Family Holdings #15 - MBB's Record Figures Leave Us Wanting More
New
Deep Dive - Thinking in Generations with Sofina at the Tresor Capital Investor Day, April 2026
On Wednesday, April 1, 2026, we were delighted to welcome no fewer than 135 business partners to our client appreciation day—yet another record. We are thrilled that so many customers made the long journey to Maastricht from Amsterdam, Bruges, or Knokke to attend this event. This time, we were not in Lanaken,
Family Holdings #14 - From Record Dividends at Asseco to the Facts Behind the Panic in the Private Credit Market
Deep Dive - Constellation Software is focusing on AI integration
A report on our one-on-one interview with CFO Jamal Baksh about the latest financial results, the company’s AI strategy, and the recent major acquisition.
Family Holdings #13 - European holding companies and the financial results of their flagship companies
Deep Dive - Meeting with Chapters' management bolsters confidence in AI resilience
An analysis of Chapters Group's financial figures and strategy following our meeting with management
Family Holdings #12 - The AI hype is free, but the bill isn't
Deep Dive - Buffett's successor Greg Abel shows immediate skin in the game
Investment holding company Berkshire Hathaway is entering a new era as Warren Buffett hands over the reins to Greg Abel. Despite weak quarterly figures, the core remains intact: a strong balance sheet, strict capital allocation, and a long-term focus.
Family Holdings #10 - From toxic pills in software to the AI attack on your brain
Family Holdings #9 - Navigating a nervous market with a long-term focus
Family Holdings #8 - The purchases and sales of the holdings
Deep Dive - Software and private equity under the spell of Artificial Intelligence
The narrative that AI will fundamentally disrupt existing business models has led to significant price movements in a short period of time. Whereas we could previously speak of healthy caution with regard to technological disruption, we have now entered a phase of total irrationality.
Family Holding Companies
Family Holdings #7 - Record growth meets growing concerns
Family Holding Companies
Family Holdings #6 - The divergent lessons in capital allocation from Google and Markel
Deep Dives
Deep Dive - AI versus VMS: investors throwing the baby out with the bathwater
The market seems to have already passed its verdict, with artificial intelligence (AI) dealing the death blow to niche software. However, we believe that this fear is greatly exaggerated.
Family Holding Companies
Family Holdings #5 - Holdings benefit from secular megatrends
Economy & Markets
Economy & Markets #4 - Geopolitical risk declining, or not?
Family Holding Companies
Family Holdings #4 - Swedish reliability and Belgian stars
Media
Tresor Capital featured in podcast about Chapters Group
Together with host Quinten Hafkamp and Rowan Nijboer, Tresor Capital partner and co-owner Michael Gielkens recorded a deep dive podcast this week about serial acquirer Chapters Group. Below, we share both the link and the transcript of the deep dive podcast. The podcast is in Dutch, but thanks to the transcript, it can be understood by English speakers.
Deep Dives
Deep Dive - MBB Founder Nesemeier: "Aumann could surprise us this year"
This week, we spoke at length with CEO, founder, and major shareholder Christof Nesemeier and CFO Torben Teichler of the German investment holding company MBB.
Family Holding Companies
Family Holdings #3 - Distribution and infrastructure determine the AI battle at Alphabet and Brookfield
Economy & Markets
Economy & Markets #3 - What will happen to the dollar? Applying for jobs again thanks to AI?
Family Holding Companies
Family Holdings #2 - Headlines vs. Fundamentals: Private Equity & Software
Economy & Markets
Economy & Markets #2 - Trump plays real-life Risk