Pascal Cagni

Proud to have been part of this panel on a crucial topic : supply of critical raw materials for battery value chain

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Strengthening the Italy-France Innovation Alliance Pleased to represent Scientifica at the Italy-France Innovation and Business Roundtable in Paris, hosted by IREFI - Institut pour les Relations Economiques France-Italie. This gathering highlights the strength of the bilateral partnership, rooted in shared ambitions for technological and industrial progress. Our collaboration through initiatives like Call4Ideas Super Sapiens Europe demonstrates how France and Italy can lead Europe's innovation ecosystem by fostering deep tech, supporting promising startups, and driving impactful investments. I hope other countries will join this alliance to build an even stronger European innovation network. Together, we are shaping the future of technology and business in Europe. Looking forward to insightful discussions and new opportunities. #ItalyFrance #Innovation #DeepTech #VentureCapital #ScientificaVC

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The #Paris2024 Olympics set a new benchmark by committing to slash greenhouse gas emissions by 50%, setting a new standard for large-scale events, far exceeding the average emissions of the London (2012) and Rio (2016) Games. By targeting every source of emissions and rallying all the parties involved, they're attempting to prove that another model can work. Paris 2024 focused on reducing emissions in three categories: transportation (34%), operations (33%), and construction (33%). Since it'll be over before we know it, they are already sharing their tools & methodology to allow others to step up their environmental transition game (pun intended) as it relates to major events. They are applying the ARO approach - avoid, reduce, offset - and of note: added two stages (forecast and mobilization). Breakdown: 🌏 Anticipate: They developed a tool to measure carbon footprint in order to gauge choices made since the bidding phase. 🌎 Avoid - They use 95% existing/temporary infrastructure and are only using facilities that can be used after the games are over. 🌏 Reduce - Accurately identified emission sources + proposed solutions activity-wide: low-carbon structures, renewable energy, sustainable catering, etc. 🌍 Offset - Takes into account the broadest component: the indirect impact of the games (e.g: travel by spectators). All emissions the can't be avoided are offset by projects designed to benefit all 5 continents. Early projects in place since 2021. 🌏 Mobilize: They plan to harness the potential of sport as an effective driver of the environmental transition and rally everyone (employees, partners, the sport movement, and also citizens) in the process. And I love this: They launched their own "climate coach" an app to measure your own personal + professional carbon footprint. Paris 2024 - Comité d'organisation des Jeux Olympiques et Paralympiques de 2024 #GoalSetting #Decarbonization #Sustainability #Coalition

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HETI RIPORT #European_Private_Equity The ongoing trend towards fundraising concentration within the largest PE funds is expected to continue unabated into H2 2024. This movement signals not just a flight to quality amidst uncertain times but also an acknowledgment of the advantages that scale and a robust track record offer in tackling complex investment landscapes. Emphasizing value creation It is expected that private equity firms will continue to prioritize strategic and operational improvements as key drivers of returns. With exit opportunities likely to remain below historical levels, there will be a sustained focus on creating value within portfolio companies primarily through operational enhancements. This will involve a careful balance between implementing cost efficiencies and fostering growth to capitalize on any improvements in the exit market as conditions evolve.

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Climate tech investing in Europe is on the rise and I have to say that it's more fund than I ever expected. If you are curious about the stage of climate innovations and the most promising approaches to lowering global greenhouse gas emissions, we will be discussing a few learnings at the DDC Investor Summit in the beautiful city of Prague.

