Dáil Éireann Debate, Tuesday - 21 March 2023
139. Deputy Louise O'Reilly asked the Minister for Enterprise, Trade and Employment the number of Enterprise Ireland client companies that have been sold, acquired or merged in the past five years; the total amount that was invested in these companies by Enterprise Ireland and the return on these investments to Enterprise Ireland, broken down by company or name redacted if this compromises GDRP law, in tabular form. [13019/23]
View answerOver the last five years there have been 132 trade sales of Enterprise Ireland Client companies where Enterprise Ireland has held a shareholding investment.
The sale of these companies generates a return to Enterprise Ireland on an annual basis. Over the last five years the income generated by Enterprise Ireland through these 132 trade sales has been €153.2 million.
The original cost to Enterprise Ireland of investing in these 132 companies was €51.9 million, there was therefore a surplus made from trade sale share income in the past five years of €101.2 million by Enterprise Ireland.
The names of individual companies concerned cannot be shared due to commercial sensitivity of the information.
|
Year End 2018 |
Year End 2019 |
Year End 2020 |
Year End 2021 |
Year End 2022 |
Total |
|
|
Number of Trade Sales |
16 |
30 |
30 |
37 |
19 |
132 |
|
Upfront Share Sale Income from trade sales (Escrow not included) |
12,007,000 |
49,309,107 |
28,817,684 |
39,782,855 |
23,234,452 |
153,151,098 |
|
Original Cost to EI |
6,870,000 |
12,660,215 |
10,638,670 |
14,873,753 |
6,876,000 |
51,918,638 |
|
Surplus on Trade Sales Share Income only |
5,137,000 |
36,648,892 |
18,179,014 |
24,909,102 |
16,358,452 |
101,232,460 |
