KKR Provides Global Accounts Receivable Facility To Weber LLC

KKR

NEW YORK–(BUSINESS WIRE)– KKR today announced that its private credit funds and accounts have provided a non-recourse accounts receivable financing for Weber LLC (“Weber”), the global leader in outdoor cooking products, innovation, and technology, to support the company’s operations and strategic investments in long-term growth. The initial $200 million facility is collateralized by certain accounts receivables of Weber in the U.S. and international markets, with subsequent closes of up to $100 million across European markets expected in the first half of 2024. KKR Capital Markets acted as lead arranger and sole bookrunner.

About KKR

KKR is a leading global investment firm that offers alternative asset management as well as capital markets and insurance solutions. KKR aims to generate attractive investment returns by following a patient and disciplined investment approach, employing world-class people, and supporting growth in its portfolio companies and communities. KKR sponsors investment funds that invest in private equity, credit and real assets and has strategic partners that manage hedge funds. KKR’s insurance subsidiaries offer retirement, life and reinsurance products under the management of Global Atlantic Financial Group. References to KKR’s investments may include the activities of its sponsored funds and insurance subsidiaries. For additional information about KKR & Co. Inc. (NYSE: KKR), please visit KKR’s website at www.kkr.com. For additional information about Global Atlantic Financial Group, please visit Global Atlantic Financial Group’s website at www.globalatlantic.com.

KKR
Miles Radcliffe-Trenner or Julia Kosygina
+1 212-750-8300
Media@kkr.com

Source: KKR

 

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Knitwell Group adds Chico’S, White House Black Market and Soma

Sycamore

Company is now a $6 billion Powerhouse in the Women’s Specialty Retail Apparel Space

NEW YORK, Jan. 5, 2024 /PRNewswire/ — KnitWell Group (“KnitWell”), a company comprising industry-leading apparel brands Ann Taylor, LOFT, and Talbots, today announced it has added Chico’s, White House Black Market and Soma to its portfolio. KnitWell also provides oversight and shared services to Lane Bryant, a leading plus-size women’s apparel brand. This combination follows the sale of Chico’s FAS to Sycamore Partners, a leading private equity firm specializing in consumer, distribution, and retail-related investments.

NEW YORK, Jan. 5, 2024 /PRNewswire/ — KnitWell Group (“KnitWell”), a company comprising industry-leading apparel brands Ann Taylor, LOFT, and Talbots, today announced it has added Chico’s, White House Black Market and Soma to its portfolio. KnitWell also provides oversight and shared services to Lane Bryant, a leading plus-size women’s apparel brand. This combination follows the sale of Chico’s FAS to Sycamore Partners, a leading private equity firm specializing in consumer, distribution, and retail-related investments.

“KnitWell is a best-in-class operating enterprise in the world of vertical specialty retail, comprising some of America’s most iconic brands, committed to instilling confidence in the women they serve,” said Lizanne Kindler, Executive Chair and Chief Executive Officer of KnitWell Group. “Chico’s, White House Black Market and Soma fit perfectly into the portfolio as established and inspiring brands that generate sustainable, high-quality results. We are thrilled to welcome these brands, their more than 14,000 associates and their customers to the KnitWell family.”

With the addition of Chico’s, White House Black Market and Soma, KnitWell’s brands generate approximately $6 billion in annual sales, further solidifying its position as one of the largest specialty apparel companies in the United States.

Adds Ms. Kindler, “There is so much opportunity that comes with being part of this larger family of brands in terms of sharing best practices, innovation, and an incredible runway for growth and development, as well as efficiencies and leverage that come from size and scale with eight of the best retail apparel brands in the country. This is a great day and we cannot wait to get started.”

Contacts

Sycamore Partners

Michael Freitag or Lyle Weston
Joele Frank, Wilkinson Brimmer Katcher
212-355-4449
media@sycamorepartners.com

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7NXT acquires wellbeing app 7Mind to create the leading platform for physical and mental fitness

Oakley

Oakley Capital, the leading pan-European private equity investor, is pleased to announce that portfolio company 7NXT, which owns and operates fitness platform Gymondo, is acquiring 7Mind to create an all-encompassing consumer digital platform for physical and mental fitness and wellbeing with >650,000 paying subscribers.

