Management buyout at Hungary's Portfolio

Portfolio
NT2016 Ltd., owned by Gabriella Balogh and Zoltán Bán, has acquired Net Média Zrt., the publisher of Portfolio from Central European Media & Publishing (CEMP) Group.
Net Média Group is the publisher of online economic and financial portal Portfolio, household finance-focused penzcentrum.hu and agricultural portal agrarszektor.hu. The company organises numerous conferences and other events in Budapest, all over the country and abroad. It also comprises stock exchange trading site Portfolio Online Tőzsde and financial data provider Portfolio Financial. Following the transaction the buyers also own CEMP Trade Ltd., which offers foreign exchange and CFD trading services under the Alfatrader brand name. The buyers financed the management buyout transaction from loan and own resources.

The company offers integrated B2B and B2C services. Only about one-third of its 2016 revenue is related to the media business. The new owners intend to increase presence on foreign markets, step up B2B services and are committed to the development of the financial culture of the SME sector. New cities are expected to be added to the current list of foreign venues (London, Vienna, Bucharest, Belgrade).

Gabriella Balogh is member of CEMP Group’s Board of Directors, member of the Hungarian Football Association’s (MLSZ) Board and helps the activity of several foundations.

Zoltán Bán joined Net Média in 2000 and has been its Chief Executive Officer since 2009.
 

More in Business

July 24, 2025 14:49

Age restriction introduced at Budapest thermal baths

Reasons unknown for now

byd
July 23, 2025 09:29

Government Commissioner refutes reports of delay in launch of BYD factory in Szeged

István Joó called it "fake news"

videoton
July 23, 2025 08:39

Videoton expands abroad with acquisitions in Germany and USA

The time is ripe for acquisitions

July 22, 2025 13:50

Budapest Airport reports a record-breaking first half of the year

In both passenger and cargo transport

műhold
July 22, 2025 09:46

4iG and IAI form strategic partnership to restructure Spacecom's debt

Bond issue and capital injection may come

July 21, 2025 11:28

4iG's Gellért Jászai signs new strategic agreements

In addition to the several agreements already signed last week

LATEST NEWS

Detailed search