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IFLR1000 2013

Financial and Corporate

Kambourov & Partners took on a variety of restructuring matters this year in the energy, water and rail sectors. The team can also point to a strong list of mandates in M&A. The team is led by the Vladimir Rangeloff, Yonko Hristov, Mitko Karushkov, all of whom are seen by the market as key figures.
Deals
The firm has been involved in some of the largest M&A deals since 2011. On the seller side; Vladimir Rangeloff, Veronika Hadjieva and Yonko Hristov are advising CVC Capital Partners on the €2.65 billion sale of StarBev brewery. In addition, the firm are still assisting E.ON (Dusseldorf) on the sale of the shares in its Bulgarian subsidiaries. The deal is projected to close with a value of €133 million and will introduce a new major player into the Bulgarian energy market.
 The firm has secured some heavyweight restructuring deals including Hristov's advice to strategic investors Tennenbaum Capital Partners and OGER Telecom, concerning the €325 million multinational restructuring of the critically distressed Bulgarian national telecoms company Vivacom. In May 2012, the firm won a tender (as part of a consortium of international law firms) to restructure the state owned Bulgarian Energy Holding (BEH). This prestigious transaction is expected to total more than €500 million.
It's also worth noting that in a rare example of market-driven non-distressed M&A, lawyers assisted Euromax Resources (Canada) in the sale of two gold deposits. In energy financing, Yonko Hristov and Irena Karpe were retained by a cluster of nine international financial institutions to advise lenders on providing financing to the Nabucco gas pipeline project.