AFA participated in a number of privatisation projects and provided advisory services (financial and accounting, tax and legal) in relation to merger and acquisition projects of large local and multinational investors in various sectors of the Bulgarian economy, including:

  • production and trade in alcoholic and soft beverages
  • glass industry
  • production of cement, lime, gypsum and gypsum articles
  • manufacturing of chemical products
  • manufacturing of furniture
  • trade in automobiles
  • production of films
  • other entertainment-related activities

We participated in joint projects in this area together with Deloitte & Touche, Coopers & Lybrand and PriceWaterhouse, Ernst & Young.

AFA carried out financial and tax due diligence for a large number of companies interested in the privatisation of Bulgarian enterprises operating in:

  • raw material extraction
  • construction, including road infrastructure
  • energy
  • telecommunications
  • production and trade in alcoholic and soft beverages
  • manufacturing and trade in tobacco products
  • publishing
  • IT services

In addition, we have significant experience as advisors on project related to internal restructuring, optimisation of key business processes, internal controls and information flows and systems, including development of internal rules and procedures.