2011 – 2013
Crisis management in focus
SYNERGON Informatika Nyrt. a joint stock company listed in the Budapest Stock Exchange was – by the time of the transaction – a leading, Hungarian-owned IT solution provider company operating on regional level. The subscribed capital of SYNERGON Group exceeds 3.5 billion HUF. Main profile of the corporate group is system integration in information technology. NAVIGATOR acquired shares in SYNERGON Group and its affiliates in 2011. Since SYNERGON was not able to overcome its financial difficulties developed during the former years it was necessary to drastically reduce in 2012 the operational expenses of the company. In the same year NAVIGATOR has become the largest shareholder in SYNERGON (holding 15.89 %). Following a successful restructuring (accompanied with a transformation to a holding) revenues of the holding exceeded USD 70 million and share prices increased from HUF 140 to HUF 450.
Value of NAVIGATOR’s transaction was USD 17,5 million. Exit: 2013.