Audacia, an entrepreneurial private equity house, presents its 2023 half-year results in progress:
– The turnover at €4.2 million shows a slight growth of 9% compared to that of H1 2022 restated1 with a contribution from the New Funds of 42% compared to 39%.
– Operating profit stood at €0.7 million, showing an operating margin of 15.8%, up 3.8 pts.
– Net profit at €0.5 million increased by 17%, achieving net profitability of 12.2% over the half-year.
A semester of transition for the New Funds and strong resilience for the historic Funds.
The Audacia Group’s turnover stands at €4.2 million, down €0.8 million in published data but up €0.4 million compared to restated H1 2022 turnover, excluding the commission of exceptional and non-recurring management paid in 2022 for 2021 for Quantonation 1.
The activity of the New Funds was notably driven by the success of the placement of the Recovery Bonds, the sale of the stake in the Hôtel Damantin, generating an IRR of 33% and some equity investments or subscriptions to capital increases for Quantonation Ventures and Geodesic Expansion. In the absence of major fundraising over the period, the turnover of the New Funds stands at €1.7 million, an increase of 13% compared to the restated H1 2022 turnover1.