Centre for Owner-Managed Businesses

Cases

Below we have gathered a series of inspiring and instructive business transfer cases.

Leading entrepreneurship: Mads Faurholt
Mads Faurholt, one of Denmark's most successful entrepreneurs, has bought shares since he was 11 years old and has founded more than 30 companies. At the CBS Business Connect conference, he shared his views on management and entrepreneurship.

Leading entrepreneurship: Ole Teglgaard
Ole Teglgaard, founder and chairman of Resolux, shared to the CBS Business Connect conference that the driving forces behind his success are the dream and the desire to be the manager of a lot of people. He emphasizes the importance of his employees contributing to the company with their ability to develop and to be innovative, and gives his views on management and entrepreneurship here.
Leading entrepreneurship: Jens Reimer-Olesen
In 2009, Jens Reimer Olesen founded Graduateland, which has grown to become Europe's largest business network for students and graduates, and he is now the Managing Director of Lane 11 and Ontame. At the CBS Business Connect conference he gave his view on management and entrepreneurship.
Documentary series: The heirs of reality
This Danish DR documentary "The heirs of reality" ("Virkelighedens arvinger") gives a rare glimpse behind the scenes when Danish business tycoons such as Flügger and Karsten Ree, and Jette Egelund from Vipp must let their family business be inherited.
Watch the episodes here (NB: the series is in Danish)
Interview: Brunata - The necessity of clarifying expectations
In the following video Professor Morten Bennedsen, Vice-Chairman Eva Fischer Hansen and the new external CEO Michael Staal of Brunata discuss management in family businesses. They agree on the necessity of family businesses to align their values and expectations with the external hires they bring in to help manage their companies. Further they underpin that incoming executives should have the freedom to run with their own ideas.

Interview: Bob de Kuyper - Balancing company and family in the succession process
In this video Bob De Kuyper from Royal Kuyper Distillers explains why it is essential for family businesses to plan for the future - it benefits both business and family.

Article: The Ree Dynasty
The financier Karsten Ree, who just recently became one of Denmark's richest by selling DBA.dk to Ebay, has offered his children a part of his business concern. The decision has been costly and in Karstens own words the kids need to "pull themselves together and learn, so they can keep the firm going". You can read the entire article in Børsen.

The article is a part of Børsens article series on family owned businesses and their successors. At Børsens homepage you can read about some of Denmark's most influential family businesses and their successions.
Article: The right successor must be found in time
In the age of 71 Stig Lausten is still looking for a successor for his almost lifelong project, the firm Kunstof-Kemi. You can read Stigs story in the Danish Financial Times Børsen, which closely covers the family-business theme in October 2014.

The article is a part of Børsens article series on family owned businesses and their successors. At Børsens homepage you can read about some of Denmark's most influential family businesses and their successions.
Article: Son sells fathers company to capital fond
The Nygaard-family, owners of NGI, sold January 2014 their fathers company to the capitol fund Adelis. According to Jan Nygaard, son of the company´s founding father, it was a difficult but necessary decision. The full story is featured in Børsen.

The article is a part of Børsens article series on family owned businesses and their successors. At Børsens homepage you can read about some of Denmark's most influential family businesses and their successions.
Documentary series: Keeping it in the family
The series from the Danish television channel TV/MIDT-VEST sets spot on owner and family managed businesses in Central and Western Jutland. In the series we follow a number of regional businesses from different sectors which are all facing succession planning. Though the businesses are different they seem to meet some-way similar roadblocks on their their way to succession. 

Watch the episodes here. (NB: the series is in Danish)
Episode 1: Keeping it in the family - Succession
In the first episode of the series we are introduced to five family businesses which are all facing a forthcoming business transition. 

In the episode Professor Morten Bennedsen underlines that an successful succession must be planned well ahead.  

Watch the first episode of the series. (NB: the series is in Danish)
Episode 2: Keeping it in the family - Challenges
In the second episode of the series we are introduced to some of the most common challenges family businesses are facing when planning for a succession. For instance, how do you make sure that the owner-manager and the inheritor share the same visions for the company's future? 

Watch the second episode of the series. (NB: the series is in Danish)
Episode 3: Keeping it in the family - Expectations
In the third episode of the documentary series the families are confronting the difficult exercise of aligning expectations. For some of the families this turns out to be difficult task, as the current and coming owner-manager are not quite on the same page regarding the plans for the firms future. 

Watch the third episode of the series. (NB: the series is in Danish)
Episode 4: Keeping it in the family - Economy
The fourth episode of the series investigates the financial aspects of successions in family businesses. The five businesses from Central and Western Jutland exemplifies different approaches to handling the financial aspects of a business transition.   

In this episode Professor Morten Bennedsen explains why it is of utmost importance to investigate different financing models when facing succession.

Watch the fourth episode of the series. (NB: the series is in Danish) 
Episode 5: Keeping it in the family - Changes
In the fifth episode of the series the families are preparing themselves for the change of everyday life that necessarily follows a business transition.  

In the episode it becomes clear that succession in family businesses inflict major changes on the lives of the involved family members. 

Watch the fifth episode of the series. (NB: the series is in Danish) 
Episode 6: Keeping it in the family - The future
The sixth and last episode of the series focuses on how owner-managed businesses can plan for the future. For the family-businesses from Central and Western Jutland it is of utmost importance to secure that the firm can be transitioned easily and exist for generations ahead. 

In the episode Professor Morten Bennedsen explains why long-term planning is important for securing successful business transfers.  

Watch the sixth episode of the series. (NB: the series is in Danish) 

 

The page was last edited by: Department of Economics // 12/06/2017