Next Generation Partners

Firms To Watch: Commercial, corporate and M&A

PwC Legal Bulgaria Partnership handles a range of corporate mandates, comprising M&A transactions, share acquisitions and corporate reorganisations, that are often cross-border in nature and benefit from the close collaboration with the firms international offices.

Commercial, corporate and M&A in Bulgaria

Boyanov & Co.

With a particularly strong M&A practice, Boyanov & Co. maintains a client roster that encompasses banks and insurance companies as well as national and international conglomerates and handles both nationally significant acquisitions as well as the Bulgarian legal aspects of complex cross-border transactions. The team operates across a broad range of sectors, including energy, real estate and digital, and next to their expertise in transactional mandates are also well versed in corporate reorganisations. Yordan Naydenov focuses on large M&A transactions, reorganisations and greenfield investment projects and jointly leads the team with commercial law specialist Raina Dimitrova. Mihail Vishanin strengthens the team and contributes his extensive experience assisting and leading cross-border M&A transactions.

Praxisleiter:

Yordan Naydenov; Raina Dimitrova


Weitere Kernanwälte:

Alexander Chatalbashev; Borislav Notovsky; Nedyalka Novakova; Mihail Vishanin


Referenzen

‘Great experience in commercial law, reliability, prompt response, friendly atmosphere.’

‘Yordan Naydenov offers a real personal approach and advise to client’s legal problems.’

‘The firm provided reliable and effective services without overcomplicating things. Their team is knowledgeable and client-focused, ensuring a smooth and satisfactory experience.’

Kernmandanten

Eurobank Bulgaria AD


NOTE AB (publ)


Valantic GmbH


Rezolv Energy (part of Actis Group)


Tietoevry Oyj


Aurelius Group


Borealis AG


Synechron, Inc.


Deluxe Corporation


Vallenova Limited


Nippon Express Holdings


Generali CEE Holdings


Highlight-Mandate


  • Advised Rezolv Energy on a transaction for the acquisition of a Bulgarian company developing the largest so far PV project in Bulgaria with a capacity of 229 MW AC.
  • Advised valantic GmbH on the acquisition of majority shareholding in AIOPS Group AD.
  • Advised and represented Eurobank Bulgaria in connection with the issuing of the needed concentration clearance and regulatory permits for the completion of the acquisition of BNP Paribas Personal Finance.

CMS

CMS’ commercial, corporate and M&A team is dedicated to high-value cross-border M&A transactions, while also handling a series of commercial matters, including the drafting of commercial contracts and franchising agreements, disputes, compliance, regulatory advice and consumer protection matters. The firm's clients comprise national and international companies across the banking and finance, IT, energy and renewable energy sectors. The team is led by four practitioners: Atanas Bangachev, who focuses on M&A transactions, Assen Georgiev, who is a key contact for litigation cases, Dimitar Zwiatkow, who handles portfolio transactions, and Gentscho Pavlov, who excels across M&A, restructuring, banking and regulatory mandates. Nevena Radlova is a key contact for commercial matters, namely business agreements, regulatory and compliance matters, as is Konstantin Altandzhiyski, who focuses on M&A, corporate governance and capital markets and joined the team from Wolf Theiss in March 2024.

Praxisleiter:

Atanas Bangachev; Assen Georgiev; Dimitar Zwiatkow; Gentscho Pavlov


Weitere Kernanwälte:

Nevena Radlova; Ivan Gergov; Desislava Anastasova; Konstantin Altandzhiyski


Kernmandanten

YGY Industries


Betainvest Ltd


EKO Bulgaria


B2 Holding ASA


UniCredit Bulbank


Highlight-Mandate


  • Advised EKO Bulgaria on a wide range of commercial matters.
  • Advising Betainvest Ltd. in its capacity as a seller of 92.66% of Integra Plastics AD, a Bulgarian advanced mechanical recycling company, on the process of selling the shares of Integra Plastics AD.
  • Advising the Norwegian financial conglomerate B2 Holding ASA on the entire sale process of its Bulgarian subsidiary “Debt Collection Agency” JSC.

Djingov, Gouginski, Kyutchukov & Velichkov

Djingov, Gouginski, Kyutchukov & Velichkov delivers first-rate expertise on high-value M&A transactions, including joint ventures and divestitures, post-M&A advice related to tax and corporate business structures, while also handling private equity and venture capital transactions and investments. The practice advises a series of global corporations, strategic investors and PE- and VC-funds, increasingly those that operate in the IT, tech and software industries. Jointly leading the team are Zdravka Ugrinova, who focuses on local and cross-border M&A and private equity transactions, and Violetta Kunze, who covers M&A and corporate law, particularly in the TMT sector. Valentin Bojilov, who advises on strategic investments, joint ventures and corporate law, and Ralitsa Gougleva, who handles corporate mandates particularly those relating to data protection, are key team members.

Praxisleiter:

Zdravka Ugrinova; Violetta Kunze


Weitere Kernanwälte:

Georgi Tzvetkov; Valentin Bojilov; Ralitsa Gougleva; Gergana Monovska; Silviya Apostolova; Ivan Punev


Referenzen

‘Georgi Tzvetkov was brilliant for us. Knew his stuff and we managed to iron out a great structure for what we wanted.’

Kernmandanten

PPF Group NV


Bianor


Tick42 AD


M2M Group of companies


Accenture Holdings B.V.


Laboratory Corporation of America Holdings (LabCorp)


Taylor Corporation


SCHREIBER EUROPE S.L.


Come Forth Capital


CBRE Group


Silverline Partners – Fund KD


Juniper Education Holdings Limited


Hyundai Mobis Co., Ltd


Addev Materials SAS


Cineworld Group PLC


Trinity Capital AD


Dreamix OOD


AE Corp UK Limited (AtlasEdge)


OnProcess Technology Inc.


Zayo Group


Highlight-Mandate


  • Advised PPF Group NV on the Bulgarian law aspects of the divesture of a stake of 50% plus one share in PPF Group NV’s telecoms assets in Bulgaria, Hungary, Serbia and Slovakia to Etisalat by e&.
  • Advised Bianor Holding AD on the acquisition of a number of software companies, including specifically: (i) Itido Technologies OOD and Databreathe EOOD, (ii) Bulbera EOOD, and (iii) GoToAdmins Group OOD.
  • Advised Tick42 AD in relation to the legal and tax structuring of its merger with its US based competitor Finsemble Inc.

Kambourov & Partners

Kambourov & Partners’ corporate and M&A team provide comprehensive legal advice to national and international clients across the IT, manufacturing, energy and telecoms sectors, where the team continues to excel across large cross-border M&A mandates, as well as advising on strategic investments, reorganistions and restructurings. Vladimir Rangeloff, who has long-term experience in M&A projects as well as corporate finance, private equity and post-M&A restructurings, and Veronika Hadjieva, who increasingly works on large transactions in the IT space, jointly lead the team. Other key members of the department include Angel Rizov, whose expertise lies in M&A transactions, Christian Dimitrov, who often handles corporate matters, including advice on corporate governance and regulatory matters, and Todor Vlaykov, who is well versed in cross border M&A transactions and divestments.

Praxisleiter:

Vladimir Rangeloff; Veronika Hadjieva


Weitere Kernanwälte:

Angel Rizov; Christian Dimitrov; Todor Vlaykov


Referenzen

‘Their team was thorough, responsive and offered clear, practical advice that helped us navigate complex workplace matters and we appreciate the professional support which insures high success level including in court proceeding.’

‘Provided excellent support on commercial, corporate and M&A law issues. A special appreciation to Christian Dimitrov and Veronika Hadjieva, who were thorough, responsive and offered clear, practical advice that helped us navigate complex workplace matters and we appreciate the professional support which insures high success level.’

‘I have had the pleasure of working with Kambourov & Partners for over a decade, and during this period, the firm has consistently demonstrated why they are a top-tier choice for Corporate, Commercial, and M&A matters. A strength to highlight is their ability to navigate highly complex transactions with efficiency and precision. Whether it’s a cross-border merger, acquisition, restructuring, the team has always shown a firm grasp of the complex legal, regulatory, and financial aspects involved.’

