David Fulep, Finance Expert in Budapest, Hungary
David Fulep

Finance Expert in Budapest, Hungary

Member since January 2, 2021
David is an M&A expert who has worked with the owners of 100+ businesses to raise capital, exit their investments at premium valuations, or execute successful acquisitions and IPOs. With 15+ years of experience, including six years at PwC, he has worked in many industries and extensively in the TMT and renewable energy sectors. David joined Toptal to advise clients on complex M&A and capital-raising transactions across the world.
David is now available for hire

Career Highlights

Case studies

Expertise

Employment

  • Senior Manager

    2014 - PRESENT
    PwC
    • Assisted the owners of the leading local video game developer and publisher to successfully execute the company's sale to a large European, publicly listed acquirer and achieve a premium valuation (close to 5x revenue).
    • Oversaw Europe's leading car fleet management company's acquisition of a local competitor to create the market leader in the sector in Hungary. Played a key role in modeling and the post-merger integration of the target.
    • Managed the restructuring and sale of one of the leading Microsoft Dynamics partners in the CEE region. At the end of a lengthy process, the company was sold to the bidder with the best strategic fit to ensure the future growth of the business.
    • Assisted a jewelry retailer to raise €5 million to fund the development of its webshop and expansion across Europe. Conducted business planning and valuation, created pitch documents, and identified investors.
    • Advised the owner of a rooftop solar panel installation and EV charger company on the sale of a minority holding in the company to an international strategic investor.
    • Advised the developer of a 30MW solar power plant on the sale of the power plant to a financial investor.
    • Prepared a detailed overview (commercial due diligence) of the local payment processing market in relation to the acquisition of a regional market player.
    • Prepared a full market screening on the Hungarian solar market for a strategic investor aiming to enter the market via acquisitions.
    • Advised the owners of a leading canning company on the sale of a minority stake in the company to a strategic investor. Performed financial modeling and valuation, project management, and negotiations.
    • Advised the owners of a taxi operator company with the market-leading application on the sale of the company to a group of financial investors.
    Focus areas: Mergers & Acquisitions (M&A), Bank Debt Raises, Capital Raising, M&A (Buy-side), M&A (Sell-side), M&A Modeling, Cross-border M&A, Valuation, Market Research, Private Equity, Financial Modeling, Post-merger Integration, Venture Capital, Financial Restructuring, Green Energy, Acquisitions, Market Research & Analysis, Financing, Debt Financing, Finance Strategy, SaaS, Renewable Energy, Software as a Service (SaaS), Business Development, Leveraged Buyout Modeling, Term Sheet Advisory, Deal Structuring, Information Memoranda, Business Plan Consultant
  • Director

    2009 - 2014
    Newport Capital Group
    • Advised Telkom Indonesia on its market entry in Australia via the acquisition of a local call center operator. Served as an adviser during the full process, from the identification of acquisition targets until the closing of the transaction.
    • Advised Dicker Data Limited, the leading IT products distributor in Australia and New Zealand, on the acquisition and restructuring of Express Data and on raising the AUD$120 million bank financing required to fund the transaction.
    • Managed the IPO process of Dicker Data Limited on the Australian Securities Exchange (ASX). Managed the entire project and organized roadshow presentations for the company's senior management.
    • Advised the owners of Australia's leading comparison shopping website on the partial sale and fundraising from a strategic investor. Conducted business planning and valuation, drafted the company overview, and led negotiations.
    • Advised the owners and management of a mobile satellite telecommunications company on the acquisition of a VSAT company and the related financing.
    • Advised the private equity owners of a SaaS contract management software developer on the sale of the company to a strategic investor.
    Focus areas: Mergers & Acquisitions (M&A), Initial Public Offerings, Capital Raising, Financial Modeling, Valuation, M&A (Buy-side), Bank Debt Raises, Market Research, M&A (Sell-side), M&A Modeling, Private Equity, Venture Capital, Post-merger Integration, Discounted Cash Flow (DCF), Pitch Decks, Fundraising, eCommerce, Financial Restructuring, Acquisitions, Financing, Debt Financing, Finance Strategy, SaaS, Leveraged Buyout Modeling, Software as a Service (SaaS), Valuation Modeling, Business Development, Deal Structuring, Term Sheet Advisory, Asia-Pacific (APAC), Information Memoranda
  • Senior Analyst

    2004 - 2009
    Concorde Securities
    • Advised the owners of the leading Hungarian dating website on the sale of the company to an international investor.
    • Advised the leading Hungarian security printing company on their IPO while serving as a member of the lead manager team.
    • Advised the owners of a disposable medical device company on the restructuring of the company and their exit to a strategic acquirer.
    • Advised the venture capitalist owner of the leading auction-style eCommerce company in Hungary on the sale of the company to a strategic investor.
    • Built a large number of financial models for sell-side and buy-side M&A clients and fundraising assignments.
    Focus areas: Mergers & Acquisitions (M&A), M&A (Buy-side), M&A (Sell-side), M&A Modeling, Cross-border M&A, Financial Modeling, DCF Valuation, Valuation, Transaction Comparables, Comparable Company Analysis, Private Equity, Discounted Cash Flow (DCF), Initial Public Offerings, Financial Restructuring, Forecasting, Financial Forecasting, Three Statement Operating Model, Three-statement Modeling, Acquisitions, Market Research & Analysis, Leveraged Buyout Modeling, Valuation Modeling, Information Memoranda, Business Plan Consultant, Private Company Valuation

Education

  • Master's Degree in Economics and Corporate Finance
    1999 - 2004
    Corvinus University - Budapest, Hungary

Certifications

  • CFA Level I
    DECEMBER 2018 - PRESENT
    CFA Institute

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