Finnish Industry Investment in 2014 – Boosting international growth
Finnish Industry Investment made new investments in 2014 amounting to slightly less than €83m. New investment commitments, totalling €42m, were made to seven venture capital and private equity funds and new direct investments, totalling €40m, were paid out during the year. Income from private equity and venture capital investments was booked as €21.6m. However, the reductions in the valuations of investments, as well as the exit losses and sales losses resulting from exits entered in the accounts, pushed the result for the financial year into a loss of €43.2m. The largest individual loss, €14.8m, was Finnprotein Oy’s bankruptcy.