KKR & Co. (KKR) Exits Intelligence Holdings Stake with Profit in Hand
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KKR & Co. (NYSE: KKR) is flat in early trading following news it plans to take some profits in one of its Japanese holdings.
Reuters reports that KKR will look to sell Intelligence Holdings to Temp Holdings in a deal valued at 68¥ billion (about $721 million). The amount is up from the 35¥ billion purchase price KKR paid in 2010.
Value on Intelligence Holdings is 51¥ billion, from 32.5¥ billion at the time KKR purchased the firm.
Reuters noted that Japan has played an increasing role in total returns for private equity firms. In Asia, Japan accounted for about 17 percent of capital return to private equity investors in 2012, up from 11 percent in 2010.
Reuters reports that KKR will look to sell Intelligence Holdings to Temp Holdings in a deal valued at 68¥ billion (about $721 million). The amount is up from the 35¥ billion purchase price KKR paid in 2010.
Value on Intelligence Holdings is 51¥ billion, from 32.5¥ billion at the time KKR purchased the firm.
Reuters noted that Japan has played an increasing role in total returns for private equity firms. In Asia, Japan accounted for about 17 percent of capital return to private equity investors in 2012, up from 11 percent in 2010.
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