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.
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
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