trending Market Intelligence /marketintelligence/en/news-insights/trending/Lr1DmtE7iQ41zvWQJJRzRg2 content esgSubNav
In This List

KKR makes nonbinding offer to buy Australian Vocus Group

Blog

Insight Weekly: Bank boards lag on gender parity; future of office in doubt; US LNG exports leap

Blog

Insight Weekly: Job growth faces hurdles; shale firms sit on cash pile; Africa's lithium future

Podcast

Street Talk | Episode 99 - Higher rates punish bond portfolios, weigh on bank M&A

Blog

Insight Weekly: Loan growth picks up; US-China PE deals fall; France faces winter energy crunch


KKR makes nonbinding offer to buy Australian Vocus Group

KKR & Co. LP made a preliminary and nonbinding proposal to acquire Australian telecom company Vocus Group Ltd for $3.50 per share in cash.

The private equity firm's offer assumes Vocus Group's net debt as of June 30 will not be greater than A$1.1 billion and that the company's EBITDA for 12 months ending June 30 will be in line with the expected guidance of A$365 million to A$375 million.

Vocus Group has formed an independent board committee to consider the proposal, chaired by the company's independent Chairman David Spence. The company engaged Credit Suisse Group AG and Goldman Sachs Group Inc. as financial advisers and Allens as its legal adviser.

Vocus Group in May was reported to be in preliminary discussions to sell its data center business.

As of June 6, US$1 was equivalent to A$1.33.