Picture of Aniko Kircsi

Anikó Kircsi

Partner
Head of Corporate/M&A, Head of Consumer Products

CMS Cameron McKenna Nabarro Olswang LLP Magyarországi Fióktelepe
YBL Palace
Károlyi utca 12
Budapest
Hungary
Languages Hungarian, English
Corporate

Anikó Kircsi is a partner and Head of the Corporate/M&A Practice and the Consumer Products Sector Group at CMS Budapest.

She leads both on domestic and inbound deals and coordinates regional as well as cross-border transactions. Besides transactional work, Anikó oversees all the corporate law related services the CMS Budapest office provides to both major domestic and international clients across several jurisdictions, including corporations, private equity funds and financial institutions.

Anikó has vast experience in take over transactions for companies listed on the stock exchange, cross-border mergers and acquisitions, restructurings, joint ventures and venture capital/private equity deals. She also performs overall project management in due diligence exercises and regularly advises on regulatory and licensing matters.

Anikó is also involved with consumer products sector group clients and has an extensive overview of the sector having advised some of the largest players on the market on various corporate law and transactional matters.

Before joining CMS, she worked at the Budapest Stock Exchange as chief legal advisor. Anikó is an arbitrator at the Arbitrator of the Permanent Court of Arbitration of Money and Capital Markets and is actively involved in AmCham’s Regulatory Board.

Anikó is recommended by Chambers and Partners and Legal 500 in the Corporate/M&A category. 

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Department head and general corporate law and securities law expert Anikó Kircsi “is able to negotiate with a clear business approach - what can be given up and what can't, even if we haven't explicitly spoken about it. Her knowledge is bottomless, and she is precise and punctual.”

Chambers & Partners, 2015

Relevant experience

  • A&N Media (a fully owned subsidiary of Daily Mail and General Trust) on its strategic exit from leading online job and car portals as well as printing business across six CEE countries in 7 jurisdictions.
  • Erste Bank on the acquisition of Citibank’s consumer business in Hungary.
  • RTL Group on the acquisition of M-RTL seven (7) broadcasting channels, which is a unique, standalone acquisition in the TMT sector in Hungary, Romania and Slovakia led by CMS Budapest
  • Work Service on the takeover of Hungary's second-largest workforce solutions firm ProHuman.
  • AXA Insurance on the sale of 100% of its shares, in its life insurance business in Hungary, to Vienna Insurance Group.
  • MetLife on the acquisition of American-Hungarian Insurance Company (Ahico) in Hungary from AIG, then on the subsequent acquisition of Aviva Life in Hungary and on an intra-group restructuring and the merger of the two Hungarian MetLife entities (former Aviva Life and Ahico). Subsequently, advised on the cross-border merger of MetLife Hungary into an Irish company and a related restructuring process in order to continue its operation as a branch in Hungary.
  • Iberdrola on the merger of the Hungarian subsidiary of Iberdrola Renovables and its wind farm project companies.
  • Puma in relation to the reorganisation of its entire business operation in Hungary into a branch form by way of business transfer from its Hungarian subsidiary to a newly established branch of a Czech group company.
  • Itochu, a major Japanese energy company on the acquisition of a stake in a regional energy efficiency company EETEK Holding, including due diligence, structuring, negotiating the transaction documents and the shareholders’ agreement, and on the contemplated swap transaction of its Hungarian investment in EETEK Holding into a Cypriote holding company and the subsequent passporting and IPO on the Warsaw Stock Exchange.
  • Axa Bank on all aspects of the cross-border merger of its Hungarian subsidiary into AXA Europe S.A. Belgium, and transforming its Hungarian operation into a branch.
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Education

2003 - General LL.M., George Washington University Law School, Washington D.C., USA

1999 - Postgraduate Studies on European Union Law, LLM, Eötvös Lóránd University, Budapest

1995 - Doctor of Administration and Law, József Attila University, Szeged

1993 – European Studies, University of Bradford, Bradford, UK

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Memberships

  • Arbitrator, Permanent Court of Arbitration of Money and Capital Markets
  • Member, Amcham Regulatory Committee
  • Member, Hungarian Private Equity and Venture Capital Association
  • Member, Budapest Bar Association
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Publications

  • CMS: Can the M&A market recover in 2015? (article in Hungarian) - Origo
  • Report: M&A market fails to live up to expectations – Budapest Business Journal
  • The trend outlined by the European Transaction Market Study– CMS M&A study 2014 (article in Hungarian) – Napi Gazdaság
  • Rules of corporate law in view of the new Civil Code (article in Hungarian) - Napi Gazdaság 
  • CMS M&A Study 2013 – CMS analysed 1700 European corporate transactions (article in Hungarian) - Origo
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Private Equity

Anikó Kircsi is a partner and Head of the Corporate/M&A Practice and the Consumer Products Sector Group at CMS Budapest.

She leads both on domestic and inbound deals and coordinates regional as well as cross-border transactions. Besides transactional work, Anikó oversees all the corporate law related services the CMS Budapest office provides to both major domestic and international clients across several jurisdictions, including corporations, private equity funds and financial institutions.

