Pablo Hofelich

Gründer: Zahl der Start-up-Insolvenzen steigt auf Rekordhoch https://buff.ly/3Y8hwa8 The number of start-up insolvencies has reached a record high, indicating a challenging environment for new businesses. Factors contributing to this trend could include economic instability, lack of funding, or insufficient market demand. It's crucial for entrepreneurs to carefully plan and manage their finances to navigate these risks successfully. According to recent reports, the rise in start-up insolvencies underscores the importance of resilience and adaptability in the business world. #startups #insolvencies

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When charging battery cells, hydrogen accumulates near the ceiling, while lead-acid batteries can release sulfuric acid mist closer to the floor. Both need to be effectively extracted to prevent the formation of an explosive atmosphere. With MAICO's ventilation systems, featuring ATEX-certified "Ex e Increased Safety" fans installed at both floor and ceiling levels, cross-ventilation is achieved to safely and efficiently mitigate explosion risks. In environments with potentially explosive atmospheres, using reliable components with proper ATEX certification is not just a recommendation—it is mandatory!

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MP founding partner, Roman Göd, recently joined the FINANCE Think Tank Corporate Banking & Finance – Eine Initiative der Targecy GmbH podcast What's up, Corporate Finance? to discuss findings from our latest MP industrial Private Equity (MPiPE) Indicator. He shared valuable insights into the shifting dynamics of European private equity firms, highlighting renewed interest in investing in industrial companies and a cautiously optimistic mood in the DACH region. Listen to the full episode for in-depth analysis of the developments shaping the private equity landscape in the coming months.   #MP #mergersandacquisitions #privateequity #corporatefinance #investmentbanking #pe #industrialsector #marketoutlook #privateequitytrends #fundraising #survey #insights #privateequity #investments #europe #podcast 

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Kesseboehmer helps transform your Kitchen from being only Aesthetic to Truly Functional. be Clever.

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Information design

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A few thoughts below on the German Power Plant Strategy (Kraftwerksstrategie) Get in touch if you want to find out more!

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Germany: Economy “Lack of foreign orders” - Exporters' mood increasingly gloomy Exports are a German specialty. But the country's exporters are complaining about declines - so far with no prospect of improvement. A few sectors are exempt from this. 25.09.2024 Sentiment in the German export industry deteriorated for the fourth month in a row in September. The barometer for export expectations fell to minus 6.3 points, from minus 5.2 points in August. This was announced by the Munich-based Ifo Institute, based on a company survey. This is the worst value since February. “Industry is complaining about a lack of orders from abroad,” says Ifo survey director Klaus Wohlrabe. “The export economy is in a weak phase.” The majority of companies are expecting a decline in orders from abroad. “The metal sector and the automotive industry in particular are expecting significant losses,” says the Ifo Institute. Only a few sectors are still expecting growth. These include food and beverage producers. Manufacturers of glassware and ceramics are also hoping for rising foreign sales. In the chemical industry, the positive and negative responses balance each other out: Export business is likely to remain unchanged here. Declines in business with China and the USA German exports to the world's two largest economies have recently fallen significantly: deliveries to the USA fell by 3.2 percent year-on-year to 12.6 billion euros in August, while those to China plummeted by as much as 15.2 percent to 7.0 billion euros. The weakening export business is one reason why the leading research institutes are taking a more pessimistic view of the German economy. In their fall report for the German government, they expect gross domestic product to fall by 0.1 percent this year, according to people familiar with the figures. In March, a mini increase of 0.1 percent was predicted. For the coming year 2025, the forecast was cut from 1.4 to 0.8 percent. For 2026, the institutes are forecasting growth of 1.3 percent. The Joint Economic Forecast will be published on Thursday, meaning that the figures could still change slightly before then. It serves as the basis for the German government's projections in October, which in turn form the basis for the tax estimate. https://lnkd.in/ghSXt_GX

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My colleagues around Dr. David Born have published their latest perspective on the Germany economy. For companies in #industrialautomation it paints a consistent picture we observed across projects in the last 12 months. Order intake is challenging, especially for project driven businesses and paint a somewhat muted picture on what revenue and profitability levels can be achieved in 2025. There are positive outliers depending on what application and industry you focus on.

