An unknown buyer acquired German chain of Holiday Inn from The Goldman Sachs Group, Inc. (NYSE:GS) and Kohlberg Kravis Roberts & Co. (NYSE:KKR) on May 15, 2013. The senior debt was provided by a debt fund managed by M&G and mezzanine debt was provided by a mezzanine fund managed by DRC for the acquisition. The hotels will be operated by Fattal Hotels. SJ Berwin acted as a legal advisor to the buyer.

Kohlberg Kravis Roberts & Co. (NYSE:KKR) agreed to acquire South Staffordshire Plc from Alinda Infrastructure Fund I, L.P., managed by Alinda Capital Partners LLC on May 3, 2013. KKR won the bid to acquire South Staffordshire which was put up for sale by Alinda Capital Partners in March 2013. Evercore Partners Inc. (NYSE:EVR) acted as financial advisor and Martin Nelson-Jones, Richard Burrows, David Aitman, Alessandro Turati and Richard Ballard of Freshfields Bruckhaus ... Deringer acted as legal advisors to Alinda Capital Partners LLC. Brendan Moylan, Jenine Hulsmann, Michael Bates, Christopher Sullivan, Gavin Solomons, Navodi Karunatilake, Gregory Scott, Oliver Marcuse and Petra Carey of Clifford Chance LLP acted as legal advisors for Kohlberg Kravis Roberts.
Read More

China Mengniu Dairy Co. Ltd. (SEHK:2319) entered into sale and purchase agreement to acquire an additional 27% stake in a Modern Dairy Holdings Ltd. (SEHK:1117) from CDH Investments and Kohlberg Kravis Roberts & Co. (NYSE:KKR) for HKD 3.2 billion in cash on May 7, 2013. China Mengniu will acquire 984 million shares from Kohlberg Kravis and 312 million shares from CDH Investments for a price of approximately HKD 2.45 per share. The consideration will be paid as HKD 999.6 ... million on May 9, 2013 that is the first completion date and consideration of HKD 2.16 billion on or before May 22, 2013 which is the second completion date. The consideration of HKD 2.16 billion is base consideration plus an interest on such base consideration calculated at the rate of 3% per annum accrued from day to day and on the basis of the actual number of days elapsed and a year of 365 days for the period from the first completion date up to but excluding the second completion date. The consideration will be funded by a term facility and internal resources of China Mengniu Dairy. Post transaction, China Mengniu will hold 28.08% stake in Modern Dairy Holdings. The directors of China Mengniu believe that the terms of the agreement are fair and reasonable and in the interests of the shareholders. Citigroup, Inc. acted as financial advisor for Kohlberg Kravis Roberts.
Read More

Kohlberg Kravis Roberts & Co. (NYSE:KKR) signed a definitive agreement to acquire 65% stake in Groupe SMCP from Florac SAS, L Capital Management SAS, Judith Milgrom and Evelyne Chetrite for approximately €650 million on April 18, 2013. The management will retain the remaining 35% stake in Groupe SMCP. Groupe SMCP generated a turnover of €350 million. The agreement remains subject to regulatory approvals, approval from competition authorities and customary closing conditions. ... The transaction is expected to close in 2013. Laurent Baril of Rothschild & Cie Banque acted as financial advisor, Sébastien Prat, Florence Haas, Julie Vernier, Simon Lange, Yves Rutschmann, Jean-Florent Mandelbaum, Karine Sultan, Aurélien Jolly, Olivier Billard and Ning-Ly Seng of Bredin Prat & Associes, Alvaro Membrillera, Wim De Vlieger, Sam Taylor, Audrey Hage, Janeen Hayat, Ian Barratt, Nicholas Shaw, Lucy Jenkins, Till Lefranc, Fiona Swords, David Vann, Étienne Renaudeau, Meredith Jones and Sean Fitzgerald of Simpson Thacher & Bartlett LLP and Catherine Olive, Michel-Pierre Lanternier of Landwell acted as legal advisors, Deloitte Touche Tohmatsu acted as accountant, McKinsey, Roland Berger, Anne Beall acted as advisors, Michael Turner and Nina Suter of RLM Finsbury acted as public relations advisors to Kohlberg Kravis. J.P. Morgan & Cie S.A.S. and Leonardo & Co. SAS acted as financial advisors to Groupe SMCP. Frédéric Jannin and Eric Lesieur of Oloryn Partners, Séverin Brizay of J.P. Morgan & Cie S.A.S., Laurance Danon of Leonardo & Co. SAS, Edmond de Rothschild Corporate Finance acted as financial advisors, Jérôme Jouhanneaud of SJ Berwin, Michel Frieh of Frieh Bouhenic, Guillaume Isaultier and Cyrille Niedzielski, Niels Dejean, Anne-Sophie Maes, Françoise Even, Olivia Depret-Bixio, Frédéric Guilloux and Stéphanie Giquel-Gimenez of Shearman & Sterling LLP and Sophie Blegent-Delaphille of TAJ acted as legal advisors, Axel Rebaudières and Vincent Delmas of KPMG S.A. acted as accountants to Florac SAS, L Capital Management SAS, Judith Milgrom and Evelyne Chetrite. Jérôme Gertler, Sophie Blégent-Delapille of TAJ and Michel Frieh of DLA Piper US LLP acted as legal advisors to Florac SAS and L Capital Management SAS. Alain Maillot, Hugo Diener, Jean-Guillaume Meunier of Darrois Villey Maillot Brochier acted as legal advisors to management. senior debt was provided by Credit Suisse, Goldman Sachs. Currency conversions were made using www.oanda.com.
Read More

