Reuters – KKR Jumps into Leighton Auction

KKR & Co. has jumped into the auction for the fibre-optics business being sold by Australian contractor Leighton Holdings Ltd, a source familiar with the process told Reuters, eyeing a business that analysts say could fetch as much as A$870 million ($918 million). KKR's entry into the NextGen sale pits it against rival Providence Equity Partners and Australian telecommunications group TPG Telecom and underscores buyout firms' strong interest in one of Asia-Pacific's busiest private equity markets.

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