Kapolyi has advised VGD Hungary on its sale to WTS Klient.
The transaction remains contingent on regulatory approval.
VGD Hungary is an audit, tax, and accountancy firm.
WTS Klient is an accounting and tax advisory firm. It was established in 1998 and set up its consulting division in 2004. In 2013, it joined WTS Global – a tax and financial advisory network.
“We are delighted that the merger of WTS Klient and VGD Hungary will further strengthen our market position in Hungary," said Managing Partner of WTS Klient Zoltan Lambert. "As a key market player, we will be capable of playing a leading role in the explosive technological development underway in our sector, and be instrumental in the consolidation of the accounting and tax advisory market."
“VGD Hungary’s dynamic and committed team of experts always placed great emphasis on finding efficient solutions under long-term, supportive partnership frameworks to help its clients in the international accounting, advisory, and audit market," added Founding Partner of VGD Hungary Gyongyi Ferencz. "This merger – which taking into account our organic growth in 2024 will create a firm with 350 staff generating sales revenue of HUF 6 billion – will enable us to fulfil this mission on even more secure foundations."
The Kapolyi team included Senior Attorney at Law Mate Hajas.
Kapolyi could not disclose additional information on the deal.
