KKR exits Australia's Seven West Media
KKR has exited its stake in Australia’s Seven West Media via the public market, raising around A$265 million ($260 million). The private equity firm invested in what was then Seven Media Group in 2006 at the height of the buyout boom, before merging with West Australian Newspapers five years later.
According to a Seven West statement, KKR sold its holding at A$2.21 apiece, an approximate 3% discount to the May 21 closing price. Disclosures made last year when Seven West issued new shares to pay down...
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