Inside Private Equity - 30 October 2024 broadcast

In this episode of Inside Private Equity, Emmanuel Ostian welcomes Frédéric Stolar, Alfonso Tasso, Sania Djamil, Thibault Delbarge, and Éric Hazan to explore the drivers of private equity performance. The program explains why private equity has historically outperformed public markets, citing in particular the alignment of interests between funds and management, close governance, and the operational expertise brought to companies.The success story of the month spotlights Efficy, a Belgian CRM software provider backed by Fortino Capital and Seven2. Alfonso Tasso discusses the group’s growth, the consolidation of the B2B software market, and the critical role of funds in accelerating acquisitions, structuring strategy, and integrating artificial intelligence.Sania Djamil then introduces Thomas Bravo, a U.S. giant specializing in mission-critical enterprise software. She details the attractive fundamentals of SaaS, recurring revenue, the role of the cloud, cybersecurity, and AI, as well as the fund’s approach to improving the profitability of the companies it supports.The episode also analyzes the gradual recovery of private equity in Europe following two years of slowdown, driven by falling valuations, a cautious resumption of transactions, and promising sectors such as tech, healthcare, and the energy transition. Finally, Éric Hazan, a partner at McKinsey, explains how consulting firms support funds during the due diligence, value creation, and digital transformation phases, with a focus on the still largely untapped potential of artificial intelligence.