Aug 15 2013
JCE Group AB, or the “JCE Group”, is a privately owned international and diversified investment company headquartered in Gothenburg, Sweden. Main owner is Jan Christer Ericsson. The JCE Group head office consists of a small team of only 10 to 15 people. In the bioenergy sector JCE is the owner of Bruks International supplier of wood handling and processing equipment and Green Circle, large american pellet producer
We use our experience, know-how and financial strength to develop our long-term core holdings into successful and profitable companies. We are open for new business and investment opportunities with the potential to create long-term values. Through diversification, we achieve risk reduction and security for our companies, owners and business partners.
The management team is made up of people with mainly financial and legal backgrounds, but also with significant operational experience. Furthermore, the team has own hands-on experience from both a wide variety of capital market transactions (such as acquisitions, divestments, IPOs and private placements) and from more operational issues (such as controlling, new business start-ups and the operating and reporting structures of large blue chip companies). Together, our combined experience gives us a good idea of how a successful company shall be managed, and allows us a broader perspective on investment opportunities and portfolio companies than just excel spreadsheets and powerpoint presentations.
Our investment philosophy, when it comes to strategic investments, can be summarized as follows:
Entrepreneurial approach to value creation
Long-term investment horizon – the business idea is to own and develop companies, not to buy and sell
Risk management through diversification on different sectors and regions
Please read more about our investment criteria and our investment process by clicking here, or about how we work with our portfolio companies after an investment has been made by clicking here.
The JCE Group’s investment portfolio is divided into Strategic investments and Financial investments.
All our long-term core holdings are classified as Strategic investments and can be divided into the following main business areas: Industrial, Logistics, Offshore, Renewables, and Technology.
For unlisted core holdings, our ambition is to be the largest shareholder in the company (normally >50%) and to be able to exercise active ownership. Our required return on investment is normally around 15-25%.
For listed core holdings, our ambition is to be the largest or one of the largest shareholders in the company and to be able to exercise active ownership. Our required return on investment is normally >10%.
Financial investments include various investments such as shares (both listed and unlisted), bonds, investment funds, alternative investments, discretionary managed funds, etc. Financial investments are mainly short-term, or otherwise regarded as non-strategic. Its main purpose is to serve as a liquidity buffer and to provide risk reduction through diversification. The JCE Group does not usually exercise active ownership with regards to financial investments.