The commercialisation firm recovered from an $18.2m loss in 2016 by acquiring Touchstone Innovations, and opening a division focused on Australia and New Zealand.
UK-based commercialisation firm IP Group generated an annual profit of £53.4m ($72m) in 2017 to recover from an $18.2m loss the previous year.
IP Group’s portfolio value rose to $1.5bn over the period, up from $757m in 2016, as the firm absorbed $475m from the books of Touchstone Innovations, which it acquired for approximately $641m in November 2017.
The firm realised portfolio gains of $127m in 2017, up from $8m the year before, while putting up $96.1m in funding…
