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KKR Buys Into Spain’s Saba Infraestructuras

International investment firm Kohlberg Kravis Roberts & Co. has acquired a 12.5 percent holding in Saba Infraestructuras and in the process joined a group of Spanish firms as a co-owner.

International investment firm Kohlberg Kravis Roberts & Co. (KKR) has acquired a 12.5 percent holding in Saba Infraestructuras and in the process joined a group of Spanish firms as a co-owner, AltAssets reports. Saba Infraestructuras, a Spanish operator of car parks and logistics parks, was earlier spun off from Abertis, a publicly listed European infrastructure group.

Financial details of the transaction were not revealed. The other shareholders of Saba Infraestructuras are Criteria CaixaHolding, private investment firm Torreal and mid-market private equity group ProA Capital which will own 55.5 per cent, 20 per cent and 10.5 per cent stakes respectively after KKR’s investment is complete. KKR had $58.7 billion in assets under management as of September 30, 2011. Criteria CaixaHolding, a savings bank, is a wholly-owned subsidiary of laCaixa group.

Click here for the story from AltAssets.

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