Global private equity and venture capital news and research

KKR, Goldman to sell 10.8% Kion stake

8 Jan 2014

Kion forklift - AltAssets Private Equity NewsPrivate equity firm KKR and Goldman Sachs have decided to sell a 10.8 per cent stake in German forklift maker Kion Group.

The stake being sold by KKR and Goldman is worth €330m, according to a Reuters report. Kion was floated on the Frankfurt stock exchange last year.

Goldman and KKR bought out Kion in 2006 for $4bn including €400m of debt. KKR’s then head of European operations, Johannes Huth, said the firm’s medium-term objective was an IPO, but the plans were put on hold due to volatility in stock markets.

Earlier this month KKR revealed that it held a 6.8 per cent interest in computer chipmaker Marvell Technology Group.

Copyright © 2014 AltAssets

AltAssets Mobile App

To access the latest private equity news and stories download the new AltAssets mobile app from the

Legals & Terms of UsePrivacy Policy

AltAssets is registered as a trademark of Investor Networks Limited (06695690).
Registered Office: Zetland House, 5-25 Scrutton St, London EC2A 4HJ
Content is © AltAssets 2000-2015