Kinstellar has advised Total Specific Solutions on its entry into the Bulgarian market through the acquisition of AS Systems. Sabev & Partners advised the sellers.
Total Specific Solutions is a vertical market software group.
AS Systems is a Bulgarian software company with ERP solutions for medium and large manufacturing and trading companies as well as pharmacies and pharmacy associations.
According to Kinstellar, “the acquisition helps TSS strengthen its foothold in the CEE region, especially in the healthcare sector. As a global provider of IT business solutions, TSS consists of independent business units that deliver products and services to their specific vertical market segments.”
The Kinstellar team included Partner Nina Tsifudina, Managing Associate Georgi Kanev, Senior Associate Denitsa Kuzeva, and Associate Yasen Toshev.
The Sabev & Partners team included Managing Partner George Sabev and Partner Boryana Boteva.