;" width="16"><img alt="" height="53" src="/App_Themes/SECA/img/nl/spacer_16x16.gif" width="16"></td>
          <td style="border-top: 1px solid #000000;" valign="center"><img alt="" height="10" src="/App_Themes/SECA/img/nl/spacer_6x10.gif" width="6"></td>
          <td style="border-top: 1px solid #000000;">&nbsp;</td>
          <td rowspan="2" style="border-top: 1px solid #000000; border-bottom: 1px solid #000000;" width="16"><img alt="" height="53" src="/App_Themes/SECA/img/nl/spacer_16x16.gif" width="16"></td>
        </tr>
        <tr>
          <td height="43" style="border-bottom: 1px solid #000000;" valign="top"><a name="nl_33712"></a>
            <h1 class="no_space">Editor</h1>
          </td>
          <td style="border-bottom: 1px solid #000000;">&nbsp;</td>
        </tr>
        <tr>
          <td colspan="2" height="27"><img alt="" height="27" src="/App_Themes/SECA/img/nl/spacer_32x27.gif"></td>
          <td>&nbsp;</td>
          <td><img alt="" height="27" src="/App_Themes/SECA/img/nl/spacer_32x27.gif"></td>
          <td width="16">&nbsp;</td>
        </tr>
      </tbody>
    </table>
    <table border="0" cellpadding="0" cellspacing="0" width="592">
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eNewsletter no. 534

25 November 2021
 
 * SECA
 * Venture Capital
 * Private Equity – Swiss News
 * Private Equity – Int. News
 * Corporate Finance
 * Mergers & Acquisitions
 * Management Buyout
 * Book of the Week
 * Jobs
 * Agenda
 * Editor

 

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DEAR READER



Dear Reader

Game-changing? Put simply, Sequoia plans to gather up all its fund commitments
for its US and European vehicles and decant them into the newly minted Sequoia
Fund, which will act as an LP and redistribute capital into its traditional
venture funds while simultaneously holding onto companies after they go public.

With the announcement, Sequoia declared that as far as its business is
concerned, the venture industry's standard 10-year fund cycle is "obsolete."
It's an innovative move for sure, and one that is perhaps overdue.

In this respect, Switzerland's HBM Healthcare Investments evergreen structure
has been visionary. If Sequoia's opinion is true, HBM was clearly ahead of its
time with its evergreen structure. And Redalpine with its recently launched
Opportunity Fund. But Americans are clearly better in marketing companies/ideas
etc. than the Swiss.

Have a nice week!
Maurice Pedergnana



 

   


SECA

     


SECA WEBINAR: CHANGING DYNAMICS IN PRIVATE EQUITY DEMAND

Wednesday, 1 December 2021, online

Investing in Private Equity has become increasingly prevalent among
institutional investors, and private investors are also increasing demand. The
regulatory regime has made steps to open access to private investors who have
historically been limited by the high investment minimums and various structural
constraints. This SECA Webinar, offered in cooperation with employee-owned
Neuberger Berman, provides insights on the changes in the way both institutional
and private investors are accessing this asset class.

 more information and registration
 
 


SECA WEBINAR: ROBOTICS

Tuesday, 14 December 2021, online

Industry 4.0 is considered to be of similar impact as the invention of the
steam-engine, referring to increasing automation, interconnectivity, machine
learning and real-time data. Robotics are the translation into actual labor and
operations. This offers yield and opportunities for technology investors. In
this webinar, we will provide an overview of the most recent trends, potential
changes in the industry, and avenues for successful transformation, which
include opportunities for eligible technology investors.

 more information and registration
 
 


FORMATIONS EN LIGNE SUR LE PRIVATE EQUITY

La SECA (Swiss Private Equity and Corporate Finance Association) propose un
cycle de formations en français facilitant la montée en compétences des
professionnels intéressés par le capital-investissement (private equity). Nous
offrons aux membres et non-membres un cycle de sept formations conçus pour un
large public, allant des nouveaux entrants dans les métiers du private equity
aux professionnels plus établis, mais aussi aux chargés d'affaires et acteurs du
middle et du back office souhaitant approfondir leurs connaissances,
professionnels de la finance, de la banque, des assurances et des caisses de
retraites.

 more informatioin
 
 


NEW PUBLICATIONS: PE ACTIVITY H1 2021, EUROPEAN MARKET SENTIMENT SURVEY

Invest Europe published two new reports underlining the robust recovery in
private equity activity in the first half of 2021, as well as the strengthening
belief in the industry’s ability to contribute to a stronger economy and better
society.

1.    ‘Investing in Europe: Private Equity Activity H1 2021’ provides a detailed
snapshot of private equity activity in Europe and reveals that firms invested
€57.3 billion in businesses across Europe, the highest ever six-month total.

2.    ‘The insight: how Europe’s private equity industry is anchoring long-term
investors – Pan-European market sentiment survey’ reflects the momentum in
private equity activity in the first half of the year and maps the role the
industry is poised to play in the near term. Some 95% of general partners stated
they intend to increase their focus on ESG issues in the near future, and 86%
are planning to concentrate more on diversity & inclusion.


