Owners of Chemor Kft., a company engaged in the development of apiculture-related pharmaceutical products, sold company-owned formulas and brand names, as well as the rights related to the sale of the products to a leading Hungarian company manufacturing and selling veterinary products.
Capital raising Advice for the owners of ArtOrigo.com in selling the company’s minority shares to Gran Private Equity.
ArtOrigo.com was founded in 2017 by two Hungarian private individuals with the aim of providing an online platform primarily for galleries and art professionals to sell a variety of artwork, primarily furniture, paintings, lamps and home furnishings. In addition to photos, videos are often used to help to get to know the products in more detail. ArtOrigo.com still has around 40 galleries of subscribers from around the world.
Omron Automotive sold its land in Rétság Industrial Park supported by Concorde MB Partners. Omron had previously purchased the area to enter the European market through a major greenfield investment. After discarding this idea, Omron launched the sales process. The buyer intends to build a major packaging material manufacturing plant in the area.
The selling of Dunavox Kft, a leading producer and distributor in the wine cooler sector, was successfully completed in September 2018.
The company has been selling its premium quality built-in and freestanding wine coolers in 35 European and Asian countries since 2006. The wide product portfolio includes smaller-sized wine collection coolers for home storage, as well as professional models with significant storage capacity for wine merchants and the catering industry. The Company has been awarded the MagyarBrands Prize every year since 2011.
In August 2018, an international professional company acquired GPS Tuner engaged in the development of navigation software for electric bikes. Founded in 2003, GPS Tuner is a leading supplier of versatile on-board information centres developed for the owners of traditional and electric bikes. GPS Tuner sells its products all over Europe to major electric bike manufacturers and navigation system developers.
The acquisition provides an opportunity for the investor to gain a significant market position in the bike navigation market.
The exclusive transaction advisor of GPS Tuner was Concorde MB Partners.
LDC, a French multinational poultry processing company, announced on 30 May 2018 that it had signed a sales and acquisition agreement for 70% of the shares of Tranzit-Ker Zrt. and Tranzit-Food Kft. owned by Szabó family. Another milestone in LDC’s international expansion was the acquisition of a majority stake in Tranzit Group.
Dealing mainly with goose and duck processing, Tranzit Group is one of the most significant Hungarian poultry breeders and processors. Consolidated revenue for 2017 of the Group was EUR 108 million with an EBITDA of EUR 20 million. Tranzit Group could grow through acquisitions on several occasions, with a processing plant and hatchery being acquired in 2010 and chicken farms in 2017.
LDC is the largest poultry processing company in France, generating a price revenue of nearly EUR 4 billion in 2017 (their financial year ended on 28 February 2018). They carried out several acquisitions in Europe in recent years, only in 2017 they have been involved in three transaction processes as an investor. LDC’s export activities in 2017 generated a price revenue of EUR 274 million, which, following the acquisition of Tranzit Group, is expected to increase significantly.
During the acquisition process, the exclusive transaction advisor of LDC was Concorde MB Partners. This acquisition was the largest private market transaction of CMBP and its predecessors.
Hungaropharma Zrt. acquired the 100% shareholding in QB-Pharma Kft on 19 March 2018.
QB-Pharma Kft. is the first cloud-based computer software development and operation company in the market of public pharmacy computer software systems.
The Company was formed in February 2018 by the divestment of the pharmacy division of Quadro-Byte Zrt. Systems developed by QB-Pharma have provided comprehensive, effective IT solutions for pharmacies and patient care institutions for 25 years. Following the transaction, QB-Pharma will continue to operate independently, with its previous management and employees.
Hungaropharma Zrt. is the largest player in the Hungarian pharmaceutical wholesale market with its 40% market share. Over 2,400 pharmacies and around 140 hospitals are serviced by them throughout the country and they sell nearly 135 million boxes of pharmaceuticals and other medicinal products annually.
With the acquisition of QB-Pharma Kft., Hungaropharma Zrt entered a new sector of the pharmaceutical industry through a significant market player, with a view to expanding its services to pharmacies and maintaining a competitive position in service provision the market of pharmacy sytem administrators as a capital-intensitve professional investor.
