Fidest – Agenzia giornalistica/press agency

Quotidiano di informazione – Anno 33 n° 335

Posts Tagged ‘kkr’

Accordo per la creazione della società FiberCop con KKR e Fastweb”

Posted by fidest press agency su domenica, 16 agosto 2020

“L’intervento senza precedenti del Governo durante il CdA di Telecom Italia, che ha deciso di mettere in stand-by fino al 31 agosto la cessione di una quota del 38% della sua rete secondaria (FiberCop) al fondo americano KKR” per inserirlo nella creazione di una rete nazionale integrata a banda larga più ampia e aperta a diversi player, “rende più a rischio l’accordo per la creazione della società FiberCop con KKR e Fastweb”. Questo è il giudizio che emerge dall’analisi di Hsbc Global Research pubblicata oggi su FiberCop.
Nel report si legge infatti: “Ci aspettavamo una decisione del consiglio di amministrazione del Gruppo TIM sull’offerta vincolante di KKR per una partecipazione di minoranza significativa in FiberCop, tuttavia ha deciso di riconvocarsi il 31 agosto per deliberare in modo conclusivo sul Progetto FiberCop”.
FiberCop è il progetto di separazione della rete secondaria di TIM (incluso l’80% detenuta da TIM in Flash Fiber) e della partnership con KKR Infrastructure e Fastweb contenuti nell’offerta ricevuta dal fondo americano KKR.L’offerta è pari a 1,8 miliardi di euro per l’acquisto da parte di KKR Infrastructure del 37,5% di FiberCop sulla base di un enterprise value di circa 7,7 miliardi di euro (equity value 4,7 miliardi di euro), mentre Fastweb avrebbe il 4,5% del capitale di FiberCop a fronte del conferimento del 20% attualmente detenuto in Flash Fiber. L’obiettivo è trasferire in FiberCop l’infrastruttura passiva di Tim, quella che va dal cabinet alle abitazioni per gestire meglio il passaggio dal rame alla fibra.
Ma perché, allora, per gli analisti di Hsbc l’intervento dell’esecutivo “rende più incerto” la nascita di FiberCop?“La struttura delle trattative attuali di FiberCop è più a rischio”, scrivono gli analisti nel report, “perché”, ieri, “durante la conference call sui risultati del secondo trimestre 2020, l’amministratore delegato di TIM, Luigi Gubitosi, ha dichiarato che il Gruppo si atterrà alla sua decisione di vendere una quota di minoranza nella rete dell’ultimo miglio, ma ha anche ammesso che i colloqui con Open Fiber comporterebbero l’intera rete fissa, lasciando effettivamente la porta aperta per una revisione significativa dei termini del potenziale coinvolgimento di KKR”.

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KKR acquisirà una quota di maggioranza in Coty Professional Beauty

Posted by fidest press agency su sabato, 16 Maggio 2020

Ginevra. Oggi Coty Inc. ha annunciato la firma di un Memorandum d’Intesa con il fondo di investimento globale, KKR, per la vendita della maggioranza delle quote di Coty Professional Beauty e Retail Hair business, tra cui Wella Professionals, OPI, ghd, System Professionals, Sebastian Professionals, Seb Man, Nioxin e Kadus (insieme nominati di seguito ‘Wella’).Secondo i termini del Memorandum d’Intesa, “Wella” e il suo portafoglio di marchi professionali torneranno ad operare come una azienda assestante, di cui KKR acquisirà una partecipazione del 60% e Coty manterrà il restante interesse del 40%. I brand di bellezza mass market di Coty in Brasile rimarranno di proprietà di Coty.Sylvie Moreau, Presidente di Coty Professional Beauty, ha commentato: “Siamo entusiasti di dare questo annuncio. KKR è uno dei più importanti e rispettabili fondi di investimento con numerose storie di creazione di valore. In qualità di leader di mercato, con uno dei più forti portfolio del settore professionale, crediamo che questa partnership apra una serie di nuove opportunità per Wella, per i nostri partner, per le nostre persone e per i nostri marchi.”

