BOYANOV & Co. Advises Banks on Financing of ARICOMA Group’s Acquisition of Musala Soft

BOYANOV & Co. advised a syndicate of banks led by Česká spořitelna and including Československá obchodní banka and Komerční banka on the Bulgarian law aspects of financing to support the acquisition by KKCG Group and its portfolio company ARICOMA Group International AB of Musala Soft, a prominent Bulgarian software company, and its subsidiaries.

ARICOMA Group is a leading Central European IT services provider with a significant Scandinavian presence. The company provides services to 1000+ clients in 18 markets from its 15 European delivery centers. With the acquisition of Musala Soft, the ARICOMA Group will comprise 10 technology companies with a consolidated annual turnover exceeding EUR 400 million, an EBITDA of EUR 39 million, and 4000+ professionals.

Dentons acted as lead counsel to the lenders on the financing transaction spanning eight jurisdictions. BOYANOV & Co. acted as legal advisor on the Bulgarian law aspects of the financing.

Damian Simeonov, Head of the Banking and Finance practice, led BOYANOV & Co.’s team.