KKR has announced the completion of the sale of majority ownership of United Group B.V. to BC Partners, following the receipt of all necessary regulatory approvals. KKR and United Group’s management team will retain a substantial minority stake.
 
Founded in Serbia, and headquartered in Amsterdam, United Group is the leading independent media and communication services provider across South East Europe. Through significant investments in digital infrastructure, content and proprietary technology, it provides market-leading services to its customers across the region. Over the past 18 years the Group has expanded its presence through both organic growth and acquisitions, now employing over 4,400 staff and providing services to over 1.8 million homes.

Since its investment in 2014, KKR has supported United Group’s efforts to build the company into the leading provider of communications and media services in South Eastern Europe. United Group’s fibre and cable networks have the largest presence in the region, covering 1.8 million homes which benefit from broadband speeds over 2.4x higher than local peers and high quality local and international content.  

Morgan Stanley and LionTree acted as advisers to BC Partners while Credit Suisse advised United Group.