In 2007, Bertarelli sold his family's pharmaceutical company Serano to Merck for nearly $14 billion. 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. Among Dona Bertarellis other philanthropic activities, she supports several initiatives focused on the ocean, and she is part of a community of advocates, the World Economic Forums Friends of Ocean Action. The Bertarelli family, whichsold Serono to German Merck in 2006, is estimated to be worth north of $14 billion. In calculating net worth, Bloomberg News strives to provide the most transparent calculations available, In 2012, the Ledunfly family office was established to serve the personal business interests and philanthropic activities of Dona Bertarelli, her husband, Yann Guichard, and her three children, while shared Bertarelli family assets continue to be managed by B-Flexion, led by her brother, Ernesto. Swiss biotech executive, entrepreneur, and philanthropist Ernesto Bertarelli has pledged $75 million to advance basic scientific discovery, therapeutic science, and a culture of entrepreneurship at Harvard Medical School.. [46], In December 2008, Appledore Shipbuilders launched the hull of Project55, Bertarelli's new yacht,[47] which was completed as Vava II by Devonport Engineering Consortium Ltd at Plymouth in February 2012[48], "Bloomberg Billionaires Index: Ernesto Bertarelli", "Les Bertarelli et la pharmaceutique, une histoire de plus d'un demi-sicle", "Startups, Entrepreneurs and Innovation Upstart Business Journal", "GBL Near to $1.7 Billion Affidea Deal With Swiss Tycoon", "Health & Neuroscience Fondation Bertarelli", "GBL to Acquire Health Care Firm Affidea From Swiss Billionaire", "Alpine attraction: Switzerland is a magnet for family offices", "Crosstree Real Estate Partners | Fresh, versatile capital and perspective", "Kedge Capital Fund Management Limited: Private Company Information Bloomberg", "Gurnet Point L.P. Completes Acquisition of Innocoll Holdings plc", "Project to Combine Stallergenes and Greer Laboratories: The New Board of Ares Allergy Appoints Fereydoun Firouz Chairman and CEO | FierceBiotech", "Bertarelli's Waypoint to mop up remaining Euromedic stake source", "Merck KGaA to Close Merck Serono Site in Geneva, Cut Jobs", "Ernesto Bertarelli bought the building in Geneva Merck (translation)", "The Wyss-Bertarelli project was selected by Merck (translation)", "Campus Biotech will be the core of the Swiss neuroscience valley", "Bertarelli: "La Coppa America come giocare alla roulette", "Coppa America, la storia Il miracolo di Alinghi", "America's Cup 2007 America's Cup Match Race Results and News Stories-from CupInfo", "Catgorie:Chevalier de la Lgion d'honneur", "Comunicato: Presidenza della Repubblica", "Scuttlebutt News: Cory E. Friedman America's Cup", "First blood to USA - News - 33rd America's Cup", "USA win 33rd America's Cup Match - News - 33rd America's Cup", "Alinghi returns to defend Extreme Sailing Series title in 2017", "Alinghi wins 2016 Extreme Sailing Series Title >> Scuttlebutt Sailing News", "Sailing News - America's Cup News - Ernesto Bertarelli SUI inductee to the America's Cup Hall of Fame", "Christopher:: Launching of EPFL Center for Neuroprostheses", "Songstress releases festive single with YMCA North Staffordshire choir", "Board of Fellows | Harvard Medical School", "Harvard Medical School Receives $75 Million Gift", "America's Cup winning yachtsman and global entrepreneur receives honorary doctorate", "It's not about the money super-rich Kirsty Bertarelli turns to", "Songwriter Kirsty Bertarelli becomes Britain's richest divorcee with 350m settlement", "Largest British-built private yacht sets sail for Caribbean", "Le onorificenze della Repubblica Italiana", https://en.wikipedia.org/w/index.php?title=Ernesto_Bertarelli&oldid=1142305583, Chairman, B-Flexion; Co-Chair, Bertarelli Foundation, This page was last edited on 1 March 2023, at 17:44. 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. [44] The couple's divorce was announced in October 2021. 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. Our Core Belief. The programme was created to share her passion for the ocean, and, to coincide with the first attempt by her sailing team, Spindrift, to beat the Jules Verne Trophy record, the first Adventure Book was shared. [43], Bertarelli met Kirsty Roper, a former 1988 Miss UK and songwriter, while on holiday in Italy in 1997. 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. With the divorce settlement,Kirsty Bertarelli, 53,has become one of the wealthiest women in the UK. In 2021, Dona Bertarelli, her children and her husband, Yann Guichard, created Sails of Change, building a community of sports and nature lovers who want to create a sustainable future for our planet, and whose first campaign was 3030, a science-based international goal to fully or highly protect at least 30% of our planet by 2030, and sustainably manage the remaining 70%. One of Northills portfolio companies is Virginia-based Strategic Investment Group which is an Outsourced Chief Investment Officer industry pioneer. Her catamaran, Ladycat, won the Bol d'Or Mirabaud race in 2010 and she founded sailing team Spindrift in 2011. Sharpening cuts deep into our family heritage & this shows in our work & service to customers. 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 . By the early 1970s, Bertarelli took majority control of Serono by acquiring shares on the open market and renamed it Ares-Serono. The Bertarelli Foundation was created in 1998 in memory of Fabio Bertarelli, father of Ernesto and Dona Bertarelli and husband of Maria Iris Bertarelli. Update: in 2021 a brand new Bombardier Global 7500 with registration HB-JIT was delivered to Bertarelli.. Bombardier Global 7500. Little has no plans to invest in private equity or hedge fund traders. Managing Partner of their London office. Some projects recently sponsored by the Bertarelli Foundation have been the research Centre for Neuroprosthetics at the EPFL in Lausanne;[37] the partnership with the British government to create the largest marine reserve in the world in Chagos,[38] in the Indian Ocean; a joint research and education program in neuroscience between Harvard Medical School and EPFL;[39] the Swiss Sailing Grants in partnership with the Swiss Sailing Federation; and the Henna Pre-School in South Africa and a partnership with the Stoke-on-Trent YMCA that is led by Kirsty Bertarelli. They found that 36 per cent of the offices expected the next generation of the family to assume . Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. With the divorce settlement, Kirsty Bertarelli, 53, has become one of the wealthiest women in the UK. [5][6] Bertarelli became CEO in 1996 and, along with his sister Dona, inherited ownership in 1998 on the death of his father. Waypoint Capital, which manages the wealthy Swiss family's investments, is appointingRandy Castlemanto the board of its subsidiary, Forestay Capital, the vehicle said in an emailed statement on Tuesday. Private Equity, The Worlds Top 750 Family Businesses Ranking, Paul Allen created one of the worlds most dynamic private investment offices, World Economic Forum appoints new head of its family business community, The new multi-family office the family-backed investment fund, Family office backs private debt group in decarbonisation efforts. In 2007, she received a large sum of money when the company was sold for $13 billion. 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. The new firm, the name of which has not been disclosed, will be part of Kedge Capital, the Bertarelli's family office. Bertarelli chose not to race in the 2013 America's Cup and his team continues to participate in other major race events. Ernesto and Dona co-chair the Bertarelli Foundation, which focuses on marine conservation and life sciences research. Typically, Alderwood would buy into general partnerships in charge of managing their firms. He moved the business -- and his family -- to Geneva in 1977. FC Barcelona will look to reverse their recent poor fortunes in the Spanish Super Cup when they head to Saudi Arabia this week. 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. Waypoint is the Bertarelli family's principal investment and advisory platform. Cami is an expert relating to mergers and acquisitions, private equity transactions, joint ventures, shareholder activism and corporate governance. After all, her . Ernesto Bertarelli drew from his experience taking over the reins of the Switzerland-based biotech Serono from his father when helping launch and expand this family entrepreneurship institute. This photographic essay invites readers on a journey of emotions and marine odysseys. The Forum Fondazione Bertarelli originates from a thorough study of the settlement models in the inland of the Maremma plains. Cyrus Jilla will be the CEO of Northill Capital, a subsidiary of Waypoint Capital. A private debt group thinks it has some solutions and just received further backing from an impact-led family office, Family offices would be forgiven for getting irked by newly-published analysis, which reveals the average base cost of investing in a multi-strategy fund is a hefty 7%, plus performance fees of 20%, Please refer back with further deals and all links for new investment groups with 24 hours We are grateful our over-the-top service & unique products continue . 2023 Forbes Media LLC. Add to collection. Ernesto Bertarelli was appointed as Serono's CEO in 1996. Geneva, Switzerland - 23 June 2015 : Waypoint Capital, the business enterprise for investments associated with the Bertarelli family, today announces the appointment of Christopher A. Viehbacher as the Managing Partner of its US-based Gurnet Point Capital ("GPC") fund. Valuations are Exclusive news, analysis and research on global family enterprise and private investment offices. He donated the money through his family foundation in . Related by financial asset: Santhera Pharmaceuticals. Bertarelli was Team Alinghi's only Swiss national serving as navigator in 2003 and subsequently as an afterguard runner and grinder in 2007, when Team Alinghi defended the America's Cup in Valencia. In Switzerland, Bertarelli is best known for his sporting ventures, financing Swiss sailing team Alinghis bid for the Americas Cup and winning the most prestigious trophy of the sport for the land-locked country. Lionel Messi chose recently-fired compatriot Mauricio Pochettino as one of his top three coaches for The Best awards. Another exemplary portfolio company is Riverbridge Partners, which manages US equity growth portfolios for institutional and high net worth investors. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); Copyright 2023 Family Capital. The Bertarelli Foundation is a private foundation founded by the Bertarelli family; brother and sister Ernesto and Dona Bertarelli, who are co-Chairs of the Foundation, and their mother, Maria Iris Bertarelli.It was established in 1998 in memory of Fabio Bertarelli and is based in Gstaad, Switzerland. Access to the most comprehensive fully interactive database on global family offices, principal investment offices, and family enterprises. In the same year, the couple became Patrons of Nature of the International Union for Conservation of Nature (IUCN), joining an international group of conservation, business and philanthropy leaders, who support IUCNs mission to make our planet a safe and healthier home for all. As an investor, with assets in hospitality and real estate, she focuses on long-term value creation. For its acquisition spree, Alderwood is likely to need firepower of between $1 billion and $2 billion. Swiss magazine Bilanz estimated the family fortune at CHF13.5 billion. Who is the Most Active Swiss Family Office Dealmaker? The family's business activities, both joint and individual, are diverse Helping to safeguard the world's largest marine reserve The family shares a commitment to its future generations and to the continuity of its values and heritage Passionate about sailing and the world's oceans Committed to continuing their family's legacy of leadership The family sold its stake in the company for 10.7 billion Swiss francs ($8.6 billion) in 2006. Ernesto Bertarelli inherited biotech giant Serono, maker of the multiple sclerosis drug Rebif, following his father's death in 1998. converted to U.S. dollars at current exchange rates Read 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. 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