Central and Eastern Europe-focused private equity fund manager Mid Europa Partners has agreed to sell Knjaz Miloš, a Serbia-based beverage producer, to Czech Republic-based bottled water company Karlovarské Minerální Vody (KMV) and multinational food and beverage corporation PepsiCo. Mid Europa acquired a majority stake in Knjaz Miloš in 2015. Financial details of the transaction, which is subject to customary competition authority clearance and expected to close in the third quarter of 2019, were not disclosed.