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Venture capital, private equity investments in Hungary reach HUF 31.8 bln in 2015

Venture capital and private equity investments in Hungary fell 58% to HUF 31.8 billion last year, the Hungarian Private Equity and Venture Capital Association (HVCA) said in an annual report yesterday, Hungarian news agency MTI reported.

HVCA noted that the value of a number of big private equity transactions was not disclosed last year, which could skew the data. 

Investors put the money into 109 companies in 132 transactions.

Jeremie funds, partially financed by the European Union, were the most active, investing HUF 23.9 bln in 67 companies.

Venture capital transactions averaged HUF 274 million, up from HUF 170 mln in 2014. The biggest private equity investments were over HUF 2 bln in value.

Around 39% of investment went to the business and industrial service sector, 21% to the energy and environmental sectors and 12% to companies in the consumer services sector.

Last year, 27 funds made investments in Hungary. Twelve invested more than HUF 1 bln apiece and accounted for 80% of the total.