Gymondo is the leading D2C online fitness platform in the DACH region, offering high-quality workout videos, customised fitness programmes and personalised nutrition plans to more than 500,000 paying subscribers.

Oakley invested in the business in 2020, partnering with founder and CEO Markan Karajica to accelerate Gymondo’s growth in the online fitness market.

7 Mind

Headquartered in Berlin, 7Mind is a leading player in the German digital healthcare sector with a focus on promoting digital mental wellbeing and offering mindfulness and meditation content to its c.150,000 subscribers.

The business caters to both individual users (B2C) as well as corporates (B2B), collaborating closely with health insurers. Founded in 2015, 7Mind has expanded quickly, generating double-digit revenue growth and strong margins between 2020-2022.

Adding 7Mind will enable 7NXT to expand its product offering to include mindfulness and meditation content, providing users an all-encompassing mental and physical health and wellbeing solution, while also diversifying its customer base. The combined business will create an expanded platform with the critical mass to participate in further M&A opportunities in a wellness market that is expanding in DACH as well as internationally.

Quote Markan Karajica

This is a transformational deal for 7NXT and Gymondo, which will help to diversify our business, increasing our B2B customer base while adding valuable mindfulness content for our existing and new customers. It’s a win-win combination and we are pleased to welcome 7Mind on our journey to build an international market leader for physical and mental wellbeing.

Markan Karajica

Founder & CEO — Gymondo

Quote Peter Dubens

Markan and his team have successfully leveraged the power of social media and influencers to build a powerful online fitness brand. Adding 7Mind will transform Gymondo into one of the leading one-stop-shops for fitness and wellbeing, catering to consumers and corporates alike. It also demonstrates Oakley’s ability to nurture digital-first businesses as well as support portfolio companies with strategic acquisitions.

Peter Dubens

Founder and Managing Partner — Oakley Capital

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Yellow Wood Partners Announces Acquisition of Elida Beauty from Unilever

Yellow Wood Partners

Fourth brand carve-out over four years adds Q-tips®, Impulse, Caress, Tigi, Timotei, Monsavon, Brut, and Alberto Balsam to Yellow Wood Portfolio

BOSTON, Dec. 18, 2023 — Yellow Wood Partners LLC (“Yellow Wood”), a Boston-based private equity firm focused on investing in consumer brands and companies, today announced a binding offer to acquire Elida Beauty, a portfolio of brands from Unilever (NYSE: UL). The Elida Beauty portfolio includes Unilever brands Q-tips®, Impulse, Caress, Tigi, Timotei, Monsavon, Brut, Moussel, Alberto Balsam, and VO5.

Tad Yanagi, Partner at Yellow Wood Partners, commented, “We are excited to work with Unilever’s Elida Beauty team on the carve out and lead these brands into their next phase of growth and expansion. Consumers around the world love these brands as they are an important part of their daily lives. We believe the Elida Beauty brands will flourish in the Yellow Wood operating model where our teams will work to build and enhance growth and accessibility of this new platform.  Our prior relationship with the Unilever team helped us understand the potential of Elida Beauty.”

Dana Schmaltz, Yellow Wood Partner, added, “We look forward to completing another successful transaction with Unilever to acquire these great consumer brands. Our partnership with Unilever continues to grow and we are excited to bring such fantastic brands as Q-tips®, Caress, and VO5 among others into the Yellow Wood portfolio. Our team has become adept at leading complex corporate carve-outs and creating the critical functions required of an independent company to implement strategies to achieve long-term growth. This will be our fourth brand carve out from a major CPG company over the last four years, and we look forward to continuing our differentiated strategy to acquire other brands in the future.”

