KKR Is in Talks for $500 Million Private Debt to Fund FGS Deal
- Investment firm in early stages of plans with private lenders
- KKR is buying further stake in communications firm for $775m
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KKR & Co. is in the early stages of plans to finance its acquisition of public relations firm FGS Global with about $500 million of debt from private credit lenders, people with knowledge of the matter said.
The New York-based investment firm is buying an approximately 50% stake in FGS Global from British advertising agency WPP Plc for $775 million, in a deal announced earlier this month. This increases KKR’s stake in the business to about 80% from 30%.