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TechLegal Advises on Russmedia's Acquisition of Startapro.hu

TechLegal Advises on Russmedia's Acquisition of Startapro.hu

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TechLegal has advised Russmedia Equity Partners on its acquisition of Hungarian classifieds platform Startapro.hu from the Central Media Group. Lendvai and Partners reportedly advised the seller.

According to Russmedia, Startapro.hu is a "classic classifieds horizontal portal with a history of more than 20 years, where individuals and companies offer services and physical goods for sale. As Central Media Group has been focusing mainly on the operation and management of content-focused websites, they decided Startapro would have a more solid growth path alongside a pure online classifieds player like Russmedia Digital."

"The core of our publisher’s online business is content-focused websites," commented Central Media Group Digital Business Unit Director Balint Bognar. "As Startapro is a classifieds portal, it does not fit directly into our strategy. However, the market for Startapro is increasingly dominated by international players, creating a fiercely competitive situation, which makes it well-positioned in the existing portfolio of Russmedia, in line with its regional strategy."

The TechLegal team was led by Gergo Szekely.

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The firm’s lawyers provide clients with advice and representation in an active, thoughtful and ethical manner, with a real understanding of clients‘ business needs and the markets in which they operate.

The firm is one of the largest home-grown independent law firms in Hungary. Currently Nagy és Trócsányi has 26 lawyers out of which there are 8 active partners. All partners are equity partners.

Nagy és Trócsányi is a legal entity and registered with the Budapest Bar Association. All lawyers of the Budapest office are either members of, or registered as clerks with, the Budapest Bar Association. Several of the firm’s lawyers are admitted attorneys or registered as legal consultants in New York.

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