Yellow Wood’s diverse portfolio of consumer brands includes The Suave Brands Company; leading global footcare brand Dr. Scholl’s and Scholl International; Beacon Wellness Brands, led by its anchor brand PlusOne®, the #1 sexual wellness device brand; beauty brands Real Techniques and EcoTools; self-tanning brands Isle of Paradise, Tanologist and TanLuxe; and skincare brands Byoma and Freeman Beauty.

The transaction is expected to be completed by mid-2024 upon completion of customary closing and regulatory approvals.

About Elida Beauty

Elida Beauty was formed in 2021 and its original beauty and personal care brands included Q-tips, Tigi, Caress, Timotei, Impulse, Monsavon, others (Fissan, Williams, Noxzema, Brylcreem, V05, Lever 2000, Badedas, Matey). In 2022, it became a formalised Global Business Unit within Unilever Personal Care and more brands were added: Alberto Balsam, Brut, Pond’s (for North American and Europe only), and St. Ives (for North American and Europe only). The transaction perimeter excludes the Pond’s and St. Ives brands sold beyond North America and Europe which will remain in Unilever’s Beauty & Wellbeing brand portfolio.

About Yellow Wood Partners

Yellow Wood Partners is a Boston-based private investment firm that invests exclusively in the consumer industry in the middle market. The firm seeks to acquire branded consumer products that sell into a variety of consumer channels, including mass, drug, food, specialty, value, club and e-commerce. Yellow Wood’s Consumer Operating DNA investment and operating strategy is based on utilizing the firm’s functional operating resources to help maximize brand performance by driving organic growth to increase operating efficiencies. The firm further seeks to acquire additional brands to accelerate growth in its limited number of platform companies. For more information, please visit www.yellowwoodpartners.com.

Contact:
Chris Tofalli
Chris Tofalli Public Relations, LLC
chris@tofallipr.com
914-834-4334

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CarNow Appoints New Chief Revenue Officer Will Farmer

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Battery Ventures

Industry veteran to drive revenue growth across all channels 

ATLANTA, December 12, 2023 – CarNow, the leading automotive digital retailing company, announced today Will Farmer as its Chief Revenue Officer (CRO). In this role, Farmer will be responsible for overseeing revenue growth across field sales, national sales, and independent sales with a focus on delivering exceptional value to customers and driving impactful results for CarNow’s extensive dealer network. 

“My focus is to lead efforts in delivering recurring impact to our customers and make it easier for our dealers to do business with CarNow,” said Farmer. “We’ll build on the customer-centric approach throughout the entire organization, seeking to improve efficiencies in the sales process while enhancing and expanding our offerings.” 

Farmer brings a wealth of experience and a demonstrated history of success as a senior sales and operational leader across diverse industries, including automotive, mobile technology, telecommunications, real estate, and auctions. Throughout his career, Farmer has consistently fueled growth by developing and leading motivated high-performance teams, transforming underperforming organizations, and expanding market footprints. 

“Will’s impressive track record and dynamic leadership style, honed across diverse industries, perfectly align with our commitment to driving innovation and exceeding expectations for our customers,” said Kanye Grau, CEO at CarNow. “Will brings a unique blend of strategic insight and operational prowess, and we’re excited to leverage his disruptive mindset to elevate our revenue streams, foster customer-centric approaches, and solidify CarNow’s position as an industry trailblazer.” 

Farmer’s career includes previous senior leadership roles in sales and revenue operations at Traxero, BacklotCars, TradeRev, and ADESA. He holds an MBA from Virginia Tech and a Bachelor of Business Administration from Roanoke College, where he sits on the Board of Directors for The Management Institute. Farmer also volunteers as a fundraising auctioneer for various community organizations, including Global Camps Africa, American Heart Association, Children’s Miracle Network, and The Spot on Kirk. 

To learn more about CarNow’s technology, visit www.carnow.com. 

