HAVEL & PARTNERS has led comprehensive legal advisory services in a substantial international facility management deal. The law firm represented B+N Referencia Zrt., a private Hungarian group acquiring the operations of the Danish group ISS Facility in Central and Eastern Europe. The transaction has made the Hungarian group one of the most important facility management providers in the region.  

The ISS group is one of the key international players in the facility services market. With over 400,000 employees, it offers services to thousands of customers worldwide. The acquisition deal concerned in particular the group’s subsidiaries in the Czech Republic, Slovakia, Romania and Hungary, employing a total of 4,000 staff and reporting an annual turnover of EUR 70 billion.

During the acquisition, HAVEL & PARTNERS team of experts provided M&A advisory services to the Hungarian investor and coordinated the legal due diligence. The team also led the negotiations over the comprehensive contractual documents and rendered additional related services, including competition advice.

The team engaged in the transaction included partner Jan Koval, managing associate Robert Porubský and senior associate Ivo Skolil.

The B+N Referencia Zrt. group offers cleaning, technical, security and catering services to its clients, which include significant companies and government institutions. In two decades, it has become the industry leader in the Hungarian market. In the long run, the company has ranked among the TOP 500 Hungarian companies with the largest sales. The international expansion to other key markets in the CEE region is another logical step for the Hungarian company. With the deal closed, the number of people employed by the group now exceeds 10,000.