Direct investments
Finnish Industry Investment's makes venture capital and buyout investments in growing and internationalising companies. Companies need capital for further product development, internationalisation, expanding operations, strengthening balance sheets, mergers and acquisitions and sectoral restructurings. FII invests together with private co-investors, for example with venture capital and private equity funds and pension companies. For international investors, FII is a local partner in Finland.
In 2012, FII made direct investments amounting to €22.3m. New investments focused on technology companies seeking international growth, buyouts and the mining cluster. FII made first-round investments in six companies totalling €14.2m and follow-on investments in 11 companies totalling €8.1m. FII exited fully from five portfolio companies and partially from three companies.
FII's subsidiary Start Fund I Ky made follow-on investments in five companies totalling €2.3m and exited from five companies.
| Direct investments in 2012 | ||
| COMPANY | SECTOR | M€ |
| Componenta Oyj | Business & industrial services | 2.4 |
| EMC Talotekniikka Oy | Construction industry | 0.5 |
| Eniram Oy | Energy & environment | 0.2 |
| European Batteries Oy | Energy & environment | 0.1 |
| Finnprotein Oy | Chemicals & materials | 0.2 |
| Holiday Club Resorts Oy | Consumer services | 0.5 |
| IonPhasE Oy | Chemicals & materials | 1.1 |
| Keliber Oy | Energy & environment | 1.5 |
| Lamor Corporation Ab | Energy & environment | 4.7 |
| Mendor Oy | Life Sciences | 0.4 |
| MetGen Oy | Chemicals & materials | 0.8 |
| Multi Touch Oy | Computers & consumer electronics | 0.5 |
| Nordic Mining ASA | Energy & environment | 0.2 |
| Northland Resources S.A. | Energy & environment | 2.0 |
| SkySQL Corporation Ab | Computers & consumer electronics | 1.0 |
| Sotkamo Silver AB | Energy & environment | 1.1 |
| Viavia Oy (StaffPoint Holding Oy) | Business & industrial services | 5.1 |
| Total | 22.35 | |
