KKR To Pay $2.6B For Specialty Finance Affiliate

Law360, New York (December 16, 2013, 8:52 PM EST) -- New York-based investment firm KKR & Co. LP plans to acquire specialty finance company KKR Financial Holdings LLC, which it established nine years ago, in an all-stock deal that valued the target company at $2.6 billion, according to a joint announcement Monday from the firms.

KKR said the transaction, expected to be completed within the first half of next year, would immediately drive up its earnings and provide it with additional capital to expand its investments in real estate, energy and other areas. The deal also...
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