BayBG presents its annual results for 2014/2015: The Munich-based investment company increased its new business by 11 percent to €46.2 million. Its investment portfolio increased to €317 million.
The company is particularly pleased with the development in the venture capital sector. BayBG invested in six startups, including an investment from 9.3 million euros in tado°.
“All in all, a far above-average vintage,”
Sonnfried Weber, spokesperson for the BayBG management, summarizes the results. Contrary to the trend in the finance and investment industry, the number of inquiries is steadily increasing. The BayBG CEO attributes this success, among other things, to the fact that the investment company, which specializes in medium-sized businesses, not only acts as a financier, but also "actively accompanies, supports, and advises its partners. The market recognizes this."
Thanks to several successful exits, BayBG was able to double its annual profit compared to the previous year: from €6.7 million to €13.7 million. The first months of the 2015/2016 fiscal year also developed satisfactorily, according to BayBG. BayBG therefore expects new business of approximately €42 million for the current year.
