United Group’s General Counsel Steve Leroy said on Thursday that nothing would change with the acquisition of a majority share of the group by BC Partners, a leading international investment firm and that all companies in the group would continue implementing their strategic plans and investments.

“Nothing will change really in the sense that the management stays in place and the companies will keep their strategies and it‘s a continuation of our great work. The good news for the companies is that we have a very good new investor along with the previous investor who keeps a very good minority stake, a substantial one. We will benefit from new means to further invest in our networks, in our programming that people like and we will also continue to benefit from the expertise and frankly the significant investment in terms of strategy and expertise from KKR,” Leroy told N1. 

Asked about the effects of the acquisition for Southeastern Europe, Leroy said that this is good news.

“It’s a vote of vote of confidence because if you think back to when KKR invested in United Group this was the single largest private equity investment in the region and I think it helped gain the confidence of other investors and BC Partners to invest in the region,“ he said.

BC Partners announced the signing of a definitive agreement to acquire a majority ownership of United Group B.V. from leading global investment firm which will retain a substantial minority stake, KKR and BC partners said in a statement on Thursday.