Naturally, Priveq’s investment provides a company with the requisite financial resources to increase growth. But Priveq brings so much more: by creating a shared agenda with other owners, Priveq can ensure the clear division of responsibilities between the owners, Board and management. Management should not be burdened by ownership issues, but must be able to concentrate on operations.
Priveq aims to prepare all its portfolio companies for the stock market. Even if a company never goes as far as an IPO, clearly defined management procedures create value in themselves. Accordingly, it is vital that Boards are supported by the necessary expertise, that reporting procedures are developed and Board activities are thoroughly professional. In its role as an active partner, Priveq puts itself at the management’s disposal.
Priveq offers advice in connection with corporate acquisitions and on financial issues, serves as a sounding-board for formulating short and long-term strategic plans and reviews business models. Priveq has extensive ownership experience of entrepreneur-led businesses and possesses a far-reaching network of committed industrial advisers built over two decades of successful investment.
Once a portfolio company has achieved certain pre-determined objectives, the natural step for Priveq is to exit through an IPO or trade sale. Priveq has guided 24 companies to the Stockholm Stock Exchange, including engineering designer Caran, IT services provider Connecta, home textile retail chain Hemtex, global packaging provider Nefab, document automation player ReadSoft and enclosure systems producer Segerström & Svensson.
Some portfolio companies have been passed on to new, strong owners. These include welding mask producer Hörnell, which was sold to 3M, cardiac surgery equipment producer Jostra, sold to Getinge, and travel agent Nyman & Schultz, sold to American Express.