© 2015 - 2021 United Group B.V. All rights reserved. The WTA, a satellite communications trade association, said VIVACOM is no. In March 2019, it became majority-owned by BC Partners, a leading global investment firm, which has completed 116 acquisitions with a total enterprise value of €145 billion and … The acquisition will be financed through a combination of new debt and cash on hand at United Group. A potential deal comes at the end of a year in which United Group also acquired Bulgaria’s leading telco Vivacom for a reported €1.2 billion. This acquisition marks the second transaction since New York and London headquartered investment firm BC Partners’ March 2019 acquisition of United Group, in what was one … With the acquisition, United Group brings the total number of Southeast Europe countries where it … United Group has a great track record in acquiring and successfully integrating businesses, with more than 100 acquisitions since our inception.”, Nikos Stathopoulos, Partner at BC Partners commented, “When we invested in United Group, we identified its business model, technology and regional leadership as key drivers for organic growth, accelerated by acquiring and integrating local companies. On 7 November 2019, it was announced that United Group, the leading telecoms, and media business operating in South-Eastern Europe, has agreed to acquire Viva Telecom Bulgaria. Интерес към групата има United Group, компанията, която през лятото придоби Vivacom. Lazard acted as financial advisor to the seller and CMS acted as legal advisor. Schoenherr is reporting that the United Group's EUR 1.2 billion acquisition of Vivacom (Bulgarian Telecommunications Company EAD), the largest telecom operator in Bulgaria — the deal that was signed in November 2019 and won CEE Legal Matters' 2019 Deal of the Year for Bulgaria — has closed. This acquisition marks the latest milestone in United Group’s growth strategy, following the acquisition of TELE2 Croatia earlier this year, as well as forthcoming completion of the acquisition of the Greece’s pay TV, telecom and Internet provider Forthnet. 30.03.2020 Sofia VIVACOM and United Group donate BGN 900,000 to the Ministry of Health to help preventing the spread of COVID-19 in Bulgaria. With the commission satisfied that the deal will not create issues around competition in the market, United Group will become the sole controller of Vivacom’s parent firm, Viva Telecom Bulgaria. United Group is the leading telecoms and media business operator in South Eastern Europe. This follows the approval of the deal by the European Commission in April 2020 and the signing of the agreement in November 2019, when The transaction is expected to close in the second quarter of 2020, subject to conditions including receipt of applicable antitrust approvals. BC-backed United Group, Serbia’s largest cable company, is keen to consolidate the Balkan telecoms market and this year completed a takeover of Tele2 in Croatia for €220m. Netherlands-based United Group appeared to have won the race to acquire Bulgarian operator Vivacom, which was put up for sale in July following a lengthy ownership battle.. Financial Times (FT) reported United Group could finalise a takeover within a fortnight, though Bulgarian weekly Capital stated it was already a done deal.FT stated Vivacom was expected to be valued at around €1.2 … Thanks to great efforts of all, Vivacom has become one of the most successful European telecom companies. 05.10.2018United Group announces first GIGA Cities on its GIGA Network, 11.12.2020Advance Media Group in talks with United Group on possible sale of Nova, 29.11.2019EON TV now available worldwide to Net TV Plus subscribers. The acquisition follows United Group’s purchase of Tele 2 Croatia earlier this year, and comes ahead of its planned acquisition of Greece’s pay TV, telecom and Internet provider Forthnet. United Group has completed the acquisition of the Bulgarian incumbent telco Vivacom. 30.03.2020 The company was the first telecommunications company in Bulgaria and today provides advanced services including fibre broadband, mobile communications and digital TV to private and commercial customers. It now welcomes as new shareholders one of the most successful global investors with significant presence in Europe and North-America, BC Partners. 5 on its ‘Fast 10’ list for 2020. Vivacom will play a big role in the future development of United Group, their leading regional telecom and media platform.”