Budapest, April 2010
Asseco Slovakai, the Bratislava-based subsidiary of the world’s fifth-largest software company, has acquired a 60% interest in GlobeNet Zrt., a dominant player on Hungary’s healthcare IT market. GlobeNet claims to have the largest portfolio among Hungarian companies that offer IT solutions for the healthcare sector, providing services for over 60 local healthcare institutions, primarily via its MedWorks integrated IT system. GlobeNet posted HUF 854.6 million revenues in 2009 and currently employs 51 people. Multinational Asseco Group is among the largest software developer and IT solutions companies in Europe. It revenues totalled EUR 430 m in 2008 Group members provide integrated and innovative IT solutions for the banking, financial, public and healthcare sectors, as well as for small and medium-sized enterprises. MB Partners acted as the advisor of Globenet Zrt. in the transaction.
Acquisition of Datacon Hungary
Budapest, August 2009
STS Group Zrt., one of the leading renewable energy plant planners and contractors in Hungary, aquired 100 % share in Datacon Hungary Kft. from BE Semiconductor Industries N.V. (”BESI”), a public limited group, headquartered in the Netherlands. Datacon Hungary produced and assembled parts of chip implanting machines to BESI Group as well as external procurers. BESI Group supplies integrated semiconductor assemblies, which provide the electronic interface and physical connection between the chip and other electronic components and protect the chip from the external environment. MB Partners acted as the M&A advisor of STS Group in the valuation and due diligence of Datacon Hungary as well as the realization of the transaction.
The sale of Dunaweb Kft to Fibernet Zrt.
Budapest, January 2009
FiberNet Communication Zrt., Hungary’s third biggest and most dinamically developing cablenet electronic newscast services provider, aquired 100% share in Dunaweb Telecommunication Zrt., headquartered in Vác, Hungary. Business shares of Profinter Kft. owned by DunaWeb give basis of the transaction, too. DunaWeb has more than twelve years ’experience in the field of telecommunication services. The company is the domestic leader in the market of wifi internet service providers with the number of 10 000 wireless internet subscribers in 350 towns and villages. The domestic leader position and the geographically diversified infastructural coverage ensures an outstanding opportunity to FiberNet, which provides services basically via cablenet, to expand the company’s services portfolio. MB Partners acted as the advisor of DunaWeb Kft. in the transaction.
Outscourcing of services business unit of Siemens Enterprise
Budapest, July 2008
Siemens Enterprise Hungary Kft., the leader domestic business communication solutions supplier and system integrator chose Young BTS Kft. to operate its maintenance services division in the future. Enterprise Services Hungary Kft., starts the operation on 1st July 2008., provides high quality technical services and support for the clients of Siemens Enterprise with exclusive right as well as ensures the smooth functioning of the maintained clients’ PBX systems. Siemens Enterprise keeps the client contracts and Young BTS Kft. is going to be its exclusive subcontractor. Siemens Enterprise Communication provides henceforward the service of extant and future clients of Siemens Enterprise as well as the quality insurance and the project management. MB Partners contributed to the selection of the new owner of Simenes Enterprise’s maintenance services division and participated as the financial advisor of the sellers in this transaction.
MBO of Szabadics
Zalakaros, 26 March, 2008
Szabadics Public Works and Civil Engineering Zrt. Received a HUF 2.5 billion loan to refinance a substantial part of the enterprise value of the company and to allow that two independent management team members, Tamás Kovács, Finance Director and Zotmund Alpár Vida, Technical Director, to become shareholders in the company. As a result of this transaction the earlier completely family owned company will be similarly organized and managed as its multinational competitors. At the same time an asset management holding company was created in the Szabadics group, which will now have enough capital to execute the acquisitions set out in the MB Partners acted as financial advisors to the owners of Szabadics Zrt. in this transaction.
Acquisition of Gulliver Kft. by a Private Equity
Budapest, 19 December 2007
Toy Group Kft, a 100% subsidiary of KBC Private Equity N. V. acquired Gulliver Kft and Star Toys Kft. Gulliver Group, with 2007 sales in excess of EUR 20m, is the leading Hungarian toy wholesaler and Star Toys is a leading retailer, under the Bambini brand. The company has distributed leading international toy brands on the Hungarian market since 1989, and today operates 5 Cash&Carry and 15 retail shops.
KBC Private Equity will finance Gulliver’s to further expansion in Hungary and in the neighbouring countries.
Magánbankár Kft. has exclusively advised the sellers on this Transaction.
