Deals
KKR Mulls Dropping Banks for Private Credit to Fund Ivirma Deal
- Four banks had underwritten loans for the buyout deal in April
- Funding U-turn comes as volatility stymies credit markets
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KKR & Co. is considering a U-turn on the financing of its acquisition of Ivirma Global, by switching to direct lenders just two months after a group of four banks beat out private credit firms for the deal.
The private equity giant is holding talks with direct lenders to see if they can step in to finance the deal for the fertility treatment provider, with a decision expected within the next couple of weeks, according to people familiar with the matter, who asked not to be identified because the talks are private. A spokesperson for KKR declined to comment.