Private equity giant KKR & Co. is poised to hand over embattled payments firm Unzer to a group of creditors, Bloomberg News reported. Debt providers Alcentra Asset Management Ltd, Goldman Sachs Asset Management and Partners Group have agreed in principle to take over a majority stake in Unzer, providing fresh equity while foregoing some debt. KKR is set to retain a minority interest as part of the deal. The transaction still requires regulatory approval. “Unzer has recently received substantial funding to accelerate its growth following an agreement with our shareholders and a consortium of existing investors,” KKR and Unzer said in a joint statement. “The new investment strengthens our capital structure and bolsters our liquidity” and KKR will continue to have an economic interest in the payments firm, the statement said, without providing further details.
