Private Equity Exclusive news, analysis and research on global family enterprise and private investment offices. He donated the money through his family foundation in . Bertarelli chose not to race in the 2013 America's Cup and his team continues to participate in other major race events. Northill Capital, asset management firm, Bertarelli, trust, Riverbridge Partners, acquisition A keen sportswoman and sailor, Dona Bertarelli co-founded Spindrift in 2011 alongside her husband, Yann Guichard, who is a renowned French skipper. technology, building on the Bertarelli family's long involvement in biotechnology and life sciences. Bertarelli inherited Geneva-based drug manufacturer Serono with his sister, Dona. On the eve of its annual event in Davos, the World Economic Forum has appointed Risto Vyrynen as its new head of its influential family business community. FC Barcelona will look to reverse their recent poor fortunes in the Spanish Super Cup when they head to Saudi Arabia this week. Kirsty Bertarelli was represented by lawyer Fiona Shackleton, who previously represented Prince Charles and Paul McCartney in their divorces, the Daily Mail reported. The philanthropic organisation was established in 1998 by the Bertarelli family in memory of Fabio Bertarelli, her father. Almost $1 billion was collected from the sale of Serono shares in a 2000 initial public offering, according to a Bloomberg News report. You also have the option to opt-out of these cookies. The Foundation delivers real change in the fields of marine conservation and science, life science research and in local communities around the world. Chaired by Ernesto Bertarelli, Waypoint was founded in 2012 to give strategic leadership to the group and provide a broad range of . Active successfully since 2002 in risk-controlled investing including Hedge Funds and Private Equity, Kedge Capital currently manages several billions of assets on behalf of a small group of investors. Sells Serono to German drugmaker Merck for $8.6 billion. At B-FLEXION's core is a commitment to invest in and develop its people, and to fostering dynamic, diverse and exceptional teams committed to sharing its energy, spirit, ethics and values. In calculating net worth, Bloomberg News strives to provide the most transparent calculations available, He managed to triple Serono's revenues to $2.8BN. The newspaper says she has agreed to a roughly $450-5oo million dollar divorce payment, with the settlement including a villa on Lake Geneva and a chalet in Gstaad as well. For Soccer Ventures Acquires Gilt Edge Soccer Marketing, Forms For Soccer, FC Barcelona Look To Exorcise Super Cup Demons In Saudi Arabia, Indulge Your Five Senses In Ernesto Netos Immersive Environments And Contemplate Your Role In Nature And Society, Red Bull Joins Forces With Alinghi To Challenge For The Next Americas Cup, Ernesto Valverde, Back In Spotlight, Speaks On Barcelona Firing And Return To Athletic Bilbao. Media reports indicate that the couple separated by mutual agreement on an amicable basis this past summer. The family's fortune - which is estimated at $18.1BN - is mainly managed through Waypoint. We are grateful our over-the-top service & unique products continue . Serono sold additional shares on the New York Stock Exchange in 2000, for $1.8 billion. With an approach that combines multi-generational family values, a true entrepreneurial mindset and institutional private equity disciplines, B-FLEXION has grown significant expertise by investing in and partnering with asset managers across sectors including Private Equity, Venture Capital, Infrastructure, Technology, Real Estate, Hedge Funds, Public and Private Credit, and Public Securities. Prior to Northill, Little built up a global asset management business for BNY Mellon. The Bertarelli Foundation was founded in 1998 by Maria Iris, Dona and Ernesto Bertarelli in memory of Fabio Bertarelli, who in the 1970s brought Serono, his family's business, to Switzerland and helped lead the development of the life science sector in the Lake Geneva region. The group is holding stakes in known and established companies as well as in early-stage startups. The company gained fame from its discovery of a natural hormone used in the treatment of female infertility, and its treatments for multiple sclerosis and growth hormone deficiency. Get the latest stories as they happen: Free e-mail alerts from finews.com. He expanded the company and grew its revenues with his sister Dona Bertarelli, after which it was then sold to Germany's Merck in 2007 for more than $13 billion. Geneva-based Ares Life Sciences was established in 2008 and owns stakes in European life sciences companies. A family office allows a family to have all personal information in one secure place and accessible by only a limited number of people. The majority of the Bertarelli family fortune is derived from a 65% stake in drugmaker Serono that was sold to Merck for 10.7 billion Swiss francs ($8.6 billion) in 2006, according to a company statement. Does Gallardo Interest Mean Barcelona End Is Near For Ernesto Valverde? The new general counsel previously worked at Davis Polk & Wardwell, where as a partner he worked in the Californian and New York offices and led the private equity business. Boston Pharmaceuticals was equipped with $600M from the beginning on. These cookies do not store any personal information. As a natural progression in ocean conservation, she is now advocating for the connectivity of marine protected areas, to help conserve key migratory species and entire marine ecosystems, for the benefit of the communities which rely on the ocean for their livelihoods. Changing the company's focus from pharmaceuticals to biotechnology, revenues increased from $809 million in 1996 to $2.8 billion in 2006. The Bertarelli family, whichsold Serono to German Merck in 2006, is estimated