Kkr, all on the American fund that points to Tim
Names, numbers, portfolio and objectives of the American fund Kkr which presented an expression of interest to take over Tim (appreciated by the top management of the former Telecom Italia?)
More than 400 billion dollars administered, a 'team' made up of nearly 1,700 employees and consultants, and over 550 analysts capable of piloting and advising investments from a network located in 20 cities of 16 different countries on 4 continents.
These are the numbers of Kkr, the US fund whose full name is Kohlberg Kravis Roberts & co. who presented an expression of interest to take over Tim, according to rumors of the newspaper Libero days ago and today of Corriere della Sera .
THE FORCING OF ANTI GUBITOSI VIVENDI
All this while the first shareholder, the French group Vivendi, is at work on Tim, which wants to replace the current CEO, Luigi Gubitosi ( here the in-depth analysis of Startmag ). For this reason, according to some observers, the move of the American fund would not be unwelcome to the current leaders of the former Telecom Italia.
THE ORIGINS OF THE KKR FUND
Founded in 1976 in New York by Jerome Kohlberg Jr. and his cousins Hwenry and George R. Roberts – as recalled by an Ansa card – in recent years Kkr has made investments in over 160 companies ranging from infrastructure sectors (one of the most popular from the fund) to energy, from real estate to credit.
THE PORTFOLIO OF THE KKR FUND
His portfolio includes investments in companies such as Alliance Boots, Del Monte, Kodak, Prosiebensat1 and Axel Springer, the German media group of which he later became the largest shareholder by writing a check for 3.2 billion dollars for a share of the 43.54% of the share capital.
THE HISTORY OF THE FUND
In 2007, however, Kkr was the architect of the acquisition of Txu, an operation that up to that moment was the largest buyout in history. It has been listed on the New York Stock Exchange since July 2010.
KKR'S ENTRY IN FIBERCOP-TIM
The Kkr fund also has software companies, fiber network providers, IT companies in its portfolio, underlining the focus on the digital and telecommunications sectors. FiberCop is the most important investment in Italy: 1.8 billion euros for 37.5% of the company, of which Tim has retained 58%, which was added to Cmc Machinery in Città di Castello, the other Italian investment of the fund.
THE MEN OF THE KKR FUND IN ITALY
On Italy, Kkr moves from London. It did so for the FiberCop operation, managed by Alberto Signori, managing director of Kkr responsible for the infrastructure business for Europe, the Middle East and Africa.
THE ITALIAN MOVES OF THE KKR FUND
"A year ago the US fund – Corriere della Sera recalled today – took over 37.5% of the company to which Tim conferred the last mile of the network, with the aim of replacing copper with fiber optician, and has continued to converse with the telephone group ever since. In the past few weeks someone has talked about an interest to go up in FiberCop. The dossier was actually more substantial and concerned Tim's much broader perimeter, so much so that in this case it would not have been the infrastructure division to set up the operation, but a transversal team of super-experts led by the German Johannes Hutz, number one of Kkr in Europe".
(article updated at 1 pm)
This is a machine translation from Italian language of a post published on Start Magazine at the URL https://www.startmag.it/economia/kkr-tutto-sul-fondo-americano-che-punta-a-tim/ on Sun, 21 Nov 2021 10:53:01 +0000.