In December 2021, the transaction was successfully completed, during which Specton Kft bought out some of its fellow investors from the companies operating the Butlers franchise in Hungary and in Czechia.
The companies represent Butlers, a Germany-based company that manufactures and distributes home furnishings and home decoration products through its franchise-partner companies owned by domestic individuals. The company’s products in these countries can be found offline, in its own store network, but are also available online.
In the process, one of the original founders wanted to exist, one company in part and the other in its entirety.
During the transaction the exclusive transaction advisor was Concorde MB Partners.