Buyout group expects Tokyo business reforms to bolster company profits
US private equity group KKR plans to boost its exposure to Japan, taking advantage of low corporate valuations and weakness in the yen to increase its investment in the country.
“Our commitment to Japan continues to go up, not only in private equity but in real estate, infrastructure and our credit business,” said Henry McVey, chief investment officer of KKR’s $25bn balance sheet, told the Financial Times in an interview. Over the past few years, KKR has identified Japan as one of its most important markets outside the US following a series of carve-out deals by Hitachi, Panasonic and other conglomerates seeking to sell their non-core businesses.
Danmark Seneste Nyt, Danmark Overskrifter
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