Planning for Family Business Longevity in Three Steps

By | February 20, 2018|Family Business|

In family businesses, family assets are the unique and often intangible contributions that only families can bring to their firms and are essential to their identities. Long-lived family firms always need to identify and develop those unique family assets that have been sustained and enhanced by each generation of the family. However, as these firms [...]

What America’s family-owned businesses have learned from the German Mittelstand

By | February 9, 2018|Family Business|

Germany has a long culture of family-owned and privately held businesses, the so-called Mittelstand. These businesses typically have long-term growth goals and try to align commercial goals with the interests of their employees and other stakeholders, including the communities where they are located. Germans are understandably proud of their Mittelstand. The flip side of this [...]

Dr Pepper Deal Signals Advantage of Family Firms’ Long Term Horizons

By | February 9, 2018|Family Business|

JAB Holdings has cooled its coffee spending spree, striking a deal to buy its first cold drinks company, Dr Pepper Snapple, in a move which has bemused market commentators. Luxembourg-based JAB, which mainly controls the wealth of Germany’s Reimann family, has announced it will buy the US soft drink maker for $18.7 billion, and merge [...]

The pros and cons of IPOs in family businesses

By | February 2, 2018|Family Business|

Like many family business owners, Phil Dudderidge reached the point where he wanted to take some value out of the enterprise that he had built up over more than two decades. Mr Dudderidge, executive chairman of the company, Focusrite, describes his decision to float it on Aim, the London Stock Exchange’s junior market, in late [...]

Why Family-Business Entrepreneurs Should Embrace Private Equity Funding

By | February 2, 2018|Family Business|

With the passage of President Donald Trump’s tax plan, family-business entrepreneurs seem to be getting a big bump in social investment and corporate growth. Yet this tax overhaul isn’t without its problems. Especially when it comes to the private-equity space, the plans to limit deductions on debt interest can actually hurt family-business entrepreneurs who rely [...]

World of Work: Family-owned businesses need to face tough issues

By | January 19, 2018|Family Business|

Most companies have sensitive issues that nobody talks about, but avoiding touchy subjects in family firms can be catastrophic. Eric Clinton, director of the DCU Centre for Family Business, draws a distinction between the family-first family business and the business first family business. Those in the second category stand a much better chance of success, [...]

Mediterra, a Family Business Built on Bread

By | January 16, 2018|Family Business|

Mediterra Bakehouse in Pittsburg is owned by Nick Ambeliotis, a gentle Grecian giant. Ambeliotis might live and work in Pittsburgh, but he still considers Cleveland home. He grew up in Warren, Ohio, attended John Carroll University, and maintains season tickets to the Browns. For nearly a decade, he worked for Euro USA, a Cleveland-based importer [...]

Keeping those billions in the family vault

By | January 16, 2018|Family Business|

What to do if you’re a 95-year-old billionaire and you live in a country with inheritance taxes as high as 65 per cent? That’s the challenge facing the family of coffee baron Kim Jae-myeong, honorary chairman of Dongsuh group. It’s a common story in South Korea, which rose to become a global industrial powerhouse dominated [...]

Dynamics and disruptions: co-investments between venture capital and family business

By | January 5, 2018|Family Business|

Venture Capital firms (VCs) and family-owned business groups are not natural partners. VCs want strong minority rights, an ability to change management if the company underperforms, and do not mind dilution in shareholdings and control if the company’s valuation grows. By contrast, family-owned business often choose continuity in ownership over a high-risk/high-return strategy, and do [...]

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