History of Concorde MB Partners

We are proud of the fact that besides advising on M&A matters we executed an acquisition and a merger in our own field of activity.

Concorde MB Partners was established on 1 October 2015 by merging the teams and operations of Concorde Vállalati Pénzügyek and MB Partners. Concorde MB Partners is an independent Hungarian-owned advisory firm in the field of transactions having several decades of experiences, operating in line with the international best practice.

Concorde Vállalati Pénzügyek was established in 1993 as a subsidiary of Concorde Értékpapír, one of Hungary’s largest independent investment services providers. The team of Concorde Vállalati Pénzügyek has an unparalleled history in the context of transactions regarding all types of corporate finance transactions: public offerings, commissions for corporate sales and acquisitions, and capital raising. The number of its transactions made over the past 15 years is close to 100, and their total value exceeds HUF 1,000 billion. The team of Concorde Vállalati Pénzügyek used to be an active member of the international network M&A International during its operations so far.

MB Partners was established in 2002 as an advisory firm for the transactions of Hungarian small and medium-sized enterprises. Since 2006, he has also been the publisher and editor of Goodwill, a two-monthly magazine unique in the domestic market, specializing in corporate finances and transactions. The company is a specialist in transactions under EUR 30 million and is the market leader in Hungary in terms of the number of transactions executed. The staff has internationally tested and measurable experience in corporate sales, corporate acquisitions, corporate valuation and finance management. Following the departure of its founder, István Préda, at the end of June 2013, MB Partners became a member of the Oriens financial group. Since then, MB Partners has continued with its unchanged team, while maintaining its operational and professional independence and taking full advantage of the parent company’s support.

The merger of Concorde Vállalati Pénzügyek and MB Partners is a major event for the entire domestic transaction advisory profession, too. The Hungarian M&A market has been characterized by large transactions by foreign buyers for most of the past twenty-five years, while domestic SMEs as buyers or sellers have played only a marginal role. However, with the rise of the economic importance of Hungarian SMEs and the diminution of large acquisition targets favoured by foreigners, the transaction market also changed: the importance of the domestic SME sector has started to grow sharply over the past five years. The merger of Concorde Vállalati Pénzügyek, perhaps the best known expert in large acquisitions and capital market transactions, and MB Partners as the number one player in SME oriented transaction services is a real watershed. Concorde MB Partners is the first domestic company with decades of experience and undisputed expertise in all important segments of the market.

Before the merger, between 2011 and 2015, there have been three mid-market focused competing M&A franchises in Hungary; that being part of Oriens, belonging to Wells Fargo’s international network and having office in Budapest, Warsaw and Singapore; MB Partners, part of the IMAP network and Concorde Corporate Finance, part of M&A International / Oaklins. In 2013, Oriens (the asset management company, not any of the Funds run by Oriens) acquired MB Partners, the firm, that later merged with Concorde Corporate Finance.