KKR Private Equity Investors and KKR have completed the transaction to combine the two businesses.
Going forward, KPE will be known as KKR Guernsey and its common units will trade on Euronext Amsterdam from 2 October.
Henry R. Kravis and George R. Roberts (pictured), co-founders of KKR, said: “For over 33 years, KKR has prided itself on being an industry leader that does not stand still. KKR has grown into a leading investment firm with capabilities to invest in multiple industries globally and across the capital structure. Our mission is to create attractive returns for our investors. This transaction is a milestone that will enhance this mission and provide capital to grow our firm.”
In the transaction, KPE received interests representing 30 per cent of the outstanding equity in the combined business, and the balance of the equity remains with KKR’s owners and employees. The transaction did not involve the payment of any cash consideration or involve an offering of any newly issued securities to the public, and KKR executives did not sell any interests in the transaction.
KKR Guernsey’s units are subject to the same restrictions on ownership and transfer that KPE units were subject to prior to the completion of this transaction.
