Gugushev & Partners Law Office advised the shareholders of Tilbeys Holdings Ltd. in connection with the sale of its subsidiary, Sixty K AD, to ResultsCX, a US-based company specialising in customer experience management services and solutions. Sixty K AD is a Bulgarian company providing business process outsourcing and multilingual contact centre services to clients across a range of industries.

Gugushev & Partners provided comprehensive legal support throughout the transaction, which involved three Bulgarian companies. The firm conducted legal due diligence of the companies from the sellers’ perspective, advised on the tax aspects of the transaction, and assisted with the preparation of the documentation required for the buyer’s due diligence process. The team also supported the client throughout the due diligence process and advised on the preparation and negotiation of the share purchase agreement, as well as the transaction documentation required for completion.

The specific nature of Sixty K AD’s business, combining business process outsourcing services with activities as an insurance agent and insurance broker, gave rise to additional legal and regulatory considerations. The firm reviewed the applicable regulatory framework and advised the client on the requirements relevant to these activities, supporting the proper structuring and completion of the transaction.