KKR completed the acquisition of a 55% stake in Axel Springer for $4.9bn.

KKR, a private equity firm, through Traviata II, a holding company owned by KKR, completed the acquisition of a 55% stake of Axel Springer, a media and technology company for $4.9bn. The offer values the company at €63 ($71) per share. CPPIB decided to back KKR in October 2019 with a €500m ($552m) investment. “Building lasting and trusted relationships with companies worldwide is the core of what we do at KKR. We have a long track record of collaborating with entrepreneurs, families, leaders, and founders who are looking both for capital and a strategic partner who supports their vision. We are pleased to join Axel Springer on its journey ahead.” Johannes Huth, KKR EMEA Member, and Head.