4 days ago
BC Partners Faces Managers' Unrest at €6 Billion Media Company
A rift is opening between top managers at United Group BV, a sprawling European telecom and media firm, and private equity owner BC Partners LLP after the alternative asset manager fired the company's founder and chief executive officer.
Fourteen United executives wrote a letter to the board earlier this week voicing their 'deep concerns regarding the recent leadership changes' and demanding 'immediate action to reinstate' the pair, according to a letter seen by Bloomberg News. Founder Dragan Šolak, who was chairman of the advisory board, and CEO Viktoriya Boklag were dismissed in June.
