KKR to Sell GeoStabilization International To Leonard Green & Partners; All 900+ GSI Employee Owners To Earn Cash Payouts, With Longest Tenured Hourly Employees Each Receiving Over $325,000 In Proceeds; Financial Terms Of Transaction Not Disclosed
Portfolio Pulse from Benzinga Newsdesk
KKR is selling GeoStabilization International to Leonard Green & Partners. The sale will result in significant cash payouts for GSI's 900+ employee owners, with the longest-tenured hourly employees receiving over $325,000 each. The financial terms of the transaction were not disclosed.
September 26, 2024 | 7:42 pm
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KKR is selling GeoStabilization International to Leonard Green & Partners, resulting in a fivefold return on equity for KKR. This transaction highlights KKR's successful investment strategy.
The sale of GeoStabilization International by KKR to Leonard Green & Partners is a significant transaction, delivering a fivefold return on equity for KKR. This demonstrates KKR's effective investment strategy and could positively impact its stock price in the short term.
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