Kernmandanten

United Group


Triton Partners


Sega Sammy Holdings Inc. (Japan)


Arlington Capital Partners


WestBridge


NitroPack


Vivacom


Yotta Capital Partners


NetInfo


Kaufland


Trafigura


eWave


Kamenitza


Bulgarian Weightlifting Association


Regiocom


Atscale


Dentatechnika


Maxima


New Work Offices


Bulgarian Football Union


3E


Dentstore


Highlight-Mandate


  • Advised Triton Partners on the Bulgarian aspects of the carve-out and acquisition of Siemens Energy’s high-voltage component business, Trench.
  • Advised Sega Sammy Holdings Inc. (Japan) on the Bulgarian aspects of the acquisition of GAN.
  • Advised Arlington Capital Partners on the local aspects of the equity purchase of August Research (US).

Kinstellar

Kinstellar’s corporate expertise comes to the fore in large cross-border M&A transactions, joint ventures and infrastructure acquisitions, with the team also frequently advising on restructurings and the corporate aspects of business entries into the Bulgarian market. Diana Dimova and Nina Tsifudina jointly lead the team, with Dimova being a key contact for a range of corporate matters including M&A- and PE-transactions, public tenders and restructurings, and Tsifudina focusing her practice on corporate matters in the TMT and banking sectors, where she frequently assists private equity and venture capital firms. Further key names in the team are senior associates Denitsa Kuzeva, who handles corporate governance mandates, and Nikolay Gergov, who focuses on M&A. Senior counsel Boryana Boteva, who brings expertise in share and asset transactions, joined the team in January 2024 from Sabev & Partners Law Firm.

Praxisleiter:

Diana Dimova; Nina Tsifudina


Weitere Kernanwälte:

Boryana Boteva; Atanas Mihaylov; Denitsa Kuzeva; Nikolay Gergov


Referenzen

‘A very skilled and dedicated team, with plenty of sector-wise know-how. As of late, a lot of emphasis has been placed on tech-based approach to working processes, with the team visibly present in this sector.’

‘Team Bulgaria: Diana Dimova certainly stands out as the managing partner, leading the most complex cross-border jurisdictions. Nina Tsifudina has been a pleasure to work with on various regional advisory mandates.’

‘Kinstellar’s Commercial, Corporate, and M&A team stands out due to its deep industry knowledge, tailored client service, and a strong track record in complex transactions across multiple jurisdictions. Their expertise spans a wide range of industries, including technology, energy, financial services, and healthcare.’

Kernmandanten

TAWAL


Total Specific Solutions


Eleven Capital


YouGov plc


United Energy Group


Mitiska European Real Estate Partners 3


United Bulgarian Bank AD


UKG Inc.


MET Group


Glavbolgarstroy Holding


GIC Private Limited


Highlight-Mandate


  • Advising TAWAL on the acquisition of the telecommunication infrastructure of United Group B.V. in Bulgaria, Croatia and Slovenia, consisting of more than 4,800 towers, for EUR 1.2bn
  • Advising United Energy Group on the acquisition of Green Profit EOOD, a developer of two photovoltaic power plant projects with approximate total capacity of 250 MW, for EUR 37.5m.
  • Advising YouGov plc on the EUR 315m acquisition of the European Consumer Panel Business of GfK.

Penkov, Markov & Partners

Penkov, Markov & Partners frequently advise on complex cross-border transactions and domestic energy infrastructure acquisitions, with a recent focus being on PV park acquisitions, while also being active in the insurance, life sciences and real estate sectors. Furthermore, the firm handles diverse corporate mandates, comprising restructurings, corporate governance and share purchase agreements. The team is led by a trio of practioners: Nikolay Cvetanov, who focuses on M&A and private transactions, with a sectoral focus on TMT and banking, Boris Lazarov, who has long term experience in large cross-border transactions, and Roman Stoyanov, who advises on M&A transactions, privatisation deals, investments and ongoing corporate matters.

Praxisleiter:

Nikolay Cvetanov; Boris Lazarov; Roman Stoyanov


Weitere Kernanwälte:

Boris Strijlev; Tihomir Tishev; Patrizia Foffo; Atanas Valov; Maria Pashalieva; Anelia Licheva; Milena Gaydarska; Ivan Markov


Referenzen

‘Penkov, Markov & Partners have very recognisable M&A practice and a large team of lawyers in it. We have worked with several of their partners through the years. They work on M&As in many sectors and are very experienced in any type of contractual documents and formats, as well as in any accompanying procedures before administrative authorities.’

‘Milena Gaydarska is outstanding person with deep knowledge, expertise and devotion to work.’

‘This law firm stands out due to its commitment to combining deep legal expertise with a client-first approach. The practice is built around understanding each client’s specific needs and delivering tailored legal solutions. The team is made up of highly skilled attorneys who have specialised knowledge across diverse practice areas such as corporate law, litigation, intellectual property, and regulatory compliance. What sets them apart is their ability to navigate complex, high-stakes legal challenges with precision and efficiency.’

Kernmandanten

Vienna Insurance Group


Green Line Group AD


Invenio Partners Fund II SCSp


Unilink S.A.


BSPF (Property 2) LIMITED


Pension Assurance Company Doverie AD


MVB Truck & Bus Bulgaria EAD


Tiger Technology AD


Wealthlock Ltd.


STAMH LTD


Karelia Bulgaria EOOD


Arteks Engineering AD


Mondi Stambolijski EAD


Zagorka AD


BA Glass Bulgaria AD


Infinity Capital AD


Klett Lernen und Information


Roberto Santorelli


Eurostar EOOD


Peltina OOD


ABBA


Cancham


Grund I.G. Immobilien GmbH


EUROWIND ENERGY A/S


Atland Investment AD


Highlight-Mandate


  • Advised Vienna Insurance Group AG on the sale of 10% of its share participation in PAC Doverie AD to IFC for USD 20,850,000.
  • Advised Mania Group and its shareholders on the USD 45,000,000 acquisition of Green Line Group AD.
  • Advising Invenio Partners Fund II SCSp on the restructuring of the debt of Software Group BG AD and on the conversion of loans into shares participation in the company in aggregate amount of EUR 37,000,000.

Schoenherr

Schoenherr’s corporate capacities are primarily applied in the context of large national and cross-border acquisitions and take overs primarily in the TMT, IT and renewables sectors, where the team employs an interdisciplinary approach to advise on the related regulatory, real estate and finance aspects of deals. Further areas of expertise include private equity investments, reorganisations and day-to-day corporate law support. Alexandra Doytchinova, who specialises in investments and market entries in Bulgaria, corporate restructurings and divestments, and Ilko Stoyanov, who regularly advises investment funds on M&A transactions, are joint practice heads. Katerina Kaloyanova-Toshkova and Stela Pavlova-Kaneva are key contacts in the team and both have extensive experience advising on domestic and international M&A transactions in the telecoms, energy and manufacturing sectors.

Praxisleiter:

Alexandra Doytchinova; Ilko Stoyanov


Weitere Kernanwälte:

Stela Pavlova-Kaneva; Katerina Kaloyanova-Toshkova; Tereza Shishkova; Silvia Ribanchova; Gergana Roussinova-Ivanova


Referenzen

‘Very experienced, responsive, and constructive.’

‘Ilko Stoyanov – very experienced, constructive in negotiations, and diligent.’

‘The Schoenherr team is comprised of highly skilled lawyers with extensive knowledge of the market and potential transaction challenges. They are proactive, detail-oriented, and leave no room for uncertainty. Alexandra Doytchinova and Stela Pavlova-Kaneva excel in negotiations and possess a deep understanding of the market, relevant legislation, and the commercial aspects of the business.’

