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FB Roundup: Gautam Adani, Todd Boehly, Guy Hands

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.

FB Roundup: US billionaire tax rise proposal, Chelsea FC bid deadline, BNY Mellon Global Family Office appointment

March 31, 2022

In this week’s FB Roundup, US president Joe Biden proposes a billionaire income tax; the preferred bid for new Chelsea FC ownership is to be presented by April 18; and BNY Mellon appoints a new head for global family office.

Joe Biden proposes billionaire income tax
US President Joe Biden has put forward a proposal for a Billionaire Minimum Income Tax in his fiscal year 2023 budget proposal.

As part of the Biden administration’s bid to reduce the United States federal deficit, the proposed tax will “Eliminate the inefficient sheltering of income for decades or generations,” according to The White House.

Heineken enters into takeover discussions

January 17, 2008

The consortium of brewing giants Carlsberg and family-owned Heineken has finally entered into negotiations with fellow brewery Scottish & Newcastle in relation to a possible takeover bid.

The consortium of brewing giants Carlsberg and family-owned Heineken has finally entered into negotiations with fellow brewery Scottish & Newcastle in relation to a possible takeover bid. The consortium’s offer will be €10.80 per share, which is the minimum amount that S&N would consider, and values the firm at €10.18 billion.

Resetting the emotional barometer from one generation to the next

March 1, 2005

As small family businesses evolve into multi-national corporations, the third and fourth generations can tend to feel distanced from the central management of the company. An annual ‘cousins’ consortium’ can help maintain harmony, explain Bonnie Brown and Chester Weber

Bonnie M Brown is President of Transition Dynamics Inc. www.transitiondynamicsinc.com. chester E weber is an associate of Wealthbridge Partners. www.wealthbridgepartners.com

As small family businesses evolve into multi-national corporations, the third and fourth generations can tend to feel distanced from the central management of the company. An annual 'cousins' consortium' can help maintain harmony, explain Bonnie Brown and Chester Weber