Aksia’s Post

What do we like about investing in Nordic companies? We’re alongside a regionally concentrated investor base, which means the markets are: → Fairly insular → Less exposed to global capital flows The region also has a strong economic outlook (see chart) … … and between Sweden, Finland, and Norway, we’ve found companies with: 👍 strong business fundamentals 👍 solid earnings yields and earnings growth 👍 trading at attractive valuations It all adds up to a region with multiple high-quality investment opportunities. Image: SEB #investing #equities #international = = = 📌 We specialize in little-known non-U.S. small- and mid-cap equities. 📌 Sign up for AZTLAN’s Thoughts on the Run, insights, and analysis in the Featured Section.

Many thanks to Deutsche Börse and the team around Jacqueline Jankang for another very successful Equity Forum Conference (#eigenkapitalforum) at Frankfurt Airport this week. Together with my colleague Tobias Ender we were able to discuss the following aspects of the PATRIZIA SE Equity story with well over 20 international equity investors over two days and in addition present to over 30 investors during our public session. Key topics discussed and major points of interest were: 1) Stabilisation in sentiment for real asset investment markets 2) Asset valuation and market pricing for real estate and infrastructure 3) Our ambition to reach EUR 100bn+ assets under management by 2030 (from cEUR 56bn today) 4) Short- and mid-term triggers for listed investment managers like PATRIZIA 5) Interest environment and asset allocation momentum for the Alternatives sector 6) Improvement in operating efficiency, targets for capital allocation and profitability #investmentmanager #patrizia #realassets #realestate #infrastructure

In 2024, the M&A market in the CEE region continues to serve a mix of enthusiasm and uncertainty. In the latest article on the Fordata blog, Piotr Miszczyk takes a look at the current situation and points to several emerging trends, including: - Challenges in raising capital for M&A transactions - The dominance of strategic alliances over large acquisitions - Artificial intelligence in M&A, its potential and limitations It seems that the transaction landscape in Central and Eastern Europe is more diverse than ever. Traditional thinking about investment processes requires even greater focus on the speed and efficiency of transactions, the need for extremely precise market analysis and extraordinary flexibility of operation. At the same time, high inflation, expensive loans and the war in Ukraine still make buyers tread carefully on the market. However, even such a foggy landscape hides positives. What exactly? Read our latest article to find out more. https://lnkd.in/d_D76b26

Reverting back on our 4th annual Japan Investor Forum in Tokyo—it was a great event where everybody connected with Japan’s leading institutional and private wealth investors. Looking forward to seeing everyone again next year in April 2025! 🇯🇵 #InvestorForum #Tokyo #JapanInvestor #MarketsGroup

Here are my top 5 insights from Gain.pro’s latest report, “The State of DACH Private Equity 2024": 1. PE-backed entries in DACH have rebounded to pre-pandemic levels, though deal activity is lower compared to the rest of Europe. Add-on activity remains robust and at a multi-year high. 2. Exit activity in DACH has stabilized, with strategic exits accounting for half of all exits. IPO exits also seem to be coming back after a very subdued 2022. 3. Advent International emerged as the largest global investor leads investment in DACH with an estimated EV of €18.2bn in the region, followed by Cinven (€13.3bn) and CVC (€12.7bn). 4. Partners group, Allianz Capital Partners, and DWS Group have emerged as the largest DACH HQ’d investors followed by Deutsche Beteiligungs AG 5. PE-owned assets in DACH show strong growth. Industrials make up the largest share of DACH PE-owned assets (+12pp vs. Rest of Europe). Read the full report to learn more about the latest insights and trends shaping the PE landscape in DACH: https://okt.to/OXFfJo

Wednesday Morning Reflections 💡 We're thinking back to an insightful conversation at the Benelux conference, where Pathway’s Stefan Goettl was interviewed by Catheleyne E. about “The Changing Tide in Private Equity."   After reaching record peaks in 2021, the private equity asset class has experienced a significant slowdown in contribution, distribution, and fundraising activity. However, there's reason for optimism: Buyout managers have continued to find selective attractive opportunities, such as leveraging depressed public markets for take-privates and driving growth through strategic add-ons. M&A exits appear to be on the rise, and fund managers have increasingly utilised GP-led secondary transactions to generate liquidity for LPs.   We’re excited to see how these developments help shape the future of private equity. Historically, the asset class has benefitted from similar times of disruption.   Special thanks to the Markets Group organisers for hosting this fantastic event.

