KKR closes second European fund on

Kohlberg Kravis Roberts & Co (KKR) has completed the final closing of KKR European Fund II, its second private equity fund, targeting investments primarily in Western Europe. The fund was capped at E4.5bn, exceeding the firm’s initial target by E1.5bn. KKR reportedly received subscriptions in excess of the E4.5bn cap. The executives of KKR committed E100m of the capital raised, while the remaining capital was raised from a variety of institutional investors across North America, Europe, Asia and the Middle East, including approximately 40% from new investors.KKR made its first investment in Europe in 1996, before raising its first European fund in 1999. In total, KKR has invested $4.8bn of equity in 17 European companies. Its investments include the largest leveraged buyouts to date in the Netherlands and France, eight investments in Germany, and nine European transactions with a value of $1bn or more. KKR’s European investments include Newsquest, Willis Group, Wincor Nixdorf, Legrand, Royal Vendex, ATU and MTU.

• Tweet  
• Facebook  
• LinkedIn  
• Google plus  
• Send to  

• Topics
• Southern Europe