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Anne Hidalgo just announced that she will not be running for another 6-year term as Mayor of Paris. In her tenure, she has proven herself to be one of very few truly brave politicians. She took her 2014 mandate, and showed that she had the courage of her convictions, and instead of "analysis paralysis", she rapidly set out to make the changes she promised to make in Paris. Not everyone was on board, and any leader who actually makes changes will endure and waken the full forces of the anti-change stakeholders. But after a productive first term, the majority of Parisians sent her back to finish the job in 2020. More importantly, many people who were against her ideas at first, changed their minds and voted for her after seeing the results of the first-term's projects. These changes include abstract concepts like: - Equity, fairness, inclusion, access, addressing the modern city under a changing climate But also concrete changes like: - Hundreds of school streets, where traffic is blocked on blocks with schools, creating an instant playground, pedestrian and cyclist drop-off zone for kids, with NO car danger or idling vehicle pollution. - Changing the riverside freeways into parks for people. You can now walk along the riverside, or jog, bike, rollerblade, picnic, drink & revel. This is prime real estate in Paris she reclaimed for people, not cars. - Cleaner river - Pedestrian improvements and more space - Huge growth in bike lanes - Increased greenery and tree planting - Reduction of "heat island" contributors - Public transit enhancements & system growth - Flood preparedness systems - Efficient centralized citywide piped heat pump systems - Housing supply growth, stabilization of real estate prices And she contributed to shared successes like the 2024 Paris Olympics, transportation and mobility, a cleaner river, a 15 minute city. Paris is now a model city that many other metropolises can and ARE using as a leading example. Was Hidalgo perfect? No of course not - who is? I understand many of the critiques against her, but I believe she delivered on what she promised, and what she was elected to do. That makes her an unusually good politician, who is forward-leading as opposed to just forward-looking. Carlos Moreno Stacey Randecker Jeff Frick Nick Macilveen Stein van Oosteren Clarence Eckerson Jr.

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It is always good to see when a European start-up is making disruptive progress and Paris-based Mistral AI is certainly remarkable, raising $600 million at a $6 billion #valuation for their Series B led by US fund manager General Catalyst, after raising a $112 million Seed Round a year ago to set up a European rival to OpenAI, Anthropic and other AI giants. Co-founded by alumni from Meta and Google’s Google DeepMind, the company is working on foundational models with the aim to rival the best performing models today, such as OpenAI’s GPT-4o, Anthropic’s Claude 3 and Meta’s Llama 3. Even more interesting from a capital markets standpoint is the broad and global list of investors which includes Lightspeed Venture Partners, Andreessen Horowitz, NVIDIA, Samsung Venture Investment Corporation, Salesforce Ventures, Belgian financial institution Belfius, Bertelsmann Investments, BNP Paribas, Bpifrance (through its Digital Venture fund), Cisco, Eurazeo, Headline, Hanwha Asset Management Co., Ltd.'s venture fund, IBM, Korelya Capital, Millennium New Horizons, Sanabil Investments, ServiceNow and SV Angel. Several of these groups do not invest in VC/early-stage or in Europe so its good to see European companies attracting different sources of capital. Lets see how this progresses. #europe #paris #france #ai #startups #fundraising #startups #venturecapital #fundmanagers #capitalmarkets https://lnkd.in/gg4FThvv

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[SAVE THE DATE] The 23rd edition of the Private Equity Exchange will take place on November 13 and 14th at the Pavillon d’Armenonville in Paris! The only major annual event that brings together all Private Equity players (LPs, GPs, CEOs, entrepreneurs, experts and advisors), the PEX will bring together over 1,200 dealmakers, set on exchanging best practices, network, gain feedback and celebrate the industry. 👉 Register now to guarantee your spot in this year’s edition: https://lnkd.in/dNAxuqu2 In the course of 2 unique days, the PEX will feature over 30 conferences with leaders and experts on the field, as well as unique networking moments designed to connect you with those who matter the most to your business. Through its Awards Ceremonies, the PEX will also celebrate the best performances of the past year, awarding over 30 categories for LPs, GPs and Management Teams. Discover more: https://lnkd.in/eGS5gS2 --- About Décideurs Corporate Finance As a reference media for corporate finance, Décideurs Corporate Finance supports professionals in all their strategic decisions. Through its annual publication of rankings, Décideurs teams have been identifying the leading operators in mergers &acquisitions, private equity, restructuring operations and more generally on all financial challenges that companies can face for more than 15 years. Each year, Décideurs organizes major events that bring the finance community together such as the Private Equity Exchange & Awards, the Sommet Restructuration & Transformation, the Sommet des Leaders de la Finance and M&A Stories. #PEX #PEX2024 #privateequity #capitalinvestissement #investmentfunds

