New Europe Corporate Advisory/EPIC Bulgaria
New Europe Corporate Advisory/EPIC Bulgaria is a company.
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Leadership Team
Key people at New Europe Corporate Advisory/EPIC Bulgaria.
New Europe Corporate Advisory/EPIC Bulgaria is a company.
Key people at New Europe Corporate Advisory/EPIC Bulgaria.
Key people at New Europe Corporate Advisory/EPIC Bulgaria.
New Europe Corporate Advisory (NECA), also known as EPIC Bulgaria prior to its rebranding, is a Sofia-based corporate finance and consulting boutique specializing in M&A advisory, capital-raising, project development, restructuring, privatization, and balance-sheet optimization in Southeast Europe.[1][2][5][7] Its mission centers on advancing the region's market economy transition by connecting capable entrepreneurs with capital and strategic partners, while setting a global standard for informed financial and strategic advice amid local operational challenges.[1][2] NECA focuses on key sectors including energy, TMT (telecom, media, technology), water/environment, mining/resources, transportation, infrastructure, financial institutions, and FMCG/retail, leveraging a multinational team and networks like Vienna-based EPIC investment house.[1][2]
NECA impacts the regional startup and industrial ecosystem by facilitating high-stakes transactions, such as the 2023 sale of 80MW Bulgarian wind farms to Finnish investor Taaleri Energia and the 2020 restructuring of Bulsatcom's €85 million debt, thereby enabling growth in renewables, media, and other infrastructure-heavy sectors.[2]
NECA traces its roots to EPIC Bulgaria, which rebranded to New Europe Corporate Advisory, maintaining a focus on corporate finance, privatization advisory, and asset management in Bulgaria and Southeast Europe.[7] Founding partner Ken Lefkowitz, a US-trained economist, relocated to Sofia in 1995 to engage directly in the post-communist transition to a market economy, a mission that defines NECA's core purpose today.[2][3] Lefkowitz previously worked at EPIC, a Vienna-based firm targeting new markets in Central and Eastern Europe, bringing expertise in financial consulting.[1][3][7] The firm's evolution has emphasized high-impact projects that reshape the industrial landscape, evolving from EPIC's broader network into a specialized boutique navigating regional hurdles with global compliance standards.[1][2][6]
NECA rides the wave of Southeast Europe's economic convergence with Western markets, capitalizing on privatization, renewable energy booms, and infrastructure modernization amid EU integration and green transitions.[1][2] Timing aligns with post-1990s market reforms, where foreign investment surges in energy (e.g., wind projects) and TMT, fueled by regional growth and global funds seeking emerging opportunities.[2] Market forces like EU funding, energy diversification from Russia, and digital infrastructure needs favor NECA's model, positioning it to bridge local entrepreneurs with international capital.[1][2] By enabling deals that industrialize the region, NECA influences the ecosystem, fostering a startup-friendly environment through capital access and strategic guidance in underserved markets.[2][6]
NECA is poised to expand its deal flow in renewables and infrastructure as Southeast Europe accelerates green deals and digital upgrades, potentially deepening EPIC network ties for larger cross-border M&A.[1][2] Trends like EU Green Deal funding and tech-enabled project finance will shape its trajectory, amplifying influence in high-growth sectors. Its founder-led focus on economic transition ensures enduring relevance, evolving from privatization pioneer to key enabler of the next industrial wave—tying back to its 1995 origins in market transformation.[2]