Concorde MB Partners Kft. Was the exclusive financial advisor to Hungaropharma Zrt. supporting it throughout the whole process, including the divestment of QB-Pharma Kft. from Quadro-Byte Zrt.
Budapest, 1. February 2018
1 February 2018
On 1 February 2018, Affidea Diagnosztika Kft. acquired 100% of the shares of Főnix-Med Zrt.
Affidea Group, a provider of imaging diagnostic services, was established in Hungary 26 years before. Affidea’s state-of-the-art diagnostic services are now available in 230 locations in 16 countries. The Group used to employ more than 500 workers in employment relationship and under contract at 12 locations only in Hungary, under the management of György Leitner.
Through the acquisition of Főnix-Med, the Group’s first non-diagnostic investment, Affidea is now able to provide integrated private health services with a range of outpatient and corporate health services in Hungary.
Főnix-Med provides corporate and occupational health care to over 100,000 employees with its staff of 600. During its existence exceeding 20 years, it focused on private and occupational health care services, with only 25% of its revenue coming from public funding. The seller Opinion Group was represented by Dr Zoltán Takács.
The transaction is the largest private health care transaction in the country carried out by a professional investor to date and is a significant step in the inevitable consolidation process of the segment.
The transaction advisor of Affidea was Concorde MB Partners.
Budapest, 29. December 2017
The owners Minerág Kft. a Szekszárd based accredited laboratory for food inspections and agricultural and environmental services, have sold 100% of their shares to the Eurofins Group.
Founded in 1990, Minerág Kft. is one of south-west Hungary’s leading companies in the field of agricultural and environmental sampling and is a leading consultant on the related laboratory tests.
Eurofins Scientific is the world’s leading international laboratory network. It has a presence in 40 countries and 375 locations across the world. With more than 30 000 employees, the company’s revenues exceeded EUR 2.5 billion in 2016.
Concorde MB Partners served as the exclusive transaction advisors to the owners of Minerág Kft.
In the autumn of 2017, a contract was signed between Videoton Holding Zrt. and an individual investor, according to which the investor will acquire the Videoton owned Ventifilt Légtechnikai Zrt. and take the office of chief executive officer after certain strucutural changes have been implemented.
Arad, 10. December 2017
The owners of Minerág Kft. a Szekszárd based accredited laboratory for food inspections and agricultural and environmental services, sold their 50% stake in their subsidiary Minear Laboratoare SRL, in Arad.
Minear Laboratoare was founded in 2010, as a joint venture in soil inspection and consultancy by Minerág Kft and the Arad based, Samid Agro, a company which deals with agricultural production and services.
Minerág’s Kft. 50% stake in the subsidiary was purchased by a Romanian private owner of Samid Ago, becoming the sole owner of the company.
Concorde MB Partners served as the exclusive transaction advisors to Minerág Kft. owners.
The Phoenix Project completed a successful closed round of convertible note issuance for the development of an innovative hand-forearm orthosis product.
Nearly one third of patients who have suffered a stroke, experience convulsive forearm paralysis, which either completely or severely prohibited their ability from using or moving their hand. The Phoenix Project aims to develop, and introduce to the market, a product for hand-forearm orthosis to rehabilitate the patients’ ability to use their fingers and to reintegrate them into every day life.
A local university, an institution and many independent investors have pledged to finance the start up costs of the project; if the initial stage proves to be successful, they have committed to funding the later stages of the project as well.
Concorde MB Partners served as the transaction advisors to the Phoenix Project founders.
Budapest, March 2017
The financial closing of the private placement of convertible debt-instrument of BeChameleon, a start-up disrupting the client acquisition of telecommunication operators, has been executed in February 2017.
BeChameleon’s services benefit both the telecommunication industry’s incumbents and the end-users of mobile phone services provided by the incumbents. The application, developed by the Company, analyzes the pattern of the end-user’s mobile phone activity and offers the cheapest service package fitting best its usage. The application hands over the collected information to contracted operators in order to facilitate the sale of the chosen package. The service has been tested via pilot projects in several countries (e.g. Hungary, Croatia). Additional pilot projects in 10 countries are under preparation with the intention to make successful pilots immediately live.
The start-up has been supported by domestic and foreign private individuals via privately placed convertible debt instrument and are expected to become shareholders of the Company within one year.
The adviser of BeChameleon’s founders was Concorde MB Partners.
