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Boyanov & Co Helps Ideal Standard Vidima Obtain EUR 65 Million Loan

Boyanov & Co Helps Ideal Standard Vidima Obtain EUR 65 Million Loan

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Boyanov & Co has helped Ideal Standard Vidima obtain a loan of EUR 65 million, with EUR 45 million coming the DSK Bank and another EUR 20 million from the United Bulgarian Bank. 

According to Boyanov & Co, “the loan was secured mainly by a pledge of Ideal Standard Vidima’s going concern.” 

Ideal Standard Vidima is a part of the Ideal Standard International group, a manufacturer of residential, commercial, and healthcare bathroom solutions. The company employs more than 3,000 people and manages two factories and a distribution center in Bulgaria, among other operations. 

Boyanov & Co’s team consisted of Partner Damian Simeonov, Senior Associate Georgi Drenski, and Associates Svetlana Tzvetkova, Adriana Bakalova, and Deyvid Iliev.

Boyanov & Co did not reply to an inquiry about the deal.

Bulgaria Knowledge Partner

Schoenherr is a leading full-service law firm providing local and international companies stellar advice that is straight to the point. With 15 offices and 4 country desks Schoenherr has a firm footprint in Central and Eastern Europe. Our lawyers are recognised leaders in their specialised areas and have a track record of getting deals done with a can-do, solution-oriented approach. Quality, flexibility, innovation and practical problem-solving in complex commercial mandates are at the core of our philosophy.

Firm's website: www.schoenherr.eu

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