Independent advice for the transactions that matter.

A Budapest-based boutique for founders and investors navigating valuations, capital raises, and M&A in technology, real estate, and shipping.

15+ Years Advisory Experience
Technology · Real Estate · Shipping
Seed Through Series A
Principal-Led Engagements

Advisory Services

01

Mergers & Acquisitions Advisory

Independent counsel from mandate through close, with no product conflicts and full senior attention.

Retainer + success fee From €2,500/mo
Discuss Mandate
02

Company Valuation

Defensible valuation work for transactions, shareholder disputes, reporting, and strategic planning.

Fixed project fee From €2,500
Discuss Mandate
03

Financial Modeling & FP&A

Board-ready models that support decisions, not just presentations.

Fixed project fee From €1,800
Discuss Mandate
04

Fractional CFO Services

Senior finance leadership for companies that need CFO capability without a full-time hire.

Monthly retainer From €2,500/mo
Discuss Mandate
05

Corporate Financing & Capital Raising

Structured capital introductions across debt, equity, and hybrid instruments.

Fixed project fee From €3,500
Discuss Mandate
06

Risk & Position Management

Frameworks for identifying, quantifying, and managing financial and operational risk.

Custom engagement On request
Discuss Mandate

Why HM Cubed?

I.

Independence

We hold no proprietary capital, manage no funds, and take no retrocessions. Our advice serves one interest: yours.

II.

Senior-Led Engagements

Every mandate is led by a principal, not delegated to a team of analysts. The person who wins your mandate is the person who does the work.

III.

European Reach from a Budapest Base

Budapest sits at the convergence of Western European capital markets and Central and Eastern European deal flow. We operate across this geography without overhead.

IV.

Tailored Economics

Fee structures are aligned with transaction outcomes. We do not apply standard templates to non-standard situations.

Leadership

Raham Madani, MBA
Raham Madani, MBA
Founder & Managing Director

Corporate finance advisor with 15+ years of experience across M&A, valuation, and capital strategy. Based in Budapest, serving mid-market companies and investors across Central and Western Europe.

Selected Transactions

Sell-Side Advisor
€3M
Information Technology
2023
Buy-Side Advisor
€1.6M
Technology services
2018
Valuation Advisory
€4M
Real estate portfolio
2024
Capital Raising
€300K
Information Technology
2017
M&A Advisory
€3.5M
Animal Feed
2022
Fractional CFO
Series A prep
Enterprise SaaS
2025
Transaction details anonymized as client request.

Sample Work

Perspectives

May 2026

Three Engagements. Three Sectors. One Consistent Lesson.

A DeFi startup that went on to be acquired. An agricultural business that secured a €4M equipment loan. An animal feed company that sold for €3.5M. What these three engagements have in common — and what they say about the value of getting the financial work right.

Read Insight
May 2026

Selling a Company in Central Europe: What Mid-Market Owners Get Wrong

Most mid-market transactions in the region fail not because the business was bad, but because the seller was unprepared.

Read Insight
May 2026

What an Operations Business Taught Us About Financial Controls

A fractional CFO engagement revealed that the biggest financial risk was not on the P&L — it was in the process.

Read Insight

He built a robust and dynamic financial model, made himself always accessible, was very patient and extremely knowledgeable in all aspects of business and finance. It was nothing less than a pleasure to work with him.

J.C.C. Healthcare Entrepreneur, USA

Raham guided us patiently, helped organise our ideas and created our financial forecasts with excellent attention to detail. He helped us move forward into our financing stages.

H.Y. Startup Founder, Canada

Raham is brilliant — highly skilled in valuation analysis, business analysis, research and more. A very productive and powerful analyst.

L.W. Investment Banker, USA

Let's discuss your next transaction.

We welcome confidential conversations. There is no obligation, and engagements begin only when the fit is clear.

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