BayBG's annual financial statements report a record number of new investments for the 2017/18 fiscal year. The investor invested a total of €52.3 million in 75 companies. The company's total investment portfolio amounts to €307 million.
The BayBG (Bayerische Beteiligungsgesellschaft mbH) invested more than €52 million in new investments in the past fiscal year, more than ever before. The investor focuses on financing expansion projects for medium-sized companies, for example, when they expand their capacities, launch new products, or enter foreign markets. The financier was able to nearly double its new investments to a volume of €31 million compared to the previous year.
“BayBG looks back on a successful financial year,”
summarized Peter Pauli, spokesman for the BayBG management, summarized the result.
BayBG annual report shows: Startups benefit
But young tech companies are also benefiting: The positive development of the Investments in startupsFollowing new investments totaling €10 million, BayBG's portfolio of investments in this area now stands at nearly €50 million. BayBG now has over 30 startups in its venture capital portfolio.
In addition to new investments, successful exits shaped the financial year. For example, the cloud telephony specialist NFON AG, which has accompanied BayBG since 2008, went public in May 2018Overall, BayBG reported a net profit of €4.4 million in its annual financial statements (previous year: €6.1 million). The nearly 500 BayBG shareholdings employ approximately 50,000 people and generate revenues of more than €10 billion.
Future: Increased participation in startups with digital business models
According to BayBG, the first months of the new fiscal year have also developed well. The investor expects new investments of around €47 million for the current year, according to Pauli. In the future, the company will increasingly focus on companies implementing digitalization measures. According to the BayBG spokesperson, this applies both to the financing of established medium-sized companies implementing digital technologies and investments in startups with digital business models.
