Fabrice CARRE

In times of high volatility, mid-cap companies face a greater risk of falling behind larger competitors. During this session my colleagues Denis Bugrov, Laurent Kinet, and Akira Shiratori discuss how Asia-based mid-cap businesses can outperform by combining their agility with a bold transformation approach. If you would like to request an invite: https://lnkd.in/gbv4s-4B #Transformation

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“Is ELTIF 2.0. the key to the retailisation of Private Equity?” is definitely one of the questions we touched upon during the roundtable Frédéric Pérard from STP had the pleasure to co-moderate during the #LPEA Tech Day on 22 May, 2024. The main take-aways of this interesting discussion can be sumarized as follows: 1- Most ELTIF 2.0 new projects are open ended funds with potential high volumes of retail investors; 2- this implies more onboarding work, including AML / KYC and therefore more cost; 3- it also requires to address specific aspects like long lock-up period and the need for liquidity; 4- GPs need to adapt their fee structure to make them simpler and easier to manage; 5- ManCos and Asset Servicers need to get properly equipped to process a mix of bankable and non bankable assets, often held in very different systems… 6- Consequently, ELTIFs 2.0. seem promising but challenging. Let’s see the final RTS and their impact on the market. Thank you #LPEA for hosting this insightful event. For those of you interested in launching ELTIFs, talk to us if you current platform doesn’t fully meet the needs! #ELTIF, #Asset_management, #Asset_servicers, #ManCo, #GP, #LPEA

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‘Everything Is Not Going to Be OK’ in Private Equity, Apollo’s Co-President Scott Kleinman Says : Fewer realizations and lower returns are on the horizon : private equity industry must face up to the reality of lower valuations : SuperReturn conference in Berlin “I’m here to tell you everything is not going to be ok” Funds are now holding on to these companies and will eventually have to refinance at higher rates : means “fewer realizations and lower returns” are on the horizon in the industry : dealmaking is poised to accelerate this year as buyout and private credit funds face pressure to return money to their investors : Apollo is one of the world’s largest alternative asset managers, investing across credit, equity and real estate : ended last year with $651 billion of assets under management, is targeting $1 trillion by 2026 

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5 M&A exit routes for a new mobility business, according to Florent Roulet, Partner & Head of Mobility at European investment bank Bryan, Garnier & Co. Florent breaks these down into “the dream route”, “the independence route”, “the shared vision route”, “the relationship route” & “the mirage route”. “Most mobility entrepreneurs will probably admit that exiting their business to one of the global mobility or tech giants such as Uber, Lyft, Bolt, Google, Amazon or Siemens would be their dream scenario. Not only would this make them rich, but it would also make their CV’s look good if they manage to convince one of those giants they had built a business that they would struggle to build on their own. “However, there is a catch…most of those large players have consistently preferred to hire extended teams, hence making the bar for M&A extremely high. Stories which look good on a pitch deck to potential investors rarely materialise in real life!” Read more: https://lnkd.in/eJNXUCAN

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In our third instalment of startup sessions, Gerrit A. Buschhorn and I met with #IDNow's Bertrand Bouteloup, looking at how tech startups can adapt their business model in a fast moving environment such as #IdentityManagemnet and #CyberSecurity: https://lnkd.in/gH4CvsJ2

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🕚Here’s a flashback to an exciting and bold VC fund launch from 2023. 💸 In November 2023 France based Ring Capital announced the 1st closing of their second growth fund – Altitude Growth II - at €125 million out of a target of €250 million, with backing from the European Investment Fund (EIF), Tikehau Capital, SWEN Capital Partners and Bpifrance. 💡 Altitude II is an impact growth fund, with tickets of €5-20m dedicated to mature companies with more than €10m in revenue and profitable or positive EBITDA that are developing solutions to meet environmental or social challenges. 🌍 #Europe 📈 The Ring Altitude Impact Growth Fund strategy has already made investment in 17 exciting companies including Karos, Castalie, YouSchool,Le Mercato de l'Emploi, LeHibou, Yespark, LiveMentor, Stych, among others. 💭 “Being focused on impact and profitable companies really helped us win over investors, especially those who had already trusted us." - Nicolas CELIER, CEO and co-founder of Ring Capital. 🗞️Maddyness https://lnkd.in/eSUY3JqY 👏 For the #AudaciousInvestors unleashing innovation and empowering tomorrow🚀 Geoffroy Bragadir I Pierre-Alexis de Vauplane I Yasmina Bekkouche I Sandra Armstrong I Alban de La Bretèche I Laure Tallon I Eve Sebag I Marie-Capucine Lemétais I Thibaut Bechetoille I Servane Metzger-Corrigou I I Laurent Babut I Charlotte Lafont I Thomas Marsal I Sibylle Behaghel I Daphné Dupont Gurs I Maria Millan I Team Ring Capital … #venturecapital #vc #funds #startups #entrepreneurs #funding #impact #tech #esg #technology #innovation #france #growthcapital #venture

