January 31, 2018

MSc Engineering Management - An evening not only about PRIVATE EQUITY and VENTURE CAPITAL

Having been very kindly received by Capital Bank, we were not only given a good overview and lecture about Private Equity and Venture Capital, additionally, a tour of Palais Esterházy’s Belle Etage was arranged for us, it being part of the Vienna Headquarters of Capital Bank, and last, but not least were invited for a nice Italian Dinner, paired with a toast to our final module by our host Dipl.-Ing. Sibylle Dolecek Anselment.

The Bank

Capital Bank is the private and investment bank of the Capital Bank - GRAWE Gruppe AG. Together with Bank Burgenland and Bankhaus Schelhammer & Schattera, it forms the banking group of GRAWE. This was founded in 1828 as fire damage insurance by Archduke Johann.

Following tradition, over 180 years later Dr. Philip Meran, a direct descendant of the company founder, represents the former as President of the Supervisory Board of GRAWE Grazer Wechselseitige Versicherung. Behind the group, an association on reciprocity (Verein auf Wechselseitigkeit) secures independence.

The Lecture

Private equity is sometimes confused with venture capital because they both refer to firms that invest in companies and exit through selling their investments in equity financing, such as initial public offerings (IPOs). However, there are major differences in the way firms involved in the two types of funding go about their business. They buy different types and sizes of companies, they invest different amounts of money and they claim different percentages of equity in the companies in which they invest.

Private equity firms mostly buy mature companies that are already established. The companies may be deteriorating or not making the profits they should be due to inefficiency. Private equity firms buy these companies and streamline operations to increase revenues. Venture capital firms, on the other hand, mostly invest in start-ups with high growth potential.


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