KKR Acquires Majority Stake In Oil Services Co. Acteon

Law360, New York (October 1, 2012, 2:03 PM EDT) -- Private equity firm KKR & Co. LP agreed to buy a majority stake in privately held British oil and natural gas services company Acteon Group Ltd., Acteon said Monday, in a deal that reportedly values the company at more than $1 billion.

The firms did not disclose the size of KKR's stake or the financial terms of the deal, but The New York Times, citing an unnamed source with "direct knowledge" of the sale, said KKR's buy pegs Acteon at $1.3 billion to $1.4 billion. In...
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