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Portrait of Ivan Gergov

Ivan Gergov

Senior Associate
Attorney-at-law

CMS Sofia
Landmark Centre
14 Tzar Osvoboditel Blvd
1000 Sofia
Bulgaria
Languages Bulgarian, English, German
Banking & Finance

Expertise

Ivan Gergov is an attorney-at-law and Senior Associate in the banking & finance team at the CMS office in Sofia. His practice focuses on advising international financial institutions, agents, large corporations and arrangers on a wide range of national and cross-jurisdictional matters, in particular debt financings, restructurings and non-performing loans.

Ivan Gergov is particularly experienced in advising financial institutions and corporate clients on real estate and project financing transactions. He has acted for a wide range of lenders and borrowers alike, having extensive expertise regarding the particulars of financing office buildings, shopping centres and renewable energy projects. Recently, he has also been involved in a number of restructurings and the sale of non-performing loan portfolios. Ivan Gergov has been leading the restructurings of several high-profile financing deals as well as the largest NPL sales in Bulgaria, supporting both sellers and buyers.

As Ivan Gergov also has a strong corporate and private equity practice, he can comprehensively advise his clients, covering all aspects of their transactions in Bulgaria and the wider CEE region.

Previous professional experience / education

Prior to joining CMS, Ivan Gergov worked at a leading international law firm and two investment banks.

Publications

Public M&A – Getting The Deal Through, 2018

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Relevant experience

  • Advising a major international bank on the restructuring of its EUR 57 million real estate financing of a shopping centre.
  • Advising a leading Bulgarian bank on multiple sales of NPL portfolios with an overall value of more than EUR 500 million.
  • Advising a leading multinational telecommunications company on the EUR 200 million acquisition of a Bulgarian internet provider.
  • Advising a US-based private equity fund on the acquisition of three NPL portfolios with an overall value of more than EUR 250 million as well as the conclusion of ancillary profit-sharing agreements with the banks involved.
  • Advising a syndicate of private investors on the provision of a EUR 300 million general purposes facility and a EUR 330 million incremental facility to a FinTech payment services provider.
  • Advising a Swiss-based family-owned holding company on the acquisition of the ICT leader in Bulgaria.
  • Advising three Austrian real estate investors on the largest sale of office space in Bulgaria.
  • Advising a consortium of lenders on the acquisition financing of three shopping centres.
more less

Publications

  • Country chapter on Bulgaria in Getting The Deal Through: Public M&A 2018
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Education

  • 2013 – University College London (UK), Master of Laws (LL.M.)
  • 2012 – University of Birmingham (UK), Bachelor of Laws (LL.B.)
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Corporate / M&A

Expertise

Ivan Gergov is an attorney-at-law and Senior Associate working in the corporate/M&A practice of CMS Sofia. He advises clients on a broad range of corporate law matters, with a particular focus on M&A deals, corporate governance and capital markets.

Ivan Gergov has extensive experience in advising clients on complex mergers and acquisitions in a broad range of industries. He has advised both sellers and buyers, having extensive expertise in TMC, real estate and energy mandates. More recently, Ivan Gergov has gained significant experience in the area of capital markets. In particular, he has worked on multiple acquisitions of public companies, compliance with mandatory provisions by public companies and on obtaining licenses for investment intermediaries and AIFMs.

In addition, Ivan Gergov co-authored the Bulgarian chapter on Public M&A for the 2018 edition of Getting The Deal Through.

Previous professional experience / education

Prior to joining CMS, Ivan worked with a leading international law firm and two investment banks

Publications

Public M&A – Getting The Deal Through, 2018

more less

Relevant experience

  • Advising a major international bank on the restructuring of its EUR 57 million real estate financing of a shopping centre.
  • Advising a leading Bulgarian bank on multiple sales of NPL portfolios with an overall value of more than EUR 500 million.
  • Advising a leading multinational telecommunications company on the EUR 200 million acquisition of a Bulgarian internet provider.
  • Advising a US-based private equity fund on the acquisition of three NPL portfolios with an overall value of more than EUR 250 million as well as the conclusion of ancillary profit-sharing agreements with the banks involved.
  • Advising a syndicate of private investors on the provision of a EUR 300 million general purposes facility and a EUR 330 million incremental facility to a FinTech payment services provider.
  • Advising a Swiss-based family-owned holding company on the acquisition of the ICT leader in Bulgaria.
  • Advising three Austrian real estate investors on the largest sale of office space in Bulgaria.
  • Advising a consortium of lenders on the acquisition financing of three shopping centres.
more less

Publications

  • Country chapter on Bulgaria in Getting The Deal Through: Public M&A 2018
more less

Education

  • 2013 – University College London (UK), Master of Laws (LL.M.)
  • 2012 – University of Birmingham (UK), Bachelor of Laws (LL.B.)
more less
Private Equity

Expertise

Ivan Gergov is an attorney-at-law and Senior Associate working in the private equity practice of CMS Sofia. 

