Former Reporter

Global buyout firm Kohlberg Kravis Roberts has made almost three times its money on the sale of German telecoms company Versatel to a minority stakeholder, netting €517 million.

In a statement on Wednesday, KKR said it had agreed a deal to sell its 75% stake in Versatel to United Internet, three years after taking the company private.

KKR nets three times return from German telecom exit

Kohlberg Kravis Roberts is to sell its 75% stake in Versatel to United Internet, three years after taking the company private

Dan Dunkley

United Internet

Vodafone

Musical chairs at Citi, JPMorgan and HSBC: FN wealth this week

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Clifford Chance hires KKR director in London private equity drive

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Magic Circle firm boosts London private equity offering

Proskauer Rose hires Hogan Lovells private equity partner in London

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The hedge-fund founder is asking triple what he paid for the Bali-inspired Manalapan estate in 2017.

British Billionaire Chris Rokos Wants $150 Million for His Florida Mansion

The announcement comes as USS Investment Management said it won’t bid for the property firm.

KKR Floats $1.97 Billion Non-Binding Offer for London-Listed Assura

KKR Floats $1.97 Billion Non-Binding Offer for London-Listed Property Firm Assura

The U.S. private-equity firm said t decided not to begin a tender offer for the Japanese software company after consulting with Fuji Soft founder Hiroshi Nozawa.

Successful firms are increasingly split between behemoths with several business lines and those focusing on their roots of buying companies.

The New Survival Guide for Private Equity: Go Big or Get Back to Basics

The Chinese technology giant has begun tests to integrate homegrown startup DeepSeek’s AI model into its Weixin messaging app.

Tencent Shares Rise as App Launches DeepSeek Testing

Tencent Shares Hit More Than Three-Year High as App Launches DeepSeek Testing

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Financial News

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