Our fifty-fifth edition tracks recent news concerning European FICs, featuring 20 from The Netherlands, Belgium, Estonia, Italy, Denmark, Norway, Spain, Switzerland, Germany, Sweden, UK and France.
A listed FIC makes a big US acquisition of an asset management company to support its portfolio transformation strategy, while another buys a kitchen equipment producer. Meanwhile FICs, their funds and investment arms invest in financial services, medtech, electronics, data intelligence, agtech, roads and parking, and e-bikes. Only one exit this month, as a Spain FIC sells one of its two major portfolio businesses.
In business news, a new solar farm is given the go-ahead, a recently listed FIC launches a new Sustainable Investment Arm/SIA and a recently de-listed FIC seeds two new funds targeting early stage B2C brands. Another FIC brings together all its ‘circularity’ venture investments in one building.
Three people stories this month. A family member joins the C-suite at his FIC. A long-standing non-family executive is promoted to CEO. And the head of a ventures arm steps down but is retained as an independent manager.
One responsibility piece as a FIC makes a significant donation to its national cancer charity, one it has supported in the past.
Finally, three Q3 reports from listed FICs showing a mixed set of numbers.
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