Bulgaria's M&A market is being helped by the
recovery of the EU-wide economy, including in the smaller
economies across the EU. EU sources of funding for Bulgarian
small- to medium-sized enterprises (SMEs) are also among the
significant factors providing a boost to the Bulgarian M&A
Investors are typically interested in the acquisition of
majority shareholdings in market leaders in different sectors
of the economy or in companies with serious optimisation
potential. Often, they look for consolidation opportunities
where they would first invest in one of the local market
leaders and subsequently, use the investment as a platform to
acquire more companies in the same business sector in order to
consolidate and optimise the market. Consolidation in the
banking sector also represents a significant trend.
In 2019 we saw a major reshuffling in the media sector as
the two largest Bulgarian private TV...