Exclusive Webinar Keensight Nova VI

Keensight Nova VI


Exclusive Webinar

 


Watch our webinar on our latest growth buyout fund offering: Keensight Nova VI with ...

Jean-Michel Beghin


Jean-Michel Beghin

Founding & Managing Partner of Keensight Capital

Claire Roborel de Climens


Claire Roborel de Climens

Global Head of Private and Alternative Investments · BNP Paribas Wealth Management

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3’ Video – All you need to know about Keensight Nova VI

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Keensight Capital: a European Growth Buyout Manager with a Strong and Consistent Track-record*

 

Keensight is a leading Private Equity manager focused exclusively on investing in smaller technology and healthcare companies. The firm was created in 1997 as part of Rothschild and became independent in 2013. The firm has managed 5 funds to date, with the most recent fund, Keensight V, being launched in 2018 and reaching €1 billion in fund size. The firm has a strong team of 50 people led by a stable group of 4 managing partners who have managed the firm since its inception.

Over its history, Keensight has deployed a total of €2.5bn in 61 companies. Of these, 42 have been sold, generating a return of 3x and 39% IRR. This has been achieved at the same time as recording a zero loss-rate on all of the firm’s realized buy-out investments.


39%

Total Realised Gross IRR

through 42 Exits*

 

 


3.0x

Total Realised Gross MOIC

through 42 Exits*

 

 

Note: As of June 30, 2021.

 

*Includes the exits of Linkbynet and Asti, which took place in July and August 2021. Past performance is not a reliable indicator of future performances. No guarantee is given on the success, profitability, return or benefit of this investment.

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Your investment opportunity: Keensight Nova VI

 

Keensight Nova VI: A sector-focused growth buyout fund managed by a leading team.   

Attractive Sectors



Attractive Investment Sectors

Technology and Healthcare sectors have demonstrated strong & resilient growth

Focus on  fast-growing & profitable companies


Focus on fast-growing & profitable companies

Smaller company focus leading to attractive Sales Growth of 17%*

  & EBITDA margin of 23%*

Strong  track-record

 

Strong track-record*

Past investments have generated c.3.0x** Gross MOIC & 39%** Gross IRR across 42 exits1 with no realized losses***

High Quality



High-quality & growing team

50 investment professionals led by a stable team of Partners

Differentiating



Differentiated sourcing capabilities

Deep sector expertise & proactive sourcing have generated 65% proprietary transactions & lower competition

 

 

Strong Credentials



Strong operating credentials

Well resourced operating team provides ability to support management & accelerate growth & profitability

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Our Speakers

Jean-Michel Beghin


Jean-Michel Beghin

Founding & Managing Partner of Keensight Capital


    

 

 

Claire Roborel de Climens


Claire Roborel de Climens

Global Head of Private and Alternative Investments · BNP Paribas Wealth Management

Jean-Michel is a Founding Partner of Keensight and has over 20 years of successful private equity investment experience.

He spent 10 years with the Rothschild Group as a Managing Partner of R Capital Management, the investment arm of the Rothschild Group dedicated to growth companies.

He started his investment career working as a Partner for Natexis, one of the Private Equity pioneers in Europe.

Previously, Jean-Michel worked throughout Europe as Senior Manager in the Strategy and Management Consulting department of EY and the Corporate Finance area.

He has a strong operational background, having held various engineering and management roles in the Silicon Valley at several small and large companies, including Hewlett Packard. Jean-Michel holds an Engineering degree from SCU and an MBA from Georgetown University.

Since joining BNP Paribas Wealth Management in 2004, Mrs. Roborel de Climens has set up the Private Equity Group and in 2010 was also nominated Head of the Real Estate activity. In 2015, she was named Head of the Private and Alternative Investments department, adding Hedge Funds, Strategic-A (asset allocation service), Philanthropy Advisory and AgriFrance activities to her responsabilities.

Claire is member of the Advisory Board of many Global and European Private Equity and Real Estate funds.  She is Board member of Global General Partner, the AIFM manager of PERE feeder funds and member of the Supervisory Board BNP Paribas Real Estate investment Management France (REIM).

