Debt Aversion from Farming Roots

"But in the beginning, money mattered to Melker Schörling. He did not inherit a fortune but built it himself. Today, he manages the capital and invests the money where it yields the greatest return in the long term. During his upbringing in a farming family in the small community of Götlunda with three hundred twenty inhabitants, in the municipality of Arboga outside Örebro, he learned that it required effort to make money in small business and that bank loans and repayments could give a sense of lack of freedom. His father lay awake at night pondering how to make the money stretch to cover the loan repayments for the agricultural machinery."

"The growth in companies is expected to occur through organic growth, establishment in new geographic markets, and investments in new products. For most holdings, acquisitions are also part of the growth strategy. It is also important to tightly control costs and maintain low debt levels."

"Frederik Paulsen represents the foundation that owns Ferring. The company is essentially debt-free. Over the years, he has also initiated, spun off, and developed several other enterprises, including a diagnostics company, another for the manufacture of peptide hormones, and an offshore company. As the sole owner of these companies, the foundation has been able to receive significant dividends from Ferring and the other companies over the years. In this way, the capital in the foundation grows. The companies are controlled through various holding companies, and this structure limits tax costs at all stages. Frederik Paulsen is also involved in several projects requiring investments, including two vineyards in Georgia, which is said to be the cradle of wine, and a publishing company."