Bulgaria: Schoenherr advises BlackPeak Capital on equity investment in courier and fulfilment provider EUShipments.com
Schoenherr advised BlackPeak Capital in relation to their equity investment of up to EUR 7.5m in EUShipments.com, a courier and fulfilment provider with operations in the EU and the UK and the holding company of InOut Trade.
Schoenherr's scope of services included an extensive buyer due diligence investigation with a red-flag report of findings and recommendations as well as the drafting and negotiation of a share subscription agreement for the subscription by BlackPeak of new shares by capital increase and a shareholders' agreement for the future relationship of the shareholders in respect to the company's management, transfer of shares, exit, etc.
"We were glad to advise on this deal as part of our long-term partnership with BlackPeak Capital," said Ilko Stoyanov, partner at Schoenherr Bulgaria. "This transaction increases BlackPeak's investments in Bulgaria and further enhances competition in the courier and logistics sector in this country and the EU."
BlackPeak Capital is a private equity firm focused on investing growth equity in Southeast Europe – Romania, Bulgaria, Slovenia, Croatia and Serbia. Its mission is to deliver capital appreciation and diversification for its investors by investing and supporting the region's outstanding entrepreneurs in building world-class companies. BlackPeak Capital currently manages BlackPeak Fund I and BlackPeak Southeast Growth Equity Fund.
EuShipments.com is a leading courier service integrator focused on providing a comprehensive range of services across 27 markets in Europe to cater for the needs of regional e-commerce exporters. The company optimises the process of sending, warehousing, tracking, and delivery of parcels through a proprietary network of local courier operators and warehouse locations at strategic places in Europe. The main hub of the company is strategically located in Ruse on the Bulgarian-Romanian border, from where it distributes parcels to their destinations via an innovative IT platform which integrates in real-time clients, directs shipments towards the most optimal partners and provides tracking and monitoring information of the entire process.
The Schoenherr team advising BlackPeak Capital on the transaction was led by Ilko Stoyanov (partner) and included Katerina Kaloyanova-Toshkova (attorney at law), Ivelina Vassileva (attorney at law), Gergana Roussinova-Ivanova (associate) and Kristina Bozhinova (associate).