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Sanjay Mehta on family offices investing in startups

July 11, 2021

What is so attractive about Flipkart, Unacademy, CoinDCX, Swiggy, Byju and Oyo—the new age companies? The answer is their nonlinear business growth and venture capital. For investors it's perpetual activity to find that one-in-a-thousand team whose ambitions to grow the idea nonlinear way and dominate market segments.

Nonlinear ideas become successful after massive scale. Social networks, messaging, e-commerce and gaming have seen huge amounts of venture capital investment.

FB Roundup: Mediterranean Shipping Company, EssilorLuxottica, Alberts Impact Capital

July 9, 2021

Aponte family expands its Mediterranean Shipping Company to rival Maersk, EssilorLuxottica proceeds with $8.7 billion stake in GrandVision after tribunal, Albert music publishing dynasty ventures into impact investing.

Aponte family expands its Mediterranean Shipping Company to rival Maersk

The Aponte family’s Mediterranean Shipping Company has re-energised its efforts to become the world’s largest container line by attempting to overtake rival family-controlled conglomerate AP Moller-Maersk.

FB Roundup: Groupe Artemis, News Corp, H&M Group

July 2, 2021

Pinault family’s Artemis and James Murdoch venture into Gen Z video platform Brut, Rupert Murdoch closes the book on $349 million Houghton Mifflin Harcourt deal, H&M profits rebound by $1.2 billion but stores cut.

Pinault family’s Artemis and James Murdoch venture into Gen Z video platform Brut

Francois-Henri Pinault and James Murdoch, the scions of family-owned traditional media groups, are investing millions into Brut, a new “socially conscious” digital news provider for Generation Z and millennials.

FB Roundup: Medline Industries, Ferrero Group, Ford Motor Company

June 11, 2021

Mills family sells majority Medline stake in $34 billion private equity ‘club deal’, Ferrero takes another bite out of biscuit market with $509 million Burton’s deal, Auto heiress Alexandra Ford English becomes first female Ford director.

Mills family sells majority Medline stake in $34 billion private equity ‘club deal’

The fourth-generation Mills family which owns Medline Industries, the largest US privately held manufacturer and distributor of healthcare supplies, looks set to seal one of the largest private equity deals since the Global Financial Crisis.

FB Roundup: Grupo Bal, JAB Holding, Crown Resorts

May 17, 2021

Mexican billionaire Alberto Bailleres transfers empire to son, Peter Harf succeeded by young deal-maker at Reimann family’s JAB Holding, James Packer’s Crown Resorts leans towards Star merger and away from Blackstone takeover.

Mexican billionaire Alberto Bailleres transfers empire to son

Alberto Bailleres, the fourth wealthiest person in Mexico, has made way for his son as the principal of his business conglomerate Grupo Bal after more than five decades.

Businessman Bailleres (pictured), 89, stepped down as president from the group and its diversified companies with immediate effect during a board meeting in late April. He and his family are worth $9.6 billion, according to Forbes.

FB Roundup: Olivier Dassault, Exor, Hancock Agriculture

March 12, 2021

French heir and MP Olivier Dassault dies in helicopter crash, ‘Shared family values’ as Agnelli family buys foothold in Christian Louboutin, Gina Rinehart’s Hancock Agriculture goes to market with beef portfolio.

French heir and MP Olivier Dassault dies in helicopter crash

The sudden death of Olivier Dassault, billionaire heir to the French aerospace and software family business and politician, is “a great loss”, President Emmanuel Macron said in tribute.

FB Roundup: Birkenstock, Tata Group, Las Vegas Sands

March 8, 2021

End of a 247-year era as Birkenstock sells control to Bernard Arnault, Tata Group finalising e-commerce BigBasket deal, Sheldon Adelson’s Las Vegas Sands exits The Strip for Asia.

End of a 247-year era as Birkenstock sells control to Bernard Arnault

Germany’s sixth-generation Birkenstock family will sell a majority stake in its historic footwear business to the family interests of Bernard Arnault, principal of French luxury goods empire LVMH.

What the UK’s Brexit divorce means for wealthy international couples

December 15, 2020

The United Kingdom left the European Union last year and the transitional period which applies EU law to UK divorces expires on 31 December, 2020 at 23:00 GMT. This expiry will have potentially dramatic changes in international family law which will affect every wealthy family with a European connection.

And there will be profound changes in the way that family law operates within Europe after that date.

FB Roundup: Mars Inc, Illycaffe, Hays Travel

November 22, 2020

Mars family eats Kind bars for bite of health snacks market, Illy family pays for recyclable illycaffe coffee capsule takeaways, family business champion John Hays, of Hays Travel, dies aged 71.

Mars family eats Kind bars for bite of health snacks market

The family-owned conglomerate Mars, Incorporated has acquired in full the company behind Kind nut bars and granola for its boldest $5 billion foray into the health snacks market.

FB Roundup: Melia, Otto Group, Clarks

November 8, 2020

Digitalisation, flexibility and safety keep Melia’s doors open against drop in revenue, Otto Group ‘bounces back’ off e-commerce acceleration, Clark family rescue shoe business with LionRock Capital deal.

Digitalisation, flexibility and safety keep Melia’s doors open against drop in revenue

Spain’s Escarrer family is determined to improve the competitiveness and efficiencies of its global hotel business after counting the cost of the “terrible” impact of the Covid-19 pandemic on the travel industry.