Djingov Gouginski Kyutchukov & Velichkov has advised the administrators and senior secured lenders of Bulsatcom UH Holdco Limited on the sale of Bulsatcom to Viva Corporate Bulgaria. Kambourov & Partners and, reportedly, Squire Patton Boggs advised Viva Corporate Bulgaria.
The senior lenders of the Bulsatcom Group included the EBRD, the Bulgarian Development Bank, and funds managed by Blantyre Capital, BlackRock, and Integral Venture Capital, with Alvarez & Marsal Europe as the administrators of Bulsatcom UH Holdco Limited, DGKV informed.
Viva Corporate Bulgaria is a Sofia-based investment company.
According to DGKV, Bulsatcom EOOD is the "largest TV satellite distributor in Bulgaria. The sale marked the successful completion of the restructuring of the Bulsatcom Group made by its senior secured lenders, who took control of the group in August 2019."
In 2019, DGKV advised the consortium of lenders on the appropriation of Bulsatcom and the introduction of financial restructuring proceedings (as reported by CEE Legal Matters on November 15, 2019).
DGKV’s team included Partner Georgi Tzvetkov and Counsel Gergana Monovska.
Kambourov & Partners' team included Managing Partner Vladimir Rangeloff and Partners Angel Rizov and Ivo Alexandrov.