I'm Michael Gielkens, partner and co-owner of Tresor Capital. Investing has been my great passion for years: from analysing holding companies and serial acquirers to building long-term strategies. What was once a hobby is now my job.
Family Holdings
This week's topics: Asseco Poland, a Polish software 'serial acquirer', offers latent potential thanks to the recent entry of Topicus.com, which together with the founder now holds a controlling stake. The implementation of the proven 'Constellation playbook' should drastically increase profitability, as previously
Deep Dives
In the world of investing, a great deal of attention is paid to balance sheets, profit and loss accounts and macroeconomic trends. Essential, without a doubt. But one of the most critical factors for long-term success is often overlooked: the quality and motivations of management. The term "skin
Family Holdings
This week's topics: Alphabet's potential investment in critical AI infrastructure company Vast Data is a direct example of its broader 'moonshot' strategy, aimed at funding the fundamental building blocks of future technology. Prosus is reallocating capital by selling its stake in competitor Meituan in
Deep Dives
Earlier this month we travelled to Hamburg for the annual Capital Markets Day and shareholders' meeting of Chapters Group (Frankfurt: CHG). At Tresor Capital, we attach the greatest importance to following the companies in our portfolio closely. We can tell you with conviction that this day did not merely