Women family business owners are among Germany’s top entrepreneurs
A list of Germany’s top entrepreneurial women compiled by Siegel Online and Manager Magazin is dominated by family business owners. Out of the eleven listed names, seven were linked to a family business and includes Bettina Würth, from the huge construction group, Würth; Alexandra Schörghuber, from the manufacturer group, Schörghuber; Yvonne Bauer, from the publishing group, Bauer Media Group; and Petra Schadeberg-Herrmann, from Krombacher Brewery.
US logistics group set to IPO for liquidity event for family
Schneider National, the US’s biggest privately-owned trucking group, is planning a public stock offering, according to reports. The Green Bay-based company has been owned by the Schneider family since 1935. The Milwaukee Journal Sentinel report quoted an ex-employee of Schneider saying one possible reason behind the IPO is that the third generation has shown little interest in running the company. “So converting some of that stock into a liquid asset that they could reinvest someplace else, or spend – whatever they want to do with it – makes sense,” Noel Perry was quoted in the article.
Family office/family capital deals
Notable family office activity this week was linked to the US property develop Frank McCourt and his family office McCourt Global. A report said McCourt plans to use his family office to invest beyond property into areas like private equity and “finance”. The report says the group has more than $1 billion to invest.
McNally Capital, the Chicago-based investment firm that partners with family offices to make direct private equity investments, announced earlier this week the acquisition of Dedicated Computing, an original design manufacturer of computing systems.
Death in family of famous Australian publishing owners
James Fairfax, the former chairman of media group John Fairfax & Sons, has died at the age of 83. He was the great-great-grandson of James Fairfax, the founder of the Fairfax media empire, which still owns a number of prominent publications in Australia, including the Australian Financial Review and the Sydney Morning Herald.