Citi, ML set to lead India's biggest LBO loan for KKR

Citigroup and Merrill Lynch are underwriting debt to finance Kohlberg Kravis Roberts' acquisition of an Indian software business, in India's largest leveraged buy-out so far.

  • 21 Apr 2006

KKR has agreed to pay around $900m for an 85% stake in the software development and solutions arm of Flextronics Corp, the Singaporean electronics manufacturing services group.

The transaction is set to be completed in the summer. Citigroup and Merrill Lynch will launch the deal into syndication in the ...

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