Kernmandanten

Emirates Telecommunications Group Company (“e&”)


AU Optronics


Smurfit Kappa Europe B.V


CVC Capital Partners


Lufthansa


GfK, including GfK Bulgaria


Hypercapital


Borealis


Cashwave


KKCG Group / Aricoma Group International AB


BlackPeak Capital


Oiltanking GmbH


Borealis AG


Bulstrad Life Vienna Insurance Group Bulgaria


Chaos Software


Dentatechnica


NTT DATA Business Solutions


United Group


OSRAM GmbH


Enery Development GmbH


MET Group


Poseidon S.A


Leoni AG


Offerista Group


Highlight-Mandate


  • Acted as local counsel to e& on the acquisition of a controlling stake in PPF Telecom Group’s assets in Bulgaria, Hungary, Serbia and Slovakia, Yettel and CETIN entities in Bulgaria, Hungary and Serbia and O2 and O2 Networks in Slovakia.
  • Advised Borealis AG on the acquisition of the Bulgarian polyethylene and polypropylene recycler Integra Plastics AD.
  • Advised Smurfit Kappa on the contemplated acquisition of a bag-in-box packaging business in Bulgaria.

Wolf Theiss

Wolf Theiss’ focuses on advising international investors, especially venture capital and private equity investors, on cross-border acquisitions, where the team provides a ‘seamless service’ in cooperation with their other offices and departments across Europe. The team also excels in large cross-border M&A mandates, while also providing ongoing legal advice to corporate clients on product supply agreements and various other commercial contracts. Richard Clegg leads the team and concentrates on the technology and regulated sectors, where he leads on diverse PE and M&A transactions. Anna Rizova is a key contact and is experienced in market entry and business expansions in Bulgaria, while at associate level Staniella Todorova provides support on contract negotiations and drafting, including share purchase agreements and shareholders agreements.

Praxisleiter:

Richard Clegg


Weitere Kernanwälte:

Anna Rizova; Radena Tzvetanova; Staniella Todorova; Maria Nikolova; Kristian Yabalkarov


Referenzen

‘The Wolf Theiss team supported us on a very complex M&A transaction. There advice was timely and practical and they helped us to deliver a seamless service.’

‘We were supported by: Richard Clegg, Radena Tsetanova and Kristian Yabalkarov all were extremely professional, collaborative and hard working and helped to deliver an outstanding service.’

Kernmandanten

Acrisure


Advent International Corporation


American Industrial Partners (AIP)


Antin Infrastructure Partners


Blue Star Innovation Partners (BSIP)


Edgecap Partners


Loren Networks


Micro Optics Europe


POP Global Holdings


Renalfa


Software AG


Virtusa Corporation


Highlight-Mandate


  • Advised Acrisure on its landmark acquisition of the Unilink Group.
  • Advised Software AG on the restructuring and sale of its Super Integration Platform as a Service (Super iPaaS) business to IBM.
  • Advised on the sell side of a Share Purchase Agreement for the acquisition of two photovoltaic projects (260 MWp) by UEG Clean Energy Investment Cyprus from Mr. Delcho Pehlivanov, facilitating the deal for Bulgarian company Green Profit EOOD and marking UEG’s first major investment in Bulgaria’s energy market.

CasePro

International corporations, fintechs and startups are among the regular clientele that CasePro advises, with a particular focus on cross-border M&A transactions, equity financing rounds and investments. The team is also adept at drafting various commercial contracts and handles ongoing corporate and regulatory advice. Practice co-head Damyana Lazarova has extensive experience on M&A transactions and focuses her practice on the fintech industry, while co-head Boyan Lazarov is a key contact for day-to-day corporate, commercial and employment matters. The practice was strengthened at associate level with the arrival of Rostislava Kutsarova in October 2023 from Deloitte Legal Law Firm, and again in January 2024 when Juliana Tsankova-Arsenova joined from Murgova & Partners Attorneys at Law.

Praxisleiter:

Damyana Lazarova; Boyan Lazarov


Weitere Kernanwälte:

Spartak Yovchev; Radost Doycheva; Nikolay Georgiev; Rostislava Kutsarova; Juliana Tsankova-Arsenova; Nikolay Dzhonev


Referenzen

‘Our experience working with Case Pro’s Commercial, Corporate, and M&A practice has been nothing short of exceptional. What makes their team truly unique is their deep understanding of complex corporate structures and their ability to provide strategic, forward-thinking advice. They consistently demonstrate unmatched expertise in navigating intricate M&A transactions, corporate governance, and commercial contracts.’

‘I have had the pleasure to work mainly with Boyan Lazarov and Damyana Lazarova. Both of them proved to be smart, organized and reliable advisor, having the explicit the personal and professional qualities necessary for making an excellent lawyer – young but reasonable, business-oriented, yet easy to communicate, competent and flexible.’

‘I have personally worked with Nikolay Dzhonev and I can confidently share he is smart, responsive and we always can count on his expertise and professionalism. I have been also highly impressed by my experience working with Damyana Lazarova and Boyan Lazarov.’

Kernmandanten

NEVEQ II


WHG Services (Bulgaria) Limited


SumUp Ltd.


SumUp Holdings Luxembourg S.a.r.l


SumUp Payments Ltd.


Taulia Bulgaria


Paysafe Bulgaria


Lufthansa Technik Sofia


Hesburger (Bulgarian Burger)


GrEco Bulgaria


Scale Focus


Breaktime


SumUp Services GmbH


Debitoor


Rhythm Engineering – Bulgaria


MariaDB Bulgaria


Intertainment Services Jsco


Astrea Staffing


Crypto.com


Enco Vending


Melexis Bulgaria


Milestone Systems Bulgaria


Tide Platform Ltd – Bulgaria Branch


OpenPayd Bulgaria


Astea Solutions AD


Debitoor Holdings Limited S.a.r.l


Lindstrom


Direct Credit Bulgaria


Defacto Retail Limited Sirketi Bulgaria Ltd.


Trust for Social Achievement Foundation


Fourth Bulgaria


Wealth Effect Management


Henkel Bulgaria


New Vision III Fund


Property Club EAD


Quanterall


Pontica Solutions


Glovoapp23, S.А.


Berry Smart Logistics


Ascent


Certria


Internet Securities Bulgaria


Digital Technology Center Commerzbank AG Sofia Branch BFC


Expert Solutions


TDB Play


Network Management Innovations


HyperScience


Sb Accounting & Consulting


Paysolut


GoodTill


Tiller France


Economedia


DSV Road


Nexo


Tendam


Commerzbank


Sportisimo


Certia


Mabsut Technology


SB Co AD


Industrial Software


AP Bulgaria LLC


America for Bulgaria Foundation


Joker Media Rental


Ten Dots


Obecto


ZCN ZOID LTD


New Vision Fund


SWM Fund Management


Rosalea OOD


Pontech BG EOOD


Sofia Electric Brewing OOD


Badu OOD


Amarant Bulgaria Ltd


Releva OOD


AE Solar Horizon AD


Sappience OOD


Tennis Maleeva AD


Smart Organic AD


International Vessel & Barge Chartering d.o.o


SAGA Labs EOOD


Lufthansa Industry Solutions


Soft Mx EOOD


Slakovtsi Solar Park EAD


Graovo Solar Park EAD


STRAT7 LLC


Anthill


FL Technics UAB


Dextrasoft OOD


Bayer


WP Engine Inc.


NitroPack Ltd.


SumUp Systems SL


SumUp SRL


Gem Inc.


OTP Leasing


Mercedes Benz


Capital Investment Fund


Dental Studio No 7


Pure Energy Ventures Limited, Cayman Islands


SEGA Black Sea


Axa Solutions, Inc.


Puzzle Recruitment


Sofia Service Solutions


Consensus Sales LLC – branch Bulgaria


ViTech AD


GCS Solutions


Tracksy


Juniper Education Holdings Limited


LFMI Media Services


Bio Food Industry


Augentic GmbH


Playflow


Bulgarian Development Bank (BDB)


Highlight-Mandate


  • Advised WPEngine, Inc. in their successful acquisition of NitroPack.
  • Advised Smart Organic in their public listing on the Bulgarian Stock Exchange.
  • Advised SumUp in their latest EUR 285m equity investment round lead by Sixth Street Growth, as well as on their EUR 1,5bn financing led by Goldman Sachs.

