SWEDEN - SVCA releases 2007 Swedish portfolio companies' statistics
The Swedish Venture Capital Association has released annual statistics on Swedish venture capital and private equity backed portfolio companies’ performance. The research comprises 803 private equity and venture capital portfolio companies from 2001-2006. In total 117 Swedish and international firms with Swedish offices were involved in the study.
The most important findings were:
• Swedish venture and private equity-backed companies had a yearly increase in the number of employees of 10.6% and growth of turnover of 21.1%.
• Swedish venture and private equity-backed companies had total turnover of SEK 285bn in 2006, which corresponds to 10.7% of Swedish GDP.
• Swedish venture and private equity-backed companies employ 169,000 people in total.
• 93% of the portfolio companies have increased or maintained R&D levels under private equity ownership.
• 46% of the GPs' portfolio companies are based in the Nordics, 32% in the rest of Europe and 21% in North America.
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