KKR Mulls Bid For Axa PE Unit
KKR & Co. is considering a bid for French insurance company Axa’s private equity division.
KKR & Co. is considering a bid for French insurance company Axa’s private equity division, Bloomberg reports. Canada’s biggest pension fund manager Caisse de Depot et Placement du Quebec is also weighing purchase of Axa Private Equity. Axa is offloading the unit, which runs about $28 billion, to concentrate on insurance. Axa PE, with a headcount of 251 in Europe, New York and Singapore, may fetch about €500 million.
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