KKR, CPPIB Seek €1 Billion Debt to Buy Aviv From Axel Springer
- KKR Capital Markets, Deutsche Bank lead latest funding stage
- The loan forms part of overall €4 billion debt package
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Lenders are preparing a loan for about €1 billion ($1 billion) to fund the sale of Axel Springer SE’s real estate ads unit Aviv Group.
KKR Capital Markets and Deutsche Bank AG are leading the process, according to people familiar with the matter. It’s the latest part of a plan by KKR & Co., the Canada Pension Plan Investment Board and German billionaire Mathias Döpfner to split up media conglomerate Axel Springer.