M&A Deal Summary

KKR Acquires Axel Springer

On January 23, 2020, private equity firm KKR acquired publishing company Axel Springer

Acquisition Highlights
  • This is KKR’s 2nd transaction in the Publishing sector.
  • This is KKR’s 20th transaction in Germany.

M&A Deal Summary
Date 2020-01-23
Target Axel Springer
Sector Publishing
Buyer(s) KKR
Deal Type Going Private

Target

Axel Springer

Berlin, Germany
Entrance to Axel Springer's corporate headquarters in Berlin.
Entrance to Axel Springer's corporate headquarters in Berlin.
Axel Springer is a publisher of newspapers and magazines. Axel Springer was founded in 1946 and is based in Berlin, Germany.

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Buyer(S) 1

Buyer

KKR

New York, New York, United States

Investor Investor Investor Investor Investor

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 332 of 483
Sector (Publishing) 2 of 3
Type (Going Private) 24 of 37
Country (Germany) 20 of 24
Year (2020) 4 of 41
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-01-17 Groundworks

Virginia Beach, Virginia, United States

Groundworks is a vertically integrated foundation services company that serves primarily the single-family residential market, providing a critical suite of services to homeowners that preserve home value, integrity, and safety, including foundation repair, basement waterproofing, crawl space repair and encapsulation, and concrete lifting. Groundworks is based in Virginia Beach, Virginia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-01-30 Policygenius

New York, New York, United States

Policygenius is an online insurance marketplace that helped more than 30 million people shop for all types of insurance like they shop for everything else online. Policygenius was founded in 2014 and is based in New York City.

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