Front Ventures has divested its holding in Intergiro for €8.1 million, acquiring shares in Citigiro Holding while shifting its investment strategy towards the Defence and fintech sectors.

Target Information

Front Ventures has sold its holding in Intergiro during the first half of 2025, receiving shares in the newly formed investor consortium Citigiro Holding in return. The transaction involved the transfer of a total of 8,099,352 shares for €8.1 million, marking a strategic shift as Front Ventures positions itself as a stakeholder in Citigiro, which holds over 10% voting rights in Intergiro. The sale comes in the wake of significant challenges for Front Ventures, including the bankruptcy of its portfolio company Powrs, leading to a write-down of approximately 5.1 million SEK.

The net revenue for the first half of the year totaled 3.9 million SEK, showing a stark decrease from previous performance metrics, while the earnings per share reflect a downturn at -0.03 SEK. Major events include the acquisition of shares by board members and the decision to expand their commitment to the Defence industry, illustrating a shift in investment strategy.

Industry Overview

Sweden's Defence sector is experiencing a structural transformation driven by escalating geopolitical tensions in Europe. The ongoing investment trends reveal a significant rise in funding aimed at enhancing military capabilities and technological advancements.