Transaction

Advised: KKF.net on its €50m investment from affiliates of KKR

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Deal summary

Affiliates of Kohlberg Kravis Roberts (KKR) made a €50m ($46m) equity investment in KKF.net, a provider of broadband and internet services in Germany.

  • The deal also included a distribution and co-operation agreement between KKF and Tenovis
  • The investment allowed KKF to accelerate the roll-out of its SDSL (symmetric digital subscriber line) service throughout Germany, as well as to develop further its value-added service capability and expand its service offering to other European countries.
  • Tenovis' sales organisation enhanced KKF's sales through marketing KKF's products to its customer base of more than 100,000 small and medium enterprises.
  • In addition, Tenovis' service team helped to install and maintain KKF products.

About KKR

Kohlberg Kravis Roberts is a leading global investment firm that manages multiple alternative asset classes, including private equity, credit, and real assets, with strategic partners that manage hedge funds.

As investors with an industrialist vision, the aim is to generate attractive investment returns by following a patient and disciplined approach, employing high-quality people, pursuing the highest standards of excellence, and aligning interests with those of our investment partners.

About KKF.NET

KKF.net was a leading provider of internet and related services in Germany. The company also provided DSL and internet access, web design and software development services.

“This transaction will enable KKF to capitalise fully on its early-mover advantage in the provision of DSL-based broadband connectivity and value-added services in Germany. We believe that the combination of the financial and strategic support of KKR and exclusive access to Tenovis' large base of SME customers, salesforce and service capability will step up KKF's momentum and competitive advantage.”
Neil Richardson KKR
  • Deal value

    50m EUR

  • Location

    Germany

  • Sector(s)

    Software, Technology

  • Deal type

    Fundraise

This deal was made by

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