Michele Bertoncello

Discover the reasons behind the $135B decline in UK M&A deal value in 2023 by watching our webinar recording featuring Bain's M&A experts, Peter Horsley and Suzanne Kumar, as they delve into Global and UK M&A industry insights.

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Europe is facing a crucial moment where its competitiveness is declining, and new challenges are emerging. With former Italian Prime Minister Enrico Letta presenting his report about the future of the EU single market, "Much more than a market," to the European Council this week, the topic of competitiveness is high on the European agenda. It is a topic my colleagues at the McKinsey Global Institute have analyzed extensively. Recent research found that Europe's competitive strength, built on industrial excellence, innovation, and robust supply chains, is eroding. European companies are investing less in R&D compared to US companies, resulting in slower growth rates and lower return on capital. MGI research has identified seven priority areas that Europe should focus on to regain its competitive edge, including innovation, energy, capital, supply chains, talent, size, and competition and markets. To succeed in this new era, the research finds Europe must have an integrated agenda with ambitious new goals. This could involve doubling corporate R&D budgets, reducing energy costs, increasing corporate investment, operating at a more European level, and revamping competition rules. Read Enrico Letta's report: https://lnkd.in/dmHXnCdE Find our MGI analysis here: https://lnkd.in/dM3mRk4h

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Limenet achieves an important milestone closing the first #carbonremoval offtake agreement on the #voluntarymarket for 1000 tons of #CO2. 🇺🇲 KlimaDAO a US platform active in the voluntary carbon credit market, has purchased an advance on the processing of 1,000 tons of CO2 that Limenet will realize by mid-2025 generating negative emission credits that KlimaDAO is committed to resell on the Carbonmark platform.    The incoming TRL7 plant in Augusta will enable us to remove annually about 4 thousand tons of CO2, representing the opportunity to consolidate our technology on the market.     We truly thank Sara Deganello from Il Sole 24 Ore that not only describes this news but tackles also important topic like the #scalability of our technology and the #tokenization of carbon credits.    Here you can read the full article: https://lnkd.in/dbnAtGPk #ClimateChange #Limenet #Innovation #CDR    Stefano Cappello Giovanni Cappello Valdis Bisters Sandro Carniel Piero Macchi Guido Raos Francesco Campo Mario Grosso Arianna Azzellino Daniela Basso Jacopo Mele Jacopo Visetti Andrea Rota Marco Tonegutti Francesco Grassi

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Please take a look at BIP AutObserver – May 2024 with main registrations results in Europe and Italy. The European market (EU+UK+EFTA) registered a decrease in registrations from 1.122.214 in May 2023 to 1.092.901 cars in May 2024 (-2,6%). Also in Italy, the market decreased of -6,6%. In terms of market share YTD, strong increase for B segment (+2,1 p.p. vs May 2023) and, strong decrease of C segment (-2,7 p.p.). HEV registered the highest volumes increase (+5,4 p.p.), followed by Petrol (+4,1 p.p.) while the other fuel types registered a decrease (in particular Diesel -5,2 p.p and EVs -1,8 p.p). The current level of PHEV and BEV in Italy is far below expectations and behind the shares recorded in the main European countries (on average for the top 10 European Countries by volume, 25,5% MS, +0,8% growth 2024 vs 2023). In May 2024, the commercial and industrial vehicles market showed a general growth (+6%), with a total of 24.284 new vehicles registered (Commercial vehicles +6,3%, Light mass vehicles +4,5%, Heavy mass vehicles +5,5%). As usual, the last section of this report includes the main news on key automotive/mobility trends. #registrations #automotive #lcv #trucks #cars #automotivemarketreport #italy #europe #ev #emobility #BIPGroup #Heretodare #BIPInsight Alberto Idone Andrea Ingallinera Paolo Federici Gerardo Ferracane Massimiliano Tortorella Flavia A. Vito Cosentino Alberto R. Vincenzo Massaro Paolo Camangi Marco Bertoli Giuseppe Della Vecchia Maurizio Manni Luca Varricchio BIP BIP Italy

