KKR to Acquire Sports Investor Arctos in $1.4 Billion Deal

KKR & Co. has agreed to acquire sports and secondaries investor Arctos Partners in a $1.4 billion deal, in a major push into a booming industry.

Arctos will become part of a new unit called KKR Solutions, which will be led by Arctos co-founder Ian Charles, according to a statement on Thursday.

The cash-and-equity deal is initially valued at $1.4 billion plus further potential equity payouts of up to $550 million. The initial consideration includes $300 million of cash .Early investors in Arctos include Goldman Sachs Asset Management.

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