Philippe Englebert

Excited to share the new Gain.pro report on French PE market 🇫🇷🌟 What are the key takeaways? ✔️ PE-backed entries are on track to hit a new high this year, driven by a surge in activity in the Services, Industrials and TMT sectors. ✔️ PE exits are up, driven by a particularly strong Sponsor-to-Sponsor exit market, but multiples have dropped to 9.3x, and holding periods are now at 6.1 years. ✔️Ardian leads as the largest sponsor investing in France, managing a total estimated EV of €12.6bn in the region, followed by Bpifrance (€11.1bn) and Clayton, Dubilier & Rice (€10.6bn). Download the full report here ➡️ https://okt.to/86JheY

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Soooo pretty much how French VC has always been. VC firms suing each other. LPs firing GPs. LPs taking funds back. VCs suing entrepreneurs. It's always been a dramatic scene. 🇫🇷 🐓🍷🥖 https://lnkd.in/eK8JbgDA #vc #venrurecapital #startups #entrepreneurs #entrepreneurship #tech #technology #innovation #money #business

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📈 What drives top-tier performance in venture capital? In the latest episode of Entretien avec un VC by Benjamin Wattinne, Serena Partner Sébastien Le Roy, author of the Serena European SaaS Benchmark, unpacks what it takes to make a venture capital fund thrive. 🧑‍💻 Sébastien began as an engineer and entrepreneur until a pivotal trip to San Francisco shifted his career towards VC. Returning to France, he joined Serena as an intern, where his passion took root, ultimately leading him to become a partner. 🎙️ Some key takeaways from this episode: ✨ VC is high-risk, high-reward. Serena’s “home run” philosophy is about backing bold and visionary founders who can multiply the fund’s size and change the landscape of their industry. By partnering with them on strategy and execution, we accelerate growth in high-stakes environments. ✨ Most VC teams typically include two operating members. At Serena, we’ve built a team of eight. This larger structure provides founders with the resources needed to streamline execution and prepare for funding rounds. Our approach, recognized by the France Digitale Operating Talent Award, reflects our commitment to going beyond capital to address founders’ evolving needs. ✨ The Serena Squad, our network of over 500 C-level executives across our portfolio, is a powerhouse for founders. This community grants their teams access to practical templates, growth-focused workshops, and direct peer support. By connecting with other leaders, founders and their teams can navigate common challenges and scale more effectively. ✨ Our focus on Applied AI and Climate Tech At Serena, we’re especially enthusiastic about two areas: ➡️ Vertical AI solutions tailored to industries like finance and manufacturing, solving complex problems at scale. ➡️ Climate Tech, with a focus on decarbonization and biodiversity.  ➡️ One of Serena's standout investments is Descartes Underwriting, which operates at the intersection of AI and climate. Descartes leverages artificial intelligence to build parametric insurance models, assessing and pricing climate risks in real time. 💡 Spotlight: Jimmy A “coup de cœur” for Sébastien, Jimmy Energy is revolutionizing industrial heat decarbonization with nuclear fission—a game-changer for emissions-heavy industries. Tune it to deep dive into the inner workings of VCs!

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44% of the majority PE-backed assets in France 🇫🇷 have 2 or more co-owners. In contrast, less than 20% of assets are co-owned in most other European regions. 📖 Read 'The State of France Private Equity Report 2024' for more insights into the deal activity, portfolio stats and largest French PE investors. Download here (EN & FR) ➡️ https://okt.to/1Tw2oQ #privateequity #franceprivateequity

