STRT Holding Plc. has successfully completed its stock market listing and initial public offering (IPO)

In December 2025, the shares of STRT Holding Plc. (STRT Holding) were introduced to the Standard category of the Budapest Stock Exchange (BSE), moving up from the BSE Xtend market. Both the institutional bookbuilding and the public, retail sale of shares were successful, and STRT Holding has issued a total of 1,503,962 new shares, resulting in a capital increase of HUF 1.35 billion.

STRT Holding is an investment company founded in 2022 that supports innovation in the Central European region through two mutually reinforcing activities. On one hand, it invests in early-stage, technology-focused companies, having already completed more than 100 investments. On the other hand, it trains future-oriented leaders through its academies, having educated more than 6,500 participants in its courses to date. STRT Holding aims to become a key player in the regional startup ecosystem and to further support the creation of new, internationally successful domestic and regional companies.

During its time in the BSE Xtend category, the regulated market listing of its shares, and its successful IPO, Concorde MB Partners acted as nominated / financial advisor of STRT Holding.

On September 3, 2025, UBM Holding completed the acquisition of 100% of the shares of Agrifirm Hungary Ltd., the Hungarian subsidiary of the Dutch Royal Agrifirm Group.

Founded by approximately 8,000 Dutch farmers, the Royal Agrifirm Group boasts a 120-year history in the Netherlands and has grown into one of the world’s leading agricultural companies. Its Hungarian subsidiary, Agrifirm Hungary Ltd., is a key player in poultry feed production. The company operates three plants in Győr, Környé, and Kaba, with a combined annual capacity of around 250,000 tons and a workforce of 130 employees.

Since its establishment in 1996, the UBM Group has become Hungary’s market-leading feed producer and one of the largest feed raw material traders. The group also operates six feed mills across Slovakia and Romania and sells its products in 15 countries, with more than half of its revenue generated from exports.

As a result of this acquisition, UBM Group’s annual production capacity will increase by over 40%, reaching approximately 850,000 tons. This marks a significant step toward the company’s strategic goal of producing one million tons of feed annually. Agrifirm’s strong market position in poultry feed aligns closely with UBM’s strategy to strengthen its leadership in the Central and Eastern European region.

Following the transaction, Agrifirm Hungary will continue operations under the name UBM Nutrition Ltd., now fully integrated into the Hungarian group.

UBM Holding was exclusively advised on this transaction by Concorde MB Partners.

In September 2025, Terracotta Group acquired 100% of the shares of Real Nature Kft.

Real Nature Kft., a Hungarian company specializing in the distribution of high-quality and healthy food products, took over the Joya brand from Mona Hungary Kft. in 2009, and subsequently, in 2014, acquired its entire product portfolio. The company operates on a distinctive dual business model in the food industry, combining product development, contract manufacturing, and distribution. While its core activity is the distribution of healthy and sustainable food products, a significant portion of these products are also contract-manufactured, often in cooperation with strategic partners. Its product offering is focused on lactose-free, gluten-free, sugar-free, and vegan categories.

Terracotta Magyarország Kft. is a key player in the Hungarian hobby gardening products market. Its main activities include wholesale and distribution of hobby gardening and seasonal non-food products. Its wide-ranging portfolio includes flowerpots, potting soil, grass seeds, fertilizers, and garden accessories. Terracotta serves nearly all major hypermarkets, DIY chains, and discount retailers in Hungary and across the Central and Eastern European region, with a presence in more than one thousand points of sale. Its subsidiary, Terra-Tőzeg Kft., is engaged in the production of potting soil and liquid fertilizers, as well as peat processing, and manufactures private label products for major retail chains. Another subsidiary, Gardino Magyarország Kft., focuses on online sales.

Real Nature Kft. is an excellent strategic fit for the Terracotta Group’s growth and diversification ambitions. Through this acquisition, a Hungarian group is formed that will be active in both the food and non-food segments.

Concorde MB Partners acted as exclusive transaction advisor to the Buyer.

In August 2025, the sale of 100% of Kolcsár Sütőipari Kft. to Lipóti Pékség Kft. was successfully completed.

Kolcsár Kft. was founded in 1990 by György Kolcsár, who, together with his wife, opened their first bakery in Várgesztes, where traditional stone-oven baked bread with a thick crust was produced. Today, with more than 30 years of history, Kolcsár Kft. operates a production facility in Oroszlány, manufacturing classic bakery and confectionery products. The company primarily sells directly to customers: alongside its own shops, it mainly distributes its products through mobile sales vans. Its assortment is largely made up of traditional baked goods, but also includes diabetic-friendly products.

