IPEM | Event: Cannes 2023
Lincoln International was pleased to attend IPEM Cannes 2023 from January 23 to 25. The event provided attendees the opportunity to connect with other professionals in the private capital markets, learn from expert speakers and discuss the state of the economy, its challenges and opportunities.
Based on our conversations with general partners (GPs) and limited partners (LPs), Lincoln has gathered several key takeaways, outlined below.
- Environmental, social and governance (ESG) remains top of mind for GPs and LPs. ESG is no longer an objective, but a necessity.
- There is cautious optimism for the economic environment overall, given the current volatile state of the market. Further development of the inflation rate and its impact on the interest base rates will be key.
- Financing markets remain strong with lenders being cautious but open for business.
- Many participants expect the first quarter of 2023 to be calm, with transaction activity picking up in Q2.
- Business-to-business companies in the software sector are positioned to perform well, although many are facing some margin pressure caused by salary and other cost increases. Interest from investors in the technology, media and telecom sector remains strong with increased scrutiny on valuations.
- GPs are further diversifying their portfolios, adjusting their investment strategies to focus on more than one sector or product driven by LP demand.
Summary
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Lincoln International's European professionals recently attended IPEM Cannes 2023, an event that connects professionals in the private capital markets.
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Contributors
Each transaction is unique and requires a tailor-made approach. Providing honest and straightforward advice is instrumental to develop mutually trustful relationships and reach the best outcome.
Matthieu Rosset
Managing Director & Co-head of Technology, Europe
Paris
Meet Professionals with Complementary Expertise in Capital Advisory and Mergers & Acquisitions
I am a rigorous advocate for my clients with a hands-on, communicative approach, focused on delivering intense advocacy and outlier results.
Sean Bennis
Managing Director & Co-head of Industrials
Chicago
I am enthusiastic about creating sustainable growth and the highest value for our clients and strive to leave a positive footprint beyond any successful M&A transaction.
Friedrich Bieselt
Managing Director & Head of Business Services, Europe
Frankfurt
I enjoy leading clients and realizing their objectives, while structuring solutions to issues that are both intriguing and challenging.
Øyvind Bjordal
Managing Director | Head of Switzerland
Zurich
I am inspired by working with entrepreneurs and innovators who feel passionately about what they are creating.
William Bowmer
Managing Director & Co-head of Technology, U.S.
San Francisco
I deliver a hands-on approach to provide strategic advice to my clients throughout the transaction and beyond.
Chris Brooks
Managing Director & Co-head of Technology, Europe
London