 
 

   


VENTURE CAPITAL

     


VC MAGAZIN SONDERAUSGABE: UNSTOPPABLE – START-UP 2022

Die aktuelle Ausgabe des VC Magazins gibt als Wegweiser Gründer:innen Inputs zu
organisatorischen Fragen wie Rechtsformen, der Gründung an sich,
Arbeitsverträgen für Mitarbeiter:innen, zur Finanzierung und zu regulatorischen
Themen. Praxisbeispiele zeigen verschiedene Wege der Gründung und Finanzierung
auf. Im anschliessenden Gründerguide finden sich Firmen und
Ansprechpartner:innen ebenso wie Businessplanwettbewerbe und Informationen zu
öffentlichen Fördergeldern.

 E-Magazin
 
 


Q3 2021 INTERACTIVE GLOBAL LEAGUE TABLES

Who led the way? Check out the latest edition of our Global League Tables, which
ranks Q3's most active investors, advisers, service providers and more. The
interactive tables cover the full spectrum of the private markets, from the
busiest acquirers of VC-backed companies to private equity's most active
investors in healthcare. The data can be sorted by firm, deal type, geography,
sector and more.

 see the ranking
 
 


EUROPEAN VC VALUATIONS REPORT

The European VC ecosystem has smashed records across the board in 2021—and
valuations are no exception. Bullish VC investors, outsized rounds across all
stages, and a fervent exit environment have helped push valuations sky high. Our
Q3 European VC Valuations Report breaks down the latest record-breaking quarter
in venture capital, including data on valuations by sector, region, and investor
type.

 read more
 
 


THE STARTUP FUNDING REPORT

According to the Unconventional Ventures' new report featuring Invest Europe
data, the funding gap remains largely the same even though capital deployed to
mixed founding teams increased slightly. In 2020, all-women-founded startups
raised just 0.7% of investment in the Nordics. 7.3% went to mixed-gender
founding teams, while all-men founding teams raised 92%.

 read more
 
 


EVERSHEDS SUTHERLAND-KPMG REPORT – CLIMATE CHANGE AND THE PEOPLE FACTOR

Eversheds Sutherland is pleased to share the second installment of Eversheds
Sutherland’s climate change report produced jointly with KPMG “Climate Change
and The People Factor: Why net zero needs the people factor to succeed”. In last
year’s report, they explored the connection between companies’ climate
change-readiness and their corporate value. In this report, they look at how
corporates are adapting their people strategies – board preparedness, employee
upskilling and community engagement, among other initiatives – to respond to
climate risk.

 read more
 
 


EMERGING TECH RESEARCH: INSURTECH

The insurtech industry has many large incumbents, but the sector continues to
remain fragmented due primarily to local regulations in several countries.

 Source
 
 


MOONFARE RAISES $125M IN SERIES C LED BY INSIGHT PARTNERS TO ACCELERATE GLOBAL
GROWTH

New SECA Member Moonfare, the leading digital private equity investment platform
for individual investors, announced today that it has raised $125 million in
Series C funding, led by New York-based global private equity and venture
capital firm Insight Partners. Moonfare will use the funding to continue to
develop innovative investment solutions and accelerate its international
expansion. The company has raised $185 million in funding to date.

 read more
 
 


EUROPEAN VENTURE REPORT

VC investment in Europe totaled €24 billion in Q3, the second-highest quarterly
figure in history. What's more, the three largest quarters for European VC deal
value have been the three completed quarters of 2021, as the continent’s venture
ecosystem rewrites its record books. Our Q3 European Venture Report tracks the
trends that are shaping an unprecedented year in VC, as the early
pandemic-driven uncertainty has been replaced by investor confidence and
promising growth.

 Download the report
 
 


RAZOR RAISES $125M AT A $1BN+ VALUATION

The stellar growth of our portfolio company Razor Group (Redalpine Capital IV &
Redalpine Opportunity Fund) has been exceptional. The Berlin-based company
successfully closed a $125 million Series B round in its latest equity funding
round, which includes commitments from Fortress Investment Group, 468 Capital,
Victory Park Capital, Presight Capital, Blackrock, Jebsen Capital, GFC, and
Redalpine. In turn, this pushes the company past a $1 billion valuation – within
just 14 months of operation.

 read more
 
 


EQT VENTURES AND EQT GROWTH TO EXIT ITS HOLDINGS IN WOLT, A LEADING FOOD
DELIVERY PLATFORM OPERATING ACROSS 23 COUNTRIES

DoorDash is acquiring Wolt in an all-stock deal worth approximately EUR 7
billion; EQT Ventures and EQT Growth will exit their holdings in Wolt and
receive DoorDash stock as part of the transaction.

 read more
 
 


REDALPINE LEADS €4.2M SEED ROUND OF COLLATO – THE PLATFORM TO SIMPLIFY CREATIVE
WORKFLOW MANAGEMENT

Redalpine is excited to announce its Seed investment in Berlin-based Collato
(Redalpine Capital VI). Mangrove Capital and the (ex-)CEOs of Zalando have also
participated in the €4.2m round.