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2024 could be THE year of change for #ConsumerElectronics #Retail Italian landscape. Following a boost from #COVID19, which led to increased time spent at home, the the market has begun to contract at a rapid pace, potentially in double digits. This has prompted long-anticipated structural changes in an industry with very narrow profit margins. While some developments are more #traditional #classic such as #unieuro push on PL, #mediaworld shop in shop partnership with #bennet and #amazonprimeday campaign, 3 other moves are considerably more disruptive: 1) Fnac Darty potential acquisition of Unieuro S.p.A. with Kretinsky and Niel competing once again, this time in Italy following their #Casino battle in France 2) MediaWorld recent launch of its #marketplace represents an intriguing model that can provide enhanced value to consumers and elevate the #omnichannel experience to the next level. This move comes with some caveats, as Amazon is well aware, but could position MW as the #gotoplace for product search 3) Covercare SPA acquisition by Unieuro (in late 2023) aims to expand again the service offering. The "push" #repair services could see greater success in 2024, thanks to recent trends such as #ESG #genz. Historically #priceconscious Italian consumers had shown limited "pull" for services, as #fnac and #darty experienced when they enter&exit the market

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Chief Transportation Officers must have the ability to simultaneously balance contrasting short and long-term priorities and shift seamlessly between big picture and fine detail. They must also be able to think global and personal, work with ambiguity and structure and operate experimentally yet with a focus on results. #Transformation #BeTransformative PwC

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AITI Associazione Italiana Tesorieri d'Impresa are pleased to share a survey on sustainable supply chain finance. All EACT members are invited to take part. The main objective of the questionnaire is to investigate what are the main drivers that can lead companies to adopt Sustainable Supply Chain Finance solutions in today's global market. Take survey: https://lnkd.in/e4Dwzf_n The survey will take approximately 15-20 minutes to complete. Completion of the questionnaire is voluntary and can be stopped at any time. The answers will be collected and processed anonymously by the University of Pavia for research purposes and statistical analysis on aggregated or anonymous data, without the possibility of identifying the user. No profiling activity is planned. A short report of the results will be sent on request to those who participate in the questionnaire and consent to leave their email address. #treasury #scf #supplychains #ESG

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🚀 We are thrilled to share that this Wednesday, May 22, we will be hosting an international event on Advanced Air Mobility! 🚀 “Flying beyond the horizon - Insights and outlook of the Italian and International Advanced Air Mobility ecosystems”, organized by PwC Strategy&, will take place on the 27th floor of the PwC Tower in #Milan and will see the participation together with several colleagues Cesare Battaglia, Alessandro Grandinetti, Guglielminetti Paolo, Dr. Jan H. Wille This event will continue the ongoing efforts of our team as we discuss AAM Readiness on an international level, focusing on the main enablers and challenges of the ecosystem. We will conduct deep-dives into key topics through three dedicated panels, addressing the most pressing issues in the field. We are honored to announce the participation of industry leaders, commencing with an introductory speech by the General Director of ENAC - Ente Nazionale per l'Aviazione Civile, followed by key industry representatives who will guide the panels, share their latest insights, and engage in compelling discussions about the future of AAM. Stay tuned for the highlights of our analysis, which will be shared after the event. _ #AdvancedAirMobility #Aerospace #Innovation #Strategyand @strategy& @pwc italy @pwc advisory #PwCItaly #PwCAdvisory #TorrePwC

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Is Defence tech (sort of) overhyped?  As mentioned in my last week article "Dual Use" #startups are front and center in the current debate. Today Sifted editorial by Anne Sraders points out that "there’s more talk than action re: defence tech." And what started as an overdue reaction to Europe’s lacking defence capabilities is now, it seems, a sector that many investors feel they need to have a say on, but generally don’t seem to be spending a tonne of money on.  The 264 defence tech and dual-use deals last year was down on the 308 in 2022, according to Dealroom data. Funding for the sector remained fairly resilient: with $2.4bn invested last year compared to $2.3bn in 2022 — though both years were below the $3.7bn invested in 2021. The data includes companies in areas like robotics, cybersecurity, space, drones, various quantum companies, dual use and defence.) So far in 2024, funding for defence tech and dual use is dwarfed by other sectors like biotech and GenAI. But - my bet I'm sure to win- data are not properly capturing the phenomena. The old fashioned tagging methodology used by the dominant data platforms do not work any more. At Mind the Bridge we already started to implement different criteria to categorize startups. #data #dualuse #defencetech Max Brigonzi Mattia Poletti Isidro Laso

