The transaction is expected to close in the second quarter of 2020, subject to conditions including receipt of applicable antitrust approvals. Vivacom was put up for sale in July following a lengthy ownership battle. This acquisition marks the second transaction since New York and London headquartered investment firm BC Partners’ March 2019 acquisition of United Group, in what was one of the largest ever transactions for the region. United Group has sealed a 1.2 billion euros deal ($1.3 billion) to acquire Vivacom, which was put up for sale this year, two sources familiar with the transaction said. Its market-leading position has been driven by strong understanding of customers’ needs and bringing technological innovations to provide advanced, high-quality services including fibre broadband, mobile communications and digital TV to private and commercial customers. With Vivacom, we are pleased to acquire a dynamic telecom operator in a vibrant economy and a growing market that enables us to expand our geographic reach across Europe.”, Spas Roussev, Chairman of the Supervisory Board of Vivacom said “This transaction is a great success and a great opportunity for Vivacom, its clients, and more generally for Bulgaria. Empreno Has Urged United Group and BC Partners of the Risks Pursuing Acquisition of Vivacom Pending Final Judicial Determination of Ownership Dispute October 25, … “For VIVACOM, joining the UNITED GROUP family is a huge opportunity to accelerate the excellent results achieved so far in the Bulgarian market. The acquisition will accelerate United Group’s growth, expand its geographic reach and cement its position as the industry leader in the region. Founded by Mr Šolak and family in 2000, the company grew organically and through acquisitions into one of the biggest companies in the region with over EUR 600 million in revenues, employing 4,000 people across 6 … United Cloud Wins CSI Award for Best Mobile TV Technology or Service, BC Partners completes acquisition of United Group, United Group welcomes Vivacom – the largest telecom operator in Bulgaria. UNITED GROUP, the leading telecommunications and media operator in Southeast Europe, majority owned by BC Partners, today announces the completion of its acquisition of VIVACOM. United Group announces first GIGA Cities on its GIGA Network, United Group Welcomes Tele2 Mobile Operator in Croatia, United Group renames Tele2 Croatia to Telemach Hrvatska with investment of EUR 230 mln. © 2015 - 2020 United Group B.V. All rights reserved. United Group has been cleared by the European Commission to acquire Bulgarian operator Vivacom. On November 7, 2019, United Group announced the Vivacom Acquisition. With a clear vision and strategy for the future, United Group has acquired another market leader in the region.”. In March 2019, it became majority-owned by BC Partners, a leading global investment firm, which has completed 116 acquisitions with a total enterprise value of €145 billion and … United Group completes Vivacom acquisition July 31, 2020 United Group, a telco and media operator in Southeast Europe, majority owned by BC Partners, has announced the completion of its acquisition of Vivacom. Vivacom will play a big role in the future development of United Group, their leading regional telecom and media platform.”. United Group closes deal to acquire Bulgarian telecom Vivacom Written by The Sofia Globe staff on July 31, 2020 in Business - Comments Off Dutch-registered telecoms and media company United Group said on July 31 that it has closed the deal to buy Vivacom, one of … Amsterdam and London, 7 November 2019: United Group, the leading telecoms and media business operating in South Eastern Europe, has agreed to acquire Vivacom, the largest telecoms operator in Bulgaria. United Group, the leading telecoms and media business operating in South Eastern Europe, has agreed to acquire Vivacom, the largest telecoms operator in Bulgaria. Bulgaria is an attractive market and this acquisition will enable us to diversify the Group further. United Group gets thumbs up for Vivacom buy 07 APR 2020 The European Commission (EC) gave the green light to an acquisition of Vivacom, the second-largest operator in Bulgaria by subscribers, by Netherlands-based United Group, after concluding the deal would not raise competition concerns. The acquisition marks the second … Bulgaria is an attractive market and this acquisition will enable us to diversify the Group further,” United Group … The Vivacom Acquisition provides United Group with an attractive investment opportunity that strengthens United Group’s scale and leadership across South Eastern Europe, and provides it with material upside potential. Vivacom was put up for sale earlier this year, and United Group has negotiated the acquisition of the telecommunications company, whose assets are valued at around € 1.2 billion. Schoenherr is