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February 20, 2014updated 04 Apr 2017 2:29pm

KKR completes acquisition of Avoca Capital

American private equity firm KKR & Co. has completed the acquisition of European credit investment manager Avoca Capital.

By Verdict Staff

American private equity firm KKR & Co. has completed the acquisition of European credit investment manager Avoca Capital.

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How attractive are current investment opportunities in Europe?

Europe has been identified as one of the most favorable regions for investors, seeing high investment activity in the past year. Most of these investments have been through Debt Offering, valued at close to $700 billion. The region has provided attractive investments in a diverse set of companies. Companies who tend to major themes such Digital Media, Cloud, Artificial Intelligence, E-commerce, and Big Data are recording the highest number of deals, with Digital Media recording close to 2,000 deals. However, GlobalData’s whitepaper offers a full view of the market, analyzing less successful or attractive points of investment as well, examining statistics on Equity Offering investments and PE/VC deals. Understand how government agencies for economies around the world use GlobalData Explorer to:  
  • Track the M&A and Capital Raising volumes into their target market
  • Identify the top sectors in the target market attracting the investments
  • For any investment segment, identify the top Investors inside and outside the target economy that are already investing in the Segment
  • Assess and showcase the growth potential for various Industries in the target economy
Don’t miss out on key market insights that can help optimize your next investment – read the report now.
by GlobalData
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With this acquisition, KKR currently has over US$30 billion in credit assets in its multi-strategy credit platform operating globally in Dublin, New York, London, San Francisco and Sydney.

According to KKR, the investment strategies will cover the entire capital structure in credit from senior loans to long short credit, structured credit, convertible bonds, mezzanine, and special situations.

It is reported that all Avoca employees in Dublin and London will be moved to KKR while KKR aims to expand its presence in Ireland in the future.

Alan Burke, co-chief executive of Avoca, said: "We look forward to working with our new colleagues in providing flexible debt capital to our corporate client base across Europe in the coming years."

Craig Farr, member and head of credit and capital markets businesses at KKR, added: "We look forward to working with the Avoca team and being in a position to provide an enhanced credit product offering in the future."

Free Report
img

How attractive are current investment opportunities in Europe?

Europe has been identified as one of the most favorable regions for investors, seeing high investment activity in the past year. Most of these investments have been through Debt Offering, valued at close to $700 billion. The region has provided attractive investments in a diverse set of companies. Companies who tend to major themes such Digital Media, Cloud, Artificial Intelligence, E-commerce, and Big Data are recording the highest number of deals, with Digital Media recording close to 2,000 deals. However, GlobalData’s whitepaper offers a full view of the market, analyzing less successful or attractive points of investment as well, examining statistics on Equity Offering investments and PE/VC deals. Understand how government agencies for economies around the world use GlobalData Explorer to:  
  • Track the M&A and Capital Raising volumes into their target market
  • Identify the top sectors in the target market attracting the investments
  • For any investment segment, identify the top Investors inside and outside the target economy that are already investing in the Segment
  • Assess and showcase the growth potential for various Industries in the target economy
Don’t miss out on key market insights that can help optimize your next investment – read the report now.
by GlobalData
Enter your details here to receive your free Report.

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