March 2008, Zalakaros

Szabadics Public Works and Civil Engineering Zrt received a HUF 2.5 billion loan to refinance a substantial part of the enterprise value of the company and to allow two independent management team members, Tamás Kovács, Finance Director and Zotmund Alpár Vida, Technical Director, to become shareholders in the company. As a result of this transaction the family owned company will be similarly organized and managed as its multinational competitors. At the same time an asset management holding company was created in the Szabadics group, which will now have enough capital to execute the acquisitions.

Concorde MB Partners acted as financial advisors to the owners of Szabadics Zrt in this transaction.