The year 2022
at a glance

€2182.9m

Net Asset Value as of December 2022


2.3%

Shareholder Return in 2022

Resilient
Portfolio


Out-performance
of benchmark index

Historic cash position at
€451m

Continued exit activity in 2022 generating proceeds above NAV showing prudent valuation approach


Investments funds

10.6%

i.e. strong performance,
therein 60% translating into cash

€134.6m

Cash proceeds in 2022

€88.4m

New investments

€78.9m

New commitments,
therein 83% outside Europe


Direct investments

+1.4%

i.e. positive performance in a meager year for private equity

Portfolio streamlining
continues, but sustained
investment activity


€161m investments

+ reinforcement
in 2 existing lines


€214.7m divestments

+4 other exits
closed in 2022


Prudent portfolio valuation at
9.9x EBITDA

(vs 10.3x in 2021)

2.5%

EBITDA growth in 2022

8

Portfolio companies
growing through acquisitions
in 2022

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