Prior to joining BNP Paribas Wealth Management, Claire worked 10 years for PAI Partners, a leading pan-European Private Equity firm, as a manager in the Finance Department, Investor Relations activities and then as an investor in the General Industrials sector where she was involved in many LBO transactions.

She started her career in Audit at Ernst & Young where she worked for 6 years for large industrial groups and Private Equity funds.

Mrs Roborel de Climens is a graduate of the EM Lyon business school.

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This document is communicated by the Wealth Management métier of BNP PARIBAS SA supervised and authorised as a Bank by the European Central Bank ("ECB") and in France by the French “Autorité de Contrôle Prudentiel et de Résolution” (“ACPR”) and regulated by the French “Autorité des Marchés Financiers” (“AMF”) (hereinafter BNP Paribas).

Keensight Nova VI SLP is a French professional specialized fund ("fonds professionel spécialisé") in the form of a French "société de libre partenariat" (SLP) and registered with the French AMF. Its Unlimited Partner Keensight Nova VI UP, a French société par actions simplifiée registered in Paris (hereinafter Master Fund’s UP). Keensight Capital has been appointed to operate as Alternative Investment Manager (AIFM) of Keensight Nova VI. Keensight Capital is authorized by French AMF.

PrivAccess VI – Euro Tech 6 is a compartment of PrivAccess VI SICAV RAIF SCA, a société en commandite par actions – SCA, a Luxembourg investment company with variable capital, structured under the form of a Multi-Compartment Reserved Alternative Investment Fund, registered as a corporate partnership limited by shares, notified to the CSSF. It is managed by its general partner: PrivAccess General Partner S.à.r.l and Global General Partner SA, which is an Alternative Investment Fund Manager authorized by the Luxembourg CSSF, has been appointed  to manage PrivAccess VI – Euro Tech 6.

This material is confidential and intended solely for the use of the person to whom it has been delivered and must not be distributed, published or reproduced, in whole or in part nor may it be quoted or referred to in any document without the prior consent of BNP Paribas. This document is provided solely for the purpose of providing general information and shall not constitute an offer, a solicitation or an investment advice nor shall it form the basis of or be relied upon in connection with any subscription or commitment. In addition, this document and its content shall not in any way be construed as an advertisement, inducement or recommendation of any kind or form whatsoever. For the purposes herein, “BNP Paribas” means BNP Paribas SA and its respective affiliates and related corporations.

Although the information provided herein may have been obtained from published or unpublished sources considered to be reliable, and while all reasonable care has been taken in the preparation of this document, BNP Paribas does not make any representation or warranty, express or implied, as to its accuracy or completeness and does not accept responsibility for any inaccuracy, error or omission nor any liability for the use of or reliance on this document or any part of the information contained herein. Past performance is not a reliable indicator of future performance. BNP Paribas is not giving any warranties, guarantee or representation as to the expected or projected success, profitability, return, performance, result, effect, consequence or benefit (either legal, regulatory, tax, financial accounting or otherwise) of any interest.

Prior to making any commitment, the investor should take advice from his legal, tax and financial advisors. Subscribers should be in a position to fully understand the features of the subscription and be financially able to bear a loss of their investment and be willing to accept such risk. Save as otherwise expressly agreed in writing, BNP Paribas is not acting as financial adviser of, or in any fiduciary capacity to, the subscriber in any subscription.

An investment in PrivAccess VI – Euro Tech 6 should be conditioned upon the previous reading and understanding of its Issuing Document and its Subscription Agreement which are available in English only and which describe the rights and obligations of the investors. Therefore, prospective subscribers should not rely on any other information not contained in such Issuing Document and Subscription Agreement.

Under no circumstances will PrivAccess VI – Euro Tech 6, PrivAccess General Partner S.à.r.l, Global General Partner SA, BNP Paribas, Keensight Nova VI SLP, Keensight Nova VI UP, or Keensight Capital pay or reimburse any current or future taxation in the subscribers’ country of origin, residence or domiciliation or wherever subsequent to the subscription, holding, conversion, sale or liquidation of ordinary shares in PrivAccess VI – Euro Tech 6 or in the Master Fund. The subscriber will be responsible for such payment or reimbursement.

