Climate change and private equity in MENA / Leïla WENNER / 2022

Titre : Climate change and private equity in MENA Type de document : Mémoire Auteurs : Leïla WENNER, Auteur Année de publication : 2022 Importance : 33 p. Note générale : Pour accéder aux fichiers PDF, merci de vous identifier sur le catalogue avec cotre compte Office 365 via le bouton CONNEXION en haut de la page. Langues : Anglais (eng) Mots-clés : Management ENVIRONNEMENT ; CAPITAL INVESTISSEMENT Résumé : Private Equity seems to be the best mean to implement changes and is the first investment tool to reflect the current society’s burdens. Indeed, possibility is given to investors to concentrate on some companies and choose them according to their activity and their sector; it is then possible to invest in multiple sectors like renewable energies, healthcare, agriculture, or even education to optimize their overall impact. In parallel, the horizon of such investment enables investors to observe and measure these companies after investment. However, a few obstacles might hinder the MENA governments to implement sustainable changes although efforts have increasingly been made over the years. Other sectors are still overrepresented to SRI ones, since there is still a common belief that investors must choose between impact financing and financial results, while the unstable context could represent additional risk for investors. Moreover, both lack of common standards for SRI and tools to measure it, as well as the lack of consensus within MENA but also worldwide hamper the implementation of clear strategy within PE funds. Yet, responsible investing is even more required of companies by stakeholders and limited partners in PE funds. Indeed, activist funds are expected to be even more present on the sector to implement and promote sustainable changes. Programme : PGE-Reims Permalink : https://cataloguelibrary.neoma-bs.fr/index.php?lvl=notice_display&id=571600

Between Private Equity, Risk-free Investment, and Traditional Stocks, What Have We Learned from SPACs, and Who Are They Best For? Literature review on the growing SPAC phenomenon / Thomas ETIENNE / 2021

Titre : Between Private Equity, Risk-free Investment, and Traditional Stocks, What Have We Learned from SPACs, and Who Are They Best For? Literature review on the growing SPAC phenomenon Type de document : Mémoire Auteurs : Thomas ETIENNE, Auteur Année de publication : 2021 Importance : 29 p. Note générale : Pour accéder aux fichiers PDF, merci de vous identifier sur le catalogue avec votre compte Office 365 via le bouton CONNEXION en haut de page. Langues : Anglais (eng) Mots-clés : Management ACTION ; CAPITAL INVESTISSEMENT ; RISQUE Résumé : Between Private Equity, Risk-free Investment, and Traditional Stocks, What Have We Learned from SPACs and Who Are They Best For? Special Purpose Acquisition Companies (SPACs) have been around for years. They have known different phases and faced different market conditions. SPACs, often r eferred to as “blank check companies”, “development stage companies”, “or “shell companies” (V. M. Jog & Sun, 2007) are founded by one or several skilled managers who have acquired a positive reputation with investors. With a life span of two years, SPACs raise money through an IPO and then are given eighteen months to identify a private com pany and complete an acquisition, thereby taking it public. Known as an alternative and cheaper way to go public, SPACs IPOs have recently surged dramatically. The recent and sudden gain in popularity of SPACs has raised questions about the sustainability of the phenomenon. Are SPACs’ risks underestimated? Who benefits from these IPOs? What type of investors has been investing in SPACs? Are shell companies appropriately regulated? Is it a local or worldwide phenomenon? These are some of the questions that one could ask when considering these trendy companies. Although these investment vehicles have existed for decades, the literature on the subject is rather scarce. In this literature review, we will identify what research has been conducted on SPACs, what we know so far about them, and attempt to identify new horizons and questions that remain unanswered to date. Programme : MSc Finance, Investment & Wealth Management Permalink : https://cataloguelibrary.neoma-bs.fr/index.php?lvl=notice_display&id=538605

Comment l’intégration des critères ESG influence-t-elle la valorisation des portefeuilles des fonds d’investissement en Private Equity ? / Michel MÉLISSA / 2021

