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LKT and White & Case Advise Mid Europa Partners on Waberer's IPO in Hungary

LKT and White & Case Advise Mid Europa Partners on Waberer's IPO in Hungary

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Lakatos, Koves and Partners has provided Hungarian law advice to Mid Europa Partners in relation to the IPO of Waberer’s International Nyrt., one of Europe’s largest haulage and logistics companies. White & Case acted as international legal advisor, and Shearman & Sterling and Kinstellar represented the Mandated Lead Arrangers.  

Trading of Waberer shares on the Budapest Stock Exchange started on July 6, 2017 in the Equities Prime category. With a market capitalization of approximately HUF 90 billion, Waberer's is the sixth largest company on the Budapest Stock Exchange. Waberer's IPO is Hungary’s biggest public listing in more than a decade.

LKT’s team, consisting of Managing Partner Peter Lakatos, Counsel Pal Rahoty, and Associates Balazs Fazakas, Judit Zalan-Lipak, Balazs Kantor, and Gyula Ratz, advised Mid Europa on all Hungarian law aspects throughout the IPO process, including in relation to the preparation of the stock exchange prospectus and assistance in the regulatory approval and BSE listing processes.

The White & Case team consisted of Partners Petr Hudec, Philip Broke, and Ian Clark, Local Partner Eva Svobodova, and Associate Erik Illmann.

Editor's Note: After this article was published, Kinstellar confirmed that Citigroup and Berenberg had acted as Joint Global Coordinators and Joint Bookrunners on the IPO, with Erste Group and Renaissance Capital also acting as Joint Bookrunners. Erste Group acted as Lead Manager of the Hungarian Public Offering. The Kinstellar team acting as Hungarian legal counsel to the Joint Global Coordinators and Joint Bookrunners was led by Managing Partner Csilla Andreko and Managing Associate Akos Mates-Lanyi.

Hungary Knowledge Partner

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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