Intermediate Capital Group (ICG)’s Post

Europe and US private companies maintained strong performance through 2023 and through H1 2024, with sales and EBITDA growth holding above pre-Covid levels and debt metrics remaining manageable. More findings from ICG’s recent client-only report on private company trends: https://lnkd.in/eqFunmp2 #PrivateMarkets #PrivateCapital #PrivateCompanies #Alternatives #Alts #Economics Capital at risk. Past performance is not a reliable indicator of future results.

Clear information on how private companies are performing can be challenging to find. Capital at Risk.* At ICG Enterprise Trust we have enhanced our disclosure around the performance of our portfolio companies over the last two years. Today we are also pleased to see the 12th edition of ICG’s “Private Company Trends” report, authored by Nicholas Brooks. Based on data from companies across Europe and North America, the report uncovers the sector’s key trends and assess its outlook for the rest of 2024. It finds that the market’s performance has remained largely resilient in 2023 and the beginning of 2024, despite geopolitical instability and weak headline economic growth in Europe, therefore positioning itself as a relatively defensive sector.🛡️ This trend was largely driven by a healthy sales growth and a moderation in input cost inflation that stabilised margins. This led to a pick-up in private company EBITDA growth in Europe and US during the second half of 2023. 📈 🔗 Find out more: https://lnkd.in/e8gBNErC #PrivateMarkets #PrivateCapital #ListedPE #InvestmentTrusts #Alternatives *Investments involve risks, including the risk of capital loss. Past performance is not a reliable indicator of future results.

Sector performance divergence was high in 2023. Consumer discretionary and industrials saw the strongest EBITDA growth performance, benefiting from rising household real income growth and normalising supply chains. Chemicals and healthcare were the weakest performers, with margins under pressure, though there were tentative signs that the worst of the margin squeeze may have passed as wage growth slowed and energy costs normalised. Additional findings from ICG’s recent client-only report on private company trends by my colleague Nicholas Brooks: https://lnkd.in/eA_kU3Wz #PrivateMarkets #PrivateCapital #PrivateCompanies #Alternatives #Alts #Economics Capital at risk. Past performance is not a reliable indicator of future results.

In our latest Market in Minutes report - A Microscope on Risk & Return - we compare the investment performance of commercial property assets across the office, industrial, and retail sectors in Australia, the US, and UK by analysing average total returns over the past decade against the standard deviation of those returns to assess risk-adjusted returns for investors. #Savills #research #capitalmarkets

In the latest installment of our annual paper, #MSCIResearch analyzes the valuations and sale prices of properties tracked in the MSCI Global Annual Property Index. Find the research report here: http://ms.spr.ly/6046Y2L5k #commercialproperty #CREdata

The thirty-fifth edition of the Global Financial Centres Index (GFCI 35) was published on 21 March 2024. GFCI 35 provides evaluations of future competitiveness and rankings for 121 financial centres around the world. The GFCI serves as a valuable reference for policy and investment decision-makers. 133 financial centres were researched for GFCI 35 of which 121 are in the main index. The GFCI is compiled using 145 instrumental factors. These quantitative measures are provided by third parties including The World Bank, the Economist Intelligence: EIU, the OECD - OCDE and the United Nations. The instrumental factors are combined with financial centre assessments provided by respondents to the GFCI online questionnaire. GFCI 35 uses 48,365 assessments from 8,494 respondents. >> GFCI 35 Results Leading Centres 🔹 New York leads the index, with London second, ahead of Singapore in third place, which has maintained its slight lead over Hong Kong in fourth position. 🔹 San Francisco remains at number five, with Shanghai overtaking Los Angeles in sixth place, with the latter dropping to eighth. 🔹 Geneva climbed to seventh, with Chicago stable in ninth, and Seoul entering at number 10. Asia/Pacific 🔹 The average increase in ratings for this region is 1.89%, with Singapore continuing to lead in the region, one rating point ahead of Hong Kong. Shanghai and Seoul also feature in the world top 10 at sixth and tenth respectively. 🔹 Beijing dropped 2 places, with Osaka, Bangkok, Jakarta, and Taipei also declining in the ratings. 🔹 All other centres in the region improved their ratings, notably Wellington (up 15 places), Melbourne (up 11), and Hoi Chi Minh City, which rose 12 places. 🔹 Tokyo moves up one spot to 19

European financial services have, for the most part, consistently lost ground to North American and Asian counterparts following the Global Financial Crisis. The evidence is unassailable: 🔹 Europe's share of the top 100 largest asset managers has fallen from 47.1% in 2007 to 21.9% in 2022. In nominal terms, assets managed by European firms grew by 29% since the crisis, while those managed by North American firms increased by over 300% in the same time. 🔹 European banks' share of Tier 1 Capital halved between 2007 and 2022, now accounting for just 22% 🔹 The MSCI USA Index has jumped by over 300% since the Crisis, while the European equivalent (the MSCI All Country Europe) has grown by less than 30% Should the trend continue, this spells significant trouble for Europe's financial industry and real economy. To explore this topic and delve into the numbers, Clive Horwood, OMFIF Deputy CEO and Managing Editor, will join our upcoming Focus On event. Register at the link below to hear from Clive as he presents the findings of LFF and OMFIF's latest report. ➡ bit.ly/48CPPZ4   #LuxFinance #livestream #finance #innovation #competitiveness #financialservices

#Enduring_Confidence The Private Equity Confidence Survey has been tracking the changing sentiments of the Central European investment community every six months since 2003. Deloitte Central Europe proudly presents the latest report which marks the 43rd edition of the programme. https://lnkd.in/dkZjPh5K

As a Director on the Chartered Business Valuators Institute (CBV Institute) Board of Directors, I am excited to share the findings from the Institute's 2024 M&A Outlook Survey: On the heels of tepid M&A activity in 2023 as dealmakers wrestled with interest rate hikes, inflation, geopolitical pressures and economic uncertainty, the Institute’s 2024 M&A Outlook Survey shows signs of increased activity. The survey, which was fielded among CBV Institute members who were involved in M&As in 2023, finds that nearly six in 10 (58 per cent) of respondents expect M&A transaction activity to increase in Canada over the next 12 to 24 months, as compared to 2023. When asked where increased M&A activity is expected in 2024, industrial products and services (42 per cent), health care (40 per cent) and technology (39 per cent) are the top three sectors identified by CBVs. The full news release and additional findings can be found here: https://lnkd.in/g7VmXaep #cbv #cpa #fei #mergersandacquisitions #businessvaluation #cfo #successionplanning #m&a #teamatb

Increased dealmaking is expected in Australia this year once equity markets clearly signal their belief in the end of the current run of interest rate rises. Complementing our Australian research, our recent global survey of 200 senior executives on international M&A trends shows that there are promising early signs for a rebound in M&A activity in the remainder of 2024. Learn more about our key predictions in the 2024 Global trends and risks report, and, our 2024 Australian public and private M&A outlook reports https://lnkd.in/gpESn_r6