Assets
2024: Telecom Italia sells fixed-line operator to Americans for €22bn
On June 24, 2024, operator Telecom Italia (TIM) announced the sale of its fixed-line network to American investment company KKR. The value of the transaction, which received approval from the Italian government, amounted to €22 billion. Read more here
2022
Vodafone sells 50% of Vantage Towers for $3.21 billion
In November 2022, Vodafone Group announced the sale of a stake in Vantage Towers, which focuses the group's telecommunications infrastructure. Asset buyers were investment companies KKR and Global Infrastructure Partners (GIP). Read more here.
Purchase of information security company Barracuda Networks for $4 billion
On April 12, 2022, it became known about the sale of Barracuda Networks to investment giant KKR. Through this deal, the IT company hopes to "accelerate business growth" by further advancing into key security markets such as Managed Discovery and Response, Advanced Discovery and Response, and Secure Access Technology (SASE). Read more here.
Purchase of bicycle manufacturer Accell Group for €1.56 billion
At the end of January 2022, it became known that the KKR investment fund will buy the Dutch bicycle manufacturer Accell Group for €1.56 billion. The investment fund will buy out the company's shares at a price of €58 apiece. The deal is planned to be closed at the end of the second or at the beginning of the third quarter of 2022, as noted in Bloomberg. Read more here.
Investing in French online freelance bank Qonto
In early January 2022, an online bank for Qonto freelancers raised about 486 million euros as part of the Series D funding round. The estimate startup for this investment transaction rose to 4.4 billion euros. The latest investment round was led by Tiger Global and. The TCV round was also attended by some new investors such as Alkeon, Eurazeo, KKR,, Insight Partners Exor Seeds, Guillaume Pousaz, Gaingels and Ashley Flucas. Valar's existing investors, Alven, DST Global Yuri Milner and have also Tencent invested in Qonto. More. here
2021
Purchase of the operator of data centers CyrusOne for $15 billion
On November 15, 2021, investment companies KKR Global Infrastructure Partners announced the purchase by operators data centers CyrusOne for $15 billion. This amount includes the debts of the company being sold. The deal, subject to regulatory approval, is expected to close in the second quarter of 2022. More. here
Sale of hotel operator Apple Leisure Group
On August 15, 2021, the American hotel operator Hyatt Hotels announced the purchase of Apple Leisure Group (ALG) from investment companies KKR & Co and KSL Capital Partners for $2.7 billion. Read more here.
Cloud provider Cloudera purchase
In early June 2021, investment companies KKR & Co. and Clayton Dubilier & Rice announced the purchase of cloud provider Cloudera, which will become a non-public company as a result of the transaction. The deal is estimated at $4.7 billion, Cloudera's market capitalization as of May 31, 2021 was $3.7 billion. Read more here.
Investing in Finnish delivery service Wolt
At the end of January 2021, the Helsinki company Walt raised $530 million. The investment round was headed by the Iconiq Growth fund with the participation of Tiger Global, KKR, Prosus, EQT Partners, Coatue, as well as the Yuri MilnerDST Global fund. The latest round was also attended by incumbent investors 83North, Highland Europe, Goldman Sachs Growth Equity, EQT Ventures and Vintage Investment Partners, which previously invested about $302 million in Walt. Read more here.
2020: Epicor sale
In early September 2020, Epicor's sale to investment firm Clayton, Dubilier and Rice (CD&R) was officially announced. The former owner of the manufacturer of ERP systems - KKR - sold it for $4.7 billion, which is 40% more than the amount that KKR paid for the acquisition of Epicor four years earlier. Read more here.
2019
Buying Coral with Parallels
In early July 2019, it became known about the sale Corel six months after the Canadian company itself made a major purchase, acquiring a Russian manufacturer software for. virtualizations Parallels Corel was acquired by investment group KKR. More. here
Applied Materials bought Kokusai Electric from KKR for $2.2 billion
On July 1, 2019, Applied Materials announced the acquisition of Kokusai Electric from private equity firm KKR & Co. for $2.2 billion. Read more here.
Sale of Media Group to UK BC Partners
In September 2018, British private equity firm BC Partners began the process of acquiring a majority stake in United Group from KKR for an enterprise valuation of 2.6 billion euros. The acquisition was completed on March 4, 2019.
2018
Purchase of Envision Healthcare for $9.9 billion
In June 2018, KKR announced the purchase of Envision Healthcare for $5.57 billion. Taking into account the debts of the American medical provider, the transaction value reaches $9.9 billion. Read more here.
Purchase of BMC Software
On May 29, 2018, it was announced that BMC Software would sell to private equity firm KKR, which could pay several billion dollars more for the purchase of the enterprise software manufacturer than the company's previous owners Bain Capital Private Equity, Golden Gate Capital, GIC, Insight Venture Partners and Elliott Management. Read more here.
2017
KKR buys Kokusai Electric from Hitachi
KKR bought Kokusai Electric from Hitachi in 2017. The value of the transaction was not named, but before its conclusion, KKR estimated Kokusai Electric at about $3 billion.
Purchase of ambulance services business from Envision Healthcare for $2.4 billion
In August 2017, Envision Healthcare announced the sale of an ambulance services business. With this deal, the company continues to focus on the main sources of revenue. Read more here.
2016: Purchase of Epicor from Apax Partners fund for $3.3 billion
In early July 2016, according to Bloomberg, Kohlberg Kravis Roberts (KKR), a private investment fund, bought Epicor Software from Apax Partners. Although the companies did not announce the value of the transaction, the publication knows that we are talking about $3.3 billion.
The same amount is called by sources of The Wall Street Journal (WSJ). Apax's investment in Epicor has paid off more than fourfold, they said. Apax bought Epicor for $976 million in 2011.
WSJ recalls that Apax wanted to sell Epicor back in 2014, but then investors changed their minds and rejected offers worth about $3 billion.
For a long time we have been looking for large and formed software assets, "says Herald Chen, KKR co-head of IT market transactions. - We were looking for a profitable asset with growth prospects and an attractive price. |
All formalities regarding the sale of Epicor to KKR are planned for August 2016. First, the deal must be approved by the relevant regulators.
The participants in the transaction did not disclose its terms. KKR's financial advisers for this acquisition are Morgan Stanley & Co. and RBC Capital Markets. Epicor is advised by BofA Merrill Lynch and UBS Investment Bank. More on the deal here.
2005: Participating in the purchase of chip direction from Agilent Technologies for $2.66 billion and the creation of Broadcom
In 2005, a group of private equity funds led by Silver Lake and KKR bought one of the lines of business from Agilent Technologies for $2.66 billion and created Avago, later renamed Broadcom, on its basis.