ARC Associates, a specialist investment banking and advisory firm to the TMT, financial services and property sectors announces that it has acted as financial advisors to Kohlberg Kravis Roberts & Co. L.P. ("KKR"), in their investment of EUR 50 million in KKF.net AG, a leading provider of DSL and Internet services in Germany.
This transaction is a significant move for KKF as it provides the opportunity for KKF to take advantage of their early lead in the provision of DSL-based broadband connectivity and value-added services in Germany. In March 2000, KKR acquired Tenovis, a leading supplier of voice communication systems to business customers.
KKR is a private investment firm that makes equity investments for long-term appreciation. The firm's approach is focused on investing in attractive businesses and working closely with management to design and implement value creating strategies.
ARC Associates is a specialist investment banking and advisory firm to the telecommunications, media, technology, financial services and property sectors.
Contact:
John Allen, Chairman
ARC Associates
+ 44 (0) 20 7614 4000