Djingov, Gouginski, Kyutchukov & Velichkov (DGKV) has advised Mundus Services AD on the acquisition of 100% of the capital of VM Automation EOOD – a wholly-owned subsidiary of Bulgaria’s VM Finance Group. The deal remains contingent on approval from Bulgaria's Commission for Protection of Competition.
Mundus Services operates in the building automation and control, domestic and industrial air conditioning, refrigeration, ventilation, and uninterruptible power supply sectors. DGKV reports that the company, "which became Bulgaria’s largest corporate structure in the field of facility management after it acquired Facility Optimum Bulgaria and cleaning services firm Viki Komfort 2004 in 2016, is a joint venture of Empower Capital investment fund and the Finnish-based investment firm KJK Capital." According to DGKV, "the acquisition of VM Automation will add technical capabilities to Mundus’s portfolio, thus it will be able to provide its clients fully-integrated facility services."
DGKV's work on the project included transaction structuring and generation of transaction documents, SPA drafting, assistance in the negotiation process, closing formalities, and CPC notification. The firm's team was led by Partner Stephan Kyutchukov, assisted by Senior Associate Valentin Bojilov, while Partner Nikolai Gouginski and Associates Vladislav Antonov and Simeon Vachev are involved in competition clearance matters.