19 February 2018

Record year for Almi Invest 2017

Almi Invest broke its exit record in 2017 by selling holdings in 68 companies, thereby bringing in a total of SEK 266 million – an increase of almost 60 percent over the previous year. At the same time Almi Invest invested a total of SEK 181 million, including SEK 87 million in 51 completely new portfolio companies.

Almi Invest set a new record for exit payments in 2017, which totaled SEK 266 (169) million. The figure is based on full and partial exits in 68 (63) portfolio companies.

 

The larger exit deals in 2017 included the sale of Limes Audio to Google, Donya Labs to Microsoft, Greenbyte to Belgian Korys and Atollic, which was sold to ST Microelectronics.

 

The average holding period for Almi Invest’s portfolio companies until exit is about 5 years, based on 2009-2017 exits.

 

The exit type that generated the largest exit payment in 2017 involved sales via the stock exchange, followed by industrial purchases:

 

  • 52% of exit payments from sales via the stock exchange
  • 34% of exit payments through industrial acquisitions
  • 11% of exit payments from financial buyers
  • 3% of exit payments from existing owners

“It is rewarding that our portfolio has matured to a level at which our companies are now of interest to Swedish and international buyers,” says Mikael Karlsson, CEO of Almi Invest. “Our role is to invest in early phases and as the companies develop, to hand over the baton to private investors.”

 

The rate of new investments also increased in 2017 compared with 2016. Almi Invest invested a total of SEK 181 (172) million kronor, of which SEK 87 (76) million went to 51 (44) new companies.

 

The largest number of investments during the year, 45 percent, went to ICT companies, and the second largest industry was life science, with 23 percent of investments.

 

“We can look back at a highly successful year, in terms of both earnings and investments,” says Mikael Karlsson. “As a result of the large number of exits during the year we received capital that we can now invest in new promising Swedish startups.”