KKR & Co. is considering a sale of market research provider GfK in a record year of buying and selling by private equity firms in Germany, according to people familiar with the matter.
The buyout firm is working with Goldman Sachs Group Inc. as it considers options for the company, which is known for its suite of consumer confidence indexes, the people said, asking not to be identified discussing confidential information.
KKR bought GfK in 2017 in a roughly 1.6 billion-euro ($1.8 billion) take-private deal led by Philipp Freise, who now serves at the firm’s co-head of European private equity.
Germany has become a hot bed of private equity activity this year and a sale of GfK could attract other buyout firms, according to the people familiar with the matter. Private equity firms have been involved in $92 billion of deals involving German targets this year, an annual record, Bloomberg data show.
Read more/Source: BNN Bloomberg
