Deals
KKR Pursues $700 Million Sale of Singapore's MMI to Chinese Fund
- Buyout firm in talks to sell MMI after holding for over decade
- KKR in talks to sell to Beijing HBH Innovation-affiliated fund
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KKR & Co. is in advanced talks to sell Singapore’s MMI Holdings Ltd. to a Chinese investor group, people with knowledge of the matter said, as it pursues an exit more than a decade after buying the hard-drive component maker.
KKR is negotiating a sale of MMI, the oldest Asian investment listed in its portfolio, to a private equity fund affiliated with Beijing HBH Innovation Industry Fund, according to the people. A deal could value the company at around $700 million, including about $400 million of debt, the people said. An agreement could be reached as soon as next month, one of the people said, asking not to be identified because the information is private.