Quentin Brias

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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Interesting view ! "To identify investments that create sustainable competitive advantage, not just short-term accounting profits, business leaders must relentlessly focus on innovation and keep bolstering intangible capital. Our key message? Don’t be afraid of reporting short-term accounting losses in the pursuit of long-term value."

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Only 4% of EU VC's have previous startup experience... versus 60% in US  In CVC in EU it will even be worse... (educated guess)  There are some more interesting insights on the low level of support by VC's, the needs from startups, .... in the article below  This confirms also the need for more VC Platform roles in the EU #vcplatform (see my previous post on VC Platform roles)  #venturecapital 

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Soooo pretty much how French VC has always been. VC firms suing each other. LPs firing GPs. LPs taking funds back. VCs suing entrepreneurs. It's always been a dramatic scene. 🇫🇷 🐓🍷🥖 https://lnkd.in/eK8JbgDA #vc #venrurecapital #startups #entrepreneurs #entrepreneurship #tech #technology #innovation #money #business

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Crunch Lab, a startup from our portfolio, has just raised $3.5M in a seed round led by Multicoin Capital ! Big big congrats to Jean & Arnaud and the whole team for the amazing work. I witnessed impressive dedication from the whole team to close this round and reach new heights. What does Crunch Lab la do? Crunch Lab makes it easier for big companies to unlock the value in their data by running machine learning competitions through their community, CrunchDAO, which has over 6,000 data scientists, quants, and ML engineers. These experts compete to build AI models that give companies actionable insights, mainly to the finance industry. With this funding, Crunch Lab will ramp up their operations and dive into new data-rich markets. Bravo! Link in the comments for the full article.

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💟 This is the kind of news that makes you love Venture Capital! 🦄🇫🇷 Some will only remember the €1.5 billion exit for a French company. It's not a UNICORN valuation, it's a real EXIT! 3️⃣ 6️⃣ Some will only remember the x36 multiple on investment. 💥 Some will only remember the €175 million proceeds returned to the funds with a single operation. 👑What I'll remember, is Denis Ladegaillerie's passion, vision, and ambition. These are the keys to success. Excited to share this fantastic news for Believe, for Ventech, but also for the entire Tech ecosystem! 🚀 #VentureCapital #SuccessStory cc France Digitale

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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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💸 Our business angel cash-out guide is out! 💸 I put together these 4 rules, compiling years of experience advising the best VC investors in managing their portfolio and their exit strategies ( 👋 Romain Afflelou Jean-David BENICHOU Jeremie Attali Marc Menasé Patrice Giami Fanny MIARA) For early-stage investors, finding the right monetization path is a significant challenge. The best, and most complex, option is selling shares on the secondary market. I put together this guide to help early stage venture investors maximize their returns, structured around four major rules RULE 👍 : Prepare this transaction strategy ahead of time RULE 🤘 : Find the right timing to do so RULE 👌 : Price their shares on the secondary market RULE 👊 : Efficiently manage your secondary process You can access the full version of the guide on https://lnkd.in/eqY2XQ_M If you want advice on how to maximize your portfolio I am more than happy to seat with you and discuss your strategy - just book a timeslot in my agenda https://lnkd.in/eFCPXU_g #venturecapital #businessangel #ROI #secondary #portfoliomanagement

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The Venture market is very weird right now and it sometimes feels like we are in the hottest and coldest fundraising market ever at the same time. Time to invest or time to wait? I’ve tried to summarize my understanding of what’s happening in a blogpost. 

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The French government is spearheading a renewed push to integrate the European Union's fragmented capital markets to revive the bloc's flourishing startup ecosystem and reduce their dependence on U.S. venture capital funds. Complicated local regulations and oversight have prevented the EU from developing deep, unified capital markets on par with the U.S. This forces promising European startups to inevitably turn to U.S. VCs and IPO markets as they scale, representing a missed wealth creation opportunity for the bloc. French officials argue that reviving the long-stalled EU capital markets union must be a top priority. This would harmonize financial rules and oversight across the 27-nation bloc, providing startups access to larger pools of integrated risk capital. While the majority of the nations are on board, at least in principle, several governments remain reluctant to cede regulatory control of their financial markets. Another proposed solution involves getting public sector investors, such as the European Investment Bank (EIB), more involved in riskier startup bets.

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We are proud to have been recognized again by the HEC Paris-Dow Jones Growth Capital Private Equity Performance Ranking 🏆 Following an assessment of 279 funds with an aggregate equity value of $172bn, Keensight Capital has come in as the🥇 #1 firm in Europe 🌍 This distinction confirms our status as the leading European Growth Buyout Firm, thanks to our focused investment strategy and highly qualified team of professionals. You can browse the ranking here: https://lnkd.in/etivNyFw #PrivateEquity #GrowthBuyout #Investment #PerformanceRanking

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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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AGRICOLTURE : PILLAR OF THE ECONOMY AND GUARDIAN OF THE PLANET In the context of global finance, agriculture represents a key sector for market stability, influencing investment dynamics, international trade, and economic policies...

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For all those in scale-up, 25 mins of listening to Seb is well worth it. A really clear set of priorities and realities of growing (and turning around) scale-ups. https://lnkd.in/esnuxRKr

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How has the Software M&A Market performed in the first half of 2024? Our comprehensive report provides in-depth analysis and key insights into the Software M&A market. In this report, part of our Software team, Alexis Iche and Antoine Riendeau, cover: 🔍 Valuation drivers of SaaS companies (including during market slowdowns) 📊 10 mid-market transactions 📈 50 public comparables and their stock market performance Click to download the PDF below. #software #privateequity #saas

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