Schoenherr has advised the KKCG Group and its portfolio company Aricoma Group International on the acquisition of Bulgarian software company Musala Soft and its subsidiaries. CMS reportedly advised the sellers.
The transaction remains contingent on regulatory approval.
The KKCG Group, managed by Karel Komarek, is an investment company with a total book value of more than EUR 9 billion.
The Aricoma Group is a Central European IT services provider with a presence in Scandinavia. Through its portfolio companies, it provides end-to-end digital transformation solutions, including UX design and consulting, custom software development, IT infrastructure and IT operations management, cloud operations, and cloud security services.
Musala Soft is a provider of high-end software engineering services in AI, big data, IoT, analytics, cloud, and integration.
According to Schoenherr, “Musala Soft’s management team will stay on board in the long term and will support building Aricoma’s future.”
Schoenherr’s team included Bulgaria-based Partners Ilko Stoyanov and Stefana Tsekova, Attorneys at Law Katerina Kaloyanova-Toshkova, Ivelina Vasileva, and Ventsislav Tomov, and Associate Gergana Roussinova-Ivanova as well as North Macedonia-based Partner Andrea Radonjanin, Attorney at Law Andrea Lazarevska, and Associates Magdalena Petreska, Martin Ivanov, and Sofijana Markovska.