KKR Stays Hot In Asia With Chinese Appliance Co. Buy-In

Law360, New York (September 30, 2013, 11:48 AM EDT) -- KKR & Co. LP said Monday it will take a minority stake in multipurpose manufacturer Qingdao Haier Co. Ltd. in its latest Asia-focused play, marking one of the private equity titan's biggest Chinese buy-ins days after it notched a record Japanese investment.

In the deal, New York-based KKR will take a 10 percent stake in Qingdao, the maker of an array of products ranging from refrigerators to mobile phones, to kick off a collaborative and growth-oriented partnership. The firms did not name a purchase price, but...
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