In the past financial year 2015/2016, the investment company BayBG increased the number of its investments to almost 500 with 94 new investments. The investment portfolio remains at 317 million euros.
The Bavarian investment company presented its annual results to journalists last Friday. Dr. Sonnfried Weber, spokesman for the management, put the high number of new investments in relation to the overall Bavarian investment market:
“This corresponds to more than 40 percent of all 200 new investments made by investment companies in Bavaria in 2016.”
The investment company’s 499 partner companies, including major players such as tado°, NavVis and THEVA, employ around 50,000 people and generate annual sales of almost 10 billion euros.
Investment company sees future in VC business
BayBG is also increasingly involved in venture capital. The company holds a total of €40.9 million in VC investments. Weber emphasized at the annual press conference:
“The venture capital business is our future.”
Through ten successful exits, BayBG generated an annual profit of €12.7 million. Around half of this amount came from the growing VC sector.
According to Weber, the first months of the current financial year have also developed satisfactorily. The company expects new contracts in the range of approximately €40 million this year.
