Spasov and Bratanov has advised VP Brands International AD on its acquisition of 100% of the stock into Veda EOOD, the largest producer of natural and organic vinegar in Bulgaria. Our client’s portfolio includes bottling and distribution of vinegar and production of numerous kinds of spirit and beverages distributed all round the world with growth of sales of 80% in the last five years alone. The interest in the vinegar production by VP Brands International AD was only a natural continuation of the strive for prosperous development of different markets. The business oriented approach that Spasov and Bratanov is known for allowed us to close the deal just in time to ensure the smooth transition between the previous owners and the new management.
One of the many challenging aspects of the transaction that we have successfully advised on was obtaining a clearance from the Competition Protection Commission, which we believe is the very first clearance, issued in phase one, subject to changes, proposed by the parties according to the new Rules for approval of remedies in merger cases (2021).
The great teamwork between the attorneys at Spasov and Bratanov and the client was the final touch to make sure that the end result is more than beneficial for both sellers and purchaser. The transaction took months of hard work to complete (due diligence, drafting and negotiation the share purchase agreement, merger clearance and post-closing assistance) and yet again our team demonstrated our invaluable expertise and experience together with excellent client communication skills. Our team, led by the Managing Partner, included the counsel Nadia Hadjova, the senior associates Kremena Yaneva-Ivanova, Petar Dyankov and Maria Drenska and the associates Vladimir Tashev and Krasimir Mitkov.
Date: December 2022 Source: Spasov & Bratanov Lawyers’ Partnership