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🚀 For the last 6 months, we've been working on a new programme to accelerate VCs raising their next fund... 🎙️ I am delighted to announce we are now live! Applications are now open to participate in the first programme for emerging VC managers based in Europe, providing fundraising workshops from fundraising experts, LP connections and world-class mentoring. We kick off the first cohort of 15 - 20 VCs in Q1 2025. 🧐 Fundraising is hard. Hard for founders. Even harder for VCs. There is a vacuum of fundraising support for funds, and there's never been a more difficult time to get one off the ground... So what do participating funds receive? 1️⃣ Warm introductions to Limited Partners and Family Offices 2️⃣ Fundraising templates 3️⃣ 10+ hours of world-class mentoring 4️⃣ Content delivered through workshops with a focus on fundraising 5️⃣ Strong peer community 6️⃣ Opportunity of an LP commit from our network Who are the mentors? 👥 VC mentors include founding partners from some of the most successful VCs in Europe such as LocalGlobe, Dawn Capital, Hoxton Ventures, Partech, Heartcore, Speedinvest, and many more. Collectively, they have raised over $11bn across 80 funds 🤯 👥 LP mentors include investors from some of the most active Limited Partners such as the BBB, KfW, Isomer and many more. Who is the programme for? 🚀 Emerging VCs (broadly those raising Funds I - III) based in Europe 💰 We expect applicants to already be exceptional investors, we will focus on making them exceptional fundraisers. How much does it cost? 💰 👉 It's completely free! With no hidden costs. We want to avoid selection bias and level the playing field for under-represented managers What is the time commitment? ⏲️ 👉 Designed to fit a General Partner's busy schedule, participants will attend at least 3 LP networking events, 6 days of high-impact workshops over a 3-month period and receive 10 hours of mentoring. How to apply? 🎯 👉 You can learn more & apply directly from our website 👉 All those applying will receive access to LP investor lists, fundraising templates and exclusive benefits from our partners. How will we select the funds? ⚖️ With the help of Blue Future Partners, our fund selection partner, we will select VCs with a differentiated strategy, a partner team with deep domain experience, and those that we believe will most likely become the next generation of top-tier funds. 🎗️ I researched and dilligenced all the VC service providers I was recommended, to select partners with a track record of supporting the Emerging Manager community. This programme would not have been possible without the support of: HFL as our fund admin partner 📕 Osborne Clarke as our legal partner 📃 Sage as our technology partner 🧑‍💻 Ballou as our PR partner 🎤 Leela Capital Regulatory Solutions as our regulatory partner 𝍍 Johnston Carmichael Chartered Accountants and Business Advisers as our accounting partner 🧾

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💸 Our business angel cash-out guide is out! 💸 I put together these 4 rules, compiling years of experience advising the best VC investors in managing their portfolio and their exit strategies ( 👋 Romain Afflelou Jean-David BENICHOU Jeremie Attali Marc Menasé Patrice Giami Fanny MIARA) For early-stage investors, finding the right monetization path is a significant challenge. The best, and most complex, option is selling shares on the secondary market. I put together this guide to help early stage venture investors maximize their returns, structured around four major rules RULE 👍 : Prepare this transaction strategy ahead of time RULE 🤘 : Find the right timing to do so RULE 👌 : Price their shares on the secondary market RULE 👊 : Efficiently manage your secondary process You can access the full version of the guide on https://lnkd.in/eqY2XQ_M If you want advice on how to maximize your portfolio I am more than happy to seat with you and discuss your strategy - just book a timeslot in my agenda https://lnkd.in/eFCPXU_g #venturecapital #businessangel #ROI #secondary #portfoliomanagement

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Private Credit Apollo Is Boosting $70 Billion ‘Hybrid’ Credit, Equity Business : set to debut third Hybrid Value strategy next year hybrid model can be particularly appealing as many startups remain private for longer “We’re seeing investors allocate capital from their private equity or special situations budgets” Hybrid strategies offer “credit-like” yields with more downside protection than typical credit funds ‘Deal Opportunities’ “The private markets sorely need this” “We are seeing more and larger deal opportunities” Apollo sees hybrid business being used in pension funds

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Excited to share the new Gain.pro report on French PE market 🇫🇷🌟 What are the key takeaways? ✔️ PE-backed entries are on track to hit a new high this year, driven by a surge in activity in the Services, Industrials and TMT sectors. ✔️ PE exits are up, driven by a particularly strong Sponsor-to-Sponsor exit market, but multiples have dropped to 9.3x, and holding periods are now at 6.1 years. ✔️Ardian leads as the largest sponsor investing in France, managing a total estimated EV of €12.6bn in the region, followed by Bpifrance (€11.1bn) and Clayton, Dubilier & Rice (€10.6bn). Download the full report here ➡️ https://okt.to/I2rQzE

