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Exor (company)

Exor (company)

EXOR is a diversified holding company that makes long-term investments focused on global companies in diversified sectors.

Exor NV is an investment holding company based in the Netherlands. The Company invests in companies from different sectors, mainly in Europe and in the United States. It holds interests in PartnerRe, a reinsurance company; Fiat Chrysler Automobiles (FCA), a designer, developer and producer of passenger cars, light commercial vehicles, components and production systems; CNH Industrial, a producer of agricultural and construction equipment, trucks, commercial vehicles, buses and specialty vehicles, as well as powertrain applications; Ferrari, a passenger car and sports car manufacturer; The Economist, a magazine with focus on international news, politics, business, finance, science and technology, and Juventus, a sports club. FCA, CNH Industrial, Ferrari, PartnerRe and Juventus Football Club, together with Holdings System, constitute the Company's six operating segments.

Exor was founded in 1927 by Giovanni Agnelli and in May 2019 had a market capitalization of $15.9 billion and a net asset value of $23 billion.

EXOR's goal is to beat the MSCI World Index in Euros in the long term through the increase in its Net Asset Value (NAV). EXOR invests in different sectors, mainly in Europe and in the United States, focusing on few global companies.

Exor combines an entrepreneurial approach with sound financial discipline. It focuses on the development of its companies, improving their competitive position and profitability. It maintains a constant dialogue with the management of the companies in which it invests, while fully respecting their operating autonomy.

Timeline

Associated investment funds

Investment Fund
Description
Total offering (USD)
Total sold (USD)
Location
Date signed

75,000,000
75,000,000
August 29, 2018

20,000,000
August 2019
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People

Name
Role
LinkedIn

Enrico Vellano

CFO

John Elkann

CEO

Mina Gerowin

Independent Director

Pio Teodorani Fabbri

Honorary Chairman of the Board

Suzanne Heywood

Managing Director

Victor Bischoff

Independent Director

Further reading

Title
Author
Link
Type
Date

Agnelli family company Exor leaves Italy

Rachel Sanderson

Web

September 4, 2016

Documentaries, videos and podcasts

Title
Date
Link
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Companies

Company
CEO
Location
Products/Services
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News

Title
Author
Date
Publisher
Description
Kirsten Korosec
March 31, 2020
TechCrunch
On-demand shuttle startup Via has hit a $2.25 billion valuation following a Series E funding round led by Exor, the Agnelli family holding company that owns stakes in PartnerRe, Ferrari and Fiat Chrysler Automobiles. The Series E funding round, which included other investors, totaled $400 million, according to a source familiar with the deal. Exor invested [...]
Giulio Piovaccari
February 10, 2020
U.S.
Investment group Exor will have around $13 billion in cash provided it closes a deal to sell its reinsurance unit PartnerRe and it would spend most of that on acquisitions, a source close to the matter told Reuters.
Giulio Piovaccari
November 21, 2019
U.S.
Fiat Chrysler's top shareholder Exor will have a total of 3.6 billion euros ($4 billion) in 2022 to invest once a deal to merge the carmaker with rival Peugeot goes through, Exor's boss John Elkann said.
Reuters Editorial
April 2, 2019
U.S.
The chairman of Exor John Elkann said the Italian holding group's commitment to carmaker Fiat Chrysler remained unchanged.

References