EXOR N.V.

EXOR N.V. is a prominent diversified holding company, controlled by the Agnelli family, known for its long-term, patient capital investment approach across a broad spectrum of global industries. Headquartered in Amsterdam, the firm primarily focuses on acquiring and developing significant stakes in established, high-quality companies with strong fundamentals and growth potential. This strategy is exemplified by its substantial portfolio, which includes controlling or influential positions in industrial giants like Stellantis, Ferrari, CNH Industrial, and Iveco, alongside media interests such as The Economist Group. As of December 31, 2023, EXOR reported a Net Asset Value (NAV) of €36.2 billion, underscoring its immense financial capacity and strategic influence in the global investment landscape.

Beyond its core strategy of investing in mature, large-cap enterprises, EXOR also actively engages in strategic investments that align with its long-term vision. A notable recent example is its acquisition of a 15% stake in Philips in August 2023, valued at approximately €2.6 billion, demonstrating its willingness to deploy significant capital into leading companies in evolving sectors. EXOR's investment philosophy emphasizes partnership with management teams, fostering sustainable growth, and leveraging its extensive network and industrial expertise to create value over decades rather than short-term cycles.

To complement its strategic holdings, EXOR N.V. operates EXOR Ventures, its dedicated early-stage investment arm. EXOR Ventures focuses on backing promising startups from the seed to Series A stages, primarily in sectors that align with EXOR's broader interests or represent future growth areas. This venture arm typically provides initial checks ranging from €250,000 to €2,000,000. Converted to USD, this translates to approximately $270,000 to $2,160,000 based on recent exchange rates. EXOR Ventures leverages the parent company's vast resources, industry insights, and global reach to provide more than just capital, offering strategic guidance and access to a powerful ecosystem for its portfolio companies. This dual approach allows EXOR to participate in both the established economy and the disruptive innovation landscape.