Penkov, Markov and Partners instrumental in Milestone Textile Recycling Industry and Second Hand Clothes Deal

We at Penkov, Markov and Partners – Attorneys-at-law are thrilled to share our pivotal role in the expansion of the used textile and second-hand clothing industry through our advisory services to Sevdalin Spasov and M Holding AD/Green Line Group in Bulgaria, Greece, and the USA.


Our expert team, consisting of Managing Partner Nikolay Cvetanov, Partner Ivan Markov, Associated Partner Boris Lazarov, and Senior Associate Vencislav Semkov, provided comprehensive support in structuring the deal in each country where the company operates, negotiating transaction documents and completion.


This strategic guidance culminated in a significant investment of EUR 7 million from Silverline Capital fund and various individual and corporate investors. This funding, coupled with our professional insight, is set to catalyze the global growth of M Holding AD/Green Line Group.


We're proud to contribute to this dynamic sector and look forward to witnessing the continued success and expansion of our client's business worldwide.