 read more
 
 


VERSICS GEWINNT CHF 150’000 FÜR DIE ENTWICKLUNG DES DATENVERKEHRS DER ZUKUNFT

Unsere Gesellschaft tauscht mehr Informationen aus als je zuvor, und wir stehen
vor einer technologischen Bandbreitenlücke. Die Erhöhung der Bandbreite mit der
bestehenden Technologie führt zu einem unhaltbaren Energiebedarf, komplexen
Hardware-Anwendungen und hohen Betriebskosten. Der Venture-Kick-Gewinner Versics
entwickelt modulare Glasfaserkomponenten für die nächste Generation von
Hochgeschwindigkeits-Glasfasernetzen, die Internet- und Cloud-Service-Providern
dienen. Das in Zürich ansässige Startup wird die CHF 150’000 nutzen, um seinen
Markteintritt zu beschleunigen.

 * Medienmitteilung

 
 


BAND AWARDS: SIMONE BRUMMELHUIS, NETHERLANDS, IS "EUROPE'S FEMALE ANGEL INVESTOR
OF THE YEAR 2021"

The "Golden Aurora", the prize for the best female business angel in Europe,
will be awarded this year to a Dutch woman from Amsterdam, Simone Brummelhuis.
In addition to Brummelhuis, the European jury had three other nominees for the
final selection from a total of 18: Gloria Bäuerlein, Germany, Berlin, the
sisters Conny Hörl and Katja Ruhnke, Austria and Germany, as a tandem and Nina
Portier Reinhart, Switzerland.

 read more
 
 


SWISS VENTURE INSIGHTS - OCTOBER 2021

In October 2021, Swiss companies raise a total of CHF 261 million in equity
investments. This was primarily driven by MindMaze's CHF 116 million growth
round. This is further reflected in the charts with the canton of Vaud and the
Medtech sector showing the most amount of funding in October. ONWARD Medical
made its debut in the public markets by floating its shares on the Euronext
exchange in Brussels, thereby raising CHF 93 million. We further counted seven
Trade Sales and one SPAC for the month of October.

 read more
 
 


SIGNIFIKANT CLOSES FINANCING ROUND TO FUEL INTERNATIONAL GROWTH

After numerous market successes in the recent months, such as customer wins and
the strategic partnership with BearingPoint, Signifikant is now closing a
financing round with Spicehaus Partners as lead investor. In addition, some of
the existing investors have increased their financial commitment.

 read more
 
 


ECOO SECURES CHF 1 MILLION FOR ITS BLOCHAIN-BASED LOYALTY PROGRAMM

Zug based startup ecoo has signed a strategic investment agreement with several
partners enabling the startup to raise over CHF 1 million for its series A
financing round led by Eagle Venture Fund. The startup developed an app that
provides cities, municipalities, businesses and economic regions simple, secure
access to digital conditional payment systems.

 read more
 
 


SWITZERLAND INNOVATION TECH4IMPACT: SIX PROJECTS AWARDED CHF 85,000 EACH

More than 50 project teams responded to the second call for proposals launched
by Switzerland Innovation together with partners from the Swiss economy. The
topics addressed by the award-winning projects range from efficient energy
storage to biodegradable fast disposables and real time plant health
measurement.

 read more
 
 


SWISS STARTUP CAPITAL BECOMES SERPENTINE VENTURES

The Swiss Startup Group AG (SSUG) is re-branding its investment arm into
Serpentine Ventures. The company currently hosts 4 funds and has invested into
25 startups in the fields of Information and Communications Technology (ICT),
high tech as well as healthtech companies on a selective basis.

 Source
 
 


MININAVIDENT AG RECEIVES AN INVESTMENT BY STRAUMANN HOLDING AG AND ENTERS INTO A
BROAD DEVELOPMENT AND WORLD-WIDE DISTRIBUTION COOPERATION WITH STRAUM

mininavident AG today announced that the company has received an investment by
Straumann Holding AG to further develop and market its DENACAM system. DENACAM
is a miniaturized dynamic navigation system for dental implants which guides the
physician in real-time and 3D to the correct positioning of the implant – all
without the use of drill guides or freehand surgery, thereby enabling a fully
digital workflow.

 read more
 
 


FIRST COMPANIES BENEFIT FROM MAXIMON'S LONGEVITY CO-INVESTMENT FUND

The newly launched CHF 100 million Fund finances longevity-focussed start-ups
founded by Swiss company builder Maximon. The Fund’s first investments include
Zug based companies AVEA and Biolytica.

 read more
 
 


EIF VENTURE CAPITAL SURVEY 2021: MARKET SENTIMENT

The EIF VC Survey, the EIF Private Equity Mid-Market Survey, and the EIF
Business Angels Survey (the largest combined regular survey exercises among GPs
and Business Angels on a pan-European level) provide an opportunity to retrieve
unique market insights. This publication is based on the results of the 2021 EIF
VC Survey. The paper focuses on the market sentiment and the impact of COVID-19.
The study looks at the current situation, developments in the recent past and
expectations for the future. The main results are summarised and compared over
time. The publication provides a valuable picture of the developments and the
market situation in 2021 as well as an outlook for the near future.

