The Fund has invested in 9 companies for approximately ISK 38,5 billion, which represents about 70% of the Fund’s ISK 54.4 billion in subscriptions.
The Iceland Enterprise Investment Fund has invested and acquired holdings in the following companies:
Advania EIF’s holding in Advania is currently 32%.
Icelandic Group EIF’s holding in Icelandic Group is 100%.
Invent Farma The Enterprise Investment Fund holds 38% stake in Invent Farma.
Promens In September 2011 the Iceland Enterprise Investment Fund completed its acquisition of a 49.5% share in Promens hf.
The Enterprise Investment Fund is expected to continue to invest in its first three years, after which the plan is to sell the companies held by the Fund within 4-7 years. The lifetime of the Fund is currently set at 10 years, although its time of operation can be extended twice, for one year each time.