to be worth north of $14 billion. He moved the business -- and his family -- to Geneva in 1977. The executive joins from Fidelity International. Also interesting is Beratrellis biotech investment firm Gurnet Point Capital, which was a major investor in 2015 founded Boston Pharmaceuticals. The Waypoint group is pleased to announce that, as of January 2022, it has changed its name and rebranded to become B-FLEXION . In addition to the typical finance role, he will also be responsible for evaluating investment ideas, risk management and fund administration, the Bertarelli family office . Media reports indicate that the couple separated by mutual agreement on an amicable basis this past summer. In 2007, Bertarelli sold his family's pharmaceutical company Serano to Merck for nearly $14 billion. James Bertarelli said that although the land for the farm and bottling operation would be valuable for other . This category only includes cookies that ensures basic functionalities and security features of the website. Cyrus Jilla (pictured below) takes over as chief executive officer of Northill Capital, the wealth management unit of Waypoint Capital.Waypoint Capital is the investment firm of the Bertarelli family. He is a visiting professor at Berkeley School of Law, where he teaches on the law of mergers and acquisitions. Supporting girls empowerment and education is important for Dona Bertarelli, and she is a founding patron of Womanity Foundation, which works to accelerate gender equality through innovative investments. Her catamaran, Ladycat, won the Bol d'Or Mirabaud race in 2010 and she founded sailing team Spindrift in 2011. Your email address His father, a successful businessman, visited him in his room to talk. But opting out of some of these cookies may have an effect on your browsing experience. By John Crawford. That same year, Fabio Bertarelli, ill with cancer, handed over control of the company to his 31-year-old son, Ernesto. Can Credit Suisse Really Put its House in Order? Oracle billionaire Larry Ellison's yacht club sued multiple times over Alinghi's proposed format for the 2010 America's Cup, which the Swiss team, with Bertarelli at the helm, would eventually lose to its American rival. Spicy, nutty, resinous, and bittersweet, the pungent aroma of cumin can be polarizing. It is mandatory to procure user consent prior to running these cookies on your website. By clicking Accept, you consent to the use of ALL the cookies. In its most general form, a family office is a wealth manager created by a family to meet its unique wealth and investment needs. A Swiss philanthropist, investor, sportswoman, and strong advocate for ocean protection, environmental conservation, animal welfare, education and social causes for more than thirty years, Dona Bertarelli is committed to a life more thoughtful. With his sister Dona, he expanded the company to $2.4 billion . Team Alinghi hired sailors from many different nationalities, including Russell Coutts and Brad Butterworth, respectively skipper and tactician of Team New Zealand's 2000 crew. Dona Bertarelli also became a member of the Mission Blue board in 2021. [17][18][19], On 22 May 2013, it was announced that a consortium led by Bertarelli and comprising Hansjrg Wyss, the cole Polytechnique Fdrale de Lausanne (EPFL) and the University of Geneva had been successful in their bid for the former Merck Serono site in Geneva, which had been put up for sale when that company announced in April 2012 that it would be closing its Geneva headquarters. Cami is an expert relating to mergers and acquisitions, private equity transactions, joint ventures, shareholder activism and corporate governance. A keen sportswoman and sailor, Dona Bertarelli co-founded Spindrift in 2011 alongside her husband, Yann Guichard, who is a renowned French skipper. The people have spoken, and, according to a poll run by a leading newspaper in Spain, they most prefer Liverpools Jurgen Klopp to succeed Ernesto Valverde as FC Barcelona coach in the near future. B-FLEXION is a private, entrepreneurial investment firm, partnering with sophisticated capital to meet the shared goal of delivering exceptional value over the generations, while also contributing positively to society. The company shot to prominence, and sold shares in an initial public offering on the Swiss stock exchange, in 1987. Led by legendary oceanographer Dr. Sylvia Earle, Mission Blue is uniting a global coalition to inspire an upwelling of public awareness, access and support for a worldwide network of marine protected areas Hope Spots. The Bertarelli wealth stems from biotech firm Serono SA which was sold in 2007 to Merck KGaA. Ernesto and Kirsty Bertarelli owned a Bombardier Global Express XRS private jet.The jet has registration HB-JII. The pair has three children and the split comes after 21 years of marriage, according to theDaily Mail (Online), citing a spokesperson for the couple. Waypoint was founded in 2012 and has offices in Geneva, London, Jersey, Boston and Luxembourg. [41] In 2023, Bertarelli pledged $75 million to Harvard Medical School to "advance scientific discovery and a culture of entrepreneurship". ekaterina_pesheva@hms.harvard.edu Office: 617-432-0441. Terms and Conditions 2,403 followers. As chair for much of the first ten years of the foundation, Dona Bertarelli led the Bertarelli Foundations early work to improve the publics understanding of infertility and sterility, through international conferences bringing together leading researchers, reproductive health experts, patients and patient advocacy organisations, as well as support and advocacy for scientific studies, and dedicated websites. PwC provides a holistic diagnostic that reviews strategic planning, services provided, processes and controls, technology and family and office governance. Swiss magazine Bilanz estimated the family fortune