KKR Enters Exclusive Negotiations With GBL for Webhelp Group
July 10 2019 - 3:29AM
Dow Jones News
By P.R. Venkat
U.S. private-equity firm KKR & Co. said it is in exclusive
talks to sell its majority stake in a business-process-outsourcing
company to Groupe Bruxelles Lambert, based on an enterprise value
of 2.40 billion euros ($2.69 billion).
KKR plans to complete the sale of U.K.-based Webhelp group by
the fourth quarter of this year, it said Wednesday.
KKR had acquired a majority stake in Webhelp in 2015. Webhelp
specializes in customer experience and payment services, in
addition to sales and marketing services across voice, social and
digital channels.
KKR has investments across sectors ranging from consumer to
healthcare and real estate. As of March 31, it had $199.5 billion
in assets under management. Belgium-based GBL is an investment
holding company with a portfolio value of EUR18.7 billion with
investments in companies such as Adidas AG and LafargeHolcim
Ltd.
Write to P.R. Venkat at venkat.pr@wsj.com
(END) Dow Jones Newswires
July 10, 2019 03:14 ET (07:14 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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