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Kinstellar Advises Electrolux on EUR 38 Million Sale of Hungarian Facility to Qvantum

Kinstellar Advises Electrolux on EUR 38 Million Sale of Hungarian Facility to Qvantum

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Kinstellar has advised the Electrolux Group on the sale of its manufacturing facility in Nyiregyhaza, Hungary, to Qvantum for EUR 38 million. CMS reportedly advised Qvantum.

The Electrolux Group is a Swedish home appliances manufacturer.

Qvantum is a Swedish heat pump manufacturer.

The Kinstellar team was led by Managing Associate Barnabas Sagi and included Partners Annamaria Csenterics and Peter Voros, Managing Associates Peter Gullai and Daniel Peter, Associates Bertalan Vanya and Judit Sos, and Junior Associates Anna Szilagyi and Szabolcs Szilagyi.

Editor's Note: After this article was published, CMS confirmed it had advised Qvantum. The firm's team included Partner Gabor Czike and Senior Associate Zsofia Zsurzsa.

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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.

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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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