Ani Stancheva

Ani has consulted the whole process concerning the structuring of the funds and the fund managers, including but not limited to the application procedure before the Fund of Funds in Bulgaria under the Public Procurements Act, the establishment of the AIFMs and AIFs, registration of the AIFMs before the Financial Supervision Commission and provision of legal services regarding the whole investment activity of the funds since their incorporation. So far, Ani has advised both AIFs on the closing of 26 private equity investments in high-tech and innovative SMEs for the total amount of appr. EUR 13.5 million. The legal services regarding the structuring of the equity and quasi-equity investments executed by the AIFs include but are not limited to legal due diligence, regulatory checks, ensuring compliance with the legal framework in the field of state aid and de minimis aid, the criteria for SME and other eligibility requirements related to public financing, preparation of investment agreements and/or convertible loan agreements, negotiations with beneficiary companies, drawing up drawdown notices, capital increase documents, internal rules and policies of the funds, etc.