The paper focuses on a special type of ownership transformation that characterizes the life cycle of companies in the venture capital industry in Hungary. These types of transformation are frequently realized by mergers and buyouts. The special characteristics of the biggest transactions in the venture capital industry are well-documented in the reports of the authorisation proceedings conducted by the competiton authority. These proceedings concern the deals of the period following the accession to the EU. According to the analysis of these transactions, certain features are different from the international trends. On the one hand, investments occur only into matured companies; on the other hand, the industry breakdown of these investments differs from the structure that characterises the whole venture capital industry in Hungary.
private equity venture capital industry competition surveillance control buyouts