The road to succession

PricewaterhouseCoopers' 2007/2008 global family business survey shows intriguing results; one issue of particular interest is leadership succession in family-owned businesses. According to the results, half the respondents anticipated that their business would remain under family control during the next succession change, with only 14% expecting their businesses to be taken over by private equity, closely followed by those who believed their company would be acquired by trade buyers. These figures vary slightly for Europe, showing a small preference for trade sales