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…
NNDKP Assists OTP Bank Romania and OTP Group in a EUR 57.80 Million Financing for Exigent Property Investment SRL
March 2023
NNDKP advised OTP Bank Romania and OTP Group in a EUR 57.80 million financing for Exigent Property Investment SRL to fund the development of phase 5 of Exigent Plaza Residence, the largest residential project in Bucharest, located in Militari area. The team was led by Valentin Voinescu, Partner in the Banking and Finance practice, and included Cătălina Dan, Associate, and Alexandru Ciambur, Senior Associate.
Learn more about this transaction here.
Kyriakides Georgopoulos Law Firm advised Optima bank S.A.
February 2023
Kyriakides Georgopoulos Law Firm advised Optima bank S.A. in a pioneer transaction for the acquisition of five portfolios of performing loans in the secondary market. It is an innovative deal signifying the return of restructured loans in the banking system after their securitization in 2020.
KG team led by senior partner Konstantinos Vouterakos, counsel Vasileios Douzenis, and senior associate Eleana Nounou supported Optima bank throughout the negotiations of the transaction documents, conducted legal due diligence review, and provided advice on the various aspects of the…
OTP Group Successfully Completes the Acquisition of the Slovenian Nova KBM Group
February 2023
OTP Group announced that it has successfully completed the acquisition of Nova KBM Group from its previous owners – financial funds managed by Apollo Global Management and EBRD – after obtaining all required approvals from the relevant regulatory authorities.
OTP was advised by Selih & partnerji. The cross-practice team was led by partners Natasa Pipan Nahtigal, Mia Kalas, Jera Majzelj, and Spela Remec, covering M&A, competition, and banking regulatory aspects.
The acquisition, the most significant in the history of the OTP Group and one of the largest in Slovenia in…
UniCredit and Allianz Strengthen Partnership in Croatia’s Bancassurance Market
October 2022
Divjak Topic Bahtijarevic & Krka Law Firm represented Allianz SE, one of the world's leading insurers and asset managers, in two significant transactions involving Zagrebacka Banka d.d. (“Zaba”), a leading Croatian bank that is part of the UniCredit Group: The sale of Allianz SE’s 11.72% stake in Zaba to UniCredit Group, and Allianz Holding EINS’s GmbH purchase of Zaba’s 16.84% minority stake in Croatian insurance company Allianz Croatia d.d.
With these two deals, Unicredit and Allianz strengthened their positions in the Croatian banking market, reinforcing their…
KG Law Firm Advised Resolute Asset Management Group in Acquiring Piraeus Real Estate Management SA
October 2022
KYRIAKIDES GEORGOPOULOS Law Firm advised Resolute Asset Management Group in acquiring Piraeus Real Estate Management SA and entering into a strategic alliance Service Level Agreement with Piraeus Bank.
The KG team was led by Theodore Rakintzis, Partner, Ioanna Kyriazi, Partner, and Maria Karampotsiou, Associate.
BOYANOV & Co. Advises Banks on Financing of ARICOMA Group’s Acquisition of Musala Soft
September 2022
BOYANOV & Co. advised a syndicate of banks led by Česká spořitelna and including Československá obchodní banka and Komerční banka on the Bulgarian law aspects of financing to support the acquisition by KKCG Group and its portfolio company ARICOMA Group International AB of Musala Soft, a prominent Bulgarian software company, and its subsidiaries.
ARICOMA Group is a leading Central European IT services provider with a significant Scandinavian presence. The company provides services to 1000+ clients in 18 markets from its 15 European delivery centers. With the acquisition…
