Procuritas MBO Investment Consortium
Procuritas MBO Investment Consortium (PMIC) was established in June 1990, with a committed capital of SEK 254 million. The fund participated in seven Scandinavian buyouts, which have generated a combined gross annual return (gross IRR) in excess of 100 per cent. The exit value of the investments exceeded 7 times the invested capital. The GP held 12.5% of the fund.
PMIC invested in seven buyouts from 1991 to 1995. The companies were fully or partially divested between 1993 and 2004.
|
Portfolio company |
Business |
Seller |
Holding period |
Buyer |
|---|---|---|---|---|
Blood diagnostics |
Pharmacia |
1991-1996 |
Instrumentation Labratory |
|
Light source products |
KF |
1991-1998 |
DuroLite |
|
Health food wholesaler |
Receivership |
1993-1995 |
IPO (merged with LIC) |
|
Medical products |
Axel Johnsson |
1993-1997 |
IPO |
|
Travel Agency |
Private |
1993-1997 |
IPO |
|
Tire services |
NCC |
1993-2004 |
Goodyear |
|
Road site restaurants |
Scandic Hotels |
1995-1998 |
Carestel |