KKR Backs China Outfitters IPO With $60M Investment

Law360, New York (December 5, 2011, 1:29 PM EST) -- Kohlberg Kravis Roberts & Co. LP's China-focused investment fund, KKR China Growth Fund LP, has agreed to invest $60 million into Chinese menswear retailer China Outfitters Holdings Ltd. for its initial public offering, KKR announced Monday.

KKR is one of at least three private equity firms to back the fast-growing apparel manufacturing and sales company in its $145 million initial public offering on the Hong Kong Stock Exchange. Sequoia Capital China and Everbright Private Equity have also contributed to the IPO.

The investment will allow KKR...
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