Our fifty-seventh edition tracks recent news concerning European FICs, featuring 30 from France, Belgium, Finland, Denmark, UK, Sweden, Germany, Poland, Norway, Spain, Singapore and Switzerland.
In this special, extended New Year edition we have a slew of acquisitions and investments by FICs, their investment arms and portfolio companies, across a range of sectors: traditional – real estate, manufacturing, publishing, professional services – sustainable – wind farms, green steel – and new technology – e-commerce, biotech and a running app. And one FIC invests in a business selling eyewear in Africa.
FICs and their investment companies have also been busy on the other side of the balance sheet. Investee companies are sold in software, manufacturing, e-commerce, digital and professional services. And one FIC raised more than a billion Euros selling a stake in some of its assets to a sovereign wealth fund.
In business news, FICs open new European offices to serve new markets, enter another JV, merge two portfolio companies and de-list another.
The turn of the year also saw several senior people moves, with FICs promoting and appointing board members, both executive and independent, senior executives and partners. One family member becomes the permanent CEO and the Chairman’s seat at two FICs are filled by family members, by a son succeeding his father at one and by the incoming 3rd generation at another.
Finally, FICs showed their responsibility during the Festive Period, making substantial donations to support the needy as well as backing new facilities for sick children.
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