KKR Puts Up $1.7B For Panasonic Health Care Unit

Law360, New York (September 27, 2013, 3:20 PM EDT) -- Private equity giant KKR & Co. LP confirmed Friday that it will fork over $1.67 billion for the health care unit of Panasonic Corp., marking the firm's largest Japanese investment and Asia's biggest buyout of the year.

Under the transaction's terms, New York-based KKR will make the initial payment to take full ownership of the operations, then allocate a 20 percent stake in the unit back to Panasonic by March. After that part of the deal closes, KKR will hold a controlling 80 percent interest in...
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