| 2009 News | |
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| Advent International launches public tender offer for 100% of Wydawnictwa Szkolne i Pedagogiczne | |
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| Vienna Capital Partners acts as the lead financial adviser Warsaw, November 6th, 2009 - Advent International, a leading global private equity fund, announced today a public tender offer to acquire 100% of Wydawnictwa Szkolne i Pedagogiczne S.A. (WSiP), the largest Polish educational publisher. Pahoa Investments Sp. z o.o., a company indirectly wholly owned by funds managed by Advent International, announced today a public tender offer for all outstanding shares in WSiP (the Offer). WSiP has been listed on the Warsaw Stock Exchange since November 2004. | |
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| 06.11.2009 | |
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| BorsodChem management, owners reach agreement with Wanhua | |
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| Budapest, October 15, 2009 (MTI-ECONEWS) - The managementof Hungarian chemicals company BorsodChem and its majority owner Permira have reached an agreement, in principle, with China's Wanhua Industrial on Wanhua's mid-term role as a minority owner and on the approval of a restructuring of BorsodChem's loans supported by its lenders and the Hungarian government, BorsodChem told MTI on Thursday. | |
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| 16.10.2009 | |
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| BorsodChem: Agreement in principle with Wanhua Industrial signed | |
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| Budapest, 15 October 2009 – After three days of intensive negotiations, the management and the majority shareholders of BorsodChem signed an agreement in principle with representatives of Wanhua Industrial, a China based holding, which controls Yantai Wanhua. The term sheet governs the agreed upon midterm role of Yantai Wanhua as a minority shareholder of BorsodChem as well as the agreement to the company’s debt restructuring plan, which is also strongly supported by the senior lenders and the Hungarian government. | |
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| 15.10.2009 | |
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| BorsodChem: Lenders Back Permira, VCP Majority Ownership | |
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| BUDAPEST (Dow Jones)--Hungarian chemicals company BorsodChem Zrt.'s (BCHEM.BU) main creditors support the current owners of the Hungarian firm retaining majority ownership, the company said Friday. U.K. private equity company Permira and Vienna Capital partners should remain majority shareholders in BorsodChem, the creditor banks made clear after a meeting in Frankfurt Thursday, BorsodChem said in a statement. | |
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| 09.10.2009 | |
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| Wanhua in talks with Permira over Borsodchem | |
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| One of China’s biggest chemicals groups has held talks with Permira about acquiring a stake in a Hungarian company owned by the UK buy-out fund, according to people familiar with the matter. | |
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| 09.09.2009 | |
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| VCP Finanz to acquire 20% of FHB shares | |
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| In its resolution published yesterday, the Hungarian Financial Supervisory Authority (PSZÁF) authorized Austrian-owned VCP Finanz Holding Vagyonkezelo Kft. to acquire a direct qualifying share exceeding 20% but not larger than 33% (20.003%) in FHB Jelzálogbank Nyrt. | |
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| 04.09.2009 | |
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| VCP gets regulatory approval to increase its voting right in FHB over 20 per cent | |
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| VCP Capital Partners (“VCP”) hereby announces that the Hungarian Financial Supervisory Authority yesterday approved VCP Finanz Holding Kft., VCP’s Hungarian subsidiary, to increase its holding in FHB Jelzálogbank Nyrt to over 20 percent but not exceeding 33 percent (currently 20.003 percent). | |
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| 03.09.2009 | |
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| Record Q2 Profit for FHB | |
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| Mortgage bank FHB reported its biggest ever net profit in the second quarter, with post-tax earnings of Ft 2.6 billion, up 130% from the previous year. First-half profit came to Ft 4.1 billion. The record result was partly due to 55% growth in net interest income to Ft 6.4 billion in the second quarter. | |
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| 18.08.2009 | |
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| Gabriel Dielacher is new Senior Advisor of VCP | |
