Our forty-first update email tracks recent actions and news concerning European FICs, featuring 21 FICs from Greece, Norway, Germany, Denmark, The Netherlands, Sweden, Estonia, Switzerland, Finland, Luxembourg, UK, France and Italy.
Technology is an investment focus this month, with FICs making new investments in mobilitytech and healthtech, existing portfolio companies in biotech and traveltech are supported with further capital and a DIA adds a second foodtech company to its portfolio. Another FIC invests in a sustainable focussed fund and a portfolio company is supported to make an industrial acquisition in wind energy.
In other transactions, two FICs exit long-standing investee companies, one issues a bond and one underwrites debt to support a third-party acquisition.
Meanwhile, two other FICs aim to boost growth with partnerships, one to enter a new market in SE Asia and another using AI and robotics to boost efficiency of its existing businesses.
In people news, a major listed FIC appoints a non-family chairman while a private FIC reports a successful mother to son handover.
Several FICs ponder and effect change. One is reported to be considering moving its listed HQ to another country to encourage, hopefully, higher company valuation. Another postpones a planned IPO. A third changes the name of its DIA to embrace a broader investment focus.
And we congratulate a FIC leader who is honoured by his country’s president.
Finally, with our new template, we close with a summary of the month’s news coverage.
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