Our thirty-first update email tracks recent actions and news concerning European Family Investment Companies (FICs). This Edition contains items featuring 20 FICs from Sweden, Belgium, Germany, Portugal, Finland, Norway, France and Denmark. Again, we examine how European FICs are managing as we head into the second-half of the year.

Despite the growing number of challenges – rising Covid cases, continuing war in Ukraine, inflation, labour shortages, supply chain issues – there appears to be no slow down in FIC transactions. This month we cover new investments in energy, manufacturing, technology, healthcare, ecommerce as well as one FIC committing significant extra capital for investing in India. In addition, several portfolio companies are strengthened with add-on acquisitions. Elsewhere, once again demonstrating FIC flexibility, portfolio companies, some of very long-standing, are sold, stakes reduced, mergers negotiated and money raised from outside investors.

Looking at the human capital side of the FIC world, two are going through CEO successions, one announcing a new appointment and another the start of its search. One FIC changes its structure to support portfolio company growth and autonomy, and another announces it is moving ‘home’. Finally, we report on the passing of the founder of a major listed Multi-Family FIC.

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 to 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 Author’s time to discuss our findings in detail, please email: info @ deanbridgeinternational.com