Global alternative investment manager KKR has agreed to exit part of its stake in United Group, a Netherlands-based telecommunications company serving Southeast Europe, to international investment firm BC Partners. The deal, which is subject to regulatory approvals, reportedly values the company at EUR2.6 billion (approximately US$3.1 billion) including debt. KKR acquired United Group in 2014 and will retain a substantial minority stake in the company. Separately, KKR has launched SinoCare Group, a China-based hospital investment and management platform, through KKR Asian Fund III. In conjunction with the launch of SinoCare, the company has completed its first transaction, acquiring a majority stake in China-based hospital operator HeTian Hospital Management. Additional financial details of the transactions were not disclosed.