SJ Berwin, Kirkland & Ellis and Simpson Thacher & Bartlett have won roles advising on private equity firm Kohlberg Kravis Roberts’ (KKR’s) takeover of Serbia’s largest cable company in a deal worth €1bn (£847m).

The buyout giant has bought telecommunications company SBB/Telemach from private equity group Mid Europa Partners. The acquisition marks US-headquartered KKR’s first investment in eastern Europe. It is expected to complete by the first quarter of 2014.