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May 7, 2014

An Illinois-based family upholstery business has joined forces with a private equity firm in the hope of becoming the US's first publicly-traded company of its type in the US. 

An Illinois-based family upholstery business has joined forces with a private equity firm in the hope of becoming the US's first publicly traded company of its type in the US.

Ken Kovie's family have been in the upholstery business since 1939, when his parents opened their first shop in Chicago – Kovie joined the family business in 1975, and went on to found Ken's Custom Upholstery in 1985.

January 24, 2014

One of the biggest family businesses in the Middle East could launch its first IPO in a matter of months, according to media reports. 

One of the biggest family businesses in the Middle East could launch its first IPO in a matter of months, according to media reports.

Saudi Binladin Group, a second-generation construction company, could list one of its biggest divisions, Construction Products Holding (CPC), as early as June.

January 22, 2014

Family business patriarch Li Ka-shing, who is also Asia's richest man, has raised $3.1 billion (€2.3 billion) dollars through an IPO of a division of his electric company.

Family business patriarch Li Ka-shing, who is also Asia's richest man, has raised $3.1 billion (€2.3 billion) dollars through an IPO of a division of his electric company.

HK Electric Investments – a subsidiary of Power Assets, which is indirectly controlled by Li's flagship company, Hutchison Whampoa – listed 4.43 billion units at HK$5.45 (€0.51) each.

January 13, 2014

Many investors were happy to pay over the odds for shares in Japanese drinks business Suntory, safe in the knowledge the founding Saji family – renowned for their business acumen – were steering the ship. But what if the next generation decide to take a step back from management? CampdenFB reports.

When family-controlled Japanese drinks business Suntory had its $4bn IPO in July, many analysts felt that the shares were overvalued compared to its peers. But what non-Japanese investors failed to understand is that the price includes a family premium. Suntory is iconic in Japan, and so is the Saji family which controls it. Those who bought shares are showing their trust in the Sajis. But could the nay-sayers be right?

January 2, 2014

Italian family business Fiat has welcomed in the New Year by signing an agreement to purchase the remaining stake it does not already own in US carmaker Chrysler.

Italian family business Fiat has welcomed in the New Year by signing an agreement to purchase the remaining stake it does not already own in US carmaker Chrysler.

The $3.65 billion (€2.67 billion) agreement ends a stand off between Fiat, which is owned by family-controlled holding company Exor, and a retiree healthcare trust over the value of the company.

Veba, associated with the United Auto Workers union, argued its 41.5% stake was worth $5 billion, while Fiat said it was worth half that amount.

December 18, 2013

Family-controlled French department store group Galeries Lafayette is reportedly considering a purchase of British counterpart House of Fraser, in an effort to expand its operations across the Channel.

Family-controlled French department store group Galeries Lafayette is reportedly considering a purchase of British counterpart House of Fraser, in an effort to expand its operations across the Channel.

The 164-year-old House of Fraser had been mulling an IPO in 2014, as previous attempts over the past two years at a trade sale have failed.

But according to Reuters, two industry sources have confirmed the department store groups are currently in talks, meaning the planned public
listing wouldn’t go ahead.

December 6, 2013

Germany’s Merck bulked up its materials and specialty chemicals business with purchase of high-tech electronic materials company and George Soros bought into Australia’s Nine Entertainment’s IPO.

Germany’s Merck bulked up its materials and specialty chemicals business with purchase of high-tech electronic materials company and George Soros bought into Australia’s Nine Entertainment’s IPO.

Merck
German pharmaceuticals and chemicals business Merck, which is 70% owned by the eponymous founding family, is to buy Britain's AZElectronic Materials for £2.6 billion (€3.1 billion).

November 27, 2013

Uncertainty about whether Italian family business Fiat will buyout the remaining stake in US carmaker Chrysler looks set to remain into the new year, with the company announcing a planned partial listing will not happen before the end of the year.

Uncertainty about whether Italian family business Fiat will buyout the remaining stake in US carmaker Chrysler looks set to remain into the new year, with the company announcing a planned partial listing will not happen before the end of the year.

August 15, 2013

Malaysia’s Berjaya Group takes next step in the listing of its 7-Eleven franchise, NewsCorp invests in online sports videos and Bestseller next-gen invests in online fashion brand.

Malaysia’s Berjaya Group takes next step in the listing of its 7-Eleven franchise, NewsCorp invests in online sports videos and Bestseller next-gen invests in online fashion brand.

Berjaya Group
Family-controlled Berjaya Group has appointed UBS and Maybank Investment Bank, among others, to manage an initial public offering of its 7-Eleven convenience-store franchise.

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