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KKR - KKR & Co Inc News Story

$58.72 1.0  1.8%

Last Trade - 07/05/21

Sector
Financials
Size
Large Cap
Market Cap £24.30bn
Enterprise Value £65.59bn
Revenue £7.20bn
Position in Universe 385th / 6858

UPDATE 1-KKR to buy IT services firm Ensono

Wed 14th April, 2021 12:24pm
(Adds details, background)
    April 14 (Reuters) - Private-equity giant KKR & Co Inc
 KKR.N  said on Wednesday it would buy information technology
services provider Ensono from Charlesbank Capital Partners and
M/C Partners.
    The financial terms of the deal were not disclosed.
 urn:newsml:reuters.com:*:nPn3JZwMja
    Reuters had reported on Tuesday that KKR would buy Ensono 
for around $1.7 billion, including debt, according to people
familiar with the matter. urn:newsml:reuters.com:*:nL1N2M40BK
    Illinois-based Ensono provides cloud infrastructure services
to businesses and government agencies. It hosts servers,
databases and mainframe operations, counting Sonoco Products Co
 SON.N , Travelodge and the U.S. state of Kansas as its clients.
    The company, which has benefited from the accelerating
digital transformation demands from corporations during the
COVID-19 pandemic, had acquired UK-based cloud-native
consultancy Amido earlier this month to strengthen its global
offerings.
    KKR said it was making the investment primarily from its
Americas XII Fund. The transaction is expected to close within
the next 60 days.
    UBS Investment Bank and Guggenheim Securities are serving as
the financial advisers to Ensono, while Morgan Stanley & Co and
RBC Capital Markets are advising KKR.
    
    
    
    
    

 (Reporting by Chavi Mehta in Bengaluru;
Editing by Vinay Dwivedi)
 ((Chavi.Mehta@thomsonreuters.com;))
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