SEE WHATS NOTEWORTHY IN PRIVATE EQUITY THIS WEEK /// ISSUE 129 - February 21st, 2014:
- Sequoia Knows What’sApp When It Comes to Finding the Exit
- Billions Paid for Growing Healthcare Service Provider
- M&A EMEA Trends 2013
- This Year’s Biggest Challenges for PE Players
- Quote of the Week: Big Data Meets Business Loans
DealMarket Digest Issue116 - 8th November 2013Urs Haeusler
- PE Eyes Multi-billion Investment in German-owned Oil & Gas Unit
- New Study Reveals Emerging PE Trends and a Major Shift
- PE Outperformance: Insight into Returns at Top US Pension Funds
- Insurance Industry M&A Trends Downwards: A Global Multi Year View
- PE Industry Sees Recovery But Increasing Competition
- Quote of the Week: Seismic Strategy Shifts
“Report of the 2nd ReSAKSS Continental Steering Committee Meeting,” Presented by Sam Benin, ReSAKSS-AW Program Leader, IFPRI, at the 7th CAADP PP Business Meeting, Hilton Hotel, Yaoundé, Cameroon. 25 March 2011.
SEE WHATS NOTEWORTHY IN PRIVATE EQUITY THIS WEEK /// ISSUE 153 - Sept 12th, 2014:
- VC’s Appetite Leaves Silicon Innovators Scrabbling for Cash
- Family Office Invests in Harvard’s School of Public Health
- Record-Breaking Selling: US PE
- Billion Euro Reha Clinic Buyout
- China’s Largest PE Deal in a Resurging Market
- Quote of the Week: Angels are Everywhere
DealMarket Digest Issue 146 - 20 June 2014Urs Haeusler
This document summarizes recent private equity deals and trends from around the world:
- TPG is leading a consortium including PAG Asia Capital and Ontario Teachers' Pension Plan in a $1.15 billion buyout of a property unit from Australian engineering firm UGL.
- European buyout deals are at their lowest level since 2009, though bolt-on acquisitions that help companies expand are increasing.
- India and Singapore are home to the largest proportion of Asia-Pacific based family offices that invest in private equity funds.
- China is seeing record-high buyout volumes in 2014, with $6.8 billion year-to-date across 30 deals, driven by real estate
DealMarket Digest Issue143 - 30 May 2014Urs Haeusler
SEE WHATS NOTEWORTHY IN PRIVATE EQUITY THIS WEEK /// ISSUE 143 - May 30, 2014:
- Eye the Transaction Alpha for Team Selection
- PE-Backed IPOs Hit a High
- Family Offices Deepen Direct Investing Activity
- Accor Announces Billion Dollar Hotels Buyout
- The Show Me the Money Ratio
- Quote of the Week: Good Stewards
DealMarket Digest Issue 140 - 9th May 2014Urs Haeusler
This document provides a summary of recent news and deals in the private equity industry:
- M&A activity in the Middle East increased in Q1 2014, with the top deal being a $700 million acquisition in Qatar. Foreign investment in the region also significantly increased.
- German fire safety company Minimax is being sold to private equity firms in a potential $1.8 billion deal.
- Large tech companies like Yahoo and Google led the US in M&A deals in 2013, paying high multiples for acquisitions in their pursuit of technology dominance.
- Sovereign wealth funds and family offices have increasingly been investing directly in the European venture capital market in large deals.
- Fundraising
DealMarket Digest Issue137 - 17 April 2014Urs Haeusler
SEE WHATS NOTEWORTHY IN PRIVATE EQUITY THIS WEEK /// ISSUE 137 - April 17th, 2014:
- Cravings for Direct Co-Investment Still Strong
- Narrow Niches and Big Returns
- Australian PE Backed IPOs Outperform
- The Traits of Family Wealth Managers That Make Money…. and Lose it
- CEOs Get M&A Fever Again
- Quote of the Week: Betting on Justice
DealMarket Digest Issue136 - 11 April 2014Urs Haeusler
SEE WHATS NOTEWORTHY IN PRIVATE EQUITY THIS WEEK /// ISSUE 136 - April 11th, 2014:
- Billion Dollar Deal for Goldman Sachs’ Private Equity
- More Capital for Fewer Ventures This Year-to-Date
- Singapore’s Temasek Expands
- Sellers’ Market: Private Equity’s Distributions Jump in 2013
- PE Performance Improves Outside the US But Still Below Public Markets
- Quote of the Week: Contrarian Views
DealMarket Digest Issue116 - 8th November 2013Urs Haeusler
- PE Eyes Multi-billion Investment in German-owned Oil & Gas Unit
- New Study Reveals Emerging PE Trends and a Major Shift
- PE Outperformance: Insight into Returns at Top US Pension Funds
- Insurance Industry M&A Trends Downwards: A Global Multi Year View
- PE Industry Sees Recovery But Increasing Competition
- Quote of the Week: Seismic Strategy Shifts
“Report of the 2nd ReSAKSS Continental Steering Committee Meeting,” Presented by Sam Benin, ReSAKSS-AW Program Leader, IFPRI, at the 7th CAADP PP Business Meeting, Hilton Hotel, Yaoundé, Cameroon. 25 March 2011.
