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KKR Sells Deutsche Glasfaser to EQT and OMERS

KKR announced the signing of an agreement with EQT Infrastructure IV fund and OMERS, for EQT and OMERS to jointly acquire Deutsche Glasfaser. Deutsche Glasfaser was founded in 2011 and KKR acquired a majority position in 2015 from Dutch investor Reggeborgh. Under KKR’s ownership, Deutsche Glasfaser has become the fastest growing provider of gigabit internet connections through fiber-to-the-home in Germany. The closing of the transaction is expected in Q2 2020, subject to customary regulatory approval. Morgan Stanley acted as financial advisor to KKR and Clifford Chance served as legal counsel on the transaction.