Private equity moves from pure-play to blended — What you need to know

  • In June 2020, US-based beauty company Coty Inc. sold USD750m worth of preferred shares to KKR, to finance its restructuring initiatives
  • In May 2020, Apollo Global Management and Silver Lake Partners provided “anchor funding” to Expedia Group, in the form of USD1.2bn worth of perpetual preferred stock, for Expedia to strengthen its liquidity position
  • In April 2020, KKR purchased USD500m worth of convertible preferred shares in US Foods Holding Corp. (a US-based firm providing catering services) to fortify its balance sheet until the situation improves

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Acuity Knowledge Partners

Acuity Knowledge Partners

We write about financial industry trends, the impact of regulatory changes and opinions on industry inflection points. https://www.acuitykp.com/