SEE WHATS NOTEWORTHY IN PRIVATE EQUITY THIS WEEK /// ISSUE 153 - Sept 12th, 2014:
- VC’s Appetite Leaves Silicon Innovators Scrabbling for Cash
- Family Office Invests in Harvard’s School of Public Health
- Record-Breaking Selling: US PE
- Billion Euro Reha Clinic Buyout
- China’s Largest PE Deal in a Resurging Market
- Quote of the Week: Angels are Everywhere
DealMarket Digest Issue 146 - 20 June 2014Urs Haeusler
This document summarizes recent private equity deals and trends from around the world:
- TPG is leading a consortium including PAG Asia Capital and Ontario Teachers' Pension Plan in a $1.15 billion buyout of a property unit from Australian engineering firm UGL.
- European buyout deals are at their lowest level since 2009, though bolt-on acquisitions that help companies expand are increasing.
- India and Singapore are home to the largest proportion of Asia-Pacific based family offices that invest in private equity funds.
- China is seeing record-high buyout volumes in 2014, with $6.8 billion year-to-date across 30 deals, driven by real estate
DealMarket Digest Issue143 - 30 May 2014Urs Haeusler
SEE WHATS NOTEWORTHY IN PRIVATE EQUITY THIS WEEK /// ISSUE 143 - May 30, 2014:
- Eye the Transaction Alpha for Team Selection
- PE-Backed IPOs Hit a High
- Family Offices Deepen Direct Investing Activity
- Accor Announces Billion Dollar Hotels Buyout
- The Show Me the Money Ratio
- Quote of the Week: Good Stewards
DealMarket Digest Issue 140 - 9th May 2014Urs Haeusler
This document provides a summary of recent news and deals in the private equity industry:
- M&A activity in the Middle East increased in Q1 2014, with the top deal being a $700 million acquisition in Qatar. Foreign investment in the region also significantly increased.
- German fire safety company Minimax is being sold to private equity firms in a potential $1.8 billion deal.
- Large tech companies like Yahoo and Google led the US in M&A deals in 2013, paying high multiples for acquisitions in their pursuit of technology dominance.
- Sovereign wealth funds and family offices have increasingly been investing directly in the European venture capital market in large deals.
- Fundraising
DealMarket Digest Issue137 - 17 April 2014Urs Haeusler
SEE WHATS NOTEWORTHY IN PRIVATE EQUITY THIS WEEK /// ISSUE 137 - April 17th, 2014:
- Cravings for Direct Co-Investment Still Strong
- Narrow Niches and Big Returns
- Australian PE Backed IPOs Outperform
- The Traits of Family Wealth Managers That Make Money…. and Lose it
- CEOs Get M&A Fever Again
- Quote of the Week: Betting on Justice
DealMarket Digest Issue136 - 11 April 2014Urs Haeusler
SEE WHATS NOTEWORTHY IN PRIVATE EQUITY THIS WEEK /// ISSUE 136 - April 11th, 2014:
- Billion Dollar Deal for Goldman Sachs’ Private Equity
- More Capital for Fewer Ventures This Year-to-Date
- Singapore’s Temasek Expands
- Sellers’ Market: Private Equity’s Distributions Jump in 2013
- PE Performance Improves Outside the US But Still Below Public Markets
- Quote of the Week: Contrarian Views
DealMarket Digest Issue 132 - 14 March 2014Urs Haeusler
SEE WHATS NOTEWORTHY IN PRIVATE EQUITY THIS WEEK /// ISSUE 132 - March 14th, 2014:
- Five Traits of Blockbuster PE Exits
- Fund of Funds Still in the Game, But Pressure is on Performance
- More Women Active in Private Equity
- PE Firms Seek Manufacturing Company Buyout
- M&A Healthcare Deals Grow in More Ways Than One
- Quote of the Week: Not So Dumb Money and VC Evolution
DealMarket Digest Issue 131 - 7 March 2014Urs Haeusler
SEE WHATS NOTEWORTHY IN PRIVATE EQUITY THIS WEEK /// ISSUE 131 - March 7th, 2014:
- How New European Rules Affect Private Equity Teams
- PE outlook for Europe
- EY’s Top 10 VC Dealmakers Worldwide
- Global Telecom M&A Hits 13 Year High
- PE Drives Robust Returns for Ontario Pension Fund
- Quote of the Week: Venture Capital? Make Way for Geek Guilds
DealMarket Digest Issue130 - 28 February 2014Urs Haeusler
