Elemér Eszter is Chairman of the Board of Directors at PBG FMC Ltd., a venture capital firm founded in 2011. The primary goal of the company is to maximize the value of managed funds entrusted to it by external investors, and to facilitate the market success of small and medium enterprises, who generate a substantive export income for Hungary. PBG FMC Ltd. manages a venture capital fund containing a mix of EU and private money since the 24th of February, 2014. Elemér Eszter – after graduating from Pázmány Péter Catholic University – studied economy and political science at Christendom College in Virginia, United States. He started his career in 2002 at Citi Bank Ltd. Afterwards, between 2004-2008, he was the cofounder of Cryo-Innovation Inc., which was acquired in 2012 by the Swedish public listed company Vitrolife. Portus Buda Group (PBG) Ltd. was founded in 2007. Eszter Elemér, as a cofounder, is an executive officer at the company, which managed 15 acquisitions, 8 real estate development deals, and 10 asset management projects over the past decade. The aim of PBG Ltd. is to assist the major Hungarian Churches and their institutions to operate on a more sustainable basis. In 2009 Elemér Eszter contributed to the founding of SSP Inc. in the US on behalf of investors and is a member of the board ever since. In 2015 Eszter Elemer was a cofounder of the Hungarian Social Impact Investors Association; from 2017 he is the President of the Association. Eszter Elemér is a cofounder and CEO of Impact Ventures Ltd. (2017), which will manage the first CEE Social Impact Fund.

Value creation

Uniqueness
Innovation
The Portus Buda Group mission
Uniqueness. Innovation. Value creation.

Portus Buda Group’s mission is to create value. The founders of the company have set sincerity as a start point, and value-based life and business management as a goal.
Portus Buda Group’s main fields of activity are fund management, asset management, property development and communication. Keys for our successes add up in a conservative approach, and in innovative and effective solutions, as well as in applying business constructions tailored to the clients’ needs.
This is the philosophy Portus Buda Group applies both in the for-profit and non-profit sectors. Our primary mission is to put the finances of Hungary’s historic churches and orders on a sustainable path in the long term.

Károly Fehérgyarmati-Tóth
PBG FMC Ltd.
Károly Fehérgyarmati-Tóth is head of operations and member of the board of directors at PBG FMC Venture Capital Fund Manager Ltd. He is an economist with a special degree diploma of foreign economy. He launched his career in business financing at Volksbank Ltd. He has relevant expertise in every aspect of banking finance. He has professional experience in business financing, project financing and consortium financing. He has gathered years of managerial knowledge in investment. He took a leading role in the setting up and operating an investment agency network with the largest sales network. Beside managing PBG FMC Ltd. he is responsible for managing existing investments and exploring paths for new ones.

Mihály Fodor
PBG Property Consulting Ltd.
Mihály Fodor is managing director of PBG Property Consulting Ltd. He filled different leading positions at prominent actors of the property industry in the past ten years. He worked as sales and marketing director at property company Ingatlan Fejlesztési és Hasznosítási Nyrt. He was project manager in property developer Futureal’s Cordia development project in Budapest. He was head of department for property management and development at state railway MÁV. He also worked as senior manager at the property division of OTP bank. As manager, he is responsible for coordinating all property-related projects of Portus Buda Group Ltd. and for ensuring the realisation of the strategy as set by the company group.

Pál Ivancsics
PBG FMC Ltd.
Pál Ivancsics is member of the board of directors at PBG FMC Ltd. He graduated from the Technical University, Faculty of Electrical Engineering, became scientific staff at the Hungarian Academy of Sciences, Institute of Technical Physics and Materials Science. In the mid-90s he served as IT director at Westel Mobile Telecommunications Ltd. He holds an MBA degree of The Open University, United Kingdom. He became Director for Strategic Business Development and later CIO at T-Mobile Hungary Ltd. From 2008, he worked as Director for Innovation Technology at Magyar Telekom Ltd. He has held directorial positions at several telecom, IT, venture capital and other investment companies and funds. He takes part in the decisions PBG’s activities related to investments.

