Thought Pieces
Research & Supporting Documents
Featured Interviews
“Graham & Doddsville Spring 2024 Newsletter from Columbia Business School”
https://snobollcapital.com/wp-content/uploads/2024/06/Graham-Doddsville-Spring-2024-Issue-Snoboll-Capital-Interview.pdfCapital Allocation
“How Companies Got So Good at M&A” By David Harding, Dale Stafford, and Suzanne Kumar, Bain & Company, April 2024
https://www.bain.com/insights/how-companies-got-so-good-at-m-and-a/?campaign_id=4&emc=edit_dk_20240408&instance_id=119606&nl=dealbook®i_id=229746168&segment_id=162889&te=1&user_id=5fb51ce6a9a00433002200ee3d869461“Practice makes perfect: What sets programmatic acquirers apart” By McKinsey & Co.
https://www.mckinsey.com/capabilities/m-and-a/our-insights/practice-makes-perfect-what-sets-programmatic-acquirers-apart“How lots of small M&A deals add up to big value” By McKinsey & Co.
https://www.mckinsey.com/capabilities/strategy-and-corporate-finance/our-insights/repeat-performance-the-continuing-case-for-programmatic-m-and-a“Bolt-on takeovers are better than betting the ranch” By: Lex Populi, Financial Times
https://on.ft.com/3GkKTf6“Value Creation in (Serial) Acquisitions - The Nordic Evidence” By: Axel Gustavsson & Carl Mollerstrom, Lund University download (lu.se)
“PROGRAMMATIC ACQUIRERS PRIMER The light book on assets” Serial Acquirer Book (acquirers.com)
“Global Outperformers” By: Dede Eyesan
https://www.jengaip.com/global-outperformers/“The Makings of a Multibagger: An Analysis of the Best Performing Stocks over the Past 5 Years” By; Alta Fox
https://static1.squarespace.com/static/5aaacb57506fbe4636414126/t/5f85c428b4bac16b20450df0/1602602051503/Conclusion+Deck-+Makings+of+a+MultiBagger+-+FINAL-compressed.pdf“Serial acquirers: Getting your ducks in a row” study done by: Deloitte and the University of St. Gallen, February 2015
https://www2.deloitte.com/content/dam/Deloitte/ch/Documents/mergers-acqisitions/ch-en-corporate-finance-m-and-a-survey-2015.pdfMacro Dynamics
“Abandoning Diversification” By: Verdad Capital (8/29/22),
https://verdadcap.com/archive/abandoning-diversificationNordics Related
“The Nordic Secret” By David Franklin and Anders Bjorkstal, Solarstein Capital:
https://hedgenordic.com/2023/11/the-nordic-secret/“A promising symbiosis: small caps and the Nordic market” by DNB Asset Management
https://dnbam.com/en/finance-blog/a-promising-symbiosis-small-caps-and-the-nordic-market“Small is beautiful: uncovering the Nordic 10-baggers” By: Jan Brännback Schroder’s Small is beautiful: uncovering the Nordic ‘10-baggers’ (schroders.com)
“The Performance of programmatic acquirers Evidence from the Nordic market” By: Mattias Gionis, Jesper Stugemo, Uppsala University FULLTEXT01.pdf (diva-portal.org)
“Sweden’s junior market becomes Europe’s hottest for growth stocks” By: Ian Johnston Financial Times
https://on.ft.com/3P80noD“The Performance of Acquiring Firms in the Nordic Market - Return Characteristics of Single, Traditional, and Programmatic Acquirers” By: Thomas Lie and Markus Martinsen, Norwegian School of Economics, 2022
https://openaccess.nhh.no/nhh-xmlui/bitstream/handle/11250/3051957/masterthesis.pdf?sequence=1“Nordic champions: The value creation formula at the cusp of a new era” By: Kim Baroudy, Jens Riis Andersen, and Gustav Vilsbøll Lauritsen, McKinsey & Co
https://www.mckinsey.com/capabilities/strategy-and-corporate-finance/our-insights/nordic-champions-the-value-creation-formula-at-the-cusp-of-a-new-era“How Sweden’s stock market became the envy of Europe” By: Nikou Asgari, Financial Times
https://www.ft.com/content/edc1bba0-25ca-4148-96f6-d67e30f11a2e?shareType=nongift“Can This Country Show Europe How to Compete Again?" By Patricia Cohen, New York Times, 8/13/24
https://www.nytimes.com/2024/08/13/business/sweden-economy-europe-competitiveness.html?campaign_id=4&emc=edit_dk_20240813&instance_id=131582&nl=dealbook®i_id=229746168&segment_id=175017&te=1&user_id=5fb51ce6a9a00433002200ee3d869461Ownership Structure
“Family Matters” By: Kepler Cheuveux Kepler Family Matters - Sept 2023.pdf
“Family-owned companies Recap on performance. Opportunities in Europe” By: UBS Family Owned Companies - Opportunities in Europe - UBS Jan 2023.pdf
“Family-owned businesses show resilience through pandemic”
credit-suisse.com/about-us-news/en/articles/media-releases/family-owned-businesses-show-resilience-through-pandemic-202009.html”“What You Can Learn from Family Business” by Nicolas Kachaner, George Stalk, Jr., and Alain Bloch, Harvard Business Review What You Can Learn from Family Business (hbr.org)
“Founder-CEOs and Stock Market Performance in the Nordic Region” By: Ole-Petter Sjovold (Autumn 2020) Norwegian School of Economics
https://openaccess.nhh.no/nhh-xmlui/handle/11250/2737467