Anikó has vast experience in take over transactions for companies listed on the stock exchange, cross-border mergers and acquisitions, restructurings, joint ventures and venture capital/private equity deals. She also performs overall project management in due diligence exercises and regularly advises on regulatory and licensing matters.

Formerly, she worked at the Budapest Stock Exchange as chief legal advisor. Anikó is an arbitrator at the Arbitrator of the Permanent Court of Arbitration of Money and Capital Markets. She is actively involved in AmCham’s Regulatory Board.

Anikó is recommended by Chambers and Partners and Legal 500 in the Corporate/M&A category.

more less

Department head and general corporate law and securities law expert Anikó Kircsi “is able to negotiate with a clear business approach - what can be given up and what can't, even if we haven't explicitly spoken about it. Her knowledge is bottomless, and she is precise and punctual.”

Chambers & Partners, 2015

Relevant experience

  • Advent International-led private equity group on the Hungarian aspects of the acquisition of Provimi Pet Food (renamed to Partner in Pet Food) in several jurisdictions. Subsequently, advised on the acquisition of Agro-Trust’s pet food business by Partner in Pet Food in Hungary.
  • Sun Capital on the acquisition of Pannunion Plc. (renamed to Paccor, then Coveris), a listed company on the Budapest Stock Exchange, including a mandatory take over, squeeze-out and delisting, as well as on the entire post acquisition merger process of Paccor Hungary into the acquiring company.
  • PortfoLion / Finext in various, independent investments into the TMT sector within the framework of the so called Jeremie program of the EU.
  • Day One Capital on setting up its venture capital management company.
  • Amand Wine Investments on establishing a joint venture with Euroventures.
  • Argus Capital in multiple phases of a tender process for the  acquisition of 100 % of shares of flexible packaging business of Aluflexpack Group, including shareholdings in its various subsidiaries, from Hypo Group Alpe Adria.
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Education

2003 - General LL.M., George Washington University Law School, Washington D.C., USA

1999 - Postgraduate Studies on European Union Law, LLM, Eötvös Lóránd University, Budapest

1995 - Doctor of Administration and Law, József Attila University, Szeged

1993 – European Studies, University of Bradford, Bradford, UK 

more less

Memberships

  • Arbitrator, Permanent Court of Arbitration of Money and Capital Markets
  • Member, Amcham Regulatory Committee
  • Member, Hungarian Private Equity and Venture Capital Association
  • Member, Budapest Bar Association
more less

Publications

  • CMS: Can the M&A market recover in 2015? (article in Hungarian) - Origo
  • Report: M&A market fails to live up to expectations – Budapest Business Journal
  • The trend outlined by the European Transaction Market Study– CMS M&A study 2014 (article in Hungarian) – Napi Gazdaság
  • Rules of corporate law in view of the new Civil Code (article in Hungarian) - Napi Gazdaság 
  • CMS M&A Study 2013 – CMS analysed 1700 European corporate transactions (article in Hungarian) - Origo
more less
Capital Markets & Derivatives

Anikó Kircsi is a partner and Head of the Corporate/M&A Practice and the Consumer Products Sector Group at CMS Budapest.

She leads both on domestic and inbound deals and coordinates regional as well as cross-border transactions.   Besides transactional work she oversees all the corporate law related services the CMS Budapest office provides to both major domestic and international clients across several jurisdictions, including corporations, private equity funds and financial institutions. Anikó has vast experience in take over transactions for companies listed on the stock exchange, cross-border mergers and acquisitions, restructurings, joint ventures and venture capital/private equity deals. She also performs overall project management in due diligence exercises and regularly advises on regulatory and licensing matters.

Formerly, she worked at the Budapest Stock Exchange as chief legal advisor. Anikó is an arbitrator at the Arbitrator of the Permanent Court of Arbitration of Money and Capital Markets. She is actively involved with AmCham’s Regulatory Board.

Anikó is recommended by Chambers and Partners and Legal 500 in the Corporate/M&A category.

more less

Department head and general corporate law and securities law expert Anikó Kircsi “is able to negotiate with a clear business approach - what can be given up and what can't, even if we haven't explicitly spoken about it. Her knowledge is bottomless, and she is precise and punctual.”

Chambers & Partners, 2015

Relevant experience

  • Wizz Air in relation to the Hungarian aspects of Wizz Air’s initial public offering and listing Wizz Air to the London Stock Exchange.
  • Sun Capital on the acquisition of Pannunion Plc. (renamed to Paccor, then Coveris), a listed company on the Budapest Stock Exchange, including a mandatory take over, squeeze-out and delisting, as well as on the entire post acquisition merger process of Paccor Hungary into the acquiring company.
  • Itochu, a major Japanese energy company on the acquisition of a stake in a regional energy efficiency company EETEK Holding, including due diligence, structuring, negotiating the transaction documents and the shareholders’ agreement, and on the contemplated swap transaction of its Hungarian investment in EETEK Holding into a Cypriote holding company and the subsequent passporting and IPO on the Warsaw Stock Exchange.
  • Erste Bank Hungary on the voluntary public offer and squeeze-out regarding Erste Bank Hungary and its subsequent conversion into private form.
  • Lassellsberger in relation to its successful takeover bid and subsequent delisting of Zalakerámia Zrt. – a listed company.
  • Shareholders of Globus Nyrt. in the course of selling of the exiting shareholders’ shares to a French investor through a public takeover bid.
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Education

