Expats

Bulgaria Defeated in Court by Viva Ventures over Telco Deal [May 16, 2012] Bulgaria has lost a lawsuit against Viva Ventures, a subsidiary of London-based equity fund Advent International, which acquired a 65% stake in the state Bulgarian Telecommunications Company (BTC), in a widely criticized deal in 2004. The International Arbitration Court in Paris ruled that Viva Ventures has abided by its commitments to the telco workforce, as envisaged in the contract for its ... [via YahooNews] More >>

Bulgaria to Take to Court Telco Buyer Viva Ventures Again [Mar 29, 2011] Bulgaria is considering once again legal actions against Viva Ventures, a subsidiary of London-based equity fund Advent International, which acquired a 65% stake in the state Bulgarian Telecommunications Company (BTC), in a widely criticized deal in 2004. Viva Ventures paid EUR 230 M for the purchase and another EUR 50 M for a license to establish a third mobile phone operator in Bulgaria. It ... [via YahooNews] More >>

Advent to Delist Top Water Bottler Devin from Bulgaria Stock Exchange (Novinite.com) [Jan 08, 2010] Bulgaria's leading water bottling company Devin has a new owner - global private equity fund Advent International. File photo US-based Advent International has unveiled plans to delist leading Bulgarian mineral water bottler Devin from the Bulgarian Stock Exchange (BSE) upon acquisition of at least 95% of the shares. [via YahooNews] More >>