Our forty-ninth edition email tracks recent news concerning European FICs, featuring 20 FICs from France, Sweden, Finland, Denmark, Germany, Belgium, Norway, The Netherlands and Italy

Some more 2023 results, as last month some are good, some mixed and some less good.

Only three exits this edition. A listed FIC sells a stake in a listed portfolio company. Another FIC sells two separate medtech companies, both to industry buyers, not investors or PE. Portfolio companies make add-on acquisitions in logistics and metals, both in order to expand geographically. Another FIC buys back a stake held by PE for seven years. A FIC invests in an energy storage while three investment arms invest in biotech, medtech and a US manufacturing business.

In people news, succession stories at two FICs – one from father to son and the other grandfather to grandson. A long-standing non-family executive is promoted to CEO and external non-family talent is brought in to fill NED roles.

A FIC owned by a major Nordic family wins, as part of a JV, the auction to develop a new wind farm.

And we close, as is now our custom, 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 other supporters 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 in addition to access to facilitated networking and personal introductions to FIC leaders. You will benefit from the opportunity to attend our physical meeting hosted each year by a family subscriber at their home as well as peer-to-peer virtual conferences we organise, 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.