History

History

The history of NAVIGATOR Group can be divided into three periods. From 1995, the group focused on the acquisition and operation of IT businesses until the exit in 2005, when the company was acquired by U.S. investors.

Between 2006 and 2015, NAVIGATOR’s activities were primarily defined by crisis management as a service. As part of this, NAVIGATOR and its owner purchased a minority stake in several domestic companies, including a construction industry company, an IT company and a venture capital fund.

From 2015 onwards, the group has been mainly involved in the acquisition of industrial production companies and advising and assisting SME companies to be listed in the Budapest stock exchange.

2021 - NAVIGATOR Group closed a successful year

In 2021, NAVIGATOR successfully integrated Trifolium International Ltd. into the company group. Total sales will reach HUF 1.7 billion and EBITDA is expected to reach HUF 200 million. With this achievement, the Group successfully managed the crisis situation faced by Trifolium prior to the takeover caused by the pandemic resulting in the complete shutdown of the company’s activities on the foreign and domestic markets.

NAVIGATOR sold its stake in Aperus Pharma Plc.

The Xtend consulting & advisor team of NAVIGATOR successfully completed the market launch of Épduferr Plc. at the BSE.

2020 - NAVIGATOR acquired a production company

After 30 years, the founding owners of Trifolium Hungary Ltd. decided to sell their entire stake in the company as a solution to their generational change problems. As a result, in March 2020, Trifolium Ltd. became fully owned by the NAVIGATOR Group.

2019 - 4 out of 5! NAVIGATOR becomes a NomAd (Nominated Advisor) to the Budapest Stock Exchange!

Random and NAVIGATOR are key players in the Budapest Stock Exchange Xtend program. It took less than a year for the consortium of Random Capital and NAVIGATOR Investments to be able to announce that the consortium in some way is involved in almost all of the successful Xtend launches and those underway at BSE.

2018 - NAVIGATOR achieves NomAd (Nominated Advisor) status at BSE

Nominated Adviser (NomAd) is a new advisory status established by the Budapest Stock Exchange. Approved companies have the exclusive right to take companies to the new SME market launched by the BSE – Xtend. The concept itself is not new, the London Stock Exchange has been operating its own NomAd system for many years. NAVIGATOR participates in the program as an exclusive partner of Random Capital.

2018 - NAVIGATOR invests in the biotech sector

NAVIGATOR – an organizer and manager of private equity investments, has acquired a minority stake in Aperus Pharma Plc., which is active in the development of drugs for Alzheimer’s disease. The new company was established by the owners together with the Szeged-based biotechnology company Avidin with the purpose of funding and financing the research and development project.

2017 - NAVIGATOR expands its services to provide solutions to companies facing generational change challenges

NAVIGATOR has launched a new investment model called Generational Change. The group helps the owners of companies that face inheritance problems in the company’s future management to find a solution. In many cases, family members are unwilling or unable to deal with carrying forward the founder’s life-time achievement representing a commercial challenge complicated further with the owner’s emotional attachment to the company. NAVIGATOR’s customers are primarily production companies with high added value, positive cash flow and significant production assets.

2014 - Exit, exit, exit

A year of great divestments. NAVIGATOR’s management broke away from the crisis management business and sold its portfolio companies. The group gradually sold its stake in both Synergon and an investment fund during 2014. After saving a great many of ventures at the very last minute by NAVIGATOR’s management and the troubled company owners (sometimes paying a heavy price during the process) the company decided not to deal any more with companies undergoing a crisis. It is an unrewarding task!

2013 - Investment fund

In 2013, NAVIGATOR as financial investor acquired a minority stake in a domestic fund management company, as well as in a financial fund. Following the expansion of the portfolio, NAVIGATOR exited both the financial fund and the fund management company in 2014.

2011 - The Synergon transaction

At that time the shares of the leading Hungarian solutions provider company operating on a regional level were listed on the Budapest Stock Exchange. In the same year, NAVIGATOR became the largest shareholder in the company holding a stake of 15.89%. Following the successful reorganization, the group’s sales exceeded $ 70 million and the share price increased from HUF 140 to around HUF 450.

2010 - NAVIGATOR Investments Plc.

Following the change of name of NAVIGATOR Invest Ltd. and its transformation into Plc., NAVIGATOR dealt with the reorganization and improvement of the market position of small and medium-sized enterprises struggling with financial and organizational problems. In August 2011, NAVIGATOR entered into an agreement with the Synergon Group, under which Zoltán Jutasi became Synergon’s CEO.

2007 - Reorganization of a construction group

At the end of 2007, just before the 2008 global economic crisis, Zoltán Jutasi acquired an interest in a Hungarian-owned construction group. During the transaction, the new management led by Jutasi carried out a total, group-level reorganization via establishing of a holding structure.

2005 - The first successful company sale transaction

In 2005, the Euroweb Group made an offer to acquire NAVIGATOR’s IT portfolio; the offer was accepted by both Wallis and Zoltán Jutasi, and the owners sold the entire package of shares. Following the transaction, the principal activity of NAVIGATOR was shifted to corporate transactions leading to the establishment of NAVIGATOR Invest Ltd.

2003 - The first acquisition

NAVIGATOR acquired AM-IT Plc., a subsidiary of Antenna Hungária, and merged with Wallitrade’s IT business arm. Following the successful transaction, NAVIGATOR Informatika Plc. was established by merging three IT companies belonging to the group. By 2005, the company had a turnover exceeding than HUF 2 billion in the domestic market, making it one of the leading outsourcing companies in Hungary.

2001 - Member of the Wallis Group

Wallis entered the company as financial investor. During this period, NAVIGATOR’s customer base included Antenna Hungária, the National Blood Supply Service, Ericsson Hungary and the Wallis Group itself.

1995 - Counselling, the beginnings

The first business – a predecessor of NAVIGATOR – was founded by Zoltán Jutasi together with his Austrian and Hungarian colleagues under the name Qualit-Invest. The company’s portfolio included project financing, stock exchange analysis, organizational transformation, implementation of consulting projects related to corporate governance, as well as deployment of quality management systems; starting from 2000 the company expanded its activities to include the IT business segment.

NAVIGATOR is 25 years old!

Download our 2021 balance sheet

imageAvailable soon!