Dawid Jakubowicz

Interesting graph with multiple data and analysis points - representing Carbon emission of countries from 1850 to 2022.

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Real estate fund INVESTIKA plans to buy more properties across Europe, taking advantage of compressed valuations as high interest rates are forcing over-leveraged owners to sell, Bloomberg reported. The Czech company managing more than €1bn ($1.1bn) of assets will spend as much as €300m ($322m) on real estate over the next 12 months. Investika, which already owns 50 commercial properties in the Czech Republic, Poland, Croatia and Spain, plans to also make acquisitions in Germany and Austria. #MergersAcquisitionsDivestitures #RealEstate #Fund

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Did you know that the average value of a Priority Research Voucher (PRV) is around USD 100m? According to an analysis by Global Data, the secondary market for priority review vouchers has stabilised and these now go for an average amount of USD 100m. The recent sales by X4Pharma and Valneva of their PRVs for USD 105m and USD 103m respectively supports this trend. The value of a PRV lies in its ability to reduce the FDA review time of a drug application from 10 months to 6 months, providing a clear advantage to bigger pharma companies looking to expedite the approval of their (blockbuster) drug and gain 4 months of commercialization time.

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Industrial Parks NOVO at a significant conference for small and medium-sized businesses Mind Entrepreneur Summit! 👏 ☝️From the early hours of April 19, our esteemed Head of Communications and Partnerships, Lena Kuryachaya, has been actively engaging with Ukrainian entrepreneurs seeking investment, financing, and access to EU markets. ▪️Industrial parks are increasingly attractive for small and medium-sized businesses, offering favorable tax incentives. For instance, businesses within the park enjoy a 0% income tax rate for 10 years, a significant advantage that can save entrepreneurs up to 25% of their business startup costs! In addition, the entrepreneur can handle connecting the plant to electricity, water, and sewage. However, management companies in industrial parks, such as NOVO Industrial Parks, take care of all these technical and administrative tasks, allowing entrepreneurs to focus on their core business 👍 They solve all organizational issues and develop a whole ecosystem on the industrial park's territory. When residents from different fields unite in a new project, they can attract even more investment and become richer. Read Bureau of Investment Programs on Facebook 👉 https://lnkd.in/evrVDqdG #NOVO #IndustrialparkNOVO #IPNOVO

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Some good news for PE industry.

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PEC 2024 Speaker Highlight: Constanze Stelzenmüller - A Macro Perspective on Private Equity    We are excited to announce Constanze Stelzenmüller, an esteemed expert in transatlantic relations, European affairs, and international security, as a featured speaker at PEC 2024. Holding the Fritz Stern Chair at the Brookings Institution, her expertise offers profound insights into global investment climates influenced by policy decisions across the Atlantic. With her background as a German lawyer and political scientist, and her notable analysis of the Ukraine war, Stelzenmüller is poised to enrich our understanding of the macro impacts on private equity. Her talk will explore how international security and transatlantic policies shape the private equity landscape, providing essential strategies for navigating these global dynamics. Don’t miss this opportunity to explore the macro forces shaping the private equity world.     Whether you're a General Partner (GP) or hold a senior position in a DACH region software-focused private equity firm, or an investor targeting SME software companies, PEC 2024 is for you.     To secure one of the last spots, please reach out to joinus@pec.berlin    #PEC2024 #PrivateEquity #GlobalSecurity #TransatlanticRelations #EuropeanAffairs 

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Explore our latest insights into the flow control industry, covering current trends, M&A activity, and the valuation landscape in the #flowcontrol sector. Despite facing challenges, the industry has shown resilience and innovation, notably in water and wastewater management, alternative energy sources, and digitalization. Key highlights from our report: ➡ Innovations in sustainable water management due to global water scarcity. ➡ Expanding opportunities in hydrogen and LNG as cleaner energy options. ➡ Advances in digital monitoring and predictive maintenance setting new industry standards. ➡ Ongoing M&A activity with high valuations from strategic consolidators and investors. For a detailed understanding, read the full report on our website https://lnkd.in/erG3r2h3 or contact me or Philipp Landow directly. #MachineryManufacturing #MechanicalEngineering #ProcessAutomation #Pumps #IndustrialEngineering

