BOYANOV & Co. Advised Ideal Standard Vidima
BOYANOV & Co. advised Ideal Standard Vidima on a syndicated (club deal) EUR 65 million financing, provided by DSK Bank (EUR 45 million) and United Bulgarian Bank (EUR 25 million). The loan was secured mainly by a pledge of Ideal Standard Vidima’s going concern.
Ideal Standard Vidima is part of the Ideal Standard International group (one of the world’s leading manufacturers of residential, commercial and healthcare bathroom solutions) and is one of the largest and most important companies in the group employing more than 3,000 people. It has two factories in Bulgaria – production of sanitary fittings and sanitary ceramics, but also distribution center, trade organisation “Cluster Bulgaria” and the European structures – IT competencies and Financial Services Center.
The core team of BOYANOV & Co. was comprised of finance partner Damian Simeonov and finance senior associate Georgi Drenski. They were assisted on certain matters by real estate associate Svetlana Tzvetkova and associates Adriana Bakalova and Deyvid Iliev.
Picture copyright: Ideal Standard Vidima