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M&A Deal Summary

KKR Acquires Versatel AG

On July 26, 2011, private equity firm KKR acquired communications company Versatel AG for 560M EUR

Acquisition Highlights
  • This is KKR’s 4th transaction in the Communications sector.
  • This is KKR’s 86th largest (disclosed) transaction.
  • This is KKR’s 11th transaction in Germany.
Investment Fate
  • Versatel AG was sold to a publicly-traded strategic buyer in 2014 for 769M USD.

M&A Deal Summary
Date 2011-07-26
Target Versatel AG
Sector Communications
Buyer(s) KKR
Deal Type Going Private
Deal Value 560M EUR

Target

Versatel AG

Berlin, Germany
Versatel AG is a provider of infrastructure based telecommunications services in the German market.

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Buyer(S) 1

Buyer

KKR

New York, New York, United States

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 97 of 487
Sector (Communications) 4 of 20
Type (Going Private) 16 of 37
Country (Germany) 11 of 24
Year (2011) 9 of 18
Size (of disclosed) 86 of 104
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-07-18 T-Solar Global SA

Madrid, Spain

T-Solar Global SA is a generator of solar photovoltaic (PV) power to European clients. T-Solar Global was formed in 2006 and is based in Madrid, Spain.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-07-31 United Envirotech

The Alpha, Singapore

United Envirotech Ltd. is a membrane-based water and waste water treatment and recycling solutions provider in China's chemical, petrochemical and municipal sectors. Its principle activities include design, fabrication, installation and commissioning of water and waste water systems using its proprietary advanced membrane technologies such as the Membrane Bioreactor (MBR) technology. UEL has designed and built several of the largest industrial and municipal wastewater treatment plants in Asia using the MBR technology.

Buy -
Mergr

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