Wolf Theiss

WOLF THEISS SUCCESSFULLY ADVISED THE FOUNDERS OF FADATA AD ON THE SALE OF MAJORITY STAKE TO RIVERSIDE AND CHARLES TAYLOR

Vienna, 12 January 2016 – Wolf Theiss successfully advised the entrepreneurs and founders of the Bulgarian company Fadata AD on the sale of a majority stake in the company to global private equity firm Riverside Co and insurance services business Charles Taylor PLC which completed at the end of December.

Fadata provides an internationally market-leading solution to a global insurance industry seeking to modernize its systems. Founded and headquartered in Sofia, Bulgaria, Fadata is one of the country's leading IT firms and its flagship product, Insurance Integrated System (INSIS), is a flexible modular solution that ensures complex automation of insurance businesses. INSIS fully supports insurance products and lines of business. Wolf Theiss is extremely proud to have had the opportunity to support and advise the founders of Fadata in realising this important sale and securing their continued shareholding and participation as the company grows internationally. The Wolf Theiss team comprised English and Bulgarian lawyers Richard Clegg, Katerina Novakova and Nikoleta Nikolova. In 2015, Wolf Theiss successfully closed over 20 Bulgarian related M&A transactions.

For further information please contact

Barbara Fürchtegott
Barbara
Fürchtegott
Public Relations & Communications Manager
T. +43 1 51510 3808
Schubertring 6
1010 Vienna
Austria

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