Archive for July, 2017

BOYANOV & Co. advises Leasing Finance EAD on the Acquisition of 100% of TBI Rent EAD

Monday, July 10th, 2017

BOYANOV & Co. advised the Bulgarian Leasing Finance EAD (www.leasingfinance.bg), former Piraeus Leasing AD, on the acquisition of 100% of the capital of TBI Rent EAD (http://www.tbirentacar.com/en/) from TBI Bank EAD.

TBI Rent is a leading Bulgarian provider of operating lease and rent-a-car services.

The acquisition will allow Leasing Finance to expand its leasing services portfolio and strengthen its positions on the rapidly growing market of operating lease, rent-a-car and fleet management services.

The team of BOYANOV & Co. was led by our partner Nikolay Zisov.

BOYANOV & Co. Boyanov & Co. advises Silver Star Group on the Acquisition of Real Estate and Other Assets from Vienna Real Estate / Balkan Star Group

Monday, July 10th, 2017

Boyanov & Co. has advised Silver Star Group in its acquisition of group of assets and services related to the Mercedes-Benz distribution business in Bulgaria from Vienna Real Estate / Balkan Star Group.

Silver Star Motors EAD was appointed by Daimler AG as General Distributor for the sale of Mercedes-Benz trucks, cars, commercial vans, Evobus, Fuso trucks, Maybach and Unimog in Bulgaria, commencing 1 April 2017. In the process of setting-up its distribution network in Bulgaria, Silver Star Group has agreed to purchase from Vienna Real Estate and Balkan Star Group (the former Mercedes-Benz distributor in Bulgaria) certain real estate and movable assets. In an agreed complex of individual transactions Silver Star acquired from Vienna Real Estate and Balkan Star two showrooms in Varna and Plovdiv and certain movable assets and inventory. The parties also agreed on the rent of showroom in Sofia and the provision of certain services by Vienna Group to Silver Star Group.

Boyanov & Co. team provided full legal support and assistance to Silver Star Group in the structuring, negotiations, signing and closing of the group of transactions, including the bank financing aspects of the deal. The team was led by the partners Nikolay Zisov and Nickolay Nickolov. Georgi Drenski, Senior Associate, advised on the bank financing aspects of the transactions.