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KKR to Acquire Leading Digital Reading Platform OverDrive

Posted by fidest press agency su sabato, 28 dicembre 2019

KKR, a leading global investment firm, today announced the signing of a definitive agreement to acquire OverDrive, Inc. (“OverDrive” or the “Company”), the leading digital reading platform for libraries and schools, from Rakuten USA, a wholly owned subsidiary of Rakuten, Inc. Financial details of the transaction were not disclosed.Serving a growing network of 43,000 libraries and schools in more than 75 countries, OverDrive delivers the industry’s largest catalog of ebooks, audiobooks, magazines and other digital media to millions of readers around the world. With its proprietary platform, the Company securely allows these institutions to acquire and manage premium and differentiated digital content from a strong publisher network OverDrive has built over more than 25 years.KKR has a long history of successfully investing in market-leading businesses in the digital media and content sectors. KKR’s recent and related investments include Epic Games, AppLovin, RBmedia, Pandora, WebMD, UFC, Leonine, BMG Rights Management, Next Issue Media, and Nielsen, among others.KKR is making the investment in OverDrive from its KKR Americas XII Fund.Goldman Sachs & Co. LLC and LionTree Advisors served as financial advisors to KKR and Simpson Thacher and Bartlett served as legal advisor to KKR.

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KKR Enters Seattle Real Estate Market

Posted by fidest press agency su giovedì, 26 dicembre 2019

KKR, a leading global investment firm, today announced the closing of two real estate transactions totaling over $1.2 billion located in the greater Seattle region, including the Summit located in downtown Bellevue and the F5 Tower in downtown Seattle.
The Summit is a 915,000-square-foot Class A office complex in the Bellevue central business district. The complex is 99% leased, and is comprised of two existing LEED Platinum office buildings and a third building currently under construction, expected to be completed in Q3 2020. The properties are well located in the heart of the central business district, one block from the Bellevue Transit Center and the Bellevue Downtown Light Rail Station opening in 2023.F5 Tower is a recently completed 43-story tower in the Seattle central business district, which includes the 100% leased 516,000-square-foot office condominium acquired by KKR alongside a separate 189-room luxury hotel. The property is architecturally significant to the Seattle skyline and home to F5 Networks as their global headquarters.The buildings will be operated by Urban Renaissance Group, a Seattle based real estate investor, developer, and manager of real estate, who assisted with the acquisitions.Since launching a dedicated real estate platform in 2011, KKR has invested or committed approximately $9 billion in capital across over 200 real estate transactions in the U.S., Europe and Asia as of September 30, 2019. KKR’s global real estate team consists of over 85 dedicated investment professionals, spanning both the equity and credit businesses.

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KKR Completes Purchase of a Majority Interest in NVC China

Posted by fidest press agency su lunedì, 16 dicembre 2019

Global investment firm KKR and NVC International Holdings Limited (“NVC International”) (Stock Code:2222) today announced the completion of KKR’s purchase of a majority interest in NVC Lighting’s China lighting business (“NVC China” or the “Company”). With the completion of the transaction, KKR owns 70 percent of NVC China and NVC International holds the other 30 percent.
NVC China is a leading manufacturer of branded lighting products in China, and additionally provides lighting solutions to consumers and business clients through a robust distribution network across the country. Together with KKR and NVC International, NVC China aims to enhance its ability to meet Chinese consumers and businesses’ demand for high-quality lighting products and solutions. With the support of KKR’s extensive operational expertise, the Company will look to adopt enhanced technologies and practices to differentiate itself as an industry innovator in areas such as energy conservation.NVC China will continue in its commitment to the China market and focus on addressing the increasing demand of Chinese consumers and business clients for high-quality lighting products. The support of KKR’s resources and operational expertise will enable the business to undertake a long-term growth strategy that is also supported by China’s ongoing consumption, industrial and commercial upgrades, as well as the promotion of environmental protection, health and energy conservation. These trends underpin healthy long-term sector growth for the lighting industry in China, and NVC China will invest in its business to ensure the NVC brand stays ahead as a technology and business model innovator.KKR made its investment from its flagship Asian Fund III. China is a core focus within KKR’s Asia Pacific strategy and will continue to prosper going forward. KKR has deployed more than US$4.6 billion since 2007 to support the development of domestic champions into industry leaders. KKR delivers deep, local expertise to Chinese companies across various sectors through its offices in Beijing, Hong Kong, and Shanghai.

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KKR Completes Acquisition of Ramky Enviro Engineers

Posted by fidest press agency su mercoledì, 13 febbraio 2019

Global investment firm KKR and Ramky Enviro Engineers Limited (“REEL” or the “Company”), a leading provider of environmental services and solutions in India and overseas, today announced the completion of their previously announced transaction. Under the terms of the transaction, KKR has acquired a 60% stake in REEL for approximately US$510 million via a combination of primary and secondary investments. In addition to investing in REEL from its KKR Asian Fund III, the investment is part of KKR’s Global Impact strategy, which is focused on identifying and investing behind businesses with positive social or environmental impact that measurably contribute solutions to one or more of the United Nations Sustainable Development Goals.

