Following recent successful acquisition of Avenga group into the Aricoma Group, Clifford Chance has advised KKCG’s IT pillar on the integration of the acquisition debt into the Group’s umbrella financing.

The deal involved not only the refinancing of the existing loan used for the acquisition of Avenga but also the extension of further new funds to the Group.

Following KKCG’s successful acquisition of a 100% share in the end-to-end software engineering and consulting platform Avenga in February 2024, the Group is further solidifying its position in the ever-evolving software landscape.

The Prague Clifford Chance team was coordinating legal counsels from Bulgaria, Germany, Malta, Poland, Slovakia and Sweden in the process and, together with them, provided the Group with complex support in negotiations of the main documents, restructuring security in the respective jurisdictions, and managing the refinancing and recapitalization for further investments.

KKCG IT pillar consists of three major brands, Aricoma, Avenga, and Qinshift; a comprehensive IT services provider and custom software development across Europe and the US. It provides a wide range of services, starting with the design of the ICT architecture, through the infrastructure, cybersecurity, cloud services, and the implementation of corporate applications, up to the development of custom comprehensive software solutions and outsourcing.

The Clifford Chance team was led by counsel Dominik Vojta and supervised by managing partner Miloš Felgr. The core team in Prague further consisted of associate Tomáš Kubala and junior lawyer Pavlína Tomečková and Slovak desk member Lukas Ljubovič.