Wolf Theiss advises Virtusa on the acquisition of Bright Consulting JSC

Sofia, 20 February 2024 – Wolf Theiss acted as legal advisor to Virtusa, a global IT services company, in connection with its acquisition of Bright Consulting JSC, a Bulgarian IT firm specialising in digital innovation, automation, and seamless integration.  

This acquisition marks a significant step for Virtusa in deepening its capabilities, particularly with regard to ServiceNow and Splunk, and strengthening its foothold in the European market.

The comprehensive legal support for this transaction was provided by Wolf Theiss’ Sofia and Warsaw offices acting as local legal counsel of Ropes & Gray which were the lead counsel of the transaction. Wolf Theiss’ mandate encompassed legal due diligence, advice on local transaction specifics, structuring of the employee option plan and legal assistance for the closing.

The Wolf Theiss team advising Virtusa was led by Partner Richard Clegg (Corporate/M&A) and Senior Associate Staniella Todorova (Corporate/M&A), and further included Senior Associate Alexander Radichkov (Employment), Senior Associate Maria Nikolova (Corporate/M&A), Senior Associate Zhulieta Markova (IP & TMT), Associate Bogdana Tzankova (Employment, IP & TMT), and Associate Miroslav Yonov (Corporate/M&A). The involvement of Wolf Theiss’ Warsaw office, with Partner Anna Dabrowska and Partner Maciej Szewczyk (both Corporate/M&A) focusing on the corporate legal diligence of the Polish subsidiary, added a multi-jurisdictional dimension to the transaction.