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Boyanov & Co Advises Banks on Financing Acquisition of United Milk Company by Hellenic Dairies Group

Boyanov & Co Advises Banks on Financing Acquisition of United Milk Company by Hellenic Dairies Group

Bulgaria
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Boyanov & Co has advised Eurobank and Alpha Bank – acting directly and through their subsidiaries – on financing Tyrbul’s acquisition of the United Milk Company. The Legal Consultancy reportedly advised Tyrbul.

According to Boyanov & Co, Tyrbul is a subsidiary of Hellenic Dairies, a third-generation family business that operates in the dairy sector in Greece and 47 other countries.

The United Milk Company is a Bulgarian dairy company and was a wholly owned Bulgarian subsidiary of Delta Foods SMSA, a member of the Vivartia Group, that produces and distributes dairy products and fresh fruit juices. 

Delta Foods SMSA had agreed to sell the United Milk Company to Tyrbul back in September (as reported by CEE Legal Matters on September 7, 2022). The sale transaction finally closed in March 2023 (as reported by CEE Legal Matters on March 23, 2023).

The Boyanov & Co team included Partner Damian Simeonov and Senior Associate Georgi Drenski.

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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