On 10 April 2024, the sale of the 100% stake of Julius-Globe Kft. to NAVIGATOR Investments Plc. was successfully closed.

Julius-Globe Kft., founded in 1998, is engaged in the design and construction of equipment and precision CNC machining. Located in Győrújbarát, its 1700 sqm plant is equipped with modern machinery and produces nearly 60% of its products for export. Throughout its operations, it has been able to build long-lasting and strong customer relationships as a result of the high quality of the production offered by the Company. Among its customers are major international companies such as Siemens, Körber Group, Schaeffler Group, Koenig&Bauer Group, Coperion Group, Bridgestone and Audi.

NAVIGATOR, which operates on the BSE Xtend market, is first and foremost a holding company specialising in private equity investments, corporate finance and strategic management of generational change solutions.

As an investor, NAVIGATOR primarily acquires and manages industrial manufacturing companies, and has also managed the listing, share issue and capital increase of several companies as a BSE Xtend Nominated Adviser (NOMAD). With the acquisition of Julius-Globe Kft., NAVIGATOR is pursuing its strategy adopted at the time of its IPO to build and operate a significant industrial manufacturing group through acquisitions. The transaction has resulted in the addition of a dynamic and growing engineering company with state-of-the-art manufacturing technology and innovative R&D activities to NAVIGATOR’s portfolio.

Concorde MB Partners was the exclusive transaction advisor of the sellers.

In March 2024, the sale of 100% of the shares of Pandan Kft., a leading Hungarian flexible packaging manufacturer, to a Hungarian private investor was completed.

Pandan Kft. has been a major player in the Hungarian packaging industry for almost 30 years. With its continuously renewed machinery, it offers its customers a wide range of flexible colour printing solution, including various films and pouches, and has a stable export sales. Among its customers there are players of the meat, dairy and confectionery industries.

The company was acquired from two private owners by a Hungarian private investor. Concorde MB Partners acted as exclusive transaction advisor to the Sellers.

In March 2024, the sale of 100% of the shares of Szőllős Investment Kft. to Vistin Pharma ASA was successfully closed.

Szőllős Investment Kft. was founded in 1996 and is a holding company active in the pharmaceutical industry.

Vistin Pharma ASA is a Norwegian based, listed holding company operating through its subsidiary Vistin Pharma AS, a pharmaceutical manufacturing company. The Company is a leading manufacturer and supplier of active pharmaceutical ingredients used in diabetes medicines.

The acquisition of Szőllős Investment Kft. is the first step for Vistin Pharma to become one of Europe’s leading multi-product API development and manufacturing organisations by increasing its product portfolio in line with its long-term strategy.

Concorde MB Partners was transaction advisor of seller.

The owners of Béker-Soft Informatika Kft. sold 100% of the Company’s shares to Vesta Software Group in February 2024. Béker-Soft is a key player in its sector in Hungary, providing holistic IT services, has been operating since the mid-1990s.

Béker-Soft provides software development, implementation and maintenance services, as well as hardware infrastructure installation and operation services, primarily to medical clinics and a few hospitals in Hungary, with its flagship products being the FŐNIX-Pro Health Information System and DIVAS-PRO Picture Archiving and Communication System (PACS).

The buyer, Vesta Software Group, acquires, manages and builds software companies in various vertical markets and is part of the Jonas Software Group, the subsidiary of Constellation Software Inc, listed on the Toronto Stock Exchange. Béker-Soft is Vesta’s first investment in Central Europe. The founders have kept their top-management position in the Company following the transaction.

Concorde MB Partners acted as the exclusive transaction advisor to the owners of Béker-Soft during the sale process.

In January 2024, the sale of 100% stake of a leading player on the Hungarian civil engineering market, to a member of the company’s management has been successfully closed.

The Company’s stake has been purchased by a leading manager of of the company who played a key role in the recent past in the daily operation of the company, and who will take over the full day-to-day management on an ongoing basis with the support of the exiting owner.

Concorde MB Partners was the exclusive transaction advisor of the sellers.

