According to accounts filed in Luxembourg, the book value of Steflot S.a r.l., the family's main wealth vehicle, rose sixfold in 2024 to '1.37bn. The entity held assets worth nearly '2.2bn at the end of the year and generated profits of '202m. The surge followed the sale of some shares in a CVC buyout fund to public investors, coinciding with the IPO of a Jersey-based CVC entity in Amsterdam. Van Rappard did not sell any of his personal 6.7% stake in CVC, which was valued at about $1.2bn based on the IPO price. Founded in 2003, Steflot operates as a Luxembourg SPF structure, a regime designed to attract family offices through tax exemptions on income, capital gains, and dividends. Luxembourg has increasingly positioned itself as a hub for private equity-linked family wealth, benefiting from the growth and liquidity events of Europe's largest buyout firms. Subscribe to our Newsletter to increase your edge. Don't worry about the news anymore, through our newsletter you'll receive...
learn more
