Elitsa Dimitrova

Partner

[email protected]

Phone: (312) 360-6839

Fax: (312) 360-6520

The law is the face of a society and the legal profession cannot afford to lag behind the changing world of technology and innovative approached to doing business.  Having spent considerable time of my practice in the vibrant entrepreneurial culture of the University of Illinois, I understand the need of the legal profession to provide leading-edge advice in both national and international context.  Being an effective counselor through competence, efficiency, teamwork, mindfulness and caring here at Freeborn is my main focus.

About

About

Elitsa Dimitrova is a Partner in the Corporate Practice Group. Her practice is focused on private equity and venture capital, mergers and acquisitions, private placements and securities, and employee benefits and executive compensation. Elitsa frequently advises lead investors in seed, convertible note and alternative investments in the fintech, biotech, software, transportation and cannabis spaces.  As part of the M&A Team for First-Time Sellers®, Elitsa regularly counsels privately held, middle-market companies in exit transactions.  She also regularly represents clients in their buy-side M&A transactions. Elitsa also consults clients as it relates to general corporate governance matters.    

Elitsa is also involved in general business pro bono counseling of not-for-profit businesses providing services to women and girls and providing legal services to asylum seekers. 

Elitsa received her J.D. (magna cum laude and Dean’s List) from University of Illinois College of Law, her M.B.A. (Finance) from Illinois State University, and her LL.B. LL.M.  from University of Sofia.

Representative Matters

Representative Matters

  • Represented an innovative energy generation company in its asset sale to a strategic buyer in exchange for cash and ownership in the purchasing entity.

  • Represented an innovative marketing solutions company in its assets sale and debt cancellation.

  • Assisted in the sale of a family-owned manufacturer of food ingredients to a specialty chemical company with a food and beverage division that is listed on NASDAQ.

  • Assisted in the sale of a decision-making software platform business owned by founders and dozens of investors, to a global private equity firm.

  • Assisted in the representation of a buyer in its acquisition of a digital video compression and processing solutions company. 

  • Assisted in the representation of a retailer in its asset sale. 

  • Represented an innovative agricultural software company in Series Seed, Series A and Series B equity sales and related securities filings, including with respect to international investors.

  • Represented a cannabis fund in numerous equity and debt private placement transactions.

  • Represented a venture fund as the lead investor in its Series A Preferred $12,000,000 purchase, including two rounds of convertible notes.

  • Represented a communications software company in a $10,000,000 Series B Preferred equity sale.

  • Represented an innovative construction software company in its Series Seed equity sale in the amount of $2,500,000, including convertible promissory notes.

  • Represented an innovative security software company in a strategic Series Seed investment.

  • Assisted in the representation and formation of a venture capital fund with up to $100,000,000 in limited partnership interests and related securities filings.

  • Assisted in the representation and formation of a venture capital fund dedicated to investing in technology companies with up to $50,000,000 in limited partnership interests and related securities filings.

  • Assisted in the representation and formation of a venture capital fund with up to $30,000,000 in limited partnership interests and related securities filings.

Perspectives

Media

Media

Publications