Brilliant-Invest, founded as a management buyout in 1995, is one of the largest producers of apparel in Bulgaria. In July 1995, Bulgaria's Privatisation Agency sold 78% of the nation's largest sewing company Brilliant to Brilliant-Invest for USD 1.82 million in Bulgarian Brady bonds and government bad loan bonds.
Brilliant-Invest, which was formed by six members of the state company's management, was financed through a credit line by local First Investment Bank. The payment was divided at 10% in cash, 45% in Bulgarian Brady bonds and 45% in domestic bad loans bonds, known as ZUNKs. Brilliant-Invest pledged to invest some USD 2.07 million in the company within the next five years.
Headquarters
11 William Gladstone Str., fl. 1
Sofia; Sofia - city;
Postal Code: 1000
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