BDO brings two advisory practices in Hungary under one roof

04 February 2021 2 min. read
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Having operated in parallel for over a decade, BDO has merged its Hungarian Financial Advisory and Hotel & Real Estate Services practices into a single unit.

The rationale behind the internal merger of departments is to “leverage synergies between the units with the aim of providing clients with a broader and deeper service offering”, said BDO Hungary in a statement.

BDO’s Financial Advisory practice helps clients with financial modelling, project financing for major projects, PPP consulting, and debt and equity finance. The Hotel & Real Estate Services practice specialises in a range of financial and professional services solutions for players in the hotel landscape, as well as players in the ecosystem such as shareholders, lenders (mostly financial institutions) and private equity firms.

Ákos Csobádi, György Rábai, Attila Hegedűs, Richárd Német

Under one roof, the two units will in the coming months seek to integrate their expertise into one another’s offerings, and jointly introduce new, innovative services to the market. 

Helming the unit is Ákos Csobádi, who joins BDO externally with nearly two decades of experience in the financial services and real estate sectors under his belt. During his thirteen years at Raiffeisen Bank, he gained extensive experience in managing and selling large real estate portfolios, as well as in the areas of structured project financing, syndicated financing and financial restructuring. 

The remaining leadership of unit will resemble the former leadership team. György Rábai will remain head of Real Estate Advisory and Property Valuation. He works for clients including real estate funds, real estate development companies and financial institutions.

Attila Hegedűs and Richárd Német will continue to manage the Hotel and & Advisory service line. They both have been ten years at BDO, having previously served hotel consultancy Horwath HTL in Hungary. They specialise in consulting, valuation, due diligence, operator’s and tenant search services, and preparation of tourism strategies. 

In Hungary, mid-tier player BDO has around 250 professionals working from its office in Budapest.