KKR Buys $292M Stake In German Coffeemaker Co.

Law360, New York (July 06, 2012, 1:24 PM ET) -- KKR & Co. LP will buy a €238 million ($292 million) controlling stake in Wuerttembergische Metallwarenfabrik AG, seeking to grow the maker of industrial coffee machines and other kitchenwares into Asia, the private equity firm said Friday.

WMF, whose biggest business is its line of coffeemakers for hotels and other service industries, is poised to capitalize on coffee's growing global market share, said KKR, which has made a string of investments focused on new consumer classes in Asia.

KKR said it would buy a 52 percent...
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