No measures have been nor will be taken in any country or territory for the purposes of allowing a public offering of the investment described in this document, or the holding or distribution of any document relating to this investment. These ordinary shares are not recommended by any federal or state securities commission or any other regulatory authority. Furthermore, the foregoing authorities have not confirmed the accuracy or determined the adequacy of this document. BNP Paribas, PrivAccess General Partner S.à.r.l, Global General Partner SA, the Master Fund’s UP and the Master Fund’s AIFM entities are separate legal entities and none of them is representing or acting as an agent for the other.

This document is not for distribution to US Persons and US Persons are not eligible to apply to become Shareholders in PrivAccess VI – Euro Tech 6. The ordinary shares of PrivAccess VI – Euro Tech 6 will be offered and sold only outside the United States to persons who are not US Persons, in reliance on Regulation S.

By accepting this documentation, the subscriber agrees to be bound by the foregoing limitations.

BNP Paribas SA (2021). All rights reserved.

This is not an exhaustive list. For more information please refer to Risk Factors in the section 2.18 of the Issuing Document of the PrivAccess VI – Euro Tech 6.

An investment in PrivAccess VI – Euro Tech 6 includes a degree of significant risk since there is no guarantee that PrivAccess VI – Euro Tech 6 will meet its return targets, nor that Investors will recover all or part of their investment in PrivAccess VI – Euro Tech 6 (risk of capital loss).

Debt and debt-related investments carry a relatively high degree of risk owing to the business and financial uncertainties facing individual issuers. Alternative investments often are speculative and include a high degree of risk. Investors could lose all or a substantial amount of their investment. Alternative investments are suitable only for eligible, long-term investors who are willing to forgo liquidity and put capital at risk for an indefinite period of time. They may be highly illiquid and can engage in leverage and other speculative practices that may increase the volatility and risk of loss. Alternative Investments typically have higher fees than traditional investments. Investors should carefully review and consider potential risks before investing.

Changes in economic, regulatory and financial conditions, can affect substantially and adversely the business and prospects of any of the Investments. There can be no assurance that Keensight Nova VI SLP will be successful in its Investments and there is no assurance of any distribution to its investors (including PrivAccess VI – Euro Tech 6) at any time.

Ordinary shares in PrivAccess VI – Euro Tech 6 cannot be freely sold. No representation is made by PrivAccess VI – Euro Tech 6 or PrivAccess General Partner S.a.r.l its general partner, Global General Partner SA and/or BNP Paribas as to the existence of a secondary market for the ordinary shares and the commitments of any Investor. However, BNP Paribas will use its reasonable efforts to try to find a potential new investor wanting to purchase the investor’s ordinary shares and commitment in PrivAccess VI – Euro Tech 6 subject to the transfer process as defined in the Issuing Document of PrivAccess VI – Euro Tech 6. Nevertheless, investors willing to sell their ordinary shares in PrivAccess VI – Euro Tech 6 must be prepared to bear the risk of capital loss and BNP Paribas will not assume any responsibility linked to this potential specific transaction. No representation or guarantee is given by BNP Paribas as to the existence of a market for PrivAccess VI – Euro Tech 6 and as to the consequences of the application of this process.

If an investor does not meet a drawdown at the time and for the required amount, PrivAccess General Partner S.a.r.l acting as general partner of PrivAccess VI – Euro Tech 6 may declare such investor as Defaulting and as such take one of the actions defined in the PrivAccess VI – Euro Tech 6 issuing Document.

Investors of Keensight Nova VI SLP and PrivAccess VI – Euro Tech 6 will have no opportunity to control the day-to-day operation. Keensight Nova VI UP / Keensight Capital will have sole and absolute discretion in structuring, negotiating and purchasing, financing, monitoring and eventually divesting Investments made by Keensight Nova VI SLP. Accordingly, investors of Keensight Nova VI SLP, including PrivAccess VI – Euro Tech 6, will rely exclusively on the ability of Keensight Nova VI UP / Keensight Capital to select, manage and exit such investments.

The success of PrivAccess VI – Euro Tech 6 will depend on the expertise and commitment of the investment team managing Keensight Nova VI SLP, in particular on the capacity of Keensight Nova VI UP / Keensight Capital to identify, select and acquire appropriate assets. No guarantee can be given that the return objective will be met. The investors have to be aware of the risks related to this type of investment, the invested capital is not guaranteed and can be partially or totally lost.