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M&A Deal Summary

KKR Acquires Ritchies

On August 26, 2021, private equity firm KKR acquired transportation company Ritchies

Acquisition Highlights
  • This is KKR’s 7th transaction in the Transportation sector.
  • This is KKR’s 4th transaction in New Zealand.

M&A Deal Summary
Date 2021-08-26
Target Ritchies
Sector Transportation
Buyer(s) KKR
Deal Type Buyout (LBO, MBO, MBI)
Advisor(s) Cameron Partners (Financial)

Target

Ritchies

Timaru, New Zealand
Ritchies is a transport provider, with a fleet of more than 1,600 vehicles and a network of 42 strategically located depots across the country. The Company provides the government, local councils, and private customers with reliable and accessible public transport solutions in some of New Zealand’s largest cities. Ritchies was founded in 1935 and is based in Timaru, New Zealand.

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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 267.0B 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 405 of 499
Sector: Transportation M&A 7 of 10
Type: Buyout (LBO, MBO, MBI) M&A Deals 58 of 71
Country: New Zealand M&A 4 of 4
Year: 2021 M&A 37 of 52
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-08-24 Arbor Pharmaceuticals

Atlanta, Georgia, United States

Arbor Pharmaceuticals is a specialty pharmaceutical company with a diversified portfolio of branded products across multiple therapeutic areas for the cardiovascular, pediatric, and hospital markets as well as generic products through its Wilshire division. Arbor Pharmaceuticals is based in Atlanta, Georgia.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-09-08 SoftwareONE

Stans, Switzerland

SoftwareONE is a provider of software portfolio management including software licensing, software asset management, technology consulting and cloud services to more than 12,000 corporate customers in 115 countries. SoftwareONE was formed in 1985 and is based in Stans, Switzerland.

Sell -
Mergr

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