About CarNow 

CarNow is a market leader in automotive digital retail solutions. Providing frictionless, real-time enterprise software solutions, CarNow enhances online engagement and streamlines communication between dealers and consumers. CarNow’s solutions empower dealers to seamlessly manage the entire car-buying journey and provide shoppers with enhanced digital retailing, messaging, and virtual showroom services. With 5,000 dealership customers and more than twenty manufacturer certifications, CarNow is one of the fastest-growing companies in automotive. CarNow is headquartered in Atlanta, Georgia. Learn more at www.carnow.com. 

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Partners Group to acquire Velvet CARE, one of the leading European manufacturers of hygiene paper products

Partners Group

Baar-Zug, Switzerland; 11 December 2023

  • Velvet CARE has 850 employees and generated EUR 277 million in revenues in 2022
  • The Company is a fully integrated manufacturer currently operating two production sites
  • Partners Group’s value creation plan will focus on international expansion

Partners Group, a leading global private markets firm, acting on behalf of its clients, has agreed to acquire Velvet CARE (or “the Company”), one of the leading European manufacturers of hygiene paper products, from Abris Capital Partners.

Headquartered in Klucze, Poland, Velvet CARE is one of the largest independent manufacturers of branded and private-label hygiene paper products, including toilet paper, paper towels, paper tissues, and moist toilet paper, in Central and Eastern Europe. Velvet CARE is a vertically integrated manufacturer currently operating two production sites that cover the full process of hygiene paper production. Finished branded and private-label products are sold to supermarkets, discounters, wholesalers, and other retailers. The Company has 850 employees and generated EUR 277 million in revenues in 2022, with its largest markets including Poland, the Czech Republic, and Germany. Velvet CARE, which owns Velvet, one of the leading hygiene paper brands in Poland, has a long track record of innovation and continues to develop new products in a variety of sizes, textures, fragrances, and decorative patterns.

The hygiene paper market is characterized by stable demand through economic cycles. Velvet CARE’s ability to offer products across different price ranges, through premium branded products and private-label ones, allows it to address short- and long-term changes in purchasing patterns. Partners Group will work with management to build on the Company’s strong position and drive growth. Key value creation initiatives will include expanding international reach; broadening the product portfolio with a focus on high-growth categories; and making targeted acquisitions.

Ralph Schuck, Managing Director, Private Equity Goods & Products Industry Vertical, Partners Group, says: “Velvet CARE has a diversified product portfolio and a strong market position in its core markets. The Company differentiates itself through its superior production capabilities, best-in-class technology, and deep relationships with retailers across multiple countries. We see Velvet CARE as a platform for further growth in Europe and look forward to working with the management team on our transformational value creation plan.”

Artur Pielak, Chief Executive Officer, Velvet CARE, comments: “At Velvet CARE, our mission is to provide the highest quality hygiene paper products to consumers whilst also creating value within local communities. With that in mind, we have designed sustainable processes, which use renewable materials and reuse water, as we continue to search for new levers to add value in a sustainable manner. We strongly believe Partners Group’s global reach, financial resources, and operational experience make it the right growth partner as we look ahead to our next chapter.”

Milorad Andelic, Member of Management, Private Equity Goods & Products Industry Vertical, Partners Group, adds: “Velvet CARE’s extensive offering of staple products give the Company resilience and cash flow stability during macroeconomic slowdowns. At the same time, Velvet CARE’s markets have strong, long-term tailwinds, with rising incomes driving demand for both premium and value products. Our value creation plan will focus on strengthening the Company’s existing position while continuing to expand into other major European markets.”

Velvet CARE was established in 2013 but its origins date to 1897. The Company received B Corp Certification, the globally recognized accreditation for businesses that demonstrate the highest standards of social and environmental performance, transparency, and accountability, in 2023.

Completion of the transaction is subject to customary regulatory approvals.

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Polaris Invests in AwardIt

Polaris

Polaris has through PPE V acquired a 24.1% stake in Awardit AB, which is listed on First North Stockholm. Awardit helps businesses increase revenue and profitability by implementing and operating loyalty programs, incentive programs and gift card programs targeting B2B and B2C customers. The company was established in 1999 and has successfully expanded its operations to today’s presence in more than 6 countries with around 300 employees.