Deloitte Legal Law Firm

Domestic corporations and Bulgarian subsidiaries regularly turn to Deloitte Legal Law Firm for their advice on cross-border M&A, share and asset acquisitions as well as restructurings, including due diligence reports, merger clearance and contract negotiation. Jointly leading the team are Miglena Micheva, who next to expertise in corporate and M&A mandates, handles work in the healthcare, life sciences and pharma sectors, and Zvezdelina Filova, who is active in a range of practice areas including M&A, corporate and IP.

Praxisleiter:

Miglena Micheva; Zvezdelina Filova


Weitere Kernanwälte:

Konstantin Ivanov; Georgi Stefanov; Kristian Nemtsov


Kernmandanten

Kongsberg Gruppen ASA


Hellenic Dairies SA


Highlight-Mandate


  • Acted as the lead legal counsel Kongsberg Gruppen ASA, through its subsidiary Kongsberg Digital AS, which acquired 100% of InterConsult Bulgaria.
  • Advising Hellenic Dairies SA (HD) on the merger between UMC and a HD subsidiary Tyrbul.

Dimitrov, Petrov & Co

The corporate and M&A practice group at Dimitrov, Petrov & Co assists multinational and domestic companies, investors, start ups and high-net-worth individuals on M&A- and joint venture-transactions, including due diligence investigations and merger clearance, while also handling diverse corporate mandates such as restructurings and share transfer agreements. Practice head Zoya Todorova is well versed in large M&A transactions, restructurings and contract drafting and negotiation across the tech, pharma, energy and retail sectors and is supported by Radina Tomanova who assists on M&A, PE and VC transactions.

Praxisleiter:

Zoya Todorova


Weitere Kernanwälte:

Boyana Milcheva; Radina Tomanova; Ana-Mari Eremieva; Rositsa Vasileva


Referenzen

‘DPC stands out for its expertise of quite a number of business lines, relevant in our case in the recent past collection, financial services and IT, allowing them to offer more relevant legal as well as strategic advice. They have been my top choice for the vast majority of needs in the Bulgarian market, and in particular M&A transactions.’

‘Radina Tomanova stands out for her deep expertise in M&A, paired with a client-focused approach and excellent attention to detail. Zoya Todorova, as Managing Partner, leads with strategic insight, exceptional leadership, and a strong track record in complex regulatory matters.’

‘The team is able to deliver high-quality work under tight deadlines and to adapt legal strategies to specific business models and sectors. They provide a wide range of services that address all stages of our business’s life cycle.’

Kernmandanten

TPXimpact Holdings


Payzzter, part of eCollect


New Capital Management, part of Agrix Group


Andermatt Group


Evrotrust Technologies


Ergomed Group Limited


Limburgse Reconversie Maatschappij (LRM)


BSM Chemical Co. LTD


Sisecam Group


Evrotrust Technologies


Highlight-Mandate


  • Advised TPXimpact in the sale of its subsidiary in Bulgaria to Nortal AS.
  • Advised Marc Schillinger and Panagiotis Dermitzian, founders of a financial services provider, on the sale of their businesses in Switzerland -eCollect AG, and in Bulgaria – Payzzter Bulgaria.
  • Advised Evrotrust Technologies in securing an investment round of EUR 3.3m from the private investment fund Silverline Capital.

Hristov & Partners

Hristov & Partners corporate expertise spans majority stake acquisitions, merger control procedures, post-merger restructuring advice and related tax aspects as well as contract negotiation and drafting, where they represent corporates across technology, real estate and consumer goods, often handling cross-border mandates in collaboration with European partner firms. Pavel Hristov leads the team and handles M&A, joint ventures as well as related anti-trust and competition law, as does Dragomir Stefanov, and both are praised as ‘outstanding lawyers with deep expertise of local law’. Stefanov was promoted to partner in November 2023.

Praxisleiter:

Pavel Hristov


Weitere Kernanwälte:

Dragomir Stefanov


Referenzen

‘Really amazing team, fully committed, all services delivered with excellent quality!’

‘All people we worked with actually were amazing. Pavel as owner, Dragomir as senior attorney.’

‘Hristov & Partners combines outstanding legal expertise, experience in local implementation of global projects with commercially sounds and client-tailored advice. All team members are very responsive and capable of providing pragmatic guidance to global clients.’

Kernmandanten

Broadcom Inc.


Enterprise Investors


Renters.pl


GEP


Spectrum Brands


Rippling


Reckitt Benckiser Inc.


Integrity Capital Investments


Sitecore


ALD Automotive


Athletic Commerce


IWG


Highlight-Mandate


  • Advised Broadcom Inc. on restructuring matters related to the sale of VMware’s EUC business to KKR.
  • Advised Renters.pl on the acquisition of a majority stake in Flat Manager.
  • Advised Integrity Capital Investments on its co-investment in innovative start-up companies Iris AI, Abraxa, and Nasekomo.

Andrey Delchev and Partners - Eurolex Bulgaria

Andrey Delchev and Partners - Eurolex Bulgaria provides a comprehensive corporate and commercial advisory service to a series of Bulgarian and international companies, where the work concerns regulatory advice, commercial agreements, corporate governance, investment advice and M&A transactions. Andrey Delchev has extensive experience across many legal sectors, including commercial law, which he applies in the context of large development projects, and Magdalena Valova who advises public bodies and private companies on concessions law.

Praxisleiter:

Andrey Delchev; Magdalena Valova


Weitere Kernanwälte:

Boriana Chotekova; Dimitar Delchev; Nedko Radev; Ivailo Toskov


Referenzen

‘Collective experience: Decades of combined expertise in legal sector. Specialised Knowledge: Advanced certifications, training, and thought leadership. ⁠Diverse Perspectives: A team with varied backgrounds and expertise.⁠ ⁠Commitment to Excellence: Ongoing professional development and improvement. ⁠Passionate Advocacy: Tireless dedication to client success.’

‘Standout characteristics are unparalleled knowledge and experience in their respective fields, creative problem-solvers with a forward-thinking approach and genuine commitment to delivering exceptional results.’

‘We are very happy with the law firm and the team we work with. They have always found the best solutions to our problems. They advise us on all day-to-day legal matters of its operations from contracting to corporate governance to concessions agreements to acquisition of other mining companies, as well as whistleblowing policies.’

Kernmandanten

Asarel – Medet JSC


Radioplay Media (Fresh Media Group)


Trace Group Hold AD


Anvi International Education and Travels Private Limited


“Noventiq” EOOD


DK Energy Bulgaria EAD


Nova City Group


Gedeon Richter Bulgaria


F&B Analysis AD


Forest Consult & Co Ltd


Highlight-Mandate


  • Provision of full legal services Radio Media Group – on legal matters ranging from all day-to-day corporate and commercial legal matters.
  • Advised Assarel-Medet JSC (the largest mining company in Bulgaria) on various day-to-day legal matters related to its business operations and corporate governance.
  • Provision of full legal services to Gedeon Righter BG, namely representation in corporate and commercial matters on Bulgarian legal issues arising from their business operations.

BWSP Ilieva Voutcheva & Co Law Firm

BWSP Ilieva Voutcheva & Co Law Firm’s corporate and commercial capacities are primarily applied in the context of M&A transactions, corporate restructurings and the negotiation and drafting of SPA’s and shareholder agreements, frequently for clients in the healthcare sector. Diliana Ilieva, who focuses on M&A transactions and corporate financing in the energy sector, leads the practice alongside Rossitsa Voutcheva, who has expertise in the corporate, M&A, real estate and construction legal sectors.

Praxisleiter:

Diliana Ilieva; Rossitsa Voutcheva


Weitere Kernanwälte:

Viktor Ivanov


Referenzen

‘Strong team, which is available around the clock for complex tasks and working well under time pressure.’

‘Rossitsa Voutcheva has been leading multiple projects for us and she is a standout performer with straightforward attitude and solid understanding of best market practices.’

‘It is a pleasure to work with Ms. Voutcheva and Mr. Ivanov. Their advice is tailor-made. What separates them from the rest of the law firms I have worked with is that they do not offer the services I want, but the services I need. Often times I have come to them with a specific request and they identify that I require a different approach.’

