Hristov & Partners acted for G4S plc., the leading global integrated security group, as the vendor’s Bulgarian counsel, along with the global lead legal counsel, in the divestment of its Bulgarian subsidiary company to VIP Security. The transaction followed a strategic global-wide business review by G4S plc. including restructuring and exists from various non-core jurisdictions across the globe.

Our role included support in the legal due diligence on vendor’s side, Bulgarian law input in the preparation and negotiation of the relevant transaction documents, and assistance in the merger control procedure before the national competition authority completed by the successful obtaining of an unconditional merger clearance decision following an in-depth second phase investigation.

Hristov & Partners team was led by partner Pavel Hristov and included Biliana Shagova and Dragomir Stefanov.