090703 SECA Romandie-v09€¦ · Corporate Finance Beat Unternährer Chapter Legal & Tax Hannes...

Welcome to our new initiative:Constitution of a „Comité SECA Romandie“

Geneva July 3rd, 2009

Christophe Borer

Swiss Private Equity & Corporate Finance AssociationSchweizerische Vereinigung für Unternehmensfinanzierung

S E C A

Swiss Private Equity & Corporate Finance AssociationSchweizerische Vereinigung für UnternehmensfinanzierungS E C A

1. SECA Organisation overview

2. 25 years of SECA activity

3. Constitution du Comité Suisse Romand

Agenda

2


Key objectives of SECA

According the Executive Committee

1. Position and differentiate the PE industry in the general public (incl. media)

2. Generate and promote a favourable environment for PE and entrepreneurial activities

3. Create Transparency and provide education on PE relevant topics

3


Core activities of SECA

According the Executive Committee

1. Foster and support innovation and entrepreneurial activities

2. Define and enforce best practices and industry standards: Code of Conduct (CoC) for PE transactions, CoC for CF professionals, Swiss Limited Partnership documentation, etc.

3. Identify and document of all relevant business processes in the PE & CF industry

4


Definition of Private Equity: when is PE really PE?

• PE = Investments in non-listed companies• Value creation driven by genuine entrepreneurial

development, not only by financial engineering & arbitrage• Substancial and sustainable economic impact (faster

growing companies…)• „smart money“: challenging & supporting management• Long-term view, at least 3 to 7 years time horizon• PE is an established asset class, not alternative!• PE funds are not comparable with Hedge funds

5


SECA Organisational set-up

ChapterPrivate Equity

Chapter Corporate Finance

ChapterSeed & VC

Chairman

Communication General Secretary*

ChapterLegal & Tax

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* SECA professional support contracted from IFZ - Institut für Finanzdienstleistungen Zug


SECA National Committee

Chairman

Massimo S. Lattmann

Communication

Andreas Thommen

General Secretary

Maurice Pedergnana

ChapterSeed Money & Venture Capital

Christian Wenger


Roberto Paganoni

ChapterCorporate Finance

Beat Unternährer

ChapterLegal & Tax

Hannes Glaus

Ulrich Geilinger

Florian ***Schweitzer

AlexanderKrebs

ChristopheBorer

Leonid Baur

ClaudioStef fenoni

Barbara Brauchli

Rudolf ***Tschäni

Bernd Pfister

7

Peter Letter


Membership Reporting

0

50

100

150

200

250

300

350

2001 2002 2003 2004 2005 2006 2007 2008 2009 Juni

SECA Members 2001 bis 2009 Mitglieder per 31.12

Veränderung

• 302 members

• In 2009: + 13 members (in 6 months) !

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Agenda

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Foundation dates back to 1984 at EPFL

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Chairmen

• Branco Weiss 1984 – 1989

• Hugo Wyss 1989 – 1992

• Ulrich Geilinger 1992 – 1997

• Berndt Samsinger 1997 – 2001

• Massimo S. Lattmann 2001 – 2009

• Bernd Pfister 2009 –

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Honorary Member

SECA

• Branco Weiss Chairman 84 – 89

• Hugo Wyss Chairman 89 – 92

• Massimo S. Lattmann Chairman 01 – 09

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Naming

SVCA Swiss Venture Capital Association

SFCA Swiss Corporate Finance (and Equity) Association

SECA Swiss Private Equity & Corporate Finance Association

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At foundation (1984) …

… New suggestions never adopted(90’) …

… Since 1994/5 onward


Website (www.seca.ch)

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SECA eNewsletter (weekly & free!)

15


Private Equity & Corporate Finance Kongress

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Swiss PE & CF Congress9 Dec. 2009

Technopark, Zurich

… also numerous Evening events and Luncheons


Swiss PE investments reached CHF 1.6B in 2008, ~50% thereof in buyout transactions

0

20

40

60

80

100%

Deal volume(M CHF)

Buyout 843

Growth 398

Later Stage Venture220

Seed/Startup 158

1.619

Number ofCompanies

Buyout 25

Growth 16

Later Stage Venture41

Seed/Startup 82

164

Swiss Private Equity Investments by Stage(2008)

Note: Growth incl. rescue/turnaround financing, buyout incl. replacement capitalSource: EVCA/PEREP_Analytics; SECA

For 2008, investments of Swiss origin (domestic & foreign investments) of CHF 1.6B in 164 companies were reported

Example: Buyout of Koenig Verbindungstechnik by Capvis (the largest transaction in 2008)

A lot of small seed & start-up financing


25 ans de Venture Capital et Private Equity en Suisse Romande

Logitech(1981)

HCT(1984)

Actelion (1997)

Le shop(1998)

EPFL/PSE(1991)

Venture by McKinsey(1998)

EPFL Institut Create (1999)

CTI(2003)

Neode(2003)

Eclosion(2004)

Visiowave(1997)

PionniersStructures &Infrastructures

EntrepreneuriatInstitutionnalisé?

