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Kohlberg Kravis Roberts and KKR Private Equity Investors extend transaction deadline

Kohlberg Kravis Roberts and its Guernsey-based, Amsterdam-listed fund KKR Private Equity Investors have extended the date by which the pending acquisition of all of the assets and liabi

Kohlberg Kravis Roberts and its Guernsey-based, Amsterdam-listed fund KKR Private Equity Investors have extended the date by which the pending acquisition of all of the assets and liabilities of KKR Private Equity Investors by KKR is required to be completed before either party may, subject to certain conditions, terminate the agreement.

The deadline has been extended from 27 April to 31 August

KKR and the independent directors of the fund’s general partner continue their process of evaluating the advisability of the transaction. The transaction is subject to customary closing conditions, and there can be no assurance as to whether or when it will be completed.

The plan for KKR to acquire the listed fund of funds was drawn up after its share price on Euronext Amsterdam dropped dramatically. The effect of the transaction would be to delist the vehicle in Amsterdam and give investors shares in a US-listed vehicle that would encompass the existing privately-held KKR partnership.

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