Our nineteenth update email continues to track recent actions and news concerning European Family Investment Companies (FICs). This Edition contains news items featuring 23 FICs from Sweden, Norway, France, Spain, Germany, UK, Belgium, Denmark, The Netherlands, Switzerland, Hong Kong and Italy. Again, we examine how European FICs are managing as the pandemic crisis continues.

Two themes dominate our news this month. First, more annual reports and interim (quarterly and half-yearly) trading statements. Now, at the end of Q2, there is even clearer visibility that FICs are bouncing back strongly following the commercial shock precipitated by the start of the pandemic last year, once again underlining the resilience and sustainability of the entrepreneurial FIC model. The second theme reveals FIC partnerships launching new sustainable initiatives. We cover five such stories this month, including FICs across Europe and beyond partnering with listed, private, family and academic groups in South Africa, China and Switzerland, as well as locally, to start new projects and businesses in areas such as renewable energy, green hydrogen and waste-heat recovery. In a separate sustainable story, we also cover an investment in a green-steel production venture. Other news includes governance changes, senior appointments, father-son succession, asset sales, listings, add-on and new digital investments. All showing, yet again, the vibrancy and flexibility of the FIC community, even at a time of crisis.

The News Briefing concludes with 12 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.

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