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 🚀 OSS Ventures Secures €8.5 Million to Propel the Future of Operations 💡 We are thrilled to announce that OSS Ventures has successfully secured €8.5 million in our latest funding round! This milestone was made possible by our esteemed investors, including Tikehau Capital, Bpifrance on behalf of French Tech Accélération 2, Etablissements Peugeot Frères, and visionary business angels like Max Pog. 🌿 At OSS Ventures, we are driven by a mission to make industrial operations not just more efficient, but also adaptive and future-ready. We envision factories where technology and human ingenuity combine to create sustainable solutions that meet the challenges of tomorrow. 🌎 Our vision extends beyond technological advancement. We're committed to transforming the very foundation of how goods are produced, addressing critical challenges like climate change and working conditions in the process.  Since our inception in 2019, we've launched 15 startups, invested in four external projects, and our innovative solutions are now empowering over 40,000 operators across nearly 2,200 industrial sites worldwide. 🔧 "Operations account for 25% of the world GDP, yet only a fraction of startup funding goes to this sector. This funding round is pivotal as we aim to scale our impact globally thanks to our esteemed investors for their confidence, » says Renan Devillieres, our CEO. 🙌 A huge thank for the trust and support of our investors and to every team member, partner, and supporter who is part of this transformative journey. #OSSVentures #Innovation #Fundraising #FutureOfManufacturing Francois Lavaste Romain FRIEDMAN Pierre GILLET Frédéric Villain Ulysse Laroche Pierre GILLET Océane Fleury Renan Devillieres

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I’m pleased to have contributed to Arianee’s position paper, "From A Production-Based to A Service-Based Economy: The Role of Tokenization in Decoupling Growth." This insightful paper tackles a topic close to my heart. This paper outlines numerous practical strategies for companies to progress on tackling overproduction while creating new economic opportunities. Thank you Arianee, Pierre-Nicolas Hurstel and of course my friend Francois Souchet for the opportunity to collaborate. #circulareconomy #technology #circularbusinessmodels #sustainability

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Great insight shared by Oliver Gottschalg and his team, always enjoy the read and production! Looking at this league table from an #ASEAN-centric view... The region has roughly USD 50b in total #PrivateEquity #AUM, which is <1% of North America's, yet, TWO of its homegrown #PrivateEquity managers make the TOP 20... Uncanny! 🤔 At Collyer Capital, we are not shy in admitting that our region has historically been #volatile and fraught with #risk. That said it is making great strides towards #institutionalising and becoming increasingly #attractive for investors. Proof in the pudding... 10% of the global Top 20 comes from #ASEAN! Well done to Creador and PENM Partners! #CollyerCapital #CCPL #PrivateEquity #TopPerformance

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📩 How did September fly by so fast? Here’s a snapshot of what RAISE Sherpas portfolio has been up to 👇🏼 💰 🎉🎉🎉 - La Solive raised €4 million round lead by Partech. They offer short, intensive courses to retrain adults as energy renovation project managers. - Jump secured €11M to enhance the lives of freelancers across Europe, making work more flexible and fulfilling. 🤝🏼🤝🏼🤝🏼🤝🏼 - Maxime Mistretta, PhD. from Spore.Bio has been recognized as one of the most promising professionals in food safety by Stop Foodborne Illness, the leading global NGO in the field. - Osium AI (YC S23) has partnered with DECATHLON PULSE to push boundaries in material innovation through AI. - finres was at the PREVENT Project, highlighting Mediterranean climate risks like water scarcity and wildfires. Collaboration with European experts is vital for developing evidence-based solutions to enhance climate resilience in the region - Oklima and Riverse have united to support industrial decarbonization with certified carbon contribution projects. - Upway launched an exclusive e-bike series with Antoine Dupont, with profits going to charity—merging sports with social good. - Theremia is in the new cohort of SISTA Entrepreneurs x @Connect Her by BNP Paribas. We are also looking for our next star intern To support the financing of high-impact startups, from pre-seed to Series B.> https://lnkd.in/gRWPNZX9 If you're a founder, operator, or investor, evolving in impact sectors - I'd be happy to connect!

