Mergers & Acquisitions: Sale of the diary company Fama to GED

In 2007 the Spanish private equity group GED acquired Bulgarian diary company Fama.  The acquisition was the first GED made through its private equity fund for Eastern Europe, GED Eastern Fund II, in Bulgaria and the fourth in the region.

Fama was estimated to hold around 12% market share on the relevant market being the third largest installed capacity in Bulgaria.  Fama’s range of products included the manufacturing of its own products as well as the distribution international premium brand products.

Delchev & Partners advised Fama on the whole process of the transaction including the accomplishment of the notification of the transaction to the Bulgarian Commission on Protection of Competition and successfully obtained the clearance from the competition regulator.