Investment Summary

KKR Invests In Magic Leap

On February 2, 2016, private equity firm KKR invested in technology hardware company Magic Leap

Investment Highlights
  • This is KKR’s 3rd transaction in the Technology Hardware sector.
  • This is KKR’s 82nd transaction in the United States.
  • This is KKR’s 2nd transaction in Florida.

Investment Summary
Date 2016-02-02
Target Magic Leap
Sector Technology Hardware
Investor(s) KKR
Deal Type Venture

Target

Magic Leap

Plantation, Florida, United States
website
Magic Leap's corporate headquarters in Plantation, Florida.
Magic Leap's corporate headquarters in Plantation, Florida.
Magic Leap is a developer of augmented reality devices and ecosystems. Magic Leap was founded in 2011 and is based in Plantation, Florida.

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Investor(S) 1

Investor

KKR

New York, New York, United States

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 1976
PE ASSETS 510.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION
KKR's office in Menlo Park, California.
KKR's office in Menlo Park, California.

KKR is a global investment firm founded by Jerome Kohlberg, Henry Kravis, and George Roberts. The Firm is separated into several business segments including private markets, public markets, capital markets, and other principal activities. KKR's private equity practice invests in management buyouts, take privates, corporate divestitures, industry consolidations, and partnerships with family-owned companies. KKR will invest in a broad range of industries and companies and will consider businesses throughout North America, Europe, Asia, and Australia/New Zealand. Sectors of interest include chemicals, consumer products, energy and natural resources, financial services, healthcare, industrial, media/communications, retail, and technology. In addition to its traditional principal investment activity business, KKR also invests in infrastructure assets. KKR was formed in 1976 and is based in New York, New York.

DEAL STATS #
Overall 198 of 428
Sector (Technology Hardware) 3 of 6
Type (Venture) 14 of 35
State (Florida) 2 of 5
Country (United States) 82 of 189
Year (2016) 6 of 24
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-02-02 OutSystems

Boston, Massachusetts, United States

OutSystems provides a platform that enables enterprise customers to rapidly develop software applications in a “low code” environment using a visual, model-based approach, instead of traditional programming methods. OutSystems was founded in 2001 and is based in Boston, Massachusetts.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-02-09 Välinge Innovation Sweden AB

263 65, Sweden

Välinge Innovation Sweden AB is an R&D and IP company with particular strength in wood based technologies and the flooring and furniture industries. Founded in 1993, Välinge pioneered the concept of floating click floors and today, over 1bn m2 of flooring is sold with click systems every year, reducing the time and effort needed for floor installation as well as easing the environmental burden of the hundreds of millions liters of glue used for installations in the past.

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