Please see the following press release:

English

For more information, please contact:

Roger Hagborg, Partner
Phone: +46 70 6678515
Mail: rha@polarisequity.dk

Jan Johan Kühl, Managing Partner
Phone: +45 35 263574
Mail: jjk@polarisequity.dk

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Kohler Expands Wellness Portfolio with Acquisition of KLAFS from Egeria Group

Egeria

KOHLER, Wis. – December 4, 2023 – Global kitchen and bath leader Kohler has entered into a definitive agreement to acquire KLAFS – a market-leading manufacturer of saunas, steam rooms, and other hydrothermal features – from the Egeria Group.

The agreement was signed on Dec. 1, and is still subject to customary closing conditions. Final closing is expected in the first quarter of 2024. Financial details of the transaction are not being disclosed.

KLAFS CEO Phillip Rock and CFO Jens Friedrich will continue in their leadership roles, and the company will join Kohler’s Luxury Brands division with other high-design brands including ANN SACKS, KALLISTA, Robern, and Kast Concrete Basins.

Headquartered in Schwäbisch Hall, Germany, KLAFS develops, designs, manufactures, and sells innovative premium wellness products designed to enhance personal spa experiences including saunas, sanariums, infrared cabins, steam baths, pools, and related wellness equipment and accessories. In addition, the company provides consultation and planning services. KLAFS sells its products through a vast direct-to-consumer showroom network that primarily spans across Europe to both residential and commercial (incl. hotels, fitness centers, day spas, etc.) clients.

KLAFS employs 850 associates across locations in Germany, Switzerland, Austria, Poland, Netherlands, U.K., Spain, and Mexico.

“As a privately held, global company celebrating our 150th anniversary, Kohler has always embraced a relentless pursuit of providing exceptional products, services, and experiences for our customers,” said David Kohler, Chair and CEO of Kohler Co., who represents the fourth generation of Kohler family leadership. “KLAFS is an international market leader with a stellar reputation that shares our passion for innovation and delighting customers. We look forward to welcoming the KLAFS organization to Kohler and, together, driving continued growth in sauna and spa solutions.”

Hannes Rumer, Partner and Managing Director at EGERIA in Munich: “Over the last years we have worked with CEO Phillip Rock and the entire team at KLAFS on transforming the company from a strong player in Germany, Austria, and Switzerland to a pan-European market leader for premium sauna, spa, and wellness products. It has been a great entrepreneurial team-up and we are especially proud of the successful roll-out of KLAFS’ exciting product portfolio in Northern and Western Europe, both organically and through several acquisitions. Kohler is the ideal partner to maintain the high-end positioning of the brand.”

Phillip Rock, CEO of KLAFS: “With their commitment and dedication, our employees have made KLAFS a globally recognized brand. With Kohler behind us, we will open new doors and take our success story to a new level.”

Houlihan Lokey (M&A), Menold Bezler (Legal), and RSM Ebner Stolz (Financial & Tax) are advising Egeria. Eversheds Sutherland (Legal) and Deloitte (Financial, Tax & HR) are advising Kohler.

About Kohler Co.
Founded in 1873 and headquartered in Kohler, Wisconsin, Kohler Co. is one of America’s oldest and largest privately held companies comprised of more than 40,000 associates. With more than 60 manufacturing locations worldwide, Kohler is a global leader in the design, innovation and manufacture of kitchen and bath products; luxury cabinetry, tile and lighting; engines, generators, and clean energy solutions; and owner/operator of two, five-star hospitality and golf resort destinations in Kohler, Wisconsin, and St. Andrews, Scotland. Kohler’s Whistling Straits golf course hosted the 43rd Ryder Cup in 2021. The company also develops solutions to address pressing issues, such as clean water and sanitation, for underserved communities around the world to enhance the quality of life for current and future generations. For more details, please visit kohlercompany.com.

