KKR Finances Gruppo Argenta in Its First Italian Direct Lending

Jan 23, 2014 1302

KKR & Co. is to provide about 100 million euros ($135 million) to Italian vending machine operator Gruppo Argenta SpA, its first direct lending in the country.

A combination of debt and equity investments from KKR Asset Management will help the Carpi, Italy-based company repay existing lenders and fund growth plans, the New York-based private equity company said in a statement. An additional 10 million euros will be put into the business by its owners.

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Source: http://mobile.bloomberg.com

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