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Family businesses in Central and Eastern Europe are approaching a changing of the guard in leadership. We are seeing many of the “first wave” of post-communist entrepreneurs approach their 60s, 70s, and in many cases, head towards retirement. NextGen—or the next generation of family business leaders—are priming themselves to take control of their family-run businesses. The CEE results of PwC’s global survey reveal that NextGen are a group of leaders-in-waiting who are eager to explore new ideas and business practices. Above all, achieving growth is a key priority for NextGen in the next two years. Over half (56%) of respondents see achieving growth as a top three priority—with an even greater number (59%) believing they will personally be involved in driving growth either now or in the future. Find out more about the insights of CEE NextGen and how they plan to take their family businesses forward and specifically their views on—professionalisation and modernisation, how to harness and control the power of generative AI, trust, succession planning and more => https://lnkd.in/ep2bzcSA Piotr Michalczyk, Julian Mihov, Piotr Woźniakiewicz, Ewelina Grzelak, Jacek Pawłowski, Katarzyna Karpiuk, LL.M., Jakub Waszkiewicz, Malgorzata Jakubowska #NextGen #FamilyBusinesses #FutureofCEE #GenAI

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There is no progress without risk, and in an environment where change is accelerating, risks are multiplying and businesses, and questions related there to, are increasingly complex - to stay relevant you do best to connect to strong, innovative partners 🦉 PP Capital Asset Management A/S are the strong, innovative partner you need within finance - to help you manage your personal and company wealth and risk, in today's and tomorrow’s market!

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The top #PrivateEquity firms in various countries, ranked by the amount of #capital they raised over the past five years ending March 2023: #US 🇺🇸 largely dominates the #PE landscape, with #Blackstone being the world’s largest private equity firm, with operations in additional areas like #credit, #infrastructure, and #insurance.

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Buy-Side M&A processes (mergers and acquisitions on the buyer's side) are becoming an increasingly key element of companies' development strategies. In the latest article from Magda Anna Zdunek , we will not only present the most important concepts, but also emphasize the importance of technology in improving these processes. https://lnkd.in/dBri3yyp Here you will find tips on how to effectively manage acquisition processes to maximize their value and minimize risk.

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I am looking for an experienced accountant with at least some rapid growth company experience in Lithuania to join my team at Evergrowth. You will work directly with me (and Tadas Cekavicius + Beatrice Pociute) to build out the international finance function. Want to be one of Lithuania's rarest professionals with experience with both European and US accounting systems? My InMail is open. This hybrid/remote role. Lithuania only. Here are our must-haves: * Ambition—You aren't satisfied with staying in the same job forever; you want to grow in your career. * Curiosity—You will bring up new guidances from KPMG, E&Y, and other majors regarding recent developments in regulations on both sides of the Pond. You will stay on top of the latest developments and look for ways for us to find arbitrage. We will try new tools to speed up our cadence, break some stuff, and fix it. You will look at every process and consider ways to make your and our lives easier. You love tech, and you make it work for you. * Strong understanding of "quirks and features" of accounting and reporting in Lithuania. And I will teach you everything I know about the same in the USA. * You follow up every "no, we can't do that" with, "but there is another way to do this."

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Summing up 1H2024 developments in the Baltic capital markets – it has been about retail investors. Public offerings targeting retail investors, retail investors actively being on the market and making trades even if larger institutional investors are decreasing their positions. I am actually positively surprized. Retail investors are normally considered to be the "nervous" ones, selling when there are bad news on the market and buying when everything is booming. But it seems that the past years' efforts towards advancing financial literacy and investment culture have great results. Investors are capable of seeing large trends and are willing to tolerate short-term volatility. Without panic. Will we see more public offerings in 2H2024? Most likely. There are great companies in our region and there are investors willing to support good plans – earning decent returns in the meantime. Plus, a prospective of stabilizing economy and declining interest rates sets a much better scene for both debt and equity offerings. Maybe even institutional investors will become more active.

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Most important is that you do not maximise value creation by maximising IRR. It is flawed because it does not align managers to maximise value - which is somewhat ironic.

