Mergers and acquisitions

The only sure thing is change. It’s time for visionaries and brave leaders!

Our primary goal is to negotiate, structure and execute our clients’ business transactions in a cost-effective manner to help them cope with the realities of the technological world.

A special emphasis in our expertise is mergers and acquisitions related to investments from Venture funds.

M&A corporate practice of Toncheva&Partners is focused on innovative business advice oriented to successful results. Our team combines legal skills, creativity and practical business experience gained over the years of supporting many complex and multi-stage transactions in the market.

Our client list includes leading businesses as well as start-ups and growth companies operating in various industry sectors such as telecommunications and media, IT, pharmaceuticals, renewable energy, food and beverage and distribution, real estate and infrastructure, and river and maritime transport.

We are actively engaged in mergers, acquisitions, joint ventures, and corporate restructuring following the recent economic changes:

  • Structuring and finalizing transactions;
  • Business and financial restructuring, reorganization and reogranisation;
  • Strategic alliances and joint ventures;
  • Shareholders’ rights; commercial and non-disclosure agreements;
  • Disputes between shareholders;
  • Transactions with shares traded on the stock exchange;
  • Acquisition of shares from Funds;
  • Transfer of assets and shares;/li>
  • Tax structuring and tax planning;
  • Commercial contracts;
  • Legal analyses, transaction documents, regulatory requirements;
  • Initial research, negotiation, transaction structuring and Due Diligence, other forms of corporate or financial reorganization;
  • Purchase and sale agreements and other transactional documents;
  • Representation in merger approval procedures.


“For me, for my partners and colleagues, one thing always remains true about AD “Toncheva and Partners” – the feeling of security, peace of mind, that we are in the right place and will receive the right advice.”

National Board of Tourism

Dr. Polina Karastoyanova, CEO

“Toncheva and Partners JSC has the necessary expertise covering all needs.”

Association AIBEST

Nora Ishkova, CEO

“I was impressed by the depth of the legal research and the comparative analysis they did between the Bulgarian legislation and the European framework for early childhood education and care.”

Foundation for children at risk around the world

Rositsa Bogalinska-Petrova, CEO