KPE to transfer $211m in co-investments

KPE, the Amsterdam-listed arm of Kohlberg Kravis and Roberts (KKR), is to transfer five co-investments representing $211m in fair value to a KKR sponsored co-investment fund for an aggregate purchase price of $200.4m in cash.

KPE is transferring portions of its co-investments in Biomet Inc, Dollar General Corporation, First Data Corporation, HCA Inc and The Nielsen Company BV. The fair value as of 31 December 2008 of each co-investment being transferred is $42.2m.

According to reports, KKR is currently reconsidering an acquisition of KPE. The firm had originally announced its intention to purchase the listed entity in July last year as part of a complex plan that would have seen a new company representing the entire KKR business floated on NYSE.

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