Mission and strategy — Scanventure

The philosophy is to support companies in a renewing process by adding experience, expertise and funding with special emphasis on companies that marketwise or valuewise is out of balance. The idea is to initiate and/or influence a positive development creating economic as well as social and environmental progress. By acting along these business principles, Scanventure is in line with an activist fund approach.

This may be privately held as well as publicly quoted companies:

0–15% in quoted companies having potential development or structural change og maybe potential for increasing the ownership
10–35% in privately held og quoted companies with potential for active influence directly or indirectly
51%- responsible ownership of privately held companies

The opportunities for renewal may arise when retiring or new ownership occurs, when divestment or industry restructuring is the challenge or when growth companies is facing setback. It may be financially sound companies with limited development perspectives or companies facing turn-around.

Scanventure have a preference on a long-term business perspective with a goal of positive return in terms of cash flow, dividends and growth. Attention is to ensure a sound investment portfolio through balancing low risk, low but stable return and higher risk, higher return investments. Scanventure strives at obtaining a sound mix of investments with stable cash generation, future potential and overall credit worthiness.

Divestment appears when it is likely that a new owner have a better potential for the company – a best owner thinking. Divestment may also appear if Scanventure finds new projects offering better prospects.

Scanventure aims at, within its business areas, to be an actor comparable to the best in class investment companies.

Scanventure seeks to ensure a continuing strategic and operational development, related to product- and market development, productivity, organic growth, industry consolidation and adaption to declining markets both competitively and earnings-wise. This may be refocussing the business toward a major shift or being an ongoing improvement:

Media/graphical/communication: Focus on market- and technology disruptions, opening opportunities for renewal or harvesting and consolidation. No emphasis on deep communication technologies
Education: Combining expertise in the research and education world with market and business economy. Considering both the old and the emerging countries
Energy: Sustainable energy technologies based on understanding the maturity of the various technologies, the specific political dynamics and the financial soundness
Environmental services: Combining knowledge of natural sciences, test and analysis with basic business disciplines and understanding of market dynamics
Financial institutions: Working with financial institutions, private equity funds to keep on top of contemporary financing tools and business management tools for own use and own benchmarking
Real estate: Together with energy production, real estate provides the low risk stable cash flow basis for Scanventure. These activities is also a legal instrument to smooth the balance between long term cash flow and tax obligations

Scanventures contribution is based on its experience in business management, business development, management development and finance.