Lipóti Pékség has nearly three decades of successful operations in the baking industry. Since 2006, it has built a dynamically growing franchise network of approximately 250 branded shops. The network is supplied by three large production plants in Lipót, Tatabánya, and Kecskemét. At the end of 2021, a new state-of-the-art facility was established in Hatvan, equipped with the most modern technology and one of the largest of its kind in Central Europe, capable of producing both fresh and frozen goods. This further strengthened the group’s production capacities and future growth potential.

Through this transaction, Lipóti Kft. acquires Kolcsár Kft.’s production base and its extensive distribution network around Oroszlány. Of particular value is the company’s unique sales model, which delivers products via mobile vans to 80 towns and villages, enabling Lipóti Pékség to integrate a new and efficient sales channel into its system. Kolcsár Kft.’s product portfolio of more than 80 items complements Lipóti Kft.’s strategy of focusing on quality and distinctive flavors.

The exclusive transaction advisor to the sellers was Concorde MB Partners.

Management buyout (MBO) and acquisition financing advisory for a market-leading online service provider.

During the transaction, the founding management team used a leveraged buyout (LBO) structure to acquire the financial fund that supported the company’s previous growth phase. During the financing of the transaction, intense competition developed in the financing market, which allowed the management to select the structure with favorable terms and conditions that best fit its strategic goals from among numerous competing offers. As a result of the competition, a flexible financing structure tailored to individual needs was created, which ensures the further development of the company under optimal conditions.

Concorde MB Partners was the exclusive transaction advisor to the Buyers during the transaction.

In May 2025, the sale of 100% of the shares of Revolution Software Kft., a leading player in the Hungarian ERP market to Seyfor, a.s. was completed.

Revolution Software Kft., headquartered in Budapest, was founded in 1992 and specializes in delivering high-quality ERP systems for mid-sized businesses. Its core products include its proprietary deep.erp solution as well as the implementation of Microsoft Dynamics 365 Business Central. The company is known for its commitment to quality and innovation, serving over 3,000 customers. The company employs approximately 70 professionals and generated revenues of 6.3 million euros in 2024.

Seyfor, a.s. is a leading European provider of ICT solutions. With a team of over 1,900 professionals, the company serves clients in 38 countries across Europe. Seyfor ranks among the fastest-growing IT companies in the region and is the largest developer of accounting, ERP, payroll, and HR systems in the Czech Republic, with an expanding footprint in international markets. The company’s sustained growth is supported by a consistent acquisition strategy, having completed numerous transactions across Europe to enhance its portfolio and strengthen its competitive position both domestically and abroad. Seyfor is jointly owned by the Slovak investment firm Sandberg Capital and Czech entrepreneur Martin Cígler. The company was founded in the Czech Republic in 1990 as Cígler Software and operated under the Solitea brand between 2017 and 2022.

Concorde MB Partners acted as exclusive transaction advisor to the Seller.

On June 18, 2025, the majority sale of Callfactory Group—one of Hungary’s leading call center service providers—was signed with Hungarikum Alkusz Group. The transaction is subject to the approval of the Hungarian Competition Authority (GVH) and will become effective following regulatory clearance.

Callfactory Group, which will continue to operate under the name HUNFactory, has over 30 years of experience in the Hungarian market. The company delivers customer service solutions to key players across various sectors, including insurance, home savings, pension funds, banking, courier services, and plasma centers. In 2024, the Group achieved revenues of HUF 1.9 billion, while the annual premium volume of managed and settled insurance contracts reached nearly HUF 3 billion. With a team of nearly 200 employees, the company handles millions of customer interactions per year and concludes over 31,000 new contracts on average.

Hungarikum Biztosítási Alkusz Group, with revenues exceeding HUF 31.5 billion in 2024, nearly 250 employees, and a network of 1,000 advisors, is the largest and fastest-growing insurance brokerage firm in Hungary.

The transaction brings together two 100% Hungarian-owned corporate groups. While Hungarikum contributes stability, expertise, and transparent advisory services, Callfactory adds technological and operational excellence. Their combined strengths will ensure high-quality, efficient, and scalable customer service capabilities going forward.

Concorde MB Partners acted as the exclusive transaction advisor to the Seller.

• In May 2025, the sale of the strong minority stake in Attrecto Zrt. has closed.
• Attrecto is preparing its domestic and international clients for the new AI-driven era.
• After working with financial investors, the founder-partners and the independent management of Attrecto decided to continue the development of the business with a professional partner GriffSoft, who is a business management system developer.
• Through the transaction, GriffSoft – which serves businesses, fiscal institutions and municipalities – will strengthen its capabilities in the digitalisation field and support the “Moon Landing” project announced last year.

CMBP’s role:

Concorde MB Partners acted as transaction advisor to GriffSoft Zrt.