MoFo News Item

Morrison & Foerster recognized in CEE Legal Matters’ Deals of the Year Awards

17 Feb 2022

Morrison & Foerster has been recognized by CEE Legal Matters for its role advising EuroHold Bulgaria AD (EuroHold Bulgaria) on the €355 million acquisition of the Bulgarian power distribution/renewable energy business of Czech utility company ČEZ and the €360 million senior secured and €110 million holdco PIK financing for the acquisition and the two mandatory tender offers for minority interests in subsidiaries triggered by the acquisition. The deal has been shortlisted as a 2021 Deal of the Year–Bulgaria at the CEELM Deals of the Year Awards.

Partner Gary Brown led the corporate team for the acquisition and partner Christopher Kandel and senior associate Amber Pledge led the banking team for the finance.

EuroHold Bulgaria is one of the leading public companies in Bulgaria. Through its subsidiaries, it engages in financial services, leasing, insurance, and car sales businesses. ČEZ Bulgaria’s power distribution arm services Western Bulgaria, including the capital Sofia. The acquisition is EuroHold Bulgaria’s first acquisition of a power distribution business and part of the company’s long-term strategy to enter new regulated business segments with sustainable high growth potential.

CEE Legal Matters is an authoritative print and online publication for and about the lawyers and legal markets of Central and Eastern Europe. Winners will be announced at the annual CEELM Deals of the Year Banquet in London, scheduled for April 5, 2022.

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