Announced
Completed
Financials
Tags
Acquisition
Friendly
Private
Single Bidder
broadcasting
news
television
Radio and TV Broadcasters
Bulgaria
Majority
Private Equity
Cross Border
Completed
Synopsis
BC Partners-backed United Group, a provider of telecommunication services, completed the acquisition of Nova Broadcasting Group, Bulgaria’s largest multi-platform media company, from Advance Media Group, an American media company. Financial terms were not disclosed. "We’re very pleased with this agreement. The acquisition is in line with the overall strategy of United Group to own both telecom and media assets in the markets we serve. Nova Broadcasting Group complements our existing media assets and I’m confident we’ll find many synergies between them, which gives us scale on each market to further invest in local content and quickly reach audiences," Victoriya Boklag, United Group CEO.
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