About KLAFS
KLAFS has been creating places of relaxation for body and soul since 1928. Time and again, the company manages to surprise with groundbreaking innovations – such as the space-saving sauna KLAFS S1, which transforms from the size of a wall cabinet to a fully functional sauna within 20 seconds at the push of a button. Thanks to this innovative strength, KLAFS advanced from what was once a small family business to a global industry leader. Today, more than 850 employees work to meet – and exceed – the ever-increasing demands of customers. From small private sauna rooms to luxurious hotel spas. And they do this all over the world, with expert advice from carefully trained technical consultants and on-site service from experienced teams. As a trendsetter in the sauna, pool and spa industry, KLAFS continuously invests in research and development, for example to further increase the energy efficiency of its products.

About EGERIA
Egeria is an independent pan-European investment company founded in 1997, which focuses on medium-sized companies. Egeria invests in healthy companies with an enterprise value between EUR 50 million and EUR 350 million. Egeria believes in building great businesses together with entrepreneurial management teams (Boldly Building Together). Egeria Private Equity Funds hold investments in 16 companies, Egeria Evergreen has investments in 7 companies. Egeria’s portfolio companies have a combined turnover of c. EUR 2.5 billion and employ close to 13,000 people. Other activities are Egeria Real Estate Investments and Egeria Real Estate Development. In 2018, Egeria has launched EgeriaDO, a corporate giving program sponsoring projects in the fields of the arts, culture, and social objectives.

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Torqx Capital Partners declares offer for Beter Bed Holding unconditional; 95.14% of Shares now tendered or committed

Torqx Capital

Torqx declares the public offer on Beter Bed Holding unconditional per 29 November 2023; in total 95.14% of the Shares are offered or committed, of which 44.33% of the shares are irrevocably committed by the co-investors.

Settlement of the Offer will take place on Friday 1 December 2023. Payment of the Offer Price for each Tendered and Delivered Share shall be made on the same date. Shares which are not tendered yet can be tendered during the Post-Acceptance Period, commencing on 30 November 2023 and ending on 6 December 2023.

Information about the offer and how you can tender your shares can be found at:  www.beterbedholding.com/public-offer/.

For further information, see also the press release about the offer being declared unconditional:

Link to press release

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KKR Supports InVivo In The Global Expansion Of Malteries Soufflet

KKR

KKR continues to scale its strategic partnership with InVivo and Malteries Soufflet by more than doubling its investment as Malteries Soufflet acquires United Malt, creating the world’s largest maltster

Paris, 15 November, 2023 – KKR, a leading global investment firm, announces today that it has supported Malteries Soufflet in the funding and execution of the AUD 1.5 billion acquisition of United Malt Group Limited (“United Malt”), the fourth largest maltster globally. Funds and accounts managed by KKR have invested alongside InVivo Group, a leading French agricultural and agri-food business, which acquired Malteries Soufflet in 2021.

InVivo welcomed KKR, Bpifrance and Crédit Agricole Group as strategic partners in December 2021, with an initial investment of €440m to help fund the acquisition of Malteries Soufflet, backing a strategy to accelerate growth and strengthen its global leading position. To fund the United Malt acquisition, KKR, with participation from Bpifrance and Crédit Agricole Group, led a combined follow-on investment of €550m.

Founded in 1823, United Malt operates 11 production plants across North America, Europe and Asia Pacific, supplying malting-quality barley to micro brewers and distillers, as well as traditional major brewers. United Malt has now been delisted from the Australian Securities Exchange (ASX) as part of this transaction, and is now a wholly-owned subsidiary of Malteries Soufflet, which becomes the largest global malt player by sales and production capacity, with 40 production plants in 20 countries, and with an annual production capacity of 3.7m tons of malt; a 50% increase for Malteries Soufflet.

The acquisition brings together two complementary customer bases and geographic footprints, creating a unique global industrial network with the largest production capacity in North America and Europe and leading capabilities in the fast-growing Asia Pacific and South American markets. The combination of the two businesses enables exposure to all key-malt end-markets, making it ideally positioned to capture growing demand from both international brewers, as well as the growing craft beers and distillery markets.

