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BC Partners faces ‘corporate governance crisis’ at United Group, rebelling executives warn

Senior figures inside the European telecoms giant have been exchanging letters that underline growing management tensions

By

Sebastian McCarthy

and

Lars Mucklejohn
United Group founder Dragan Šolak (left) was dismissed in June, while Nikos Stathopoulos, chair of Europe at BC Partners (top right) said the new leaders were the right ones to lead UG for the next stage of its strategy
United Group founder Dragan Šolak (left) was dismissed in June, while Nikos Stathopoulos, chair of Europe at BC Partners (top right) said the new leaders were the right ones to lead UG for the next stage of its strategy

A management rebellion is deepening inside one of BC Partners’ largest portfolio companies as its newly-appointed boss faces internal calls to be suspended.

European telecoms and media giant United Group dismissed its founder Dragan Šolak alongside chief executive Viktoriya Boklag earlier this summer, sparking a row between the private equity-owned company and a spate of its executives.

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