Bruno Schick, Co-Managing Partner at Cinven: Europe is extremely attractive for investment
Bruno Schick is a Co-Managing Partner at Cinven, a European PE firm with a nearly 50-year history and more than €50 billion raised to date.
Bruno joined the firm in 2003 and has seen the industry from nearly every angle. He has been a driving force in Cinven's growth, including through investments in market-leading companies such as STADA, Fressnapf and TK Elevator.
In a conversation with Steffen Pauls, Moonfare’s Founder and Co-CEO, Bruno explained his approach to investing and where he sees private markets headed.
Some of the topics Bruno and Steffen covered include:
- Exit discipline. How Cinven has realised roughly 30% of portfolio NAV in recent periods, roughly double the industry average.
- The story behind one of Europe's largest exits. Cinven was a lead investor in the carve-out of TK Elevator. How did the original transaction come together and what made it such a successful investment?
- The founder playbook. Cinven has invested in a significant number of founder-owned or founder-led businesses in its recent funds. What does it take to make those deals work?
- The case for Europe. Why Europe continues to be an attractive region for investment and what it takes to succeed here.
- Building a firm today. What Bruno believes are the key ingredients for a successful PE firm in today’s world.
Important notice: This content is for informational purposes only. Moonfare does not provide investment advice. You should not construe any information or other material provided as legal, tax, investment, financial, or other advice. If you are unsure about anything, you should seek financial advice from an authorised advisor. Past performance is not a reliable guide to future returns. Don’t invest unless you’re prepared to lose all the money you invest. Private equity is a high-risk investment and you are unlikely to be protected if something goes wrong. Subject to eligibility. Please see https://www.moonfare.com/disclaimers.
Authors
Senior Content Manager
Blazej Kupec
Blazej is a senior content manager at Moonfare. With ten years of experience in financial media, he now covers trends and developments in private equity. Blazej especially enjoys creating content that helps people better understand the intricacies of the asset class. He holds a BSc in Political Science from the University of Ljubljana.
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