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KKR exits WMF Group in €1.59bn deal

The New York-based private equity house agrees to sell a majority stake in WMF Group

Buyout giant Kohlberg Kravis Roberts has signed an agreement to sell its stake in the German coffee machine and kitchen utensil maker to French consortium Groupe SEB in a deal valued at approximately €1.59 billion including debt, according to a statement.

Groupe SEB will take on over €125 million of pension and early retirement liabilities and €565 million of assumed net debt.

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