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KKR acquires Korea’s K Twin Towers, backs Ethiopian rose farm

5 Jun 2014

unnamedPrivate equity major KKR has made a couple of deals in Asia and Africa.

The New York-based firm has bought Seoul-based commercial property group K Twin Towers and Ethiopian rose farm Afriflora, which is its first deal in Africa.

K Twin Towers is based in Gwanghwamun precinct within the Seoul central business district and occupies more than 900,000 square feet of office and retail space.

Afriflora received an investment of $200m from the firm’s $6.2bn European fund, a person familiar with the deal told the Wall Street Journal.

The company grows and exports 730m flowers to Europe annually.

Earlier this month KKR bought Internet Brands from fellow private equity houses Hellman & Friedman and JMI Equity.

The firm’s other recent deals include the acquisition of Singapore-based bulk containers maker Goodpack in a S$1.39bn.

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