Texas Next Capital to sell Summit Air Ambulance

REACH Air Medical, a unit of Lewisville, Texas-based Air Medical Group Holdings, which provides air medical services, has agreed to acquire Summit Air Ambulance from Texas Next Capital. No financial terms were disclosed. AMGH is backed by Kohlberg Kravis Roberts & Co.

China’s Greenland to acquire Rundong Auto-Reuters

Chinese developer Greenland Holding Group Company Ltd will pay HK$1.5 billion ($193 million) for a controlling stake in luxury auto dealer China Rundong Auto Group Ltd, the latter said in a stock exchange filing in Hong Kong on Sunday.


KKR closes Fujian Sunner investment

Kohlberg Kravis Roberts & Co. has completed its $400 million investment in Fujian Sunner Development Co. Fujian Sunner, based in China, is a chicken meat producer.

execs leaving (1)

KKR merges teams after more leaders step down: Reuters

KKR & Co LP said it would merge some of its private equity industry teams in the United States after two more of its leaders stepped down, and as it prepares the ground for raising its next flagship North American buyout fund, Reuters News reported.


KKR leads $15 mln round for Artivest

Kohlberg Kravis Roberts & Co. has led a $15 million round for Artivest. Existing investors RRE Ventures, Peter Thiel, Nyca Partners, Anthemis Group and FinTech Collective also participated. New York-based Artivest offers a digital platform that connects private equity and hedge funds with suitable investors.


KKR, Anchor Equity to acquire Ticket Monster for $360 mln: Updated

Kohlberg Kravis Roberts & Co and Anchor Equity Partners have agreed to buy a controlling stake in Ticket Monster, a mobile commerce company based in South Korea. The seller is Groupon Inc, which will retain a minority stake in TMON. No financial terms were disclosed for the deal that is expected to close in the second quarter of this year. Canada Pension Plan Investment Board and Pavilion Capital will be co-investing in this transaction.


KKR’s second direct lending fund raises $1.34 bln

Kohlberg Kravis Roberts & Co. said Thursday that its second direct lending fund closed at $1.34 billion. KKR Lending Partners II LP began soliciting third party capital in 2014 and held a first close in June. KKRLP II received backing from public pensions, insurance companies, private banking platforms, family offices and individual investors, KKR said.

Sinha named KKR industry advisor

Kohlberg Kravis Roberts & Co. said Wednesday that Anand Sinha was named an industry advisor to the firm effective immediately. Sinha is the former Deputy Governor of the Reserve Bank of India.

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