Luc Tack: is there a family office?

Family holding, selected shareholdings and investments through family office Begoos

This article directly stems from the research process for our European single family office database. Our list of the 700 largest family offices in Europe includes the most important family investment vehicles that invest in various areas, such as financial markets, real estate, venture capital, private equity, and renewables.

Luc is a Belgian entrepreneur, as of September 2022 Tack has an estimated net worth of $1.2bn. Tack is managing director of textile machine manufacturer Picanol, with whom he owns over 90% of the company. As well as Picanol, Tack is also CEO of chemical company Tessenderlo Group which reported over $2bn in revenue in 2019. In 2015, Tack was named manager of the year by business magazine Trends with thanks to his work on Picanol and Tessenderlo. In this article, we will investigate if there is a Tack family office.

Family holding, selected shareholdings, and investments through family office Begoos

 The Tack family office operates through Begoos which is a logistics and water treatment company focused on industrial processes, tack containers, and transport of chemical and food products. In 2021, Begoos acquired a stake in European crane giants, Sarens and Tack will take an active role in the Board of Directors. Through textile machine manufacturing company Picanol, Tack acquired a 10% interest in Rieter, a Swiss short-staple fibre manufacturer. However, Tack was removed from the board of directors due to legal proceedings against him which implicated Tack and fellow direct Haspeslagh had violated their duty of confidentiality.

Picture source: Janko Ferlic

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