Hungary’s BorsodChem chemicals group has secured a sizable amount of funding to help stabilize its liquidity and build a new production facility. The funding comes by way of an initial €30 million financing package from China’s Wanhua Industrial Group designed to help BorsodChem restructure its current debt load. Once restructuring is complete Wanhua may exercise an [...]

FHB Jelzálogbank Nyrt (FHB) chairman Zoltan Speder ended the 2009 year on a high note, buying 2.5 million ‘A’ series shares of the bank’s stock through a standard OTC transaction. After paying € 3.9 per share for a total transaction amount of € 9.75 million, Speder has increased his stake in the bank to 16.75 [...]

In a move recently approved by Hungarian regulatory officials, VCP Capital is on course to double its ownership stake in FHB Jelzálogbank Nyrt (FHB). VCP acquired nearly 20% of the Hungarian bank back in June of this year through a purchase from HSBC Bank plc; a deal that was originally struck in 2007. The government approval allows [...]

The owner of Hungarian chemical company Borsodchem has two potential investments on the horizon as it seeks to restructure the company’s debt. The first investment comes via Chinese firm Wanhua Industrial Group who is in talks with Permira to acquire a stake in Borsodchem. Wanhua has already purchased upwards of €200 million worth of mezzanine debt from [...]

Vienna Capital Partners (VCP) has announced the acquisition of 3,175,000 ordinary shares of FHB Jelzálogbank Nyrt.(FHB), increasing its stake in the Hungarian bank to nearly 20%. The shares were purchased from HSBC Bank plc (HSBC) as part of an agreement reached in late 2007. VCP has been monitoring the performance of FHB over the last two [...]

Hungarian lender FHB Mortgage Bank is set to receive a substantial amount of new capital from the state. Drawing from the International Monetary Fund’s HUF 600 billion bank-rescue package, the Hungarian government will invest HUF 30 billion in FHB, increasing its current stake in the company from 4.11% to 43.57%. In conjunction with the new [...]

Belgrade-based publishing house that issues Blic, 24sata and Alo! has been sold by Vienna Capital Partners to Swiss majority stakeholder Ringier. The deal includes a transfer of 25.1 percent of shares to Ringier. Further details of the transaction have not been revealed. Vienna Capital Partners will look for new investment opportunities in the Central European [...]

Vienna Capital Partners has announced it will acquire a 38 percent stake in Kapsch Telematic Services s.r.o., a Czech toll operator. The Austrian-based financial investor teamed with UniCredit CA-IB in a share purchase transaction to acquire the minority stake. Kapsch Telematic Services GmbH will retain the remaining 62 percent of the shares. The deal will [...]

VCP, through its local unit VCP Finanz Kft., acquired 10.33% of FHB Jelzálogbank Nyrt. FHB Jelzálogbank Nyrt (www.fhb.hu) FHB is a financial institution with retail and a wholesale business line. FHB grants loans directly to private individual sand house builders. FHB has 13 own branches, more than 4,000 individual agents (insurance companies, independent agencies, Bausparkasse [...]

Vienna Capital Partners increased its stake in NCL Media Grupa to 75%. The transaction was co-financed by the South-German publisher DDr. Alex Diekmann as a private investment. NCL Media Grupa d.o.o. (www.nacional.hr) The Group with its weekly “News” is market leader in free newspaper publishing and holds a leading position on the Croatian market, with [...]

VCP Capital Partners, through its subsidiary CE Oil & Gas Beteiligung und Verwaltung AG, exited its entire stake of 31.56% in Tiszai Vegyi Kombinát Nyrt to Mayfair Investcorp. Ltd. Tiszai Vegyi Kombinát Nyrt (www.tvk.hu) As one of the leader on the CEE polyethylene and polypropylene market, TVK is active in the following core lines of [...]