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Happy to have delivered a keynote at Pe-Insights Milan on optimizing collaboration and value creation between investors and portfolio companies. It's crucial to bring strategic governance on par with financials and deploy a digital infrastructure that moves old-school manual strategy execution to a modern digital platform. #strategy #privateequity #peinsights #strategyexecution #strategyimplementation #portfoliomanagement #decideact

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Great examples of the deals led by EY Infrastructure practice - with a focus on Italy. Many of them accelerating the energy transition!

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Discover the reasons behind the $135B decline in UK M&A deal value in 2023 by watching our webinar recording featuring Bain's M&A experts, Peter Horsley and Suzanne Kumar, as they delve into Global and UK M&A industry insights.

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Discover the reasons behind the $135B decline in UK M&A deal value in 2023 by watching our webinar recording featuring Bain's M&A experts, Peter Horsley and Suzanne Kumar, as they delve into Global and UK M&A industry insights.

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The innovative ecosystem of Turin continues to grow and establishes itself as one of the leaders in Italy. This is evident not only from the increase in venture capital investments but also from the significant density of scaleups compared to the total number of startups. However, to compete on a global scale, it is essential to look beyond national borders. Comparing with the ecosystems of France and Germany can clarify Italy's positioning and shed light on what our true goals should be. I have prepared a slide that gathers all the key players in the Turin ecosystem. Do you find it useful? If you have any questions or notice any significant omissions in the mapping, do not hesitate to contact me. Universities: Università degli Studi di Torino Politecnico di Torino SAA - School of Management, Università di Torino ESCP Business School Collegio Carlo Alberto Incubators, Accelerators and Startup Studios: I3P - Innovative Companies Incubator of Politecnico Torino 2i3T - Innovative Companies Incubator of the University of Turin Digital Magics Techstars Transformative World Torino Venture capital: Vento Club degli Investitori Innogest Capital LIFTT Claris Ventures Equiter Spa StarSeed Officine Investimenti Organizations and Foundations: CTE NEXT Fondazione Compagnia di San Paolo Fondazione CRT LINKS Foundation – Leading Innovation & Knowledge for Society Scaleups: Tau Group Algor Kither Biotech ToothPic AIKO - Infinite ways to autonomy Letsell Eoliann Enerbrain ALBA Robot SkinLabo Anubi Digital Tyvak International Ermes Browser Security WaterView Pharmercure AWorld Resalis Therapeutics epiCura Data resources: Mind the Bridge + Crunchbase #startups #innovation #torino

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A great listen from Daniele Petecchi, Pirelli’s head of AI and Data Management, sharing how digital twins and #GenAI can maximize efficiency of product development and manufacturing of millions of tires each year. Another example of how AI-driven optimizations can unlock growth and resilience for a 150-year-old company in today’s global competitive landscape.

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Check out EY Global Green Economies & Infrastructure Leader and Future Cities Co-Leader, Gianluca Di Pasquale's brilliant article to find out how tech innovations can power a greener world. #GreenTransition #Technology #Sustainability

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Discover how CMB Monaco, a renowned private bank, successfully underwent a comprehensive commercial transformation to enhance profitability and performance in Wealth Management. By leveraging Oliver Wyman's software solution, Pharos, CMB Monaco established a fully digital and data-driven process to manage commercial activities. This integrated approach enabled the bank to understand client needs, set revenue targets, and monitor performance effectively. CEO Francesco Grosoli emphasizes the importance of client-centricity and the human factor in shaping the future of private banking. Watch the video to follow Francesco and Chief Innovation Officer Olivier Pages in conversation with Dr. Thomas Hofmann partner at Oliver Wyman.  #OWFinancialServices #WealthManagement #DataDrivenProcesses #ClientCentricity #OWBreakthroughs #OWBreakthroughs

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