Annual Report 2012

Active risk-taking

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Finnish Industry Investment's activities are based on market-driven fund investments and direct investments made together with private co-investors. By increasing the availability of risk financing and by activating private investors for risk-taking, we create prerequisites for growth and job creation.

CEO'S REVIEW

 

Investments and commitments total €719m

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In 2012, Finnish Industry Investment made new investments and commitments amounting to €57.1m. The result for the financial year was €7.3m. 

Key Figures, 2012

Industry Investment 2012

Key Events

Q1 / 2012
26.01.2012
Enterprise Finland Venture Forum
Enterprise Finland Venture Forum brings together the most promising Finnish technology companies with venture capitalists. There are 30 Finnish companies attending the event, in addition to 32 venture capitalists, of which 14 are foreign.
02.03.2012
Vision+ launches a new product investment fund
Vision+ Fund I focuses on applications, games and services on all digital platforms. Vision+ finances product development and commercialization through a unique revenue investment model without dilution of equity. Microsoft, Nokia, FoF Growth, Finnish Innovation Fund Sitra and Finnish Industry Investment are anchor investors in the fund.
27.03.2012
Significant minority investment in Lamor
Finnish Industry Investment Ltd and Etera make a minority investment in Lamor Corporation. This enables Lamor to invest in new business models and R&D.
17.02.2012
Finnish Industry Investment moves to new offices
The new vising address is Mannerheimintie 14 A, 9th floor, 00100 Helsinki.
20.03.2012
Lifeline Ventures establish a new EUR 20 million venture capital fund
Lifeline Ventures Fund I invests in health, games and technology companies aiming for international market leadership. Investors in the fund include Ilmarinen, FoF Growth, Sitra, Finnvera, Troll Ventures, Juuranto Invest and the founders.
Q2 / 2012
12.04.2012
RUSNANO invests in global leader Beneq
RUSNANO invests 25 million euros in Beneq, the Finnish pioneer and world-leader in industrial production and laboratory equipment for nano-scale thin films and functional coatings. Finnish Industry Investment has been an investor in Beneq since 2010.
15.05.2012
Finnish Industry Investment makes a commitment of EUR 7,5 million to Creandum III
Creandum III invests in early and later-stage technology companies in the Nordic countries. The fund raised 92,5 million euros from Nordic and international institutional investors at its first closing.
18.04.2012
SkySQL raises $4 million in Series A Round
Investments from Finnish Industry Investment Ltd., Spintop Ventures, Open Ocean Capital and OnCorps enable SkySQL to ramp up development for the enterprise and cloud.
14.06.2012
Finnish Industry Investment receives EUR 30 million for mining cluster investments
The 30 million euro capitalisation will promote the internationalisation of the mining cluster. It will strengthen Finnish ownership of mining companies in their early stages of development and other mining cluster players, while increasing the supply of available funding.
Q3 / 2012
02.07.2012
HR House Group Oy broadens its ownership
Finnish Industry Investment and Etera acquire a 40% holding in HR House Group Oy. HR House is a temporary staffing and recruitment service as well as an HRM software expert.
24.07.2012
Valmet Automotive to manufacture Mercedes Benz A-Class in Finland
Valmet Automotive will manufacture the new Mercedes-Benz A-Class to satisfy the expected high demand of the new vehicle. More than 100,000 A-Class vehicles are planned to be manufactured by Valmet Automotive in Uusikaupunki, Finland from 2013 to 2016. Finnish Industry Investment has been an investor in Valmet Automotive since 2010.
17.07.2012
Mining company Sotkamo Silver lists on the Helsinki Stock Exchange
The parallel listing of Sotkamo Silver on the Helsinki Stock Exchange provides Finnish investors with better opportunities to have holdings in the domestic mining industry. Finnish Industry Investment has been an investor in Sotkamo Silver since 2010.
26.09.2012
Equity financing of EUR 4 million for mining company Keliber
Keliber Oy has secured new equity financing of EUR 4 million for project development of its lithium project in Finland. The new capital will accelerate Keliber’s effort to become the first producer in Europe of high-purity lithium carbonate.
Q4 / 2012
05.11.2012
UK based TelecityGroup acquires Academica
Academica is a leading data centre and IT services operator in Finland. The company’s previous owners, e.g. Finnish Industry Investment and Etera sell their stake in the company.
20.12.2012
StaffPoint and HR House merge to become the leading HR service company in Finland
The new StaffPoint Group will provide services within human resources, recruitment, training and HR software.
18.12.2012
Royal Imtech N.V. acquires EMC Talotekniikka Oy
Vaaka Partners, Etera, Finnish Industry Investment and other shareholders have agreed to sell EMC Talotekniikka to Royal Imtech N.V. EMC Talotekniikka was created in 2007 through a merger of four medium-sized technical services providers with 12 subsequent add-on acquisitions strengthening the company’s geographical reach, competencies and service offering.

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