Our twenty-third update email continues to track recent actions and news concerning European Family Investment Companies (FICs). This Edition contains news items featuring 21 FICs from UK, Denmark, France, Portugal, Switzerland, Greece, Germany, Italy, Sweden, Norway and Belgium. Again, we examine how European FICs are managing as the pandemic crisis continues.
This month we have more new and follow-on investments in Disruptech (podcasts, online funding, payment cards, grocery planning, calendar app, security analytics), biotech, Sustainable (carbon-negative materials and a bike manufacturer) and financial (real estate loan business). Further equity is acquired in portfolio companies, which are also supported with add-on acquisitions, listed, stakes in them are sold – one as part of a strategic geographic re-focussing, or exited entirely, as one FIC plans to do – all stories underlining FIC flexibility. The resilience of The FIC Model during the pandemic crisis has been affirmed by a clutch of positive Q3, H1 and full-year results. Two FICs have demonstrated responsibility by backing cancer charities. Meanwhile, in the month of COP26, a major Nordic FIC enters into an agreement to build three large solar farms. Finally, there is an update on one family’s plan to take its FIC private.
The News Briefing concludes with 15 practical Takeaways, our interpretations of what the news means for family investment companies.
NOTE: EFIC News Briefing is sent to our subscribers of The European Family Investment Company Report, 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