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KKR Completes Investments in LS Group’s Auto Parts and Copper Foil Businesses

Posted by fidest press agency su giovedì, 8 marzo 2018

LS Group (“LS”), one of South Korea’s largest diversified corporations, and KKR, a leading global investment firm, today announced that KKR has completed its investment in LS Automotive (“LSA”), an electrical auto parts maker for the global automotive industry, and has completed the acquisition and carve-out of KCF Technologies Co., Ltd. (“KCFT”), the copper foil and flexible copper clad laminate business formerly known as LS Mtron. By leveraging KKR’s expertise and global network, KKR’s partnership with LSA and KCFT will accelerate the companies’ growth in domestic and overseas markets, help to penetrate new verticals, and increase sales in existing markets. Further, KCFT will leverage KKR’s expertise in completing complex, strategic carve-outs from corporations worldwide and supporting these companies in operating as independent entities.Hyoung Seok Lim and Chung Ho Park, Managing Directors at KKR, said, “LS Automotive and KCF Technologies are world-class businesses and leaders in their respective fields. We are excited to partner with their management teams to support long-term growth as the auto industry rapidly evolves and global customers increasingly seek environmentally friendlier automobiles.”
“This milestone for LS Group enables us to strengthen our focus on our core businesses while finding an exceptional, long-term partner for our copper foil business. With such a high-caliber partner by our side, we are confident in LS Automotive and KCF Technologies’ ability to meet their full potential in the years to come,” said Joon-woo Lee, Senior Vice President of LS Corp.
Dr. Young-tae Kim, CEO of KCFT, added, “Our partnership with KKR is transformational in that KCF Technologies will operate as a standalone company for the first time in its history. We’re thrilled to work alongside KKR given its track record of carving-out and helping companies operate independently by driving sustainable operational improvements. Together, we look forward to delivering great value to existing customers while expanding into new segments under our fresh brand.”Established in 1973, LSA is a leading auto parts company in South Korea that has successfully established globally competitive positions in high-growth auto component segments including switches, interior lamps and human machine interface (“HMI”) systems, and electrical and electronics components such as power seat modules, electrical control units, sensors and relays. LSA is the top Tier-1 supplier of HMI components to Hyundai Kia Motors, as well as major global original equipment manufacturers (“OEMs”) in the U.S. and Japan, and leading local OEMs in China and India.KCFT manufactures and sells copper foils for large capacity lithium-ion batteries for electric vehicle (“EV”) applications and mobile devices. The copper foil business for EV battery applications is expected to be among the fastest-growing segments of the auto industry due to rising demand for environmentally friendlier transportation. KCFT supplies global EV battery leaders including LG Chemical and major battery manufacturers in Japan and China.

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David Lang to Join KKR as a Member in Australia

Posted by fidest press agency su lunedì, 23 ottobre 2017

David_LangSydney. Mr. Lang joins KKR from Pamplona Capital Management, a US$10 billion global private equity fund where Mr. Lang was a partner and founding member. With 20 years of industry experience, he has successfully invested across a diverse range of sectors – from consumer staples and retail, to industrials and infrastructure.“We are thrilled to have an Australian of David’s impressive calibre and experience join our team in Sydney,” Scott Bookmyer, Member & Head of KKR Australia, said. “After spending the past 15 years in Europe and the United States, he brings back a wealth of relationships and best practices to his home market. David personifies the global & local nature of KKR’s strengths and enables us to offer an even greater array of flexible capital solutions to local institutions and entrepreneurs. David’s arrival, and appointment as a fellow Member to help me lead the team, reinforces KKR’s long-term commitment to the vibrant Australian market.”Mr. Lang said, “I am excited to return home after 15 years and join an investment firm with such an outstanding reputation and established presence in the region. Australia is a dynamic market and I am convinced there is growing demand for entrepreneurs, family-owned businesses and corporate CEOs to find like-minded partners to help them expand domestically and abroad. With KKR’s experienced team and vast global network, we will continue to forge such partnerships and I will be focused on continuing to build on the firm’s success in Australia.” KKR has been investing in Australia through its pan-regional private equity funds since 2006 and opened its office in Sydney in 2007. As the Australian economy offers opportunities to invest in high-quality companies poised for expansion domestically and overseas, the country plays an important role in KKR’s Asia Pacific strategy. To date, KKR has deployed more than A$3 billion across its Private Equity, Credit, Energy & Resources and Real Estate businesses. KKR’s existing private equity investments include Dixon Hospitality, Latitude Financial Services, Laser Clinics Australia, Santanol and Sundrop Farms. (photo: David Lang)

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