KKR Buys Four Seasons Care Home Group Debt, Sunday Times Reports
By Howard Mustoe -
2012-02-12T13:26:01Z
KKR & Co., the private equity firm run by Henry Kravis and George Roberts, bought some of the loans of Four Seasons Health Care Group Ltd., a U.K. nursing home operator, the Sunday Times of London reported, without saying where it got the information.
Purchasing the debt may mean KKR can present a restructuring plan as Four Seasons renegotiates its borrowings, allowing the private equity firm to gain a controlling stake in the company, the newspaper reported. A KKR spokeswoman declined to comment.
To contact the reporter on this story: Howard Mustoe in London at hmustoe@bloomberg.net.
To contact the editor responsible for this story: Edward Evans at eevans3@bloomberg.net
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