Clifford Chance’s Post

As the #ListingAct has been published today and the new rules for follow-on offers will be available from December 4th, don't miss the opportunity to know more! PrimaryBid technology together with new listing rules introduce a dramatic change for #retail inclusion on capital markets

📈 A closer look at this week’s key #PrivateEquity transactions : From buoyancy solutions and snacking innovations to fragrances and flexible capital investments, this week’s Private Equity deals highlight growth and innovation across diverse industries. This week: Ratos, Turenne Groupe, The Riverside Company, and Nextalia SGR. 🔔 Sign up for our newsletter https://lnkd.in/efvPZBNH #CorporateFinance #MergersAndAcquisitions #InvestmentFunds

Antares CEO Timothy Lyne joined executives from Golub Capital, KKR, Apollo Global Management, Inc. and Goldman Sachs on a panel this week at Dechert LLP's 2024 Private Credit Summit. The group discussed the explosive growth in private credit over the past 10 years and each shared how their portfolios have exhibited significant resilience in the midst of inflation and higher interest rates as well as labor and supply chain issues. #privatecredit #alternativeassetmanagement

Hot on the heels of sharing news of my graduation from the FT Non Executive Director Diploma, now announcing the next of my new ventures as I continue to build a portfolio of roles. I’m very pleased to have joined with three fantastic partners, Simon Hardy, Camilla Hughes and Linda Main, in forming Gara Strategic Advisory. Together, we aim to make a material contribution to the UK capital markets by helping prepare private companies, well ahead of any usual transaction process, for a smooth transition to the public markets and, critically, to be more successful public companies once listed. As a team, we bring highly relevant and broad-ranging capabilities and, importantly, are wholly independent and advice-driven. We believe that our approach will lead to better outcomes for the owners of IPO candidates, across the advisory ecosystem and, or course, for the companies themselves, resulting in more consistently successful capital markets. We’re delighted with the positive response we’ve received. If you would like to know more, please reach out. Another new chapter - very exciting. #IPO #ECM #capitalmarkets #privateequity #venturecapital

Delighted to attend the Mergermarket Private Equity and M&A Conference today at The Langham Hotel in London. Anu Aiyengar, Global Head of M&A at J.P. Morgan, opened the conference with her thoughts on dealmaking activity globally. She cited deglobalisation, digitisation and decarbonisation as key deal drivers, despite a mismatch in valuations between public and private markets. Some of the key themes of the conference were challenges with valuations in M&A processes and discrepancies in price expectations between buyers and sellers. This is partly due to instability in baseline EBITDA of many companies in the wake of the pandemic, making financial forecasts difficult. Private equity funds are facing increasing pressures from redemptions to return value to their investors, in the midst of decreasing valuations of businesses that once delivered above-average returns. They are now turning away from financial leverage and toward operational leverage to drive value in a higher interest rate environment. Strategic corporate investors are well-positioned for M&A, with the ability to realise cost synergies and use their underlying shares as a financing tool for acquisitions. Corporate boards are now increasingly looking at 'M&A chess boards', while a growing number of activist shareholders view dealmaking as a solution to drive value. The conference featured an impressive line-up of speakers from companies including J.P. Morgan, Rothschild & Co, Deutsche Numis, Liberum, CMS, Lazard, Gatemore Capital Management, Petrus Advisers, Patria Investments, Investec, Raymond James, Palatine, Horizon Capital, Competition and Markets Authority. Thank you to Mergermarket for hosting an excellent event. #Mergers #Acquisitions #PrivateEquity #Conference

🌟 Just wrapped up an insightful event in Monaco hosted by Rothschild & Co. on "Private Assets: Challenges, Perspectives, and Opportunities in 2024" at the prestigious #CREM venue. Thank you very much for the invitation. Key discussions revolved around the creation of value, leveraging the vast opportunities within the private market, and the pivotal role of quality fund managers and underlying assets. 📈 My key takeaways? Portfolio diversification is paramount, especially in today's dynamic landscape. Additionally, navigating liquidity complexities is a significant challenge. Yet, amidst it all, the abundance of capital available for private clients to invest in promising opportunities remains a beacon of optimism. 💰 Excited to apply these insights in charting a robust course forward with Realiz.io🚀 #PrivateAssets #InvestmentStrategies #MonacoNetworking #tokenization

🎉 A big thank you to all the participants of our conference "From Private to Public: The Role of Funds and How to Reconcile Everyone's Expectations"! We are thrilled to have organized this event in collaboration with Euronext and Fieldfisher France. Charles-Henri Berbain, Managing Director Midcap Division, TP ICAP Midcap Alice Aymé, Head of Corporate Finance chez TP ICAP Midcap Franck Halley, Director of Participations, Eiffel Investment Group sebastien lalevee, CEO, FINANCIERE ARBEVEL Jean Christophe LITTAYE, Director of Participations, Crédit Mutuel Equity Frédéric Boiffin, Director - Listing - SMEs - West region / Atlantic arc - Euronext Guillaume Morelli, CIIA, Head of Listing Activities for France and the Iberian Peninsula, Euronext Samuel Pallotto, Partner, Fieldfisher France Mathilde Cazé, Counsel - Bourse et Marchés de capitaux chez Fieldfisher France Thank you also to all the directors of participations and Private Equity representatives who joined our roundtable. The discussions on the role of funds throughout the IPO process, the typical profiles of listing candidates, Dual Track mechanisms, and optimizing IRR through post-IPO tools were particularly enriching. For those who couldn't attend, we encourage you to watch the interviews. A big thank you to everyone for your participation and engagement! #TpicapMidcap #Euronext #Fieldfisher #Finance #Investment #Markets #IPO #StockMarket #CapitalMarkets #PrivateEquity

[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

Investor relations in private equity continues to evolve, with the function transforming as the industry has grown. This topic is explored by leading French business outlet L'AGEFI in a recent feature. French speakers can read the article below - Isabel O'Regan, Principal in PAI’s Client & Capital Group, talks about how a career in investor relations allows professionals to remain at the heart of a GP’s strategy, as well as the function’s widening scope across an increasingly global base.   https://lnkd.in/e4R8dutw   #PAIPartners #PrivateEquity #InvestorRelations #Talent

BREAKING: PE GIANT CVC Capital Partners, renowned for investments in major entities like the Six Nations rugby tournament and Formula One, is aiming for a €1.25bn IPO to solidify its position in the buyout industry. This decision, despite hesitations due to the firm's successful private history and concerns about diluting its deal-focused culture, marks a significant shift. Departures of key figures like co-founders Donald Mackenzie and Steve Koltes underscore the complexity of the move. While opening up to public markets, CVC plans to retain 70% of profits privately, preserving its performance-driven ethos. Nonetheless, challenges lie ahead, including potential shifts in focus and public scrutiny of its executives' opulent lifestyles. #cvc #privateequity #finance #financenews #luxembourg #cvccapitalpartners #ipo