KKR to enter joint bid for SAI Global


Continuing with its Australian expansion, KKR is now planning to enter a joint bid with Pacific Equity Partners for compliance company SAI Global (SGLOF). The two will make an offer before the July 15 bid deadline.

Pacific Equity previously launched a $1B non-binding proposal for SAI in May, but SAI Global related that other prospective buyers had also contacted it and therefore published more information about its business.

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Comments (3)
  • WPSPIKER
    , contributor
    Comments (1149) | Send Message
     
    Seems (KKR) has been on a buying spree. the low bid for (KFN) got them all the cash & deposits and they are making use of it...
    10 Jul 2014, 07:56 AM Reply Like
  • gmmpa
    , contributor
    Comments (672) | Send Message
     
    So we should expect a higher return on equity and shareholder value for KKR soon? I have not seen it yet. It is trading up 4% since the acquisition. This is just hot dog money. Not exactly the growth one would expect from a VC firm.
    11 Jul 2014, 09:28 AM Reply Like
  • WPSPIKER
    , contributor
    Comments (1149) | Send Message
     
    not sure what is going on with them. They sure have been spending the cash they got when they bought out KFN at a way under value that is for sure.
    11 Jul 2014, 01:05 PM Reply Like
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