On 18 December 2023, the sale of 100% of the quotas of Thermowatt Kft. to Veolia Group, GloCap I. Gazdaságfejlesztési Magántőkealap and Trustify I Magántőkealap closed.

Veolia Group companies in Hungary and Poland have acquired a majority stake in THERMOWATT Energetikai és Építőipari Kft., a company developing an innovative technology for the recovery of thermal energy from wastewater. Further stake was acquired by GloCap I. Gazdaságfejlesztési Magántőkealap, managed by Global Capital Kockázati Tőkealap-kezelő Zrt., and by Trustify I Magántőkealap, managed by Trustify Investment Management Zrt.

THERMOWATT Energetikai és Építőipari Kft., founded in 2007 and based in Budapest, is a company specialising in engineering design and energy consulting, as well as the construction and operation of a CO2-free technology based on heat exchangers and heat pumps using waste water heat for heating and cooling buildings.

THERMOWATT’s innovation has won several awards and the company now holds registered, wholly owned patents in 37 countries. This technology is quick and easy to deploy and operate and offers an environmentally friendly and economical solution for energy independence and safety. There are currently 5 such systems in operation in Hungary with capacities ranging from 1 MW to MW.

Concorde MB Partners was transaction advisor of sellers.

Goodwill Pharma Plc. has increased its share capital in the form of a private placement raising HUF 1.3 billion new capital from investors. The Budapest Stock Exchange registered the new shares in the Xtend category on December 20, 2023.

Goodwill Pharma Plc. is a Hungarian integrated pharmaceutical public limited company established in 1997. The Company has manufacturing capacity in Hungary and Serbia and sells products in 10 other countries through subsidiaries and distribution partners focusing on Central and Eastern Europe and the Balkans. The Company’s own-manufactured and licensed medicines and dietary supplements play a growing role in its sales activities.

Concorde MB Partners, as nominated advisor, has provided financial advisory to Godwill Pharma Plc. for the private placement and the registration of shares in the Xtend category of the Budapest Stock Exchange.

“Financial advisory is like heart surgery. You are looking for the best and not the cheapest expertise. We have found it at CMBP.” – Dr. Ferenc Jójárt, founder and CEO of Goodwill Pharma Plc.

Számlaközpont Zrt. is one of the leading providers of electronic invoice issuing in Hungary, who develops and offers e-invoicing solutions primarily for B2B customers using ERP systems.
Since 2010, Számlaközpont Zrt. had received continuous support from X-Ventures Alpha Zrt. through its venture capital funds for the development of the activity. In order to provide further growth opportunities for Számlaközpont, the 50% stake in the Company held by the financial investor was sold to GriffSoft Zrt., an administration system developer. The 50% shareholder-founders stayed on board.
GriffSoft is focusing on budgetary institutions and local governments besides corporate clients. The transaction enables GriffSoft to strengthen its presence in B2B e-invoicing segment, while Számlaközpont gains support for further growth and international expansion.

In November 2023, the euro denominated shares of Shopper Park Plus Plc. were introduced to the premium category of the Budapest Stock Exchange. Both the institutional bookbuilding and the public sale of shares were successful, and Shopper Park Plus has issued a total of 3 445 618 new shares, which covers the planned capital raise of EUR 37.21 million.

Shopper Park Plus owns, directly and through its subsidiaries, a portfolio of 4 retail properties in the Czech Republic and 14 retail properties in Hungary. In total, it has a gross lettable area of more than 320,000 m2 shared by nearly 1,000 tenants. In the short term SPP aims to become a REIT, while in the long term SPP targets further expansion to become the owner and operator of a leading retail park portfolio in the Central and Eastern European region. One of Adventum’s investment funds holds a stake in SPP through a subsidiary.

The Concorde Group was joint lead manager and bookrunner of the IPO of Shopper Park Plus Plc.

