INREV’s Post

Régis Bégué appeared on BFM Business last Friday to discuss small and mid capitalisation companies and their values which are historically low compared to large caps. Régis recently joined our Partner Zadig Asset Management as a partner and will run the Memnon European Fund and other European equity mandates with Vincent Steenman. Normally small caps trade at a premium to large caps because they are believed to have faster growth and simpler business models. Régis says that on average they have traded at a premium to large caps in Europe of around 20% but they are currently at zero (0%) which he finds extremely low. Watch the video here: https://lnkd.in/eUCeUw6R Régis also spoke about energy stocks and their potential here: https://lnkd.in/etrnms9f #MarketingCommunication The fund’s legal documentation and summary of investors’ rights are available, in English, here: www.zadigfunds.com. Any investment involves some degree of risk.

+++ 🇪🇸 Another blowout to loan investors. Brookfield's decisions to withdraw a €6.45bn take-private offer for Grifols deprived the European debt capital markets - hungry for more new money supply - from approximately €11bn debt package. Loans and bonds issued in euros and dollars, as well as an undrawn revolver, were part of the overall financing. As for other would-be LBOs, valuation gap was the centre of the dispute, with Brookfield asking for less than expected by large minority shareholders +++ With William Macadam and Laura Thompson. Story on 9fin: https://lnkd.in/dXrd3Nxk

Returns from investments in small-companies exceed mid/large cap investments. This is the thesis for Tail End Capital Partners and the reason we invest in single asset lower middle market companies through sponsor-led secondary transactions. Small-cap companies traditionally are held at more reasonable valuations and it's easier to double the EBITDA of a small cap company than a large cap. Multiple accretion is more likely growing a small cap company than a mid/large cap company. Finally, there is much less competition in the lower middle market than mid/large cap market. Source of chart: August, 2024 Seine Capital whitepaper - "How Secondaries Defy the Efficient Frontier" Authors: Chad Eric Zidow & Francois Robey Whitepaper: https://lnkd.in/dnY5gnwF #sponsorledsecondary #gpledsecondary #generalpartner #secondary #secondaries #cv #continuationvehicle #secondarymarket #secondaries #pe #privateequity #lmm #lowermiddlemarket #liquidity

Europe has not had a great 2023. One way to gauge this is by looking at the results of some of the Euro-centric companies, specially the utilities. Here is my write up reviewing 2023 earnings reports from some of my European holdings. https://lnkd.in/euF_fdxx #coffeecaninvestor #coffeecanportfolio #EarningsUpdate #europe #portfolio

Amid evolving investor needs and demand for responsible investing, a comprehensive family of strategies and investable products has grown around the STOXX Europe 600 index in the past 26 years. Discover more about the benchmark: https://hubs.la/Q02C0G070 #STOXX #STOXXEurope600 #EuropeanEquity #EquityMarkets #ResponsibleInvesting

Welcome to 'Decode'! Swipe through as we dive deep into the Purchasing Managers' Index (PMI) and uncover its impact on global markets, industries, and your investment decisions. Click to Know More: https://bit.ly/3woOszJ #miraeassetmutualfund #miraeasset #mutualfund #funds #PurchasingManagersIndex #PMI #industryupdates #stayinvested #assets #investor #investment #decode #marketinsights

Is Germany among the biggest losers in global business competition? And how do Germans invest? Time for facts! Once again we have answered these questions (and many more) together with Institut für Vermögensaufbau (IVA) AG based on an anlaysis of more than 62.000 real #portfolios - in the broadest data-supported analysis of the investment behavior of independent German #assetmanagers. The results are summarised in the study "Trendmonitor Vermögensverwaltung (#TMVV) 2024". The core finding: is worrying. #tmvv #wealthmanagement #assetmanagement #assetallocation #investing #wealthtech Read more: Trendmonitor 2024: Germany is losing the trust of its own investors / German capital is migrating abroad https://lnkd.in/dz4fXSNX

Denis Litvinov has been managing investment portfolios since 2012, and since 2017, he has registered his company, Eagle Management, in Spain. Investors from around the world with varying risk tolerances turn to him, and individual financial instruments are created to meet their needs. We discussed where to invest money now, whether it's possible to double capital in one year, and what the manager does when clients worry about stock market declines. [EN] https://lnkd.in/du5rkWGc [ES] https://lnkd.in/dtuDr6V6 [RU] https://lnkd.in/dncJKXku

The private equity landscape in Europe is fairly concentrated at the upper end. The 250 largest private equity investors in Europe collectively oversee a total enterprise value (EV) of €1.6tn. Among them, the top 25 investors manage 46% of this total EV, while the top 50 manage 66%. 🔎 Discover more investment trends among the top PEs in Europe by reading our full report: https://okt.to/uV6nCj #privateequityinvestors #investorranking #theeurope250

„Looking back at the second quarter of 2024, German M&A activity has remained stable, with a slight upward trend emerging towards the second half of the year.   Despite the first interest rate cut in Europe in five years, prevailing uncertainties and high interest rates are keeping investors cautious. However, the number of unresolved successions and the high level of capital raised suggest that M&A activity will eventually pick up, especially in the lower & mid-market.   In Q2 2024, the most active sectors were business services, technology, and several industry verticals that incorporate sustainability aspects." – Sam Brozynski For more information, please reach out to Sam via DM.     #Germany #IOMAdvisory #MandA #Q22024 #dealsdonehandson #PrivateEquity #deals #reachma