Barbara Ming
Portus Buda Group Ltd.
Barbara Ming is legal advisor at Portus Buda Group Ltd. She graduated from the Law Faculty of Eötvös University (ELTE) in 2001. She specialises in fields of civil, trade, labour and real estate law but also in company law and local government asset management. She is well trained in litigation. Before moving to PBG Ltd, she was employed at Bán-Karika Attorneys at Law from 2013 where she was legal advisor to Hungarian and foreign medium and large sized companies. Beyond providing all-inclusive legal assistance, in her current position she is responsible for the legal alignment across the full spectrum of PBG’s companies.

István Turcsik
Portus Buda Group Ltd.
István Turcsik is member of the board of directors at Portus Buda Group Ltd. He has worked in the field of church communications and economic management for 15 years. He is founder of Portus Buda Group Ltd. He is manager of the group’s not-for-profit activities. He has been strategic manager of PBG’s communications branch EsterCom Ltd. since 2008. He specialises in ethical management, church and not-for-profit communications.

Ágost Wildner
Portus Buda Group Ltd.
Ágost Wildner is chief executive officer and member of the board of directors at Portus Buda Group Ltd. He graduated from the Pázmány Péter Catholic University. He was head at different media companies. As a founder of Portus Buda Group Ltd., he has become one of the directors at the group. He has launched and managed Servitor Pro Multis Ltd. and the Calasanz Downtown Offices (CDO) premium offices development project. He is credited with the concept of Our Lady’s Kitchen. His role is to generate, introduce and manage processes at group-level.

Máté Benkóczy
Servitor Pro Multis Ltd.
Máté Benkóczy is CEO of Servitor Pro Multis Ltd. He studied in Italy and in the United States of America. He worked at KPMG Hungary Ltd. and specialised in international taxation. He was engaged in team building in ecclesiastical circles and organised a range of trainings and other events. His priority as CEO is to provide multi-faceted and integral services for church institutions with engaging a wide range of stakeholders.
Our leaders
Value-based life and business management
Our leaders
Value-based life and business management

Elemér Eszter
PBG FMC Ltd.

Károly Fehérgyarmati-Tóth
PBG FMC Ltd.

Mihály Fodor
PBG Property Consulting Ltd.

Pál Ivancsics
PBG FMC Ltd.

Barbara Ming
Portus Buda Group Ltd.

István Turcsik
Portus Buda Group Ltd.

Ágost Wildner
Portus Buda Group Ltd.