Kernmandanten

Atlas Copco Bulgaria Ltd.


Castello Precast Ltd.


Castello Precast Construction Ltd.


Tessa Energy Ltd.


SAT Health Jsc.


INVENIO PARTNERS FUND II SCSp


CPC Europe Ltd.


Gano Excel Ltd.


Hec Solar Ltd.


Vittoria Pharma Ltd.


Renergy Ltd.


4S4Group


NDB Ltd.


Lufthansa Group


Highlight-Mandate


  • Advised SAT Health Jsc. on acquiring Polyclinics Bulgaria.
  • Advising LAVS Ltd. in their attempted acquisition of a hotel in Greece.
  • Advising NDB Ltd. on corporate restructuring, managing the entire spin-off process of IT and Real Estate business.

Dinova Rusev & Partners

Dinova Rusev & Partners acts for Bulgarian companies and subsidiaries across the banking and finance, real estate and energy sectors, where they support various corporate transactions, including share purchase agreements, IPOS and increasingly in the reporting period SPV sales. Practice co-head Anelia Dinova is a key contact for M&A transactions, real estate asset acquisitions and the preceding due diligence, and co-head Ivelina Cherneva is active in competition, advertisement compliance and consumer protection cases, next to her commercial and M&A focus.

Praxisleiter:

Anelia Dinova; Ivelina Cherneva


Weitere Kernanwälte:

Georgi Vladov; Iliya Grozdanov


Referenzen

‘Their deep research of the cases as well as their exhaustive replies to our queries, presented in a completely understandable manner. Our company works mainly with Iliya Grozdanov and Sofia Dimitrova.’

‘They are reliable and care for our needs.’

‘They are accurate and professional. I feel safe when working with them.’

Kernmandanten

Transmetrics AD


I-Cover Services Limited


CRD Sport


AP Retail I EOOD


Northrop Grumman


Imerys Minerals Bulgaria


Sofia Hotel Balkan AD


Economou Shipping


Devico Bulgaria EOOD


Gentlemen


Astron Chemicals


KWP


Greenville Bulgaria


Highlight-Mandate


  • Acting for a leading UK law firm in an international M&A transaction that includes Bulgaria.
  • Acting for the real estate group company on a major regional bank in the implementation of restructuring and disposal of its assets-holding in Bulgaria.
  • Acting on behalf of a major Greek petrol company in the legal due diligence for the acquisition of a petrol stations network in Bulgaria.

Eversheds Sutherland

Eversheds Sutherland supports clients across a range of sectors, including pharma, manufacturing and consumer goods, on cross-border M&A transactions, corporate reorganisations, business entry into the Bulgarian market, and ongoing corporate and commercial matters. Irina Tsvetkova specialises in M&A and PE-transactions and post-deal structuring, and leads the team next to Nikolay Bebov, whose focus is on banking and capital markets, and M&A projects in the financial sector.

Praxisleiter:

Irina Tsvetkova; Nikolay Bebov


Weitere Kernanwälte:

Victoria Tzonkova; Eleonora Mateina; Philip Kiossev; Martina Dimitrova


Referenzen

‘A strong firm with diverse capabilities and a very good reputation. Staff is composed of lawyers various in profile, age and specialisation.’

‘Eleonora Mateina has a lot of passion, energy, brains and hands-on approach.’

‘They are extremely professional in any aspect of cooperation, they have knowledge about the business of the client and are a dedicated team. What is really unique about Eversheds Sutherland is the genuine relationship they manage to build with the client based on knowledge, professionalism and trust, which makes them a truly reliable partner.’

Kernmandanten

Villeroy & Boch


AstraZeneca Bulgaria


Japan Tabaco International


Royal Canin Bulgaria


Green Innovation


TE Connectivity Germany GmbH


THIES VERWALTUNGS GmbH


Viterra Romania


Highlight-Mandate


  • Advised Villeroy & Boch on the acquisition of the Bulgarian sanitary manufacturer Ideal Standard- Vidima.
  • Advising AstraZeneca Bulgaria on all commercial agreements such as marketing agreements for pharmaceuticals, agreements for co-payment programmes and emergency channels, agreements for patient programmes, public procurement agreements, distribution agreements, and regulatory matters.

Georgiev, Todorov & Co

Georgiev, Todorov & Co primarily advises clients in the energy sector and has recently been active on various ongoing corporate and commercial mandates, including insolvency disputes, advice to company shareholders and share transfers. Practice head Tsvetelina Dimitrova is well versed in transactions, disputes and the drafting of commercial contracts.

Praxisleiter:

Tsvetelina Dimitrova


Weitere Kernanwälte:

Tsvetelina Mileva; Dobrina Pavlova


Referenzen

‘This team consistently delivers exceptional results with a unique combination of expertise, innovation, and collaboration.’

‘All of the individuals have been top notch, consistently demonstrating strong expertise, responsiveness, and a commitment to delivering quality results that sets them apart from competitors.’

‘Our impression from the team is that good professionals have been gathered, the work has been done competently, in a timely manner, with responsibility and good attitude towards customers’

Kernmandanten

Prohorovo Mining


Ciela Norma


Experian Bulgaria


Dundee Precious Metals Chelopech


Belozem Solar Park 3 LTD


Grand Energy Distribution


Heat Energy


Galaxy RE Ltd. |Galabovo Solar BG Ltd.


Bulsatcom


Solar Land


Highlight-Mandate


  • Advised Belozem Solar Park 2 on the approval by the Energy and Water Regulatory Commission of the merger of Agroconsult Invest (subsidiary of our client) into the licensee holder Belozem Solar Park 2.
  • Advised DORAL-SOLA PV DEVELOPMENT in the process of capital increase via issuing of new shares subscribed by a foreign investor.
  • Advised about the merger of Bulsatcom into Vivacom, thus becoming part of Slovenia Broadband group.

Gugushev & Partners Law Office

Gugushev & Partners Law Office regularly advises both national and international companies on M&A transactions as well as a broad range of corporate and commercial issues, namely corporate reorganisations and business structures, the drafting of corporate documentation and share transfer agreements. Victor Gugushev and Dimitrinka Metodieva lead the team together, with the former focusing on transactions and the related tax aspects, while the latter is adept in M&A transactions and PE- and VC-investments.

Praxisleiter:

Victor Gugushev; Dimitrinka Metodieva


Weitere Kernanwälte:

Daniela Petkova; Kiril Gyorev; Mihaela Dimitrova; Stefan Gugushev


Referenzen

‘One of the most reputable law firms on the market. Large team covering all aspects of the law. Outstanding quality of service.’

‘Victor Gugushev, a partner of all trades. Very involved with charity and community. Active in all aspects of law.’

‘The team has always delivered the results they promised. They are flexible, responsive and, most importantly, great at what they do.’

Kernmandanten

Minority shareholders in Icom Ltd.


Alfastar Ventures JSC


Next Basket JSC


Malex Management Ltd.


Malex Management Ltd. and VIG 14 EOOD


SIL Energy Invest AD


Flat Manager


Flat Manager


Rush Ltd.


Highlight-Mandate


  • Advised the founders of Flat Manager AD on the sale of a majority stake to Renters Sp. z o.o.
  • Advised SIL Energy Invest AD on the acquisition of a stake in International Power Supply JSC.
  • Advised Rush Ltd. on the sale of the Going Concern of the company, which was backed up by two VC funds and business angels.

Stoeva, Tchompalov & Znepolski

Stoeva, Tchompalov & Znepolski handles a range of corporate mandates that comprise M&A transactions, advice to shareholders and boards of directors, SPA’s and day-to-day corporate advice, while also having experience in commercial litigation, for a number of leading Bulgarian companies, including Eurohold Bulgaria and SDI Group. The team is led by Irina Stoeva, who has extensive experience in commercial projects and transactions, as well as frequently handling commercial litigation.