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German government expects second year of recession in a row October 06, 2024 But no growth: the German government apparently expects the German economy to shrink again in 2024. According to a media report, the German government now expects the German economy to shrink again this year. The economic forecast has been revised downwards significantly, reported the “Süddeutsche Zeitung”. Economics Minister Robert Habeck (Greens) had originally predicted a slight increase in gross domestic product of 0.3 percent for 2024 - now a minus of 0.2 percent is expected. Habeck plans to present the new forecast in Berlin on Wednesday. The move comes as no surprise, as the major economic research institutes have also recently revised their expectations downwards. They expect a drop of 0.1 percent for this year. The main reason for this is uncertainty among companies and citizens. The persistently high level of interest rates is slowing down investment, companies are cautious due to the volatile economic and geopolitical situation and private households are increasingly putting their income on the high side instead of investing in residential property or consumption. Stefan Kooths, German economist and Head of the Forecasting Center at the Kiel Institute for the World Economy, warned of the location's increasing problems in an interview with WirtschaftsWoche at the end of September. Even with a normal economy, there would hardly be any economic momentum. “It is becoming increasingly clear that the German export industry is less and less able to ride the wave of the global economy,” said Kooths. https://lnkd.in/gmcS9i3t

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Germany: Why Green Steel is an extremly expansive Illusion Economics Minister Robert Habeck wants green steel in Germany. Environmental economist Manuel Frondel from RWI Essen believes this is illusory. 30.09.2024 It is a high-risk bet with high stakes: the state is funding the conversion of steel production in Germany with around seven billion euros so that steel will be produced largely emission-free by 2045. The ailing company Thyssen-Krupp alone is to receive two billion euros from the federal government and the state of North Rhine-Westphalia to replace traditional steel production in blast furnaces based on coking coal with production using the direct reduction process, in which green hydrogen will one day replace coking coal. Until then, the lower-emission natural gas will be used on a transitional basis. In this process, sponge iron is produced from iron ore, which is then refined into crude steel using the electric steel process. Compared to the classic blast furnace route, greenhouse gas emissions are reduced by up to 60 percent if natural gas is used, and even more if green hydrogen is used. Why green steel? There are cheaper alternatives With this orgy of subsidies for hydrogen-capable steelworks, it is easy to forget that steel is already produced with low emissions today: in electric steelworks, where steel is mainly produced by melting down steel scrap. Compared to the conventional blast furnace route, this saves around three quarters of emissions. If the electricity required for this were already completely green today, this type of steel production would even be largely emission-free. Another alternative is conventional steel production with carbon dioxide (CO₂) capture and underground storage. Experts assume that this can be achieved at CO₂ prices of 40 to 60 euros per tonne. If, following the approval of CO₂ capture in Germany, pipelines were available in a few years' time that could be used to transport the captured carbon dioxide to countries such as Denmark or Norway, where CO₂ storage is already a business model today, conventional steel production with CO₂ capture would be a far more cost-effective alternative than steel production with green hydrogen. It is also likely that the importance of steel scrap will continue to grow and that it will therefore make an important contribution to green steel production - without high government subsidies. Steel production with green hydrogen would be like bathing in champagne However, it is far less likely that one day there will be enough green hydrogen available for the green steel plants that are yet to be built. Apart from Federal Minister of Economics Robert Habeck, who recently described green steel made in Germany as the future at the steel summit in Duisburg, few believe in this alternative. https://lnkd.in/gcyUajfe

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How can we find safety in a world in turmoil? This works meeting Rolls-Royce Power Systems AG is different: the world is currently more restless than it has been for a long time, both on a global scale and in Germany. Where can we find safety? This was particularly close to my heart today. Safety can mean many things to all of us. For example, working in a company like Rolls-Royce that is doing well despite the fact that the economic situation is not rosy at the moment. A company that has products that are in demand and a strategy that makes it strong. We are making our contribution to the greatest challenges of our time, such as the energy security of the AI revolution – and that also gives us safety. But anyone who walks through the world with their eyes open will also recognise that the fact that we can work successfully and safely in a company in a free country is not something to be taken for granted. We cannot say today what will happen in ten years. Which technologies will inspire us or which conflicts will disrupt our supply chains and markets. But we can work for the safety of us all, for a strong company, a secure workplace and a free society. I know that at Rolls-Royce we have the strength and the cohesion to continue our success story. This also applies in a world in turmoil and obliges us as human beings to stand up every day for freedom, for democracy and for confidence in Germany and in Europe! #RollsRoyce #Freedom #People #Safety Generation CEO e.V.

