About us
introduction
We can provide a wide range of financial advisory services and other (such as tax due diligence or structuring, legal advisory or real estate valuation) together with our extended network of independent consultants.

Kornél Makrai
Founder, Managing Director
kornel.makrai@smart-zebra-solutions.eu
Kornél is the founder and managing director of Smart Zebra Solutions Hungary
He has gained his latest experience at a multinational accounting and advisory firm in Budapest, where he has been responsible for the financial due diligences being the head of Transaction Advisory Services team. During this time Kornél led buy-side and vendor-side due diligence projects in various industries, e.g. real estate, software development, biotechnology, transportation, food manufacturing. Kornél achived a decent track record in complex cross-border transactions as well
Before joining Grant Thornton Hungary in 2019, Kornél worked in the Transaction Advisory Services team at Grant Thornton London. He was involved in various due diligence engagements, primarily in real estate and professional services industries, mainly from private equity clients
Prior to that, Kornél worked for Deloitte and EY in Budapest over nine years, where he gained extended experience in due diligences and financial audit in several industries
Kornél also has worked in several business planning and business plan review projects
Our recent projects
Hungary based private healthcare service provider
Sell-side negotiations, financial advisory support, marketing
Nov 2024 –
Hungary based private investor
Business valuation
Mar 2025
Hungary based horticulture company owners
Financial models and business valuation
Dec 2024-Feb 2025
Hungary based private equity
MEIP test for one of the portfolio companies in Hungary
April 2025
Hungary based machine manufacturing company owners
Sell-side financial advisory, investor presentations and sell side marketing support
March 2024 – May 2025
Hungary based industrial industrial maintenance and automation company owner
Sell-side negotiations, financial advisory support and vendor side due diligence and closing
Oct 2023 – May 2025
Hungary based tourism-leisure service provider company
Financial models and business valuation for two operating companies
Apr-May 2025
Hungary based private healthcare service provider
Financial model preparation for an international group
May 2024
Hungary based online healthcare platform provider
Financial model preparation
July-Aug 2023
Germany based Venture Capital Fund
Buy side financial due diligence of a Hungary/US based online marketing platform provider company
Jan-Feb 2024
Hungary based food manufacturer
Financial model, business valuation and due diligence support
July 2023
Hungary based industrial automation company
Sell-side negotiation support
Dec 2022 – July 2023
Hungary based private healthcare service provider
Financial model preparation
May 2023
Central Europe based private equity
Buy side due diligence of a renewable energy portfolio in Hungary
March 2023
Germany based Venture Capital Fund
Buy side financial due diligence of a Germany/US based software company
Jan-Feb 2023
Hungary based coaching company
Sell side support
November 2022
CEE based real estate investor group
Financial vendor due diligence of an asset portfolio of 300 M EUR in several Hungarian SPVs
Sept-Oct 2022
CEE based real estate investor group
Financial vendor due diligence of an asset portfolio in Hungarian SPV
Sept-Oct 2022
CEE based manufacturer company
Financial due diligence of confidential targets. Hungary based group operating in packaging industry
Sept-Oct 2022
Singapore based private equity
Financial due diligence of confidential targets. Hungary based software developer company.
Sept-Oct 2022
Germany based agriculture and feed product laboratory
Bidding support of confidential targets. Major Hungary based private laboratory.
July 2022
Denmark based renewable energy provider
Financial due diligence of confidential targets. Operating solar energy park in Hungary.
Apr-May 2022