Acquisition of Goodwill Research Kft.
Budapest, 19 September 2007
Pierrel S.p.A, an Italian pharmaceutical company specialising in Contract Research, development and manufacture of pharmaceuticals, listed on the Milan’s Stock Exchange purchased Goodwill Research Kft. a Hungarian contract research organisation focusing on phase 1-3 activities. Goodwill Research, founded in 1997, operates in Hungary, Slovakia, the Czech Republic, Bulgaria and Romania serving a multinational clientele including AndiVentis, Novartis, Roche and Richter.
By taking over Goodwill Research with annual sales of EUR 3m, Pierrel has extended its geographic coverage to the CEE region. Magánbankár Kft. acted as the exclusive financial advisers to the sellers in this Transaction.
Dunakanyar Holding acquired Drávanet Zrt.
Budapest, 18 September 2007
Drávanet Zrt, a dominant internet service provider in Baranya County was purchased by Dunakanyar Holding Kft. a leading cable tv operator and ISP in Central Hungary. Drávanet, established by individuals and as an independent provider, renders broadband internet access services.By taking over Drávanet, Dunakanyar acuired a company with 3000 clients and annual sales of EUR 1.4m in Southwest Hungary.
Magánbankár Kft. exclusively advised the sellers in this transaction.
The Jászberény Steel Foundry was bought out by its management
Jászberény, May 2007.
In parallel with the sale of Aprítógépgyár Zrt (AGJ), AGJ and its main owner, AG-MBO Kft, sold the jointly owned Jászberényi Acélöntöde Kft (JÖNT).
AG-MBO acquired its stake in JÖNT after the financial difficulties of the Company's former German owner. A management team was appointed to turn the loss making foundry around. According to the expectations of the new management team, JÖNT would be profitable this year and would step to a growth path.
Magánbankár acted as exclusive financial advisor to the sellers.
Finnish steel giant Ruukki acquired a Hungarian engineering company
Jászberény, April 2007.
The Engineering division of the Finnish Rautaruukki Oyj (“Ruukki”), which supplies metal-based components and systems to the construction and mechanical engineering industries, acquired majority stake in Aprítógépgyár Zrt, the leading Hungarian heavy engineering machine component manufacturer. Ruukki Engineering is specialised in the production of lifting, handling and transportation equipment. Buy acquiring Aprítógépgyár with a turnover of EUR 45M and 740 employees, Ruukki further broadens its clientele in the Western European earth moving and material handling machine market. At the same time, Aprítógépgyár gets a world class professional partner, which is committed to the long term development of the factory. On the day of the announcement of the deal, Ruukki’s market capitalization increased by 2.5% (roughly EUR 135 million). Magánbankár has exclusively advised the sellers on this Transaction.
Cash outtake from a leading Hungarian industrial company
Oktober, 2006
As exclusive advisor, Magánbankár helped the owners of a consumer product manufacturer in the implementation of an unusual financial transaction.
Commerzbank provided EUR 12.9 million senior financing for the deal, which enabled the owners to take out cash from the company to finance investments in other countries.
Total financing exceeded 4 times EBITDA (Earnings Before Interest, Taxes, Depreciation and Amortization) and 2 times book value. Financing was secured by the assets and cash flow of the company, without involving any external collateral.
Bouygues acquired Szigma-Coop Kft in Győr
Győr, 2006. október 17.
ETDE, the electrical design, construction and maintenance services subsidiary of Bouygues Construction group acquired a leading Hungarian mechanical engineering HVCA contractor and Facility Manager company.
Szigma-Coop had EUR 25 million turnover in 2005, and employed around 100 people. The Company is primarily active in the region of Budapest and in Western Hungary.
ETDE entered the fast growing Central European market by this acquisition. Its declared goal is to build a subsidiary in Hungary, which is able to supply in the areas of energy supply systems, public lighting, electronic and thermic systems.
The buyout of Szarvasi Vasipari Rt
Szarvas, June 2006
Szarvasi Vasipari Rt, with more than 50 years experience, is specialised in the production and distribution of lighting products and household machines. Vasipari is one of the most important European lighting supplier of IKEA. and the "Szarvasi "coffee maker, produced by the company is popular in the whole country.
Vasipari Rt’s turnover exceeded EUR 12 million in 2005 and generated strong cash flow.
Magánbankár Financial Advisory Kft initiated the transaction and acted as exclusive financial to the parties in the Transaction.
est, 18 September 2007
Jászberény, May 2007.
