KKR Settles for Less in Germany

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KKR Settles for Less in GermanyThe U.S. private equity firm’s 6.8 billion-euro ($7.7 billion) deal to take Axel Springer SE private with its founding family comes with some big compromises. This is far from a conventional LBO. Friede Springer, of the newspaper publisher’s founding family, and Mathias Doepfner, its chairman and CEO, aren’t selling their combined 45% holding and will stay in the driving seat.


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