317 million investment, 503 investment partners – BayBG presents its 2016/17 annual results in a press conference. The venture capital sector developed particularly dynamically during this period.
In total, BayBG is involved with 503 (previous year: 398) companies with a volume of EUR 317.4 million (previous year: EUR 316.7 million), which have around 50,000 employees and generate annual sales of more than EUR 10 billion.
“With new investments of 38.1 million euros in 86 companies, we once again provided impetus for growth and SMEs last year,”
summarizes Sonnfried Weber, Spokesman of the Management of BayBG Bayerische Beteiligungsgesellschaft at the presentation of the 2016/17 annual financial statements.
Financing of digitalization projects
Weber continued that the demand for equity capital for the implementation of digitalization projects is becoming increasingly important. The BayBG CEO explained that the unbroken demand for BayBG investments, despite a wide range of other financing options, is due to the fact that these investments clearly differentiate themselves from other financial products:
“We offer small and medium-sized businesses additional equity capital that represents long-term, reliable, and crisis-independent financing.”
Dynamic venture capital sector
The venture capital sector, through which BayBG invests in young technology companies, is developing particularly dynamically. With several new investments, the portfolio in this area has further increased to €45 million, invested in around 30 companies.
BayBG’s net profit for 2016/17 amounts to EUR 6.1 million (previous year: EUR 12.7 million).
“This decline compared to the previous year is solely due to the fact that the volume of volatile exits no longer reached the very high level of the previous year,”
summarizes Weber.
BayBG is also optimistic about the current 2017/18 fiscal year, following several investments already completed. Weber concludes:
“With economic and financial conditions remaining largely unchanged, we again expect new business of around EUR 40 million.”
