CMS has advised Global Biomet on the acquisition of two photovoltaic parks in Bulgaria from the US/Indian venture Good Earth. The seller was represented by Hristova, Jivkov & Tsotsorkova, a recent spin off from Eurolex Bulgaria.
Global Biomet is the owner of the largest rooftop photovoltaic power plant in Bulgaria, and prior to this transaction was the owner of eight projects, both self-developed and acquired as operational assets. The new acquisition adds extra 2 200 kWp installed capacity to Global Biomet's portfolio.
The project also involves restructuring of the debt of the project originally extended by the KBC-owned United Bulgarian Bank.
The CMS team was led by Partner Kostadin Sirleshtov and Senior Associate Angel Bangachev, and included, among others, Associates Borislava Pokrass, Raya Maneva, Dimitar Dimitrov, Alexander Rangelov, and Borislava Piperkova.
The Hristova, Jivkov & Tsotsorkova team was led by Partner Hristina Hristova.