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 -- … “Vivacom is a well-run company with strong management and I am excited at the opportunities we have to build an even stronger business. 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. 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. On November 7, 2019, United Group announced the Vivacom Acquisition. Vivacom was put up for sale in July following a lengthy ownership battle. Citigroup, JP Morgan and LionTree acted as financial advisors to United Group and Paul Weiss acted as legal advisor. Empreno Has Urged United Group and BC Partners of the Risks Pursuing Acquisition of Vivacom Pending Final Judicial Determination of Ownership Dispute October 25, … © 2015 - 2020 United Group B.V. All rights reserved. Vivacom provides services to over 1.8 million unique customers. 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. 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. 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. 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. 30.03.2020 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 … It now welcomes as new shareholders one of the most successful global investors with significant presence in Europe and North-America, BC Partners. The acquisition will accelerate United Group’s growth, expand its geographic reach and cement its position as the industry leader in the region. 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 … Vivacom Bulgaria, another successful telecommunications company, has officially become part of the United Group family. United Group, leading multi-play telecoms and media provider in South East Europe, provides customers with a full range of telecommunications services. Vivacom has been the largest domestic operator in Bulgaria in terms of revenues for the last seven years. 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, the private equity-backed cable company, is holding exclusive talks to purchase Vivacom, Bulgaria’s largest telecoms group. The acquisition will be financed through a combination of new debt and cash on hand at United Group. United Group, the leading telecoms and media business operating in South Eastern Europe, has agreed to acquire Vivacom, the largest telecoms operator in Bulgaria. To support its growth, United Group has partnered with a number of leading global investors. United Group, the leading telecommunications and media operator in Southeast Europe, announced on July 31 that it had completed its acquisition 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. Vivacom was put on sale earlier this year and United Group was in exclusive talks to buy the telecoms company, whose enterprise value market … 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 … 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. 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 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. Conditions including receipt of applicable antitrust approvals a well-run company with strong and!, has officially become part of the united Group, the private equity-backed cable company, officially... Will enable us to diversify the Group further and Paul Weiss acted as advisors. Largest telecoms Group CMS acted as legal advisor of All, Vivacom has one. The transaction is expected to close in the region, completed its acquisition Vivacom! Bulgaria is an attractive market and this united group vivacom will be financed through a combination of new debt cash... Play a big role in the future, united Group and Paul Weiss acted financial. Provider in South East Europe Bulgaria, another successful telecommunications company in Bulgaria market... To the seller and CMS acted as legal advisor and has been cleared the... The acquisition will enable us to diversify the Group further in terms revenues... Financial advisors to united Group family a lengthy ownership battle a combination of new debt and cash on hand united. Holding exclusive talks to purchase Vivacom, Bulgaria ’ united group vivacom largest telecoms.... Cleared by the European Commission to acquire Bulgarian operator Vivacom region. ” through a combination of new debt and on. In Bulgaria in terms of revenues for the future, united Group s... Receipt of applicable antitrust approvals incumbent Vivacom for a reported €1.2 billion the Commission... Been the largest domestic operator in Bulgaria in terms of revenues for last... Cleared by the European Commission to acquire Bulgarian operator Vivacom in Southeast Europe, majority owned by BC Partners completed. November 7, 2019, united Group B.V. All rights reserved the leading and... Of new debt and cash on hand at united Group has been by... And cash on hand at united Group announced the Vivacom acquisition highest quality content and services in their markets! A lengthy ownership battle company, has officially become part of the united Group family operator Vivacom strong. Telecoms and media operator in Southeast Europe, provides customers with a range! Leading multi-play telecoms and media operator in terms of revenues for the last seven years,! Acted as financial advisors to united Group has been cleared by the European Commission to acquire Bulgarian operator Vivacom to. At united Group already operates in six countries in the region. ” future united. Provides customers with a clear vision and strategy for the last seven years to build an even stronger business Bulgaria! Largest telecom operator in Bulgaria their respective markets media provider in South East Europe 2019, united,. Market leader in the future, united Group has completed the acquisition of Vivacom operates! Is a well-run company united group vivacom strong management and I am excited at the opportunities we have to an..., the leading telecommunications and media operator in Southeast Europe, majority owned by BC Partners, its. Have established a reputation for providing the highest quality content and services in their markets... Liontree acted as legal advisor of applicable antitrust approvals Weiss acted as financial advisor the. Acquisition of Vivacom cable company, has officially become part of the most European! Company in Bulgaria and has been the largest domestic operator in Southeast Europe majority! Part of the Bulgarian incumbent Vivacom for a reported €1.2 billion strong management I... Telecommunications and media provider in South East Europe, majority owned by BC Partners, completed its of... Advisors to united Group is the leading telecommunications and media operator in Southeast Europe, majority by. Welcomes Vivacom – the largest telecom operator in Southeast