DTT Advised a Luxembourg Based Private Equity Fund on the Acquiring of Large Minority Stake in Telelink Business Services Group. A company, listed on the Bulgarian Stock Exchange, Telelink (TBS) is a leading business services company in South Eastern Europe. Founded in 2001 by Lyubomir Minchev and headquartered in Sofia, Bulgaria, TBS has established itself as the leading system integrator in the region focusing on digital transformation, infrastructure integration and management, information security and the Internet of Things (IoT).
DTT provided crucial support in structuring and execution of this complex transaction, combining for a first time a traditional private equity investment with a stock exchange sale whilst retaining the typical legal structure and covenants required by the private investors. Public companies are extremely regulated in Bulgaria, and their legal regime and restrictions critically collide with the investment policy of the foreign private investor, making this approach impossible, or at least that was what everybody believed. Until now.