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Learning from New CEOs Last week Rich Lesser, Matthias Tauber and I hosted our annual New CEO Forum in Paris with 13 new enterprise CEOs who lead companies in a broad range sectors across financial services, industrial goods, healthcare, energy and more, headquartered in a diverse set of European markets. We discussed how CEOs today can create resilient organizations that demonstrate agility in addressing the increasing short-term pressures on their businesses while also investing deliberately to drive sustained growth and innovation. We reflected how leaders can transfer the capabilities that their teams honed in crises – when people pull together with a shared sense of purpose, accountability and the imperative of effective decision making – into a ‘steady state’ of running the business that is markedly more volatile than it used to be. And Bruce Cleaver, former CEO of de Beers, shared his perspective on CEOs needing to turn a 'burning platform' (that is intuitively understood in any crisis) into a 'burning ambition' for ‘peacetime operations’. What truly impressed me was the pervasive sense of humility of the CEOs present: all of them emphasized how much they rise and fall with the shared ambition, energy and support of their team We left energized and hopeful for the future, knowing these leaders are at the forefront of world changing businesses. Find further readings on shaping high performing teams here: https://lnkd.in/dNP6hYG4

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Despite economic fluctuations and geopolitical tensions, the luxury sector remains resilient, thanks to strategic market adjustments and loyal consumers. The Middle East emerges as a thriving hub for luxury consumption, driven by economic diversification and affluent residents. Deloitte's analysis confirms the sector's strong growth, while J.P. Morgan and VMLY&R shed light on the complex consumer behaviours influencing luxury purchases, particularly from the revitalised markets of the US and China. At Argon & Co, we provide demand forecasting, smart operations, supply chain optimization, and warehouse optimization solutions to navigate the rapid changes in the luxury sector, ensuring brands can respond with agility to unexpected market movements. #LuxuryMarket #Business #Growth #argon and co

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📌 Luc Rigouzzo, participated in a panel discussion dedicated to “addressing inequalities”, organized by Private Equity International in London.   Thanks to fellow panelists for your valuable insights Ines Mertens de Wilmars from Impact Europe, Cyril Gouiffès 🇪🇺 from European Investment Fund (EIF), Stephen Muers from Better Society Capital (previously Big Society Capital) and Liz Roberts from MassMutual.    🗣️ A few key takeaways from Luc’s contribution:  1️⃣ In Africa, investing with intentionality to support economic development helps improve both living conditions and the carbon efficiency of activities.  2️⃣ There can be no sustainable development without strengthening women’s place. Amethis takes gender into account in all investments, using the 2X Challenge framework.  3️⃣ Aligning financial and non-financial considerations involves adapting remuneration mechanisms. For Amethis Fund III, we are launching our first ESG and impact-linked carry mechanism, which makes 20% of our carry dependent on the achievement of environmental and social objectives.    🙏 Many thanks to Private Equity International and its teams for this insightful event.    New Private Markets Christopher Wagland Boris Petrovic Georgia Long Laurent Demey Raphaël Reynaudi Henri Nikitits   #ImpactInvestorGS24 #NewPrivateMarkets #ImpactInvestor #Impactinvesting #EdRPE #Inequality #WomenEmpowerment #PrivateEquity #Africa 

