KKR buys Selecta from ACP

KKR has worked with Selecta since 2014, when it provided €220m in long-term financing as part of a refinancing and also acquired a minority stake in the business.

The GP plans to grow the company by improving the operational and capital efficiency. It also hopes Selecta will benefit from new technologies including cashless payment and telemetry.

Selecta is KKR's second involvement in the sector. In January 2014, the GP made a debt and equity commitment of around €100m to vending machine firm Gruppo Argenta. As part of the deal, KKR acquired a minority stake in the company.

Previous funding
ACP acquired Selecta from Compass Group for €1.1bn in 2007.

Company
Founded in 1954 and headquartered in Cham, Switzerland, Selecta is a provider of vending and coffee services, with operations in 21 countries. The company operates 145,000 vending machines and employs 4,500 staff.

People
Remo Brunschwiler is CEO of Selecta. Mark Brown is director of special situations at KKR Credit in London. Joerg Spanier is managing director at ACP.

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• Topics
• DACH
• Consumer
• Buyouts
• Exits
• Secondary buyout
• Switzerland