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Schoenherr Advises KKCG and Aricoma Group International on Acquisition of Musala Soft

Schoenherr Advises KKCG and Aricoma Group International on Acquisition of Musala Soft

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Schoenherr has advised the KKCG Group and its portfolio company Aricoma Group International on the acquisition of Bulgarian software company Musala Soft and its subsidiaries. CMS reportedly advised the sellers.

The transaction remains contingent on regulatory approval.

The KKCG Group, managed by Karel Komarek, is an investment company with a total book value of more than EUR 9 billion.

The Aricoma Group is a Central European IT services provider with a presence in Scandinavia. Through its portfolio companies, it provides end-to-end digital transformation solutions, including UX design and consulting, custom software development, IT infrastructure and IT operations management, cloud operations, and cloud security services.

Musala Soft is a provider of high-end software engineering services in AI, big data, IoT, analytics, cloud, and integration.

According to Schoenherr, “Musala Soft's management team will stay on board in the long term and will support building Aricoma’s future.”

Schoenherr’s team included Bulgaria-based Partners Ilko Stoyanov and Stefana Tsekova, Attorneys at Law Katerina Kaloyanova-Toshkova, Ivelina Vasileva, and Ventsislav Tomov, and Associate Gergana Roussinova-Ivanova as well as North Macedonia-based Partner Andrea Radonjanin, Attorney at Law Andrea Lazarevska, and Associates Magdalena Petreska, Martin Ivanov, and Sofijana Markovska.

CMS at a Glance

CMS Sofia is a full-service law firm, the largest international law firm in Bulgaria and one of the largest providers of legal services in the local market as a whole. The breadth and depth of our practice means that our lawyers are specialised, with a level of specialisation that few of our competitors can match.

CMS Sofia is the Bulgarian branch of CMS, a top ten global legal and tax services provider with over 5000 lawyers in 43 countries and 78 offices across the world.

CMS entered the Bulgarian market as one of the first internationally active law firms in 2005 and is now among the most respected legal advisors in the country. We have 7 partners, 4 counsel and over 30 lawyers in our office in Sofia.

Our legal experts, who are rooted in Bulgaria’s local culture, can also draw on years of experience in foreign countries and are at home in several legal systems at once. We know the particularities of the local market just as well as the needs of our clients and combine both to achieve optimum solutions. Our lawyers are Bulgarian qualified and we also have English qualified experts – all of them regularly working on cross-border mandates.

In our work, we focus on M&A, Energy, Projects and Construction, Banking and Finance, Real Estate, Media, IP and IT law, Tax, Employment law, Competition, Procurement and any kind of Dispute resolution, including arbitration and mediation. What’s more, we also take care of the entire legal management of our clients’ projects.

Firm's website.