I recently spoke to Joan Ng from The Business Times about opportunities in the middle market private equity space. Here are some of the key highlights I had shared: 🏭 Historically, mid market companies have offered the potential of higher growth upside, compared to large companies 🏭 Mid market in US tends to be larger, compared to Asia, in terms of enterprise value. Within Asia, Japan and South Korea have emerged as good hunting ground for mid market deals, given inherent factors such as inheritance tax and succession planning 🏭 Whilst mid market has historically outperformed, the dispersion of returns is also wider. To mitigate this, invesors should adopt a more risk-managed and diversified approach Read here for the full article 👉 https://lnkd.in/gB7NMYEG Thank you Joan, for the timely and insightful coverage on mid-market private equity opportunities! #privateequity #midmarketbuyouts #privatemarkets

As we reflect on the first half of 2024, it's time to assess the performance of the Finnish M&A market and anticipate what lies ahead for the remainder of the year. Despite a challenging economic environment in Q2, some positive signs are emerging globally, which we expect to resonate in Finland soon. 🔑 Key Findings: -Moderate M&A activity: Q2 2024 saw companies and investors adapting to dynamic interest rates and evolving market conditions. -IPO market: The Finnish IPO market was relatively quiet, with Kalmar's listing being a standout event. However, global IPO trends are showing promise, and Finnish companies are gearing up for strategic moves. -Strategic reviews and public tender offers: Ongoing strategic reviews and a couple of public tender offers marked Q2. More public tender offers could arise in H2 2024 due to low valuations, easing inflation, and anticipated interest rate cuts. 💡 Considerations for Dealmakers: -Be open to changes: Flexibility is key. Explore alternative structures like partnerships, alliances, and diverse capital structuring. -Be prepared to act: The market turnaround is imminent. Companies must be ready to move swiftly when opportunities arise. -Seize opportunities: Challenging periods often present the most lucrative deals. Stay informed on emerging trends, growth sectors, and promising opportunities. Read the full report from the link. #MergersAndAcquisitions #IPO #DealsMarket

Smaller-scale IPOs are slowly coming back in Europe after a prolonged inactivity. Several companies across sectors are preparing to go public, reflecting renewed investor interest and market confidence. Improved market conditions, eased inflation, and investor confidence are driving this wave of new listings, signaling optimism in Europe's financial markets. Follow us for more private equity news and updates.

🚨 The PitchBook 2025 EMEA Private Capital Outlook is here! 🚨 Our latest report dives into the key themes shaping markets in 2025, leveraging 2024 trends and data. Highlights include: 📈 European #PrivateEquity middle-market fundraising returns to growth. After three challenging years, deal activity is rebounding, with YoY growth expected in 2025. 🔄 Double-digit growth in PE GP-led #secondary exits. Forecasting $55-60B in exit value globally and 100+ transactions in 2025. 💸 European #VentureDebt stabilizes below 2024 levels. Deal value remains critical, even if slightly subdued compared to 2024’s €16.5B. 📊 Concentrated recovery in #VCbacked #IPOs. Expect a stronger 2025 IPO exit value, with companies like Klarna leading the charge. 🤖 #AI investment reaches new heights. Anticipating record-setting PE and VC activity across Europe in the AI space. 🌍 #MENA private market fundraising bounces back. Fundraising set to exceed $20B, driven by diverse asset classes and growing tech ecosystems. Ready to navigate 2025? Read the full outlook now! 📖 #PrivateCapital #EMEAOutlook2025 #MarketTrends #PrivateEquity #VentureCapital #AI #MENA