Titre : Comment l’intégration des critères ESG influence-t-elle la valorisation des portefeuilles des fonds d’investissement en Private Equity ? Type de document : Mémoire Auteurs : Michel MÉLISSA, Auteur Année de publication : 2021 Importance : 82 p. Note générale : Pour accéder aux fichiers PDF, merci de vous identifier sur le catalogue avec votre compte Office 365 via le bouton CONNEXION en haut de page. Langues : Français (fre) Mots-clés : Management FONDS D'INVESTISSEMENT ; PERFORMANCE ; FINANCE D'ENTREPRISE ; CAPITAL INVESTISSEMENT Résumé : Des initiatives propres au secteur du capital investissement ont vu le jour comme le projet : One Planet Private Equity Funds (OPPEF). L’OPPEF a été créée en décembre 2017 à l’initiative de cinq acteurs du Private Equity : Ardian, Carlyle, Global Infrastructure partners, Macquarie Infrastructure and Real Assets (MIRA) et SoftBank Investent Advisers. L’initiative consiste à promouvoir l’intégration des facteurs environnementaux dans les processus d’investissement des sociétés de gestion spécialisées en Private Equity, pour répondre deREPRODUCTION ET DIFFUSION INTERDITES 9 manière accélérée aux problèmes environnementaux énoncés par l’Accord de Paris (M. Segal, 2021). La dynamique inhérente à l’intégration de facteurs environnementaux, sociaux et de gouvernances dans une thèse d’investissement a été accélérée par l’élection du nouveau Président Américain Joe Biden. Il a matérialisé sa volonté de s’engager dans une démarche durable et responsable en militant pour le retour des États-Unis dans l’Accord de Paris. Les diverses actions mises en place pourraient permettre l’accélération de la démocratisation de l’ISR au sein du Private Equity selon Chardin en 2021. Toutefois, au vu de la jeunesse du secteur et du manque de recul face aux réels impacts de l’intégration des critères ESG, de nombreuses questions restent en suspens. Ainsi, il est légitime de se demander comment l’intégration des critères ESG influence-t-elle la valorisation des portefeuilles des fonds d’investissement en Private Equity ? Pour répondre à cette problématique nous posons trois hypothèses de travail : Hypothèse 1 : la performance financière du portefeuille évolue lorsqu’on prend en compte les critères ESG dans la valorisation Hypothèse 2 : l’intégration de critères ESG améliore la valorisation à long terme du portefeuille par rapport à une situation sans intégration ESG Hypothèse 3 : l’intégration de critères ESG améliore la valorisation des entreprises dites durables, tandis qu’elle dégrade la valorisation des entreprises non durables Pour réponde à cette problématique et infirmer ou confirmer nos hypothèses de réflexion, nous allons suivre un plan en trois étapes. Premièrement, une revue de la littérature permet de mettre en perspective les divers travaux effectués autour de notre thème d’étude. Puis, nous allons poser les bases théoriques de notre démarche d’étude scientifique. Pour finir, nous allons mettre en relation nos résultats d’étude empirique pour comprendre les mécanismes sous-jacents à l’intégration des critères ESG et à leur impact sur la valorisation d’un portefeuille d’entreprises. Programme : MS Analyse Financière Internationale (ft)- Reims Permalink : https://cataloguelibrary.neoma-bs.fr/index.php?lvl=notice_display&id=539127

How can limited partners in private equity implement a responsible investment strategy? / Elora MASSE / 2021

Titre : How can limited partners in private equity implement a responsible investment strategy? Type de document : Mémoire Auteurs : Elora MASSE, Auteur Année de publication : 2021 Importance : 28 p. Note générale : Pour accéder aux fichiers PDF, merci de vous identifier sur le catalogue avec votre compte Office 365 via le bouton CONNEXION en haut de page. Langues : Anglais (eng) Mots-clés : Management INVESTISSEMENT ; CAPITAL INVESTISSEMENT ; ENVIRONNEMENT SOCIAL ; GOUVERNANCE DE L'ENTREPRISE Résumé : The pandemic has exacerbated the discussions around sustainability as it has sparked a severe global economic crisis and worsened inequalities. This year is the sixth anniversary of the adoptions of both the United Nations Sustainable Development Goals(SDGs) and the Paris Climate Accord and social and environmental challenges are at the centre of the economic and political debate . The International Energy Agency (2015) has estimated that to shift to a lower-carbon economy, it requires around $1 trillion of investments a year for the foreseeable future. To reach this goal, asset managers and banks have a critical role to play to fund innovate solutions to ESG (Environmental, Social, and Governance) issues and look for new investment opportunities. Climate change poses serious risks to the global economy and impact most economic sectors while aggravating social inequalities. These problematics gave rise to responsible investment which can contribute both to value creation and risk mitigation and led investors to not ask “if” they should integrate ESG but “how?”. This dissertation will be focused on the private equity industry because the proximity between investors and companies’ management facilitates the allocation of funds to sustainable companies. The integration of ESG-related issues in the industry is led by Limited Partners that require a more sustainable approach to investing from private equity funds. As social and environmental challenges are evolving constantly, those investors can be lost when it comes to implementing a responsible investment strategy. This dissertation intends to outline an adaptable framework for Limited Partners that are interested in sustainable investments and especially impact investing. Programme : MSc Finance, Investment & Wealth Management Permalink : https://cataloguelibrary.neoma-bs.fr/index.php?lvl=notice_display&id=538611

