Private Equity Deals & Transactions

KKR to acquire debt affiliate

Publicly traded specialty finance company KKR Financial Holdings is already managed externally by KKR.

By
Sam Sutton
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Publicly traded specialty finance company KKR Financial Holdings is already managed externally by KKR.

Kohlberg Kravis Roberts (KKR) and KKR Financial Holdings (KFN) have entered into a definitive merger agreement in which KKR will acquire KFN for $2.6 billion.

KFN, which is publicly traded on the New York Stock Exchange, is a specialty finance company that is already externally managed externally by KKR. KKR will acquire the company through its balance sheet for an implied per-share price of $12.79, a 35 percent premium over KFN’s $9.45 close Monday, according to DealBook.

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