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TBP and Logofetova and Associates Advise on Sale of Transact Europe to GreenBox

TBP and Logofetova and Associates Advise on Sale of Transact Europe to GreenBox

Bulgaria
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Tsvetkova Bebov & Partners has advised James Bergman and other sellers on the sale of the Transact Europe Group to GreenBox POS. Logofetova and Associates advised GreenBox on the deal.

Transact Europe is an e-money institution licensed by the Bulgarian National Bank. GreenBox is a US fintech company listed on NASDAQ.

According to Tsvetkova Bebov & Partners, “the almost USD 28 million transaction closed in early April 2022. The closing followed clearance of the transaction from the Bulgarian National Bank and the Commission for Protection of Competition.”

“We have already seen, over the past few months, the depth and breadth of new merchants and partner opportunities that GreenBox is adding to Transact Europe,” Transact Europe Group Chairman James Bergman commented. “These substantial volumes and excellent margins make it clear [how] successful GreenBox will be in their ownership. We wish them every success.”

The TBP team included Managing Partner Nikolay Bebov, Counsel Maria Karacholova, Managing Associate Eleonora Mateina, and Senior Associates Anastasiya Grunova and Martina Dimitrova.

The Logofetova and Associates team included Managing Partner Iglika Logofetova, Partner Mariyana Ivanova, and Senior Associate Iva Kouzmanova.

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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