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