 read more
 
 

   


PRIVATE EQUITY – SWISS NEWS

     


PARTNERS GROUP TO SELL PACIFIC BELLS

Private markets firm Partners Group, on behalf of its clients, is to sell
Pacific Bells, a franchisee of the Taco Bell brand in the US, to Orangewood
Partners, a long-term focused private investment firm. The terms of the
transaction have not been disclosed.

 read more
 
 


PUREOS BIOVENTURES INVESTS IN ACRIVON THERAPEUTICS

Pureos is happy to announce a new investment of Pureos Bioventures in Acrivon
Therapeutics Inc., a clinical-stage oncology therapeutics company with
proprietary technologies driving a new era of precision-based medicine. They
participated in an oversubscribed USD 100mn Series B round together with
blue-chip investors Wellington Management, Surveyor Capital, RA Capital,
Perceptive Advisors, HBM Healthcare Investments and additional co-investors. The
financing will support the clinical development of its advanced Phase 2 lead
asset prexasertib, a potent DNA Damage Response (DDR) inhibitor, in
platinum-resistant ovarian cancer and other solid cancers.

 read more
 
 


SIKA ÜBERNIMMT MBCC GROUP

Sika hat eine verbindliche Vereinbarung zur Übernahme der MBCC Group, das
ehemalige Bauchemiegeschäft der BASF-Gruppe (BASF Construction Chemicals), von
einer Tochtergesellschaft des globalen Private-Equity-Unternehmens Lone Star
Funds, unterzeichnet. Die Transaktion bewertet die MBCC Group mit CHF 5.5
Milliarden (EUR 5.2 Milliarden). Die MBCC Group ist ein weltweit führender
Anbieter von bauchemischen Produkten und Lösungen. Die Übernahme wird Sikas
Angebot in vier von fünf Kerntechnologien und sieben von acht Zielmärkten
ergänzen und erweitern sowie die geografische Präsenz des Unternehmens stärken.
Mit der Transaktion entsteht ein Schlüsselspieler für mehr Nachhaltigkeit.

 read more
 
 


KALT MASCHINENBAU AG AND STAEDLER AUTOMATION AG: TWO STRONG COMPANIES POOL THEIR
STRENGTHS AND EMBARK ON A SHARED FUTURE

The owners of Kalt Maschinenbau AG (“Kalt”) and staedler automation AG
(“staedler”) have agreed to collaborate in future. Kalt, a leading international
specialist in cheese, dairy and process technology, and staedler, a provider of
industrial automation solutions, want to pool their strengths and show a united
front to the market as a full-range provider in future, and thus accelerate the
growth path achieved in past years. The previous owners of staedler, Lukas
Städler and Thomas Fäh, will be shareholders of Kalt Group and strengthen the
management team at group level.

 read more
 
 


HBM HEALTHCARE INVESTMENTS BENEFITS FROM THE IPO OF PORTFOLIO COMPANY IO BIOTECH

IO Biotech (Nasdaq: IOBT), a so far privately held company in the HBM Healthcare
Investments portfolio, issued 7.15 million new shares at a price of USD 14.00
per share in last Friday's IPO on the US Nasdaq, raising USD 100 million in new
capital. On the first day of trading, the shares closed at USD 15.65 (+11.8%).

 read more
 
 


CAPITAL DYNAMICS CLEAN ENERGY INFRASTRUCTURE ERHÄLT AUCH 2021 VON GRESB EINE
AUSZEICHNUNG ALS SECTOR LEADER IM BEREICH ERNEUERBARE ENERGIEN

Capital Dynamics, ein unabhängiger globaler privater Vermögensverwalter, gab
heute bekannt, dass sein Geschäftsbereich Clean Energy Infrastructure ("CEI")
von GRESB, der führenden ESG-Benchmark für Immobilien- und
Infrastrukturinvestitionen weltweit, in mehreren Kategorien die höchste
Bewertung für ESG Leistungen erhalten hat. Capital Dynamics Clean Energy and
Infrastructure III LP ("CEI III"), der in Projekte für Erneuerbare Energien in
Europa investiert, erhielt ein 5-Sterne-Rating von GRESB und wurde als "Sector
Leader" für den Sektor Erneuerbare Energien ausgezeichnet. Darüber hinaus
belegte der Fonds den ersten Platz in den Kategorien Renewable Power, Renewable
Power Europe und Renewable Power Private Equity.

 * Medienmitteilung

 
 

   


PRIVATE EQUITY – INT. NEWS

     


JOIN US IN SUPPORTING THE EUROPE-WIDE SURVEY ON VENTURE CAPITAL AND PRIVATE
EQUITY 2022!

