Kohlberg Kravis Roberts (KKR) to Acquire Capital Safety in $1.12B Deal
Tweet Send to a FriendGet Alerts KKR Hot Sheet
Price: $21.05 +0.38%
Overall Analyst Rating:
BUY (= Flat)
Dividend Yield: 8.8%
Revenue Growth %: +90.1%
Overall Analyst Rating:
BUY (= Flat)
Dividend Yield: 8.8%
Revenue Growth %: +90.1%
Trade KKR Now!
Global investment firm Kohlberg Kravis Roberts & Co. L.P. (NYSE: KKR) (together with its affiliates, “KKR”), today announced the signing of a definitive agreement to acquire Capital Safety, a leading provider of fall protection equipment (“FPE”), from Arle Capital Partners, for $1.12 billion.
The closing of the transaction, expected to be in January, is subject to customary closing conditions, including regulatory approval.
Morgan Stanley & Co. LLC acted as financial advisor to KKR. Fully committed financing will be provided by UBS Investment Bank, Morgan Stanley Senior Funding, Inc., and KKR Capital Markets, an affiliate of KKR, in the form of senior secured credit facilities. KKR Capital Markets also arranged financing in the form of senior unsecured notes with Crescent Capital Group.
Latham & Watkins LLP served as legal counsel to KKR.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
The closing of the transaction, expected to be in January, is subject to customary closing conditions, including regulatory approval.
Morgan Stanley & Co. LLC acted as financial advisor to KKR. Fully committed financing will be provided by UBS Investment Bank, Morgan Stanley Senior Funding, Inc., and KKR Capital Markets, an affiliate of KKR, in the form of senior secured credit facilities. KKR Capital Markets also arranged financing in the form of senior unsecured notes with Crescent Capital Group.
Latham & Watkins LLP served as legal counsel to KKR.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
You May Also Be Interested In
- UPDATE: Sprint (S) to Raise Offer for Clearwire (CLWR) - DJ
- Yahoo! (YHOO) to Acquire Tumblr in $1.1B Deal
- UPDATE: UBS Downgrades C.H. Robinson Worldwide (CHRW) to Neutral
Create E-mail Alert Related Categories
Hot M&A, Mergers and AcquisitionsRelated Entities
UBS, Morgan Stanley, Kohlberg Kravis Roberts
Login with Facebook
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