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💰 Latest European VC Investments: ⚡️ The Energy sector tops the charts in Q1 2024 with a robust $3.1B, closely followed by HealthTech and FinTech sectors. Focusing on specifics, 🚙 Electric Mobility emerges as the highest-funded segment with $812M, while 🔋 EV Charging holds the fifth spot at $523M. Arval BNP Paribas Group has been investing in #ElectricMobility for years, now managing over 166K Battery Electric Vehicles (end of 2023). We've established a broad array of partnerships, providing our customers with diverse charging options for their electric vehicles, including access to 600K public charging points across Europe. Our latest initiative, #ArvalEnergy, is designed to provide cutting-edge solutions that optimize energy use for mobility, cut costs, and promote the use of renewable energies. 👇Discover more in the full report from Dealroom 👇

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Annual inflation rates (%) in March 2024 by Eurostat. Meanwhile average dividend yield on Baltic Exchange listed companies is growing close to 6% on falling stock prices.

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The Tightrope Walk: How "Amend and Extend" Affects PE Portfolio Company CEOs The private equity world is seeing a rise in "amend and extend" (A&E) transactions for portfolio companies. A&E involves renegotiating loan agreements with creditors, pushing back the repayment deadline and potentially altering terms like interest rates or financial covenants. While this offers PE firms breathing room in difficult markets, it presents a complex tightrope walk for portfolio company CEOs. Growth vs. Short-Term Stability: A Delicate Balance A key concern for CEOs is the potential for stifled growth, especially if the PE firm uses A&E to extract a dividend. A&E frees up cash flow by delaying debt repayment, but if that cash goes towards PE firm payouts, resources for strategic investments and growth initiatives dry up. CEOs face a tough choice: maintain financial stability with short-term cost-cutting that weakens the company's long-term edge, or pursue growth objectives that require additional spending. This pressure to prioritize short-term profitability over strategic investments in innovation and talent can ultimately hinder the company's ability to adapt to evolving markets. Uncertainty and Misaligned Interests A&E strategies can also introduce uncertainty into daily operations. Renegotiated loan agreements might impose stricter financial covenants, limiting the CEO's decision-making power regarding resource allocation and capital expenditures. This can stifle innovation and hinder the CEO's ability to adapt to changing market conditions. Additionally, the extended debt maturity can create misaligned interests between the PE firm and the company. While the PE firm prioritizes maximizing returns within the extended timeframe, the CEO should focus on the company's long-term sustainability. This misalignment can lead to tension and hinder the CEO's ability to implement long-term strategies. A Window of Opportunity However, A&E isn't all doom and gloom for CEOs. The extended debt maturity provides a window for implementing operational improvements aimed at boosting profitability and cash flow generation. CEOs can leverage this time to streamline operations, optimize resource allocation, and potentially explore strategic partnerships to bolster financial performance . Navigating the Tightrope The rise of A&E necessitates a nuanced approach from portfolio company CEOs. While these transactions offer temporary financial relief, they may come at the expense of growth and operational flexibility, especially if dividend extraction is involved. CEOs must carefully navigate this tightrope walk, optimizing internal efficiencies while exploring strategic options to ensure the long-term viability of the company.

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1 mln. EUR in 2 days – not a bad result for a new platform 😉 We are very happy with the results actually and are overwhelmed with the share number of clients who were interested to participate. For the ones who missed the opportunity – please be patient with us, as we plan to present more interesting projects in the near future. So what’s next? First, some well deserved rest for the team and the service providers – everyone put their best efforts this week 😊 Then we will help the issuer EIKA grupė and their financial representative to register the bonds with the central depository to receive the ISIN code and to put the bonds in the clients’ personal securities accounts for custody. In the meantime, there is plenty of things to be fixed / improve in terms of system infrastructure, as well as banking counterparties, who apparently withheld larger instant SEPA payments for some of our clients. We will also do some statistical analysis of Užupio PERSONOS bond issue and present it to our newsletter subscribers next week – I love data and transparency and I think that investors will also be very interested to learn more about the statistics. So far I can say that 166 investors invested in total, with an average ticket being 6024 EUR 🙂 Thanks again everyone and here’s to more fun in the future 🥂

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