UK buyout firm CVC Capital Partners has landed Europe’s largest buyout this year, putting together a syndicate of about a dozen banks to lend €700m ($1bn), despite the general weak lending availability from banks.

The firm brought together the banks to buy brewer Anheuser Busch Inbev's assets in Central and Eastern Europe for $3bn (€2bn), two people close to the transaction said. There was also a vendor loan of about €300m, one person said.