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DGKV Advises Bianor Holding on Capital Increase

DGKV Advises Bianor Holding on Capital Increase

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Djingov Gouginski Kyutchukov & Velichkov has advised Bulgarian Stock Exchange-listed Bianor Holding on a capital increase through a share issuance that attracted 199 investors, including several institutional investors.

Bianor Holding brings together a group of companies providing specialized software development services related to data streaming, machine learning, artificial intelligence, transition to the cloud, and digital transformation across Europe and North America.

According to DGKV, "the company placed 99% of the newly issued shares resulting in a capital raise of over BGN 20 million. This is the second investment secured by Bianor in the last 12 months. The investment will support Bianor’s organic growth and further accelerate its expansion through mergers and acquisitions following several successful acquisitions of IT businesses Bianor completed during the last 12 months."

Back in 2023, DGKV advised Bianor Holding on the acquisition of Itido Technologies and Databreathe (as reported by CEE Legal Matters on March 24, 2023).

The DGKV team was led by Partners Georgi Tzvetkov and Gergana Monovska.

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