Current statistics reveal that Small and medium sized enterprises are the backbone of the economy with the succession of business ownership between generations becoming a life -or-death situation for many companies in Europe and USA. According to the European Commission, 99% of businesses in Europe are small and medium sized enterprises (“SMEs”) 33% of which currently face a succession issue.
In the European Union, around 450,000 SMEs change ownership every year, this affects more than 2 million employees. Up to 1/3 of these transfers may not be successful, thus endangering around 150,000 enterprises and 600,000 jobs.
Novastone Capital Advisors, NCA is a Swiss company, founded by Christian Malek and Elena Trukhina in 2019 and backed by a consortium of Single-Family Offices. NCA are enhancing the competitiveness and sustainability of SMEs, solving succession issues, and bringing a new generation of managerial talent to SME. Entrepreneurship Through Acquisition (“ETA'') program unites capital with capability and provides seasoned professionals with the opportunity to acquire SME and step in as a CEO and a new generation of entrepreneurs.
Discover more from Davos Interviews: www.davosinterviews.com/
Find out more about NCA: www.novastone-ca.com/
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