Family offices have existed for over a century and have been formed to implement very important and complex objectives, including investment management, corporate succession, estate, gift and income tax planning, and charitable giving issues that are important to the members of the family. Since passage of the Dodd-Frank Wall Street Reform and Consumer Protection Act, a family office that is an “investment adviser”—an entity that, for compensation, is engaged in the business of givi
Norwegian family office Ferd Capital has sold five companies to Nordic investment house Verdane Capital, in an effort to focus on larger and more mature companies.
In a statement, Ferd Capital, owned by the Andresen family, said the sale of five software and energy companies would “free up valuable time and resources” for its new strategic direction.
The transaction includes: Danish manufacturer of network adapters Napatech; Finland’s Eniram, which produces software system