Dentons advises banks on the financing of the acquisition of Musala Soft by the ARICOMA group

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Global law firm Dentons advised a syndicate of banks led by Česká spořitelnhas and including Československá obchodní banka and Komercni banka on financing to support the acquisition by KKCG Group and its holding company ARICOMA Group International AB of Musala Soft, a leading Bulgarian software company, and its subsidiaries.

ARICOMA Group is one of Central Europe’s leading IT service providers with a significant Scandinavian presence. The company provides services to more than 1,000 customers in 18 markets from its 15 European delivery centers. With the acquisition of Musala Soft, the ARICOMA Group will comprise 10 technology companies with consolidated annual revenue of more than 400 million euros, EBITDA of 39 million euros and more than 4,000 professionals.

Dentons acted as lead counsel to the lenders on the financing transaction covering eight jurisdictions, providing comprehensive legal advice on the Czech, Slovak, Polish and German aspects, and coordinating local legal advice in Bulgaria, Macedonia, Serbia and in Sweden.

Partner Daniel HuritchCo-Head of the Banking and Finance practice in Prague, led Dentons’ cross-border team, which included partners Martin Fiala, Jan Koristka and Miroslav Sýkora (Prague), partner Richard Marcincin (Bratislava), partners Axel Schlieter and Dominik Thomas (Düsseldorf) and partner Bartosz Nojek and associates Marcin Gruszka and Dominika Krysiak-Bogdzio (Warsaw).

Legal services under Bulgarian, Macedonian, Serbian and Swedish laws were provided in cooperation with Nextlaw Referral Network member firms Boyanov & Co, Polenak Law Firm and ANDRIĆ Law Office, as well as TM & Partners respectively.

Partner Daniel Huritch commented: “We have advised lenders on previous ARICOMA Group financings to help them fund their acquisitions of technology companies Autocont, Cleverlance, Seavus, Komix and Stratiteq. ARICOMA’s vision to become one of Europe’s leading providers of NextGen IT services is inspiring, and we are pleased to have had the opportunity to continue supporting their success as an advisor to their financing banks.

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