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PE HUB First Read

First Read ushers in your morning with news that French taxi drivers are striking following protests over Uber, Facebook stock hits an all-time high and a second prison worker is charged as the search for escaped killers continues.

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Stone Capital invests in Alliant Insurance Services

Alliant Insurance Services, which is backed by KKR, has secured an undisclosed investment from Stone Capital LLC. As a result of the transaction, KKR will remain a “significant” shareholder in Alliant. Headquartered in Newport Beach, California, Alliant Insurance Services is an insurance broker.

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KKR to sell Capital Safety to 3M

3M has agreed to buy Capital Safety from KKR. The deal is valued at $2.5 billion. Morgan Stanley served as financial advisor to 3M on the transaction while Goldman Sachs was financial advisor to KKR. Based in Bloomington, Minnesota, Capital Safety is a provider of fall proteciton equipment.

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FFL to sell garage doors maker CHI to KKR

KKR is buying Arthur, Illinois-based C.H.I. Overhead Doors, a maker of residential and commercial garage doors. The seller is FFL. No financial terms were disclosed. Barclays and Credit Suisse provided financial advice to CHI and FFL on the transaction.

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KKR backs Transphorm

Early-stage semiconductor company Transphorm Inc has secured $70 million in funding. KKR led the round. According to Transphorm, the capital infusion will be used for growth, product development and expansion. In addition to the funding, KKR’s David Kerko, Brittany Bagley and Eiji Yatagawa have been named to Transphorm’s board of directors.

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KKR to invest in Tarena

KKR is making an investment in Tarena International Inc. According to the deal, KKR and Shaoyun Han, founder, chairman and CEO of Tarena, have agreed to buy $90.5 million of ordinary shares in Tarena from existing pre-IPO shareholders Goldman Sachs and IDG Technology Venture Investments LLC Based in China, Tarena is a provider of professional education services.

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KKR invests in Drawbridge Realty

Kohlberg Kravis Roberts & Co. has invested in Drawbridge Realty. Financial terms weren’t announced. San Francisco-based Drawbridge is a real estate investment manager that buys, develops and manages properties for corporate users. The Townsend Group is also investing.

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Stone Point Capital and KKR to recap Privilege Underwriters

Stone Point Capital and KKR have agreed to recapitalize Privilege Underwriters, the holding company for the PURE Group of Insurance Companies. No financial terms were disclosed for the transaction that is being done with Privilege’s management. As a result of the deal, Stone Point will maintain its majority stake in Privilege while KKR will acquire a minority stake. Headquartered in White Plains, New York, PURE Group of Insurance Companies is a provider of personal insurance and risk management services to high net worth individuals and families.

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KKR buys two hotels in Antwerp

KKR said Thursday it has acquired the Radisson Blu Astrid Hotel and the Park Inn Hotel in Antwerp, Belgium, in a joint venture with hotels group Algonquin. Financial terms weren’t announced. Radisson Blu is a four-star hotel with 247 rooms, while Park Inn is a three-star boutique with 59 rooms.

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