United Group’s Acquisition of Vivacom

Paul, Weiss represented BC Partners-owned United Group in the transaction.

United Group completed the acquisition of Vivacom for 1.2 billion euros deal ($1.3 billion).

The acquisition will accelerate United Group’s growth, expand its geographic reach and cement its position as the industry leader in the region. United Group already operates in six countries in the region.

The transaction is subject to conditions, including receipt of applicable antitrust approvals. The acquisition will be financed through a combination of new debt and cash on hand at United Group.

Lazard acted as financial advisor to the seller and CMS acted as legal advisor. Citigroup, JP Morgan and LionTree acted as financial advisors to United Group.

United Group is the leading telecoms and media business operator in South Eastern Europe.

Vivacom is the largest telecoms operator in Bulgaria. 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.

The Paul, Weiss team included corporate partner Alvaro Membrillera (Picture), antitrust counsel Yuni Sobel and Marta Kelly, and litigation partner Roberto Gonzalez.

Involved fees earner: Roberto Gonzalez – Paul Weiss Rifkind Wharton & Garrison; Marta Kelly – Paul Weiss Rifkind Wharton & Garrison; Alvaro Membrillera – Paul Weiss Rifkind Wharton & Garrison; Yuni Sobel – Paul Weiss Rifkind Wharton & Garrison;

Law Firms: Paul Weiss Rifkind Wharton & Garrison;

Clients: United Group;