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“Acquiring Diversified and Fractible, both leading luxury investment platforms in France, is a crucial step in strengthening Konvi’s position as the European leader in this market.”   Konvi co-founder and CEO, Eran Peer, spoke to Tech.eu about the firm’s latest acquisitions which have bolstered its user base to over 50,000. Konvi is Europe’s leading luxury assets investment platform offering fractionalised investing opportunities in luxury items such as fine wines, whiskeys, watches and vintage cars   Read the full article here: https://lnkd.in/eVXfzzhx    #Investing #LuxuryAssets #FractionalisedInvesting

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Investment in healthcare technology assets has remained stable, both before and after the booming years of 2020 and 2021. This trend is linked in particular to the consolidation of a fragmented sector in which many smaller companies are struggling to provide global solutions and achieve the critical mass required to effectively penetrate the healthcare and life sciences markets. Read the article by Marie-Claude Benoit in ActuIA with data from our European Health Tech Quarterly Report Q1 2024. 👉 Find the link to download the report in the comments! https://lnkd.in/etjFNjxs #clipperton #techinvestmentbanking #healthtech #digitalhealth

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After falling by 75 percent in 2020, travel is now nearing a full recovery. While it’s clear that travelers are ready to pack their bags, their evolving needs and desires suggest that the travel and hospitality sector could be facing a phase of remarkable disruption. Join Margaux Constantin and Matteo Pacca for a McKinsey Live webinar on June 13 as they discuss how the days of a one-size-fits-all approach to tourism are in the past, and how players across the sector have the opportunity—and imperative—to embrace customization and innovation.

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After falling by 75 percent in 2020, travel is now nearing a full recovery. While it’s clear that travelers are ready to pack their bags, their evolving needs and desires suggest that the travel and hospitality sector could be facing a phase of remarkable disruption. Join Margaux Constantin and Matteo Pacca for a McKinsey Live webinar on June 13 as they discuss how the days of a one-size-fits-all approach to tourism are in the past, and how players across the sector have the opportunity—and imperative—to embrace customization and innovation.

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Very positive HBR article from a recent Bain study concluding that we have all improved on M&A deal making ! 70% of mergers do succeed! Also very interesting to see how the strategic rationales of acquisitions have expanded with a larger focus on growth M&A!

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As the real estate market evolves, we at Montea are at the forefront of innovation, exploring the rapidly growing sector of data centers. In the prominent Financial French publication Les Echos, Luc Merigneux, MRICS, Country Director of Montea France, highlighted our strategic ventures into this promising market. Data centers are crucial for supporting the rapid growth of digital infrastructure, driven by advances in AI and increasing data storage needs. We are actively developing projects in France, addressing the challenges of land scarcity and the significant power requirements essential for these facilities. Luc Merigneux, MRICS emphasized, "Compared to warehouses, the development of data centers involves a major additional complexity: the provision of energy." Despite these challenges, we are committed to leveraging our expertise in securing suitable land and navigating urban planning regulations to deliver state-of-the-art data centers. Read the full article (in French) in Les Echos: https://lnkd.in/e7afWAdk #Montea #DataCenters #Innovation

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📢 Activity at end-March 2024: Continued growth in like-for-like revenues and new growth drivers An active first quarter marked by : ✅Significant reinforcement in hotels ✅ Strategic partnership in German Residential with the signing of an agreement with CDC Investissement Immobilier ✅ Success of the premium offer in offices: 48,800 m² let or renewed and record income growth of +10%. ✅ Continuation of disposal agreements ✅ A successful and recognized ESG strategy Find out more about the results here ➡️ https://lnkd.in/ejxfBCZx #finance #realestate #financialresults

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The private equity market has grown in size, complexity and interconnectedness. Nat Benjamin steps through the vital role it plays in financing companies, describes recent developments, and asks questions about the impact of dynamics in that sector on safe and sustainable growth

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Since 2022, the demand for AI projects at Malt and Malt Strategy has surged by an astounding +70%, propelling businesses to the forefront of innovation 📈 Businesses are looking for how to adapt and implement quickly. Freelancers rely on their skills to stay relevant; they will often lead the way on new technology and trends. Curious to uncover more about how freelancers are helping clients develop AI capabilities? Look no further than Malt's latest report, "Independent Talent: The Secret Sauce to AI Innovation." Click here to download the report: https://shorturl.at/5q9ix #AI #GenAI #Freelance #ArtificialIntelligence #Hiring #Malt #Futureofwork

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