at CHF13.5 billion. Their professional sailing team, based in Brittany, France, represents their combined passion for the sea, sailing and competition. The family office can therefore serve as the guardian and gatekeeper of the privacy of the family. Exclusive access to family/private investment office deal information; Exclusive interviews with principals and senior management . This is natural progression . Bertarelli inherited Geneva-based drug manufacturer Serono with his sister, Dona. Kedge Capital has been active since 2002 and specialises in risk-controlled investing in financial markets, including Hedge Funds and Private Equity. Ernesto Bertarelli, a Swiss entrepreneur active in the field of business, finance, sports, and philanthropy who graduated from Babson College in 1989, studied business throughout his lifetime, realizing much later in his career how important the actual foundation of family values and beliefs was to his family's success. Ernesto now manages the family's assets as chairman of Geneva-based Waypoint Capital, under which sit several holding companies, including Jersey-based investment management firm Kedge Capital and the family's London asset management business Northill. Waypoint Capital, which manages the wealthy Swiss family's investments, is appointing Randy Castleman to the board of its subsidiary, Forestay Capital, the vehicle said in an emailed statement on Tuesday.. Forestay is Waypoint's technology invest The gift will set in motion plans to transform the outdoor courtyard of Building C into an expansive, skylighted atrium that will serve as convening and . Dona Bertarelli reveals the stark reality and determination behind Spindrifts record attempt for the Jules Verne Trophy, through her log book, published as Jai Os in 2016. Neuroengineering program is focus. The Bertarelli Foundation was created in 1998 in memory of Fabio Bertarelli, father of Ernesto and Dona Bertarelli and husband of Maria Iris Bertarelli. Pew seeks to understand and improve the economic health of families across the income spectrum and across generations, assess the impact of policies that seek to improve how much families save, and advance reforms to help consumers get the information and protections . Bertarelli and his family established a foundation in 1999 for promoting research and development in the field of male and female infertility, assisted reproduction technologies, andrology, genetics and endocrinology; supporting training, education and international and national exchanges in these areas through grants. Dona Bertarelli is co-chair of the Bertarelli Foundation, alongside her brother, Ernesto. Growth has been brisk. Bertarelli and his family sold the company to Merck KGaA of Germany in January 2007[7] for US$13.3 billion, forming the new company Merck-Serono. Suisses en Mer presents 14 Swiss sailors, including Dona Bertarelli, who have sailed the seas of the world with a great deal of success. For its acquisition spree, Alderwood is likely to need firepower of between $1 billion and $2 billion. [30], Socit Nautique de Genve and Bertarelli's efforts to organize the 33rd America's Cup following their 2007 victory in Alinghi were subject to numerous legal challenges by the Golden Gate Yacht Club. With the divorce settlement, Kirsty Bertarelli, 53, has become one of the wealthiest women in the UK. The biotech billionaire, ex-UBS board member and sailor divorces wife Kirsty Bertarelli, a former UK beauty queen. Bertarelli was the primary helmsman of his boat Alinghi 5, which lost both races against the challenger USA 17 by a considerable margin. He managed to triple Seronos revenues to $2.8BN. Ernesto Bertarelli was appointed as Seronos CEO in 1996. Cyrus Jilla will be the CEO of Northill Capital, a subsidiary of Waypoint Capital. A yacht enthusiast, his Team Alinghi won the America's Cup in 2003 and 2007. The rec ent Campden Wealth Study of Family Offices shows a significant increase in portfolio allocations into sustainab le investing - from 20% to 36% between 2019 and 2020, predicted to rise up to 47% by 2022, and further to 54% by 2027. Bloomberg reporting. Father Fabio worked for Serono, a pharmaceutical company controlled by the Vatican that developed the hormonal fertility drug Pergonal. 1906 Founded in 1906 by Cesare Serono, the company's initial growth was due to their product, Bioplastina, which, by the 1920s, was selling at a rate of over 1.3 . Can Credit Suisse Really Put its House in Order? Team Crosstree was founded by Sean Arnold and Nick Lyle in partnership with Ernesto Bertarelli's investment group, B-FLEXION (formerly Waypoint Capital), through . UBS and Campden surveyed 264 family offices that, on average, manage assets of $921m. Swiss biotech billionaire Ernesto Bertarelli's family office has appointed a new finance chief from the London Stock Exchange. The rest are valued using an analysis of the Serono proceeds, disclosed asset sales and purchases, taxes and market performance based on a hybrid of indexes that capture sectors the family is known to invest in, including Swiss real estate, hedge funds, private equity and European health-care companies. Bertarelli was also a UBS board member between 2002 and 2009 and he won the Americas Cup in 2003, defending it in 2007 with the Alinghi team he had founded and which he helped crew. He graduated from Babson College in 1989, and earned an MBA at Harvard Business School in 1993.[4]. In 2022, she was honoured with The Wilson Award for Corporate Citizenship for her work in ocean conservation. This responsibility to future generations informs how the family acts now, which is always mindful of its impactupon others and approaches what it does with generosity, sincerity and loyalty, and in the knowledge that how they do things matters as much as what they do. 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