United Group, owned by BC Partners and KKR, and Providence Equity Partners, have launched indicative bids for Bulgaria's largest telecom company Vivacom and are conducting due diligence, two sources with direct knowledge of the situation told the Financial Times. Vivacom was put up for sale in July by Bulgarian businessman Spas Roussev and the London arm of Russian bank VTB, which together took control of the company, after Lazard was appointed to find a buyer. United Group has bid EUR 1.1 billion, while Providence has offered EUR 1.05 billion.