Budapest, January 2017
After the signing in December 2016 the transaction of the first Hungarian machine rental company, Profirent Kft. has been closed.
Profirent is operating on the entire territory of Hungary and providing rental services regarding construction machines and other appliances. Its park tool includes more than 150 product categories from small appliances through lift machines to earth moving machines. The Company was owned by Ramirent Group till 2013 when it was acquired by Danube Sicar Private Equity Fund. During the four-year PE ownership period the Company’s operation was professionalized and its service department was strengthened. Profirent employs more than 130 people in 17 sites. The Company’s sales from construction, industrial and several other industries is amounted to HUF 3.3 billion.
Profirent was acquired by the Austrian Industrie Holding GmbH that has several years of experience in Hungary and other 12 countries in the CEE region through Terra Group, a construction machine commercial company.
The transaction gives an opportunity to Industrie Holding to develop a significant market position in the service sector.
In the transaction the Concorde MB Partners was the Profirent’s exclusive M&A advisor.
Budapest, December 2016
With its almost 25-year professional experience, the Győr based CNC Rapid is one of the leading players in the precision machining parts market with its domestic small – and medium sized production volume. The Company employs more than 120 people and develops continuously with more than 150 machines and customer-specific production areas. CNC Rapid manufactures more than 3000 types of machined parts in a precise, flexible and fast way that are mainly used in the railway industry and at the pump manufacturing. The Company’s sales is amounted to HUF 3 bn.
CNC Rapid was acquired by Hungarian private investors with Mr. András Csoma in the management position and through Vestin Equity. The investors see a significant international expansion opportunity in the Company’s technological knowledge, the acknowledgement by its clients and its market position. The CNC Rapid’s predecessor was founded by the former turner master Mr. József Szórádi who is educating the new management continuously.
May 2016
UCMS Group is Central Eastern Europe’s leading payroll, HR and accounting service provider. Through its Hungarian, Polish and Romanian subsidiaries, as well as through its partners, the Company is able to serve a number of international blue-chip and local clients throughout Europe.
TMF Group provides high-quality business services in more than 80 countries, predominantly to global and regional clients. The Company’s financial, legal and HR services facilitate the client’s focus on the operation of its corporate structure, its subsidiaries and its investment companies.
UCMS Group’s customer focus and trans-border services match TMF’s strategic conception. With the acquisition of UCMS, TMF is able to considerably strengthen its position in the region.
Concorde MB Partners advised the owners of UCMS Group in this transaction.
Pilisvörösvár, May 2016
The Luxembourgian minimal window manufacturer Keller AG acquired 100% of the wood and wood-aluminium division of Hungarian Hofstädter Group. Keller AG will carry on Hofstädter’s activity of manufacturing wood and wood-aluminium windows and doors, and additionally bring the production of home conservatories to his newly acquired manufacturing plant. This acquisition enables Keller AG to broaden its presence in CEE as well as ensure a faster and more flexible delivery service of its products into the region.
Concorde MB Partners advised the buyer on this transaction.
Győr, February 2015
The Győr-located subsidiary of Danish Group IAI Holding AS, Ib Andresen Industri Magyarország Kft., is focusing on the activity of a steel service center (“SSC”) operator for sheet metal and metal processing as well as rolling. The Company is further offering the service of slitting and precision cutting of steel coils.
ThyssenKrupp Group is present in more than 80 countries with its steel activity. The Hungarian ThyssenKrupp, Ferroglobus, is active within the area of basic element services, where it focuses on the distribution of steel and other metals, but also performs SSC activities.
In the transaction, according to the Seller, the Company’s domestic growth opportunities were significantly limited and the owners did not see the possibility of the Company’s stable and long-term profitability. Operating since 2005, the Company was continuously showing losses on the domestic market, one of the reasons being the relatively low annual tonnage volumes. With this transaction, ThyssenKrupp’s Ferroglobus Kereskedelmi Zrt. further strengthens its domestic presence and, under the name of Materials Processing Hungary Kft., plans on operating with a close to 200,000 ton capacity.
In February 2016, the Hungarian Competition Authority (Gazdasági Versenyhivatal, GVH) granted authority for this acquisition.
Concorde MB Partners advised the Seller in this transaction.
