MacAndrews & Forbes
MacAndrews & Forbes Incorporated owns and operates a diverse array of businesses across various industries, focusing on strong market positions and growth potential. The company is wholly owned by Ronald O. Perelman and is involved in philanthropy through the Perelman Family Foundation.
Services
MacAndrews & Forbes Incorporated is dedicated to building, running, and growing businesses across a diverse range of industries. Its core strategy revolves around establishing strong market positions, high-quality management with vertical expertise, and recognized growth potential. The company focuses on increasing productivity within its portfolio businesses, ensuring they are well-positioned in their respective markets.
Portfolio Companies
MacAndrews & Forbes' diverse portfolio includes a range of companies across several industries. Notable companies include Vericast, which offers innovative marketing solutions and is headquartered in San Antonio, TX; vTv Therapeutics LLC, a clinical-stage biotechnology company listed on NASDAQ under the symbol VTVT, headquartered in High Point, NC; and SIGA Technologies, a commercial-stage pharmaceutical company listed on OTC under the symbol SIGA, headquartered in New York, NY.
Industry Involvement
MacAndrews & Forbes spans a wide range of industries including cosmetics, biotechnology, and military equipment. The company has invested in sectors such as beauty, entertainment, gaming, government, retail, grocery, biotech, banking, advertising, and consumer packaged goods. Since its inception in 1979, the company has been involved in over 50 transactions, showcasing its commitment to multi-industry investment and growth.
Philanthropic Efforts
MacAndrews & Forbes is actively engaged in philanthropy through the Perelman Family Foundation. The foundation focuses on women's health, education, and the arts. Notable philanthropic endeavors include the Ronald O. Perelman Center for Emergency Services at NYU Langone Medical Center, which opened in April 2014, the Ronald O. Perelman Heart Institute at New York Presbyterian Hospital, and the Ronald O. Perelman and Claudia Cohen Center for Reproductive Medicine at Weill Cornell Medical Center.
Ownership
MacAndrews & Forbes is wholly owned by Ronald O. Perelman. Perelman has steered the company towards significant investments and philanthropic contributions, particularly in healthcare and education sectors. His ownership and leadership have played a pivotal role in the company's strategic direction and growth.