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For anyone waiting for #Mario to say something 😐 : "FIRST, – Europe must profoundly refocus its collective efforts on closing the innovation gap with the US and China, especially in #advanced #technologies [...]. #Quantum #computing is poised to be the next major innovation, but five of the top ten tech companies globally in terms of quantum investment are based in the US and four in China. None are based in the EU [...]. The EU’s key instrument to support radically new technologies at low readiness levels – the European Innovation Council’s (EIC) Pathfinder instrument – has a budget of EUR 256 million for 2024, compared with USD 4.1 billion for US Defence Advanced Research Projects Agency (DARPA) and USD 2 billion for the other “ARPA” agencies. It is also mostly led by EU officials rather than top scientists and innovation experts [...] If Europe cannot become more productive, we will be forced to choose. We will not be able to become, at once, a leader in new technologies, a beacon of climate responsibility and an independent player on the world stage. We will not be able to finance our social model. We will have to scale back some, if not all, of our ambitions. This is an existential #challenge." #Draghi #innovation

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Most recently, we wrote on the French #elections, EU #realestate and economic #growth. Read ⬇️ 📢 Exciting news! Our latest quarterly report highlights positive changes in the global economic landscape. We have upgraded 15 countries and downgraded two, indicating a potential recovery in global economic growth to +2.8% for 2024-25. In terms of sectors, we have upgraded 15 and downgraded eight, reflecting a slight cyclical improvement. Notably, #transportation and #energy sectors show improved outlooks, while the household equipment sector faces challenges. 🏢 The risk of stranded #assets in European commercial real estate is a growing concern. The revised Energy Performance of Buildings Directive has increased scrutiny on Europe's buildings sector. While progress has been made towards emission-reduction goals, further efforts are required to decarbonize energy supply and increase energy efficiency through renovation. Our estimates indicate that approximately EUR165bn is needed for the renovation of non-residential real estate in EZ-4 countries to achieve the 1.5°C compliance target set for 2024. Failure to renovate could expose European banks' portfolios to EUR400bn worth of commercial real estate assets at risk of becoming stranded in the next decade. 🗳️ The upcoming French elections have investors on high alert. The potential outcomes could have a significant impact on the #markets. In the event of a hung parliament, we anticipate investors seeking buying opportunities, leading to a decrease in the risk premium on French assets. However, the possibility of a far-right or far-left government coming to power introduces two alternative market outcomes. https://lnkd.in/eNz6dw35 #Ludonomics #allianztrade #allianz

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Double header at Deutsche Beteiligungs AG: we're on a roll! Our second disposal although the challeging market conditions. These moves underscore our ability to conclude investments even under tough macroeconomics conditions.

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Exciting news for Europe's creative economy! 🎬🎨🇪🇺 European Investment Fund (EIF) has announced over €141 million in new financing for cultural and creative businesses across France, Germany, and Finland. This is a game-changer for Europe's audiovisual sector and creative industries. Why this matters: 1- Investing in creativity is investing in our future. The cultural and creative sectors are not just the soul of Europe – they're also engines of innovation and economic growth. 2- This initiative addresses a critical market gap. Many creative businesses struggle to secure traditional financing due to their unique risk profiles. 3- It's a boost for SMEs and independent producers who often have brilliant ideas but lack the financial muscle to compete globally. 4- By supporting the creative industries, we're preserving and promoting European cultural identity while also fostering export potential. It's heartening to see the EU recognising the strategic importance of the creative economy. This kind of support is crucial for maintaining Europe's position at the forefront of global cultural production. Let's celebrate this step towards a more vibrant, diverse, and economically robust creative landscape in Europe! #CreativeEconomy #EuropeanInvestment #CulturalPolicy #InvestInCreativity https://lnkd.in/eMTHQTgJ

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[🎙️] Do you know what French companies are doing to achieve their ecological transition and develop an economy that respects planetary boundaries? 🌍 Let me introduce you to the « CEC » (Convention of Companies for Climate), for which I’ve just been appointed (one of the many) spokesperson (or Top Voice, as LinkedIn likes to call it 😉). I had the incredible opportunity to take part in the very first edition back in 2021 (I'll tell you more about the origins of this initiative and the people in the photo in a future post.), right when the world was debating whether we should continue business as usual or completely rethink our societal and economic models. The experience was so eye-opening that I offered to become the CEC’s Minister of Foreign Affairs (yes, I’m shooting high! 😅) to share this initiative and its learnings with our friends around the globe 🌍. After all, I had been elected Minister of Foreign Affairs of the « ideal Social Economy government » by Carenews readers in 2018. We’ll start by sharing some content in English. But first, a quick intro for those wondering: What exactly is the CEC?👇 Founded in December 2020, the Convention of Companies for Climate (CEC) aims to make the transition from an extractive economy to a regenerative one irresistible by 2030. It’s ambitious, but with motivated leaders and engaged experts, anything is possible 💪 Between 2021 and 2022, the first edition brought business leaders together in a collective effort to redefine their models within planetary boundaries. Today, there are 17 CEC programs, with over 2,000 leaders (CEOs & « Planet Champions ») and 1,000 companies redesigning their future. And the cherry on top 🍒: the CEC is expanding to Switzerland and Belgium soon! If you’re curious to learn more, check out what the CEC is all about 👉 https://lnkd.in/eTbMeEXt That being said, over the coming weeks, I will share with you stories, tools, and concrete examples of businesses of all sizes undergoing their transformation 🌱🌍 #CEC #TopVoice #Climate #Business #Economy #FutureIsNow

