Transcript
Introduction
Zack
Today, we are breaking down Lifco, a Swedish conglomerate recognized amongst a group of notable Scandinavian serial acquirers. To break down Lifco, I'm joined by Adnan Hadziefendic, a portfolio manager at REQ Capital.
Carl Bennet, the current Chairman, is the architect behind Lifco. Carl was the former CEO of the famed Electrolux in the 1980s. After acquiring a business out of Electrolux with a friend, Carl formed the group, which is now today's Lifco. The roots of the business are in the medical sector, dental, more specifically, but has since grown into a diversified conglomerate as an acquirer of dental instruments, demolition equipment and a wide array of specialized industrial businesses.
The company is guided by a clear philosophy centered on constant long-term growth, a focus on profitability and an intentionally decentralized organization. Lifco's business focus is to acquire and develop market-leading niche companies that run independently in largely self-funded business units. We hope you enjoy this breakdown of Lifco.