Zix to buy AppRiver for $275 mln


This post is by Luisa Beltran from PE Hub Blog: PE-Backed Mergers and Acquisitions


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Zix Corp said Jan. 15 that it agreed to buy AppRiver for $275 million. Marlin Equity Partners is the seller. AppRiver provides cloud-based cybersecurity solutions. True Wind Capital has agreed to invest $100 million in convertible preferred equity. SunTrust Bank and KeyBanc Capital Markets are providing debt.

PRESS RELEASE

Zix to Acquire AppRiver, Leading Cloud-Based Cybersecurity Solutions Provider
• Combination Creates Leading Cloud-based Email Security Provider to Small and Midsize Business (SMB) Market with over $180 Million of Annual Recurring Revenue (ARR)
• Company Also Secures $100 Million Convertible Preferred Equity Commitment from True Wind Capital and $200 Million Debt Commitment from SunTrust Bank and KeyBanc Capital Markets
• Conference Call Scheduled for Today, January 15, at 8:30 AM ET
January 15, 2019 06:31 AM Eastern Standard Time
DALLAS–(BUSINESS WIRE)–Zix Corporation (Zix) (NASDAQ:ZIXI), a leader in email security, has entered into a definitive agreement to acquire AppRiver, a leading provider

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KKR commits $1 bln to Altavair AirFinance partnership


This post is by Luisa Beltran from PE Hub Blog: Buyout Deals


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KKR said Jan. 3 that it is committing $1 billion to a partnership with Altavair AirFinance, that will include buying a 50 percent stake in the commercial aviation finance company. KKR said it will also buy commercial aircraft with Altavair, who will also be KKR’s partner for aircraft leasing investments going forward. KKR’s initial investment will go towards buying six cargo aircraft on long-term lease with a diverse group of airline counterparties. KKR was advised by Simpson Thacher & Bartlett. Altavair was advised by Milbank.

PRESS RELEASE

NEW YORK & SEATTLE–(BUSINESS WIRE)–Jan. 3, 2019– KKR, a leading global investment firm, and Altavair AirFinance, a leader in commercial aviation finance, announced today that the two firms have entered into an agreement to form a long-term partnership to pursue the creation of a leading, global portfolio of leased commercial aircraft.
This press release features multimedia. View the full release here:https://www.businesswire.

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Radiant and KKR to take majority stake in Max Healthcare


This post is by Iris Dorbian from PE Hub Blog: Buyout Deals


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Radiant Life Care and KKR have agreed to acquire a majority stake in Max Healthcare from Max India. No financial terms were disclosed. As a result of the transaction, Radiant and Max Healthcare will merge to create the largest hospital network in North India. Max Healthcare is a provider of healthcare services in India.

PRESS RELEASE

New Delhi, Delhi, India

Radiant Life Care Private Limited (“Radiant”), a leading Indian hospital management company promoted by Abhay Soi and backed by global investment firm KKR, announced today that it has entered into a transaction whereby its shareholders will eventually acquire a majority stake in Max Healthcare Institute Limited (“Max Healthcare”) from Max India Limited (“Max India”). The acquisition will be undertaken through a series of transactions, including Radiant’s purchase of a 49.7% stake in Max Healthcare from South Africa-based hospital operator Life Healthcare in an all cash deal, followed by demerger

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KKR to invest $45 mln in Barghest Building Performance


This post is by Luisa Beltran from PE Hub Blog: Buyout Deals


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KKR said Dec. 13 that it is investing up to $45 million in Barghest Building Performance. Barghest Building, of Singapre, provides heating, ventilation and air conditioning systems in commercial and industrial buildings.

PRESS RELEASE

KKR Backs Energy Savings Solutions with Investment in Singapore’s BBP
Investment Made as Part of Firm’s Impact Strategy Focused on Addressing Global Societal Challenges

SINGAPORE –December 13, 2018 – Leading global investment firm KKR today announced an investment in Barghest Building Performance (“BBP” or the “Company”), a Singapore-based provider of energy savings solutions to Heating, Ventilation and Air Conditioning (“HVAC”) systems in commercial and industrial buildings. KKR will be investing up to S$45 million in the Company.

