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Portrait of Atanas Bangachev

Atanas Bangachev

Partner
Head of Corporate, CMS Sofia

Contact
CMS Sofia
Landmark Centre
14 Tzar Osvoboditel Blvd
1000 Sofia
Bulgaria
Languages Bulgarian, English

Atanas Bangachev is a partner based in Sofia and Head of the Corporate practice group.

He is a Bulgarian-qualified lawyer specialising in Bulgarian corporate, contract and privatisation law. His main area of expertise is M&A transactions across a variety of sectors.

Atanas served as Executive Director of the Privatisation Agency of the Republic of Bulgaria. During this time he was involved in some of the largest privatisation deals in Bulgaria. He is one of the leading and best-known legal professionals in M&A and Private Equity in the country and has an extensive track record and familiarity with the market. He is experienced in all corporate matters ranging from registration of entities, to corporate restructuring, SPVs, mergers and acquisitions, capital raising, drafting and reviewing of shareholders documentation, company restructuring.

In addition, Atanas has assisted major international companies across different sectors of the economy in carrying out internal compliance investigations of their Bulgarian operations. He is the leading CMS lawyer in Sofia for employment regulatory and compliance matters and white collar crime.

Atanas Bangachev is praised as a "problem solver" who "is very commercially oriented and helps clients get good results in negotiations" by Chambers and Partners Europe.

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Relevant experience

  • Advent International, one of the largest and most experienced global private equity investors, on the sale of the KAI Group, a leading manufacturer of ceramic tiles and other building materials, to a Luxembourg-based affiliate of Mohawk Industries Inc., one of the world’s largest flooring companies.
  • Riverside Europe Partners LLC, a private equity fund, on the acquisition of a majority shareholding in the Bulgarian TMT company – Fadata. Work included a legal due diligence process, transactional advice and assistance in closing the deal. This is the among the largest deals in Bulgaria’s IT sector for 2014/2015.
  • Quinn Group on the sale of Hilton in Sofia. Work included negotiation of the Share Purchase Agreement, negotiating of the transactional documents, review and revising of the corporate structure of the transaction as well as post-completion transactional assistance. This was part of a package sale where CMS also advised Quinn Group on the sale of Sheraton Krakow Hotel in Poland. This was a cross border transaction covering Poland, England, Ireland and Switzerland, with a financing component under New York law.
  • CVCI and NBGIon their acquisition of 90% of the share capital of Prestige 96 – one of the leading produces in the confectionary industry. Work included a legal due diligence, assistance in the structuring of the transaction, the negotiation of the transaction documents, and the very closing mechanics. CMS has also advised on the merger control aspects of the deal and on the obtaining of unconditional merger clearance from Bulgarian CPC.
  • Europa Capital on the acquisition of the first shopping mall in Bulgaria, Mall of Sofia, for more than EUR 100 million from GE Capital Investments Holding B.V. and Fellstone Limited.
  • Delhaize, one of the leading European retail operators, on the Bulgarian aspects of its acquisition of a major local chain of supermarkets, owned by Delta Maxi Group, Serbia.
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Education

  • LLM, The University of Sofia, St. Kliment Ohridski, Sofia
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08/09/2022
Can­nabis law and le­gis­la­tion in Bul­garia
Med­ic­al use Bul­gari­an le­gis­la­tion does not al­low the use of can­nabis for med­ic­al pur­poses.The use, cul­tiv­a­tion, im­port, ex­port and con­trol of can­nabis is gen­er­ally reg­u­lated by the Bul­gari­an Nar­cot­ic...
12/10/2021
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09/09/2021
CEE Mer­ger Clear­ance Mat­rix 2021
Cross bor­der M&A trans­ac­tions that re­quire mer­ger con­trol ap­provals in sev­er­al jur­is­dic­tions have be­come com­mon­place. To re­duce time delays and keep costs down, it is es­sen­tial to identi­fy at the early...
10/05/2021
The Fu­ture is Now: The New World of Work in Bul­garia
As a res­ult of the COV­ID-19 pan­dem­ic and meas­ures put in place in re­sponse, coun­tries around the world – in­clud­ing Bul­garia – have ad­op­ted new in­nov­a­tions in the area of em­ploy­ment in a bid to keep...
29/04/2021
CEE Green­field Guide
CEE coun­tries have at­trac­ted sig­ni­fic­ant for­eign dir­ect in­vest­ment in green­field op­er­a­tions in re­cent years. In­deed, many man­u­fac­tur­ing busi­nesses have fo­cused on ex­pand­ing ca­pa­city in CEE coun­tries...
25/11/2020
Pop­u­lar in­vest­ment vehicles in Bul­garia
Up­dated on May 2022 In­vest­ment vehicle Spe­cial pur­pose in­vest­ment com­pany (дружество със специална инвестиционна цел or АДСИЦ in Bul­gari­an) 1. Form Cor­por­ate: Joint-stock...
Comparable
01/07/2020
Sign­ing with e-sig­na­ture in CEE
Di­git­al­isa­tion af­fects all as­pects of a busi­ness’s op­er­a­tions, in­clud­ing con­tracts, in­tern­al doc­u­ment­a­tion and em­ploy­ment re­la­tion­ships. The COV­ID-19 pan­dem­ic has cre­ated the need for con­tact­less and...
21/02/2020
Bul­garia pub­lishes first as­sess­ment on risks of money laun­der­ing and ter­ror­ist...
On 9 Janu­ary 2020, the Bul­gari­an State Agency for Na­tion­al Se­cur­ity (SANS) is­sued the Na­tion­al Risk As­sess­ment of Money Laun­der­ing and Ter­ror­ist Fin­an­cing, which ana­lyses the in­tern­al and ex­tern­al risks...
14/11/2019
CMS Guide to Pass­port­ing (UCITS)
The pur­pose of this guide is to provide a broad over­view of the key ele­ments of pass­port­ing reg­u­la­tions ap­plic­able to EEA UCITS Scheme in the coun­tries covered in this guide. The guide makes no claims...
08/03/2019
In­form­a­tion shar­ing con­cerns in trans­ac­tions with­in CEE
Strong eco­nom­ic per­form­ance and a gen­er­ally spark­ling M&A mar­ket de­scribe the Cent­ral and East­ern European land­scape these days.Mar­ket re­search­ers see steady growth year on year in M&A activ­it­ies and...
04/03/2019
In­form­a­tion Shar­ing in M&A trans­ac­tion in CEE
Strong eco­nom­ic per­form­ance and a gen­er­ally spark­ling M&A mar­ket de­scribe the Cent­ral and East­ern European land­scape these days. Mar­ket re­search­ers see steady growth year on year in M&A activ­it­ies and...
30/10/2018
Bear­er shares now fully ab­ol­ished in Bul­garia
On 23 Oc­to­ber 2018, amend­ments to the Bul­gari­an Com­merce Act came in­to force, which en­tirely re­peal bear­er shares in Bul­garia. Ac­cord­ing to this amend­ment, all ex­ist­ing joint-stock com­pan­ies and part­ner­ships...