Mergermarket Private Equity and M&A Forum Germany 2024
Our flagship event for key players in the German private equity and M&A market
Marriott Hotel, Frankfurt, 60486
23
Apr
Fireside chat: German ECM outlook – Where are the exit opportunities for private equity funds?
The European IPO market was subdued in 2023, but several European companies are expected to launch rights issues in 2024 after a slowdown in cash call activity in 2023. In Germany, only three companies listed in 2023 – Ionos, Thyssenkrupp Nucera, and Schott Pharma. The total issuance volume significantly decreased to €1.9bn, marking the second-lowest value in the past ten years. Hope is directed towards 2024 with perfume chain Douglas and long-distance bus operator Flix prepared for IPOs. Techem and Stada might transition to the stock market from private equity ownership. DKV Mobility and Personio are also said to be considering their positions.
- What are the reasons for such low ECM activity in Germany recently? Are IPOs still an attractive exit option for private equity funds?
- How are industry-specific dynamics affecting IPO activity in the DACH region? What other exit opportunities remain attractive?
- How are alternative funding methods, such as SPACs and direct listings, impacting the traditional IPO landscape?
- Are private equity funds considering dual-track processes when they are considering exits?
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SpeakersDr Knut Sauer Partner ALLEN & OVERY LLP
Johannes Meier Investment Advisory Professional TRITON PARTNERS
Marko Maschek Founding Partner MARONDO
Catherine Ford Consultant Editor MERGERMARKET
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Dr Knut Sauer, LL.M. (University of Chicago), a German Rechtsanwalt and admitted as attorney at law in the State of New York, is a partner in our German corporate department and heads our German Equity Capital Markets practice. He has extensive experience in a broad range of capital markets and corporate transactions of listed companies, in particular IPOs, capital increases and rights offerings, block trades and private placements, convertible and exchangeable bonds, bonds with warranties, high yield and investment grade bonds as well as takeover offers and other public M&A transactions. His practice also includes capital markets-related regulatory advice and corporate governance matters.
Johannes is an Investment Advisory Professional at Triton with focus on the industrial technology and automation sector. Johannes joined Triton from KPMG AG in Frankfurt, where he worked as consultant in Transaction Advisory Services. Previously, Johannes worked at KPMG AG in the audit department and in Finance at Voith GmbH. He is a CFA Charterholder and has a Bachelor of Arts in Business Studies.
Marko Maschek combines engineering education with entrepreneurial acumen. He grew up near Stuttgart and was an employee in the family-owned company during his school days.
After his military service he worked in consulting and software development patenting several developments in automotive applications.
Marko has been a VC- / PE- investor in Germany and the US since 1997 and co-founded Pinova and Marondo. He has been responsible for nearly 30 technology companies where some achieved a successful IPO.
Marko earned a degree in electrical engineering from KIT, an advanced degree in computer sciences from INSA (Lyon) and an MBA from Cambridge.
Catherine Ford is a consultant editor for the events division at Mergermarket. She is a consultant editor to event programmes, and engaged in the development of timely editorial content for global corporate finance, M&A and capital markets related conferences and events. She routinely moderates discussion panels at conferences across the region. She has worked for Mergermarket since early 2002, holding a number of senior editorial roles in the company’s European, US and Asia-Pacific head offices.