SEE WHATS NOTEWORTHY IN PRIVATE EQUITY THIS WEEK /// ISSUE 130 - February 28th, 2014:
- PE Shuns Pricey Buyouts; Seeks Alternative Strategies
- Southern Europe Back on the PE Radar
- Non-bank Lenders to Boost Buyout M&A Activity
- PE Execs Making Top Dollar on Wall Street
- Global IPOs Float Private Equity’s Boat
- Quote of the Week: IMF Chief Gives Her Savvy View on Tech Impact
DealMarket Digest Issue128 - 14th February 2014Urs Haeusler
SEE WHATS NOTEWORTHY IN PRIVATE EQUITY THIS WEEK /// ISSUE 128 - February 14th, 2014:
• New Source for Private Equity Performance Data and Analysis
• Large Buyout to Grow French Car Park Specialist
• New Mega-Funds May Have Trouble Finding Mega Targets
• Global M&A Stats Show Private Equity is Finding the Exit
• Cleantech Investment Declines Again in 2013
• Quote of the Week: Bitcoin Anomaly
DealMarket Digest Issue117 - 14th November 2013Urs Haeusler
November 15, 2013 - Issue 117
- Cautious Optimism for MENA Dealmaking
- Growth in Multi-Trillion Sovereign Wealth Fund Assets Could Boost PE
- Shoes, Handbags & Mascara: Private Equity’s High Fashion Passion
- Smart Money Monitors Private Equity Costs
- Sustained Recovery Predicted for Global M&A
- Quote of the Week: Outperformance – Algorithms versus Humans
DealMarket Digest Issue 113 - 18th October 2013Urs Haeusler
The weekly Dealmarket Digest provides a concise summary of private equity news and trends from various sources. This issue discusses American family offices increasing direct investments in private equity deals, advice for working with private equity investors, Warburg Pincus raising funds focused on energy deals, private equity moving into mining industry deals, and a family office stepping up venture capital investments.
DealMarket Digest Issue111 - 4th October 2013Urs Haeusler
SEE WHATS NOTEWORTHY IN PRIVATE EQUITY THIS WEEK /// ISSUE 111 - October 4th, 2013:
- Venture Capital in Europe Rebounds Ahead of US
- Buyouts Are up 19% This Year To-Date
- Europe’s Hottest Tech Startup You’ve Never Heard Of
- Mega-buyout for Blackstone Hotel Investment
- Family Offices’ Growing Role in Silicon Valley
- Choosing a Private Equity Partner - The Investors View
DealMarket Digest Issue 107 - 6 September 2013Urs Haeusler
The document provides a summary of recent private equity deal and M&A activity from several sources. Despite some high-profile deals, overall exit activity and M&A volumes are down compared to previous years according to Unquote and Zephyr data. However, private equity deals are creating a record year for investment banks in fees. Crowdfunding is growing through increasing specialization and international expansion. Turkey continues strong deal activity despite political issues. European venture capital had a strong month and is growing faster than the US market currently.
DealMarket Digest Issue91 - 19th April 2013Urs Haeusler
SEE WHAT’S NEW AND NOTEWORTHY IN PRIVATE EQUITY THIS WEEK /// ISSUE 91 - April 19, 2013
- New Study: What Happens When Deals are Leaked
- Investment in Clean Energy Trends
- Good News for US Startups: Angel Investment Stabilizes
- PE to Push European M&A Deal making in 2013
- Candle Company Attracts Buyout Offers of up to USD 2 billion
- Quote of the Week: Personal Flight
DealMarket Digest Issue86 - 8th March 2013Urs Haeusler
SEE WHAT’S NEW AND NOTEWORTHY IN PRIVATE EQUITY THIS WEEK /// ISSUE 86 - 8th March 2013:
- Mutual Attraction: Family Offices and PE Fundraisers
- Survey Finds Investor Appetite for Big Buyout Funds
- PE Investors Eye Ista for $3.9 bn
- Doubts Linger About IPO as Exit in Europe
- Investments on the Rise in Latin America
- Quote of the Week: Sales Booster
DealMarket Digest Issue85 - 1st March 2013Urs Haeusler
SEE WHAT’S NEW AND NOTEWORTHY IN PRIVATE EQUITY THIS WEEK /// ISSUE 85 - 1st March 2013:
- Remarkable - PE Performance during the Financial Crisis
- IPO Positive: Institutional Investors
- Canada's Blowout Year for PE
- Heinz Buyout is a PE Mega-deal
- Is the Mega Buyout Back?
