Borislav Boyanov & Co. advised EnerSys (NYSE: ENS), the world’s largest manufacturer, marketer, and distributor of industrial batteries on all legal aspects of the acquisition of majority stake of the capital of Energia AD, Targovishte – the leading Bulgarian manufacturer of industrial batteries. The acquisition was completed on the floor of the Bulgarian Stock Exchange on May 18, 2007.
Borislav Boyanov & Co. advised and supported EnerSys throughout the due diligence and transaction structuring of the acquisition, as well as on the legal aspects of the tender offer, launched by the parties, the obtaining of competition clearance and also in the process of delisting of Energia AD as public company on the Bulgarian Stock Exchange.
The firm also represented EnerSys before the Bulgarian Commission for the Protection of Competition in obtaining a concentration clearance for the transaction.
“This acquisition is particularly attractive by providing us with greater market penetration in the rapidly growing Eastern European and Russian markets….” commented John Craig, chairman, president and CEO of EnerSys upon closure of the deal.