SECA is partnering with IPEM (the International Private Equity Market) for its
4th annual pan-European PE opinion survey to gauge the mood and outlook of
European private equity fund manager for 2022. This survey is conducted with the
support of 15 other national private equity associations across Europe (BVCA,
France Invest, BVK, BVA, ASCRI, AIFI, FVCA, NVCA, DVCA, SVCA, …). This
questionnaire is short and very easy to answer. The results of this unique
survey will be released and commented at IPEM 2022, next February 1/2/3. Thank
you very much for your time and your help.

 To answer to the questionnaire
 
 


INSIGHT PARTNERS AMASSES USD 20BN FOR LATEST MEGA-FUND HAUL

The software specialist Insight Partners has raised at least USD 8bn more than
its initial target for Fund XII, meaning the vehicle is already more than twice
the size of its 2019-vintage predecessor.


 
 


BETEILIGUNGSKAPITAL IM MITTELSTAND: STÄRKERES UMSATZWACHSTUM BEI
PORTFOLIOUNTERNEHMEN

Einen Beitrag zu einem besseren Verständnis über das Wirken von
Beteiligungskapital bei mittelständischen Unternehmen soll die vorliegende
Studie leisten. Sie gibt basierend auf der akademischen Expertise und
wissenschaftlichen Analysen des Instituts für Mittelstandsforschung (IfM) Bonn
einen Einblick in die Entwicklung von Unternehmen, die mit Beteiligungskapital
finanziert wurden, und vergleicht diese mit Unternehmen ohne
Beteiligungskapitalfinanzierung.

 Download the report
 
 


CALPERS LIFTS ITS REAL ASSET ALLOCATION

California Public Employees Retirement System (CalPERS) has issued commitments
worth USD 3.9bn in total to three of its infrastructure managers and plans to
lift its real assets allocation in the next fiscal year from 13% to 15%. The USD
496bn pension fund disclosed in a meeting document that it has approved a USD
2bn commitment to the Tower Bridge Infrastructure Partners, a partnership formed
in 2019 with a USD 777m portfolio value as of June 2020.

 read more
 
 


SEI ACQUIRES NOVUS PARTNERS

SEI has acquired Novus Partners (Novus), a global portfolio intelligence
platform company, designed to expand SEI’s capabilities for both the
institutional investor and investment management markets.

 read more
 
 


CVC FUND VIII AND HPS INVESTMENT PARTNERS TO ACQUIRE STAKES IN AUTHENTIC BRANDS
GROUP

Authentic Brands Group, a global brand development, marketing and entertainment
company, announces that funds advised by CVC Capital Partners and HPS Investment
Partners have signed definitive agreements to purchase significant equity stakes
in the company from certain current ABG shareholders. The transaction values the
company at $12.7 billion in enterprise value.

 read more
 
 


US GP INSIGHTS REPORT 2021

There's no doubt that the fallout from last year’s pandemic-related volatility
is continuing to impact the markets – but that doesn't always result in a
negative outlook. This report, which features some of the winners in the Private
Equity Wire US Awards, highlights how general partners (GPs) have adapted to a
host of new challenges during what looks like being a record a year for private
equity markets.

 Download the report
 
 


US FUND SERVICES INSIGHTS REPORT 2021

Private equity service providers have had a busy year as they move to meet
demand from fund management clients for new technology and increased services.
This report, featuring some of the winners in the service provider categories at
the Private Equity Wire US Awards 2021, details how service providers are
responding to evolving client requirements in a host of areas including data
provision, risk management, automation, cybersecurity, fund administration and
talent management.

 e-read
 
 


ADVENT INTERNATIONAL ACQUIRES LEADING SPECIALTY CHEMICALS SOLUTIONS PROVIDER
CALDIC FROM GOLDMAN SACHS ASSET MANAGEMENT

Advent International, one of the largest and most experienced global private
equity investors, today announced that it has reached conditional agreement with
Goldman Sachs Asset Management to acquire Caldic BV, a global premium provider
of value-added life sciences and specialty chemicals solutions with the ambition
to be a true partner to its customers and principals. Caldic will then merge
with Advent portfolio company Grupo Transmerquim S.A., one of the leading
chemical distributors in Latin America.

 read more
 
 


BUSINESS AS (UN)USUAL

Almost 20 months since the onset of the pandemic, economic activity and the
investment backdrop is anything but usual. Delta spread, shifting demand
dynamics and logistical glitches have elongated and broadened issues on the
supply side of the economy. Supply bottlenecks have contributed to growth
downgrades and major upside inflation surprises. For now, global activity is
expansionary, financial conditions are easy, the growth impulse from fiscal
spending is still positive and the private sector is sitting on a mountain of
excess savings – a highly unusual seat on the way out of a recession. But the
backdrop is shifting. A withdrawal of Covid-era easy policies is raising
questions about implications for the economy and financial assets – all the more
so given asset valuations are at the higher end of their historical range.
Overall, the near term environment has turned more challenging and we have moved
to a more cautious investment stance.

