4.8 • 186 Ratings
🗓️ 4 September 2024
⏱️ 46 minutes
🧾️ Download transcript
In this episode, Nicolai is joined by Georgi Ganev, CEO, and James Anderson, Chair, of the Swedish investment company Kinnevik. Founded in 1936, Kinnevik has a rich history of driving growth and innovation across various industries, such as telecommunications, e-commerce, and healthcare. Tune in to this engaging discussion to learn more about Kinnevik's approach to long-term investments, their perspective on public versus private companies, and the challenges they are facing in the current market climate.
The production team for this episode includes PLAN-B's Pål Huuse and Niklas Figenschau Johansen. Background research was conducted by Isabelle Karlsson and Kristian Haga.
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0:00.0 | So, hi everybody and welcome to this live podcast with Kinevik, a remarkable Swedish company. |
0:06.0 | And this company was founded in 1936, so has a long tradition in driving growth and innovation in various industries, |
0:14.0 | telecom, e-commerce and healthcare. And at NBM, we own just under 4% of the company equivalent to just under $100 million. |
0:23.3 | So a warm welcome to the CEO, Georgie Ganev and the chair James Anderson. |
0:36.5 | So, Georgie, just before we start, what is Kinnivik? |
0:41.0 | So, as you said, we are soon 90 years old or young, I suppose. |
0:47.0 | We have a history of backing amazing founders and being part of building businesses across |
0:53.1 | various sectors. |
1:03.0 | We are publicly listed, meaning that we give public shareholders the exposure to fast-growing companies. And we have a long-term mindset because we also have our founding families still as lead shareholders, |
1:10.0 | providing shareholders of flesh and blood with long-term minds we also have our founding families still as lead shareholders, |
1:15.2 | providing shareholders of flesh and blood with long-term mindset looking for returns for generations rather than quarters. |
1:19.5 | So I think in simple terms, who we are. |
1:21.5 | Good. And how has before you changed over the years? |
1:24.1 | It has changed massively because the only constant within Chenevik is that we, you know, |
1:31.5 | reinvent ourselves. So we've had a number of transformations before. And for the last six years or so, |
1:40.4 | we have again changed the portfolio into new sectors. So healthcare was something we |
1:46.5 | built up actually starting six, six, seven years ago, complete new sector. So transformed the |
1:52.4 | portfolio massively over the last years. So when you come to work every day, what's your goal? |
1:57.6 | What is your kind of long-term goal? I mean, I think our ultimate goal is that we want to be |
2:03.0 | the best owners in these sectors for our companies. And I mean, a lot of investors say that they are |
2:08.9 | long-term. For me, that's not just the holding period time. It's basically what type of discussions |
2:15.7 | we are driving in the boardroom. |
... |
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