We are a holding company established in 1996 and located in Oslo. Our philosophy is taking active ownership in businesses for long-term investments for long-term returns – by either buying controlling stakes or co-invest with partners. We cultivate and grow companies focusing on reconstruction and distressed sales and turnaround expertise. Invex Group operates across markets with businesses represented directly in Norway, Sweden, Denmark, Finland & United Kingdom.

Background and facts

Background
  • Invex Group AS was established as a holding company for Gudleiv Bjørklund in 1996
  • 100 TNOK was invested
  • Operates across markets, businesses represented directly in Norway, Sweden, Denmark, Finland & United Kingdom
Investment philosophy
  • Buying stakes in companies for long term investments and focused on long-term return
  • We buy businesses we can cultivate and grow with focus on reconstruction and distressed sales
Turnaround expertise
  • We either buy controlling stakes or co-invest with partners for control
  • No fixed investment criteria
  • Infrastructure and/or turnaround is our main focus area
Financials
  • Book value is around NOKM 250
  • Adjusted value is around NOKM 650
  • Group net cash position NOKM 160
  • Invex Group AS has no interest bearing bank debt on a holding level
  • Low leverage in all companies, real-estate 52%
  • Insignifiicant inter-company guarantees
  • Apr. NOKM 250+ in non real estate investments
  • Apr. NOKM 250+ net real-estate value
  • Apr. NOKM 160+ cash
  • Apr. NOKM 1.000 balance sheet consolidated
  • Invex Group Balance:

Organization

Investments
Management

2019 Q4 Agenda for group companies

2B
  • New offices
  • Business plan review
  • Reach 10% EBITDA by YE 2019
  • Long term business plan
  • Reach NOKM 10 in net cash 31.12.19 and debt free
  • Hallgruppen stake incl.
DAO
  • Find new engine-type
  • New CEO
  • Demerge property
  • Bank refinance
  • Work on M&A
  • Bid for RUAG Germany
Gym Gruppen
  • Reach profitability
  • New business & marketing plan
  • Include Ullern Trening in group
  • Plan for one new-build in 2020
  • Group website
Property
  • Menu building-project completed
  • Bestum development ready
  • Plan for updates and new building in Denmark
Finsveen
  • Restructuring completed
  • New identity and website
  • Dispose building
Optimisa
  • KAE follow-up with new biz planGeo-expansion
Kravia
  • Control
  • Development platform
  • IT ready for new leap
  • Refinancing
  • New organizational plan with focus on silos in Bergen and Trondheim, rep. in Oslo & Trondheim
Soliditet
  • Integration as one team
  • Build a new biz plan
  • Reach 100m revenues and 15%
  • EBITDA in 2021
  • M&A
  • New profile and websites
  • Update offices