KKR Completes United Group Acquisition

(RTTNews) - Private equity firm Kohlberg Kravis Roberts & Co. (KKR) said Thursday that it has completed the acquisition of United Group, a cable and pay TV operator in South Eastern Europe.

KKR signed a definitive agreement to acquire United Group from Mid Europa Partners on October 15, 2013.

The closing of the deal by which the European Bank for Reconstruction and Development invests €50 million alongside funds affiliated with KKR also takes place today.

Operating under the SBB and Telemach brands, United Group serves 1.89 million customers across the six markets of former Yugoslavia with a combined population of over 20 million.