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| Gabriel Dielacher, Partner at VCP since 1999, steps down from his position in the company as of 31 July 2009, in order to pursue own investment projects in the future. Gabriel Dielacher was responsible for VCP’s business development in the region of Ex-Yugoslavia as well as for VCP’s media investments. He will continue to support VCP as Senior Advisor in selected projects and further as a member of the investment committee. | |
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| 28.07.2009 | |
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| VCP increases its stake in FHB | |
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| Budapest, 8 June 2009 – Based on a conditional purchase agreement that VCP Finanz Holding Kft. (VCP) made with HSBC Bank plc (HSBC) in December 2007, VCP has today acquired 3,175,000 ordinary shares of FHB Jelzálogbank Nyrt. (FHB) from HSBC. As a result of this transaction VCP’s voting rights in FHB have increased to 19.9% (taking into account 1.613.641 treasury shares as currently owned by FHB). | |
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| 09.06.2009 | |
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| FHB Mortgage Bank issues EUR 50m of notes | |
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| Budapest, June 4, 2009 (MTI-ECONEWS) - FHB Mortgage Bank on Wednesday said it issued EUR 50m of covered mortgage notes as part of its EUR 3bn European Medium Term Note (EMTN) programme. The series (FJ14ZV03) has a floating rate and a five-year maturity. Settlement day was June 3. The lead manager of the issue, listed on the Luxembourg Stock Exchange, was BNP Paribas London. FHB's stock of outstanding mortgage bonds reached HUF 539.3bn at the end of March. The value of coverage was HUF 625.6bn, giving it a coverage rate of 116pc. | |
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| 04.06.2009 | |
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| FHB expects to at least match 2008 profits, total assets in 2009 | |
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| Budapest, April 28, 209 (MTI-ECONEWS) - FHB Mortgage Bank expects 2009 consolidated profit to at least match 2008 profits, and total assets are also seen reaching at least their level at the end of 2008, CEO Daniel Gyuris told shareholders at an annual general meeting on Tuesday. | |
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| 29.04.2009 | |
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| Government to provide FHB Mortgage Bank with HUF 30bn in capital | |
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| Hungary's government will provide FHB Mortgage Bank with HUF 30bn (EUR 97.64m) in capital from a HUF 600bn bank-rescue package raised from International Monetary Fund support, Finance Minister Janos Veres and FHB CEO Daniel Gyuris announced at a press conference on Monday morning | |
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| 01.04.2009 | |
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| Staatshilfe für OTP und FHB lässt Kurse steigen | |
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| Nicht nur ausländische Banken sind in Ungarn aktiv, es gibt noch die heimischen Institute OTP und FHB. Diese Häuser bekommen jetzt 1,8 Milliarden € Staatshilfe - vom IWF. | |
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| 27.03.2009 | |
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| State to grant loans to OTP and FHB | |
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| The state of Hungary will provide OTP Bank with a loan of more than HUF 400bn and FHB Bank with a two-instalment loan of around HUF 120bn in order to boost corporate and retail lending, Finance Minister Janos Veres announced in the presence of the two banks' heads late on Wednesday. | |
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| 26.03.2009 | |
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| FHB Profits Exceed Expectations | |
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| FHB on Friday reported a Ft 1.6 billion profit for the fourth quarter, slightly up from the previous quarter. The mortgage specialist extended Ft 10.9 billion in credit, less than half of the Ft 22.8 billion in the third quarter or the Ft 25.1 billion in the same period of 2007. | |
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| 14.02.2009 | |
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| Financial profits lift FHB Q4 earnings | |
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| Budapest, February 13, 2009 (MTI-ECONEWS) –FHB Mortgage Bank’s fourth-quarter after-tax profit profit rose 38pc to HUF 1.6bn from the same period a year earlier, boosted by financial income, the bank’s consolidated IFRS report published on Friday shows. | |
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| 13.02.2009 | |
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VCP Vienna Tegetthoffstraße 7 1010 Wien Austria Phone: +43 1 514 17 E-Mail: office@vcpag.com |