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BDK Advokati, Binder Groesswang, and LKT Advise Turkish Investors on Acquisition of Veritas Group

BDK Advokati, Binder Groesswang, and LKT Advise Turkish Investors on Acquisition of Veritas Group

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BDK Advokati, Binder Groesswang, and Lakatos Koves & Partners, working with SZA Schilling Zutt & Anschuetz, have advised Turkish investors Baran Celik and Nuvit Gundemir and their families on the sale and purchase agreement with insolvency administrator Jan Markus Plathner to acquire Veritas Group's subsidiaries in Austria, Bosnia and Herzegovina, China, Turkey, and Hungary and three production plants in Germany. 

The signing of the asset-deal purchase agreement occurred on December 1, 2022, with insolvency administrator Jan Markus Plathner of Brinkmann & Partner acting as the seller. "The acquisition includes the Austrian subsidiary of the Veritas Group, three German plants in Gelnhausen, Polenz, and Neustadt, as well as all subsidiaries located in Bosnia, China, Turkey, and Hungary," Binder Groesswang informed. 

The Veritas Group is a Germany-based insolvent automotive and industrial supplier.

The BDK Advokati team was led by senior Partner Vladimir Dasic and included Senior Associate Dijana Pejic Sinik and Associates Nikolina Bajic and Sanja Dedovic.

The Binder Groesswang team included Partner Philipp Kapl, Senior Associates Mona Holzgruber and Regina Kroell, and Associate Florian Hoellebauer.

The LKT team was led by Partner Adam Mattyus and included Senior Lawyer Kornel Dirner and Lawyer Viktoria Tamas.

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Nagy és Trócsányi was founded in 1991, turned into limited professional partnership (in Hungarian: ügyvédi iroda) in 1992, with the aim of offering sophisticated legal services. The firm continues to seek excellence in a comprehensive and modern practice, which spans international commercial and business law. 

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.

The firm advises a broad range of clients, including numerous multinational corporations. 

Our activity focuses on the following practice areas: M&A, company law, litigation and dispute resolution, real estate law, banking and finance, project financing, insolvency and restructuring, venture capital investment, taxation, competition, utilities, energy, media and telecommunication.

Nagy és Trócsányi is the exclusive member firm in Hungary for Lex Mundi – the world’s leading network of independent law firms with in-depth experience in 100+countries worldwide.

The firm advises a broad range of clients, including numerous multinational corporations. Among our key clients are: OTP Bank, Sberbank, Erste Bank, Scania, KS ORKA, Mannvit, DAF Trucks, Booking.com, Museum of Fine Arts of Budapest, Hungarian Post Pte Ltd, Hiventures, Strabag, CPI Hungary, Givaudan, Marks & Spencer, CBA.

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