Adnan Hadziefendic, a portfolio manager at REQ Capital, shares insights on Lifco, a Swedish conglomerate known for its decentralized approach to acquisitions. They dive into Lifco's impressive growth since relisting in 2014 and its unique strategy to acquire niche market leaders in both dentistry and demolition. The discussion highlights the company's agile management style, especially during crises like COVID, and its effective capital allocation helping maintain profitability. Key lessons emphasize the importance of long-term thinking and maintaining independence among acquired businesses.
