Our fortieth update email tracks recent actions and news concerning European FICs, featuring 20 FICs from Sweden, Denmark, UK, Italy, Norway, France, Germany, Belgium and Finland.
We discuss seven more 2022 Annual Reports, some more positive than others, with many striking a note of caution about the year ahead. There are also the first results from Q1.
There is only one portfolio company investment this month, an acquisition on the pharmaceutical space, but two exits. Three investments are covered, two in funds and one in biotech. And one FIC makes its first loan as part of a strategy to offer real estate debt financing.
In business news, one FICs wins a contract to install a wireless charging system on a US motorway. Others launch a Disruptech Support Unit in the shape of a fund to support portfolio businesses and open an innovation centre, again in the US.
Two senior appointments are announced: a family member with a long track record of FIC involvement and a non-family member bringing industry expertise from outside. A major Nordic FIC completes its transition from the 3rd to the 4th generation.
FICs again demonstrate their responsibility with donations of books to kindergarten and development of a cultural quarter, both in the FIC’s hometown. While another donates land for social housing and office space for social entrepreneurs.
With our new template, we close with a summary of the month’s news coverage.
NOTE: EFIC News Briefing is sent to 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. Please do send us your comments, ideas and suggestions and any news stories you see.
By joining our community of subscribers you will receive regular, full EFIC News Briefings as well as access to facilitated networking and personal introductions to FIC leaders. You will benefit from our peer-to-peer virtual conferences and our in-depth analyses of the FIC-sector in Europe as revealed in our latest European Family Investment Company Report. Subscribers also receive an hour of an Author’s time to discuss our findings in detail. To become a European Family Investment Company subscriber, please email: info @ deanbridgeinternational.com.