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Karanovic & Partners 

August, 2019 - Belgrade, Serbia



Knjaz Milos Sold to KMV and PepsiCo


One of the largest deals of 2019 is officially completed – Mid Europa Partners, the leading private equity investor in Central and Eastern Europe, sold its shares in Knjaz Milos to a joint venture between Karlovarske Mineralni Vody (KMV) and PepsiCo, Inc. (PepsiCo). Karanovic & Partners acted as local counsel for Mid Europa Partners in this transaction, working closely with White & Case as international counsel.

The Karanovic & Partners legal team was led by Managing Partner Rastko Petakovic, Partner* Milos Jakovljevic and Associate* Sava Draca, and the services included conducting a vendor due diligence and transaction assistance.

“Congratulations to our clients and all sides involved in yet another successful transaction of great importance for the entire region. Knjaz Milos is the firm with more than 200 years of corporate history and a strong brand reputation. We are honored for being a part of the closure of such a major deal together with Mid Europa Partners and White & Case”, said Rastko Petakovic, Managing Partner of Karanovic & Partners.

This is not the first time that Karanovic & Partners advised the investor. The firm successfully advised Mid Europa Partners on numerous deals in previous years, such as its acquisition of Knjaz Milos, Imlek, Bambi and Niska Mlekara, as well as sale of SBB/Telemach Group.

*Independent attorney at law in cooperation with Karanovic & Partners

The information in this document does not constitute legal advice on any particular matter and is provided for general informational purposes only.


WSG's members are independent firms and are not affiliated in the joint practice of professional services. Each member exercises its own individual judgments on all client matters.

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