Filip & Company Law Firm assisted DIGI in the sale of DIGI Távközlési Szolgáltató Ltd. and of its subsidiaries Invitel, I TV and DIGI Infrastructure towards 4iG, active on the IT and telecommunications market in Hungary. The transaction was concluded on Monday, 29 November, the value of the investment reaching EUR 625 million.
“DIGI is a special client for us. We have been working together for a very long time and it has always been an example of what an entrepreneurial business can achieve with fairness, a lot of hard work, talent, and a client-oriented attitude. This transaction is (by far) the largest M&A transaction of a Romanian company outside Romania, the largest Romanian transaction of this year and, as I believe, the largest transaction in Hungary also. But we owe all of these to the efforts put up by DIGI to build in 23 years the most advanced telecommunications network in Hungary and to win the trust of its Hungarian clients. I hope that DIGI will to continue to be successful outside the country as well and that its success will inspire the other Romanian entrepreneurs to have the courage to take the good things they carry out in Romania on an international level”, said Alexandru Bîrsan, partner and coordinator of the M&A and Capital Markets department of Filip & Company.
The Filip & Company team was coordinated by Alexandru Bîrsan (partner) and Olga Niță (partner) who were assisted by Anca Bădescu, Rebecca Marina, Andrei Konya and Andreea Dinu.
Freshfields Bruckhaus Deringer assisted the seller in relation to the English law matters and Szecskay provided legal assistance in relation to the Hungarian law aspects.
The lawyers at Filip & Company have had important roles in many of the key M&A transactions in Romania. Whether they were privatisations, private equity, venture capital or growth capital transactions or other complex M&A, in most of the cases, at least one of the parties was legally assisted by Filip & Company. Furthermore, the lawyers at Filip & Company are ranked first in the most prestigious international legal directories – Chambers and Partners and Legal 500 – with their M&A practice, both as a team as well as individually.