Baker McKenzie advised Central Europe-focused private equity firm
ARX Equity Partners in completing a majority buyout of Hungarian professional services company Klient Holding that specialises in outsourcing accounting and payroll services, and currently has sales in the region of €5m.
According to ARX, accounting firms represent attractive investment opportunities for private equity funds, as their operations are recession-resilient owing to the low operational risk and recurring cash flow status.
Baker McKenzie's team was led by Senior Counsel Pál Takács and supported by Senior Associate Dániel Orosz.
