KKR eyes China special situations amid economic slowdown
A build-out of its regional distressed assets team is to come as the private equity firm puts greater focus on China.
US private equity firm Kohlberg Kravis Roberts (KKR) believes China is ripe for opportunities in distressed assets, and has plans to set up a regional special situations team at a time when it is putting greater emphasis on mainland deals.
KKR Asset Management (KAM), which was established in 2004, will expand its global special situations group into Asia by mid-2012, focusing on corporate turnarounds, distressed debt, bankruptcy loans and rescue financing in the region, according …
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