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Djingov Gouginski Kyutchukov & Velichkov (DGKV) on the seller side and Spasov & Bratanov on the China Development Bank side have also advised on the deal and its complexity.
Helios Projects JSC is a Bulgaria-based photovoltaic company whose assets include a solar park with a capacity of 50 MWh. The €65 million transaction was financed by UniCredit Bulbank AD and was subject to clearance by the Commission for Protection of Competition (CPC) and the Energy and Water Regulatory Commission. The debt of China Development Bank has been refinanced by UniCredit Bulbank AD.
The Gugushev & Partners team comprised managing partner Stefan Gugushev, senior partner Dimitrinka Metodieva and partner Kostadinka Deleva, with associate Mihaela Dimitrova consulting.
