Kvika

Kvika manages two other private equity funds, Auður I, which was founded in 2008, and Edda, which was founded in 2013. The management of these funds has been successful and yielded ample returns to investors. Auður I invested in eight companies, including, among others, TAL, Yggdrasil and Ölgerðin, but now only has holdings in two companies, Íslenska Gámafélagið and the Já information service. Edda has holdings in Íslandshótels and Securitas after it sold half of its stake in Domino's in Iceland to exclusive licence holders in Domino's in the UK earlier this year. The sale yielded an annual return of over 50% to Edda's investors. The asset management of Kvika is the backbone of the bank, but the bank operates on broad foundations and provides investors with comprehensive financial services on domestic and international markets. Total assets under the management at Kvika and its subsidiaries currently amount to ISK 280 billion.