Máté Benkóczy
Servitor Pro Multis Ltd.
What are we engaged in?
Many fields, one direction
- All
- Property development
- Asset management
- Services
- Non-profit
Portus Buda Group Ltd. founded PBG Property Consulting Ltd. in 2011 to highlight our expertise and projects in property management and development, collected during 10 years, in one separate firm with an exclusively property profile.
Like its parent company, PBG Property Ltd. promotes value-based life and business management. Accordingly, the primary aim of our company is to serve the historical churches and religious orders in Hungary, and to manage and develop church properties in a professional and profit-oriented way.
We trust that our special engagement and strong dedication to do fair business will make a clear distinction from our rivals. We believe that doing business effectively and decently is only possible through satisfying human relations. That is why we take time with our clients to talk over their problems and their dilemmas to understand them better.
Thanks to the above, our clients consider us to be trustworthy. In the recent years, we have signed cooperation agreement with a number of churches or church institutions. We are in confidential and correct business cooperation with the below institutions, among others:
• Our Lady’s Kitchen
• Dominican Order
• Salesians of Don Bosco
• Hungarian Scouts Association
• Maltese Charity of Hungary
• Piarist Order, Hungarian Province
• Carmelite Order of Hungary
We provide service to our clients in the following fields:
• Consultancy in property development and management
• Concept, utilisation plan, business plan, financial planning
• Market research, analysis
• Representing the interests of the lessee / lessor
• Creating financing schemes
• Project management
Beyond management of ecclesiastical properties, we have gained substantial experience in management of property development projects (plot acquisition, preparation, licensing, paper works, sale and management). We take part in the following processes in property development:
• Guiding official talks with licensing authorities
• Updating planning regulations, contracts for regional planning
• Liaising with local authorities and the national heritage office
• Socialising and publicising of projects
• Business planning
• Creating financing schemes
• Client representation under the planning and licensing phases
• Plan check
• Project management
• Project execution
• Engineering control
• Budget control
We have several times met property owners that had no clear vision for development, or, in certain cases, they did not know the full particulars of the components in their property portfolio. For those, we offer the following:
• Property audit
• Legal screening
• Exploration of legal environment
• Appraisal
• Preparation of development opportunities, estimate of expenses
We offer a service package providing full-spectrum property management for clients with an already active property portfolio. We offer the following services representing the lessee or lessor:
• Conducting negotiations to reach contracts, re-negotiations of contracts
• Contracting, contract updating, contract renewal
• Vindication of rights and liabilities as set out in the contract
Tailored to our clients, we developed reasonable price packages in different constructions. In line with market standards, we work both on monthly fees and on hourly fee agreements. In special cases, we have agreed on a success fee with our clients.
Another companies
"Budapest’s best office"
Budapest abounds in good quality offices. But, an office complex that is located in a nearly hundred-year-old knowledge centre of the Hungarian Province of the Piarist Order, is a real unicum on the office market, having all the features that modern architecture and building engineering can possibly offer.
The building is situated on the Danube embankment between Váci Street and Március 15 Square, with an elegant and busy ambience, having a panoramic view of Buda. CDO is distinguished from its market competitors not only by its unique location and its classic architectural quality but by a high-standard finish of its office spaces. Inner spaces and interior design have customised features (9-metre headroom, loft, look-out boardroom) that are unparalleled in Central Europe.
Another companies
Ester Communications Ltd. is one of PBG’s oldest daughter companies. It has for more than a decade specialised in communications and marketing, PR and production works. During time, Estercom has from a small designer agency turned into a significant communications partner in the civil and not-for-profit sector. We offer to our NGO clients a germane knowledge and a deep expertise how it’s best to communicate, arrange fundraising campaigns, lobby successfully, and how to build brand and image. Apart from civil clients and churches, we have prepared publications, website, brochures, organised events, planned and bought media, organised campaigns and have created tools for contracting parties such as the Constitutional Court, the Presidential Office, energy supplier GDF, oil company MOL and many other market players and government agencies.
We are a young, dedicated and creative team focusing on delivery, with a special insistence on quality performance. In smooth cooperation with a well-performing supplier network, we continuously strive to find the best solutions to a wide range of needs.
Portus Buda Group’s mission is creating harmony in aesthetics and utilisation: that is what we do in bringing new life to unique and historical areas in Hungary and re-use them meeting today’s needs. Portus Buda Group Ltd. and the Hungarian Province of the Piarist Order funded Költő Kert Rezidencia Ltd. (Poet Garden Residence) in 2009 with the above goal. The development project has a 36,000 sq metre plot in Budapest’s 12th district where we intend to build exclusive buildings that create a fine blend of luxury and nature.
Another companies
