Boyanov & Co has advised Eurobank and Alpha Bank – acting directly and through their subsidiaries – on financing Tyrbul’s acquisition of the United Milk Company. The Legal Consultancy reportedly advised Tyrbul.
According to Boyanov & Co, Tyrbul is a subsidiary of Hellenic Dairies, a third-generation family business that operates in the dairy sector in Greece and 47 other countries.
The United Milk Company is a Bulgarian dairy company and was a wholly owned Bulgarian subsidiary of Delta Foods SMSA, a member of the Vivartia Group, that produces and distributes dairy products and fresh fruit juices.
Delta Foods SMSA had agreed to sell the United Milk Company to Tyrbul back in September (as reported by CEE Legal Matters on September 7, 2022). The sale transaction finally closed in March 2023 (as reported by CEE Legal Matters on March 23, 2023).
The Boyanov & Co team included Partner Damian Simeonov and Senior Associate Georgi Drenski.