- Quote of the Week: PE’s Reputation Risk
DealMarket Digest Issue 84 - 21st February 2013Urs Haeusler
SEE WHAT’S NEW AND NOTEWORTHY IN PRIVATE EQUITY THIS WEEK /// ISSUE 84 - 21st February 2013:
- Remarkable - PE Performance during the Financial Crisis
- IPO Positive: Institutional Investors
- Canada's Blowout Year for PE
- Heinz Buyout is a PE Mega-deal
- Is the Mega Buyout Back?
- Quote of the Week: PE’s Reputation Risk
DealMarket Digest Issue 83 - 15th February 2013Urs Haeusler
SEE WHAT’S NEW AND NOTEWORTHY IN PRIVATE EQUITY THIS WEEK /// ISSUE 83 - 15th February 2013:
• Corporate Venture Grows in Importance
• Cleantech Predictions 2013
• Global Warming in Secondaries Market
• Taking a Little Private Time
• A Ten Billion Pound Telecoms Buyout in the UK?
• Highs and Lows for PE in Emerging Markets
• Quote of the Week: The Wine Industry Indicator
13 Jun 24 ILC Retirement Income Summit - slides.pptxILC- UK
ILC's Retirement Income Summit was hosted by M&G and supported by Canada Life. The event brought together key policymakers, influencers and experts to help identify policy priorities for the next Government and ensure more of us have access to a decent income in retirement.
Contributors included:
Jo Blanden, Professor in Economics, University of Surrey
Clive Bolton, CEO, Life Insurance M&G Plc
Jim Boyd, CEO, Equity Release Council
Molly Broome, Economist, Resolution Foundation
Nida Broughton, Co-Director of Economic Policy, Behavioural Insights Team
Jonathan Cribb, Associate Director and Head of Retirement, Savings, and Ageing, Institute for Fiscal Studies
Joanna Elson CBE, Chief Executive Officer, Independent Age
Tom Evans, Managing Director of Retirement, Canada Life
Steve Groves, Chair, Key Retirement Group
Tish Hanifan, Founder and Joint Chair of the Society of Later life Advisers
Sue Lewis, ILC Trustee
Siobhan Lough, Senior Consultant, Hymans Robertson
Mick McAteer, Co-Director, The Financial Inclusion Centre
Stuart McDonald MBE, Head of Longevity and Democratic Insights, LCP
Anusha Mittal, Managing Director, Individual Life and Pensions, M&G Life
Shelley Morris, Senior Project Manager, Living Pension, Living Wage Foundation
Sarah O'Grady, Journalist
Will Sherlock, Head of External Relations, M&G Plc
Daniela Silcock, Head of Policy Research, Pensions Policy Institute
David Sinclair, Chief Executive, ILC
Jordi Skilbeck, Senior Policy Advisor, Pensions and Lifetime Savings Association
Rt Hon Sir Stephen Timms, former Chair, Work & Pensions Committee
Nigel Waterson, ILC Trustee
Jackie Wells, Strategy and Policy Consultant, ILC Strategic Advisory Board
KYC Compliance: A Cornerstone of Global Crypto Regulatory FrameworksAny kyc Account
This presentation explores the pivotal role of KYC compliance in shaping and enforcing global regulations within the dynamic landscape of cryptocurrencies. Dive into the intricate connection between KYC practices and the evolving legal frameworks governing the crypto industry.
5 Compelling Reasons to Invest in Cryptocurrency NowDaniel
In recent years, cryptocurrencies have emerged as more than just a niche fascination; they have become a transformative force in global finance and technology. Initially propelled by the enigmatic Bitcoin, cryptocurrencies have evolved into a diverse ecosystem of digital assets with the potential to reshape how we perceive and interact with money.
PFMS, India's Public Financial Management System, revolutionizes fund tracking and distribution, ensuring transparency and efficiency. It enables real-time monitoring, direct benefit transfers, and comprehensive reporting, significantly improving financial management and reducing fraud across government schemes.
