Family Holding Companies
Family Holdings #43 - MBB Breaks Records and Rises to New Heights
Also: Swedish serial acquirers show how it's done; Chapters CEO Jan Mohr on the 'Shotgun' and 'Rifle' AI approach.
Joep Dikken
I am Joep Dikken, junior analyst at Tresor Capital. With a background in financial economics, I focus on monitoring portfolio companies, performing fundamental analyses, and identifying new investment opportunities.
Media
Tresor Capital featured on the podcast 'Talking Billions'
The issues of the day dominate the stock markets, where the focus often extends no further than the next quarterly report. However, real value creation takes place over decades and generations. A culture of permanence forms the foundation for this. This very theme was the focus of a recent in-depth discussion in the
Family Holding Companies
Family Holdings #42 - Investor AB Capitalizes on Megatrends AI and Defense
Further: Scottish Mortgage on simple investing; Brookfield increases exposure to private credit and energy.
Media
Tresor Capital Guest on Beating the Benchmark
Partner Michael Gielkens was recently a guest on Beating the Benchmark, a LinkedIn Live webinar by fintech company Performativ. During a conversation with Christian Lindvall, Tresor Capital's disciplined investment strategy was explained. This strategy underlies the outperformance that the family holding strategy has achieved since 2017 compared to
Family Holding Companies
Family Holdings #41 - Family Holding Companies Go All-In on Artificial Intelligence
The week was marked by acquisitions and AI growth. Major holdings and tech companies expanded their operations through strategic acquisitions, while Alphabet and others invested heavily in AI innovation and data center expansion.
Deep Dives
Deep Dive - In the Shadow of Action, 3i Group's PE Portfolio Delivers Returns
Family Holding Companies
Family Holdings #40 - Asseco and Topicus create fireworks in Poland
This week's topics: Topicus has received the green light to increase its stake in the Polish IT giant Asseco Poland to 24.84%, ushering in a new era focused on long-term value creation. The strategic alliance introduces the disciplined capital allocation and operational expertise of Topicus and its parent company Constellation.
Family Holding Companies
Family Holdings #39 - Constellation Software Shares AI Vision: Founder Mark Leonard Steps Down
This week's topics: The share of Constellation Software came under pressure this week after founder and figurehead Mark Leonard unexpectedly stepped down as president for health reasons, three days after a rare AI webinar. During that session, Constellation extensively discussed the impact of AI: how the company pragmatically implements applications, what efficiency gains
Deep Dives
Deep Dive - Brookfield Corporation Aims to Double Again
Brookfield Corporation (New York: BN) has been known for decades as an investor in real assets – infrastructure, real estate, private equity, and renewable energy, often with its own capital as a starting point, later supplemented by the ever-increasing inflow of institutional investors. This institutional money now forms the core of the asset management
Family Holding Companies
Family Holdings #38 - The impact of AI on VMS companies, part 2
This week's topics: Does AI pose a threat to established niche software companies? We don't think so; their true strength lies not in technology, but in deep market knowledge and the high switching costs for their customers. This is confirmed by the CEO of Chapters Group, who emphasizes that the complex migration process, and
Deep Dives
Deep Dive - Record After Record at Heico
This week, we delve deeper into the serial acquirer Heico Corporation (New York: HEI-A). The American company, active in the aftermarket for aircraft parts, has recently posted another record quarter. Net profit rose to USD 177.3 million (+30%), operating income to USD 502.1 million (+22%), and revenue
Family Holding Companies
Family Holdings #37 - Half-year figures D'Ieteren and the architecture of Alphabet's dominance
This week's topics: D'Ieteren took a hit after disappointing half-year figures: profit before taxes fell by 22.7% and revenue by 2.9%, leading to a share price drop of almost 10%. However, the core remains strong under the hood: Belron and PHE are delivering solid growth.