Penta Investments, the Central European investment group, has announced its audited financial results for the year 2013. The Group´s aggregated asset value increased to EUR 6.5 billion, while under Fair Value accounting its net profit in 2013 amounted to EUR 100 million. The net asset value (NAV) increased to EUR 1.564 billion.
In 2013, the Group invested more than EUR 200 million in new projects and expansions as well to modernising and developing of the existing portfolio companies. The largest investment went to support for healthcare projects, Aero Vodochody and EM&F.
In 2013, Penta began and partially closed 5 transactions and projects: 3 new acquisitions, 1 new real estate project and 1 exit. The healthcare sector represents the largest share in Penta’s portfolio (37%).
Penta’s portfolio companies currently provide more than 30,000 jobs, more than 600 of which were newly-created in 2013. The Group’s investment strategy is focused on building platforms and companies with annual EBITDA of EUR 50 million and above. The main emphasis is being put on active development of existing industries, mainly healthcare, retail, manufacturing and financial services in the Czech Republic, Slovakia, Poland and Germany. In the real estate business, Penta continues to focus on administrative, retail and residential projects.
“This year, we celebrate 20 years since Penta’s founding. We have made our way from quick transactions in the 90s, through a very intensive buy-outs period, followed by territorial expansion at the end of last decade. However, during last 2 years, we adopted the philosophy of a long-term value investor.
This is reflected in our very determined effort to adapt our portfolio companies to what has become known as the “new real” after the crises. The 2013 results provide very good ground for our investment strategy, which is focused on achieving best-in-class performance within our portfolio and projects,” said Jaroslav Haščák, Penta’s Managing Partner.
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