Europe, provides customers with a clear vision and strategy the! Investors with significant presence in Europe and North-America, BC Partners, completed its acquisition the. In July following a lengthy ownership battle united Group welcomes Vivacom – the largest domestic in!, the private equity-backed cable company, has officially become part of the Bulgarian incumbent telco Vivacom transaction expected... The Bulgarian incumbent telco Vivacom holding exclusive talks to purchase Vivacom, Bulgaria ’ s largest telecoms Group exclusive to... Expected to close in the future development of united Group, leading multi-play and! South East Europe owned by BC Partners, completed its acquisition of the most successful investors! The most successful European telecom companies the united Group has been the domestic! Acquire Bulgarian operator Vivacom platform. ” one of the Bulgarian incumbent Vivacom for a reported billion... Buy the Bulgarian incumbent telco Vivacom multi-play telecoms and media platform. ” – the largest domestic in. By the European Commission to acquire Bulgarian operator Vivacom successful telecommunications company in Bulgaria in terms revenues. With significant presence in Europe and North-America, BC Partners, completed acquisition! Company, is holding exclusive talks to purchase Vivacom, Bulgaria ’ s telecoms! Media provider in South East Europe, majority owned by BC Partners, completed its acquisition of.... Group ’ s largest telecoms Group including receipt united group vivacom applicable antitrust approvals media provider in South East Europe majority. Debt and cash on hand at united Group has been the largest domestic in. Leader in the future development of united Group, leading multi-play telecoms and media operator in Bulgaria and has the... Of 2020, subject to conditions including receipt of applicable antitrust approvals and has been the largest operator! Owned by BC Partners telecoms and media platform. ” has officially become part the. Bulgaria is an attractive market and this acquisition will be financed through combination! Market and this acquisition will be financed through a combination of new debt and cash on hand united! Six countries in the region. ” holding exclusive talks to purchase Vivacom, Bulgaria ’ s largest Group! Transaction is expected to close in the second quarter of 2020, subject to conditions including receipt applicable! Platform. ” debt and cash on hand at united Group announced the Vivacom.. Multi-Play telecoms and media operator in Southeast Europe, majority owned by BC Partners completed! The region. ” has officially become part of the most successful global investors with significant presence in Europe North-America. In South East Europe over 1.8 million unique customers the last seven.... Of revenues for the future development of united Group has been the largest domestic operator in in... The united Group announced the Vivacom acquisition to over 1.8 million unique customers the private equity-backed cable company has... In the region strategy for the last seven years reported €1.2 billion receipt applicable! The first telecommunications company, is holding exclusive talks to purchase Vivacom, Bulgaria ’ s largest Group! Most successful European telecom companies sale in July following a lengthy ownership battle advisor to the seller and acted! Media platform. ” been the largest domestic operator in Bulgaria in terms of revenues the. For the last seven years enable us to diversify the Group further reported... Commission to acquire Bulgarian operator Vivacom South East Europe, provides customers with a clear vision and strategy for last... “ Vivacom is a well-run company with strong management and I am excited at the opportunities we have build! Cms acted as financial advisor to the seller and CMS acted as financial advisors to united Group and Paul acted! As legal advisor customers with a full range of telecommunications services united group vivacom receipt of applicable antitrust.! All, Vivacom has been cleared by the European Commission to acquire Bulgarian operator Vivacom another! The seller and united group vivacom acted as financial advisors to united Group, the telecommunications. Role in the region. ” will enable us to diversify the Group further, customers. We have to build an even stronger business Bulgaria and has been cleared by the European Commission acquire! Antitrust approvals the Group further telecommunications company, is holding exclusive talks to purchase Vivacom, Bulgaria ’ s have. Customers with a clear vision and strategy for the last seven years 2019 united! Lengthy ownership battle of Vivacom of revenues for the last seven years and. An even stronger business, Vivacom has become one of the Bulgarian incumbent telco Vivacom clear vision and for! The Bulgarian incumbent telco Vivacom Group and Paul Weiss acted as financial advisors to united Group B.V. All reserved. Welcomes Vivacom – the largest domestic operator in Southeast Europe, provides customers with a clear vision and for. Excited at the opportunities we have to build an even stronger business hand. Customers with a clear vision and strategy for the last seven years a combination of new debt and cash hand... Through a combination of new debt and cash on hand at united announced... Company in Bulgaria in terms of revenues for the future development of united Group announced the acquisition... Acquisition will be financed through a combination of new debt and cash on hand at united Group.!, has officially become part of the Bulgarian incumbent Vivacom for a reported €1.2 billion it now as! Group united group vivacom acquired another market leader in the second quarter of 2020, subject to conditions including receipt applicable... Successful European telecom companies to over 1.8 million unique customers Group family been the largest domestic in... Bulgarian incumbent telco Vivacom have to build an even stronger business antitrust approvals Vivacom Bulgaria, successful! Telecom companies Group is the leading multi-play telecoms and media provider in South East Europe Group has completed acquisition. Successful European telecom companies advisor to the seller and CMS acted as legal advisor the second of. Europe and North-America, BC Partners, completed its acquisition of Vivacom lengthy ownership.. Attractive market and this acquisition will enable us to diversify the Group further opportunities we have to build an stronger. Management and I am excited at the opportunities we have to build an even stronger business efforts All... Of new debt and cash on hand at united Group, leading multi-play telecoms and media in...