Ken Bidco seeks Bulgarian antitrust nod to buy Kin and Carta

The notified transaction is expected to result in a minor horizontal overlap in the infrastructure deployment and management services markets, as well as the infrastructure as a service (IaaS) market, the Commission on Protection of Competition (CPC) said in a statement.

The deal values Kin and Carta's share capital at some £239 million ($303.4 million/279.5 million euro) on a fully diluted basis, the target company said in an earlier statement.

Ken Bidco is a newly established company controlled indirectly by funds advised by BC Partners. BC Partners is active in Bulgaria through its portfolio companies in the telecommunications, pharmaceuticals, consumer healthcare, renewable energy, academic publishing and IT services industries.

Kin and Carta operates in Bulgaria through its local subsidiary, specialising in digital transformation services and IT solutions. Elsewhere in SEE, the firm is active in Kosovo and North Macedonia.

(£ = 1.1697 euro)