DealMarket Digest Issue 132 - 14 March 2014Urs Haeusler
SEE WHATS NOTEWORTHY IN PRIVATE EQUITY THIS WEEK /// ISSUE 132 - March 14th, 2014:
- Five Traits of Blockbuster PE Exits
- Fund of Funds Still in the Game, But Pressure is on Performance
- More Women Active in Private Equity
- PE Firms Seek Manufacturing Company Buyout
- M&A Healthcare Deals Grow in More Ways Than One
- Quote of the Week: Not So Dumb Money and VC Evolution
DealMarket Digest Issue 131 - 7 March 2014Urs Haeusler
SEE WHATS NOTEWORTHY IN PRIVATE EQUITY THIS WEEK /// ISSUE 131 - March 7th, 2014:
- How New European Rules Affect Private Equity Teams
- PE outlook for Europe
- EY’s Top 10 VC Dealmakers Worldwide
- Global Telecom M&A Hits 13 Year High
- PE Drives Robust Returns for Ontario Pension Fund
- Quote of the Week: Venture Capital? Make Way for Geek Guilds
DealMarket Digest Issue130 - 28 February 2014Urs Haeusler
SEE WHATS NOTEWORTHY IN PRIVATE EQUITY THIS WEEK /// ISSUE 130 - February 28th, 2014:
- PE Shuns Pricey Buyouts; Seeks Alternative Strategies
- Southern Europe Back on the PE Radar
- Non-bank Lenders to Boost Buyout M&A Activity
- PE Execs Making Top Dollar on Wall Street
- Global IPOs Float Private Equity’s Boat
- Quote of the Week: IMF Chief Gives Her Savvy View on Tech Impact
DealMarket Digest Issue128 - 14th February 2014Urs Haeusler
SEE WHATS NOTEWORTHY IN PRIVATE EQUITY THIS WEEK /// ISSUE 128 - February 14th, 2014:
• New Source for Private Equity Performance Data and Analysis
• Large Buyout to Grow French Car Park Specialist
• New Mega-Funds May Have Trouble Finding Mega Targets
• Global M&A Stats Show Private Equity is Finding the Exit
• Cleantech Investment Declines Again in 2013
• Quote of the Week: Bitcoin Anomaly
DealMarket Digest Issue117 - 14th November 2013Urs Haeusler
November 15, 2013 - Issue 117
- Cautious Optimism for MENA Dealmaking
- Growth in Multi-Trillion Sovereign Wealth Fund Assets Could Boost PE
- Shoes, Handbags & Mascara: Private Equity’s High Fashion Passion
- Smart Money Monitors Private Equity Costs
- Sustained Recovery Predicted for Global M&A
- Quote of the Week: Outperformance – Algorithms versus Humans
DealMarket Digest Issue 113 - 18th October 2013Urs Haeusler
The weekly Dealmarket Digest provides a concise summary of private equity news and trends from various sources. This issue discusses American family offices increasing direct investments in private equity deals, advice for working with private equity investors, Warburg Pincus raising funds focused on energy deals, private equity moving into mining industry deals, and a family office stepping up venture capital investments.
DealMarket Digest Issue111 - 4th October 2013Urs Haeusler
SEE WHATS NOTEWORTHY IN PRIVATE EQUITY THIS WEEK /// ISSUE 111 - October 4th, 2013:
- Venture Capital in Europe Rebounds Ahead of US
- Buyouts Are up 19% This Year To-Date
- Europe’s Hottest Tech Startup You’ve Never Heard Of
- Mega-buyout for Blackstone Hotel Investment
- Family Offices’ Growing Role in Silicon Valley
- Choosing a Private Equity Partner - The Investors View
DealMarket Digest Issue 107 - 6 September 2013Urs Haeusler
The document provides a summary of recent private equity deal and M&A activity from several sources. Despite some high-profile deals, overall exit activity and M&A volumes are down compared to previous years according to Unquote and Zephyr data. However, private equity deals are creating a record year for investment banks in fees. Crowdfunding is growing through increasing specialization and international expansion. Turkey continues strong deal activity despite political issues. European venture capital had a strong month and is growing faster than the US market currently.
DealMarket Digest Issue91 - 19th April 2013Urs Haeusler
SEE WHAT’S NEW AND NOTEWORTHY IN PRIVATE EQUITY THIS WEEK /// ISSUE 91 - April 19, 2013
- New Study: What Happens When Deals are Leaked
- Investment in Clean Energy Trends
- Good News for US Startups: Angel Investment Stabilizes
- PE to Push European M&A Deal making in 2013
- Candle Company Attracts Buyout Offers of up to USD 2 billion
- Quote of the Week: Personal Flight
DealMarket Digest Issue86 - 8th March 2013Urs Haeusler
SEE WHAT’S NEW AND NOTEWORTHY IN PRIVATE EQUITY THIS WEEK /// ISSUE 86 - 8th March 2013:
- Mutual Attraction: Family Offices and PE Fundraisers
- Survey Finds Investor Appetite for Big Buyout Funds
- PE Investors Eye Ista for $3.9 bn
- Doubts Linger About IPO as Exit in Europe
- Investments on the Rise in Latin America
- Quote of the Week: Sales Booster
DealMarket Digest Issue85 - 1st March 2013Urs Haeusler
SEE WHAT’S NEW AND NOTEWORTHY IN PRIVATE EQUITY THIS WEEK /// ISSUE 85 - 1st March 2013:
- Remarkable - PE Performance during the Financial Crisis
- IPO Positive: Institutional Investors
- Canada's Blowout Year for PE
- Heinz Buyout is a PE Mega-deal
- Is the Mega Buyout Back?