Kohlberg Kravis Roberts & Co. (NYSE:KKR) signed an agreement to acquire 90% stake in stake in Alliance Tire Group from Warburg Pincus LLC and Yogesh Mahansaria on April 12, 2013. The transaction will be funded from KKR's investment funds and will be supported by a financing tranche led by Crescent Mezzanine with additional participation by the Ivy High Income Fund. Yogesh Mahansaria, Founder of Alliance Tire Group, will continue to maintain an ownership stake in Alliance ... Tire Group. The deal is subject to customary closing conditions, including receipt of regulatory and third-party consents. Credit Suisse acted as financial advisor for Alliance Tire Group and Nine Rivers Capital acted as financial advisor for Yogesh Mahansaria. Barclays Bank PLC and JP Morgan acted as financial advisors for Kohlberg Kravis Roberts & Co. Vaishnavi Ramakrishnan and Mihir Mukherjee of Edelman India and Nicholas Worley of Hill+Knowlton Strategies Asia acted as public relation advisors for Kohlberg Kravis Roberts. Malini Roy of Citigate Dewe Rogerson acted as public relation advisor for Alliance Tire Group. Katie Sudol, Ian Ho, Stuart Orsak, Justin Wong, William Allen, Sinead O’Shea, Jackie Kahng, Xiaohui Lin, Andrea Wahlquist, Linda Barrett, Katharine Moir, Daniel Foster, David Vann, Étienne Renaudeau, Kenneth Ehrhard, Timothy Mulvihill, Marcela Robledo, Sharo Atmeh of Simpson Thacher & Bartlett LLP acted as legal advisors to Kohlberg Kravis Roberts. Darshika Kothari, Divya Mundra, Nohid Nooreyezdan and Abe Abraham of AZB & Partners acted as legal advisor for Kohlberg Kravis Roberts. Vandana Shroff and Allice George of Amarchand Mangaldas and Kirtee Kapoor, Simon Witty, Winnie Ling, John D. Paton, Alon Gurfinkel, Stephen M. Pepper, Rebecca Tracy Rotem, John T. Wright, Jessica Lutrin, and Hayden S. Baker of Davis Polk acted as legal advisor for Warburg Pincus and Alliance. Gaby Smeenk, Lennart Crain, Aleksander Ivarsson, Daniël van Gerven, Henk van Ravenhorst, Constantijn Voogt, Nick van Dijk, Angela van Breda, Paula Ravensbergen, Tijmen Klein Bronsvoort, Robert Steeg, Ferdinand Hengst and Angelique Groen-Boon of De Brauw Blackstone Westbroek N.V. acted as legal advisors to Kohlberg Kravis Roberts. Ernst & Young acted as financial and tax advisor to Kohlberg Kravis Roberts. Sjoerd Buijn of Stibbe acted as legal advisor to Warburg and Alliance.
Read More

Kohlberg Kravis Roberts & Co. (NYSE:KKR) agreed to acquire 49% stake in Cognita Schools, Ltd. from The Bregal Fund III L.P., managed by Bregal Capital LLP on April 3, 2013.

Temp Holdings Co., Ltd. (TSE:2181) signed a definitive agreement to acquire Intelligence Ltd from Kohlberg Kravis Roberts & Co. (NYSE:KKR), management and employees for ¥68 billion on March 25, 2013. Temp Holdings Co will acquire 23.64 million shares of Intelligence. The consideration will be paid as ¥51.5 billion of equity and ¥16.6 million as assumption of debt. Intelligence Ltd reported a turnover of ¥69.8 billion for the year through March 2012. Management and all ... the employees of Intelligence will join Temp Holdings. The deal is subject to customary closing conditions and approval by the Japan Fair Trade Committee. The transaction is expected to be closed in April 2013 or on a date to be agreed by Temp Holdings and KKR. David Sneider, Sayo Kondo and Noritaka Kumamoto (M&A); Sinead O’Shea and Makiko Harunari (Credit); and David Vann and Étienne Renaudeau (Antitrust) of Simpson Thacher & Bartlett LLP acted as legal advisors to Intelligence Holdings and KKR. Nagashima Ohno & Tsunematsu acted as legal advisor for Intelligence Holdings and Kohlberg Kravis Roberts & Co.
Read More

