Deals
KKR Nears Deal to Sell Coffee-Machine Maker WMF to SEB
- Deal values WMF at about $1.8 billion including debt
- France’s SEB also agreed to buy Germany’s Emsa last week
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Buyout firm KKR & Co. agreed to sell German silverware and coffee-machine maker WMF to France’s SEB SA in a deal valued at about 1.6 billion euros ($1.8 billion) including debt.
SEB will pay a purchase price of 1 billion euros for WMF, according to a statement Monday. WMF had 565 million euros of debt at of the end of 2015, and 125 million euros in pension liabilities, according to the statement.