Global investment firm KKR has announced the appointment of former Sky CEO Jeremy Darroch as an Executive Advisor to the firm. In his role, Darroch will leverage his business and leadership expertise to support KKR’s European Private Equity investment activities and portfolio companies, particularly in the UK and in the Telecoms, Media and Technology (TMT) […]

Following the announcement on June 24th, Telecom Italia Mobile (TIM) has confirmed the completion of the sale of NetCo to Kohlberg Kravis Roberts (KKR), via the transfer to FiberCop (a 58 per cent owned subsidiary of TIM) of TIM’s business unit comprising the fixed network infrastructure and wholesale activities, and the subsequent acquisition of the […]

Germany-based rocket and space technology company OHB, controlled by the Fuchs family, has sold a significant stake in the business to private equity investor KKR. OHB (its name comes from ‘Otto Hydraulic Bremen’) has operating assets throughout Europe and is a well-regarded supplier to German, European and international space-related projects. It helped build the first […]

Kohlberg Kravis Roberts is investing $33 million (€30m) in Rocket Factory Augsburg (RFA) which is building rockets for launch from Scotland’s SaxaVord spaceport. “The investment will facilitate RFA’s upcoming integrated first stage test and complete the company’s launch pad at SaxaVord Spaceport in Scotland, to eventually bring the RFA ONE microlauncher to the launchpad,” said […]

Telenor has closed the transaction to divest 30 per cent of Telenor Fiber in Norway to a consortium led by KKR, investing through its Core Infrastructure strategy, with Oslo Pensjonsforsikring as co-investor. The agreed sales price is based on an enterprise value of NOK 36.1 billion (€3.3bn) for the Norwegian fibre business which had a […]

A consortium of funds led by Global Infrastructure Partners (GIP) and KKR has entered into a strategic co-control partnership with telco Vodafone for Vodafone’s c. 81.7 per cent stake in Vantage Towers, a leading telecoms tower company in Europe. Vodafone will transfer its stake in Vantage Towers to a holding company (Oak BidCo), which will […]

A trio of investors, KKR & Co, Global Infrastructure Partners and Stonepeak Partners, have combined to bid for a controlling stake in Deutsche Telekom’s (DT) cellular towers subsidiary, according to Bloomberg. However, they are not alone in the bidding war. A consortium of Canadian investment firm Brookfield Asset Management and Cellnex Telecom has also made […]

Further to an earlier announcement, CDP Equity (CDPE), a company wholly owned by Cassa Depositi e Prestiti (CDP), Teemco Bidco S.à.r.l., a Luxembourg company controlled by one or more funds managed by Kohlberg Kravis Roberts & Co. L.P. (KKR), Macquarie Asset Management (Macquarie), Open Fiber and TIM have entered into a non-binding Memorandum of Understanding […]

Telecom Italia (TIM) is starting formal talks with the KKR fund on its €10.8 billion offer. KKR made an initial approach for TIM in November 2021. TIM has now said that it would start talks with KKR while simultaneously exploring its alternative of possible merger with state-backed broadband operator Open Fiber. TIM carries €29 billion […]

Telecom Italia (TIM) has received a €10.8 billion offer from US fund KKR aimed at taking Italy’s biggest telco private. KKR’s move comes as TIM’s CEO Luigi Gubitosi finds himself under grave pressure from top investor Vivendi following two profit warnings in recent months. TIM said KKR had set an indicative price of €0.505 for […]