How to improve private equity exit performance in emerging countries? The US vs China experience / Thi Le Anh NGUYEN / 2021

Titre : How to improve private equity exit performance in emerging countries? The US vs China experience Type de document : Mémoire Auteurs : Thi Le Anh NGUYEN, Auteur Année de publication : 2021 Importance : 28 p. Note générale : Pour accéder aux fichiers PDF, merci de vous identifier sur le catalogue avec votre compte Office 365 via le bouton CONNEXION en haut de page. Langues : Anglais (eng) Mots-clés : Management CAPITAL INVESTISSEMENT ; PAYS EN DEVELOPPEMENT ; PERFORMANCE ; CHINE Entreprise ETATS UNIS Résumé : The main purpose of this paper is to seek an answer to the question: How to improve Private Equity exit performance in emerging countries? To do that, we chose a developed country with a mature private equity market (The U.S) and an emerging country with a nascent private equity market (China) to compare and point out the differences between the 2 models. Along with that, we also identify several factors affecting the exit performance, including macro-economic and demographic indicators and verify to what extent the recent US-China trade war impacted exit numbers in the two markets. More specifically, we analyzed the correlation between independent variables, such as annual GDP growth, Total market capitalization of listed companies, Political risks, etc... with the dependent variable being the number of successful PE exits each year. The dataset is based on 7736 successful exit deals in the U.S and China and spans from 2010 to 2019. We found that a good business environment and stable politics help increase the numbers of IPOs and Acquisition deals per year. The results also reveal a negative impact of Trade War on the exit performance in both the U.S and China. It can be seen that divestment activities in the Chinese market in particular and the emerging markets, in general, are still limited. Although the annual GDP growth rate is higher than that of developed countries, these marketsstill have to face challenges such as instability in the business and political environment, illiquid public markets, strict barriers and regulations to IPO as well as the lack of protection for investors. As a result, the number of exits and deal size remains low. Programme : MSc Corporate Finance Permalink : https://cataloguelibrary.neoma-bs.fr/index.php?lvl=notice_display&id=538630

How VC fundraisings were impacted by the Covid- 19 crisis in France, Finland, and the USA? / Lucile FAVIER / 2021

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Comment le private equity contribue-t-il au devéloppement en Afrique de l'Ouest ? / Maimouna DJOCO / 2020

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L'essentiel du private equity et des LBO : tout pour s'initier aux opérations de capital risque / Catherine KARYOTIS / 2020

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Introduction to private equity, debt and real assets / Cyril DEMARIA / Chichester (GB) : JOHN WILEY & SONS (2020)

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Investment Banking for Dummies / Chichester (GB) : JOHN WILEY & SONS (2020)  

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Self-Directed Iras : Investment, Marketing, and Trust Administration Strategies / Jerome R CORSI / TAYLOR & FRANCIS GROUP (2020)  

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Will the passive investing dwarf totally the active investing in the future / Oumar NOMBRE / 2020

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Banking and Financial Markets / New York : PALGRAVE MACMILLAN (2019)  

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Bitcoin et cryptomonnaies / Gilles QUOISTIAUX / Bruxelles : MARDAGA (2019)  

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CFA 2020 Level II Book 3 / KAPLAN SCHWESER (2019)

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