KKR to sell 49.8 pct stake in Välinge

KIRKBI said Jan. 8 that it agreed to buy KKR’s 49.8 percent stake in Välinge. Financial terms weren’t announced. The founding Pervan family, via Pervanovo Invest AB, will maintain a majority stake of 50.2 percent. Välinge, of Viken, Sweden, is a developer of flooring technology. KKR is selling its stake in Välinge for $500 million and will make 2.5x its money in less than two years, the Financial Times said. KIRKBI is the Kirk Kristiansen family’s holding and investment company.

DealsNorth AmericaUSBriefs