Report: Venture capital fund investments up 56% in Q1
Venture capital funds in Hungary invested a joint HUF 4.4 bln in Q1 this year; a figure that reveals a year-on-year increase of 56%, the Hungarian Venture Capital Association (HVCA) reported today.
Data from the report suggest that approximately 40% of investments were in business and industrial services, some 18% in consumer products manufacturing and trade while the computer and consumer electronics branch saw an investment of 16%.
HVCA said that venture capital funds closed 26 transactions in Q1, and also saw two exits, though these were only worth a combined HUF 70 mln. The transactions varied in size between a few million forints to HUF 767 mln, the report added.
HVCA noted that a HUF 95 bln private capital transaction also took place in Q1, when Pamplona Capital Management bought Budapest-based Partner in Pet Food, one of Europeʼs largest manufacturers of house brand pet food.
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 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.