BBP’s energy efficiency solution applies a combination of proprietary software, customized engineering, and equipment to deliver the same cooling load to sites while consuming up to 40% less energy. The solution is applicable for all central chiller plant systems,

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Cidambi, Padmanabhan to join KKR’s India credit business


This post is by Luisa Beltran from PE Hub Blog: Human Resources


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KKR said Dec. 4 that Sumanth Cidambi and Vijay Padmanabhan were named directors for the firm’s credit business in India. Cidambi has worked with corporate boards and senior management teams in Asia, Europe and the US while Padmanabhan’s experience in credit underwriting and distress investing, in the UK and India, includes working at Old Lane, Fidelity Investments, and SBI Funds Management.

PRESS RELEASE

MUMBAI, India–(BUSINESS WIRE)–Dec. 4, 2018– KKR today announced the appointment of Sumanth Cidambi and Vijay Padmanabhan as Directors for the firm’s credit business in India. Both the appointments will help KKR deepen and scale its existing India credit strategy and move into adjacencies.
KKR has been the pioneer in developing private high-yield and structured credit investing in India. The firm operates in the credit space through an NBFC and Alternative Investment Funds, suitably complemented with global capital pools. Since 2009, the firm has executed on

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KKR invests in Calabrio


This post is by Iris Dorbian from PE Hub Blog: Buyout Deals


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Minneapolis-based Calabrio, a provider of customer engagement and analytics software, has secured an undisclosed amount of funding. The investor was KKR.

PRESS RELEASE

Minneapolis, MN — November 13, 2018 — Calabrio, a leading provider of customer engagement and analytics software, today announced a follow-on investment from KKR to continue its rapid growth and shift to the cloud.

With this investment, Calabrio will continue its focus on providing world-class products and services to customers who increasingly want to avoid on-premises environments in favor of low-resource-intensive cloud deployments. With the global cloud-based contact center market expected to grow at a rate of 25 percent from 2017 to 2022, Calabrio’s multi-tenanted solution is poised to serve this fast-expanding customer base.

“As cloud transformation accelerates across every industry and every aspect of the enterprise, the cloud-based contact center is rapidly becoming the model for many innovative and successful organizations,” said Tom Goodmanson, president

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Cornerstone adds Navab to board


This post is by Iris Dorbian from PE Hub Blog: Human Resources


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Cornerstone Capital Group, a New York-based registered investment adviser, has named Alexander Navab to its board of directors. Navab is the former head of the Americas private equity business at KKR.

PRESS RELEASE

NEW YORK, October 24, 2018 – Cornerstone Capital Group (“Cornerstone”), an SEC registered investment advisor that pursues financial returns alongside social impact by incorporating environmental, social, and governance (ESG) analysis into portfolio design, today announced the appointment of Alexander Navab to its Board of Directors. Navab is the former Head of the Americas Private Equity Business at Kohlberg Kravis Roberts & Co (KKR), and has deep global experience in private equity, mergers and acquisitions, and corporate finance.

“We are thrilled to welcome Alex to our Board given his exceptional accomplishments as a business leader and board director in both the private and nonprofit sectors,” said Erika Karp, Founder and CEO at Cornerstone. “Investing to optimize both

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Tripathias to join KKR Capstone


This post is by Luisa Beltran from PE Hub Blog: Human Resources


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Ananya Tripathias will join KKR Capstone in India effective January 2019. Tripathias will lead KKR Capstone’s engagements with KKR’s portfolio companies in India. Tripathias previously headed Myntra’s business as well as strategy and planning.

