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KKR invests in discount retailer Channel Control Merchants :

Jun 09, 2015 - The Deal Pipeline

Kohlberg Kravis Roberts & Co. (KKR) has made an investment in discount retailer Channel Control Merchants LLC. Terms of the equity financing were not disclosed in Monday's announcement.

KKR's investment comes from North America Fund XI LP, which closed in 2013 with $9 billion. Hattiesburg, Miss.-based Channel Control Merchants is an extreme value retailer and exporter of brand sensitive secondary market inventories. The company specializes in the purchase and resale of store lev...