Wolf Theiss provided Bulgarian legal and tax due diligence and transaction advice to FactSet, and continues to provide post-completion implementation support. The Wolf Theiss team was led by Partner Richard Clegg, Senior Associates Jasmina Uzova and Atanas Mihaylov (Tax), and Associates Iva Georgieva and Nikoleta Ratcheva.
This is a notable transaction in relation to Bulgaria as Bulgarian-founded FinAnalytica, which was acquired by BISAM in 2016 was one of the first Bulgarian-based technology companies to receive institutional venture capital funding. Richard Clegg, Partner at Wolf Theiss says, "This new acquisition by FactSet will provide further encouragement to the technology sector and venture capital environment in Bulgaria".
B-One, BISAM’s award-winning cross-asset solution, is a leading software solution for performance measurement and compliments FactSet’s portfolio analytics suite and client reporting solutions. Simultaneously, its Cognity product provides risk analysis for derivatives and quantitative portfolio construction.