BOYANOV & Co. Advised UniCredit Bulbank and United Bulgarian Bank on the Financing of the Acquisition by Plastchim-T of Manucor S.p.A, Italy

May 2024 Plastchim-T is a Bulgarian company, that is one of the leading privately owned European manufacturers of biaxially oriented polypropylene films (BOPP), cast polypropylene films (CPP), and flexible packaging products. Manucor is an Italian company founded in 1987 and has grown to become a major biaxially oriented polypropylene (BOPP) manufacturer. The acquisition will expand the existing joint manufacturing capacity up to 200,000 tons annually, strengthen the logistics and distribution network in Europe, as well as allow film lineup by adding a significant base of loyal clients. The team…

BOYANOV & Co. Advised on the Eurobank’s Financing Deal with Mall Galleria Owners in Bulgaria

April 2024 BOYANOV & Co. advised Eurobank S.A. group on the EUR 61,000,000 general corporate purposes financing of Galleria Burgas EAD and Galleria Stara Zagora EAD, which own and manage two shopping centres in Bulgaria, Mall Galleria Burgas, and Mall Galleria Stara Zagora. BOYANOV & Co. advised on the Bulgarian legal aspects of the financing, including inter alia, preparation of the relevant Bulgarian security agreements, their execution and perfection, as well as issuing a legal opinion. Our team was led by Damian Simeonov, Head of the Banking and Finance practice, and included Senior…

NNDKP Assisted a Syndicate of Banks with a EUR 101.5 million Financing to RodBun Group

March 2024 Nestor Nestor Diculescu Kingston Petersen (NNDKP) assisted a syndicate of banks in providing a loan facility totalling EUR 101.5 to RodBun Group, by refinancing and increasing existing facilities by EUR 37.14 million. RodBun is an integrator of agricultural products and solutions and one of Romania’s most important players in this field. The syndicate of banks included Banca Comercială Română S.A., as Initial Lead Arranger, Bookrunner, Documentation Agent, Facility Agent, and Security Agent, CEC Bank S.A., Raiffeisen Bank S.A., ING BANK N.V. Amsterdam – Bucharest Branch, as…

DTB advised major Turkish conglomerate Dogus on a EUR 31,2 m club credit facility

February 2024 DTB advised the borrower Zadar Resort d.o.o. and sponsor Dogus Croatia in a transaction where Zadar Resort borrowed EUR 31,2 m from Privredna bank Zagreb d.d. and Croatian bank for reconstruction and development as Mandated Lead Arrangers. The facility will be used for the development of a 5-star luxury hotel in Zadar, which will be under the management of the leading hotel operator Hyatt. Dogus is one of the largest Turkish conglomerates with a long-standing operation in Croatia in the tourism and leisure industry. The development of the luxury hotel in Zadar is one of the largest…

NNDKP Assists a Syndicate of Banks in Extending USD 150 million Credit Facilities for ALRO SA for Another Three Years

December 2023 Nestor Nestor Diculescu Kingston Petersen (NNDKP) has assisted a syndicate of banks with the amendment and extension until 2026 of USD 150 million working capital credit facilities for ALRO S.A., one of the largest vertically integrated aluminum producers in Europe, by production capacity. The syndicate of banks was coordinated by Exim Banca Românească and included Banca Comercială Română SA (BCR), OTP Bank Romania, CEC Bank, UniCredit Bank, Alpha Bank Romania and Banca Transilvania. NNDKP assisted the banks on the Romanian law aspects throughout the project, advising on the…

NNDKP Assists Impact Developer & Contractor SA in EUR 8 million Corporate Bond Issue

November 2023 Nestor Nestor Diculescu Kingston Petersen (NNDKP) assisted Impact Developer & Contractor SA in connection with a EUR 8 million corporate bond issue. NNDKP was involved in negotiating and concluding the documentation in relation to the bond issue and supported the client throughout the transaction. The NNDKP team advising on this transaction was led by Alina Radu, Partner and Head of the Banking and Finance practice, who was joined by Alexandru Ciambur, Senior Associate in the same practice. Impact Developer & Contractor will use the obtained funds to prefinance…

