About Invalda

What is Invalda AB?

Invalda AB is one of the major Lithuanian investment companies whose primary objective is to steadily increase the investor equity value. For the purpose of attainment of this objective Invalda actively manages its investments, exercising control or significant influence over target businesses.

Invalda started the activity in 1991. Its equities have been traded on the NASDAQ OMX Vilnius Exchange since 1995.

Currently, major part of Invalda Group assets is concentrated in Poland and Lithuania, and key entities operate in the rail and road infrastructure, furniture manufacturing, real estate, facility management, and information technology (IT) infrastructure sectors.

In respect of each business Invalda defines its performance objectives, sets up the management team, participates in the development of the business strategy and monitors its implementation. We play an active role in passing decisions on strategic and other important issues that have an effect upon the value of the Group company.

The gross turnover for 2010 of the entities controlled by Invalda AB or associated to it accounted for EUR 0.55 bn (LTL 1.9 bn), such entities in total employing more than 5,000 persons.

Since its incorporation Invalda has executed several tens of entity acquisition, sale and capital attraction transactions, the total value whereof would reach approximately EUR 1 bn (LTL 3.45 bn).

Investment philosophy

We are investors driven by shareholder value creation objectives. We seek to acquire competitive businesses that, with an influx of additional capital or management resources, may successfully further develop organically, consolidate fragmented markets or provide other possibilities to increase value. We also invest into undervalued assets that, when restructured, may facilitate significant value increase. We never avoid any complex business opportunities supported by our belief that our efforts will lead to good results.

We believe that a merge of different competences may potentially appreciate the investment value therefore quite often we execute transactions in cooperation with our partners, among them people with ideas, also major Lithuanian business groups, as well as foreign investment funds.

With a view to maximising the investment potential to its full scale we normally pursue long-term prospects and do not seek to define any clear-cut withdrawal horizons. We focus our efforts to maximise the investment value in the long-term perspective, and offer business for sale only when they are properly prepared and become attractive to potential buyers, or having received any proposal matching the corporate future prospects.

Management principles

Invalda is proactively managing its investment guided by the following principles:

Competitiveness and independence. Each business of the Group must be competitive and self-sufficient, have professional teams and top managers capable of creating business visions and implementing ambitious objectives;
Risk segregation. Invalda does not grant guarantees or assume any obligations in respect of individual businesses, and individual businesses do not assume any obligations in respect of each other.
Diversification. We diversify our investment in order to avoid any excessive risk concentration in homogeneous business sectors.
Transparency. We disclose information in adherence to the requirement that market participants must get equivalent information at the same time, except such cases where the publication of the information in not possible in view of obligations assumed in respect of third parties, and/or the disclosure may adversely affect the Group’s or business ability to compete.
Avoidance of conflicts of interest. Managers of the Group companies do not participate in the activities’ of their competitors.