20 years together

Corporate Law. Mergers & Acquisitions

For a number of years corporate and commercial law has been the leading practice area of Dimitrov, Petrov & Co., consistently providing award winning and cutting-edge legal solutions to prominent domestic and multinational corporations. The experience gained throughout the years of practice enables the firm’s lawyers to successfully accommodate clients’ endeavours with the domestic realities and the cross-border nature of various deals. They are distinguished for tailor-made legal advice combining strong local legal expertise and deep business knowledge across all the key industry sectors. Their vast experience is recognized and recommended by many leading legal directories, such as Legal 500, IFLR 1000, Chambers Europe, etc.
Dimitrov, Petrov & Co. offers strong expertise in the following areas:
  • Structuring and incorporation of various types of commercial companies and commercial groups: consortia, holding structures, branches and representative offices of foreign companies;
  • Corporate governance advice; 
  • Reorganization and transformations;
  • M&A and IPO;
  • Legal support to start-ups;
  • Joint ventures;
  • Insolvency and restructuring;
  • Transfer of assets and shares;
  • Commercial agreements;
  • Legal representation before local courts and authorities. 
Mergers & Acquisitions (M&A) is one of the strategic areas of practice of Dimitrov, Petrov & Co. The law firm’s M&A team is well experienced and possesses the skill and capacity to structure and negotiate transactions, carry out due diligence and manage projects. It provides comprehensive legal services, including initial research, complete legal due diligence, negotiations, drafting and preparation of legal documentation and tax advice.
Dimitrov, Petrov & Co.’s clients are leading industrial, service and financial organizations, as well as growth companies and private equity funds. The firm represents reputable financial institutions both in their capacity as financial advisors and in their own acquisition transactions.


Representative Experience
Dimitrov, Petrov & Co. Law Firm advised Trakya Glass Bulgaria EAD (TGB), the Bulgarian subsidiary of Sişecam Group, on the restructuring of its Bulgarian business through spin-off of two business lines into separate entities. The team provided comprehensive advice to the Turkish giant in the course of one of the most complex restructurings in the country. 
Our team successfully advised the Bulgarian investment company Advance Properties OOD in connection with the full acquisition of the pharmaceutical company Huvepharma AD from the US private equity investor Rohatyn Group. Advice was provided by the law firm to the buyer Advance Properties OOD in connection with securing a syndicated loan of EUR 275 mln to be used for financing the purchase of the share of the US investor amounting to 36 %. The deal was innovative because it involved the largest syndicated loan utilized by a Bulgarian commercial company for 2014.
The team of Dimitrov, Petrov & Co. Law Firm successfully advised the venture capital fund NEVEQ II with regard to а number of high-profile local and cross-border multimillion equity investments, including share swap structures. 
Dimitrov, Petrov & Co. was assigned to provide legal assistance in a EUR 75 mln M&A transaction regarding the sale of an agricultural investment fund, possessing approximately 200,000 m2 of agricultural land and the business thereof. The law firm advised on the seller’s side of the transaction including inter alia elaboration of the scheme of the deal, drafting of relevant documents, pertaining to the deal, and active participation in all stages of the negotiations. Due to the fact that the buyer was a publicly listed company in Bulgaria we have also advised the necessary steps for the approval of the transaction by the Bulgarian competent authorities. 
An international investor in renewable energy hired Dimitrov, Petrov & Co. to advise the process of selling its business in Bulgaria back to its original owner. Our experts analysed all aspects of the transaction which included capitalization of debt and establishing collaterals for a future price adjustment and drafted the relevant documents. The transaction was finalized in July 2014.
The team of Dimitrov, Petrov & Co. Law Firm provided legal assistance on the internal corporate restructuring of a corporate group operating in the agriculture sector. The team was assigned with the drafting and the conclusion of the relevant share transfer agreements, shareholders agreements, management and consultancy agreements, as well as in the organization of the overall negotiations and communication between the multiple participants involved.
The team of Dimitrov, Petrov & Co. was approached by the investor in the strategic commercial and tourist facility, located in the heart of the old town of Sofia, in order to conduct full legal due diligence of its legal status. The firm’s lawyers structure the acquisition deal and financing of the project, prepare the relevant acquisition documentation and manage the whole process.
The lawyers of Dimitrov, Petrov & Co. provides full legal services regarding the change in the ownership structure of a major Bulgarian economic group active on the pharma market. The team’s work includes drafting of the overall strategy, the character of the structure and the implementation plan for the whole process with the view to accommodate future business plans of the owners, including a thorough analysis under merger regulations. Our client is operating in a regulated specific market segment through a group of numerous separate legal entities, which determines the broad spectrum of services that we administer.
Dimitrov, Petrov & Co. advised the founders of the biggest and most modern data centre in Bulgaria on a combined private equity/bank facility financing exercise comprising three consecutive equity investment rounds by a private venture capital fund providing both bridge and equity financing through acquiring different classes of shares in parallel to a flexible bank facility arrangement for investment and working capital with a gross value of almost EUR 3 mln. Full legal advice and negotiations support were provided on the subsequent successful exit from the investment by the founders, the fund and the bank through 100% sale of the company to a leading international provider of premium carrier-neutral data centers.
Among the firm’s renowned clients, one can find a leading international electricity trading operator, licensed for trading with electricity in Bulgaria. Dimitrov, Petrov & Co. has provided legal advice in relation to the establishment of its business in Bulgaria and its licensing for performing activities in the energy sector. The firm’s experts have also advised the company on the conclusion of agreements for purchase of electricity, as well as for wholesale and retail sale of electricity with key players on the Bulgarian energy market. Most recently, the Law Firm has acted for the client in the negotiations with the Greek state electricity transmission operator for the establishment of a joint venture company. The legal experts drafted contracts and advised the full set of documents for the transaction.


Related News

Four new talents join DPC team

Dimitrov, Petrov & Co. Law Firm (DPC) continues to attract young talents. The team has recently welcomed four new legal professionals. Rositsa Vasileva brings expertise in various legal areas gained as a lawyer in another law firm. She specializes in the area of corporate and commercial law and is experienced in commercial litigation. Ivan Alexander Manev joins DPC after working at... view more


Inactive companies in 2018 benefit from a simplified procedure for annual financial closure

Until 31 March 2019 undertakings which did not carry out business activity in 2018 should declare this circumstance before the Commercial Register. In general, all companies and non-profit legal entities are obliged to submit their annual financial statements and activity report for the past fiscal year by June 30, 2019. This obligation, however, does not apply to companies which did... view more


All legal entities to declare their UBO by May 31, 2019

The amendments to the Bulgarian Anti-money laundering legislation have imposed new specific requirements to the Bulgarian legal entities. Some of them refer only to the obliged entities specified in the Measures Against Money Laundering Act (MAMLA). However, the obligation to disclose the ultimate beneficial owner (UBO) is affecting all legal entities registered in the Republic of Bulgaria.... view more


Related Publications

Preparation for take-off. The concession procedure of Sofia Airport attracted strong bidders however the choice should not be limited to the price only

Topic:Public Procurement

Published at:iconomist.bg

Edition:issue 16

Author: Emil Petrov

Commented by: Hristo Nihrizov

*This article is in Bulgarian

European Guide to International Mobility - Bulgaria

Topic:Employment and Social Security Law

Published at:www.meritas.org

Edition:European Guide to International Mobility

On the Correlation between the Concepts of Insolvency and Overindebtedness

Topic:Corporate Law. Mergers & Acquisitions

Published at:http://www.epi.bg/

Edition:Book 11, December 2016

* The publication is in Bulgarian.


Contact Person

Zoya Todorova


Zoya Todorova