BOYANOV& Co. Advised Ceska Sporitelna on Refinancing of Aricoma Group’s Loan for Musala Soft AD Acquisition

September 2023 BOYANOV & Co. advised Česká Spořitelna – leading a syndicate of banks including Československá obchodní banka and Komerční banka on the refinancing of a loan extended to the Aricoma Group in 2022. A segment of this loan facilitated the acquisition of Musala Soft AD, a transaction in which BOYANOV & Co. also played an advisory role. The ARICOMA Group stands as a premier IT service provider in Central Europe, boasting a pronounced presence in the Scandinavian region. With 15 European delivery centers, the company caters to an extensive clientele, serving over 1,000…

NNDKP Has Assisted a Syndicate of Banks in Providing EUR 550 Million in Financing to the Swiss Group Ameropa

August 2023 Nestor Nestor Diculescu Kingston Petersen (NNDKP) has assisted a syndicate of banks in providing EUR 550 million in financing to the Swiss group Ameropa, which owns some of the largest local agribusiness companies – Azomures, Romania’s largest fertilizer producer, Ameropa Grains SA, a major grain trader, and Chimpex, a leader in port operations. The syndicate of banks consisted of Banca Comercială Română SA, Raiffeisen Bank SA, ING Bank Romania, Unicredit Bank SA, Alpha Bank Romania SA, Banca Transilvania SA, BRD Groupe Societe Generale SA, Banca Comercială Intesa Sanpaolo…

BOYANOV & Co. Advised Deluxe Corporation on the Successful Sale of its Subsidiary Hostopia Bulgaria

July 2023 BOYANOV & Co. acted as local counsel for Deluxe Corporation (NYSE: DLX) on the sale of the subsidiary Hostopia Bulgaria EOOD to HostPapa, Inc., a leading global web hosting and cloud service provider for small and medium businesses. The transaction was part of a global acquisition by HostPapa of Deluxe Corporation's web hosting and logo design businesses. The sale was successfully closed on 29 June 2023, after completing the various pre-closing steps and obtaining necessary clearances (press release is available here). The instrumental support of BOYANOV & Co. was highly appreciated…

BOYANOV & Co. Advised Eurobank Bulgaria on the Acquisition of BNP Paribas Personal Finance – Bulgaria branch

June 2023 BOYANOV & Co. advised Eurobank (Bulgaria) – the fourth-largest banking institution in the country based on assets, on the acquisition of BNP Paribas Personal Finance – Bulgarian branch, the Bulgarian business establishment of the French BNP Paribas Group. BOYANOV & Co. provided crucial support in obtaining concentration clearance from the Bulgarian Commission for Protection of the Competition as well as in relation to the regulatory permit for the deal and the preparation of the closing process. This acquisition strengthens Eurobank’s position in the Bulgarian retail…

BDK Advokati Advised on the Sale of Expobank

April 2023 BDK Advokati advised the shareholders of Expobank A.D. Belgrade on the sale of 100% of their shares to the shareholder of Adriatic Bank A.D. Podgorica. The BDK team was led by partner Vladimir Dasic and associate Sanja Dedovic.

BOYANOV & Co. Advises Banks on Financing of Hellenic Dairies Group’s Acquisition of United Milk Company

April 2023 BOYANOV & Co. advised Eurobank S.A. and Alpha Bank S.A., acting directly and through their subsidiaries, on the Bulgarian law aspects of financing the acquisition by Tyrbul, the Bulgarian subsidiary of Hellenic Dairies S.A., of United Milk Company, a leading Bulgarian dairy, which produces and markets a variety of milk products under a number of brand names. Hellenic Dairies S.A. is a family business of 3rd generation that operates in the dairy sector in Greece and 47 foreign countries. BOYANOV & Co.’s team was led by our partner Damian Simeonov, Head of the Banking and…