Euro-Phoenix very quickly determined that our shares were virtually unsaleable to anyone other than our minority shareholder, who had a strong right of first refusal.
Hence we solicited an offer from our minority shareholder. Our minority shareholder knew the strength of their position, hence gave a very low offer.
The negotiations were carried out over four months. They were tough. But we managed to negotiate a price that was double the initial offer. Euro-Phoenix had no small role in this.
Thanks to the successful outcome of this transaction, my wife and I are comfortably retired. We were fortunate to have the Euro-Phoenix team representing us.
– Attila Rajnai, former CEO and majority owner of Ratipur kft