. “For VIVACOM, joining the UNITED GROUP family is a huge opportunity to accelerate the excellent results achieved so far in the Bulgarian market. VIVACOM and United Group donate BGN 900,000 to the Ministry of Health tofight COVID-19. United Group, the pay TV and cable service provider that operates across countries of the former Yugoslavia, has agreed to acquire Bulgarian telecom operator Vivacom for a reported €1.2 billion. We have built a strong brand, synonymous with quality and innovation, and a modern company with over 5,000 loyal employees across the country. The WTA, a satellite communications trade association, said VIVACOM is no. United Group, owner of Vivacom, is a leading telecommunications and media operator in Southeastern Europe, based in Amsterdam. On November 7, 2019, United Group announced the Vivacom Acquisition. United Group has been cleared by the European Commission to acquire Bulgarian operator Vivacom. In a statement, it says that this follows the approval of the deal by … United Group, the leading telecommunications and media operator in Southeast Europe, majority owned by BC Partners, completed its acquisition of Vivacom. Vivacom is the largest telecoms operator in Bulgaria. Vivacom was put on sale earlier this year and United Group was in exclusive talks to buy the telecoms company, whose enterprise value market … United Group completes Vivacom acquisition July 31, 2020 United Group, a telco and media operator in Southeast Europe, majority owned by BC Partners, has announced the completion of its acquisition of Vivacom. Vivacom was put up for sale in July 2019 and United Group agreed to take it over four months later, stating Bulgaria was “an attractive market” which would allow the group to diversify its offerings. Paul, Weiss is representing BC Partners-owned United Group, the leading telecoms and media business operator in South Eastern Europe, in its acquisition of Vivacom. Твърди се, че двете страни са постигнали споразумение и сделката … United Group has sealed a 1.2 billion euros deal ($1.3 billion) to acquire Vivacom, which was put up for sale this year, two sources familiar with the transaction said. Vivacom was put up for sale in July 2019 and United Group agreed to take it over four months later, stating Bulgaria was “an attractive market” which would allow the group to diversify its offerings. 5 on its ‘Fast 10’ list for 2020. Vivacom Bulgaria, another successful telecommunications company, has officially become part of the United Group family. Vivacom Bulgaria, another successful telecommunications company, has officially become part of the United Group family. With a clear vision and strategy for the future, United Group has acquired another market leader in the region.”. United Group welcomes Vivacom – the largest telecom operator in Bulgaria. To support its growth, United Group has partnered with a number of leading global investors. The Vivacom Acquisition provides United Group with an attractive investment opportunity that strengthens United Group’s scale and leadership across South Eastern Europe, and provides it with material upside potential. United Group already operates in six countries in the region. United Group welcomes Vivacom – the largest telecom operator in Bulgaria Vivacom Bulgaria, another successful telecommunications company, has officially become part of the United Group family. In a statement, it says that this follows the approval of the deal by … LONDON-- (BUSINESS WIRE)--Empreno Ventures Ltd, the owner of 43.3% shareholding in V2 Investment Sarl (“ V2 ”), the former sole parent and pledgor of Vivacom, has urged United Group … United Group has sealed a 1.2 billion euros deal ($1.3 billion) to acquire Vivacom, which was put up for sale this year, two sources familiar with the transaction said. Founded by Mr Šolak and family in 2000, the company grew organically and through acquisitions into one of the biggest companies in the region with over EUR 600 million in revenues, employing 4,000 people across 6 … United Group, owned by London-based private equity firm BC Partners, currently offers pay TV, internet and telecommunications services in the six former Yugoslav republics. Its market-leading position has been driven by strong understanding of customers’ needs and bringing technological innovations to provide advanced, high-quality services including fibre broadband, mobile communications and digital TV to private and commercial customers. Victoriya Boklag, United Group CEO, said: “Vivacom established its number one position in Bulgaria with excellent management, impressive financial results, technological advancements, and remarkable team collaboration. “For Vivacom, joining the United Group family is a huge opportunity to accelerate the excellent results achieved so far in the Bulgarian market. United Group to buy Vivacom November 8, 2019 06.12 Europe/London By Chris Dziadul BC Partners-owned United Group has agreed to buy the Bulgarian incumbent Vivacom … Amsterdam and London, 7 November 2019: United Group, the leading telecoms and media business operating in South Eastern Europe, has agreed to acquire Vivacom, the largest telecoms operator in Bulgaria. The transaction is subject to conditions, including receipt of applicable antitrust approvals. The announcement of talks were made by United Group owner BC Partners, with the private equity firm confirming that it was in the midst of discussions with Nova owner Advance Media Group. “For Vivacom, joining the United Group family is a huge opportunity to accelerate the excellent results achieved so far in the Bulgarian market. Victoriya Boklag, CEO of United Group, said, “Vivacom is a well-run company with strong management and I am excited at the opportunities we have to build an even stronger business. References We have built a strong brand, synonymous with quality and innovation, and a modern company with over 5,000 loyal employees across the country. 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