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HBK Partners Advises Konzum Group on Takeover Bid for Appeninn Holding

HBK Partners Advises Konzum Group on Takeover Bid for Appeninn Holding

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HBK Partners has advised Konzum Group on a public takeover bid for Appeninn Holding Plc.   

According to a HBK Partners press release, Appeninn "is one of the fastest growing real estate investment companies listed on the Budapest Stock Exchange, with a real estate portfolio of EUR 65.5 million. Following the acquisition of a 33.65% stake in Appeninn, Konzum Group made a public takeover bid on all of the issued shares in Appeninn. The takeover bid was approved by the Hungarian National Bank on the 5th of October 2017. The bidders acting in consortium were Konzum Plc., Konzum Management Llc., Konzum Private Equity Fund and Konzum Investment Fund Manager Llc."

HBK Partners acted as counsel to the bidders during the transaction. The firm's team was lead by partners Marton Kovács and Dora Halapi, supported by Junior Associate Mate Vinglman.

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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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