KKR Stakes €100M To Italian Vending Machine Co.

Law360, New York (January 21, 2014, 1:32 PM EST) -- KKR & Co. LP is investing €100 million ($135 million) in capital in Italian vending machine company Gruppo Argenta which the company will use to pay down debt, the private equity firm said Tuesday.

The financing, a combination of debt and equity, will allow Argenta, one of the leading vending machine companies in Italy, to pay off lenders and increase its cash in preparation for future growth, KKR said. Argenta operates vending machines in about 88,000 locations across Italy with around 2 million consumptions per day,...
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