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Kinstellar, together with Addleshaw Goddard as lead counsel, advises Phoenix Equity Partners Limited on the acquisition of FutureMeds in Bulgaria and Ukraine
Kinstellar, together with Addleshaw Goddard as lead counsel, has advised Phoenix Equity Partners Limited, a leading UK-based private equity investor, in connection with the acquisition by Phoenix of FutureMeds, a fast-growing clinical trial site network operating across Europe, including subsidiaries in Bulgaria and Ukraine. The transaction marks a significant step in Phoenix’s investment in the healthcare and life sciences sector and supports FutureMeds’ ambition to accelerate access to clinical trials across Europe and beyond. FutureMeds is Europe’s first dedicated independent site management organisation (SMO), providing access to state-of-the-art clinical research infrastructure across multiple countries.
Kinstellar advises Paradox Interactive on the acquisition of Haemimont Games
Kinstellar’s Sofia office successfully advised Paradox Interactive, one of the premier developers and publishers of strategy and management games, on the acquisition of Haemimont Games, one of the first video game development studios in Bulgaria. The renowned video games publisher enters the Bulgarian market in the first video game transaction in Bulgaria for 2025, part of Paradox’ strategy to grow the management games genre and a good news for the entire video games industry in Bulgariа. The Kinstellar team, comprising Georgi Kanev (Managing Associate, Head of Interactive Entertainment & Gaming), Diana Dimova (Partner, Corporate/M&A), Denitsa Kuzeva (Senior Associate, Corporate/M&A) and Atanas
Kinstellar Sofia advises UniCredit Bulbank on Minimart’s first corporate bond issue
Kinstellar has advised UniCredit Bulbank as lead manager of the private placement of corporate bonds worth EUR 25 million by Minimart, a fast-growing chain of convenience stores in Bulgaria. The 250 bonds with a nominal value of EUR 100,000 each have a maturity of 5 years and an interest of 7.77%, paid twice a year. The bonds were subscribed by UniCredit Bulbank, Eurobank Bulgaria, Varengold Bank, and KBC Agro - Bulgaria. The private placement enables Minimart to further expand its retail network to 300 stores in 2025 and invest in its IT infrastructure. Kinstellar’ s team was led by Svilen Issaev (Head of Banking, Finance and Capital Markets in Sofia) and included Senior Associates Nikolay Gergov and Denitsa
Legal aspects of the use of sustainable finance instruments in Bulgaria
The Banking, Finance and Capital Markets team in our Sofia office carried out a training session on the legal aspects of the use of sustainable finance instruments with a focus on green loans, social loans and sustainability-linked loans. The variety of ESG financing instruments allows for some flexibility in the choice of targets and KPIs; still ESG loans should follow the clearly established sustainable finance principles to avoid the risk of declassification or greenwashing claims. In addition to contributing to sustainability goals, these instruments have a wide range of advantages, including economic and reputational benefits. As they are becoming increasingly popular, we will continue monitoring the legal and regulatory
Kinstellar advises global HR and workforce management solutions provider UKG on its acquisition of Immedis
Kinstellar advised UKG Inc., one of the world’s leading HCM cloud companies, on the Bulgarian law aspects of its agreement to acquire Immedis, a global payroll provider. The acquisition, subject to closing conditions, will utilise the strengths of both organisations to transform the traditionally frag mented global payroll model. Тhe Kinstellar team in Sofia was led by Corporate & M&A lawyers Diana Dimova (Managing Partner) and Denitsa Kuzeva (Senior Associate), and included Georgi Kanev (Managing Associate, IP & IT, Data Privacy), Anita Borisova (Senior Associate, Employment), Yasen Toshev (Junior Associate, Corporate and M&A), Antonia Mavrova (Partner, Real Estate) and Simeon Vachev (Senior Associate