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Wolf Theiss, Deloitte Legal, and Boyanov & Co Advise on Sale of BNP Paribas Personal Finance Bulgaria to Eurobank

Wolf Theiss, Deloitte Legal, and Boyanov & Co Advise on Sale of BNP Paribas Personal Finance Bulgaria to Eurobank

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Wolf Theiss, working with Shearman & Sterling, has advised BNP Paribas Personal Finance on its sale of BNP Paribas Personal Finance Bulgaria to Eurobank Bulgaria. Deloitte Legal and Boyanov & Co advised the buyer.

Closing is expected in the first half of 2023, pending regulatory approval.

According to Wolf Theiss, "the deal bolsters Eurobank Bulgaria’s presence in the Bulgarian retail banking sector and provides significant opportunities for cross-selling because of BNP Paribas Personal Finance Bulgaria’s clientele."

BNP Paribas Personal Finance is a European consumer finance group. Eurobank Bulgaria is the Eurobank Ergasias Services and Holdings subsidiary in Bulgaria.

The Wolf Theiss team was led by Partner Katerina Kraeva and included Counsels Hristina Dzhevlekova and Oleg Temnikov and Senior Associates Staniella Todorova and Zhulieta Markova.

The Deloitte Legal team was led by Managing Associates Kaloyan Yordanov and Adelina Mitkova and included Senior Associate Konstantin Ivanov and Associates Simona Toneva and Georgi Stefanov.

The Boyanov & Co team included Partner Yordan Naydenov and Senior Counsel Svetlina Kortenska.

Editor's Note: This article was updated on February 17, 2023, to fix an error in Deloitte Legal's team composition.

Subsequently, in June 2023, Boyanov & Co announced that the transaction had successfully closed.

Boyanov & Co. at a Glance

BOYANOV & Co. is renowned for its exceptional services and extensive experience in a wide array of industries. As a co-founder and initiator of the SEE Legal Group, the firm has significantly influenced the legal landscape in the region.
Established in 1990, BOYANOV & Co. has been instrumental in advising on numerous landmark transactions in Bulgaria, earning an unrivalled reputation both locally and internationally as the go-to law firm for multinational businesses.
The firm's market leadership is underpinned by the superior quality of its services, which are informed by years of experience in international transactions, a deep understanding of local, European, and international law, and the exceptional expertise of its professionals. The diverse industry experience provides the firm with unique insights and a comprehensive understanding of its clients' businesses and their respective markets, enabling it to transfer successful solutions across borders.
BOYANOV & Co. offers a broad spectrum of integrated services, with notable expertise in Mergers and Acquisitions (M&A), Restructuring, Banking & Finance, Energy & Natural Resources, Technology, Media, and Telecommunications (TMT), Intellectual Property, Competition, Real Estate and Infrastructure, Employment, and Dispute Resolution.

Firm website.

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