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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.

Dentons at a Glance

Dentons is the world's largest law firm, connecting talent to the world's challenges and opportunities in more than 75 countries. Dentons' legal and business solutions benefit from deep roots in our communities and award-winning advancements in client service, including Nextlaw, Dentons’ innovation and strategic advisory services. Dentons' polycentric and purpose-driven approach, commitment to inclusion and diversity, and world-class talent challenge the status quo to advance client and community interests in the New Dynamic.

Dentons is one of the leading law firms in CEE/CIS, with offices in Warsaw, Prague, Budapest, Moscow, Bucharest, Bratislava, Kyiv, Baku, Almaty, Astana, Tbilisi and Tashkent. With a legacy of supporting local and international clients in Central and Eastern Europe since the early 1990s, we have the experience and market insight to help clients close deals, resolve disputes and do business in the key markets across the region.

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