Simpson Thacher Reps KKR In Avoca Capital Buy

Law360, New York (October 18, 2013, 11:11 AM EDT) -- Private equity giant KKR & Co. LP said Friday that it will give its European credit portfolio a boost with the purchase of Avoca Capital, a firm with €6 billion ($8.2 billion) in assets under management and a diverse investment cache.

When the deal closes, expected in early next year, New York-based KKR will have roughly $11 billion in European credit assets — an area of focus for the investment firm in recent years. Since 2011, KKR has poured $2 billion into European credit-focused businesses, primarily...
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