KKR Buys Versatel for $342M

Kohlberg Kravis Roberts & Co. paid 240 million euros ($342 million) for Versatel, Reuters reported. Major Versatel shareholders Apax Partners with 41.7 percent, Cyrte and United Internet, with about 25 percent each, agreed to sell their shares for 5.50 euros apiece. The deal is set to close in the third quarter.

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