Vimeo
LinkedIn
Instagram
Share |

wallenberg

August 1, 2018

Industrial foundations lock up generations of family wealth. But what they lack in flexibility they compensate in prospects for long-term prosperity. Scott McCulloch reports

Industrial foundations lock up generations of family wealth. But what they lack in flexibility they compensate in prospects for long-term prosperity. Scott McCulloch reports

Foundations have deep roots in privately-held enterprises, especially in northern Europe’s high-tax jurisdictions. The business model is imperfect, but goes a fair way towards preserving multigenerational wealth.

May 23, 2018

LG Group chairman dies, prominent Swedish families back ‘creative Davos’, LVMH-backed funds buys into Indian retailer

Transformational LG Group chairman Koo Bon-moo dies 

The influential chairman of South Korea’s LG Group, who helped transform the company into a technology heavyweight, has passed away after a battle with brain disease.

Third-generation leader Koo Bon-moo, 73, had been ill for a year, LG said in a statement, and had refused life support.

September 12, 2016

Private equity has a special pull for families used to running operating businesses. But with record levels of assets committed to private equity funds is it the best asset class to drive returns? 

Private equity has a special pull for families used to running operating businesses. But with record levels of assets committed to private equity funds is it the best asset class to drive returns? 

The plotline is one that has been played out countless times before. A family has made its wealth in an operating business, has exited and is now running a family office. Do they sit back and take a diversified approach to their wealth or eventually get itchy feet and pour their assets back into the sector they know best?

March 31, 2016

Percy Barnevik made his name heading up one of the largest family-controlled businesses in Europe, but in his retirement it is microenterprises where he has focused his attention. Jessica Tasman-Jones caught up with the former executive to find out how his foundation, Hand in Hand International, is addressing poverty one job at a time

The solution to a great deal of the world’s problems is jobs, argues Percy Barnevik. “In Egypt 75% of the students don’t get a job. The young men sit in the cafés in Cairo, unhappy, angry, they can’t support themselves, let alone a small family.” This breeds anger and they become prey for the Muslim Brotherhood and all types of violent organisations, says the former business executive. “The problem is not Islam, not the Bible, the problem is not religion. The problem is poverty and hopelessness.”

January 20, 2015

Peter Wallenberg, the Swedish financier who helmed one of Europe’s largest corporate dynasties for 15 years, has died at the age of 88 in Stockholm County.

Peter Wallenberg, the Swedish financier who helmed one of Europe’s largest corporate dynasties for 15 years, has died at the age of 88 in Stockholm County.

The elder statesman took over the Wallenberg family business following the death of his father in 1982 – a move that many believed would bring about the end of the family’s century-long dominance of the Swedish banking and industrial sectors.

September 9, 2014

The family office behind Swedish banking dynasty, the Wallenbergs, has given their stamp of approval on a recent deal by publicly-listed Electrolux, in which they are the largest shareholder, to buy General Electric’s US appliance business for $3.3 billion (€2.5 billion).

The family office behind Swedish banking dynasty, the Wallenbergs, has given their stamp of approval on a recent deal by publicly-listed Electrolux, in which they are the largest shareholder, to buy General Electric’s US appliance business for $3.3 billion (€2.5 billion).

In a statement, the Wallenberg family office, Investor, which holds 15.5% of the capital and 30% of voting shares in Electrolux, said it fully supports the transaction and is looking forward to seeing the brand increase its foothold in North America.

August 26, 2010

Sweden’s most famous family dynasty, the Wallenburgs, could be big beneficiaries from its investment in ISS, one of the world’s largest facility service providers, after the privately-owned company announced it was considering an initial public offering.

Sweden's most famous family dynasty, the Wallenburgs, could be big beneficiaries from its investment in ISS, one of the world's largest facility service providers, after the privately-owned company announced it was considering an initial public offering.

The Wallenburg family owns 55% of ISS, a stake it acquired in May 2005, through its private equity vehicle EQT.

March 3, 2008

Volkswagen has increased its stake in truck manufacturer Scania to 68.6% after buying the shares from a powerful Swedish family.

Volkswagen has increased its stake in truck manufacturer Scania to 68.6% after buying the shares from a powerful Swedish family. The Wallenbergs, who held a 30% stake through industrial holding firm Investor AB and the Wallenberg Foundation, sold their shares to the German carmaker for €21 per share.

March 1, 2005

Google the word philanthropy and the word ‘stiftung’ – or ‘foundation’ in German – comes up many times over. Many eminent philanthropy experts are based there, and many global philanthropic projects lead back to German foundations; so it seems clear Germany is probably Europe’s leader in family philanthropy.

Google the word philanthropy and the word 'stiftung' – or 'foundation' in German – comes up many times over. Many eminent philanthropy experts are based there, and many global philanthropic projects lead back to German foundations; so it seems clear Germany is probably Europe's leader in family philanthropy. Even though the country is faced with its highest unemployment rates since World War II, Germany continues to make a sizeable contribution to European and global philanthropy, fuelled by families selling their companies and realising their wealth.
 

Click here >>
Close