3i closes early-stage Venture Capital

Last week it was officially announced that 3i leaves early stage venture capital and limits its technology investments to high ticket late stage investments as part of the growth capital activity. By closing the VC activity, 3i abandons an activity which is characterised by cyclical returns and it will focus more on the buy-out activities in which substantial amounts of money can be deployed. Returns in the buy-out segment were significant over the last few years given the benign credit market, increasing multiples and a growing economy.
 
Given its investment experience over the last 28 years Gimv is aware of the cyclicality of the different asset classes and therefore prefers a sustained exposure in each of its segments. Gimv ICT has proven to be a substantial profit contributor for Gimv, even during the difficult technology years. Furthermore, the withdrawal of venture capital players in Europe might create opportunities for the remaining ones, especially for those who have the means to take advantage of this consolidating market. Indeed, Gimv continuous to allocate the required capital towards venture capital. Moreover Gimv intends to further grow the ICT team in order to strengthen its position as a truly pan-european player.
 
The GIMV ICT Team