Saw an article that said in 2014 they acquired for $985m in 2014, and today, 11 years later they are trying to flog for $1.5bn.
Isn’t this like a 4/5% IRR?
Let me know if I’ve got the wrong end of the stick.
Purchase price: https://www.reuters.com/article/business/exclusiv…
Merger links: https://www.linkedin.com/posts/mergerlinks_kkrs-g…
Edit: just saw another article that said they were trying to sell it mid last year for $1.8bn. Damn.
| +142 | What’s “the path” now? | 56 | 1d |
| +105 | Is Everyone Too Bearish on PE? | 34 | 6h |
| +48 | Why would anyone do PE in long term in 2026? | 13 | 1d |
| +37 | 3rd Year IB Analyst, Top Bucket, Still No PE Offer. What Would You Do? | 19 | 1d |
| +25 | Is This Normal in LLM PE | 10 | 5d |
| +24 | Q&A: What It’s Actually Like Working at an Independent (Fundless) Sponsor | 4 | 2d |
| +21 | UMM PE or High Paying Strat Finance? | 13 | 21h |
| +21 | Striking out in last rounds | 2 | 4d |
| +15 | Overwhelmed by amount of data / granularity | 3 | 2d |
| +15 | DELETE | 1 | 1d |
Career Resources
Get instant access to lessons taught by experienced private equity pros and bulge bracket investment bankers including financial statement modeling, DCF, M&A, LBO, Comps and Excel Modeling.
not close to it, nor do I have the desire to look into it, but prob took dividends out
They could have been pulling money out the entire time through dividend recaps for all we know. There's more ways to make money than just the exit valuation.
Ever heard of leverage
Itaque consequatur veritatis ex fugit qui dolorum. Explicabo dolores id commodi eveniet dolor. Praesentium consequatur sed temporibus quo hic voluptates deserunt. Velit repellat nemo magnam quod incidunt. Voluptas et id id commodi dolorem.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...