Boyanov & Co has helped Ideal Standard Vidima obtain a loan of EUR 65 million, with EUR 45 million coming the DSK Bank and another EUR 20 million from the United Bulgarian Bank.
According to Boyanov & Co, “the loan was secured mainly by a pledge of Ideal Standard Vidima’s going concern.”
Ideal Standard Vidima is a part of the Ideal Standard International group, a manufacturer of residential, commercial, and healthcare bathroom solutions. The company employs more than 3,000 people and manages two factories and a distribution center in Bulgaria, among other operations.
Boyanov & Co’s team consisted of Partner Damian Simeonov, Senior Associate Georgi Drenski, and Associates Svetlana Tzvetkova, Adriana Bakalova, and Deyvid Iliev.
Boyanov & Co did not reply to an inquiry about the deal.