KKR to acquire a 76% stake in Avida for $137m.

KKR agreed to acquire a 76% stake in Avida, a commercial bank for $137m. “We are very pleased to have KKR as a new major shareholder in Avida. KKR has an excellent track record and deep experience in the financial sector globally, and we believe we have found the best possible partner for the company. We now have the right owners that can provide the necessary funding and long-term view that will allow the company to capture the significant growth potential we see in the Nordic market,” Geir Olsen, KKR Chairman.