KKR appoints Lazard for Selecta IPO

The reports said Selecta could list on the Swiss stock exchange in Q4 2018, and is targeting a valuation of 10x its €245-255m EBITDA for the sale of around €867.3m in shares.

KKR acquired Selecta from Allianz Capital Partners in October 2015; prior to the acquisition, it had provided €220m in long-term financing in 2014.

Selecta has made a series of bolt-ons under KKR's tenure, including pan-European vending and coffee services provider Pelican Rouge in March 2017, and Italian coffee machine maker Argenta from Motion Equity Partners in October 2017.  

Selecta operates coffee and other food and beverage vending machines in 15 European countries. It employed 8,070 full time staff at the end of 2017.

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