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CPPIB and KKR will invest in German publisher Axel Springer

Oct 15, 2019 - peHUB
Mergers and Acquisitions

Canada Pension Plan Investment Board and KKR will acquire a stake in Axel Springer, a German publishing firm. CPPIB’s financial commitment will be at least 500 million euros.

PRESS RELEASE

TORONTO, Oct. 15, 2019 /CNW/ – Canada Pension Plan Investment Board (CPPIB) announced today that it will invest, through its wholly owned subsidiary CPPIB Europe S.à r.l, alongside funds advised by KKR, in Traviata I S.à r.l., a holding company that is conducting the voluntary public tender o...