2003 - General LL.M., George Washington University Law School, Washington D.C., USA

1999 - Postgraduate Studies on European Union Law, LL.M., Eötvös Lóránd University, Budapest

1995 - Doctor of Administration and Law, József Attila University, Szeged, Hungary

1993 – European Studies, University of Bradford, Bradford, UK 

more less

Memberships

  • Arbitrator, Permanent Court of Arbitration of Money and Capital Markets
  • Member, Amcham Regulatory Committee
  • Member, Hungarian Private Equity and Venture Capital Association
more less

Publications

  • Report: M&A market fails to live up to expectations – Budapest Business Journal
  • Rules of corporate law in view of the new Civil Code (article in Hungarian) - Napi Gazdaság
more less

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Show only
19 January 2017
CMS ad­vises China CEE-Fund and CEE Equity Part­ners...
12/10/2017
Hun­gary: first MTF opened by Bud­apest Stock Ex­change
In Septem­ber 2017, the Bud­apest Stock Ex­change (BSE) opened Xtend, its first mul­ti­lat­er­al trad­ing fa­cil­ity. Xtend is de­signed for me­di­um-sized com­pan­ies that plan sub­stan­tial busi­ness growth, seek ex­tern­al fund­ing to fin­ance this ex­pan­sion, and are able to.
1 March 2016
Li­ab­il­ity of Hold­ing Com­pan­ies
04/10/2017
Hun­gary: Re­cent modi­fic­a­tion of the Com­pan­ies' Act al­lows cash con­tri­bu­tion...
Ef­fect­ive from 23 June 2017, Act no. LXI of 2017 on the Amend­ment of Cer­tain Acts to In­crease the Leg­al Com­pet­it­ive­ness of the Busi­ness En­vir­on­ment (the “Amend­ing Act”) amended Act no. V of 2006 on Pub­lic Com­pany In­form­a­tion, Com­pany Re­gis­tra­tion and Wind­ing-Up.
19/01/2016
Emer­ging Europe M&A Re­port 2015/16
28/09/2017
Hun­gary: Trans­par­ency re­gister of be­ne­fi­cial own­ers
Dir­ect­ive 2015/849/EU, the Fourth Anti-Money Laun­der­ing Dir­ect­ive, has been im­ple­men­ted in Hun­gary by the new anti-money laun­der­ing act (Act LIII of 2017 on the Pre­ven­tion and Com­bat­ing of Money Laun­der­ing and Ter­ror­ist Fin­an­cing, the “Act”).
12/12/2014
CMS named CEE Leg­al Ad­viser of the Year at the Mer­ger­mar­ket...
25/09/2017
Hun­gary: A new way to move an EU-res­id­ent com­pany's re­gistered seat...
Re­cent modi­fic­a­tions of Act no. CXL of 2007 on the Cross Bor­der Mer­ger of Lim­ited Li­ab­il­ity Com­pan­ies (the “Cross Bor­der Mer­ger Act”), ef­fect­ive from 23 June 2017, in­tro­duced a new, sim­pli­fied pro­ced­ure for cross bor­der mer­ger that en­ables com­pan­ies from oth­er.
29/07/2014
In­ter­na­tion­al private equity
13/09/2017
Hun­gary: In­vest­ments by non-EEA in­vestors in cer­tain sec­tors to re­quire...
A new pro­pos­al (“Pro­pos­al”) has been sub­mit­ted to modi­fy Act CXXV of 1995 on Na­tion­al Se­cur­ity Ser­vices, which, if ad­op­ted, would re­quire per­sons hold­ing cit­izen­ship of or com­pan­ies re­gistered in a coun­try that is out­side the European Eco­nom­ic Area to re­quest.
29/11/2016
Tips and con­sid­er­a­tions when plan­ning an as­set or busi­ness trans­fer
The num­ber of as­set deals in­volving branch of­fices in Hun­gary are in­creas­ing. Due to EU pass­port­ing op­por­tun­it­ies, fin­an­cial in­sti­tu­tions and in­sur­ance com­pan­ies are in­clined to op­er­ate in the form of a branch of­fice in Hun­gary in­stead of es­tab­lish­ing an in­de­pend­ent.
03/10/2016
Hun­gary: Ex­ec­ut­ive of­ficer li­ab­il­ity changed in mod­i­fied Civil Code
On 13 June 2016, the Hun­gari­an Par­lia­ment ad­op­ted modi­fic­a­tions to the Hun­gari­an Civil Code which ad­dresses, among oth­er mat­ters, the li­ab­il­ity of ex­ec­ut­ive of­ficers of a com­pany. The modi­fic­a­tion was ne­ces­sary to cla­ri­fy con­fu­sion re­gard­ing joint li­ab­il­ity.