Our thirty-seventh update email tracks recent actions and news concerning European Family Investment Companies (FICs). This Edition features 20 FICs from France, Germany, Sweden, Denmark, UK, Finland, Italy, Poland, Norway and Hong Kong.
Supporting existing portfolio companies rivals new investments as a theme this month. Four FICs support with additional investment, two with acquisitions and one with a JV in India. Elsewhere a portfolio company wins an important new contract and another is re-structured to support a FIC’s greentech new-energy strategy.
On the new investment front, FICs invest in retail, services, e-mobility, agtech, foodtech, property tech and quantum tech. One, a Polish FIC, starts a greenfield project in a neighbouring country and another, Danish, forges a local new energy partnership in Poland.
A relatively young, 2nd generation FIC acquires an older family business, both in Germany. And staying in Germany, a FIC records increased philanthropic donations and human investment in its home region.
Finally, we report the first 2022 annual results which are mixed. One FIC’s NAV is up, another’s down, both warning of the continuing challenging environment.
This 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 to The European Family Investment Company Report, members of our Advisory Network and selected others at our discretion. We are 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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