Kohlberg Kravis Roberts & Co. today announced that it has increased its investment in Aricent

September 18, 2009

1 Min Read

NEW YORK -- Kohlberg Kravis Roberts & Co. (“KKR”) today announced that it has increased its investment in Aricent, following the completion of an agreement between KKR and CPP Investment Board with Flextronics to purchase certain securities. The transaction, valued at $255 million, closed on September 16, 2009.

“We are pleased to invest further in a company that has just reported its highest annual revenue in its history and continues to grow its customer base. This investment reflects our belief in management and the company as they continue to grow Aricent at this very important time in the communications industry,” Sanjay Nayar, CEO of KKR India, said.

"KKR saw this as a compelling opportunity through a secondary transaction to further increase our economic interest in Aricent, a company in which we originally invested in 2006 and in which we continue to see tremendous upside, "Jamie Greene, a Member of KKR said.

Together with its initial investment in 2006, KKR entities now own 79 percent of the company.

“We are pleased to invest alongside KKR in a company with an experienced management team and strong growth potential,” said Mark Wiseman, Senior Vice-President, Private Investments at CPP Investment Board. “Aricent has a strong market position and an impressive client base including some of the world’s top telecommunications firms.”

Kohlberg Kravis Roberts & Co. (KKR)

Aricent Inc.

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