“The IPO process was a long and busy period with some unexpected turns. The colleagues at Concorde MB Partners always put the success of the transaction and our, the client’s, interests first. Their perseverance and professionalism contributed to the success of the transaction in a great deal. We are grateful for their cooperation.” – Kristóf Bárány, founding partner of Adventum

In September 2023, Hiventures Venture Capital Fund Management Zrt., PLT4080 Befektetési Holding Kft. and an Asian investor raised HUF 587.125.000 capital in Innovatív Térburkolatfejlesztő Kft. (PLATIO Solar). PLATIO Solar is a green-tech company, its main activity is the production of solar pavement.

PLATIO is an innovative solar pavement solution a double green building material that not only generates clean energy but it is also environmentally friendly as its base is made of recycled plastic. PLATIO solar paving solution makes the solar technology part of modern architecture. It provides a new clean energy source for homes, green companies, and smart cities and even offers e-mobility solutions. The Company is represented currently in 37 countries. The product is proven with 30+ successful installation all over the world.

The company raised capital to support its growth from Hiventures Venture Capital Fund Management Zrt. and PLT4080 Befektetési Holding Kft. who had ownership in the Company prior to the transaction, and from the new investor. Concorde

MB Partners acted as the exclusive transaction advisor to Innovatív Térburkolatfejlesztő Kft. (PLATIO Solar) during the capital raise process.

On 1 August 2023, UBM Holding acquired a minority stake in Mangal Ilona Sertéshizlalda Kft., a pig fattening integration company with an annual output of 150,000 pigs. With this acquisition, UBM has further expanded its agribusiness portfolio beyond feed production and crop trading. Concorde MB Partners acted as exclusive transaction advisor to UBM Holding.

Mangal Ilona Sertéshizlalda Kft. was established in 2002 and is active in the rearing and fattening of pigs. Over the past 21 years, the company has grown steadily, both through integration and by developing its own plant in Kapolya.

UBM Holding is listed on the Budapest Stock Exchange and is one of the largest agricultural companies in Hungary. With this acquisition, it has taken a major step towards achieving its strategy of producing 350-500 thousand pigs annually by the end of the 2025/26 financial year.

“We are working with CMBP for years now. As every time, we had an exceptional experience with their services during our recent strategic acquisition. Their expertise and dedication were invaluable in navigating the complexities of the deal, helping us close it successfully. With their experience and transparent communication they played a crucial role in achieving our growth objectives. We are grateful for their outstanding service and genuine partnership, and look forward to continuing our fruitful association in the future.” Péter Horváth, CEO, UBM Holding

On July 19, 2023, the sale of the Szarvas Biogas Plant, owned by BayWa AG, was completed, with the MOL Group as the acquiring party. The exclusive transaction advisor for BayWa AG was Concorde MB Partners.

The Szarvas Biogas Plant is Hungary’s largest facility of its kind, producing over 12.5 million cubic meters of biogas annually. Operating under a diversified business model, the plant generates electricity and also generates revenue through the sale of fertilizers and green energy certificates.

BayWa AG is a multinational company based in Germany, providing a wide range of services in the agricultural and energy industries. Established in 1923, the company engages in the trading of agricultural products, agricultural participation, logistics, and the development of renewable energies. BayWa AG continually strengthens its position in the sustainable energy market, contributing to food security and the adoption of new green energy sources.

The MOL Group is Hungary’s leading oil and gas company, operating in various countries and regions. Their activities encompass oil and gas production, refining, fuel trading, and the chemical industry. Emphasizing the development and utilization of renewable energy sources, the acquisition of the Szarvas Biogas Plant represents another step for MOL towards sustainable energy usage and the promotion of green energy production while reducing greenhouse gas emissions.

“We are extremely pleased with the exceptional service provided by Concorde MB Partners during our collaboration. The team demonstrated remarkable accessibility and seamless communication, ensuring swift progress throughout the project. Their thorough preparation and follow-up for crucial meetings showcased their professionalism. We appreciated the successful market approach, yielding outstanding results. Despite a few minor hiccups in the process, Concorde MB Partners addressed them diligently and maintained a stable and amiable team dynamic since the initial pitch. Driven by their expertise and dedication, we highly recommend Concorde MB Partners to others seeking top-notch financial advisory services.” – Dr. Jörg Wössner, BayWa AG

We are pleased to announce that at the beginning of June 2023, the process of Dr. Viktor Nyíri’s investment group acquiring a stake in Győr-based Attrecto Zrt. was completed. Concorde MB Partners supported the investor in the investment process in the company.

