2004 // Kovász GmbH – HU‹ Back to overview
MP Corporate Finance advised the Carinthian plant manufacturer Kresta Anlagenbau GmbH as the exclusive transaction consultant in acquiring the Hungarian companies Dunakenyer AG, Interback GmbH and Kovasz GmbH.
In 2004, the medium-sized bakery Véksey Kft had a market share of less than one percent in Budapest and its surrounding area. The owner Dr. Kralik decided to implement an extensive buy & build strategy to overcome the critical company size by acquiring companies in order to actively drive the consolidation in the industry.
Over the course of implementing his expansion plans, he commissioned MP Corporate Finance to carry out the company acquisitions and to structure and negotiate the necessary acquisition financings. After the financing structure had been determined and the capital was available, in November 2004, the equally sized Kovasz GmbH and the approximately four times bigger Interback GmbH were taken over and integrated. In May 2005, the approximately twelve times bigger Dunakenyer AG was taken over. MP Corporate Finance guided and supported Vécsey Kft throughout the entire financing and acquisition process, from the identification of potential takeover candidates and investors via organising the purchase price funds up to signing and closing of the individual transactions.