IMAP Hungary-MB Partners and Concorde Corporate Finance merge
IMAP Hungary-MB Partners and Concorde Corporate Finance have merged to form Concorde MB Partners, offering M&A advisory services in Hungary.
The new company has several decades of transactional experience and expertise, both in the large capital markets segment and private transactions (Concorde) and the SME segment (IMAP Hungary-MB Partners).
The merger reflects the significant changes that have occurred in the Hungarian M&A market since the early 2000’s following in the steps of the German economy. There, the key to competitiveness is not based on larger companies, but by locally owned mid-sized companies scattered around the countryside “Mittelstand”. The birth of Concorde MB Partners is a manifestation of this trend whereby mid-sized company focused boutique advisors as opposed to investment banks, who are struggling to find a sustainable business model, now dominate the market.
Jurgis Oniunas, Chairman of IMAP, says “We are extremely pleased to welcome the Concorde Corporate Finance team aboard IMAP and congratulate them and MB Partners on forging this important alliance. Bringing together two highly skilled and accomplished teams, IMAP Hungary now provides an enhanced service offering across the market segments. Moreover, as financial market leader, it is perfectly positioned to service the rising Mittelstand market, further extending its vast client reach.”