The private equity funds iG TECH II and iG TECH III will carry out a two-stage capital increase totaling nearly HUF 96 billion (EUR 243 million) in 4iG SDT Zrt. The funds are affiliated with Gellért Jászai, CEO and majority shareholder of 4iG Nyrt. Through the capital injection, the funds will acquire up to a 49% ownership stake in the space holding company.
In the first phase, during August, iG TECH Capital Investment Fund Zrt. will raise EUR 75 million (HUF 30.3 billion) for the iG TECH II Fund and HUF 6 billion (EUR 15.1 million) for the iG TECH III Fund, securing ownership stakes of 19.7% and 3.9% in 4iG SDT Zrt., respectively. In the second phase, expected by the end of September, further capital increases of HUF 6 billion and HUF 54 billion (EUR 136.7 million) will be made in 4iG’s space subsidiary.
The goal of the capital increase is to strengthen 4iG SDT’s financial foundation to support the next phases of the HUSAT satellite program, expand the capacity of the REMTECH plant in Martonvásár, establish ground stations, and advance the development of data processing systems.
The capital infusion will also enable 4iG SDT to carry out additional targeted investments, acquisitions, and strategic projects in the national and international defense industries. These efforts could indirectly enhance the competitiveness and export potential of Hungary’s defense sector, particularly in aerospace engineering, autonomous systems, weapons and ammunition manufacturing, smart mobility solutions, and digital technologies.
The capital increase is backed by 4iG SDT’s order volume, which exceeds HUF 548 billion (EUR 1.3 billion), as well as by its business plans for the coming years. This volume does not include the portfolio of N7 Defence Zrt., as that acquisition has not yet been finalized.