In this capacity, he acts on behalf of portfolio companies and their managers and structures and executes various transactions, with a particular focus on leveraged buyouts, private debt financings and private real estate transactions. In the recent years, he has also focused on distressed acquisitions of offices, the purchase of non-performing loan portfolios as well as the provision of loans to technology companies by investment managers. In addition, Ivan Gergov has successfully negotiated various shareholders’ and management incentive schemes.

Previous professional experience / education

Prior to joining CMS, Ivan worked with a leading international law firm and two investment banks

Publications

Public M&A – Getting The Deal Through, 2018

more less

Relevant experience

  • Advising a major international bank on the restructuring of its EUR 57 million real estate financing of a shopping centre.
  • Advising a leading Bulgarian bank on multiple sales of NPL portfolios with an overall value of more than EUR 500 million.
  • Advising a leading multinational telecommunications company on the EUR 200 million acquisition of a Bulgarian internet provider.
  • Advising a US-based private equity fund on the acquisition of three NPL portfolios with an overall value of more than EUR 250 million as well as the conclusion of ancillary profit-sharing agreements with the banks involved.
  • Advising a syndicate of private investors on the provision of a EUR 300 million general purposes facility and a EUR 330 million incremental facility to a FinTech payment services provider.
  • Advising a Swiss-based family-owned holding company on the acquisition of the ICT leader in Bulgaria.
  • Advising three Austrian real estate investors on the largest sale of office space in Bulgaria.
  • Advising a consortium of lenders on the acquisition financing of three shopping centres.
more less

Publications

  • Country chapter on Bulgaria in Getting The Deal Through: Public M&A 2018
more less

Education

  • 2013 – University College London (UK), Master of Laws (LL.M.)
  • 2012 – University of Birmingham (UK), Bachelor of Laws (LL.B.)
more less

