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Kinstellar and Wolf Theiss Advise on BFCM's Acquisition of Magyar Cetelem Bank

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Kinstellar has advised Banque Federative du Credit Mutuel on the acquisition of BNP Paribas’s Hungarian subsidiary Magyar Cetelem Bank. Wolf Theiss advised BNP Paribas.

The acquisition was carried out via Banque Federative du Credit Mutuel subsidiary Cofidis Bank.

BFCM is at the core of the Credit Mutuel Alliance Federale group, a French mutual group made up of 14 regional federations, supported by two networks (Credit Mutuel and CIC) whose main activity is Bancassurance. Its capital is 91.7% owned by Caisse Federale de Credit Mutuel.

The Kinstellar team included Budapest-based Partners Gabor Gelencser, Levente Hegedus, and Peter Voros, Senior Associates Bianka Kovacs, Aron Barta, and Daniel Endre Nagy, and Associates Judit Sos, Orsolya Staniszewski, and Veronika Heiszer and Prague-based Partner Karla Rundtova.

Editor's Note: After this article was published, Wolf Theiss announced its team working on the deal included Partner Janos Toth, Counsel Melinda Pelikan, Senior Associate Gergely Szaloki, and Associates Laszlo Lovas and Viktoria Horvath.

Wolf Theiss at a Glance

With over 360 lawyers in 13 countries, over 80% of the firm’s work involves cross-border representation of international clients. We have concentrated our energies on a unique part of the world: the complex, fast-developing markets of the CEE/SEE region. Through our international network of offices, we work closely with our clients to develop innovate solutions that integrate legal, financial, and business know-how.

Wolf Theiss provides fully integrated corporate services in mergers and acquisitions, private equity, real estate, banking and finance, tax and insurance, employment law, competition law, energy law, privatisation, restructuring, public procurement and litigation. At Wolf Theiss, we measure our success by the success of our clients. We align our goals with yours to ensure that your needs are being met in even the most complex of cross-border matters. This means that we know how to listen to you and help you use the assets you already have while finding opportunities.

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