The Norwegian Venture Capital & Private Equity Assosiation (NVCA) has published the Activity Survey for Private Equity, Venture Capital and Seed Funds in Norway, 1st Half 2008.
To download the survey, please click
here
Snapshot PE, VC and Seed in Norway 2008:
54 management companies administrating 110 funds
7 new funds established in H1 (08), raising about EUR 1,5bn
6 new funds were established in H1 (07), and 3 in H2 (07)
EUR 6,7bn in total capital under management
Up 1,5bn (+30%) from year end (07)
EUR 540 mill. in total investments in H1 (08)
Up 32% compared to H1 (07)
Approximately 10% of investments in other countries
Clear slowdown in the number of investments
43 initial investments and 42 follow–up investments in H1 (08)
Norwegian funds have invested in 607 portfolio companies
431 are Norwegian companies, 185 are foreign
Foreign funds alone have now investments in 35 Norwegian companies (EUR 92 mill)
The bulk of new companies are in Energy and Environment and Computer and Consumer Electronics
35 portfolio companies, which is about 40% of all companies reported, sort under these sectors
Energy and Environment received 55% of all investments in H12008
The buyout segment almost equal in size with venture, now representing nearly 40 percent of investments
For further information, please contact:
Knut T. Traaseth, Secretary General, Norsk Venturekapitalforening (NVCA), tel +47 911 32 400 ⁄ + 47 22 70 00 10
Dr. Leo A. Grünfeld, Partner, Menon Business Economics, tel + 47 411 05 133