The company was jointly established in 2009 by the Hungarian Province of the Dominican Order and Portus Buda Group Ltd. to take part in the closed capital raise of CIG Pannónia Insurance Ltd. After a successful exit in 2011, with selling the shares, the company has been transformed to be the asset manager to the Dominican Order. The company’s goal is to gain profitable assets by conducting different investments. Dividends or exits from investments will contribute to financing the main operations of the owner. OPTalentum has recently screened a number of Hungarian SMEs with the aim of taking part in the given company as investor.
Another companies
Portus Buda Group and its owners have in the past ten years cooperated with innovative SMEs as angel investors or helped them with venture capital investment. PBG FMC Venture Capital Fund Manager Ltd. has been specifically founded to enter into tenders called by the New Széchenyi Plan’s “JEREMIE III” programme. PBG FMC is 100% owned by Hungarian individuals and investors and employs Hungarian professionals.
The reason behind founding the company was to realise investments with significant growth potential using Hungarian intellectual property and creativity, thus finding market niches. However small the owners’ contribution is to the big picture, they could yet help realising an innovation-based country strategy and help the betterment of Hungary. Among other analysing methods, PBG FMC is set to apply a new investment search and evaluation method unparalleled in Hungary to generate business. The method of “underserved needs” was worked out at the Harvard Business School in the United States. It was successfully used in marketing researches and in realising venture capital investments.
Another companies
Servitor – Cooperation for All!
Servitor Pro Multis Ltd. was founded by the Benedictine, Franciscan, Jesuit and Piarist orders and Portus Buda Group Ltd in 2009. Its mission is to offer assistance through providing management support to various churches, ecclesiastical organisations and non-profit entities. It also supports prospective cooperation between these organisations and institutions.
The joint ownership structure - church and civil - connects the everlasting values of religious orders with widespread business experience.
Servitor Pro Multis Ltd. has recognized that the key to a more sustainable operation of church institutions and charity organisations is a consistent and resolute representation on the market. Since the beginning, we have sought to assess the most important demands and needs of facility management. We constantly widen our range of services by initiating constructive dialogues between the owners of Servitor Pro Multis Ltd. and the cooperating organisations.
We initiate and maintain discussions on improvements in technology, publishing, fundraising, professional training and employment matters.
We purchase fuel, gas and electric energy for our partners. We provide detergents, stationery and basic foodstuffs wholesale.
We have established business contacts with more than three hundred church institutions. These belong to the Roman and Greek Catholic, Reformed and Baptist Churches, a number of religious orders and different social establishments. Also, we support the entire institutional network of the Hungarian Maltese Charity Service.
We welcome you to join us!
SSP Invest Ltd. is part-owned and operated by Portus Buda Group Ltd. regarding to general and financial management, monitoring and strategic governance.
SSP Invest Ltd. has raised capital in two rounds (seed round, series ”A” round) in three introductory stage ventures. Overall investment amounts to 2 million USD that was largely channelled to Secret Sauce Partners Inc. This early stage company employs a number of excellent Hungarian developers working on innovative software focusing on consumer internet services.
Beside Portus Buda Group Ltd., SSP Invest Ltd.’s investors and thus owners are the Hungarian Province of the Piarist Order, the Hungarian Province of the Dominican Order and Robson&Son Inc.
Another companies
The realisation of the first phase of Költő Garden project is credited to Svábhegyi Villa Ltd. that was jointly established in early 2015 by the Piarist Order and Gábor Városi.
In late 2015, after a thorough and mindful planning phase they submitted the plans as approved by the local planning authority to the central planning authority. It supported the project unanimously and unconditionally. With the final construction drawing and the permit at hand, construction is expected to start in mid-2016 on the Western part of the plot.
This phase will see the completion of 12 luxury flats on a 5000 sqm plot. First owners are expected to move in in spring 2018.
Another companies
Nissen provides compact, smooth designed homes with environmentally conscious solutions and low ecological footprint. Our vision is to preserve natural beauties in their original dignity and to provide help and alternative solution for those who are opened to an environmentally friendly lifestyle. Nissen houses leave all the unnecessary gadgets behind in order to put the focus on the environmental friendly and energy saving solutions, that is the main driver in terms of providing all the essential functions for the houses such as building sewage system, or choosing renewable energy sources.
Nissen merges living in the nature and top quality facilities. This combination ensures the pleasure for those, who would like to enjoy the peaceful nature, without giving up the everyday comfort.
Another companies
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For us, the saying "My house is my castle" means renovating an old building, finding a suitable function for a house lying idle and bringing life to it and out of nothing, creating infrastructure fitting the function. This is the kind of work that attracts us.
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In one’s life, to achieve success, human and divine relationships are both needed. /Paul Enenche/