Private equity firm KKR and Co. is looking for conglomerates and companies that want to deleverage their debt in a bid to help the companies gather working capital, according to chief executive Sanjay Nayar.
“Pure buyouts, significant buyouts, significant majorities, and very significant minorities” are the kind of deals we want to look at, Nayar told BloombergQuint in an interview. “These hopefully will be transformative deals which will improve the return on capital for larger conglomerates,” he added.
The time is right for KKR to step in as a “lot of assets are going down under because working capital is being squeezed” and banks are not lending, added Nayar.
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Source: Global Economy