Le Réseau(1998)

BCV/Défi GestionVD Capital (1990)

CSEM /Jade(2005)

Polytech Ventures (2008)

Fondation Renaissance-PME/Vinci Capital(1998)

Novimmune, raised CHF 63m(2009)

Endoart acquired by Allergan(2007)

Premiers succès

Addex IPO(2006)Logitech IPO SWX

(1988)

Logitech NASDAQ(1997)

HCT acquired by Applied Material(2007)

Index Ventures 1st fund (1996)

Swiss LP law (2007)

(Illustrative examples)

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SECA Constitution(1984)





Agenda

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SECA Comité National

Chairman

Massimo S. Lattmann

Communication

Andreas Thommen

General Secretary

Maurice Pedergnana


Christian Wenger


Roberto Paganoni


Beat Unternährer

ChapterLegal & Tax

Hannes Glaus

Ulrich Geilinger


AlexanderKrebs

ChristopheBorer

Leonid Baur

ClaudioStef fenoni

Barbara Brauchli

Rudolf ***Tschäni

Bernd Pfister

20

Peter Letter


Organisation SECA avec Comité Romand

Chairman

Massimo S. Lattmann

Communication

Andreas Thommen

General Secretary

Maurice Pedergnana


Christian Wenger


Roberto Paganoni


Beat Unternährer

ChapterLegal & Tax

Hannes Glaus

Ulrich Geilinger


AlexanderKrebs

ChristopheBorer

Leonid Baur

ClaudioStef fenoni

Barbara Brauchli

Rudolf ***Tschäni

Bernd Pfister

J.-F.Lagassé

Peter Letter

XavierPaternot

JacquesBonvin

ChristopheBorer

M.-H.Hancock

CedricVollmar

NN 2 NN3 NN 2 NN3 NN 2 NN3NN 2 NN3

Comité Romand

NN 2

NN Membres du Comité Romand et de l’executif national

Membres du Comité Romand


Constitution du Comité Romand SECA

• Interested persons to form regional chapter group:• Seed/VC• Private Equity• Corporate Finance• Legal & Tax

• Each regional chapter group to select regional chapter head and deputy 1 & 2 by latest August 21, 2009

• 1st meeting of Comité Romand (Fri Sept 4th, 2009 – tbc)

• Chapter heads to be presented to National Committee (Sept 09)

• Election to the National Committee during GA in 2010

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Objectifs du Comité Romand SECA

• Promouvoir l’innovation et les activités entrepreneurials régionales:• Conférences et séminaires (min 3x par an)• Publication d‘articles• Activités de lobby et Groupes de travail produisant

des „white papers“ (en coordination nationale)

• Documenter et vulgariser les activités de VC & PE:• Mise à disposition d’information en français (p.ex.

code de conduite, VC termsheets, Swiss LP documentation, etc)

• Autres activités et initiatives à définir…

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Calendrier de la SECA Romandie (projet)

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Q3 09 Q4 09 Q1 10 Q2 10

Seed & VC

PE

Corp. Fin.

Legal & Tax

• “Swiss Green deal”, role of public/private financing?(evening event)

• PE asset class forum for Pension funds(seminar on invitation only)

• SECA BF academy


Timeline & next steps

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• Déterminer les « chapter heads » et deputy 1 & 2

• Définir un calendrier d’événements et d’activités par « chapter »

• 1ère réunion du Comité Romand

• Présenter Comité Romand au Comité National

• 21 Aout 2009

• 31 Aout 2009

• 4 Sept 2009

• Sept 2009


Volontaires pour le Comité Romand

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Chapter lead excuséChapter Name Vorname Firma PLZ/Ort interest confirmé

1 Seed & VC Gros Florent Novartis Venture Fund 4056 Basel2 Seed & VC Demaria Cyril Zurich3 Seed & VC Gueissaz Caroline Business Angels Suisse 2000 Neuchâtel4 Seed & VC Paternot Xavier Vinci Capital

5 PE Dujardin Christian Unigestion 1201 Geneva6 PE Kladny Pierre ValleyRoad Capital SA 1201 Geneva7 PE Voisard Marc-Antoine Euro Private Equity SA 1218 Geneva8 PE Wohnlich Dominique CREDIT SUISSE 8070 Zürich

9 Legal & Tax Ah Choon Jean Jacques Schellenberg Wittmer / Attorneys at Law10 Legal & Tax Bonvin Jacques Tavernier Tschanz 1206 Genève YES11 Legal & Tax Defferard Luc Walder Wyss & Partners Ltd. 8034 Zürich12 Legal & Tax Killen Nicolas Borel & Barbey 1211 Geneva13 Legal & Tax Roetheli Andreas Lenz & Staehelin 1211 Geneva

14 Corp. Fin. Chantre Olivier JPh hottinguer Corporate Finance SA 1204 Geneva15 Corp. Fin. Lagassé Jean-François Deloitte Geneva 1215 YES16 Corp. Fin. Lassonde Jean-SébastienPricewaterhouseCoopers SA 1211 Geneva17 Corp. Fin. Liebens Francis Néocia- SDIP SA 2001 Neuchatel 18 Corp. Fin. Mustad Christian Edgar Brandt Advisory SA 1215 Geneva19 Corp. Fin. Pamberg Gunther B. ALCYON SA 2900 Porrentruy20 Corp. Fin. Pierazzi Maurice BCGE Corporate Finance, Capital Transmission S1211 Geneva

21 Com Hancock Marie-Helène Hirzel.Neef.Schmid.Konsulenten Geneva 1215

22 ? Deflon William WSD Strategy Consultants23 ? Kohn Eric F. BARONS FINANCIAL SERVICES24 ? Langel Marc-Alain Langel M&A Consulting 2022 Bevaix25 ? Loeffler Daniel Département de l'économie et de la santé (DES) 1211 Geneva26 ? Pedrazzini Jean-Pierre Egon Zehnder Associes SA 1204 Geneva27 ? Richter Ann c/o PricewaterhouseCoopers 1211 Geneva28 ? Zurmühle Juliette Département de l'économie et de la santé (DES) 1211 Genève


Thank you!

Christophe BorerSECA Swiss Privat Equity & Corporate Finance AssociationGrafenauweg 10CH-6304 Zug

+41 41 724 65 75www.seca.ch / [email protected]

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090703 SECA Romandie-v09€¦ · Corporate Finance Beat Unternährer Chapter Legal & Tax Hannes...

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