Our fifteenth update email tracks recent actions and news concerning European Family Investment Companies (FICs). This Edition contains news items featuring 21 FICs from Finland, Italy, France, Singapore, Sweden, Denmark, Germany, UK, Belgium, Norway, Portugal and Spain. Again, examining how European FICs are managing as the pandemic continues.
The opening days of 2021 continued to show the resilience, entrepreneurship, flexibility, values and liquidity of Family Investment Companies. Complementary, learning, defensive, add-on and follow-on acquisitions and investments were made in tech, real estate, healthcare and industry. Governance, succession, executive loyalty and continuity were demonstrated by senior appointments, promotions and contract extensions. FIC resilience and the growing importance of online revenue were again demonstrated by annual results; FIC flexibility by a heritage asset being opened to external shareholders. Other assets were sold and portfolios re-balanced. And another story featuring a publicly traded special purpose acquisition company or SPAC.
The News Briefing concludes with 14 practical Takeaways, our interpretations of what the news means for family investment companies.
NOTE: EFIC News Briefing is sent to our subscribers, members of our Advisory Network and selected others at our discretion. We hope it is of use in these challenging times. We will be happy to answer any questions or discuss anything further. And do send us your comments, ideas and suggestions and any news stories you see.
If you wish to join our community of subscribers and receive EFIC News Briefings regularly and in full, as well as enjoying facilitated networking and introductions, participate in peer-to-peer virtual conferences, acquire a copy/copies of our European Family Investment Company Report and benefit from an hour of an Author’s time to discuss our findings in detail, please email: info @ deanbridgeinternational.com