reporting that the United Group's EUR 1.2 billion acquisition of Vivacom (Bulgarian Telecommunications Company EAD), the largest telecom operator in Bulgaria — the deal that was signed in November 2019 and won CEE Legal Matters' 2019 Deal of the Year for Bulgaria — has closed. We have built a strong brand, synonymous with quality and innovation, and a modern company with over 5,000 loyal employees across the country. It now welcomes as new shareholders one of the most successful global investors with significant presence in Europe and North-America, BC Partners. United Group, the leading telecommunications and media operator in Southeast Europe, majority owned by BC Partners, completed its acquisition of Vivacom. United Group, the private equity-backed cable company, is holding exclusive talks to purchase Vivacom, Bulgaria’s largest telecoms group. United Group, the leading telecommunications and media operator in Southeast Europe, majority owned by BC Partners, completed its acquisition of Vivacom. United Group welcomes Vivacom – the largest telecom operator in Bulgaria Vivacom Bulgaria, another successful telecommunications company, has officially become part of the United Group family. United Group, the leading telecommunications and media operator in Southeast Europe, majority owned by BC Partners, completed its acquisition of Vivacom. 30.03.2020 Second large-scale acquisition within nine months of BC Partners’ ownership Consolidates United Group’s position as the leading telecoms and media operator in South Eastern Europe. The … United Group, the pay TV and cable service provider that operates across countries of the former Yugoslavia, has agreed to acquire Bulgarian telecom operator Vivacom for a reported €1.2 billion. The acquisition will be financed through a combination of new debt and cash on hand at United Group. In a statement, it says that this follows the approval of the deal by … Vivacom provides services to over 1.8 million unique customers. United Group, leading multi-play telecoms and media provider in South East Europe, provides customers with a full range of telecommunications services. Citigroup, JP Morgan and LionTree acted as financial advisors to United Group and Paul Weiss acted as legal advisor. Victoriya Boklag, CEO of United Group, said, “Vivacom is a well-run company with strong management and I am excited at the opportunities we have to build an even stronger business. UNITED GROUP is the leading multi-play telecoms and media provider in South East Europe. United Group, the private-equity backed cable company, has struck a €1.2bn deal to acquire Bulgaria’s former state owned telecoms operator Vivacom. Netherlands-based United Group appeared to have won the race to acquire Bulgarian operator Vivacom, which was put up for sale in July following a lengthy ownership battle.. Financial Times (FT) reported United Group could finalise a takeover within a fortnight, though Bulgarian weekly Capital stated it was already a done deal.FT stated Vivacom was expected to be valued at around €1.2 … “For Vivacom, joining the United Group family is a huge opportunity to accelerate the excellent results achieved so far in the Bulgarian market. United Group’s companies have established a reputation for providing the highest quality content and services in their respective markets. © 2015 - 2020 United Group B.V. All rights reserved. Lazard acted as financial advisor to the seller and CMS acted as legal advisor. This acquisition marks the second transaction since New York and London headquartered investment firm BC Partners’ March 2019 acquisition of United Group, in what was one … United Group has sealed a 1.2 billion euros deal ($1.3 billion) to acquire Vivacom, which was put up for sale this year, two sources familiar with the transaction said. Empreno Has Urged United Group and BC Partners of the Risks Pursuing Acquisition of Vivacom Pending Final Judicial Determination of Ownership Dispute Business Wire LONDON -- … Read More. Vivacom (Bulgarian: Виваком) is the brand name of "Bulgarian Telecommunications Company EAD" ("BTC"), the largest telecommunications company in Bulgaria and a former state-owned incumbent operator.The company is headquartered in Sofia, Bulgaria and employs around 5,100 people, owning a mature distribution network with around 230 branded retail outlets and alternative sale points. The company was the first telecommunications company in Bulgaria and today provides advanced services including fibre broadband, mobile communications and digital TV to private and commercial customers. Vivacom Bulgaria, another successful telecommunications company, has officially become part of the United Group family. This acquisition marks the latest milestone in United Group’s growth strategy, following the acquisition of TELE2 Croatia earlier this year, as well as forthcoming completion of the acquisition of