CPPIB to invest in PE acquisition of Groupon's Ticket Monster
A partnership led by private equity firms Anchor Equity Partners and Kohlberg Kravis Roberts & Co (KKR) have agreed to buy a controlling interest in South Korean mobile commerce company Ticket Monster Inc from Groupon Inc (Nasdaq: GRPN) for US$360 million. Anchor and KKR will hold equal stakes in the company, while the Canada Pension Plan Investment Board (CPPIB) and others will also participate as investors. The deal, which is expected to close in the second quarter, will see Anchor and KKR inject new capital into Ticket Monster to fund its future growth opportunities.
21 April 2015•7 mins read
