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Tokushev & Partners and CMS Advise on Bulgarian CIF’s Investment in Barin Sports

Tokushev & Partners and CMS Advise on Bulgarian CIF’s Investment in Barin Sports

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Tokushev & Partners has advised the Capital Investments Fund – part of the Bulgarian Development Bank Group – on leading a EUR 2.2 million investment round into Barin Sports. CMS advised Barin Sports.

Existing shareholders also participated in the round. 

According to Tokushev & Partners, Barin Sports is a Bulgarian artificial intelligence-enabled electronic performance-tracking technology developer operating in the sports industry. According to CMS, the company “produces an AI system that facilitates sports teams monitoring the condition of their players. The portable device displays, in real time, the physical condition of professional athletes and their performance on the field.”

The Tokushev & Partners team included Partner Boris Teknedzhiev and Lawyer Maria Mitkova.

The CMS team included Partner Dimitar Zwiatkow, Senior Associate Ivan Gergov, and Junior Associate Elitsa Hinova.

CMS at a Glance

CMS Sofia is a full-service law firm, the largest international law firm in Bulgaria and one of the largest providers of legal services in the local market as a whole. The breadth and depth of our practice means that our lawyers are specialised, with a level of specialisation that few of our competitors can match.

CMS Sofia is the Bulgarian branch of CMS, a top ten global legal and tax services provider with over 5000 lawyers in 43 countries and 78 offices across the world.

CMS entered the Bulgarian market as one of the first internationally active law firms in 2005 and is now among the most respected legal advisors in the country. We have 7 partners, 4 counsel and over 30 lawyers in our office in Sofia.

Our legal experts, who are rooted in Bulgaria’s local culture, can also draw on years of experience in foreign countries and are at home in several legal systems at once. We know the particularities of the local market just as well as the needs of our clients and combine both to achieve optimum solutions. Our lawyers are Bulgarian qualified and we also have English qualified experts – all of them regularly working on cross-border mandates.

In our work, we focus on M&A, Energy, Projects and Construction, Banking and Finance, Real Estate, Media, IP and IT law, Tax, Employment law, Competition, Procurement and any kind of Dispute resolution, including arbitration and mediation. What’s more, we also take care of the entire legal management of our clients’ projects.

Firm's website.