Lakatos, Koves and Partners has provided Hungarian law advice to Mid Europa Partners in relation to the IPO of Waberer’s International Nyrt., one of Europe’s largest haulage and logistics companies. White & Case acted as international legal advisor, and Shearman & Sterling and Kinstellar represented the Mandated Lead Arrangers.
Trading of Waberer shares on the Budapest Stock Exchange started on July 6, 2017 in the Equities Prime category. With a market capitalization of approximately HUF 90 billion, Waberer's is the sixth largest company on the Budapest Stock Exchange. Waberer's IPO is Hungary’s biggest public listing in more than a decade.
LKT’s team, consisting of Managing Partner Peter Lakatos, Counsel Pal Rahoty, and Associates Balazs Fazakas, Judit Zalan-Lipak, Balazs Kantor, and Gyula Ratz, advised Mid Europa on all Hungarian law aspects throughout the IPO process, including in relation to the preparation of the stock exchange prospectus and assistance in the regulatory approval and BSE listing processes.
The White & Case team consisted of Partners Petr Hudec, Philip Broke, and Ian Clark, and Associates Erik Illmann and Eva Svoboda.
Editor's Note: After this article was published, Kinstellar confirmed that Citigroup and Berenberg had acted as Joint Global Coordinators and Joint Bookrunners on the IPO, with Erste Group and Renaissance Capital also acting as Joint Bookrunners. Erste Group acted as Lead Manager of the Hungarian Public Offering. The Kinstellar team acting as Hungarian legal counsel to the Joint Global Coordinators and Joint Bookrunners was led by Managing Partner Csilla Andreko and Managing Associate Akos Mates-Lanyi.