 Download the report
 
 


DACH PRIVATE CAPITAL BREAKDOWN

Private market activity in Europe’s DACH region has matched the dramatic surge
throughout Europe this year, with annual records reached in both private equity
and venture capital by the end of the third quarter. PitchBook's 2021 DACH
Private Capital Breakdown captures the biggest trends across PE and VC in a year
like no other, including data on deals, exits and fundraising through Q3.

 Download the report
 
 


INVESTOR KKR WILL TELECOM ITALIA FÜR ELF MILLIARDEN EURO ÜBERNEHMEN - TIM-AKTIE
HAUSSIERT

KKR biete 50,5 Eurocent je Anteil und wolle den Konzern letztlich von der Börse
nehmen, teilte das italienische Unternehmen nach einer ausserordentlichen
Vorstandssitzung in Rom mit. Das Kaufinteresse sei "nicht bindend und
indikativ", betonte die frühere Telecom Italia.

 Source
 
 


PLATINUM EQUITY ACQUIRES GLOBAL ENVIRONMENTAL SERVICES BUSINESS URBASER FROM
CHINA TIANYING FOR $4.2 BILLION

Platinum Equity announced that it has completed the acquisition of Urbaser, one
of the world’s largest providers of environmental services, from China Tianying
Inc. for an enterprise value of approximately $4.2 billion (€3.5 billion).

 read more
 
 


RENAISSANCE ANNOUNCES SIGNIFICANT GROWTH INVESTMENT FROM BLACKSTONE 

Renaissance®, a global leader in pre-K–12 educational technology, today
announced its entry into a definitive agreement for private equity funds managed
by Blackstone (NYSE:BX; “Blackstone”) to make a significant equity investment in
the Company alongside existing investors including Francisco Partners and TPG’s
The Rise Fund. Francisco Partners, a leading global investment firm that
specializes in partnering with technology businesses, acquired the Company in
2018 and will remain a major shareholder. Blackstone’s investment will be made
through its flagship private equity vehicle.

 read more
 
 


VIMEO TO ACQUIRE WIREWAX AND WIBBITZ, FURTHER EXPANDING ITS VIDEO SOFTWARE
SOLUTION FOR THE ENTERPRISE

Vimeo, the world's leading all-in-one video software solution, today announced
agreements to acquire WIREWAX, a leader in interactive and shoppable video, and
Wibbitz, a leading enterprise video creation suite. The two companies bring
proprietary technology and products to Vimeo's all-in-one video solution,
extending its position as the professional video software solution for any
business.

 read more
 
 


FRANKLIN TEMPLETON TO BUY LEXINGTON PARTNERS FOR $1.75 BLN AS PART OF
SECONDARIES PUSH

Franklin Templeton agreed to buy investment firm Lexington Partners, which is
known for acquiring secondary stakes in private equity funds, for $1.75 billion
in cash.

 Source
 
 


HYATT COMPLETED THE ACQUISITION OF APPLE LEISURE GROUP FROM KKR AND KSL CAPITAL
FOR $2.7BN

Hyatt, a hospitality company, completed the acquisition of Apple Leisure Group,
an American travel and hospitality conglomerate, from KKR and KSL Capital, a
private equity firm specializing in travel and leisure enterprises, for $2.7bn.

 read more
 
 


EQT INFRASTRUCTURE V HOLDS FINAL CLOSE 

The EQT Infrastructure V fund holds final close at EUR 15.7 billion in
fee-generating assets under management, fortifying EQT’s position as one of the
leading infrastructure investors globally. Strong demand from a
well-diversified, global group of existing and new investors, with a 99 percent
re-up rate from the predecessor fund based on committed capital and 68 percent
based on the number of investors.

 read more
 
 


TECHNOLOGY REPORT 2021

This report was prepared by David Crawford, leader of Bain & Company’s Global
Technology practice, and a team led by Dana Aulanier, practice director with the
Technology practice.

 download the report
 
 


LUXEMBOURG REPORT 2021

In a challenging time for all aspects of financial services, Luxembourg -
Europe’s largest fund domicile - is determined to leverage all emerging
opportunities and mitigate any accompanying risks.

 read more
 
 

   


CORPORATE FINANCE

     


IPO-NEWSLETTER Q3 2021

Im dritten Quartal 2021 schloss der SPI erstmals seit über einem Jahr mit einem
Minus von 2.0% unter dem Schlusskurs des Vorquartals. Der SPI notierte per Ende
September 2021 aber immer noch rund 12.9% höher als der letzte Stand des Jahres
2020. Nach einer Phase von ausgeprägtem wirtschaftlichen Aufschwung hat das
Wachstum in letzter Zeit etwas an Dynamik eingebüsst. Die globale IPO-Aktivität
blieb indes unverändert hoch: In Europa betrug das Emissionsvolumen bei über 115
Börsengängen rund EUR 14 Mrd. und in Nordamerika liessen über 210 Börsengänge
das Emissionsvolumen im Jahr 2021 um EUR 45 Mrd. ansteigen.