- Quote of the Week: PE’s Reputation Risk
DealMarket Digest Issue 84 - 21st February 2013Urs Haeusler
SEE WHAT’S NEW AND NOTEWORTHY IN PRIVATE EQUITY THIS WEEK /// ISSUE 84 - 21st February 2013:
- Remarkable - PE Performance during the Financial Crisis
- IPO Positive: Institutional Investors
- Canada's Blowout Year for PE
- Heinz Buyout is a PE Mega-deal
- Is the Mega Buyout Back?
- Quote of the Week: PE’s Reputation Risk
DealMarket Digest Issue 83 - 15th February 2013Urs Haeusler
SEE WHAT’S NEW AND NOTEWORTHY IN PRIVATE EQUITY THIS WEEK /// ISSUE 83 - 15th February 2013:
• Corporate Venture Grows in Importance
• Cleantech Predictions 2013
• Global Warming in Secondaries Market
• Taking a Little Private Time
• A Ten Billion Pound Telecoms Buyout in the UK?
• Highs and Lows for PE in Emerging Markets
• Quote of the Week: The Wine Industry Indicator
13 Jun 24 ILC Retirement Income Summit - slides.pptxILC- UK
ILC's Retirement Income Summit was hosted by M&G and supported by Canada Life. The event brought together key policymakers, influencers and experts to help identify policy priorities for the next Government and ensure more of us have access to a decent income in retirement.
Contributors included:
Jo Blanden, Professor in Economics, University of Surrey
Clive Bolton, CEO, Life Insurance M&G Plc
Jim Boyd, CEO, Equity Release Council
Molly Broome, Economist, Resolution Foundation
Nida Broughton, Co-Director of Economic Policy, Behavioural Insights Team
Jonathan Cribb, Associate Director and Head of Retirement, Savings, and Ageing, Institute for Fiscal Studies
Joanna Elson CBE, Chief Executive Officer, Independent Age
Tom Evans, Managing Director of Retirement, Canada Life
Steve Groves, Chair, Key Retirement Group
Tish Hanifan, Founder and Joint Chair of the Society of Later life Advisers
Sue Lewis, ILC Trustee
Siobhan Lough, Senior Consultant, Hymans Robertson
Mick McAteer, Co-Director, The Financial Inclusion Centre
Stuart McDonald MBE, Head of Longevity and Democratic Insights, LCP
Anusha Mittal, Managing Director, Individual Life and Pensions, M&G Life
Shelley Morris, Senior Project Manager, Living Pension, Living Wage Foundation
Sarah O'Grady, Journalist
Will Sherlock, Head of External Relations, M&G Plc
Daniela Silcock, Head of Policy Research, Pensions Policy Institute
David Sinclair, Chief Executive, ILC
Jordi Skilbeck, Senior Policy Advisor, Pensions and Lifetime Savings Association
Rt Hon Sir Stephen Timms, former Chair, Work & Pensions Committee
Nigel Waterson, ILC Trustee
Jackie Wells, Strategy and Policy Consultant, ILC Strategic Advisory Board
KYC Compliance: A Cornerstone of Global Crypto Regulatory FrameworksAny kyc Account
This presentation explores the pivotal role of KYC compliance in shaping and enforcing global regulations within the dynamic landscape of cryptocurrencies. Dive into the intricate connection between KYC practices and the evolving legal frameworks governing the crypto industry.
5 Compelling Reasons to Invest in Cryptocurrency NowDaniel
In recent years, cryptocurrencies have emerged as more than just a niche fascination; they have become a transformative force in global finance and technology. Initially propelled by the enigmatic Bitcoin, cryptocurrencies have evolved into a diverse ecosystem of digital assets with the potential to reshape how we perceive and interact with money.
PFMS, India's Public Financial Management System, revolutionizes fund tracking and distribution, ensuring transparency and efficiency. It enables real-time monitoring, direct benefit transfers, and comprehensive reporting, significantly improving financial management and reducing fraud across government schemes.