Thierry Blandinières, Chairman of Malteries Soufflet and CEO of InVivo Group, commented: “I am thrilled that we have completed the acquisition of United Malt Group, together with our strategic partners, KKR, Bpifrance and Crédit Agricole Group. This illustrates InVivo Group’s commitment to making malt one of the central pillars of our business by strengthening the position of Malteries Soufflet as a world leader in the sector. Malteries Soufflet is now well on track to accelerate its growth, to expand its presence in the high value-added craft beer market and to build a more sustainable and innovative global platform to supply brewers, both craft and industrial, and distillers throughout the world. We look forward to welcoming our new colleagues from United Malt Group into the Malteries Soufflet family, and to writing together a new chapter in the company’s history.”

Jérôme Nommé, Partner and Head of France at KKR, said: “This combination of two world class businesses is a transformative milestone in our strategic partnership with French agriculture champion InVivo, as we help it to accelerate growth on a global scale. KKR’s significant reinvestment into Malteries Soufflet demonstrates our continued conviction in its future growth potential, in the resilience of the industry, and in the strength of the management team under the expert leadership of Thierry Blandinières. We look forward to the continued strategic partnership, as well as the ongoing support from Bpifrance and Crédit Agricole, as we seek to further scale the business organically and by acquisition in the years to come.”

Blaine MacDougald, Partner and Co-Head of KKR’s Strategic Investments Group, added: “The acquisition of United Malt by Malteries Soufflet is a great example of how KKR’s structured equity solutions can support businesses and their global growth ambitions. The connectedness and flexibility of KKR’s platform enables us to work creatively with owners and management teams, providing full access to KKR’s resources, global reach, and bespoke capital solutions that help our partners achieve their goals.”

KKR is making the investment in Malteries Soufflet primarily through its Strategic Investments Group strategy, and through funds and accounts managed by KKR in Asia.

KKR’s diversified and multi-asset investment platform enables flexibility to support ambitious companies with a suite of comprehensive, bespoke capital solutions, further enhanced by the firm’s global experience and operational capabilities. In France, this model along with KKR’s partnership approach, strong local presence and large global platform, enables companies to grow and globalize. KKR is a long-term investor in France, where the firm has invested over €10 billion since 2002, forming strategic partnerships with a number of leading French businesses including APRIL, Albioma, Devoteam, Mediawan, OVHcloud, among others.

— Ends —

About KKR

KKR is a leading global investment firm that offers alternative asset management as well as capital markets and insurance solutions. KKR aims to generate attractive investment returns by following a patient and disciplined investment approach, employing world-class people, and supporting growth in its portfolio companies and communities. KKR sponsors investment funds that invest in private equity, credit and real assets and has strategic partners that manage hedge funds. KKR’s insurance subsidiaries offer retirement, life and reinsurance products under the management of Global Atlantic Financial Group. References to KKR’s investments may include the activities of its sponsored funds and insurance subsidiaries. For additional information about KKR & Co. Inc. (NYSE: KKR), please visit KKR’s website at www.kkr.com. For additional information about Global Atlantic Financial Group, please visit Global Atlantic Financial Group’s website at www.globalatlantic.com.

About InVivo

InVivo Group is one of Europe’s leading agricultural groups with revenues of nearly €12 billion, with more than half generated in France, and a workforce of 15,000 employees, including more than 10,000 in France. With operations in 35 countries, it has more than 100 industrial sites, including 63 in France. The
Group operates along the entire value chain, from farm to fork, as a leader in each of its four major strategic business lines: international grain trade, agriculture, agri-food (Malting, Millin/ingredients/bakery, Wine), gardening and food distribution.

A global cross-functional centre for innovative and digital solutions completes the structure to accelerate the transformation of these activities towards the 3rd agricultural revolution.

For more information: invivo-group.com / Twitter @InVivo Group<

Media Contacts

KKR
FGS Global
Alastair Elwen / Sophia Johnston
KKR-Lon@FGSGlobal.com
Tel: +44 (0) 20 7251 3801

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