We advised a Luxembourg-based private equity fund

We advised a Luxembourg-based private equity fund on the acquisition of a large minority stake in Telelink Business Services Group (a complex transaction that connects a private investor with a traded company – never before in Bulgaria)

Our team advised a Luxembourg-based private equity fund on the acquisition of a large minority stake in Telelink Business Services Group. Listed on the Bulgarian Stock Exchange, Telelink (TBS) is a leading business services company in Southeastern Europe. Founded in 2001 by Lyubomir Minchev and headquartered in Sofia, Bulgaria, TBS has established itself as a leading systems integrator in the region, focused on digital transformation, infrastructure integration and management, information security and the Internet of Things (IoT).

Our team provided crucial support in structuring and executing this complex transaction, combining for the first time a traditional private equity investment with a stock exchange sale, while maintaining the typical legal structure and agreements required by private investors. Public companies are highly regulated in Bulgaria, and their legal regime and restrictions clash critically with the investment policy of a foreign private investor, making this approach impossible, or so everyone believed. Until now.