ITES KPO BPO IT sector in the country has increased at an incredible rate o...yashwanthkumar517728
ites KPO and BPO,IT sector in the country has increased at an incredible rate of 35% per year for the last 10 years reinforces the view that India is world class in IT
The IT sector is one of the largest employers of women, and therefore, can play a crucial role in women empowerment and the reduction of gender inequalities.
1. DIGEST 129
1
Sequoia Knows What’sApp When It Comes to
Finding the Exit
2
Private Equity Fees Drop to Record Low
Billions Paid for Growing Healthcare Service
Provider
3
M&A EMEA Trends 2013
This Year’s Biggest Challenges for PE Players
4
Quote of the Week: Big Data Meets Business
Loans
February 21, 2014
2. SEQUOIA KNOWS WHAT’SAPP WHEN IT
COMES TO FINDING THE EXIT
This week Sequoia has outpunched its rivals in the venture capital industry with the potential return
on it WhatsApp investment, which Facebook acquired for an eye-popping USD 19 billion in a cash and
stock deal. It is eye popping because WhatsApp is a free mobile app and it only employs 32 engineers,
according to WSJ Moneybeat.
Media sources (such as TechCrunch) are suggesting that Sequoia, which it says was the only VC to
back the startup, put in about USD 60 million over three years for a stake of about 20%. Its stake is
now worth about USD 3 billion in cash and stock. If the deal goes through it will provide a 2x return
on the entire USD 1.3 billion fund the initial WhatsApp investment came from, and it represents a 50x
return on its investment in the company. (Clearly, mobile technologies are highly valued, a sentiment
reflected in new figures from CB Insights, which shows that VC investments have climbed to over USD
1 billion per quarter over the last two quarters, up from USD 968 in the and USD 555 million in comparable quarters of the previous year, as shown in the chart here.)
This is not the only exit for Sequoia Capital, which is one of the US’ oldest and best known VC brands.
According to CB Insights, it leads the list of investors who have seen the most Silicon Valley-based tech
exits over the time period covered in the report, followed by micro VC fund Felicis Ventures. Sequoia’s
Silicon Valley tech exits include Jive Software, FireEye and Meraki while Felicis counts Climate Corp,
Wildfire and Meraki as well. (Image Source: cbinsights)
The top five Silicon Valley VCs to Exit in 2013
1. Sequoia Capital
2. Felicis Ventures
3. Accel Partners
4. New Enterprise Associates
5. DAG Ventures
2
www.DealMarket.com/digest
3. PRIVATE EQUITY FEES DROP TO RECORD
LOW
Private equity management fees are dropping to record lows, according to Financial News citing figures from Preqin. Based on an analysis of firms raising funds in 2013 and those still seeking capital,
management fees are averaging out at 1.9% of the fund’s total value. It is the lowest figure since records began in 2005, says the report.
Management fees have historically been about 2%. Another change is that transaction fees, which
buyout firms charge portfolio companies, are increasingly paid back into the fund rather than to the
fund manager. An industry insider was quoted saying that the trend of fees coming down is here to
stay. Managed accounts are also becoming more common. Managed accounts totals climbed to a
record high of USD 20 billion for 73 accounts in 2013, compared with USD 17 billion for 61 accounts in
2012 and just USD 1 billion for eight accounts in 2003.
BILLIONS PAID FOR GROWING HEALTHCARE SERVICE PROVIDER
This week’s buyout of the week features Switzerland’s Partners Group which issued a statement describing its co-leading a deal to acquire US-based healthcare service provider MultiPlan. Financial
terms were not disclosed but several media outlets pegged the value of the deal at USD 4.4 billion.
Starr Investment Holdings, a long term capital investors, co-led the deal with Partners Group. They
bought the company from a consortium that included BC Partners and Silver Lake Partners. MultiPlan
was grown during its holding by the earlier PE investors, with several large acquisitions, as the chart
above show. Its transaction-based solutions to healthcare payers process about 40 million medical
insurance claims annually. (Image source: Multiplan.com)
3
www.DealMarket.com/digest
4. M&A EMEA TRENDS 2013
M&A totals for Europe were down in 2013 but Merrill Corp says in its latest report that dealmaking
market may improve this year due to the large number of companies for sale that it is tracking. The
report explained the downturn in last year’s figures like this: “a sizeable spike in dealmaking in the
final quarter of 2012 led to a lull in activity during the first quarter of 2013, as M&A pipelines were
restocked. This weak first quarter had a detrimental impact on figures for 2013 as a whole, with the
value of dealmaking down by 14% YoY.” Regional figures show that Central and Eastern Europe was
the most active region in Europe for M&A in 2013.
