Investment committee paper: Gerresheimer Ag - valuation

Gerresheimer is a leading medical device and packaging manufacturer for the pharma, cosmetics, and food & beverage sectors, and poses a unique investment opportunity. Gerresheimer operates a sophisticated procurement network that can be leveraged to perform a strategic shift towards the MedTech industry. This can be accomplished by carving-out its capex-heavy moulded glass division and using the proceeds to acquire leading players in this industry, namely Ypsomed and H&T Presspart, to also strengthen its recently established internal MedTech segment. This strategy is expected to realize a return of 3.8x (30.5% IRR), whereby the exit is likely to be a trade sale

Circulation of Roman Coinage in Northern Europe in Late Antiquity

La circulation du monnayage romain en Europe septentrionale au Bas-Empire.Les monnaies sont les objets les plus souvent rencontrés en Europe septentrionale. Le raisons et les modalités de leur importation sont rapidement analysés. L’auteur tente de répondre aux questions suivantes : comment les monnaies romaines circulaient-elles dans les sociétés barbares ? quelles étaient les fonctions de ces monnaies dans ces populations ? Ces fonctions sont analysées à trois niveaux : circulation, transformation et enfouissement.Selon l’auteur, la monnaie romaine n’avait pas une fonction unique en Europe du Nord. Son rôle était un symbole ou un signe au sein d’une communication sociale multiforme. En effet, les sociétés de la basse antiquité ne possédaient pas de frontière séparant la fonction économique de la fonction sociale de la monnaie, pas plus que de séparation entre le rôle politique et symbolique des monnaies.Coins are the most frequent category of Roman imports encountered in Northern Europe. Purposes and ways of their influx are briefly analysed. Author attempts to answer the following questions: how did Roman coins circulate within Barbarian societies and what were their functions among these peoples. These functions are discussed on three levels: circulation, transformation and deposition.In author’s opinion there was no uniform function of Roman coinage in Northern Europe. Its role in the first case was that of symbol or sign in social communication of a heterogeneous meaning. The Barbarian societies of Late Antiquity lacked clear dividing lines separating the economic from the social, political or symbolic function of coins

Złote medaliony rzymskie w Barbaricum : symbolika prestiżu i władzy społeczeństw barbarzyńskich u schyłku starożytności

Seria: Światowit Supplement Series A, Antiquity ; vol. 2.Agnieszka Uziębł

Bose-Einstein correlations and b(b)over-bar correlations in pp collisions with LHCb

Bose-Einstein correlations for same-sign charged pions and kinematic b (b) over bar correlations in proton-proton collisions at a center-of-mass energy of 7 and 8 TeV are studied by the LHCb experiment. The dependence of Bose-Einstein correlation parameters on the charged-particle multiplicity is investigated. The correlation radius is observed to increase with multiplicity, while the chaoticity parameter decreases. The b (b) over bar correlations are studied using inclusive b decays to J/psi) and are found to be in good agreement with theoretical predictions

Study of coherent J/psi production in lead-lead collisions at root s(NN)=5 TeV with the LHCb experiment

Coherent production of J/ψ mesons is studied in lead-lead collision data at a nucleon-nucleon centre-of-mass energy of 5 TeV collected by the LHCb experiment. The data set corresponds to an integrated luminosity of about 10μb−1. The J/ψ mesons are reconstructed in the dimuon final state, where the muons are detected within the pseudorapidity region 2.0 &lt; η &lt; 4.5. The J/ψ mesons are required to have transverse momentum pT &lt; 1 GeV and rapidity 2.0 &lt; y &lt; 4.5. The cross-section within this fiducial region is measured to be σ = 5.3 ± 0.2 (stat) ± 0.5 (syst) ± 0.7 (lumi) mb. The differential cross-section is also measured in five bins of J/ψ rapidity. The results are compared to predictions from phenomenological models.</p

Commissioning and performance of the LHCb Silicon Tracker

The LHCb Silicon Tracker is a silicon micro-strip detector with a sensitive area of 12 m2 and a total of 272k readout channels. The Silicon Tracker consists of two parts that use different detector modules. The detector installation was completed by early summer 2008 and the commissioning without beam has reached its final stage, successfully overcoming most of the encountered problems. Currently, the detector has more than 99% of the channels fully functioning. Commissioning with particles has started using beam-induced events from the LHC injection tests in 2008 and 2009. These events allowed initial studies of the detector performance. Especially, the detector modules could be aligned with an accuracy of about 20μm. Furthermore, with the first beam collisions that took place end of 2009 we could further study the performance and improve the alignment of the detector

Search for the rare decay KS0→μ+μ−K_S^0 \to \mu^+ \mu^-

A search for the decay $K_S^0 \to \mu^+ \mu^-$ is performed, based on a data sample of 1.0 fb$^{−1}$ of $pp$ collisions at $\sqrt(s)=7TeV$ collected by the LHCb experiment at the Large Hadron Collider. The observed number of candidates is consistent with the background-only hypothesis, yielding an upper limit of $B(K_S^0 \to \mu^+ \mu^-) < 11(9) × 10^{−9}$ at 95 (90)% confidence level. This limit is a factor of thirty below the previous measurement