KKR (KKR) agreed to acquire Arctos Partners in a deal that would value the sports and secondaries investor at approximately $1B and keep existing management in place, Bloomberg’s Allison McNeely and Preeti Singh report, citing people with knowledge of the matter. The firms are seeking approval for the transaction from the major U.S. professional sports leagues, the people said, asking not to be identified discussing confidential information.
Claim 50% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on KKR:
- KKR to acquire Arctos at $1B valuation, Bloomberg reports
- Midday Fly By: Nvidia launches Rubin platform, Vistra to acquire Cogentrix
- KKR among bidders to acquire TPG’s Southeast Asia school business, WSJ says
- KKR acquires Cheongna Logistics Center, terms undisclosed
- 5 Ways to Invest in Private Companies