KKR completed the acquisition of a majority stake in Selecta from Allianz.

KKR completed the acquisition of a majority stake in Selecta, a provider of vending and coffee services, from Allianz Capital Partners. Financial terms were not disclosed. "We are looking forward to reinforcing our trusted partnership with KKR, an experienced and reliable long-term investor who will help us further grow our business. Together, we have the strength to create additional value for our stakeholders. We would like to thank ACP for their support over the past eight years. ACP has actively accompanied the development of our business and laid the foundation for a successful future," Remo Brunschwiler, Selecta CEO.