PRESS RELEASE

MUMBAI, India–(BUSINESS WIRE)–Oct. 22, 2018– KKR Capstone today announced the appointment of Ananya Tripathias a Director for KKR Capstone in India, effective from January 2019. Leveraging her extensive experience in strategy, operations and technology, Ananya will lead KKR Capstone’s engagements with KKR’s portfolio companies in India.
KKR Capstone has over 90 team members globally, with more than 20 based in Asia, made up of highly experienced industry executives and functional specialists. The team works together with KKR’s private equity investment professionals and portfolio company management teams to help businesses maximize their potential. KKR Capstone’s model is one of trusted collaboration – collaborating closely with KKR on operational diligence and then working on the ground with management teams in KKR’s portfolio

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KKR acquires Minnesota Rubber and Plastics from NEP


This post is by Iris Dorbian from PE Hub Blog: Buyout Deals


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KKR has acquired Minnesota Rubber and Plastics from Norwest Equity Partners. No financial terms were disclosed. The deal is expected to close by the end of the year. Benesch, Friedlander, Coplan & Aronoff LLP advised KKR on the transaction while Houlihan Lokey, Skadden, Arps, Slate, Meagher & Flom LLP and Ballard Spahr LLP advised MRP and NEP. MRP is a provider of elastomer and thermoplastic solutions.

PRESS RELEASE

MINNEAPOLIS & NEW YORK–(BUSINESS WIRE)–Quadion LLC, d.b.a. Minnesota Rubber and Plastics (“MRP” or the “Company”), a leading provider of elastomer and thermoplastic solutions, announced today that it is being acquired by KKR, a global investment firm, from Norwest Equity Partners (“NEP”), a Minneapolis-based middle-market equity investment firm. This transaction marks KKR’s second acquisition of a middle-market business in the industrials sector and is being funded through KKR’s Americas XII Fund. Financial details of the transaction were not disclosed.

MRP offers

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KKR completes take-private buyout of Envision


This post is by Iris Dorbian from PE Hub Blog: Buyout Deals


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KKR has closed its take-private acquisition of Envision Healthcare Corp for $46 per share. As a result of the closing, Envision will stop trading on the New York Stock Exchange. Based in Nashville, Envision is a provider of physician-led services and post-acute care and ambulatory surgery services.

PRESS RELEASE

NASHVILLE, Tenn.–(BUSINESS WIRE)–Envision Healthcare Corporation (“Envision” or the “Company”) (NYSE: EVHC) today announced the completion of the previously announced acquisition of Envision by global investment firm KKR.

As a result of the completion of the merger, Envision has become a wholly owned subsidiary of funds affiliated with KKR, and Envision stockholders will receive an amount in cash equal to $46.00 per share of Envision common stock. As a result of the completion of the merger, shares of Envision’s common stock ceased trading on the NYSE prior to the opening of the NYSE today.

About Envision Healthcare Corporation
Envision Healthcare

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KKR closes BMC buy


This post is by Luisa Beltran from PE Hub Blog: Buyout Deals


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KKR said Oct. 2 that has closed its $8.5 billion buy of BMC Software. Sellers include Bain Capital Private Equity and Golden Gate Capital together with GICInsight Venture Partners, and Elliott Management.

PRESS RELEASE

HOUSTON, Oct. 2, 2018 /PRNewswire/ — BMC, a global leader in IT solutions for the digital enterprise, today announced the completion of the acquisition of BMC by KKR, a leading global investment firm. The company was acquired from a private investor group led by Bain Capital Private Equity and Golden Gate Capital together with GIC, Insight Venture Partners, and Elliott Management.  The terms of the agreement, which was previously announcedin May 2018, were not disclosed.
“As we embark on our next chapter with KKR, BMC continues to provide our customers with transformational solutions that help them manage and optimize information technology across cloud, hybrid, on-premise, and mainframe environments,” said Peter Leav, President and Chief Executive Officer of BMC. “With KKR’s support, and the

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KKR completes BMC buyout


This post is by Iris Dorbian from PE Hub Blog: Buyout Deals


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KKR has closed its acquisition of Houston, Texas-based BMC, a provider of IT solutions for the digital enterprise. The sellers were an investor group led by Bain Capital Private Equity and Golden Gate Capital.

