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May 25, 2022

In this week’s FB Roundup, Gautam Adani’s family office invests in an Abu Dhabi petrochemicals firm; the Todd Boehly-led consortium is officially approved as new Chelsea FC owners; and British tycoon Guy Hands bids to buy Butlins holiday camps.

Gautam Adani’s family office invests in Abu Dhabi petrochemicals firm
The family office of Asia’s richest man, Gautam Adani, has committed to invest $75 million in an Abu Dhabi-based petrochemicals firm as part of a $2 billion initial public offering (IPO) - the biggest-ever listing in the United Arab Emirate (UAE) state.

April 20, 2022

In this week’s FB Roundup, François Pinault looks to acquire music streaming platform Deezer; Robert Kraft’s family donates $24 million to Harvard Business School; and Ashwin Damera invests in an Indian venture lending firm.

François Pinault looks to acquire music streaming platform Deezer
French businessman François Pinault [pictured left] is aiming to buy music streaming platform Deezer in a deal estimated at $1.6 billion.

The founder of the luxury group Kering and investment company Artémis, along with other founders of the special purpose acquisition company (SPAC) I2PO, plans to take the company public if the deal goes ahead.

March 21, 2022

From respected financial journalist to renowned investor, Malcolm Burne believes his life and career has been blessed with good luck. However, as his diverse portfolio proves, it’s more of a case of fortune favouring the bold.

From respected financial journalist to renowned investor, Malcolm Burne believes his life and career has been blessed with good luck. However, as his diverse portfolio proves, it’s more of a case of fortune favouring the bold.

Veteran investor Malcolm Burne has a storied history of being in the right place at the right time.

February 22, 2022

In this week’s FB Roundup, Volkswagen is looking to float its Porsche brand in a potential IPO; Family offices are investing in a Buffett-led alternative energy group; and a Swedish billionaire fund backs new African tech VC investment.

Volkswagen looking to float Porsche brand in potential IPO

Car manufacturer Volkswagen is in “Advanced discussions” to float its Porsche brand in what could result in one of the largest initial public offerings (IPOs) in Germany for years.

VW, the world’s second-largest carmaker by volume released a statement saying that it was in talks with its majority shareholder, Porsche SE - the German holding company owned by the founding family of Ferdinand Porsche.

February 28, 2021

Illycaffe brews non-family investment for US push, Melia Hotels ready for travel trade recovery after Covid-19 losses, Covid-19 rebound ‘the right moment’ for ArcelorMittal succession.

Illycaffe brews non-family investment for US push

The Illy family has sold a stake in its $629 million Italian premium coffee company Illycaffe for the first time in its 88-year history and says it is open to floating the family business on the stock market.

February 18, 2021

We all know that 2020 was an incredible, and terrible, year. The pandemic caused the worst recession for centuries, along with an appalling death toll and suffering. Meanwhile financial assets pushed ever upwards, surfing a wave of liquidity meant to counteract the impact of the pandemic.

We all know that 2020 was an incredible, and terrible, year. The pandemic caused the worst recession for centuries, along with an appalling death toll and suffering. Meanwhile financial assets pushed ever upwards, surfing a wave of liquidity meant to counteract the impact of the pandemic.

The chart below shows that it was also a record year for share issuance, surpassing even the heady days of 1999-2000.

February 15, 2021

While 2021 has started not unlike how much of 2020 played out, with Covid-19 infections continuing to spread and many countries reimplementing lockdown measures, the approval and rollout of various vaccines to combat the coronavirus has been an undeniable game-changer for markets. It's provided a clearer road map for a return to some form of normality, although the path ahead is still likely to remain bumpy, with continued uncertainties in the offing.

While 2021 has started not unlike how much of 2020 played out, with Covid-19 infections continuing to spread and many countries reimplementing lockdown measures, the approval and rollout of various vaccines to combat the coronavirus has been an undeniable game-changer for markets. It's provided a clearer road map for a return to some form of normality, although the path ahead is still likely to remain bumpy, with continued uncertainties in the offing.

May 5, 2017

Molina Healthcare dumps family executives; Olayan Financing eyes IPO; family-owned Breitling sells out to private equity.

Molina Healthcare dumps family executives due to poor financial performance

US family-run Molina Healthcare has replaced the two brothers who have run the health insurer since 1996, replacing them with a non-family director due to poor financial performance.

Mario Molina, its second-generation chief executive, and John Molina, its chief financial officer (CFO), have been replaced by current chief accounting officer Joseph White who becomes interim chief executive while the company recruits a new chief executive, and CFO.

October 30, 2015

Volkswagen posts its first quarterly loss in more than 15 years; Vincent Bolloré plans to IPO West African train project; and Samsung compensates workers in hazardous conditions claim

Emissions scandal forces Volkswagen’s first loss in 15 years
Family-controlled carmaker Volkswagen has posted its first quarterly loss in more than 15 years due to €6.7 billion ($7.38 billion) of charges it has set aside to cover costs after it admitted rigging diesel emission tests.
Controlled by the third generation of the Piech family, Volkswagen admitted last month it deliberately tampered with thousands of its cars’ emission testing software to deceive US environmental authorities.

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