Our Managing Partner presented at VISTRA LatAm Roundtable Series: Family enterprises: Latin America’s growth engine
Similar to its Latin American peers at least 80% of the country’s 1.2 million businesses are privately owned and account for over 50% of Argentina’s GDP. Argentina’s ‘Top 50’ business families are worth 70 billion USD altogether, which equates to 10% of the country’s 2017 total estimated GDP. Local family owned businesses are increasingly looking into global cross border expansion as they assess possibilities of consolidating their operation in professionally managed holding companies. As Argentine family held enterprises seek foreign allies for their international ventures, they appear to have outgrown their traditional (domestic) advisors. This, paired with the fact that only 20% of family businesses have some sort of formal succession plan in place, should certainly resonate with the professional advisory community.