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Szabo Kelemen & Partners and VJT & Partners Advise on CarNet Invest Acquisition of Auto-Fort

Szabo Kelemen & Partners and VJT & Partners Advise on CarNet Invest Acquisition of Auto-Fort

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Szabo Kelemen & Partners (SKP) has advised CarNet Invest Zrt. on its acquisition of Auto-Fort group from C.P Holding and Interag. The sellers were advised by VJT & Partners on the deal, which was approved by the Hungarian Competition Authority at the beginning of January and closed this month. 

According to Szabo Kelemen & Partners (SKP), "Auto-Fort is one of the most prestigious car dealer companies in Hungary," and CarNet Invest is "one of the largest privately owned car dealer networks in Hungary."

SKP reports that CarNet Invest has "nine dealerships [and] 19 depots and repair shops in and around Budapest and in large cities of Western Hungary," and that "the company sells Alfa Romeo, Citroen, Dacia, Fiat, Ford, Hyundai, Jeep, Lancia, Mazda, Peugeot, Renault, and Toyota." Following its acquisition of Auto-Fort it will also sell Suzuki cars.

The Szabo Kelemen & Partners team consisted of Partners Laszlo Kelemen and Tamas Szabo, supported by Balazs Dominek and Zsofia Barat.

The VJT & Partners team advising C.P. Holding and Interag was led by Partners Janos Tamas Varga and Andras Lovretity and lawyer Hoa Tunde Nguyen. 

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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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