Our forty-second update email tracks recent actions and news concerning European FICs, featuring 20 FICs from France, Belgium, Sweden, Norway, The Netherlands, Luxembourg, Germany, Finland, Hong Kong, Switzerland and Spain.

This month three FICs support foodtech portfolio companies with follow-on investments. Two others invest in cleantech, one of those a follow-on. DIAs are active in batterytech and AI. Meanwhile, a Nordic FIC is the driving force behind bringing together two social enterprises which employ people with autism as IT consultants.

On the other side of the balance sheet, two FICs sell long-standing portfolio companies, including one linked its heritage business founded in the nineteenth century. A portfolio company sells one of its investee companies. As well as selling businesses, FICs also raise money via a bond issue and a ‘sustainable’ loan.

With human capital, two FICs reward internal talent by promoting from within, all non-family members and, in the case of one, all from the same portfolio company.

In responsibility news, a FIC backs the roll-out of a social project to help disadvantaged young people while three others make significant donations to support children and education.

Finally, one FIC launches a third innovation centre, while another looks set to disappear entirely after authorities green light its takeover.

With our new template, we close with a summary of the month’s news coverage.

Our news team is taking a break over the summer – the next EFIC News Briefing will be in September.

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.

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