Former CEE Attorneys Managing Associate Madalina Ivan has recently announced the launch of her new law firm in Bucharest: Madalina Ivan Business Attorneys at Law.
WKB Advises Selvita on Acquisition of PozLab
WKB Lawyers has advised Selvita on its acquisition of PozLab. DSK Kancelaria reportedly advised the sellers.
Kinstellar Advises Nestle on Sale of Hungarian Chocolate Brand Boci to Cerbona
Kinstellar has advised Nestle on its sale of the Boci Hungarian chocolate brand to Hungary's Cerbona. Oppenheim reportedly advised Cerbona.
Ergun Advises on Koc Holding Acqusition of 80% Stake in Anatolia Hospitals
The Ergun Law Firm has advised Koc Holding on its acquisition of 80% of the shares in the Kemer Medical Center Ozel Saglik Hizmetleri. The Akol Law Firm reportedly advised the sellers, including CEECAT Capital.
Annika Vait Joins Rask as Partner
Former Alterna Partner Annika Vait has joined Rask as a Partner and Co-Head of the firm's Business Consulting and Transactions department.
New Legislation Impacting Transformations of Companies and Introduction of Spin-Offs
Recently, Slovak legislation underwent a significant change with the adoption of the Act on Transformations of Commercial Companies and Cooperatives. Effective as of March 1, 2024, the act marks a departure from previous regulations within the Slovak Commercial Code, which had grown rather inflexible and outdated in the area of corporate transformations.
Current Trends in the Hungarian M&A Market
I looked at M&A transactions in the last years using publicly available sources, our own transactions, and information provided by corporate finance advisory partners. I found that in 37% of the cases, purchasers came from Western Europe, in 37% from Hungary (private companies or the Hungarian state), and in 11% from investors in the CEE, while transactions where the purchasers were of US or Asian origin were negligible (US 3%, Asia 4%).