Real Estate
KKR, Stonepeak to Buy UK Landlord Assura for £1.6 Billion
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Funds managed by KKR & Co. and Stonepeak Partners LP have agreed to buy UK medical landlord Assura Plc for £1.6 billion ($2.1 billion) in cash, according to a statement Wednesday.
The private equity firms have offered to buy the company for 49.4 pence per share and a quarterly dividend that was due to be paid in April, it said. That represents a 31.9% premium to Assura’s share price before the bid became public and is in line with the company’s most recent valuation.