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Gugushev & Partners, DGKV, and Spasov & Bratanov Advise on Helios Energy Invest’s Acquisition of Helios Projects

Gugushev & Partners, DGKV, and Spasov & Bratanov Advise on Helios Energy Invest’s Acquisition of Helios Projects

Bulgaria
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Gugushev & Partners has advised Helios Energy Invest on its EUR 65 million acquisition of Helios Projects from H1 Venture Swiss Holding. Djingov Gouginski Kyutchukov & Velichkov advised the seller. Spasov & Bratanov advised China Development Bank as the project finance lender.

The transaction was financed by UniCredit Bulbank and was subject to clearance by the Commission for Protection of Competition and the Energy and Water Regulatory Commission.

Helios Projects is a photovoltaic company in Bulgaria that owns a solar park with a capacity of 50 megawatts-hour.

According to Gugushev & Partners, "the transaction, representing the sale of a foreign asset by a Chinese company in an open bankruptcy proceeding, was supervised by the bankruptcy trustee and the bankruptcy court in China."

The Gugushev & Partners team was led by Managing Partner Stefan Gugushev and included Senior Partner Dimitrinka Metodieva, Partner Kostadinka Deleva, and Consultant Mihaela Dimitrova.

The DGKV team was led by Partner Milan Pandev and Senior Associate Krassimir Stephanov.

The Spasov & Bratanov team included Partner Vassil Hadjov and Associate Vladimir Tashev.

Bulgaria Knowledge Partner

Schoenherr is a leading full-service law firm providing local and international companies stellar advice that is straight to the point. With 15 offices and 4 country desks Schoenherr has a firm footprint in Central and Eastern Europe. Our lawyers are recognised leaders in their specialised areas and have a track record of getting deals done with a can-do, solution-oriented approach. Quality, flexibility, innovation and practical problem-solving in complex commercial mandates are at the core of our philosophy.

Firm's website: www.schoenherr.eu

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