Attrecto Zrt, founded in 2010 and currently employing more than 50 people, is a major player in the Hungarian IT development market. With offices in Győr and Budapest, it provides software design and development services in web and mobile environments.

Dr Viktor Nyíri is no stranger to the company as an investor; the investment fund he manages was previously the owner of Attrecto; his exit was made in the context of an MBO (Management Buy-out). The investor’s return to the company was due to a change in the company’s strategy. As Gergely Kiss, the company’s founder-owner, puts it, ” Since the launch of chatGPT, AI technologies have received significant publicity and the market is changing and evolving extremely rapidly. At Attrecto, we have been intensively involved in AI applications for several years and have gained world-class knowledge. Our goal is that, together with the new investor, Attrecto will become a major player in this market, both domestically and internationally”.

The Concorde MB Partners team, led by Gábor Szendrői, was the exclusive transaction advisor to Dr. Viktor Nyíri’s investment group.

In April 2023, the sale of one of the oldest brands in the domestic durum pasta segment, the Durillo product family of Cerbona Élelmiszergyártó Zrt. to Balogh Tészta Zrt. was successfully closed.

The Durillo product family has been the dominant brand in Cerbona’s product portfolio for more than 20 years within its own product category. The wide range of products made from durum flour can be found in Spar, Tesco, CBA and Reál stores. Cerbona wanted to sell this business to streamline its product portfolio.

The assets and contracts related to this activity were acquired by Balogh Tészta Zrt. which has been Cerbona’s exclusive contract manufacturing partner for the production of Durillo products for the last 8 years.

The transaction will enable Balogh Tészta to expand its product portfolio towards a more popular product category with significant brand value and will also allow it to broaden its customer relationships.

CMBP was the exclusive transaction advisor of the owner of Cerbona Zrt.

On December 16, 2022, an agreement was signed to sell Khell-Food Kft, the market leader in the production of sandwiches in Hungary, to Orkla Foods Europe a Norway-based company.

Founded in 1992 and currently employing more than 160 people, Khell-Food Kft. is a leader in the production of fresh sandwiches in Hungary. Products are manufactured in its modern production facility in Budaörs, and are sold through its own nationwide cold-distribution network, mainly to fuelling stations and food retail chains. About 70 percent of the company’s products are sold under the Khell-Food brand.

Orkla Foods Europe, headquartered in Norway, is a leading consumer goods company, currently operating in 10 countries with approximately 6,500 employees and annual sales of NOK 17.3 billion in 2021.

The acquisition of Khell-Food will be made through Orkla Foods Česko a Slovensko, part of Orkla Foods Europe. The acquisition will enable Orkla to achieve further growth within the Out of Home channel, in line with its strategy of successfully operating similar product lines in the Czech Republic and Slovakia.

The agreement has been approved by the Hungarian authorities and the transaction has been closed in February 2023.

Concorde MB Partners was the exclusive transaction advisor of the seller.

In October 2022, the sale of the 100% stake of Tűzállótechnika Kft. to a group of Hungarian private investors was successfully closed.

Tűzállótechnika Kft. has been engaged in the production, assembly and maintenance of refractory linings and pertinent steel structures related to industrial furnaces, boilers, incinerators or other heat engineering equipment. Over the past 30 years, the Company has grown into a leading player in its industry in Hungary, providing complex solutions in a field that requires special knowledge. The Company’s high professional standards are recognized not only on the domestic market but also internationally, with its products being exported to Western Europe, especially Germany.

Prior to the transaction, the Company was owned by one of the founding Hungarian private individuals and his family, whose shares were sold to a group of Hungarian private investors.

