KKR completed the acquisition of a majority stake in NVC Lighting’s China Lighting Business, a manufacturer and distributor of branded lighting products through a robust distribution network across China, for $794m. “We are thrilled to welcome KKR as a new shareholder in NVC China to position this business for its next phase of growth. We are confident that the resources and operating expertise that KKR brings to the NVC China team will be extremely valuable for the long-term success of this business. We are excited to remain invested in NVC China alongside KKR which will allow NVC International and its shareholders to continue to benefit from the Company’s future successes,” Wang Donglei, NVC International Chairman of the Board.