Kohlberg Kravis Roberts & Co. (NYSE:KKR) entered into a definitive merger agreement to acquire Gardner Denver Inc. (NYSE:GDI) from ValueAct Capital, LLC and others for $3.7 billion in cash on March 7, 2013. KKR will pay $76 for each outstanding share of Gardner Denver. The acquisition includes assumption of debt of Gardner Denver. Also, every option of Gardner Denver will be cancelled and the option holder would receive excess cash over the exercise price per share of ... Gardner Denver stock underlying such option. The transaction is funded through KKR's investment funds. UBS Securities LLC, Barclays, Citigroup, Deutsche Bank Securities Inc., RBC Capital Markets, Mizuho Corporate Bank, Ltd., and KKR Capital Markets have committed to provide a $1.8 billion senior secured term loan facility, a $525 million senior secured term loan facility available to be drawn in Euros, a $400 million senior secured revolving credit facility and up to $675 million unsecured bridge loan facility. KKR will provide an equity contribution of $1.16 billion for the transaction. If the agreement is terminated because Gardner Denver accepts a superior offer from a third party or the Board of Directors change their recommendation then Gardner Denver will be liable to pay a termination fees of $103.4 million. If the agreement is terminated because of KKR, then they are liable to pay termination fees of $263.1 million. The transaction is subject to approval from Gardner Denver’s majority shareholders, expiration or early termination of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, European Commission, approval by South Africa’s Competition Commission, approval by China’s Ministry of Commerce and expiration of the applicable waiting period pursuant to the China Anti-Monopoly Law, regulatory approvals and other customary closing conditions. The Board of Directors of Gardner Denver and Kohlberg Kravis Roberts unanimously approved the merger agreement and recommend that Gardner Denver shareholders vote in favor of the transaction. The transaction is not subject to a financing condition. The transaction is currently expected to close in the third quarter of 2013. Goldman, Sachs & Co acted as financial advisor to Gardner Denver. Stephen F. Arcano, Richard J. Grossman, Neil M. Leff and David M. Rievman of Skadden, Arps, Slate, Meagher & Flom LLP acted as legal advisors to Gardner Denver. UBS Securities LLC and Matt Pilon, Kris Terrill, Sanjiv Shah, and Alexander Somers of Simmons & Company International are acting as financial advisors to KKR and Andy Calder, Rhett Van Syoc, Jay Blackman, Sean Rodgers, John Kupiec, Erik Ping Wang, Matthew Gabbard, James Cross, Adam Shapiro, Nicole Tague, Richard Fenyes, Joe Tringali, David Vann, Michael Naughton, Ellen Frye, Etienne Renaudeau, Adeeb Fadil, Tim Mulvihill, Andrea Wahlquist, Patricia Adams, Krista McManus, Elisa Alcabes, Nancy Mehlman and Jodi Sackel of Simpson Thacher & Bartlett LLP is acted as legal advisors to KKR. Stephen Kotran and Matthew Goodman of Sullivan & Cromwell LLP acted as legal advisor for Goldman, Sachs & Co. Matthew Shermanm, Jennifer Beugelmans and Joseph Sala of Joele Frank, Wilkinson Brimmer Katcher acted as public relations advisors in the transaction.
Read More

Bertelsmann AG agreed to acquire remaining 51% stake in Bertelsmann Music Group GmbH from Kohlberg Kravis Roberts & Co. (NYSE:KKR) on March 1, 2013. The transaction will be financed by Bertelsmann AG’s cash reserves. Bertelsmann Music Group GmbH reported revenues of €200 million and EBITDA of €50 million in 2012. Bertelsmann AG will continue to develop Bertelsmann Music Group as a wholly owned subsidiary. BMG RIGHTS MANAGEMENT GmbH will operate as a fully-controlled ... unit of Bertelsmann led by its current Chief Executive Officer Hartwig Masuch. The transaction is subject to regulatory and antitrust approval and is expected to close during the first half of the 2013. Mark Pflug, Clare Gaskell, Tom Merrifield, Ian Barratt, Kate Sinclair, Chris Akinrele, David Vann, Michael Naughton, Étienne Renaudeau and Kenneth Ehrhard of Simpson Thacher & Bartlett LLP acted as legal advisors and Citigroup, Inc. (NYSE:C) acted as financial advisor for Kohlberg Kravis Roberts. JPMorgan Chase & Co. (NYSE:JPM) acted as financial advisor for Bertelsmann AG. Arend von Riegen and Peter Simon of Freshfields Bruckhaus Deringer LLP acted as legal advisors for Kohlberg Kravis Roberts.
Read More

KKR Global Infrastructure Investors I, L.P., fund of KKR Global Infrastructure Investors I, L.P. acquired three solar photovoltaic projects located in Sault Ste. Marie, Ontario from Starwood Energy Group Global, LLC on February 15, 2013. Operations and maintenance services for the three solar photovoltaic projects will continue to be provided by EDF Renewable Energy. Nautilus Solar Energy, a New Jersey-based solar company majority-owned by an investment affiliate of ... Starwood Energy, will continue to provide asset management services to the three solar photovoltaic projects. Andrew Smith, Daeyna Grant, Ken Wyman, Amy Beller and Nancy Mehlman of Simpson Thacher & Bartlett LLP acted as legal advisors for Kohlberg Kravis Roberts.
Read More

Sponsored Financial Commentaries

To contact KKR & CO LP, please visit . Company data is provided by Capital IQ. Please use this form to report any data issues.

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.