Concorde MB Partners was the exclusive transaction advisor of the sellers.

In August 2022, the sale of the assets and contracts related to the activities of Nyírfacukor Kft, the most important sugar substitute product manufacturer on the domestic market to Lissé Kft. was successfully closed.

The Company was founded in 2008 with to distribute birch sugar, a modern and natural alternative of sugar. The Company sells its products under the well-known Nyírfacukor and Oligo Life brands for all food retail chains operating in Hungary.

The three-time MagyarBrands and one-time SuperBrands award-winning products are available on the stores’ shelves with an ever-expanding range. Besides erythritol-based sweeteners, the Company’s product portfolio currently includes houshold purpose confectionary products, breakfast products and snacks.

The assets of the Company were purchased by Lissé Kft., which deals in the production of seasonal confectionery products and premium category sweets. Its products can be found on the shelves of almost all multinational reatail chains, private domestic food chains, wholesale stores, and petrol stations.

As a result of the transaction Lissé can expand its product portfolio to the direction of an increasingly popular product category and it also has the opportunity to broaden its customer relationships.

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

In June 2022, Webshippy Kft. successfully raised 3 million EUR capital from a circle of investors led by the venture capital fund Day One Capital. Concorde MB Partners acted as exclusive transaction advisor to Trans-Sped Kft. − a significant minority shareholder of Webshippy – supporting the financial and business negotiations, and the closing of the transaction.

Over the past years Webshippy has become market leader in the e-commerce fulfillment logistics sector with 50% market share in Hungary. Webshippy is planning to use the received capital to further developing its services and to expand internationally.

Day One Capital is one of the most successful venture capital funds in Hungary, providing not only financial but also professional support for Webshippy’s international expansion. Besides Day One, the round was also joined by private investors such as Gábor Szórád, former European Director of DeliveryHero (formerly Netpincér) and Anton Kovách, founder of Shiwaforce, one of the most successful Hungarian technology companies.

Trans-Sped Kft. started out as an international freight forwarding company in 1990, but since then it developed into a complex logistics service provider. Its service portfolio includes both transport, freight forwarding, warehousing, customs clearance and value-added logistics activities, as well as serving larger customers requiring complex logistics solutions in e-commerce fulfillment. Trans-Sped Kft is a significant minority shareholder and an important professional partner of Webshippy enabling the two companies to complement and strengthen each other in the market.

In May 2022, 100% stake in Intergraf Digiflex Kft. has been sold to a Hungarian private investor.

For almost 40 years, Intergraf Digiflex (in itself and via its legal predecessors) has been a stable and reliable partner of the largest packaging companies, the Hungarian flagship of flexo plate making, producing printing plates for corrugated and flexible packaging. Their outstanding quality, maintained through a strict quality control system, is recognized by FlexoExpert certification; while the value of its unified production processes is also acknowledged by the ever-growing orders from the industry leaders. The Company uses state-of-the-art software, equipment and technologies to provide a full range of services, from press-specific flexographic preparation to delivery of finished products, in close collaboration with its clients. The Company has been owned by the four founding families.

The buyer aims to rely on the Company’s highly qualified senior executives and the experience of loyal colleagues going forward.

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

In March 2022, Concorde Befektetési és Eszközkezelő Zrt. successfully sold its stake in HOLD Alapkezelő Zrt. (Company) to its management (Management Buy-Out).

Concorde Befektetési és Eszközkezelő Zrt. is a holding company of the owners of Concorde Értékpapír Zrt.., which manages the non-consolidated financial investments related to the company group.

HOLD Alapkezelő Zrt. is the largest independent investment fund manager in the Hungarian market with more than HUF 400 billion in assets under management. The clientele of HOLD consists mainly of Hungarian and foreign institutions, as well as domestic and foreign individuals.

The buyout provides an opportunity for the management to build on the Company’s strong fundamentals, further develop its operations and exploit its growth potential by expanding its customer base and further broadening its competencies.

The transaction advisor of Concorde Befektetési és Eszközkezelő Zrt. was Concorde MB Partners.