BC Partners’s Acquisition of United Group

Kirkland & Ellis International LLP represented funds advised by BC Partners on its definitive agreement to acquire majority ownership of United Group

Funds advised by BC Partners, a leading international investment firm, signed a definitive agreement whereby BC Partners will acquire majority ownership of United Group B.V. from KKR, a leading global investment firm. KKR will retain a substantial minority stake. Financial terms of the transaction were not disclosed, and the transaction is subject to relevant regulatory approvals.

United Group is the leading media and communication services provider across South East Europe. Through significant investments in digital infrastructure, content and proprietary technology, it provides market-leading services to its customers across the region. Over the past 18 years the Group has expanded its presence through both organic growth and acquisitions, now employing over 3,400 staff and providing services to over 1.8m homes.

Since its investment in 2014, KKR has supported United Group to build the company into the leading provider of communications and media services in South Eastern Europe. United Group’s fibre and cable networks have the largest presence in the region, covering 1.82m homes which benefit from broadband speeds over 2.6x higher than local peers and high quality local and international content.

Morgan Stanley and LionTree are acting as advisers to BC Partners while Credit-Suisse is advising United Group.

The Kirkland team was led by London corporate partners David Higgins (Picture), Stuart Boyd and David D’Souza and corporate associates Annette Baillie, Sam Whittaker, Jessica Liang, Kathryn Alexander and Rachel O’Neill, debt finance partners Neel Sachdev, Matthew Merkle, Daniel Borg and Shawn Anderson and associates Kanesh Balasubramaniam, Harry Briffitt and Luke Newling, antitrust partner Paula Riedel and associate Shane Cranley, and tax partner Tim Lowe and associate Dragana Cvejic.

Involved fees earner: David Higgins – Kirkland & Ellis; Stuart Boyd – Kirkland & Ellis; David D’Souza – Kirkland & Ellis; Annette Baillie – Kirkland & Ellis; Sam Whittaker – Kirkland & Ellis; Jessica Liang – Kirkland & Ellis; Kathryn Alexander – Kirkland & Ellis; Rachel O’Neill – Kirkland & Ellis; Neel Sachdev – Kirkland & Ellis; Matthew Merkle – Kirkland & Ellis; Daniel Borg – Kirkland & Ellis; Shawn Anderson – Kirkland & Ellis; Kanesh Balasubramaniam – Kirkland & Ellis; Harry Briffitt – Kirkland & Ellis; Luke Newling – Kirkland & Ellis; Paula Riedel – Kirkland & Ellis; Timothy Lowe – Kirkland & Ellis; Dragana Cvejic – Kirkland & Ellis;

Law Firms: Kirkland & Ellis;

Clients: BC Partners;