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DGKV and Kambourov & Partners Advise on Sale of Bulsatcom to Viva Corporate Bulgaria

DGKV and Kambourov & Partners Advise on Sale of Bulsatcom to Viva Corporate Bulgaria

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Djingov Gouginski Kyutchukov & Velichkov has advised the administrators and senior secured lenders of Bulsatcom UH Holdco Limited on the sale of Bulsatcom to Viva Corporate Bulgaria. Kambourov & Partners and, reportedly, Squire Patton Boggs advised Viva Corporate Bulgaria.

The senior lenders of the Bulsatcom Group included the EBRD, the Bulgarian Development Bank, and funds managed by Blantyre Capital, BlackRock, and Integral Venture Capital, with Alvarez & Marsal Europe as the administrators of Bulsatcom UH Holdco Limited, DGKV informed.

Viva Corporate Bulgaria is a Sofia-based investment company.

According to DGKV, Bulsatcom EOOD is the "largest TV satellite distributor in Bulgaria. The sale marked the successful completion of the restructuring of the Bulsatcom Group made by its senior secured lenders, who took control of the group in August 2019."

In 2019, DGKV advised the consortium of lenders on the appropriation of Bulsatcom and the introduction of financial restructuring proceedings (as reported by CEE Legal Matters on November 15, 2019).

DGKV’s team included Partner Georgi Tzvetkov and Counsel Gergana Monovska.

Kambourov & Partners' team included Managing Partner Vladimir Rangeloff and Partners Angel Rizov and Ivo Alexandrov.

Bulgaria Knowledge Partner

Schoenherr is a leading full-service law firm providing local and international companies stellar advice that is straight to the point. With 15 offices and 4 country desks Schoenherr has a firm footprint in Central and Eastern Europe. Our lawyers are recognised leaders in their specialised areas and have a track record of getting deals done with a can-do, solution-oriented approach. Quality, flexibility, innovation and practical problem-solving in complex commercial mandates are at the core of our philosophy.

Firm's website: www.schoenherr.eu

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