KKR tenders offer for GfK

The offer represents €43.5 per share and a premium of about 44% on the volume weighted average share price for the last three-month period leading up to the bid.

The offer's acceptance period will end on 10 February 2017. The deal is reported to value the company at €1.59bn.

According to a statement, the company's majority shareholder, GfK Verein, will support KKR's overhaul plan. Following the transaction, the company expects to remain majority shareholder with a 56.46% stake, while KKR aims to acquire a minimum of 18.54%, which would equal a €293m injection for KKR, according to press reports. At completion of the deal, KKR and the company are expected to own a combined 75% stake in the business.

GfK is a provider of market research, indices and audience ratings for the media industry and is keen on using the fresh capital to focus on big data research to analyse consumer demand.

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