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Dentons, Polenak, Boyanov & Co, and Clifford Chance Advise on Financing for KKCG Group’s Acquisition of Musala Soft

Dentons, Polenak, Boyanov & Co, and Clifford Chance Advise on Financing for KKCG Group’s Acquisition of Musala Soft

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Dentons has advised a syndicate of banks led by Ceska Sporitelna, and including Ceskoslovenska Obchodni Banka and Komercni Banka, on the financing of KKCG Group and Aricoma Group’s acquisition of Musala Soft. Polenak, Boyanov & Co, and, reportedly, Andric and TM & Partners advised the banks as well. Clifford Chance advised Aricoma Group on the deal.

The completion of the acquisition, which took place earlier this year, is still pending regulatory approval (as reported by CEE Legal Matters on August 22, 2022).

Aricoma Group is a Central European IT services provider. According to Dentons, with its acquisition of the Bulgaria-based Musala Soft, the Aricoma Group will include ten technology companies with a “consolidated annual turnover exceeding EUR 400 million, an EBITDA of EUR39 million, and over 4,000 professionals.”

Dentons’ team included Prague-based Partner Daniel Hurych and Associates Martin Fiala, Jan Koristka, and Miroslav Sykora, Bratislava-based Associate Richard Marcincin, Warsaw-based Partner Bartosz Nojek and Associates Marcin Gruszka and Dominika Krysiak-Bogdzio, with further team members in Dusseldorf.

Polenak's team included Partner Tatjana Shishkovska and Associate Andrej Stojkovikj.

Boyanov & Co's team was led by Partner Damian Simeonov.

Clifford Chance's team included Managing Partner Alex Cook, Partner Milos Felgr, Counsel Michal Jasek, Senior Associate Dominik Vojta, and Junior Lawyer Tomas Kubala.

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