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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.

Boyanov & Co. at a Glance

BOYANOV & Co. is renowned for its exceptional services and extensive experience in a wide array of industries. As a co-founder and initiator of the SEE Legal Group, the firm has significantly influenced the legal landscape in the region.
Established in 1990, BOYANOV & Co. has been instrumental in advising on numerous landmark transactions in Bulgaria, earning an unrivalled reputation both locally and internationally as the go-to law firm for multinational businesses.
The firm's market leadership is underpinned by the superior quality of its services, which are informed by years of experience in international transactions, a deep understanding of local, European, and international law, and the exceptional expertise of its professionals. The diverse industry experience provides the firm with unique insights and a comprehensive understanding of its clients' businesses and their respective markets, enabling it to transfer successful solutions across borders.
BOYANOV & Co. offers a broad spectrum of integrated services, with notable expertise in Mergers and Acquisitions (M&A), Restructuring, Banking & Finance, Energy & Natural Resources, Technology, Media, and Telecommunications (TMT), Intellectual Property, Competition, Real Estate and Infrastructure, Employment, and Dispute Resolution.

Firm website.

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