KKR & Co. is gearing up for a potential flotation or sale of German defense company Hensoldt GmbH for €2 billion, Reuters reported, citing people close to the matter.
Bankers have presented options to the private equity giant in recent weeks for exiting its investment in Hensoldt, sources said. These include listing a 20% to 30% stake in the business or selling it to another defense company or private investor in 2020.
KKR, which did not comment on the matter, is set to hire an adviser soon to help arrange the potential deal, according to the report.
