Kapolyi has advised AutoWallis on its acquisition of Hungarian fleet management company Nelson. Lendvai and Partners advised Nelson and its shareholders.
AutoWallis is a car dealership and mobility service provider operating in 14 countries in CEE. It is listed in the Premium category of the Budapest Stock Exchange.
According to Kapolyi, “the total volume of the transaction is HUF 2.98 billion (approximately EUR 7.45 million), of which HUF 335 million (approximately EUR 837,000) will be paid over the next two years. The sellers have provided funds to participate in the AutoWallis Employee Share Participation Program for Nelson employees and officers who have recently joined the AutoWallis Group.”
In 2021, Kapolyi advised AutoWallis on preparing a public share issuance (as reported by CEE Legal Matters on October 27, 2021).
Kapolyi’s team included Senior Attorneys at Law Gabor Horvath and Balazs Jozsef Ferenczy, Associate Zoltan Banki, and Junior Associate Zsofia Somlovari.
The Lendvai and Partners team included Partner Andras Lendvai, Senior Associate Akos Kalman, and Associate Petra Nikolits.