The venture capital fund has acquired a minority stake in the group, which is majority owned by three Hungarian doctors. The investment is for 4-6 years and the expected yield is 25%. MEDinnovest was set up this year, but several of its units have been operating in pediatrics care and research now for several years.
The group has 65 employees. The venture capital fund manager Alliance Jura-Hongrie was set up in June 2013. Its first fund, the AJH Growth Venture Capital Fund has capital of HUF 4.286 bln, of which HUF 1.286 bln is provided by Alliance Jura-Hongrie Holding SA, its only private investor, and the remaining HUF 3 bln by the European Regional Development Fund and the state of Hungary.
Producing journalism that is worthy of the name is a costly business. For over 30 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.
