The most profitable Hungary-related company acquisitions in 2016

The Forbes business magazine has compiled an exit list about the most profitable Hungary-related company acquisitions in its October issue. There are two media companies on the list, while the largest sum was paid for a successful Hungarian startup, vg.hu reported.

Forbes estimates that video streaming service provider Ustream, which was acquired by IBM, was sold for HUF 36.4 billion (EUR 120 million), occupying first position on the exit list.

Acquired by buyout investor Mid Europa Partners for no less than HUF 32.4 billion (EUR 106 million), the second highest amount was paid for transportation company Waberer’s International Zrt.

The third largest exit was the selling of commercial television channel TV2. The two members of the management team, Yvonne Dederick and Zsolt Simon, sold the company for HUF 19.6 billion (EUR 64 million).

The fifth largest exit in 2016 is related to the selling of Class FM commercial radio station, which was acquired for an estimated amount of HUF 3.5 billion (EUR 11.5 million) by Sláger Rádió Zrt.

The tenth place on the exit list is occupied by online vacation rental marketplace Szállás.hu, which was acquired by OTP Bank and its private equity arm Portfolion Zrt. for an estimated amount of HUF 2 billion (EUR 6.6 million).

edited by Gábor Hajnal

Source: http://www.vg.hu/