Invest-IQ

Hungarian VC fund company DBH, the investment partner of the JEREMIE Program since 2009, has made an investment of HUF 200 mln into healthcare service provider, Indiso. The Debrecen-based company provides medical services in the form of Speleotherapy, using natural salt (NaCl) to treat respiratory diseases caused by a variety of environmental and personal, social conditions [...]

After reviewing Antavo during the Seedcamp event in Tel Aviv on March 29, the early-stage mentoring and investment program has invested into the online marketing applications company that is based in Hungary.  Of the seven members of Antavo, three of them have already set up operations in London with the hope of finding partners to [...]

Portfolion, the VC  arm of OTP Hungary, invested USD 1.6 mln into the Hungarian fashion brand Nanushka. The VC firm is ready to lend a USD 1 mln loan to cover further expenses occurring while Nanushka carries out its new marketing strategy. Portfolion has already appointed a new management team which will focus on production and international distribution. [...]

Est Media  Hungarian listed media corporation, has attracted a whopping HUF 1 bln investment, over the next three years, from Swiss investor group Global Emerging Markets Limited (GEM). They will also be authorized to subscribe, over the next three years, to three million shares at a price of HUF 280 per share. The contract was [...]

Sberbank, Russia’s largest commercial banking institution, has now completed its acquisition of Volksbank International. The purchase agreement was signed in September 2011, and covers Volksbank’s subsidiaries in eight countries, and excludes the unit in Romania, the final agreed price being fixed at EUR 505 mln. Sberbank’s objective is to be the top retail bank in [...]

Docler Investments Kft., the investment arm of the Docler Group, announced the acquisition of a majority stake of 51.05 percent in Hungary’s leading electronic data authentication and security service provider NetLock Kft. The purchase agreement contains a call option that gives Docler Investments the right to acquire the remaining stake in the next two years. [...]

British insurance major Aviva has sold its life insurance and pensions business in Romania and life insurance business in Hungary and the Czech Republic to MetLife Inc. The businesses had combined assets of EUR 57 million at the end of H1, 2011. The deal is expected to be completed before the end of 2012, subject [...]

The low-cost wing of Spanish airline Iberia, Vueling, has shown interest in acquiring Malev, the Hungarian national carrier. Malev is currently under distress and its ownership transfer is already under discussion with the National Development Ministry. The board of directors at Vueling are likely to make their decision regarding the purchase of the Hungarian airline [...]

After last year’s investment into Medimass, Euroventures once again takes the Hungarian pill and invests in the medical services sector in the country. For their first investment into Medimass,  Euroventures secured more than HUF 400 mln. MediMass develops intelligent surgical devices that will help cancer surgeons determine which tissue is cancerous and which is not. The equipment will [...]

BBS Nanotechnology , the Debrecen, Hungary based medical technology firm, has secured HUF 400 million (EUR 1.33 million) investment commitment from venture capital fund manager Primus Capital Partners. BBS developed a method of targeted chemotherapy procedure for cancer diagnostics and treatment, making the drug delivery process much more effective. The investment into BBS is the fifth investment for the [...]

Sandor Ando and Euroventures VC Fund Manager (as part of the third investment from the Euroventures IV Fund) have jointly invested HUF 400 mln in THX games, a Hungarian games developer that has recently had a popular game released on Facebook, called Triviador. The capital infusion has doubled the company’s fund; the money will be [...]

Cloud-based presentation software company Prezi has bagged a series B round of financing from Accel Partners and other investors worth USD 14 mln. The company’s software allows users to develop and create non-linear presentations with zoom, pan and rotate features that are glaringly absent from slide-based presentation tools such as Microsoft’s PowerPoint. A recently launched [...]

Private equity firm GED capital-owned Infopress Group Romania has completed the acquisition process for Révai Printing House, which was formerly owned by the Polestar Group of Britain. The combined turnover for the new group will exceed EUR 80 mln and the employee count will be approximately 500, making it the largest printing operation in the CEE [...]

Advent International-backed animal nutrition leader Provimi Pet Food has sold its French factory to rival company ATM. Following the sale, Hungary-based Provimi will operate from seven production units in Europe, with expansion plans underway for Germany, Romania and Poland. ATM (www.hery.fr) ATM, founded in 1980, is headed by Eric Charles. Héry Laboratoires is one of [...]

Gravity R&D, the Hungarian data mining company, has recently garnered funding from PorfoLion – the VC arm of OTP, Hungary’s largest lender – to the tune of HUF 300 million (approximately USD 2 million). Gravity will use the funding to enhance its presence in the United States and Asia. Gravity R&D (www.gravityrd.com) Gravity R&D, founded [...]

PortfoLion has invested EUR 1.5 million in Cellum Group Zrt. Resources for this investment will be provided by the JEREMIE fund. Signed on September 1, 2011, this venture is the largest of its type for mobile payment processing in Hungary and also in the surrounding countries. The investment will support international expansion of the product line. It is [...]

Day One Capital, the very first angel fund to operate in Hungary, has begun to offer certificates on September 6, 2011 and will continue to offer them until September 30, 2011. Certificates are valued at HUF 15 million each. This is a six year fund that will aim its investments at IT, Internet, telecom, finance, [...]

Docler Investments Ltd., a subsidiary of the Docler Group has acquired a controlling stake in Ceudata Ltd. following a EUR 1.2 million investment. Ceudata develops corporate mobile solutions under the brand-name Synaptel and was incorporated in 2009. Ceudata (www.synaptel.com) Ceudata was founded by executives having wide experience in telecommunications, defence and surveillance. The key members [...]

After this year’s investment of EUR 1.5 million (HUF 400 million) to Ominis Research, PortfoLion continued exploring new potential target companies. As a result PortfoLion invested EUR 1 million (HUF 240 million) of its approx. EUR 24 million (HUF 6.8 billion) OTP Venture Capital Fund I to TrafficNav Ltd, a real-time traffic information provider for [...]

Two Hungarian companies, DunaDome Kft and Héjja Befektető es Vagyonkezelő Kft have announced the acquisition of individual stakes in econet.hu in excess of the 5% disclosure threshold. DunaDome Kft increased its stake from 800K shares to 5.8 million, reflecting stakes of 1.17% and 8.47% respectively. Héjja Befektető es Vagyonkezelő Kft had no shares previously, but [...]