Mit der von Sulzer abgespaltenen medmix kam es Ende des dritten Quartals zu
einem weiteren Neuzugang an der SIX Swiss Exchange. Das kürzlich lancierte neue
SIX Sparks Segment für KMUs dürfte die Rahmenbedingungen für Schweizer
IPO-Kandidaten weiter verbessern und einen effizienten Zugang zum Kapitalmarkt
sicherstellen. Angesichts des sich langsam schliessenden IPO-Fensters bleibt
aber offen, ob es in diesem Jahr nebst dem IPO von Skan zu weiteren Neuzugängen
an der Schweizer Börse kommen wird.

 * ZKB IPO Newsletter Q3 2021

 
 


KOTIERUNG UND HANDEL VON SPECIAL PURPOSE ACQUISITION COMPANIES (SPACS) IN DER
SCHWEIZ NUN MÖGLICH

Ab 6. Dezember 2021 können SPACs an der SIX Swiss Exchange kotiert und gehandelt
werden. Die Genehmigung aller zuständigen Behörden wurde erteilt. Der neue
Kotierungsstandard für SPACs ist auf die besonderen Eigenschaften dieser Vehikel
zugeschnitten und weist gleichzeitig einen angemessenen Grad an Anlegerschutz
auf.

 read more
 
 


KRISEN- UND ESG-MANAGEMENT BEI PORTFOLIO-UNTERNEHMEN

Corona und der damit verbundene wirtschaftliche Stillstand in vielen Branchen
hat Mittelständler massiv gefordert – und die Folgen der Pandemie dauern an.
Aber gerade Phasen mit disruptiver Dynamik bieten enorme Chancen für jene
Investoren, die über Erfahrung in Sondersituationen verfügen und die damit
verbundenen Herausforderungen meistern können. Dabei spielt es keine Rolle, ob
es sich um eine epochale Krise, tiefgreifende Transformationen oder auch
Umbrüche in der Regulierung – Stichwort: ESG – handelt. Dazu 3 Fragen an Dr.
Holger Kleingarn, Managing Director und Head of Germany bei H.I.G. Capital.

 read more
 
 


WINEUS ADVISED AVOBIS GROUP AG AS ADVISER ON THE ACQUISITION OF RIMAPLAN AG AND
CENTERIO AG

Avobis GROUP AG, a technology-based real estate service provider, has extended
its service offering in the fields of real estate development and commercial
property management by acquiring RIMAPLAN AG and Centerio AG.

 read more
 
 


PHILIPPE A. NAEGELI ZU AMC-PLATTFORMEN

GenTwo errichtet (AMC-)Verbriefungsplattformen für Banken, Asset Manager, Family
Offices oder auch Venture-Capital-Investoren. Die nutzen sie als moderne
Emissionslösung, um Anlageprodukte mit Schweizer ISIN auf jegliche Art von
Vermögenswerten im Markt zu lancieren. Das Ganze funktioniert ausserbilanziell
ohne die Einbindung einer emittierenden Bank. Mehr dazu im nachfolgenden
Interview.

 read more
 
 


RESPONSIBLE INVESTMENT BRAND INDEX 2021™ 

Schweizer Asset Manager müssen ihre Rolle beim Aufbau einer sichereren und
gerechteren Zukunft betonen. Der Hirschel & Kramer Responsible Investment Brand
Index (RIBI™) bewertet die Vermögensverwaltungs- Branche nach ihrer Fähigkeit,
ihr Engagement für eine nachhaltige Entwicklung in den Markenkern der einzelnen
Vermögensverwalter zu übertragen, und bietet damit einzigartige Einblicke in die
Branche.

 read more
 
 

   


MERGERS & ACQUISITIONS

     


ACCOR KAUFT SICH IM LIFESTYLE EIN

Ennismore mit 25hours und Mama Shelter gehört jetzt mehrheitlich dem
französischen Hotelkonzern. Der französische Hotelkonzern Accor und das
britische Hospitality-Unternehmen Ennismore haben ihre angekündigte Fusion
vollzogen. Die neu formierte Lifestyle-Einheit wird weiterhin Ennismore heissen
und soll das grösste und am schnellsten wachsende Hospitality-Unternehmen dieser
Art werden, teilen die Unternehmen mit.

 read more
 
 

   


MANAGEMENT BUYOUT

     


NACHFOLGEPARTNER BETEILIGT SICH AN CHROMEDIA

Gemeinsam mit dem Management und Mitgesellschaftern wird «Nachfolgepartner»
(Alex Brennwald & Fabian Gerschwiler) die Firma Chromedia in den nächsten
Wachstumsschritten begleiten. Chromedia ist eine international tätige B2B- und
B2C-Agentur und fokussiert auf Digital-, Dialogmarketing und CRM.

 read more
 
 

   


BOOK OF THE WEEK

     


NACHHALTIGE ANLAGEN: ERSTE FONDS GEHEN MIT KLIMASTRATEGIEN AN DEN START

Die Vermögen nachhaltiger Publikumsfonds haben sich in der Schweiz über die
letzten zwölf Monate mehr als verdoppelt. 775 Milliarden Franken sind 2021 in
solche Anlagen investiert. Einige dieser Fonds nutzen neuerdings auch
Klimastrategien. Strategien zur Steuerung von Klimarisiken sind höchst
anspruchsvoll und stellen für Fondsanbieter Neuland dar, das zeigt die neueste
Sustainable-Investments-Studie der Hochschule Luzern.

