The INVL Emerging Europe Bond Subfund managed by INVL Asset Management, one of Lithuania’s leading asset management companies, earned the highest honours at the 2019 Lipper Fund Awards from Refinitiv. It was recognised for the best risk adjusted performance over three- and five-years among funds classified as Bond Emerging Markets Europe and distributed in Germany. A total of 12 investment funds were assessed over the respective time periods in that classification.
For shareholders of the real estate investment company INVL Baltic Real Estate, a dividend payment for 2018 of EUR 0.13 per share is proposed. The total amount allocated to dividends would be EUR 1.71 million. The proposal will be presented at the company’s next general meeting of shareholders by the INVL Baltic Real Estate investment committee. It would mean a dividend yield of 5.1%, based on the price of the company’s shares today on the Nasdaq Vilnius exchange.
The real estate investment company INVL Baltic Real Estate’s consolidated net profit for 2018, according to preliminary unaudited data, was EUR 3.17 million and was 11.4% smaller than in 2017. The company’s consolidated equity at the end of last year was EUR 35.3 million, while equity per share was EUR 2.69 and increased 9.7% from a year earlier (also taking dividend payments into account).
INVL Technology, a company that invests in IT businesses, according to preliminary unaudited data, had equity of EUR 28.1 million at the end of 2018, or EUR 2.31 per share. Equity per share increased almost 18 per cent during the year.
INVL Baltic Farmland, a company that invests in agricultural land, had revenue of EUR 615 000 in 2018 and an audited net profit of EUR 1.113 million. Compared to 2017, the company’s revenue grew 7%, while its net profit increased 25.8%.
The INVL Baltic Sea Growth Fund, the largest private equity investment fund in the Baltics, completed the acquisition of a 70% stake in the InMedica health care clinics chain. The transaction, whose value is not being disclosed, was completed after the permission of the Competition Council was obtained and other contractual terms were fulfilled. The INVL Baltic Sea Growth Fund is managed by INVL Asset Management, one of Lithuania’s leading asset management companies.
NRD Cyber Security, a cybersecurity technology consulting, incident response and applied research company, has been nominated as International Telecommunication Union(ITU) Centre of Excellence (CoE) in European region for the 2019-22 cycle.
The INVL Baltic Sea Growth Fund, a private equity investment fund managed by the Invalda INVL subsidiary INVL Asset Management, is buying a controlling equity stake in the metalworking and industrial construction company Montuotojas AB.
INVL Asset Management, one of Lithuania’s leading asset management companies, completed a first closing of the INVL Baltic Sea Growth Fund, a closed-end private equity fund intended for professional investors, at EUR 106 million. The INVL Baltic Sea Growth Fund became the largest private equity investment fund in the Baltic countries.
The Mundus asset management company has launched a new Mundus Mezzanine I closed-end mutual fund intended for informed investors. This mezzanine fund began operating on 4 February, after the Bank of Lithuania approved its rules.