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Germany: Counter-movement E-car frustration? One in three people switch back to combustion engines October 15, 20024 It is not only when it comes to switching to electric cars that Germans are currently holding back. According to insurance data, the trend is actually reversing. According to a survey, many could only imagine buying an electric car under duress. If the German government has its way, the traffic turnaround should actually only take place in one direction: No more vehicles with conventional diesel or petrol engines should be allowed to be sold by 2035 at the latest, and the proportion of electric cars should steadily increase until then. However, this plan is currently not working out. Not only are fewer and fewer vehicle owners switching from a combustion engine to an electric car following the abolition of subsidies, but a counter-movement has now even begun: More and more electric car drivers are switching back to a combustion engine when buying their next vehicle. This is shown by data from Huk Coburg, which claims to be Germany's largest car insurer. According to the data, around 34 percent of all electric car owners switched back to a diesel or petrol vehicle in the first nine months of this year. And the trend is clearly on the rise: last year, the proportion of people switching back was just 28 percent, in 2022 it was 17.5 percent and in 2021 it was 14.2 percent. Apparently, electric cars are not convincing many owners to stick with this form of drive in the long term. At the same time, the number of people switching from a combustion engine to an electric car continues to fall. This was the case for just 3.6 percent of those insured this year. In the last quarter of the previous year, this figure was 40 percent higher. The uncertainty among car buyers is therefore continuing to grow. This is bad news for the car industry, which has been focusing on electromobility for years, and the sales crisis is unlikely to ease in the short term. Moreover, many Germans would only opt for an electric car under duress: According to a representative survey commissioned by Huk Coburg, 29 percent of respondents said that they would only opt for e-vehicles if “only pure electric cars were allowed to be registered by law”. 45 percent stated that they would not only consider an electric car, but that combustion engines would still be an option for them if they needed a new car. Only 18% agreed with the statement that they would now only consider electric cars when buying a new car. However, in view of the real e-car rate, this figure also seems rather high. According to data from Huk Coburg, electric cars only account for an average of 2.9 percent of the total number of German vehicles. https://lnkd.in/gNciVUWm

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With the EU elections coming up this weekend, our FGS Global colleagues Eva Christiansen, Franziska Ammann and Tina Kunath joined forces with the WHU Institut für Familienunternehmen und Mittelstand Campus team for Family Business and especially with Prof. Dr. Nadine Kammerlander and Katrin Schwarz, to develop a guideline on how to navigate the current political environment as companies are increasingly called out to position themselves on decisive political or economic issues. An interesting read that family-owned businesses shouldn’t miss!  #fgsglobal #europeanelections #familybusinesses #ourinsightsyourimpact

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In Other News...GERMAN DAX HITS ALL-TIME HIGH + 17.1% YTD!!! #globaleconomy #globalmarkets #germaneconomy Germany in Recession and 2024 to Show No Growth, Survey Says https://lnkd.in/gsJ5bEiA

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Check out what my friend Philipp wrote today – and I can’t help but completely agree! 🚨 Have we in Germany been sleeping while China has surged ahead in electric vehicle and battery technology? For years, we’ve welcomed students from China into our universities, we’ve shared our knowledge and expertise – and now, they are applying everything they’ve learned and rapidly overtaking us in the industries of the future. Meanwhile, we seem to be stuck in old ways, protecting our established industries instead of embracing innovation. 🤔 The truth is, China had a blank slate. They didn’t have to worry about preserving an outdated industry, they simply built new ones from scratch. Today, they are not just competing but leading in sectors like electric mobility, renewable energy, and even flying taxis. And what are we doing? We’re still debating whether to invest in the very technologies that are shaping tomorrow’s economy! But should we be angry at them for this? Not at all! In fact, we should be questioning ourselves. We trained their talent, we invited them to learn from us – so how can we now be upset that they’re using this knowledge to their advantage? The real issue is that we didn’t adapt fast enough. So, what’s the solution? Perhaps it’s time we flipped the script. Instead of clinging to the past, maybe it’s time we sent our children to China, to learn from them about the latest advances in renewable energy, battery production, electric vehicles, and the futuristic air taxis that are on the horizon. That’s how we can stay relevant and competitive in this rapidly changing world. What do you think? Is there still time for us to catch up, or have we fallen too far behind? I’d love to hear your thoughts – let’s get this conversation going in the comments!👇

