IKEA: Lessons in Preserving a Legacy
July 02 - 06. 2018
IKEA founder Ingvar Kamprad was one of the richest men in the world when he passed away in early 2018. Over the course of his nearly 74-year career, Kamprad managed to redefine the global retail sector and create one of the world’s most recognizable brands. A long-term thinker with a unique strategy, Kamprad left behind an estate structured to preserve the business he spent a lifetime creating.
Co-investment Challenges for Family Offices: Q&A With Rupert Phelps of Smith & Williamson
May 14 – 18. 2018
As family offices turn to co-investing for more control over capital, transparency and lower transaction costs they face unique challenges in vetting potential deals. In the coming weeks, MarketCurrents will run a Q&A series in which family office execs and experts shed light on the issues that need to be addressed and how to navigate them.
Smyth Family Set to Acquire European Ops of Toys “R” Us
Smyths Toys superstore,Newport Image Credit - Wikimedia The Smyth family, which founded and operates Smyths Toys, has made a €79 million (approximately $93.6 million) offer for the European operations of U.S.- based...READ MORE
Family offices join institutions in a €3.5 billion renewable energy fund from Copenhagen Infrastructure Partners
May 07 – 11. 2018
It’s evident when a fund closes at half a billion more than its target then it’s a big yes to renewable energy from major investors. Forty-two investors comprising of family offices, pension companies, insurance companies and asset/fund managers closed out Copenhagen Infrastructure Partners’ (CIP) new fund – Copenhagen Infrastructure III (CI III) – in March this year at €3.5 billion, exceeding the €3.0 billion target fund size. The fund held its first close over 12 months ago.
Novolyze. Funding for germs
There is a need today for family offices to also look at small but niche investments that are in businesses that serve core and longterm human needs. The recent Novolyze raise of €2.2m had a couple of family offices as part of the investment group. The France-based Novolyze is in the very niche segment of producing surrogate micro-organisms which are then used for testing processes by the food industry to make sure that their products are infection free. For most people food infection is just half a day of han...READ MORE
Infrastructure Sector Back in the Limelight
Infrastructure investment is back to garnering the attention of UHNWIs globally and more and more of their capital seems to be allotted to it. This focus has been amplified by Trump’s offering to spend between $500 billion and $1 trillion on infrastructure over the next 10 years. For many decades, wealthy families have been putting their money into promising infrastructure projects, and this trend is back to being aggressively pursued. One such example is Stonehage Fleming, the London-based family...READ MORE