Bulgaria M&A Market Update

Less deals and slower sale processes. Closing deals is contextual. In H2 2025, some major macro aspects must be factored in: – inflation – budget deficit – raising public and private debt – excessive lending and bad loans – energy sector indebtedness and inefficiencies – lower than predicted GDP growth – lower FDI Add: – […]

Какво не е наред с праговете за уведомления за концентрации в България?

Законите трябва да се променят в отговор на промените в обществената и икономическата среда, които уреждат. Законът за защита на конкуренцията от 2008 г. трябва да се промени в частта за контрол върху концентрациите – и една малка промяна може да има значителен благоприятен ефект за стартиращите, малките и средните бизнеси и инвестициите в страната. […]

Внимание! Фалшиви имейли от името на Aдвoкатско дружество Христов и съдружници

Уважаеми посетители на страницата ни, Получихме информация за разпространение на фалшиви съобщения по електронна поща от името на нашето адвокатско дружество, свързани с твърдени нарушения на търговска/и марка/и. Тези имейли не са изпратени от нас и може да съдържат подвеждащи твърдения или злонамерени линкове. Това представлява злонамерен опит за фишинг (phishing) атака и вероятно има […]

Hristov Partners Place Among the Top Corporate Law Firms in Bulgaria Reconfirmed

Very pleased to announce that the two leading international legal directories recognised repeatedly our firm in their new, 2025, editions. Both The legal 500 and Chambers Global and Europe confirmed our previous rankings among the best dozen corporate, M&A and commercial practices in Bulgaria. Our clients’ feedback has been fenomenal – ‘we are grateful to […]

M&A in Bulgaria 2025 Outlook

Our partners Pavel Hristov and Dragomir Stefanov discussed their views and projections in an interview for CEE Legal Matters. ‘As always, the most attractive targets will be those that have global or international and scalable business models, the best of class products or services and exceptional teams, have credible growth perspectives, and have won a […]

2025 will be different somewhat

Many M&A practitioners are optimistic and predict a better year, higher deal values and volumes. We think that better will not be distributed evenly. Some countries and regions will fare well and outperform others. It is fairly safe to assume that South East Europe and Bulgaria in particular will face headwinds. The unfavourable factors include […]

Closing is not Simply Exchanging a Closing Memo and a Closing Binder

Dealmaking is a dance with a uniquely complex, dynamic and unrehearsed choreography. Numerous factors come into play. Ticking all the boxes, satisfying or waiving the conditions precedent (merger clearances, regulatory and third-party approvals, etc.), every step duly documented and catalogued in a closing memo and a closing binder, and ultimately celebrated at a stylish closing […]

Memorandum Easy Money

They say that the era of easy money is over. I. Yet, private credit is booming. Non-bank, non-financial institutions such as PE fund managers directly lend money to various borrowers including to other PE fund managers to provide leverage for their acquisitions. II. Record fundraising by local funds. The second funds of the pioneering VC […]