Kohlberg Kravis Roberts & Co. L.P. (NYSE:KKR) through its fund KKR European Buyout Fund III, L.P. signed an agreement to acquire a majority stake in Telemach sirokopasovne komunikacije d.o.o. from Mid Europa Fund II , managed by Mid Europa Partners LLP on October 15, 2013. European Bank for Reconstruction and Development has also co-invested in the acquisition. The deal is subject to customary approval by local competition authorities, regulatory approvals and is expected to be completed by first quarter of 2014.

Credit Suisse acted as financial advisor to Mid Europa Partners. Compagnie Financière Lazard Frères SAS, Lazard and Citigroup, Inc. (NYSE:C) acted as financial advisors for Kohlberg Kravis Roberts & Co. L.P. Rory Mullarkey, Andrej Wolf, John Markland and William Burke of Kirkland & Ellis LLP acted as legal advisors for Mid Europa Partners LLP. Alvaro Membrillera, Anais Fritz, Kristyn Greene, Linford Coates, Sinjini Saha, Ian Barratt, Nick Shaw, Kate Sinclair, Shahpur Kabraji, Anna Cumming, Dee Afolami, David Vann, Étienne Renaudeau and Sean FitzGerald of Simpson Thacher & Bartlett LLP acted as the legal advisor to Kohlberg Kravis Roberts & Co. L.P. Martin Bowen, Gareth Amdor and Michael Miranda of S J Berwin acted as legal advisor for Telemach sirokopasovne komunikacije d.o.o.

Kohlberg Kravis Roberts & Co. L.P. (NYSE:KKR) through its fund KKR European Buyout Fund III, L.P. completed the acquisition of a majority stake in Telemach sirokopasovne komunikacije d.o.o. from Mid Europa Fund II, managed by Mid Europa Partners LLP on March 6, 2014.