BDO Hungary Corporate Finance Team acted as the exclusive corporate finance advisor to Westbay on the acquisition of a minority stake in MASPED group, a transport and logistics service provider, from Kautz family.
MASPED (www.masped.hu) was founded 69 years ago. The group’s primary activity is providing logistics services including warehousing, forwarding and transportation, industrial logistics, customs brokerage, exhibition and conference logistics, excise logistics and international moving. MASPED is also very active in real estate having office buildings, industrial properties and development sites in it’s portfolio. The group’s consolidated revenue exceeds € 40 million.
Mr. István Kautz has joined the company in 1971 and worked there until his death in 2017.
The transaction closed on 8 August 2017.