Wall Street Journal June 4, 2014
LONDON — The Deal is the Private Equity Firm’s First Foray in Africa
For private-equity giant KKR & Co., a debut investment in Africa smells of sweetheart roses. Afriflora is an Ethiopian company that grows about 730 million of the flowers a year for export to Europe, making it a significant player in the east African country’s blossoming cut flower export industry. KKR is investing about $200 million from its $6.2 billion European fund to buy a stake in the company, according to a person…
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