KKR Injects $150M Into Fotolia With Hopes Of More In Loans

Law360, New York (May 16, 2012, 12:20 PM EDT) -- Private equity giant Kohlberg Kravis Roberts & Co. is funneling $150 million of its own cash into digital photo service provider Fotolia and looking to snag another $150 million in loans to help speed growth, the firm announced Wednesday.

KKR said it was working with various lenders to secure senior financing for the web-based company, and that it hoped to boost rapid growth of Fotolia, which is already a top provider in European markets.

Terms of the deal were not available, and representatives for KKR and...
To view the full article, register now.