Budapest – Corporate Finance International (’CFI’) is pleased to announce that they acted as financial advisor to Trevelin Holding Zrt. in the acquisition of 24% of the shares in Waberer’s International Nyrt. from Mid Europa Partners, and also granted a call option for the remaining 47,99% share.
Trevelin Holding Zrt. is a unit of the Hungarian real estate group of Indotek. Indotek Group appeared on the domestic real estate market more than two decades ago and is now one of Hungary’s most important investment managers. Indotek Group has an extensive experience in turn-around management and growth of companies, as well as a significant portfolio and expertise in logistics real estate.
It is part of the Indotek Group’s business strategy to invest in companies in difficult economic situations due to the spread of the coronavirus, to restructure and put them on a growth path, thus increasing their value. The investment group wants to make the most of the synergies between the two companies and sees the business as a long-term strategic investment, but does not want to gain a controlling majority in the company.
Waberer’s is a leading European provider of international full truckload (“FTL”) transportation, market leader in domestic freight and complex logistics services in Hungary and it has a strong position in the Hungarian non-life insurance segment.
The transaction closed on 25 March 2021.
has sold a minority stake to
€ 5 500 000
Medium-Term Loan Facilities