Described as the "golden standard" by a rival, Andrékó Kinstellar breaks into the top tier this year. There is common agreement among market commentators that the firm has been very visible....
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Described as the "golden standard" by a rival, Andrékó Kinstellar breaks into the top tier this year. There is common agreement among market commentators that the firm has been very visible. "Kinstellar are very strong in capital markets," says one partner.
Clients have been pleased with the service, as one says: "The experience was good. They made quality documents and did it on time. The legal advice was valuable". The firm is also seen as good value for money. "They're good value, since Kinstellar are not as expensive as Linklaters was [Kinstellar was formed by a group of ex-Linklaters partners]," says one client.
Csilla Andrékó is very active on the firm's deals and has been drawn out for much praise by her peers. "Csilla was a partner at Linklaters. She has tremendous experience and is very well respected," says one peer, adding that "she should be singled out".
The firm assisted MOL in the setting up of its very first Hungarian law governed domestic bond programme for €370 million last year and acted on the first bond issuance under the programme. It is so far the only one of its kind in Hungary and marked the first non-bank domestic bond programme for several years.
Elsewhere, the firm helped E-Star establish a €40 million domestic bond programme. The deal also involved due diligence and refinancing aspects.
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Andrékó Kinstellar climbs up into the third tier this year. The firm has been active in M&A over the last 12 months and market commentators believe that its rightful place is here....
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Andrékó Kinstellar climbs up into the third tier this year. The firm has been active in M&A over the last 12 months and market commentators believe that its rightful place is here. "Kinstellar is former Linklaters. After they left, their activity diminished," one partner says. Nonetheless, as another partner states: "We saw them twice last year. There's no question that they've got a market presence".
Led by Ádám Máttyus, Kinstellar advised FN Cable Holdings on the €46 million sale of its Hungarian subsidiaries to Magyar Telecom. Furthermore, the firm was involved in one of the largest regional M&A deals of 2010 when it advised Turk Telekom on the €221 million acquisition of a part of the wholesale business of Invitel in CEE.
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Andrékó Kinstellar moves up a tier this year. "The strong banking part of project finance is led by [Csilla] Andrékó and they have a strong energy practice," says a peer....
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Andrékó Kinstellar moves up a tier this year. "The strong banking part of project finance is led by [Csilla] Andrékó and they have a strong energy practice," says a peer. Testament to the visibility of the firm, a partner of a reputable firm listed Kinstellar as a firm they regularly work with.
Andrékó has built herself quite a reputation in Hungary. "In Kinstellar, we would like to emphasise Andrékó for pure banking," says one peer. Additionally, the market now understands that the firm holds a significant portion of energy finance mandates.
The firm gave lender-side advice to Pannon Széleromu on its €16 million 15MW potential capacity wind energy farm. This included drafting and negotiating finance sector specific documentation, a due diligence exercise and advice on specific regulatory rules and limitations. The firm also advised a consortium of banks led by MKB, Deutsche Pfandbriefbank and UniCredit on the €384 million refinancing of West End City Centre (one of the biggest shopping malls in CEE - Central & Eastern Europe).
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