History

History

Concorde MB Partners was established on October 1st, 2015 as a result of a merger between Concorde Corporate Finance and MB Partners. The Firm is an independent, Hungarian-owned transaction advisor which provides internationally competitive service quality to its clients and its team members have accumulated several decades of transactional experience.

Concorde Corporate Finance was created in 1993 by Concorde Securities, one of the largest independent brokerage houses in Hungary. The team of Concorde Corporate Finance has unrivalled transaction experience in all various types of corporate finance deals: they have successfully executed dozens of IPOs, company divestments and acquisitions, and capital raisings. As a result of the work of the past 15 years, by now the number of executed deals approaches one hundred and the total value of these transactions exceeds EUR 3 billion. Concorde Corporate Finance was an exclusive member of M&A International before the merger.

MB Partners was founded in 2002 as a transaction advisory boutique focusing on the small and medium enterprise (SME) segment. MB Partners has been the publisher and editor of Firm Value since 2006, a unique, corporate finance and transaction-focused bi-monthly publication. The company is a specialist of transactions below EUR 30 million and a market leader based on the number of executed deals. Its colleagues have several years of experience in corporate divestitures, company acquisitions and corporate financing. MB Partners’ colleagues have also been tested in international markets on various deals. After the founder, Mr. Istvan Preda left Hungary, in July 2013, MB Partners became part of Oriens Holding. MB Partners has operated with the same team since then, along the same principles, independently, but is supported by the mother company in order to maximize the advantages of being part of a larger financial group. Prior to the merger, MB Partners was a member of IMAP’s international network.

The merger of Concorde Corporate Finance and MB Partners is an important event from the perspective of the whole Hungarian M&A industry. In the past twenty-five years, the Hungarian M&A market has been dominated by larger transactions done by international companies while Hungarian SMEs as buyers or sellers had only a marginal role. Nevertheless, in the last five years, with the growing economic importance of Hungarian SMEs and the relative rarity of larger acquisition targets usually preferred by foreign buyers, the Hungarian M&A market experiences radical changes and the importance of local SMEs grew significantly. The merger of Concorde Corporate Finance, the best known player on the market of larger M&A transactions and capital market transactions, and MB Partners, the most active player in the SME segment, is an excellent combination. Concorde MB Partners is the first Hungarian company that has years of experience in serving the under-served corporate market with its world-class M&A and corporate finance services.