Investors keen on clean energy, infrastructure, real estate
Clean energy, infrastructure and distressed property assets have the widest appeal with investors at the moment and restructuring is also sparking keen interest, Anna Rizova-Clegg, managing partner of the Bulgarian office of global legal service provider DLA Piper, told a news conference in Sofia on September 2 2009.
Although it is still grappling with consequences of the worldwide economic downturn, the property sector has remained one of the main fields for the company’s Bulgarian businesses. But interest in depressed assets in the sector comes chiefly from investment funds with a suitable business management model, she said.
The Bulgarian office has served as a consultant on projects worth about 100 million euro since the start of 2009, planning to add a furtrher 50 million euro, mostly in distressed property assets.
The company is also active on the equity market and is an active M&A partner but investors have lost sight of new purchases as they are busy restructuring their portfolios.
DLA Piper opened its Bulgarian office in 2006 and now employs about 15 lawyers. It is in talks to expand its local business through acquisitions of new partners.
Text source: sofiaecho.com
Photo: Assen Tonev
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