Capital commitment to Investor Growth Capital
Press release
Stockholm, September 28, 2011
As previously announced, Investor Growth Capital is now an independent venture capital fund owned by Investor AB. In a press release issued today, Investor Growth Capital confirms that Investor AB will provide a total of SEK 1,887 m. to IGC (SEK 1.5 bn. in fresh capital contributions and proceeds from divestments made during the first half of 2011, as previously communicated), of which SEK 1,137 m. has been injected during the third quarter. The remaining SEK 750 m. will be contributed in January 2012.
According to the previously communicated new structure of Investor Growth Capital (as of July 1, 2011), 50 percent of exit proceeds (net of costs) is being distributed to Investor AB and the rest remains available to IGC as an ongoing source of capital to fund future investments.
The full press release from Investor Growth Capital can be accessed at www.investorgrowthcapital.com.
For further information:
Oscar Stege Unger, Head of Corporate Communications, Phone +46 8 614 2059, +46 70 624 2059
Magnus Dalhammar, Investor Relations Manager,Phone +46 8 614 2130, +46 735 24 2130
Our press releases can be accessed at www.investorab.com
Investor AB is a Nordic-based industrial holding company founded almost one hundred years ago by the Wallenberg family. Today we have investment activities in Europe, the United States and Asia. The business concept is to generate attractive long-term returns for our shareholders by owning and developing companies with solid potential for value creation. We are an engaged owner and apply experience, knowledge and a unique network to develop listed and unlisted companies to make them best-in-class.
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