Bulgaria: Schoenherr advises on sale of majority stake in EuShipments.com AD to Austrian Post

After a successful year-long partnership, BlackPeak Capital is exiting its investment in euShipments.com while the founders of the company – Svetlozar Dimitrov and Lora Dimitrova – will retain a minority stake and continue to be invested in the growth strategy of the EuShipments group in collaboration with Austrian Post. 

Schoenherr acted as counsel to the shareholders of EuShipments.com across four jurisdictions, with the firm's Bulgarian team leading on the transaction with the support of teams in Romania, Croatia and Slovakia, where EuShipments is present via its majority-owned subsidiaries.

Acting across multiple workstreams, the Schoenherr team supported every stage of the transaction, including the due diligence and bidding process, the structuring and negotiation of the sale and future governance arrangements within the company, the preparation of all transaction documents, as well as the structuring of several transactions at the level of local subsidiaries, including roll-over of investments.

euShipments.com is a leading provider of integrated logistics and fulfilment services for e-commerce, serving more than 1,300 online retailers across Europe. The company offers a complete "one-stop-shop" solution, including warehousing, fulfilment, domestic and international deliveries to all 27 EU Member States, cash-on-delivery services and returns management – all accessible through a single contract and one technical integration

BlackPeak Capital is a leading private equity firm focused on growth equity in Central and Southeast Europe. 

Austrian Post is the leading postal, logistics and courier operator in Austria and represents a key element of the country's communication and e-commerce infrastructure. The company operates within three main divisions – Mail, Parcel and Logistics, as well as Retail and Banking Services – providing a broad portfolio of solutions, including letter and parcel delivery, fulfilment, value-added logistics services and financial services.

The Schoenherr team advising on the transaction was led by Ilko Stoyanov (partner) and included Stela Pavlova-Kaneva (attorney at law) and Ema Stoyanova (associate).