Adnan Hadziefendic

Here on twitter to learn, gain insights and share knowledge about the best serial acquirers / M&A-compounders that are led by outstanding capital allocators. No recommendations provided.

REQ Half Year Report 2025. Some exciting news in there that we are glad to share with you. Happy reading and we wish you a enjoyable summer. req.no/wp-content/upl… #Marketingcommunication @oddbjorndybvad @europescuttle

REQ team out with their H1 2025 report. Always a great read & full of insight on serial acquirers. $CSU $TOI $ROKO $LIFCO $ATCOA $INDU "Out of the best 30 stocks in the Nordics over the last 20 yrs - acquisition driven compounders constitute 13 names = 43%" Book incoming 👏

Great fireside Q&A with Björn Rosengren (former CEO) about ABB and insights from the decentralization journey and his lessons from Atlas Copco. Worth a listen. youtu.be/NcLyoIIj6-Y?si… Discl. we don’t hold any shares in ABB.

Charlie Munger on Berkshire Hathaway's culture.

💡REQ + @avanzabank ! Nu finns våra två fonder äntligen hos Avanza. Ett stort tack till alla de investerare som på eget bevåg hjälpt till att höra av sig och efterfråga våra fonder på plattformen. #MarketingCommunication

Tack @wiker_elin för inbjudan till att ge vår syn på kommande IPOn i Röko då vi är med som corners. Och tack till @Blomgrenen för en bra dialog. efn.se/play/en-riktig…

Nu även på Bluesky: bsky.app/profile/adnani…

Investors often face a tough decision: invest in a small acquisition-driven compounder with high growth potential at a seemingly cheap valuation - or a proven model firing on all cylinders? Read more on our thoughts: req.no/wp-content/upl…

In the podcast I assumed organic growth to be around LSD for Dental and low/mid-teens for D&T. Lifco now for the first time disclosed the organic EBITA per BA. Dental/D&T are in line (24’ weak for D&T), but SS contributing strongly with a strong 12% org EBITA CAGR since IPO.

I just sent out my research on $MMGR, the greenest branch on the Bergman & Beving tree. The core of the thesis is: Long-term growth: 15% P.A. (as a floor tbh) Great returns (25-30%) Management with a 10/10 track record Counter-cyclical (19.8% cagr through the GFC)

Atlas Copco has a remarkable history of accretive acquisitions with over 300 acquisitions over the last almost 40 years - and over SEK 110bn ($ 11bn) deployed. $ATCO

For anyone interested, our Investment Letter 2024 contains a longer write-up of the unique culture and value creation philosophy for the Swedish acquisition-driven compounder Momentum Group $MMGR.

📜REQ Investment Letter 2024. req.no/wp-content/upl…

Today, our full year 2024 investment letter is out for all of you interested in Acquisition-driven Compounders. Hope you enjoy it! req.no/wp-content/upl…

Happy New Year to all my followers. 📝 We have now opened up for the possibility to subscribe to our news. Make sure to sign up to at req.no to get the latest publications from us directly in your mailbox. #Marketingcommunication

On March 17th and 18th 2025 we @redeye_ host our annual serial acquirers conference. This time with more than 25 companies presenting over two days and with the opportunity to schedule 1-1s.

📺 Hade äran att göra premiär i rutan idag som gäst hos @EFNTV med @wiker_elin. Missa inte chansen att lyssna på mig prata om favorittemat acquisition-driven compounders och hur de skapar långsiktigt aktieägarvärde. efn.se/play/borslunch… #MarketingCommunication

A simple but powerful model based on trust, honesty and integrity. “Munger describes the Berkshire Hathaway system as "delegation just short of abdication."”

Läsvärt blogginlägg om hur decentraliserade strukturer skapar långsiktigt aktieägarvärde. Här med exempel / citat från Brown & Brown som utgångspunkt.