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CMS Advises EBRD on EUR 22 Million Loan to Farmak Group for Polish Pharma Acquisition and IT Upgrades

CMS Advises EBRD on EUR 22 Million Loan to Farmak Group for Polish Pharma Acquisition and IT Upgrades

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CMS, working with Harneys Cyprus, has advised the European Bank for Reconstruction and Development on a EUR 22 million loan to the Cyprus-based Farmak Group and Ukraine's JSC Farmak for the acquisition of Poland's Symphar and the upgrade of JSC Farmak's IT systems.

According to the firm, the Polish strategic acquisition aligns with Farmak's international expansion strategy, "building upon previous successful acquisitions in the Czech Republic and Slovakia. It also strengthens Farmak's position in diabetology, psychiatry, neurology, women's health, and other segments in the EU."

"Notwithstanding the challenges faced by Ukrainian businesses these days, the Farmak deal demonstrates strong resilience and willingness to expand into new markets in the pharmaceutical sector, including neighboring markets within the EU," CMS Partner Ihor Olekhov commented. "With the right financing in place, Ukrainian businesses can create added value and synergies on an international scale."

The CMS team included Poland-based Partner Rafal Zakrzewski and Senior Associate Evgeniy Vazhynskiy, Ukraine-based Olekhov and Associates Ivan Pshyk and Iryna Barlit, and additional teams in Switzerland and Germany.

CMS at a Glance

CMS Sofia is a full-service law firm, the largest international law firm in Bulgaria and one of the largest providers of legal services in the local market as a whole. The breadth and depth of our practice means that our lawyers are specialised, with a level of specialisation that few of our competitors can match.

CMS Sofia is the Bulgarian branch of CMS, a top ten global legal and tax services provider with over 5000 lawyers in 43 countries and 78 offices across the world.

CMS entered the Bulgarian market as one of the first internationally active law firms in 2005 and is now among the most respected legal advisors in the country. We have 7 partners, 4 counsel and over 30 lawyers in our office in Sofia.

Our legal experts, who are rooted in Bulgaria’s local culture, can also draw on years of experience in foreign countries and are at home in several legal systems at once. We know the particularities of the local market just as well as the needs of our clients and combine both to achieve optimum solutions. Our lawyers are Bulgarian qualified and we also have English qualified experts – all of them regularly working on cross-border mandates.

In our work, we focus on M&A, Energy, Projects and Construction, Banking and Finance, Real Estate, Media, IP and IT law, Tax, Employment law, Competition, Procurement and any kind of Dispute resolution, including arbitration and mediation. What’s more, we also take care of the entire legal management of our clients’ projects.

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