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🌟 The Power of a Supportive Work Culture 🌟 In today’s fast-paced world, the workplace can be demanding. But what makes all the difference? A supportive work culture. 💼✨ When employees feel valued, trusted, and empowered, they don’t just perform better – they thrive. It’s not just about meeting targets; it’s about creating a space where individuals can grow, voice ideas, and support one another. I recently had the pleasure to speak to L’Agefi’s brilliant Laurence Marchal about why I returned to work so soon after my incident. Spoiler: it was the unwavering support from my team that made all the difference. Happy employees = successful teams! Let’s prioritize support and growth, together. 💪 #WorkCulture #brighterfuturetogether #Teamwork #GrowthMindset #SupportiveLeadership #LAgefi #Resilience #janushenderson

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Balderton Capital expands its footprint in Europe with the opening of its new office in France! As a leading European fund currently deploying over $1.3 billion in Early-Stage and Growth investments across the continent, strengthening of the team with PE expert like Zoe Mohl, who came on board in 2022, Solène Brébant and Elena Moneta (formerly of Morgan Stanley and Partech) as Associate and Principal, in the new Parisian offices. With diverse backgrounds encompassing investment, strategy, and operational experience, Solène and Elena will leverage their expertise to target future sector champions and support them in their development and international expansion (mostly in the US) This move into France is a significant milestone for Balderton, transitioning from managing European operations out of London. However, this shift hasn't hindered commitment to investing in the French startup ecosystem, with over 20 notable investments including Vestiaire Collective, Aircall, and Payflow (YC S21). Balderton thrives by capturing alpha through early-stage investments and providing valuable support for these ventures across the Atlantic. Their upcoming investments will be heavily focused on AI, aiming to showcase and amplify French technological expertise internationally. Exciting times lie ahead as they continue to nurture innovation and drive growth in the European tech landscape! #finance #vc #balderton #privateequity #investment #Paris #startup #AI #technology #internationalgrowth Bernard Liautaud

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November 28 2024 – 5 Notable Articles To Read 𝗔𝗿𝘁𝗶𝗰𝗹𝗲: Heathrow’s new biggest shareholder backs airport expansion 𝗧𝗮𝗸𝗲𝗮𝘄𝗮𝘆: In June, the French private equity firm Ardian agreed to acquire a 23% stake in Heathrow, as part of a £3.3B ownership restructuring at the airport that also involved Saudi Arabia’s sovereign wealth fund purchasing a stake. 𝗦𝗼𝘂𝗿𝗰𝗲: Financial Times 𝗟𝗶𝗻𝗸: https://lnkd.in/djuS4NQy 𝗔𝗿𝘁𝗶𝗰𝗹𝗲: UniCredit makes €10B offer for Italian rival BancoBPM 𝗧𝗮𝗸𝗲𝗮𝘄𝗮𝘆: The deal would establish one of Europe's most valuable lenders without affecting Commerzbank AG's investment. 𝗦𝗼𝘂𝗿𝗰𝗲: Financial Times 𝗟𝗶𝗻𝗸: https://lnkd.in/d_yAFtYX 𝗔𝗿𝘁𝗶𝗰𝗹𝗲: AI Boom Makes 139-Year-Old Cable Company Japan’s Hottest Stock 𝗧𝗮𝗸𝗲𝗮𝘄𝗮𝘆: Fujikura Ltd. has capitalized on the booming demand for data centers. The company represents a classic "picks and shovels" investment, benefiting as tech companies and utilities invest heavily in the infrastructure required to support AI development. 𝗦𝗼𝘂𝗿𝗰𝗲: Bloomberg 𝗟𝗶𝗻𝗸: https://lnkd.in/ddMANxk6 𝗔𝗿𝘁𝗶𝗰𝗹𝗲: AI Will Make Insurance Human Again 𝗧𝗮𝗸𝗲𝗮𝘄𝗮𝘆: The future of claims adjusting in insurance lies in collaboration between AI and human adjusters. Rather than replacing adjusters, AI is designed to handle their most repetitive tasks, allowing them to focus more on assisting claimants. This approach creates a system where adjusters can concentrate on making well-informed decisions. 𝗦𝗼𝘂𝗿𝗰𝗲: Forbes 𝗟𝗶𝗻𝗸: https://lnkd.in/dgnrtgmV 𝗔𝗿𝘁𝗶𝗰𝗹𝗲: Mubadala Capital agrees C$12.1B deal for Canadian asset manager CI Financial 𝗧𝗮𝗸𝗲𝗮𝘄𝗮𝘆: The asset management arm of Abu Dhabi’s state investment fund aims to increase its presence in North America. 𝗦𝗼𝘂𝗿𝗰𝗲: Financial Times 𝗟𝗶𝗻𝗸: https://lnkd.in/dukv_ca8 #news #business #research #investment #ai

