Global law firm Dentons advised a syndicate of banks led by Česká spořitelna and including Československá obchodní banka and Komerční banka on financing to support the acquisition by KKCG Group and its portfolio company ARICOMA Group International AB of Musala Soft, a major 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 €400 million, an EBITDA of €39 million and 4000+ professionals.

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

Partner Daniel Hurych, Co-head of the Banking and Finance practice in Prague, led Dentons’ cross-border team, which included associates Martin Fiala, Jan Kořistka and Miroslav Sýkora (Prague), associate Richard Marcinčin (Bratislava), partners Axel Schlieter and Dominik Thomer (Dusseldorf) and partner Bartosz Nojek and associates Marcin Gruszka and Dominika Krysiak-Bogdzio (Warsaw).

Legal services under Bulgarian, Macedonian, Serbian and Swedish law 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 Hurych commented, “We advised the lenders on previous financings for ARICOMA Group to help finance their acquisitions of technology companies Autocont, Cleverlance, Seavus, Komix and Stratiteq. ARICOMA´s vision to become a leading European NextGen IT services provider is a great inspiration, and we are happy that we had the opportunity to continue supporting their success as counsel to their financing banks.”