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Most recently, we wrote on the French #elections, EU #realestate and economic #growth. Read ⬇️ 📢 Exciting news! Our latest quarterly report highlights positive changes in the global economic landscape. We have upgraded 15 countries and downgraded two, indicating a potential recovery in global economic growth to +2.8% for 2024-25. In terms of sectors, we have upgraded 15 and downgraded eight, reflecting a slight cyclical improvement. Notably, #transportation and #energy sectors show improved outlooks, while the household equipment sector faces challenges. 🏢 The risk of stranded #assets in European commercial real estate is a growing concern. The revised Energy Performance of Buildings Directive has increased scrutiny on Europe's buildings sector. While progress has been made towards emission-reduction goals, further efforts are required to decarbonize energy supply and increase energy efficiency through renovation. Our estimates indicate that approximately EUR165bn is needed for the renovation of non-residential real estate in EZ-4 countries to achieve the 1.5°C compliance target set for 2024. Failure to renovate could expose European banks' portfolios to EUR400bn worth of commercial real estate assets at risk of becoming stranded in the next decade. 🗳️ The upcoming French elections have investors on high alert. The potential outcomes could have a significant impact on the #markets. In the event of a hung parliament, we anticipate investors seeking buying opportunities, leading to a decrease in the risk premium on French assets. However, the possibility of a far-right or far-left government coming to power introduces two alternative market outcomes. https://lnkd.in/eNz6dw35 #Ludonomics #allianztrade #allianz

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The Venture market is very weird right now and it sometimes feels like we are in the hottest and coldest fundraising market ever at the same time. Time to invest or time to wait? I’ve tried to summarize my understanding of what’s happening in a blogpost. 

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[MEET THE JURY 3] Get ready to meet the exceptional members of our jury! We are delighted to introduce 5 of the investors who will be evaluating the presentations of 20 EIC Fund companies on 13 November at the 𝗘𝗜𝗖 𝗮𝗻𝗱 𝗝&𝗝 𝗛𝗲𝗮𝗹𝘁𝗵𝗰𝗮𝗿𝗲 𝗜𝗻𝘃𝗲𝘀𝘁𝗼𝗿 𝗗𝗮𝘆, 𝗽𝗼𝘄𝗲𝗿𝗲𝗱 𝗯𝘆 EuroQuity - Bpifrance. ⭐ Lisanne Blauw Associate at Thuja Capital. Thuja manages several venture capital funds aimed at building and scaling companies in the fields of (bio)pharmaceuticals and medtech. In addition to generating a financial return for investors, Thuja’s investments positively impact the health and well-being of patients. Thuja serves physicians and patients worldwide by providing capital to daring entrepreneurs with ground-breaking product concepts locally.   ⭐ Claire Poulard Investment Director at Turenne Groupe. With more than € 350M dedicated to healthcare, Turenne Capital Healthcare team invests across the whole value chain of healthcare companies in Europe : from venture capital to buy out.   ⭐ Erki Mölder Managing Partner at Verge HealthTech Fund. Verge is an early-stage venture capital firm based in Singapore, exclusively focused on impactful healthcare technologies that have global applicability, especially for underserved populations. The team is composed of former founders or operators who take a hands-on, activist mindset to working with healthtech startups. The partners have invested in over 50 healthtech startups around the world since 2013.   ⭐ Fabienne Roussel, Partner at Vesalius Biocapital IV Partners, which is investing in appealing, later-stage companies in drug development, medical devices & diagnostics and eHealth / mHealth, predominantly in Europe. The companies in their portfolio are dedicated to addressing unmet medical and market needs while prioritizing strong intellectual property protection. Would you like to be part of this ? Make sure to secure your seat. #HealthTech #biotech #medtech #eicAccelerator #EUeic #Healthcare #Investors

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