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I’m pleased to have contributed to Arianee’s position paper, "From A Production-Based to A Service-Based Economy: The Role of Tokenization in Decoupling Growth." This insightful paper tackles a topic close to my heart. This paper outlines numerous practical strategies for companies to progress on tackling overproduction while creating new economic opportunities. Thank you Arianee, Pierre-Nicolas Hurstel and of course my friend Francois Souchet for the opportunity to collaborate. #circulareconomy #technology #circularbusinessmodels #sustainability

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Dear cross border community, Plased to share a few insights from the last parisian edition of the Private Equity Exchange which is enyoing a long and deep legacy alongside the entire value chain of the private equity and VC industry spanning from investors to experts Inspired by the topics shared by Tom Laufenburger , I felt priviledged to contribue as speaker to the AI dedicated session : “🕹️Harnessing AI: impact on pricing and business models” 🕹️ with prominent experts Mounir Mahjoubi Jozefowicz and Alix Nepveux Who shared their perspectives as longstanding players in the space 🕹️Here a few take aways from the session : ✅SCALABILTY & INNOVATION OF BUSINESS MODELS IN BOTH TECH AND TRADITIONAL INDUSTRY AI Will play a trasformational role in strategies for expansion, executions plans due to innovative styles of leadership : - the entire value chain will be transformed opening the door to new business models: from Software as a Service to Service as a Software. - while Software itself runs the risk of becoming a commodity, it will allows to regain leadership and innovate, and can become a growth driver if it is properly leveraged. ✅INCREASING INTERNATIONAL SCALABILITY - Tech companies will be able to identify unseen mkts segments in both domestic and international markets . The main peculiarities of tech is cross border trasversality as client today is becoming similar despite geographies - The AI dedicated to immediate translation is including both language and cultural key aspects to structure offer and approach to each geographies without boundaries. 🤓This means that AI will provide the guidelines to structure services and products to a specific market accordingly to the local requirements and purchaising power. ✅WHICH CONSEQUENCES FOR GP’s - Due to the transversality of AI, Funds and portfolio’s companies are no longer looking for geographical areas, but rather for the best technologies - Different models will emerge including the investment models of the GP’s community as the LP’s base will have an easy access to opportunities in different 🌏 geographies making comparisons to find the right alignements among 🥇returns, 🍀domestic + international impacts, ☀️market perspectives ✅RISKS due to INTL competition and break through innovations in SEGMENTATION STRATEGIES - Competition is more intense and can come from anywhere as markets are more and more visible, sizable and globalized in terms of clients expectations and purchaising power; - Small structures could be challenged as the AI driven technologies requires increasing capex to stay ahead of competition . ✌️Thank you to the team of Leaders League GROUPE FICADE Alexandra Leonhart for organizing such insightful event and for the invite . #AI #IA #eutech #indiatech #frenchtech #eic #europe #india #france #francedigitale #privatequityinvestments #vcinvestments #innovation #crossborder4crossfertilization

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