The debt vehicles of buyout firms Kohlberg Kravis Roberts and Permira risk falling foul of German law, after it emerged that they had bought back loans owned by their portfolio company ProSiebenSat.1.
The debt vehicles KKR Fixed Income and Permira Debt Managers was revealed to have bought â¬100m ($141m) of senior debt related to the portfolio of German media company ProSiebenSat.1 at 70% to face value.
