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DLA Piper and Schoenherr Advise on Mediaworks Acquisition of Pannon Lapok Tarsasaga

DLA Piper and Schoenherr Advise on Mediaworks Acquisition of Pannon Lapok Tarsasaga

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DLA Piper Horvath & Partners has advised Mediaworks Hungary Zrt. on the acquisition of Pannon Lapok Tarsasaga Kiadoi Kft. from Funke Mediengruppe. GSV Legal advised Mediaworks on Austrian matters. Schoenherr advised Funke Mediengruppe on the acquisition.

After approval by Hungary's National Media and Infocommunications Authority and the Hungarian Competition Authority, the acquisition closed on September 30, 2016. The purchase price was not disclosed

Mediaworks, with over sixty media brands, is one of the largest media enterprises in Hungary. Mediaworks has an annual turnover of approximately HUF 16 billion (approximately EUR 52 million), has nearly 650 employees, and owns newspapers such as Nemzeti Sport, Nepszabadsag, Vilaggazdasag, and other regional newspapers in eight Hungarian counties, as well as a portfolio of women's and gastronomical magazines, and digital media products.

PLT and Mediaworks together have annual revenues of nearly HUF 25 billion (approximately EUR 81 million) and approximately 1150 employees.

The DLA Piper Horvath & Partners team on this transaction consisted of Managing Partner Andras Posztl, Partner Gabor Borbely, and Counsel Istvan Szatmary.

The GSV Legal team consisted of Partner Bernd Grama and Attorney Georg Zacherl.

Schoenherr's team consisted of Vienna Partner Markus Piuk, Budapest Managing Partner Kinga Hetenyi, Vienna Attorney Manuel Ritt-Huemer, Budapest Attorney Gabor Kordovanyi, and Budapest Associate Roland Szebenyi. Vienna Partner Christoph Haid and Budapest Associate Andras Nagy advised on competition questions.

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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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