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CTP rents 15,000 m² to WP Logistik in Oschersleben CTP, Europe's largest listed owner, developer and manager of #logistics and #industrial #realestate, announces the #leasing of its logistics property in Oschersleben, Saxony-Anhalt, to WP Holding GmbH, based in Zwickau, Saxony. WP develops and implements integrated logistics solutions from combined forwarding, logistics and process consulting services. As a full-service logistics provider with more than 1,000 employees, the company offers customers intelligent and needs-based solutions for all logistics tasks. The company is moving into 15,000 m² of logistics and service space with around 320 m² of #office and social space and will be using the site to carry out the global spare parts warehouse business for a well-known, internationally active commercial vehicle #manufacturer. Around 40 employees will be working for WP in Oschersleben to repackage spare parts. After goods are received, some spare parts will be repackaged in wooden boxes that are specially manufactured on site. Due to existing space reserves, there is the possibility of a structural extension of the site by a further 4,000 m² to 5,000 m² of usable space for expansion for WP and the #development of its services. "By moving into the new space at the Oschersleben location, we can consistently expand our spare parts warehouse business at a location with an attractive location and connections and even have the option for further growth. With CTP, we have found an experienced partner who will breathe new life into the space while taking our specific requirements into account," commented Carsten Schmidt, Managing Director of WP Logistik GmbH. CTP had acquired the existing property from a logistics service provider and will transform the property into a modern and future-oriented logistics and service location as part of the rental to the new user. The tenant's high requirements, including in the context of preventive fire protection and the possibilities of #sustainable energy generation, will be taken into account. The installation of a PV system (photovoltaics) is being examined, and the building is also to receive modern insulation in accordance with the Energy Saving Ordinance (EnEV). The implementation of e-charging stations is also planned, as the new user will #transport the spare parts with sustainable e-trucks. WP also intends to integrate a workshop for the disabled for wooden box #construction at the site, thus taking the social sustainability aspect into account. Other measures to modernize the site include retrofitting a sprinkler system with an external water tank. Read full story below: https://lnkd.in/e9faHf9H

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The debate surrounding hydrogen and e-fuels as alternatives to battery-electric vehicles is becoming increasingly contentious within the European automotive industry. Often presented as crucial solutions to achieve carbon neutrality, hydrogen and e-fuels are, in reality, closer to a mirage—a “Fata Morgana” that, despite its appeal, fails to hold up under scrutiny for widespread, practical use in passenger vehicles. While these technologies have potential in specific sectors like heavy-duty transport and certain industrial applications, their current efficiency, infrastructure, and cost limitations make them ill-suited for mass adoption in the automotive sector. In contrast, battery-electric vehicles (BEVs) have advanced considerably in recent years, offering Europe an opportunity to take the lead in a market increasingly dominated by Chinese manufacturers. China’s automotive industry has, for years, been strategically positioning itself in the electric vehicle sector, and the results are now becoming evident on a global scale. By leveraging extensive supply chains, aggressive pricing strategies, and significant advancements in battery technology, China has become a formidable competitor, not just in producing vehicles but also in driving innovation forward at an impressive pace. Europe, and particularly Germany, has long been recognized for its engineering prowess. German and European engineers have, over decades, set benchmarks in quality, innovation, and performance. This legacy of excellence could be harnessed to dominate the electric vehicle sector, provided they are given the support and freedom to innovate without being constrained by overly cautious political and industrial policies. Unfortunately, the influence of political agendas and industrial inertia—most notably in Germany and France—has diluted this potential, steering resources towards maintaining legacy technologies instead of embracing the future. If Europe is to compete with the relentless pace of Chinese advancements in battery technology and electric mobility, the time has come to commit fully to BEVs. This “all-in” approach requires mobilizing the full extent of European engineering and industrial capability, free from the constraints of legacy interests. With the right support, Europe could reclaim its standing as a global leader in automotive innovation, driving forward an industry that is not only sustainable but also competitive on the world stage.

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