Louise O'Reilly (Dublin Fingal, Sinn Fein)
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139. To ask 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]

Neale Richmond (Dublin Rathdown, Fine Gael)
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Over 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.

Louise O'Reilly (Dublin Fingal, Sinn Fein)
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140. To ask the Minister for Enterprise, Trade and Employment the amount invested in venture capital funds and other investment funds by Enterprise Ireland in the past ten years broken down by fund and the return on these investments to Enterprise Ireland. [13020/23]

Neale Richmond (Dublin Rathdown, Fine Gael)
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Over the past ten years, the Irish Government, through Enterprise Ireland, has invested €479 million into 32 venture capital funds to stimulate job creation and support the funding requirements of early-stage innovative Irish companies with global ambitions. To date €361 million of this investment has been drawn down from Enterprise Ireland.

On an annual basis these investments provide a return on investment to Enterprise Ireland. Over the last ten years, up to 31 December 2022, the amount that has been repaid to Enterprise Ireland amounted to €304 million.

As of 31^stDecember 2022, the residual estimated value of investment assets was €306m*.

Table 1 Summary of Venture Fund Activity

*Y/e 2022 Audited Accounts not finalised so Residual Values are estimates

Table 2 Enterprise Ireland’s Allocation to Venture Funds broken down over the past 10 years.

* Fund life for VC funds are 10+ years, which results in funds being drawn down over the course of this timescale.