BC Partners-backed United Group completed the acquisition of Nova Broadcasting from Advance Media Group.

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.