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KKR, Goldman Sachs exit Dollar General with final $250m stake sale

13 Dec 2013

US buyout firms KKR and Goldman Sachs Private Equity Group have exited their stake in discount retailer Dollar General for $252m, the Wall Street Journal has reported.

KKR and Goldman sold 4.2 million of shares for $60.71, a far cry from the company’s $21 price in its 2009 IPO. Subsequent stock sales took place at $30.50, $39, and $45.25, the report said. Most recently a $1.75bn offering in March 2013 was priced at $50.75 a share.

KKR bought into the company in March 2007, paying $7.3bn, including $380m of net debt.

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