Created in 1997, European Family Businesses is the EU federation of national associations representing long-term family-owned enterprises, including small, medium-sized and larger. It represents over 1 trillion euros in aggregated turnover in Europe, 9% of the European Union’s GDP and more than 5 million jobs. It aims at promoting a full understanding of the key role of family-owned enterprises in Europe’s economy. EFB works to ensure that the economic framework is favourable to family businesses. KPMG has been working with family businesses for more than 100 years and offers services to help them with critical issues such as governance, succession, growth, assurance, exit strategies, philanthropy and wealth preservation.
Family-owned businesses make a vital contribution to global and national economies. They also face their own unique challenges. Thanks to this long-term collaboration, EFB and KPMG can better serve the interests and needs of family businesses. By providing researches and valuable knowledge, both organizations will help family businesses grow and secure their long-term prosperity. This new alliance will contribute to create a framework where family-managed organizations can flourish.
«EFB exists to represent family businesses everywhere by promoting a level playing field for family business compared to other forms of enterprise, and to have a regulatory environment that is conductive to long-term entrepreneurship. We look forward to working with KPMG on actions to create a family-business friendly environment», explains Roger Pedder, President of European Family Businesses.
«Family-owned companies have specific needs. KPMG firms are very proud to work with EFB to support them in their challenges and to help promote family business issues at the European level» points out Reto Benz, Head of National Market at KPMG Switzerland.