 read more
 
 


EIZ PUBLISHING: JAHRBUCH WIRTSCHAFTSRECHT | INNOVATION UND DISRUPTION

Der vorliegende 16. Band der Jahrbuchreihe „Wirtschaftsrecht Schweiz – EU“
dokumentiert die aktuellen Entwicklungen in zentralen Bereichen des
EU-Wirtschaftsrechts. Berücksichtigt werden insbesondere die Gebiete
Kapitalmarktrecht, Immaterialgüterrecht, Arbeitsrecht, Steuerrecht und
Wettbewerbsrecht. Experten diskutieren jeweils die Relevanz für die Schweiz
sowie die korrespondierenden Entwicklungen im schweizerischen Recht. Das
Jahrbuch richtet sich vor allem an Unternehmens-, Wirtschafts- und
Verwaltungsjuristen sowie an Richter und Rechtsanwälte und bietet ihnen einen
kompakten Überblick über die wichtigsten Gesetzgebungsvorstösse, neue
Rechtsakte und ergangene Urteile im vergangenen Jahr 2020.

 read more
 
 

   


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 info@seca.ch.

 * for SECA Full Members
   free of charge
 * for SECA Associate and Individual Members
   CHF 100.- / 2 editions
 * for Non-Members CHF 200.- / 2 Weeks


 
 

   


AGENDA

     


UPCOMING SECA EVENTS - SAVE THE DATE

 * SECA Webinar: Changing Dynamics in Private Equity Demand, Wednesday, 1
   December 2021, 11am, online

 * SECA Webinar: Robotics
   Tuesday, 14 December 2021, 11am, online

 * SECA Formations en ligne sur le private equity (f)
   Sept modules - Start Mercredi 2 Février 2022
   Tout savoir sur le private equity / Due diligences financières /
   Valorisation des entreprises / Convention d'actionnaires / Management package
   / Lever un fonds de private equity : théorie et pratique / Private equity
   pour le middle & back office

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

 weitere Informationen und Anmeldung
 
 


CPEA - CERTIFIED PRIVATE EQUITY ANALYS

In Zusammenarbeit mit dem Bundesverband Deutscher
Kapital-beteiligungsgesellschaften (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.

 weitere Informationen
 
 


DEUTSCHES EIGENKAPITALFORUM

22 – 24 November 2021, online

Since 1996, the Deutsches Eigenkapitalforum has established itself as Europe's
largest capital market conference and has become a well-known name among
industry experts. About 2,000 participants from a broad and international
financial audience are expected. On three days, more than 200 companies from all
sectors will present themselves to institutional investors and analysts. Both
parties use this opportunity to enter into an active dialogue with each other,
getting into more details in personal 1-on-1 meetings. The company presentations
and 1-on-1 meetings will be accompanied by an interesting forum programme on
current capital market topics.

 more information and registration
 
 


INVESTOR SUMMIT LIECHTENSTEIN 2021

30. November 2021, Schaan, Liechtenstein

Der Investor Summit Liechtenstein vernetzt seit über zehn Jahren Investoren und
Entscheidungsträger mit innovativen Startups und Wachstumsunternehmen.

 more information and registration
 
 


NOAH CONFERENCE 2021

6 & 7 Dezember 2021, The Circle Convention Centre, Zurich

NOAH Conference aims to be a digital and physical collaboration platform for
over 67 stakeholder groups to bring sustainable and measurable impact to the
World. The fully hybrid event will continue the 12 year long journey of NOAH to
connect the smart capital with the most exciting startups.

 * You can take a closer look at the 2 days program here.
 * Further information and registration here.


 
 


IPEM 2022

1-3 February 2022, Palais des Festivals de Cannes, France

In only 6 years, IPEM has become the benchmark of Private Capital events. Its
unique and surprising “PE meets tradeshow” format has won its fame for being a
dynamic, easy and effective business congress. IPEM has grown to an
international event of 3,200 top-quality participants, while keeping the heart
and soul of an intimate and relaxed gathering of all private markets.
Join the Private Capital ecosystem in Cannes and discover why IPEM is so much
MORE than a conference.

As IPEM partner, SECA members receive a special discount::
1,774€ (save 416€) from October 16th to December 17th included

 more information and registration
 
 


FACHKURS SUSTAINABLE FINANCE

ab 31. März 2022, Hochschule Luzern - Wirtschaft, IFZ, Rotkreuz

Im kompakten und praxisorientierten Fachkurs erlangen Sie ein fundiertes
Grundwissen zum Thema Sustainable Finance in der Schweiz und bauen Ihre
Fachkompetenzen im Bereich Nachhaltigkeit aus.

 weitere Informationen und Anmeldung
 
 

   


EDITOR

     


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 4'000 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.


 
 

   

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