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Published in Manager Magazine I 31 March 2021
Dis­cus­sion on the M&A mar­ket in Bul­garia
CMS Sofia Part­ner Gentscho Pavlov and Seni­or as­so­ci­ate Ivan Ger­gov dis­cuss trends on the M&A mar­ket in Bul­garia in an in­ter­view for “Man­ager” magazine (the in­ter­view is in Bul­gari­an). Read the in­ter­view...
19 March 2021
Un­fair trad­ing prac­tices in the ag­ri­cul­tur­al and food sup­ply chain
Com­pan­ies act­ing in the food sup­ply chain for 2021 should re­vise their sup­ply agree­ments and har­mon­ise their busi­ness prac­tices with the new na­tion­al laws im­ple­ment­ing Dir­ect­ive (EU) 2019/633 on un­fair trad­ing prac­tices in B2B re­la­tion­ships in the ag­ri­cul­tur­al and food sup­ply chain. The un­fair trad­ing prac­tices (so-called UT­Ps) scheme must be trans­posed to na­tion­al le­gis­la­tions by 1 May 2021. WHAT? The UT­Ps scheme seeks to com­bat B2B prac­tices in the ag­ri­cul­tur­al and food sup­ply chain that grossly de­vi­ate from good com­mer­cial con­duct, are con­trary to good faith and fair deal­ing, and are uni­lat­er­ally im­posed by one trad­ing part­ner on an­oth­er. In short, the in­ten­tion of the rules is to shield ag­ri­cul­tur­al pro­du­cers or any nat­ur­al or leg­al per­son selling ag­ri­cul­tur­al and food products from UT­Ps. The Dir­ect­ive en­vis­ages that na­tion­al laws will ap­point com­pet­ent au­thor­it­ies to en­force the UTP rules. WHO? The rules are not auto­mat­ic­ally ap­plic­able to all sup­pli­er-buy­er re­la­tion­ships. The rules ap­ply when there is a sig­ni­fic­ant im­bal­ance in ne­go­ti­ation power, which is as­sessed by com­par­ing the an­nu­al turnovers of the parties. HOW? Pre­cau­tion­ary meas­ures for de­term­in­ing busi­ness re­la­tion­ship con­di­tions must be ap­plied since na­tion­al laws have a wide dis­cre­tion in de­fin­ing the UT­Ps, provided that at least those spe­cified in the Dir­ect­ive are in­cluded. The list of UT­Ps is di­vided in­to prac­tices that are al­ways for­bid­den (e.g., pay­ment peri­ods longer than 30 or 60 days (de­pend­ing on the type of products), uni­lat­er­ally chan­ging cer­tain terms of a sup­ply agree­ment, etc.) and those for­bid­den de­pend­ing on the cir­cum­stances (e.g., re­quir­ing the sup­pli­er to bear the costs of dis­counts or ad­vert­ising, or to ac­cept back un­sold products without the ob­lig­a­tion of the buy­er to pay for them or for their dis­pos­al).
10 February 2021
Bul­gari­an com­pet­i­tion com­mis­sion in­tro­duces pre-mer­ger no­ti­fic­a­tion dis­cus­sions
On 1 Janu­ary 2021, the Bul­gari­an Com­mis­sion for Pro­tec­tion of Com­pet­i­tion (CPC) in­tro­duced a new pro­ced­ure for com­mu­nic­at­ing with ap­plic­ants in mer­ger no­ti­fic­a­tion pro­ced­ures be­fore the no­ti­fic­a­tion...
Published in SeeNews TOP 100 SEE 2020
The European Com­mis­sion State Aid Tem­por­ary Frame­work – a SEE per­spect­ive
State aid meas­ures that dis­tort com­pet­i­tion and trade with­in the European Uni­on are gen­er­ally pro­hib­ited un­der the Treaty on the Func­tion­ing of the European Uni­on. Still, the European Com­mis­sion has the...
03 December 2020
CMS Em­ploy­ment Snack: Re­struc­tur­ing and Mass Re­dund­an­cies I Bul­garia
The im­pact of Cov­id-19 on the glob­al eco­nomy poses sig­ni­fic­ant chal­lenges to nu­mer­ous com­pan­ies. Many are now forced to re­struc­ture their busi­nesses to en­sure their eco­nom­ic sur­viv­al. Mass re­dund­an­cies...
14 October 2020
EBA re­com­mends single rule­book for com­bat­ing anti-money laun­der­ing in EU
In its 10 Septem­ber opin­ion, the EBA made the fol­low­ing re­com­mend­a­tions on com­bat­ing anti-money laun­der­ing and counter ter­ror­ist fin­an­cing (AML-CFT) in the EU: In or­der to set down dir­ectly ap­plic­able...
01 October 2020
UK Banks op­er­at­ing in Bul­garia: a no-deal scen­ario per­spect­ive
With the Brexit trans­ition peri­od between the EU and UK end­ing on 31 Decem­ber 2020 and the pro­spects of an agree­ment fad­ing, a sig­ni­fic­ant level of un­cer­tainty is en­vel­op­ing in a mul­ti­tude of sec­tors...
23 September 2020
Sur­vey by the Bul­gari­an Fin­an­cial Su­per­vi­sion Com­mis­sion re­veals in­creased...
Bul­gari­an com­pan­ies in­volved in the in­sur­ance, in­vest­ment and so­cial in­dus­tries are ad­opt­ing FinTech solu­tions, such as di­git­al plat­forms, cloud ser­vices, mo­bile tech­no­lo­gies, mo­bile ap­plic­a­tions and...
20 August 2020
Euro bank­ing au­thor­ity launches pub­lic con­sulta­tion on In­tern­al Gov­ernance...
On 31 Ju­ly 2020, the European Bank­ing Au­thor­ity (EBA) launched a pub­lic con­sulta­tion on re­vi­sions of the Guidelines on In­tern­al Gov­ernance as part of the au­thor­ity's aim to fur­ther har­mon­ise the in­tern­al...
04/08/2020
CMS Sofia ad­vised on the EUR 110 mil­lion re­fin­an­cing of the largest of­fice...
OTP Bank, DSK Bank and Eurobank have signed a term loan fa­cil­it­ies agree­ment with Busi­ness Park Sofia, owned and op­er­ated by Arco Cap­it­al Cor­por­a­tion, re­gard­ing the re­fin­an­cing of the ex­ist­ing ex­pos­ures...
24 July 2020
Bul­gari­an Na­tion­al Bank ex­tends morator­i­um for loan re­pay­ment ap­plic­a­tions
On 9 Ju­ly 2020, the Bul­gari­an Na­tion­al Bank (BNB) ap­proved the morator­i­um ex­ten­sion for cus­tom­er loan re­pay­ments and ap­provals from 30 June to 30 Septem­ber 2020 and ex­ten­ded the fi­nal dead­line for bank...
17 July 2020
Bul­garia takes steps to im­ple­ment Pro­spect­us Reg­u­la­tion
On 27 May 2020, the Bul­gari­an Coun­cil of Min­is­ters pub­lished the first draft of a par­lia­ment­ary bill, which im­ple­ments the pro­vi­sions of Reg­u­la­tion (EU) 2017/1129 (Pro­spect­us Reg­u­la­tion) by amend­ing...