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DGKV and Georgiev & Kolev Advise on TokWise EUR 3 Million Equity Investment Round Led by Encavis

DGKV and Georgiev & Kolev Advise on TokWise EUR 3 Million Equity Investment Round Led by Encavis

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Djingov Gouginski Kyutchukov & Velichkov has advised TokWise on its EUR 3 million equity investment round led by Encavis and including Vitosha Venture Partners-Fond I KD, KIC InnoEnergy SE, and Innovation Capital Fund KDA. Georgiev & Kolev advised Vitosha Venture Partners. CMS reportedly advised Encavis.

Encavis is a Hamburg-based wind and solar park operator listed on the MDAX of Deutsche Burse.

According to DGKV, “TokWise is a Sofia-based company and has set itself the goal of accelerating the digital transformation of the way energy market participants buy and sell their electricity on the different markets.”

The DGKV team included Partner Omourtag Petkov and Senior Associate Ivan Punev.

The Georgiev & Kolev team included Senior Associate Vanina Popova and Legal Counsel Preslava Petrova.

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.