Praxisleiter:

Irina Stoeva


Weitere Kernanwälte:

Iordan Tchompalov; Miroslava Iordanova; Tihomir Todorov


Referenzen

‘They offer a comprehensive service and complete all the required work independently without much input required. I find this extremely valuable as a business owner with limited time.’

‘I know Irina Stoeva from many years and have used the legal services offered by her law firm in various situations. Compared to other law firm STZ team has proved extensive knowledge in corporate and commercial law, creativity to find alternative solutions and efficient and pragmatic advice based on the market practices familiarity. The team operates smoothly, deliver on time the expected quality and always shows a genuine interest in the business. The involvement of the partners in any client’s matter is also something to be appreciated.’

‘Irina Stoeva has business acumen, pragmatic approach and highly motivated to go the extra mile when needed to get a deal done. Iordan Tchompalov is highly appreciated figure in the practice as he is very active across domestic and cross-border M&A, private equity transactions and financings. He has excellent knowledge and a good sense of what is needed to be done to make the deal work. Miroslava Iordanova is very competent and efficient young lawyer that goes directly to the point. ’

Kernmandanten

Eurohold Bulgaria AD


GlaxoSmithKline


Genesis Trading AD


SDI Group


Dialogue Plus Ltd


KWU International Professional League EAD


Industry Development Holding JSC


Adara AD


Abacus Broker


Premier Fond REIT


Samex Ltd.


Alteron REIT


We Love Digi Ltd


Armonia


Bolkan & Sea properties REIT


Circular Communications Ltd


Gnosi


Nielsen Admosphere A.S


Periggo


EU Consult OOD


Haleon


Highlight-Mandate


  • Advised SDI Group and its shareholders on the sale of SDI Group to the Polish Unilink owned by Acrisure.
  • Advises the liquidation of the Bulgarian subsidiary of Nielsen.

Atanassov & Ivanov Law Firm

Atanassov & Ivanov Law Firm continues to be a popular choice for leading international corporates and their local subsidiaries, namely Toyota Balkans, Subway and Dr. Oetker, whom they assist on an ongoing basis with corporate and commercial matters, including reorganisations, contractual, tax, employment and regulatory advice. Jointly leading the team are Stoyan Atanassov, who handles restructurings and early stage funding rounds for tech start-ups, and Iliyan Ivanov, who is especially active in the energy sector on large projects.

Praxisleiter:

Iliyan Ivanov; Stoyan Atanassov


Weitere Kernanwälte:

Maria Dimitrova; Mihaela Staynova


Referenzen

‘The team has consistently demonstrated a profound expertise in these legal areas, which has been instrumental to our business. The team’s attention to detail and analytical approach have been key assets in successfully navigating our needs for legal assistance in the corporate and commercial matters.’

‘Their leadership is defined by a meticulous attention to detail, a proactive approach, and problem-solving capabilities. Whether navigating complex transactions, negotiating high-stakes deals, or drafting precise and protective contracts, they consistently deliver top-tier results.’

‘Diverse team covering all aspects of trade and civil law in Bulgaria. Very quick to respond and always provides detailed answers to all questions. Would strongly recommend to local and multinational firms and individuals.’

Kernmandanten

Toyota Balkans – the Toyota Distributor in Bulgaria, Albania and the Republic of North Macedonia


Inchcape Brokerage Bulgaria


Flipp Crashpads


Amorim Cork Bulgaria


Salini Impregilo S.p.A (now WeBuild)


Michelin Group


Cheque Dejeuner Group


Velocity Smart Group


Soundmouse/Orfium (Adelphoi Limited)


Subway (the Franchisee in Bulgaria)


Metrilo Ltd


Analytics for Everyone Ltd (A4E)


Asset Management Company


Black Peak Capital


Dr. Oetker


Bulgarian Food Producer


ORNO AD


Do It Wise


Elton Corporation


STS Inks


Vinprom Biala


ZigiWave


Socotab


Inter ES 2000


Austrotherm Bulgaria


Yug 3000 Limited


Italiashop


Ayurveda Chance


Highlight-Mandate


  • Advised Black Peak Capital for the purposes of the structuring, setting up and operation of its new EUR 126 million Fund.
  • Advised Toyota Balkans in the promoting of a new business model and brand relevant to the used vehicles sales business in the post-COVID 19 environment.
  • Provided complex advice on and assistance in the restructuring and the acquisition of the Soundmouse Group.

CERHA HEMPEL Gerginov

CERHA HEMPEL Gerginov excels in handling transactional matters, including share transfers and spin-offs as well as large cross-border M&A transactions, where clients benefit from close cooperation with the firm’s partner offices throughout the CEE region. Boyko Gerginov leads the team and has extensive experience in corporate and M&A transactions, joint ventures and spin offs.

Praxisleiter:

Boyko Gerginov


Weitere Kernanwälte:

Kalin Bonev; Polina Westerhoven


Referenzen

‘The team provided support for our business for all the areas of law, the value of a law firm that understand your business if very valuable for us.’

‘Long term relationship with wide knowledge of our business and sales endeavors.’

Kernmandanten

Carl Zeiss AG


Tennant Company


Hewlett Packard Enterprise


DXC.technology


OMV


Pierer New Mobility GmbH


Mizuho Bank


HP Bulgaria Inc.


Samsung Electronics


Tchibo Bulgaria


Highlight-Mandate


  • Advised Tennant Company on the acquisition of M&F Management and Financing GmbH.
  • Advised Mizuho Bank in relation to Theramex’ acquisition of the European marketing/distribution rights for certain pharmaceutical products from global pharmaceutical company Viatris.
  • Advised Tchibo amending its distribution network, including on renegotiating terms with distributors, drafting new and amending existing distribution agreements.

Ernst & Young Law Partnership

Ernst & Young Law Partnership is well positioned to advise on global restructurings, commercial agreements, corporate documentation and M&A transaction assistance, due to the firms closely integrated global network. Svetlin Adrianov leads the practice and next to experience in privatisation transactions, he is also active in the competition and dispute resolution practice areas.

Praxisleiter:

Svetlin Adrianov


Weitere Kernanwälte:

Rebeka Kleytman; Irina Yaneva; Yura Mincheva


Kernmandanten

Akuo energy bulgaria ood


Monterosa ood


Hapag-lloyd ag


Kyndryl bulgaria eood


Akuo bulgaria svoghe ood


Football radar bulgaria eood


Endurosat ad


W.A.G. payment solutions, a.s.


Nordmann, Rassmann GmbH


Highlight-Mandate


  • Advised Monterosa OOD on the sale of their local investment including a commercial real estate property rented to the Financial Supervision Commission.
  • Advising on the establishment of a Deposit Return Scheme Operator in Bulgaria, providing legal analysis on organisational structures and competition law matters, with ongoing support for related operational setup.
  • Reviewed key transaction documentation for the core trade asset products and advised on legal, regulatory and tax aspects related to potential implications stemming from asset centralization within an entity in the EU.

Kinkin & Partners

Kinkin & Partners’ corporate and M&A team operates across a broad range of sectors and is adept in corporate structures and reorganisations, the related tax planning and business entry into the Bulgarian market, while also handling business consultations and pre-transaction legal opinions. Practice head Vladimir Kinkin is highly regarded for his long-term experience in the corporate, commercial, tax, finance and litigation legal sectors, and receives support from the ‘highly recommended’ Nikolay Radev.

Praxisleiter:

Vladimir Kinkin


Weitere Kernanwälte:

Nikolay Radev; Adriana Nacheva


Referenzen

‘They are extremely patient and are able to listen all details. Show professionalism and understanding.’

‘Nikolay Radev is an exceptional lawyer. Patient and compassionate but firm and to the point at the same time.’

‘We highly recommend the legal services of Kinkin & Partners. The team of the law firm is highly educated and skillful. The lawyers of the team are always ready to provide solutions to our legal issues and provide more than one option for further action.’

Kernmandanten

Agria JsC


AVE BULGARIA LOGISTICS Ltd.


Burg Advisory Ltd


CAPITAL MARKETS, o.c.p., a.s.


Casa Chic jsC


Green Power Ltd.


Prime Development


Sunny Sunflower Ltd.


Textilano Ltd.


