Finance

Things are changing in the world of family offices. Single family offices are increasing in number as more people gain enough wealth to make it worthwhile setting one up. At the same time, multi family offices are changing. 

Family-owned bank Fleming has joined forces with multi-family office Stonehage, the latest in a series of consolidations in the sector. But when does a family office stop being a family office? 

Most family offices are private, but a small handful are incredibly well-known. As competition for deals hots up, more might follow their lead. We take a look at the best-known, from Exor and Virgin to Berkshire Hathaway.

Buyout firms are still doing deals in the Middle East, but they are very different to the leveraged buyouts still associated with PE in Europe and the US. 

A number of reports show that Germany’s Mittelstand is performing better than non-family firms. 

The received wisdom is that short-termist private equity and long-termist family businesses can never be reconciled, but some recent deals suggest that they are not always allergic to each other. 

The Rothschild family’s decision to move out of fossil fuel investments is typical of a new generation of families who are aligning their investment with their beliefs. 

The collapsed Portuguese bank was a victim of “diworsification”, a superficial spreading of risk that really only concentrated it. 

When it comes to raising money, firms are looking beyond the tried-and-tested tactics and embracing new and exciting ways of raising cash. 

Flotations are extremely popular at the moment and of course they bring many benefits but many families are not ready for the scrutiny that they bring.