We have developed widely recognized expertise in private placement transactions and public offerings and listings on the Budapest Stock Exchange.
In this regard, the Firm carries out, subject to our client's position:
- full legal due diligence of the issuer company;
- assistance to clients in the preparation and negotiation of underwriting agreements;
- drafting of the necessary corporate (general meetings, board meetings and other related) documents;
- preparation and/or review of prospectuses or Information Memoranda;
- preparation of all appropriate applications to the State Supervision of Financial Organizations and the Budapest Stock Exchange;
- coordination related to the closing of the transaction.
The Firm has participated in most of the major share offerings in Hungary, either as advisor to the issuing company or to the lead managers, or as advisor to the Hungarian government in cases of privatization by way of flotation (including the first-ever initial public offering of shares of a Hungarian company on the New York Stock Exchange). In addition, the Firm also regularly advises international companies and their Hungarian subsidiaries or underwriters in connection with the domestic and/or international private placement of newly issued shares.
The Firm has acted as legal advisor in connection with the listing of shares of the following companies: Zwack Unicum Rt., Global TH Rt. (currently TESCO Áruházak Rt.), OTP Bank Rt., BorsodChem Rt., Richter Gedeon Rt., Humán Rt., Cofinec S.A. (Currently COFINEC N.V.), Édász Rt., Dédász Rt., Démász Rt. and Titász Rt.
The Firm also acted as legal counsel in structuring and implementing employee and management share option schemes for the following companies: Richter Gedeon Rt., Zwack Unicum Rt., TESCO-Global Rt., EGI Rt., Taurus Gumiipari Rt., Kner Nyomda Rt., and Démász Rt.
Additionally, the Firm has also provided legal assistance to the issuer or the manager related to the successful completion of bond issues, where our tasks included the performance of the due diligence of the issuer, preparation or revision of documents necessary for the transaction, including the information memorandum, and the submission of the application documentation to the competent authorities for the approval of the bond issue.