KKR battling over Brazil acquisition with sellers, bank -sources



KKR & Co LP's (KKR.N) ill-fated takeover of a Brazilian data center provider has embroiled the private equity firm in a battle with the sellers in the deal as well as a key lender as it struggles to unwind the transaction on its own terms.
KKR's first-ever direct investment in Brazil, which entered its deep recession the year the takeover closed, underlines the hazards of acquisitions in Latin America's largest economy, especially for foreign investors less familiar with its workings.
The showdown over Sao Paulo-based Aceco TI has KKR accusing its former owners of concealing bribery and... read more

 
12 October 2016 in Business, Views: 54
Source: Reuters
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