Kambourov & Partners advised pan-European private equity firm Silverfleet Capital on its investment in the merger of the Bulgarian software company Bulpros and the German CRM leader ec4u. Following an ongoing collaboration since 2018, the two companies concluded a merger agreement aimed at creating a leading digital cloud experience provider in Europe, with more than 1,400 employees across 25 offices in 11 countries. The combined platform is backed up by Silverfleet Capital through an investment in a majority stake, which continues the firm’s extensive experience with tech-enabled businesses.

Kambourov & Partners acted as the Bulgarian counsel of Silverfleet Capital and provided legal advice and assistance on all aspects of the investment.


About Silverfleet

Founded in 1985, Silverfleet Capital is a leading European mid-market private equity firm with global reach. It has invested €3.7bn in 128 companies across Northern Europe since 1990.

About Bulpros

Founded in 2010, BULPROS is a digital transformation company whose offerings include enablement of digital solutions, cybersecurity solutions, cloud migration and managed services, as well as technology services. BULPROS operates on a global scale with over 1,000 employees across 20 offices located in Europe and North America.

About ec4u

Founded in 2000, ec4u is specialised in CRM and other consulting services, aimed at the digital transformation of processes in marketing, sales, service and e-commerce. Ec4u has completed more than 800 transformation projects, primarily in Germany, Austria, and Switzerland. The company employs more than 400 experts across its European sites.