KKR to Sell Turkish U.N Ro-Ro Ferry Business

By Ercan Ersoy and Isobel Finkel Aug. 5 (Bloomberg) -- KKR & Co. agreed to sell its Turkish ferry business to a partnership of local private-equity firms Esas Holding AS and Actera Partners LP. Terms of the purchase of the U.N. Ro-Ro Isletmeleri AS operation won’t be disclosed, according to a joint statement from Esas, the owner of Turkey’s biggest low-cost airline, … [Read more...]

KKR’s Turkish Ferry Sale Said to Lure Offers From DFDS, Esas

July 2 (Bloomberg) -- KKR & Co.’s Turkish ferry unit, its sole investment in the country, has attracted binding bids from Danish shipping company DFDS Group A/S and an alliance of private-equity firms Esas Holding AS and Actera Partners LP, people with knowledge of the sale said. A deal for U.N. Ro-Ro Isletmeleri AS could come as early as this month, according to the … [Read more...]

KKR Said to Hire Goldman Sachs for Turkish Shipping Sale

Dec. 3 (Bloomberg) -- KKR & Co., the private-equity firm run by Henry Kravis and George Roberts, hired Goldman Sachs Group Inc. to sell its Turkish shipping company U.N. Ro-Ro Isletmeleri AS, three people with knowledge of the matter said. The New York-based buyout firm, which bought the operator of roll-on roll-off transport vessels for about 910 million euros ($1.23 … [Read more...]