Our fifty-ninth edition tracks recent news concerning European FICs, featuring 20 from Norway, Sweden, Greece, Italy, Germany, Belgium, Estonia, France, UK, Denmark and Finland.
The 2024 annual reporting season is in full flow and we cover six in this edition. Continuing last month’s theme, we continue to see revenues and profits under pressure at many FICs.
Three acquisitions this month, in food, security and real estate, and four investments, in an impact fund, a new drinks brand, real estate and medical AI. Two FICs exit businesses, one selling a food retail company to the heritage family enterprise and the other a manufacturer to a fellow-FIC.
People news this month only features family members. Two family members take over as Chairmen. One becomes the interim CEO and another steps down from the same role, both at portfolio companies.
In business news a prominent FIC re-groups its pharma tech investments under a new umbrella company.
Thinking about the context of today’s ‘interesting times,’ two stories stand out. A listed FIC forming a JV with a French company to product the next generation of armoured military vehicles. And a large private FIC reporting that for the first time North America accounted for the largest shares of its revenues in 2024.
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