Eversheds Sutherland Bulgarian member Tsvetkova Bebov & Partners, working alongside Freshfields Bruckhaus Deringer, has advised Villeroy & Boch on the acquisition of Bulgarian Ideal Standard- Vidima AD, part of the Ideal Standard Group. White & Case and Boyanov & Co reportedly advised the sellers.
The transaction remains contingent on regulatory approval.
Ideal Standard is a multinational supplier of bathroom products. The company employs more than 7,000 people in 11 production sites in Europe and the Middle East.
According to Tsvetkova Bebov & Partners, “this transaction is the largest one in Villeroy & Boch’s 275-year-old history, with a purchase price based on a company valuation of around EUR 600 million.”
The Tsvetkova Bebov & Partners team included Managing Partner Irina Tsvetkova, Partner Victoria Tzonkova, Counsel Petar Takov, Managing Associate Philip Kiossev, Senior Associate Victoria Marincheva, and Associate Margarita Zhivkova.