The past year has been memorable for IK on several levels. We closed two funds, our first our first small cap fund, IK Small Cap I, and our eighth mid cap fund, IK VIII. In the process, we raised more than €2bn. We also completed several exciting new investments, including six for the small cap fund and our first transaction for the IK VIII Fund.
Heritage has always played an important role in the IK culture. Our Nordic roots, our focuson small and medium-sized enterprises (SMEs) and our belief in genuine value creation have been central to the IK philosophy since we were founded. Alongside heritage, however, we are constantly striving to expand and develop IK for the benefit of all our stakeholders.
The past few months have been extremely active for IK. We have taken advantage of the receptive exit environment to make four rewarding divestments but we have also made three exciting investments, each in sectors where we have many years’ experience and knowledge.
These are exciting times at IK. Activity levels are high, we have a strong pipeline of transactions and there is a feeling of optimism across our business. In recent months, we have made several great investments and crystallised two rewarding exits, while our portfolio companies continue to make good progress.
Over the past few months, we have made three new investments, completed a successful exit and closed our latest Fund, IK VII.
Welcome to the summer 2013 edition of IK News. As a firm dedicated to delivering genuine growth in our portfolio companies, buy and build is a fundamental part of our strategy. Over the past two years, therefore, IK-backed businesses have made more than 30 acquisitions, expanding their product base or geographic footprint in the process.
Welcome to the winter 2012 edition of IKNews. This is special issue because it includes the results of a survey carried out among the CEOs of our portfolio companies.
Welcome to the latest edition of IK News,a feature packed summer 2012 edition. In thisissue,we focus our attention on our investment inAttendo, our Nordic provider of social and healthcare, interview the CEO of Snacks International,and bring good news from Uganda where IKAREcontinuesto support the SOS project aiming tostamp out sleeping sickness.