Walgreen, a retail drugstore chain in the US and KKR portfolio company Alliance Boots, an international pharmacy-led health and beauty group, have received the required regulatory clearances for their equity investment in pharmaceutical services company AmerisourceBergen Corporation. The regulatory clearances permit both the purchase of up to 7 percent of the fully diluted equity of AmerisourceBergen in the open market, and the exercise of two warrants for 16 percent in the aggregate of the fully diluted equity of AmerisourceBergen in 2016 and 2017.

Alternative asset managers such as Blackstone Group and KKR have for decades scoured the stock market for undervalued companies, writes Reuters. Now they are trying to convince investors that shares in their own firms are a bargain.

This morning find out about Apollo investors and founders selling shares; Google maps’ facelift; how to get airtime with a VC and the top jobs in the digital media space.

Trending on peHUB this week: Uber, CorePower Yoga, Insight Venture Partners, KKR, Cerberus, RetailNext, Carlyle, Wyoming Loan and Investment Board, VC disruption, job openings at Benchmark and Bay City.

Private equity firm KKR has agreed to give Spain’s Uralita a 320 million euro ($417 million), seven-year loan, the Spanish firm said in a regulatory filing, writes Reuters. Uralita, a construction materials manufacturer, said the agreement would allow it to repay its bank creditors and bondholders while providing more time and funds to develop its future plans.

While Carlyle Group, Kohlberg Kravis Roberts & Co. and TPG Capital move to reach a combined fundraising target of about $13.5 billion for their new Asian buyout funds, the biggest prize in the Far East — China — remains a tough place to do acquisitions, an overseas deals lawyer told peHUB.

Private equity firm KKR & Co LP posted a 10.9 percent quarterly decline in earnings on Thursday due to a slower appreciation of its funds and said it will share 40 percent of profits from its own investments with shareholders.

KKR has agreed to buy a majority stake in SMCP Group of Paris. Financial terms were not announced. KKR will have about 65% of SMCP while management will retain 35%. SMCP is an apparel retailing group, that operates in the attractive affordable luxury apparel segment across four brands: Sandro, Sandro Men, Maje and Claudie Pierlot.

Thermo Fisher Scientific is nearing a deal to buy genetic testing equipment maker Life Technologies for close to $13 billion, writes Reuters. Life Technologies’ board chose Thermo Fisher over Sigma-Aldrich Corp, a maker of chemicals for research laboratories, and a private equity consortium consisting of Blackstone Group, Carlyle Group, KKR and Temasek Holdings, writes Reuters.

US private equity firm KKR has hired Hirofumi Hirano from AlixPartners Asia to serve as its chief executive officer of KKR Japan as it expands its presence in the country, writes Reuters. Shusaku Minoda, the current chief executive of the local unit, will become chairman of KKR Japan, KKR said in a statement.