KKR completed the acquisition of Tele Munchen Group.

KKR completed the acquisition if Tele Munchen Group, a media company specializing in TV and radio broadcasting. Financial terms were not disclosed. “I am proud of what we have achieved at TMG in the past four decades. Following much deliberation, I have decided to place my life’s work into the hands of KKR and thus to ensure that TMG, with its wonderful employees, may continue to grow and succeed,” Herbert G. Kloibe, TMG Managing Partner.