PRESS RELEASE

HOUSTON, Oct. 2, 2018 /PRNewswire/ — BMC, a global leader in IT solutions for the digital enterprise, today announced the completion of the acquisition of BMC by KKR, a leading global investment firm. The company was acquired from a private investor group led by Bain Capital Private Equity and Golden Gate Capital together with GIC, Insight Venture Partners, and Elliott Management. The terms of the agreement, which was previously announced in May 2018, were not disclosed.

“As we embark on our next chapter with KKR, BMC continues to provide our customers with transformational solutions that help them manage and optimize information technology across cloud, hybrid, on-premise, and mainframe environments,” said Peter Leav, President and

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KKR to sell United Group


This post is by Luisa Beltran from PE Hub Blog: Buyout Deals


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BC Partners is buying a majority of United Group BV from KKR. Financial terms weren’t announced. United Group, of Amsterdam, is a media and communication services provider across South East Europe.

PRESS RELEASE

London and Amsterdam, September 27th 2018 – Funds advised by BC Partners (“BC Partners”), a leading international investment firm, today announced the signing of a definitive agreement whereby BC Partners will acquire majority ownership of United Group B.V. (“United Group”) from KKR, a leading global investment firm. KKR will retain a substantial minority stake. Financial terms of the transaction were not disclosed, and the transaction is subject to relevant regulatory approvals.

 

United Group is the leading media and communication services provider across South East Europe. Through significant investments in digital infrastructure, content and proprietary technology, it provides market-leading services to its customers across the region. Over the past 18 years the Group has expanded its

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KKR launches SinoCare Group in China


This post is by Luisa Beltran from PE Hub Blog: Buyout Deals


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KKR said Sept. 26 that it has launched SinoCare Group, a hospital investment and management platform company in China. At the same time, SinoCare has acquired a majority of HeTian Hospital Management Co. Financial terms weren’t announced. HeTian is a Chinese hospital management company.

PRESS RELEASE

BEIJING – 26 September 2018 — Global investment firm KKR today announced the creation of SinoCare Group (“SinoCare” or the “Company”), a hospital investment and management platform company in China. SinoCare aims to provide high-quality health care services to patients in China through the acquisition, build-out and consolidation of hospitals.

SinoCare will work alongside KKR to bring top medical resources and management experience that aim to improve service capabilities and operational efficiencies to health care service providers within the SinoCare platform, as well as to address the high demand for quality medical services in China. The Company will build its platform through organic growth and acquisitions. Additionally,

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KKR leads $57 mln round for Clarify Health


This post is by Luisa Beltran from PE Hub Blog: Buyout Deals


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Clarify Health Solutions Inc said Sept. 10 that it raised $57 million in Series B funding led by KKR. Clarify Health, of San Francisco, provides care guidance technology.

PRESS RELEASE

SAN FRANCISCO & NEW YORK–(BUSINESS WIRE)– Clarify Health Solutions, Inc. (“Clarify” or the “Company”), a pioneer in real-time care guidance technology, today announced that it has closed $57 million in a Series B financing round led by KKR, a global investment firm. Building upon the Company’s rapid customer expansion in 2018, the injection of new capital will fuel the Company’s growth on its mission to power the personalization and optimization of every care journey.
Clarify brings hospital, health insurance, and life sciences customers the latest financial services and consumer technologies coupled with the deep clinical expertise needed to power innovative care delivery models. Clarify’s solutions deploy predictive analytics and machine learning on a comprehensive data set of over 20 terabytes – representing clinical, claims, social determinant,

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KKR adds Ulta Beauty CEO to board


This post is by Iris Dorbian from PE Hub Blog: Human Resources


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KKR has named Mary N. Dillon to its board of directors. Dillion is the CEO of Ulta Beauty Inc.

