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New Deal


Announced

KfW to acquire a 25.1% stake in HENSOLDT from KKR for $562m.

Financials

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Transaction Value£383m
Consideration TypeCash
Capital Owned-
Capital Bid For25%
EV/Sales2x
EV/EBITDA11x
Share Price Premium-
One Off Charge-

Tags

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Friendly

Private

Pending

Acquisition

Minority

Domestic

Single Bidder

supply sensors

Electronic Equipment: Other

Germany

Private Equity

Synopsis

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KfW, a German investment fund, agreed to acquire a 25.1% stake in HENSOLDT, a German defence supplier, from KKR for $562m. Germany’s Cabinet decided in December to buy the stake in order to prevent “unfriendly powers” from getting hold of things such as sensors and encryption technology for military use.

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