the Greece’s pay TV, telecom and Internet provider Forthnet. To support its growth, United Group has partnered with a number of leading global investors. “Vivacom is a well-run company with strong management and I am excited at the opportunities we have to build an even stronger business. United Group has sealed a 1.2 billion euros deal ($1.3 billion) to acquire Vivacom, which was put up for sale this year, two sources familiar with the transaction said. United Group, the leading telecommunications and media operator in Southeast Europe, announced on July 31 that it had completed its acquisition of Vivacom. Thanks to great efforts of all, Vivacom has become one of the most successful European telecom companies. Vivacom has been the largest domestic operator in Bulgaria in terms of revenues for the last seven years. BC Partners-Owned United Group Acquires Vivacom. VIVACOM and United Group donate BGN 900,000 to the Ministry of Health to fight COVID-19 The sum, donated by VIVACOM and United group, covers almost 1/5 of the needed fund, which will be used for the most emergent needs of the hospitals in terms of the spreading COVID-19 infection. 18.09.2018United Cloud Wins CSI Award for Best Mobile TV Technology or Service, 04.03.2019BC Partners completes acquisition of United Group, 31.07.2020United Group welcomes Vivacom – the largest telecom operator in Bulgaria. Vivacom was the first telecommunications company in Bulgaria and has been the largest domestic operator in terms of revenues for the last seven years. Vivacom was put on sale earlier this year and United Group was in exclusive talks to buy the telecoms company, whose enterprise value market … Vivacom Bulgaria, another successful telecommunications company, has officially become part of the United Group family. United Group has completed the acquisition of the Bulgarian incumbent telco Vivacom. Victoriya Boklag, United Group CEO, said: “Vivacom established its number one position in Bulgaria with excellent management, impressive financial results, technological advancements, and remarkable team collaboration. South-eastern European broadband and pay TV provider United Group has completed the acquisition of Bulgaria’s Vivacom, following approval of the merger by the EC in April. It is the right time to take the next step and we look forward to working and sharing our collective experience with United Group to take our services in Bulgaria to the next level”, commented Atanas Dobrev, CEO of Vivacom. This follows the approval of the deal by the European Commission in April 2020 and the signing of the agreement in November 2019, when United Group won the tender to acquire the leading telecommunications company in Bulgaria. The acquisition broadens United Group’s operations in the region to seven countries. 05.10.2018United Group announces first GIGA Cities on its GIGA Network, 05.03.2020United Group Welcomes Tele2 Mobile Operator in Croatia, 03.11.2020United Group renames Tele2 Croatia to Telemach Hrvatska with investment of EUR 230 mln. Financial Times reported in September United Group was one of two companies in the running to acquire the business, in deals which would value it … United Group welcomes Vivacom – the largest telecom operator in Bulgaria. When United Group announced its acquisition of Vivacom, the largest Bulgarian telecom, United Group was added to the list of defendants in a lawsuit by Empreno Ventures, which disputes the ownership of Vivacom and the sale of the company . United Group already operates in six countries in the region. United Group, the leading telecoms and media business operating in South Eastern Europe, has agreed to acquire Vivacom, the largest telecoms operator in Bulgaria. BC-backed United Group, Serbia’s largest cable company, is keen to consolidate the Balkan telecoms market and this year completed a takeover of Tele2 in Croatia for €220m. 27 September 2018. BC Partners-owned United Group has agreed to buy the Bulgarian incumbent Vivacom for a reported €1.2 billion. United Group has a great track record in acquiring and successfully integrating businesses, with more than 100 acquisitions since our inception.”, Nikos Stathopoulos, Partner at BC Partners commented, “When we invested in United Group, we identified its business model, technology and regional leadership as key drivers for organic growth, accelerated by acquiring and integrating local companies. With the commission satisfied that the deal will not create issues around competition in the market, United Group will become the sole controller of Vivacom’s parent firm, Viva Telecom Bulgaria. Operating in both the telecoms and media sectors, the United Group platform combines the leading operators and best content producers in Southeast Europe and will finish the year with over 10 million users and over 11 thousand employees. 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