Linklaters and Baker & McKenzie have bagged lead roles on what is understood to be the biggest-ever Central European buy-out, as a consortium acquires Czech telecoms company Radiokomunikace for €1.2bn (£811m).

Linklaters advised the buy-out consortium, which comprised Abu Dhabi-based Al-Bateen Investment Company, Lehman Brothers Private Equity and Mid Europa Partners.

The Linklaters team involved in the deal was led by the managing partner of the firm's Dubai office, Ewan Cameron, and London-based private equity partner Carlton Evans. Banking partners Annette Kurdian and Charles Dunn, global head of TMT Tim Schwarz and Prague-based corporate partner Ludek Vrana also advised.

Bivideon, a Dutch-regis-tered special purpose vehicle, sold the company in the deal, which closed on 23 November.

The seller was advised by Bakers, led by its European private equity head, Simon Hughes.

Radiokomunikace is the national provider of television and radio broadcasting services in the Czech Republic.

As part of the deal, it also acquired Bivideon's 39.23% stake in T-Mobile Czech Republic, one of the leading mobile operators in the Czech Republic.

The acquisition was funded partly by equity provided by Al-Bateen, Lehman Brothers and Mid Europa and partly by a €750m (£507m) senior and mezzanine debt package provided by ING Bank, which was advised by Clifford Chance.

Vrana said: "The deal involved a number of interesting features – for instance, the restructuring of the seller's business involved one of the first de-mergers conducted under new corporate de-merger legislation in the Czech Republic."