Hristov Partners has advised Elit Car and its founders on the parallel acquisition of Auto Kelly Bulgaria Ltd. and the sale of 20% of Elit Car's share capital to Auto Kelly a.s., an affiliate of LKQ Corporation. Djingov, Gouginski, Kyutchukov & Velichkov advised Auto Kelly.
The series of transactions was completed on September 30, 2019, following the unconditional phase-one merger control approval of the Bulgarian competition authority.
The Elit Car Group is a dealer of auto spare parts in Bulgaria. The company has been in the market for over 15 years.
The Chicago-based LKQ Corporation is a global provider of alternative and specialty parts to repair and accessorize automobiles and other vehicles. It has operations in North America, Europe, and Taiwan, offering a broad range of replacement systems, components, equipment and parts to repair and accessorize automobiles, trucks, and recreational and performance vehicles.
The Hristov Partners team was led by Partner Pavel Hristov, supported by Partner Biliana Shagova and Associate Dragomir Stefanov.
The DGKV team consisted of Partner Zdravka Ugrinova, supported by Senior Associates Lilia Kisseva, Silviya Apostolova, Vladislav Antonov, and Kamen Gogov, and Associates Tsvetelina Bayraktarova, Galin Atanasoff, Lena Borislavova, Viktoriya Marincheva, Dessislava Ivanova, Darina Kuzeva, Hristo Stoyanov, and Peter Angov.