Highlight-Mandate


  • Support the acquisition of a company specialized in the field of photovoltaic energy together with increase of the capital.
  • Provide legal consultations of a client in connection with incorporation of a company by three investors together with in-kind contribution in the capital.
  • Advised on the closing of a process of division of a business between two shareholders, that lasted 10 years through separation of the real estate of the company in single companies of the shareholders.

Kolev, Angelov & Miteva Law Firm

Kolev, Angelov & Miteva Law Firm advises on M&A transactions, most recently handling a number of acquisitions, share acquisitions and general corporate and commercial matters related to domestic renewable energy infrastructure projects, including SPA’s and contractual and employment matters. The team is led by Nikolay Kolev, who handles a large range of transactions, corporate and commercial matters for leading Bulgarian clients, particularly those in the renewable energy sector, and Angel Angelov, who advises on day-to-day administrative, commercial and corporate issues.

Praxisleiter:

Nikolay Kolev; Angel Angelov


Kernmandanten

CETIN Bulgaria EAD


ATN Europe EOOD


BinBin Bulgaria


RA Engineering EOOD


Glavbolgarstroy / GBS Group / GBS Energy Solutions


Titan Machinery Bulgaria


Evklips Energy


RA Solar Park OOD


Tiger Road R&D EOOD


N&T Energy AD and N&T Battery Storage AD


D&T Energy EAD


Sofia Advisory Services EOOD


Helvetia Commerce EOOD


Highlight-Mandate


  • Advised Glavbolgarstroy International AD on the acquisition of Global Construction AD  by Glavbolgarstroy International. The engagement included a legal due diligence, structuring of the transaction and drafting of the transaction documents as well as the successful filing for and obtaining of an acquisition clearance from the Bulgarian Commission for Protection of Competition.
  • Advised Evklips Energy in relation to conclusion of subcontracting agreement with ib vogt GmbH during the performance of the construction of the largest photovoltaic power plant in Finland with a capacity of 206 MW.
  • Advised CETIN Bulgaria, part of PPF Group, on the establishment of 5G Balkans Consortium, together with the other consortium members CETIN d.o.o. (Serbia), Yettel Bulgaria, Yettel d.o.o. (Serbia) and Technical University Sofia.

Komarevski Dimitrov & Partners, Attorneys-at-Law

Komarevski Dimitrov & Partners, Attorneys-at-Law advise both domestic and global companies and investors on M&A transactions, share acquisitions, restructurings, investments and divestments while also aiding many leading companies, namely AstraZeneca and Mars Inc., on their day-to-day compliance, corporate, commercial and employment questions. The practice is jointly led by Venelin Dimitrov, who is active in M&A, PE and VC transactions, and Iva Georgieva, who is active on corporate and M&A mandates in the tech sector.

Praxisleiter:

Venelin Dimitrov; Iva Georgieva


Weitere Kernanwälte:

Aleksandar Aleksandrov; Boryana Dzhupanova


Referenzen

‘KDP’s M&A practice is exceptional in handling high-stake transactions with precision. The team combines deep expertise with innovative approaches. Compared to others, their client focus and adaptability truly stand out. Top tier!’

‘Iva Georgieva is a real asset in the M&A team. She’s detail-oriented, fast-thinking and always ready to provide practical solutions. What sets her apart is her calmness under pressure and her ability to handle tough negotiations with ease. Venelin Dimitrov is a standout practitioner in M&A. He combines deep knowledge with great leadership skills, making complex deals feel simple. His strategic thinking and attention to detail really sets him apart from competitors. Always proactive, reliable, excellent negotiator and a pleasure to work with.’

‘KDP’s M&A team stands out for their deep understanding of complex deals and their pragmatic approach. They’re fast, efficient, and incredibly responsive. We value their ability to deliver practical solutions under pressure. Definitely one of the top firms to work with.’

Kernmandanten

Advent Group


AstraZeneca


Brandwatch / Falcon.io


Deutsche Bahn (DB Cargo Bulgaria)


East Interactive


Financial Times


Kemet Electronics Bulgaria (a Yageo Company)


Kone


Mars, Inc.


Novel Plant Foods


Planets Pride Balkans


Progress Software


Renewable Energy Insurance Broker


Rentronics OOD


Sopra Steria


Takeda


WITTE Automotive


ZeroNorth A/S


Highlight-Mandate


  • KDP advised WITTE Automotive Group in a highly complex 2-step acquisition of 100% of the shares of its supplier and competitor on Bulgarian market.
  • KDP advised Rentronics AD in the negotiation of another investment round with the participation of the Bulgarian EIF-backed VC funds Vitosh a Venture Partners and Sofia Angel Ventures.

Murgova & Partners Attorneys at Law

Murgova & Partners Attorneys at Law‘s corporate, commercial and M&A practice offers Bulgarian and international clients a wide range of advisory services, including advising on the incorporation of subsidiaries, shareholder advice, drafting commercial contracts, assisting with corporate compliance and day-to-day business activities. Petya Murgova who is praised as ‘an expert in deal structuring, corporate matters, negotiations and litigation’ leads the practice alongside Simeon Krastev, who often provides ongoing corporate, tax and regulatory advice to clients. Juliana Tsankova-Arsenova left the firm in December 2023 and joined CasePro, while in June 2024 the team welcomed the arrival of Yordanka Chakarova from Georgiev & Kolev Law Offices.

Praxisleiter:

Petya Murgova; Simeon Krastev


Weitere Kernanwälte:

Silvana Dzharkova-Aleksandrova; Angel Panorov; Yordanka Chakarova


Referenzen

‘The law firm has provided full legal services related to all corporate and commercial matters concerning our business activities including but not limited to legal advice on development of corporate structures and corporate restructuring, preparation, review and analysis of commercial agreements, labor law and corporate litigation. They have assisted on all major corporate transactions and I highly value their expertise and legal advice. Their assistance and legal skills are invaluable to my business and I would highly recommend them.’

‘Petya Murgova’s knowledge of the legislation is far beyond everyday matters and she has always been able to provide working solutions on even the most tangled cases. She is an expert in deal structuring, corporate matters, negotiations and litigation. Nevertheless, every member of the team has been adding their contribution as per the field of the law they are experts in. Petya Murgova has proven to be not only an excellent lawyer, but also a great team leader, that brought the law firm to the leading positions in the field.’

‘Excellent team of high qualified lawyers, competent in each and every aspect.’

Kernmandanten

PIM Haskovo


Application Mart (former name ICN)


Kreon Bulgaria


Simonas cards


Property Assets


Artex Zlaten vek


Artex Engineering


Lemi Trafo


Soccerstars


Nemuno Banga


Viber Media Bulgaria


Viber Luxembourg


Favo


DM Services


Balkan services


Mars Armor


Unique Estates


VIA Architects


Go Grill


White Water


Navtex Group


Slavi Toys


Nergetix


Wasteful


Via Holistica


Highlight-Mandate


  • Advise Viber Media Bulgaria in all corporate, commercial, compliance and labour issues arising in the day-to-day business in Bulgaria.
  • Advised Kreon Bulgaria during the whole start up process of their business in Bulgaria, and continue to provide ongoing corporate advice.
  • Advise Balkan Services on all corporate, commercial, compliance and labour issues arising in the day-to-day business.

Penkova & Partners Law Firm

Providing comprehensive support to national and international clients in the cybersecurity, retail, software development, accountancy and manufacturing fields, Penkova & Partners Law Firm are adept in complex company restructurings, share transfers, M&A transactions, commercial contract drafting and employment issues. Practice head Victoria Penkova has extensive experience handling corporate transactions and commercial agreements and is praised by clients as ‘a standout in the industry’. Diana Milkova is also highly regarded.

Praxisleiter:

Victoria Penkova


Weitere Kernanwälte:

Diana Milkova; Yavor Tankov; Alexander Konov


Referenzen

‘The team is very professional and aways tries to understand the real need of customers. Very strong in the analysis which they make before to provide different solutions. Very flexible structure for finding all what is needed for the job to be done in the right and correct way. All the terms and deadlines are well followed and on time.’

