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CMS Advises MGI Capital on Sale of Bezmer Energy to Philicon

CMS Advises MGI Capital on Sale of Bezmer Energy to Philicon

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CMS has advised Portugal's MGI Capital on the sale of Bezmer Energy to Philicon-97.

Bezmer Energy is a Bulgarian company operating a four-megawatt photovoltaic project. According to CMS, the project was put into operation in 2010 and "enjoys a 25-year feed-in tariff since 2010, which was transformed to a contract for premium in 2016." 

Philicon-97 is a Bulgarian food company with a 70-year history, producing fruit and vegetable canned products, juices, nectars, and drinks.

Last year, CMS successfully represented Bezmer Energy in a dispute against the Ministry of Finance of the Republic of Bulgaria involving the country's feed-in tariff (as reported by CEE Legal Matters on January 7, 2021).

The CMS team included Partners Assen Georgiev and Atanas Bangachev, Counsel Veliko Savov, Senior Associate Iveta Manolova, and Associate Elena Yotova-Yordanova.

CMS at a Glance

CMS Sofia is a full-service law firm, the largest international law firm in Bulgaria and one of the largest providers of legal services in the local market as a whole. The breadth and depth of our practice means that our lawyers are specialised, with a level of specialisation that few of our competitors can match.

CMS Sofia is the Bulgarian branch of CMS, a top ten global legal and tax services provider with over 5000 lawyers in 43 countries and 78 offices across the world.

CMS entered the Bulgarian market as one of the first internationally active law firms in 2005 and is now among the most respected legal advisors in the country. We have 7 partners, 4 counsel and over 30 lawyers in our office in Sofia.

Our legal experts, who are rooted in Bulgaria’s local culture, can also draw on years of experience in foreign countries and are at home in several legal systems at once. We know the particularities of the local market just as well as the needs of our clients and combine both to achieve optimum solutions. Our lawyers are Bulgarian qualified and we also have English qualified experts – all of them regularly working on cross-border mandates.

In our work, we focus on M&A, Energy, Projects and Construction, Banking and Finance, Real Estate, Media, IP and IT law, Tax, Employment law, Competition, Procurement and any kind of Dispute resolution, including arbitration and mediation. What’s more, we also take care of the entire legal management of our clients’ projects.

Firm's website.