Borislav Boyanov & Co. advised its long-standing client and world leading manufacturer of bath and kitchen products, Ideal Standard International, on the consolidation of its Bulgarian businesses. On 31 January 2011, our team, led by Yordan Naydenov (Partner) and with the active participation of Radoslav Alexandrov (Associate), successfully closed a complex merger between one of the largest Bulgarian companies Ideal Standard Bulgaria EAD and Ideal Standard – Vidima AD. The merger was implemented in extremely short time of less than 4 months. The consolidated company under the name of Ideal Standard – Vidima AD will have more than 3,000 employees and annual turnover of more than EUR 150 million.
Borislav Boyanov & Co. will continue to advise its client on all post-merger issues.