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Kinstellar advises Hiventures on Global Web Solutions investment

Kinstellar, which brands itself as Emerging Europe and Central Asia’s leading independent law firm, advised regional venture capital investor Hiventures Zrt. on its investment in Global Web Solutions Kft., a Hungarian company providing online HR services to SSCs, according to a press release the firm sent to the Budapest Business Journal.

“We are delighted to have advised Hiventures on this historic transaction, and to have been able to demonstrate our commitment to the Hungarian start-up ecosystem,” said Anthony O’Connor, partner at Kinstellarʼs Budapest office. “Technology investments are becoming increasingly dominant in the context of European M&A – our expertise in M&A and TMT ensures we understand the market evolution and can provide strategic advice to our clients, whether they be founders, corporates or investment funds such as Hiventures,” he added.

The parties signed the transaction documents on August 17. The Kinstellar team was led by O’Connor, and consisted of managing associate Ákos Mátés-Lányi, associate Ágnes Zsófia Szabó and junior associate Noémi Kalmár.

Hiventures is one of the largest venture capital investors in Central and Eastern Europe, according to the Kinstellar press release.

Global Web Solutions offers services ranging from operating job portals to organizing community events and parties and developing a cloud-based recruitment program called MagellanPass.