1 January 2012
ING Family Business
Takeover or Demise
Transferring the family business is a complex matter, a long-term process with many questions and uncertainties. In the first instance, an answer has to be found to several operational questions such as:
But just focusing on the technical aspect is not enough; the transfer of a family business is also an emotionally charged process. It is important to take into account the views of each stakeholder, starting with the family.
Some of the testimonies:
Underestimating the emotional impact of a transfer on all family members can have serious consequences. By speaking openly, the air clears, trust grows, and a shared vision of the future emerges and the chances of a successful transfer increase considerably.
Don't shy away from the conversation and start thinking about your transfer process in time.
Matteo's Madness: Takeover or Demise?
Matteo Fashion has been a family business for two generations. Jacques Matteo would like to continue this tradition and transfer the business to his sons, but Annemarie Matteo, his sister and co-owner of the business, has her doubts. She has no children of her own and has little faith in her cousins. Annemarie would prefer a management buyout or a takeover by an external party.
- Would either of those be more financially attractive?
- How do you determine the exact valuation of a business?
- Does Jacques have to divulge every last one of his business secrets?
- Do his sons actually want to continue running the stores? And what about Jacques' two daughters?
Matteo’s Madness exposes the difficulties involved in a transfer process, right from the earliest days to the (bitter?) end.
This 25-minute short film was awarded a Gold Dolphin in the 'Integrated Communication' category at the 2012 Cannes film festival.
Matteo's Madness tells the story of the transfer of a Family Business, from the conception to the final transfer (or demise?).