Integral Venture Partners (Integral), an investment firm, announced today that, following an agreement earlier in the year, it has commenced the final phase of the completion process for its strategic investment in Bulsatcom, a leading telecommunications company in Bulgaria. Integral is investing across the capital structure of the company and joining an already existing group of international institutional stakeholders in Bulsatcom including: Blantyre Capital and the European Bank for Reconstruction and Development; and local stakeholders including: the Bulgarian Development Bank and the founder of the business.
Integral manages institutional private equity and growth capital and is focused on investments in the countries of central and south-eastern Europe. Integral covers its pan-regional target market out of hubs in London, Budapest, and Belgrade.
Bulsatcom, founded in 2003, is the pay-TV pioneer on the Bulgarian telecommunications market. The company currently serves approximately one million residential and business subscribers through its direct-to-home satellite television, IPTV, and broadband internet services; and operates its own national fiber back bone and retail distribution network.
The terms of the investment were not disclosed.