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PE HUB First Read

First Read starts your day with news that Toshiba’s CEO has resigned over the company’s accounting scandal, KKR’s First Data has filed for an IPO and NFL revenue soars to $12 billion last season, a 14.3 percent increase from the previous year.

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KKR to buy Gestamp Solar

KKR said Tuesday it has agreed to acquire an 80 percent stake in Gestamp Asetym Solar S.L. at a total enterprise value of around $1 billion. The seller is Gestamp Renewables. Gestamp Solar is a developer and operator of utility-scale photovoltaic plants. Bank of America Merrill Lynch provided financial advice to Gestamp Solar.

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VC-backed FanDuel buys Kotikan

Fantasy sports company FanDuel has acquired Scottish mobile app development agency Kotikan. No financial terms were disclosed. The acquisition comes on the heels of FanDuel raising $275 million in Series E funding. KKR led the round with participation from other investors that included Google Capital, Time Warner Investments, Turner Sports, Shamrock Capital, NBC Sports Ventures, Comcast Ventures, Bullpen Capital, Pentech Ventures and Piton Capital.

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KKR to buy majority of Deutsche Glasfaser

KKR is buying a majority of Deutsche Glasfaser. Reggeborgh is the seller. In a partnership, KKR and Reggeborgh are investing about 450 million Euros (US$487.6 mln) in the roll-out of DG. Borken, Germany-based Deutsche Glasfaser plans, constructs, and operates fibre-optic networks in that country.

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Fantasy sports company FanDuel rakes in $275 mln Series E

Fantasy sports company FanDuel has raised $275 million in Series E funding. KKR led the round with participation from other investors that included Google Capital, Time Warner Investments, Turner Sports, Shamrock Capital, NBC Sports Ventures, Comcast Ventures, Bullpen Capital, Pentech Ventures and Piton Capital.

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KKR-led group makes real estate deal in Italy

KKR, along with Hines Italia SGR, and COIMA, have acquired five telecom assets leased to Telecom Italia. The investor group acquired the assets from “Tecla Fondo Uffici”, a closed ended fund managed by Prelios SPR, for 49 million Euros (US$53.7 mln). The portfolio, a total area of 35,500 square metres, consists of five separate sites, in Rome, Monza, Parma, San Remo and Pavia.

KKR names Lafont as senior advisor

KKR has named Dominique Lafont as a senior advisor. The appointment is effective immediately. Lafont is the former president and CEO of Bolloré Africa Logistics.

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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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