KKR
KKR to acquire Roompot from PAI
At the beginning of 2020, PAI hired Rothschild to sell the company for an expected valuation of €1bn
KKR's Heidelpay invests in Tillhub
Investment is the contactless payment company's first since it was acquired by KKR in 2019
Pillarstone Italy launches €600m turnaround fund
Responsible & Sustainable Corporate Turnaround Fund intends to support the recovery of Italian companies
Cinven, KKR, Providence aim for €3bn Masmovil deal
Offer targets the entire share capital of Masmovil at a price of €22.5 per share
KKR commits $1bn for GTR formation
Investment will be supported by $1.5bn in debt financing for a buy-and-build startegy
KKR revises conditional offer for Avida Finans
Subscription price per share has been reduced from NOK 33 to NOK 26
KKR buys 5.2% stake in ProSieben
TV network is valued at less than half of its 2006 value when KKR and Permira first invested
IK hires Aoun as head of capital markets
Aoun joins IK from KKR, where he was a principal focusing on private credit and capital markets
KKR reports 12% Q1 loss in PE portfolio
GP cited $58bn dry powder, cheaper asset prices and steady management fees for being optimistic
KKR expects lower valuations for its portfolios due to Covid-19
GP forecasts that emergency restrictions will challenge its ability to market new funds and strategies
KKR sells 33.33% stake in Acciona Energia for €445m
Energy group Acciona acquires a 13.33% stake in the company, while Axa IM buys 20%
KKR invests up to $500m in Kilter
Kilter Finance makes investments from its own balance sheet and is funded by its management team
York Capital, Elements Capital buy Pillarstone-backed Famar
In addition to Famar Italia, the Italian subsidiary of Famar, the deal also includes Famar Properties
KKR buys Viridor from Pennon in £4.2bn deal
Enterprise value of the company equates to 18.5x its adjusted 2018/19 EBITDA of £225.4m
Viridor/KKR shows sponsor route to waste opportunities in Covid-19 market
Waste management, and particularly energy-from-waste, is fast becoming an area of heated dealflow
KKR, Henkel in final bid for Coty nail and hair – report
Advent and a consortium of Cinven and the Abu Dhabi Investment Authority reportedly left the process
The Deals Pipeline
A fortnightly highlight of deal processes underway and involving PE, either on the buy- or sell-side, across Europe
KKR invests in Oslo-listed Avida Finans
GP buys 9,090,909 shares for NOK 300m and intends to launch a conditional offer for all Avida shares
KKR-backed Gamma takes stake in Univercells subsidiary
KKR's $50m investment in Univercells will be drawn from its Health Care Strategic Growth Fund
KKR closes Global Impact Fund on $1.3bn
Fund targets lower-mid-market companies in the Americas, Europe and Asia, which contribute to sustainable development
EQT, Omers buy Deutsche Glasfaser from KKR
Company has a reported enterprise value of €2.5-3bn and will merge with EQT portfolio company Inexio
KKR-backed Calisen to raise $1.87bn via IPO
Calisen indicated it plans to float nearly 25% of the business at a price of 225-265 pence per share
BD-Capital appoints Vidal-Quadras as head of southern Europe
BD-Capital is a recently established private equity firm targeting European mid-market businesses
KKR holds $2.2bn final closing for second tech growth fund
Fund invests in both majority and minority stakes and deploys equity tickets of more than $50m