The drop in deal value total also reflects fewer mega-deals, those with a target valued at more than
EUR 5bn generating M&A worth EUR 94.6bn, compared to EUR 161.8bn in 2012. The data drawn from
MergerMarket suggests that from the second quarter onward, dealmaking was robust in terms of volumes, with quarterly figures near to their post-crisis highs. Merrill says this “bodes well for dealmaking in 2014” and that the smaller, bolt-on deals that characterized the past 12 months will be joined by
an increased number of large, transformative transactions. (Image source: Merrill Corp)
THIS YEAR’S BIGGEST CHALLENGES FOR
PE PLAYERS
A new Altius Associates’ survey, entitled ‘The Key Challenges facing the private equity sector in 2014’
finds that co-investment programs will continue to grow in popularity but warns that investors face
significant downside risk if they are poorly executed. Specifically, LPs must make structural adaptations to evaluate investments relative to their portfolios, practice effective due diligence, and be able to
make recommendations and get approvals from investment committees quickly. The survey described
this and nine other challenges facing PE this year in Finalternatives.
Another highlight of the survey was the finding for fund managers active in Europe. The key challenge
in Europe is not to overpay and yet still manage to deploy a significant amount of dry powder. The main
issue in the US buyout market is high valuations based on multiple of projected earning that are quite
4
www.DealMarket.com/digest
5. a bit greater than historic multiple. For coinvesting in Asia, Altius said that investors
will do well to continue to grow their programs “disciplined and highly selective” way
as conditions for investing seem generally
better compared to anytime over the past few
years.
A word of caution was to underweight on real
assets in emerging markets due to some
overvaluing in areas like renewable energy.
The report was bullish on secondaries due
to fund reductions and regulatory pressures.
(Image source: Preqin)
QUOTE OF THE WEEK - BIG DATA MEETS
BUSINESS LOANS
“Using a big data approach, we are able to evaluate business lending using
a multitude of data sources that most credit bureaus and other lending
sources do not consider. As a result, we can provide financing solutions to
businesses far faster than our peers at half the cost of merchant cash advances….We consider ourselves to be a disruptive financial and technology
firm, compared to many of the emerging firms today in the peer-to-peer
space.”
Who said it: Zhengyuan Lu, Vice President of Capital Markets at OnDeck
Capital
In Context: Lu Zhengyuan was speaking at the Family Office Trends Forum in New York, NY in February 13th and explaining how his company, a startup that says it has provided some USD 900 million
in loans to “tens of thousands” of small and medium sized business in the US, is filling the gap left
in the credit market by regional banks and larger national banks. OnDeck uses data aggregation and
electronic payment technology to evaluate the financial health of small and medium sized businesses,
which it says enables it to make decisions at a fraction of the cost and time of more traditional sources
of business credit. It is backed by SAP Venture and Google Ventures, among others.
Who we found it: Rockefeller Global Foresight
5
www.DealMarket.com/digest
6. The Dealmarket Digest empowers members of Dealmarket by providing
up-to-date and high-quality content. Each week our in-house editor sifts
through scores of industry and academic sources to find the most noteworthy news items, scoping trends and currents events in the global private equity sector. The links to the sources are provided, as well as an editorialized
abstract that discusses the significance of the articles selected. It is a free
service that embodies the values of the Dealmarket platform delivers: Professional, Accessible, Transparent, Simple, Efficient, Effective, and Global.
To receive the weekly digest by email register on www.dealmarket.com.
Editor: Valerie Thompson, Zurich
DealMarket
DealMarket launched in 2011 and is growing fast. Just one year after launch,
DealMarket counts more than 61,000 recurring users from 154 countries, and
over 3,000 deals and service providers promoted or listed on the platform.
DealMarket is an online platform enabling private equity buyers, sellers
and advisors to maximize opportunities around the world – a one-stop shop
for Private Equity professionals. Designed by Private Equity professionals
for Private Equity professionals, the platform is easy to use, cost effective and
secure, providing access, choice and control across the investment cycle.
DealMarket’s offering includes
• DealMarketPLACE, brings together buyers, sellers, and PE advisors
from around the world. PLACE gives access to deals (direct invest
ments, funds, and secondaries), investors, and PE service providers.
Searching and postingis free. (no commissions). PLACE PRO is the
exclusive deal exchange platform made for engaged professionals
and companies with a truly unique value added proposition.
• DealMarketSTORE offers affordable access to industry-leading thirdparty information and services on demand; and
• DealMarketOFFICE is a state-of-the-art deal flow management tool,
helping Private Equity investors to capture, store, manage and share
their deal flow more efficiently.
DealMarket was voted the “Best Global Private Equity Platform for 2012
and 2013” by Corporate LiveWire.
www.DealMarket.com/digest