Boyanov & Co. has advised the Visteon Corporation on Bulgarian elements related to its acquisition of the automotive electronics business of Johnson Controls.
The acquired business provides automakers with driver information, infotainment, connectivity, and body electronics products. The transaction involves about 4,800 employees, including about 1,000 engineers, electronics specialists, and designers at seven research and development centers, including the Bulgarian Electronics Development Center of Johnson Controls, which has nearly 600 employees. According to Boyanov & Co., the acquisition "creates one of the world’s three largest suppliers of vehicle cockpit electronics."
Boyanov & Co. acted as Bulgarian legal counsel to Visteon, and provided advice and assistance on all Bulgarian legal aspects of the deal. The Boyanov & Co.’s team on the deal was led by Senior Associate Nickolai Zisov. Visteon's global legal counsel was Skadden, Arps, Slate, Meagher & Flom.