Kapolyi Law Firm Advises on Strategic Reverse Acquisition of Foodnet Ltd. by Amixa
Kapolyi Law Firm is proud to announce its instrumental role in the successful reverse acquisition of Foodnet Ltd., a leading player in the Hungarian wholesale market for consumer foods, by Amixa, a public shell company listed on the Budapest Stock Exchange (BSE). This strategic transaction marks a significant milestone in the operation of the given companies, with Kapolyi Law Firm providing comprehensive legal advice to both Amixa and the three Hungarian investors who owned Foodnet Ltd.
The transaction, which was spearheaded by Viktor Krezinger, alongside key contributions from Ádám Menyhárt and Vivien Szekeres-Benczik, involved a complex reverse acquisition strategy. In this process, Amixa raised its registered capital, and the investors contributed their purchase price claim to Amixa, becoming the controlling owners of the company. This approach allowed for a seamless transition of ownership, ultimately strengthening Amixa’s position on the BSE.
Prior to the reverse acquisition, the investors made a mandatory bid offer to all Amixa shareholders, in compliance with the EU Takeover Bids Directive. This step was crucial in ensuring transparency and protecting the interests of the shareholders, in line with EU regulations.
Furthermore, as part of the acquisition, Amixa listed the newly issued shares on the Budapest Stock Exchange. This was achieved with the approval of a Prospectus by the National Bank of Hungary, following the stringent requirements of the EU Prospectus Regulation. The listing not only enhances Amixa’s market presence but may provide growth opportunities for the company.
Kapolyi Law Firm’s involvement in this high-profile transaction underscores its expertise in navigating complex corporate and securities law matters. The firm’s team, led by Viktor Krezinger, demonstrated exceptional legal acumen and strategic foresight, guiding the transaction to a successful conclusion.
“We are delighted to have played a pivotal role in this transaction, which reflects our commitment to providing top-tier legal services in the Hungarian market,” said Viktor Krezinger, Partner at Kapolyi Law Firm. “This deal not only showcases our firm’s capabilities but also highlights the growing dynamism of the Hungarian corporate landscape.”
This transaction follows the precedents implemented to the Hungarian market in the past 10 years by various transaction of issuers also represented by Kapolyi Law Firm. This new transaction reinforces the reputation of Kapolyi as an excellent legal advisor in the Hungarian capital market.
