KKR agrees to acquire majority stake in Selecta from ACP

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Go back to KKR agrees to acquire majority stake in Selecta from ACP

KKR & Co. (KKR) Will Take Majority Stake in Selecta Group

October 12, 2015 6:12 AM EDT

KKR & Co. (NYSE: KKR) announced the signing of a definitive agreement with Allianz Capital Partners (ACP) to acquire their majority stake in Selecta Group (Selecta). The transaction is subject to, among other things, the consent of Selectas bondholders.

Selecta is a leader in the European vending and coffee services market and geographically diversified across Europe with operations in 21 countries and a special focus on Switzerland, Sweden and France. The company operates more than 145,000 vending machines, employs approximately 4,500 people, and serves more than 6 million consumers daily. KKR has supported Selecta since 2014, when KKR Credit provided 220... More