In May, 2021, the MBO transaction involving Bankmonitor Kft has been successfully closed in which the management was supported by HiVentures as equity partner.
Bankmonitor Kft. started as a webpage comparing banking products, and today, with the help of its self-developed calculator, thousands of products of more than 30 banks and financial service providers can be compared via its online interface with a few clicks. Other user-friendly features include the ability to request an online quote for mortgage, personal loan, baby loan or bank account opening, and personal loan disbursement and bank account opening are now 100 percent digital.
During the process, EuroVentures, the former partial owner and its investor partners wanted to exit the company.
Concorde MB Partners acted as the MBO team’s exclusive transaction advisor.