PRESS RELEASE

NEW YORK–(BUSINESS WIRE)–KKR & Co. Inc. (NYSE: KKR) (“KKR”) today announced that effective today, Mary N. Dillon has been appointed to the Board of Directors of KKR. Her appointment will bring the number of independent directors on KKR’s Board to eight out of a total of twelve Board seats.

Ms. Dillon is the Chief Executive Officer of Ulta Beauty, Inc., a Fortune 500 retailer and the premier destination for cosmetics, fragrance, skin, hair care products and services.

KKR’s other independent directors include David Drummond (Senior Vice President, Corporate Development and Chief Legal Officer of Alphabet Inc.), Joseph Grundfest (Stanford Law Professor and former Commissioner of the Securities and Exchange Commission), John Hess (Director and Chief Executive Officer of Hess Corporation), Xavier Niel (Deputy Chairman and Chief Strategy

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KKR Global Infrastructure Investors III raises $7.4 bln


This post is by Luisa Beltran from Pe Hub Blog: Firms & Funds


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KKR said Sept. 6 that its latest infrastructure fund has closed on $7.4 billion. KKR, using its balance sheet and employee commitments, will invest $358 million in the pool alongside external investors. KKR Global Infrastructure Investors III will target global infrastructure investment opportunities with an emphasis on investments in OECD countries.

PRESS RELEASE

NEW YORK & LONDON–(BUSINESS WIRE)–Sep. 6, 2018– KKR, a leading global investment firm, today announced the final closing of KKR Global Infrastructure Investors III (the “Fund”), a $7.4 billion fund focused on pursuing global infrastructure investment opportunities with an emphasis on investments in OECD countries. KKR will be investing $358 million in capital alongside external investors through KKR’s balance sheet and employee commitments.
“The current scale of global infrastructure investment demand is simply enormous, and is only growing, with the need outstripping capital available,” said Raj Agrawal, KKR Member and Global Head of KKR’s infrastructure business. “This dynamic, coupled with limited

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KKR taps Knottenbelt for its PE team


This post is by Iris Dorbian from PE Hub Blog: Human Resources


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KKR has named Daan Knottenbelt to its private equity team. In his new role, Knottenbelt will lead the firm’s financial services coverage in EMEA. He will also lead coverage of the Benelux region. Previously, he worked at Palamon Capital Partners where he was a partner and member of the firm’s operating committee.

PRESS RELEASE

LONDON–(BUSINESS WIRE)–KKR, a leading global investment firm, today announces the appointment of Daan Knottenbelt as a Member, effective from 20 August. Daan will lead KKR’s Financial Services coverage in EMEA as a member of the Private Equity team, and will also lead coverage of the Benelux region.

Daan joins KKR from Palamon Capital Partners in London where he was a Partner and member of the firm’s Operating Committee. Daan joined Palamon in 2000 from McKinsey, where he worked in the UK, US, the Netherlands, and Belgium. He has more than 18 years of investment experience focusing

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Kido joins KKR


This post is by Luisa Beltran from PE Hub Blog: Human Resources


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KKR said Sept. 4 that Kazuyuki Kido was named a managing director based in Tokyo, effective immediately. Kido most recently spent about 20 years at Nikko Securities – now known as SMBC Nikko Securities – and Nikko Principal Investments Inc.

PRESS RELEASE

TOKYO — September 4, 2018 — Global investment firm KKR today announced the appointment of Kazuyuki Kido as a Managing Director based in Tokyo, effective immediately.
Mr. Kido brings nearly 30 years of investment and management experience to KKR, including approximately 20 years at Nikko Securities – now known as SMBC Nikko Securities – and Nikko Principal Investments Inc. He managed approximately US$4 billion while at Nikko Principal Investments, which was one of the largest private equity investors backed by balance sheet at the time. While at Nikko Principal Investments, Mr. Kido served as a board member of Tower Records Japan, Seibu Railway, Prince Hotels, StylingLife Holdings, and BELLSYSTEM24 Holdings.

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