‘Victoria Penkova is a standout in the industry, especially in her ability to execute complex corporate deals involving multiple stakeholders. Her expertise in risk management and deal structuring makes her our choice for high-value transactions. Yavor Tankov has also been excellent in his work. He is proactive, anticipating potential issues before they arise.’

‘Diana Milkova is always available to assist us and extremely flexible and we can rely on her excellent input in our legal matters. She has adapted quickly to our needs, understands our business and has become a valuable partner in our day-to-day operations. Her advice has been of high quality and great benefit to our company.’

Kernmandanten

A-LIGN BG EOOD


adidas Bulgaria EAD


Open Payment Technologies BG Ltd.


Eastvantage Group


Wallenborn Transports S.A.


Barentz-Bulgaria EOOD


PKF Bulgaria Ltd.


Black Sea Center BSC EAD


Atusa Montana International EOOD


Berg Montana Fittings EAD


EXLService Bulgaria EAD


McLarens Bulgaria Service Centre EOOD


Adecco Bulgaria EOOD


Leks Group AD


Highlight-Mandate


  • Advised Eastvantage group on a global shareholding structure reorganization and the setting-up of a Bulgarian holding company.
  • Advising A-LIGN BG EOOD on its day-to-day business and employment issues, as well as on corporate matters.
  • Consulting Open Payment Technologies BG Ltd. on the conclusion of commercial contracts and day-to-day business activities, as well as on employment issues.

Popov, Arnaudov & Partners

Clients praise Popov, Arnaudov & Partners, for their ‘innovative problem-solving strategies’ in commercial and corporate matters, with the team providing ongoing contractual, regulatory, employment to Bulgarian clients, advice on the whistleblowing directive, as well as acting on corporate structuring and reorganisation mandates. Leading the team are commercial law and regulations expert Sibina Eftenova and banking and finance specialist Ivan Volodiev.

Praxisleiter:

Sibina Eftenova; Ivan Volodiev


Referenzen

‘Broad enough and professionally diverse team, which ensures timely, uninterrupted and competent service.’

‘Client-driven, highly responsive, fast, always available, highly knowledgeable.’

‘Highly professional, result-orientated, passionate to find a solution, to accommodate the business need in the best way.’

Kernmandanten

Sirma Solutions/Srima Group Holding


Infinite Athlete / Tempus Ex


Media Hub


Praktis, Helikon, Mr. Bricolage, AIKO, Mömax, Masterhaus, Sport Depot


Aiko Multi Concept / Moemax Bulgaria


Brenntag Bulgaria


UniCredit Group


UniCredit Consumer Financing


Wuerth Electronic Bulgaria


Doverie Brico – Mr. Bricolage


Megadom – Praktis


Europapier Bulgaria


German-Bulgarian Industrial and Trade Chamber (AHK Bulgarien)


Office People / Jobfix


MD Immobilien – part of XXXLutz


Non-Food Traders Association


Selectium Bulgaria Ltd


Stankov, Todorov, Hinkov & Spasov

The commercial law department at Stankov, Todorov, Hinkov & Spasov is regularly called upon to advise on restructurings, business expansions, commercial disputes as well as a large range of commercial documentation and contracts. Jointly leading the team are Mihail Stankov and Teodor Todorov, with the former handling insolvency, corporate and commercial matters and the latter specialising in contractual, administrative, litigation and enforcement matters. Petya Stankova-Ilieva joined the commercial team in April 2024 from Georgiev, Todorov & Co.

Praxisleiter:

Mihail Stankov; Teodor Todorov


Weitere Kernanwälte:

Petya Stankova-Ilieva; Simeon Hinkov; Ida Golemanova


Referenzen

‘Brilliant people, very easy going and at the same time extremely competent! All of my worries are quickly put at ease. When working trough legal issues, they work as if they are the ones in my place. In one of my last meetings, I had the pleasure of witnessing once again their quick thinking and catching the competitors mistakes.’

‘I look for the personal touch in every aspect of my business relations. Empathy, quick response and hard work.’

‘We always rely on the law firm because it has a comprehensive approach to the case. They look at all the potential risks and let us know about them, explaining how it would affect our business specifically. They make sure they have professionals from all areas of law so they can advise us on a case from different perspectives without us having to disclose the case to other law firms and consultants.’

Kernmandanten

Oxford Integrated Logistics Jsc.


State Agriculture Fund


Kintex Jsc.


State Consolidation Company Jsc.


Municipal Bank Jsc.


Transpress Ltd.


Inter Cars Bulgaria Ltd.


Ford Moto Pfohe Ltd.


Menuu Software Ltd.


Besta Med Ltd.


Municipality of Montana


Realfin Bulgaria Ltd.


Fish Invest Ltd.


Devin Jsc.


Tsaki Ltd.


Tyrbul Jsc.


TVB Ltd.


Baudeck Jsc.


Bulgarian Small and Medium Enterprises Promotion Agency


The Slovenian Embassy in Sofia


Bulgarian Biathlon Federation


Peltina Ltd.


Bolero VIP Ltd.


Mont Solar Jsc.


Paralax Life Sciences Jsc.


Marsfeld Railways Logistics Jsc.


Highlight-Mandate


  • Advised Transpress Ltd. in the insolvency and bankrupt proceedings of its debtor – one of the largest retailers in South-East Europe.
  • Advised Menuu Software Ltd. in its large-scale restructuring procedures, including exclusion of one of its shareholders and reimbursement of misspent amounts.
  • Advised Evolution Gaming Group AB to expand its operations in Bulgaria, creating up to 1,000 new jobs and making Bulgaria one of its prime locations for product development.

Velchev & Co. Law Office

Transactional work lies at the heart of Velchev & Co. Law Office’s corporate team, where the team is well versed in the pre-transaction stage, including drafting SPA’s, obtaining merger clearance and handling the due diligence, and handles a range of acquisitions, share acquisitions, spin offs and insolvency proceedings. Pavel Velchev leads the practice and is an experienced practitioner in M&A, PE, corporate restructurings and corporate governance matters. The team grew in 2024, with the arrival of Demetra Rohova in March, Iliyana Tdorova in April and Mariela Bogdanova-Kostova in May.

Praxisleiter:

Pavel Velchev


Weitere Kernanwälte:

Demetra Rohova; Iliyana Tdorova; Mariela Bogdanova-Kostova; Yana Marinova


Referenzen

‘The Velchev & Co. Law Office Team is unique for us for several reasons. With their area of focus and their dedicated client centric approach we always getting a tailor-made service for our needs. The team is always available and provide comprehensive solutions for any aspect of legal issues.’

‘The individuals are very experienced and well connected in the industry. With their clear communication they’re consistently keeping us both informed and involved.’

‘The team at Velchev & Co Law office is supporting our company through the years of our successful business. The team is providing legal assistance in variety of cases including but not limited to building strong corporate practices, dealing with regulatory compliance, intellectual property rights protection, AML compliance and many more. The team has specialization and professional experience in the sphere of regulation, external relations, administrative, commercial, competition and corporate law, together with a strong knowledge of the gaming regulatory framework in many of the jurisdictions we are operating.’

Kernmandanten

A1 Bulgaria EAD


Bulgarian-American Credit Bank AD


CSIF AD


Port Bulgaria West EAD


HAVAS GROUP Bulgaria


Lagardere Travel Retail EOOD


MANAGEMENT BUSINESS MACHINE OOD


TIXI AD Group


Aprimis EAD


Pragmatic Play


Efbet EOOD


Leno AD


Highlight-Mandate


  • Advised Bulgarian-American Credit Bank AD on the potential acquisition of Tokuda Bank AD.
  • Advised Benefit Systems International, Poland on the potential acquisition by Next Level Fitness OOD of Flais Group, a leading fitness operator on the Bulgarian fitness market.
  • Advised LAGARDERE TRAVEL RETAIL EOOD in the whole process of participation in tenders (for duty free, F&B, and Specialty Shops operations), organised by the concessionaires of the airports in Sofia, Varna, and Burgas, many of which resulted in award of the first place to the client.