Henry Kravis News

Turkey Ferry Auction Attracts Multiple Bids

Private equity firm KKR & Co LP has attracted binding bids from Danish shipping company DFDS A/S and an alliance of PE players Esas Holding AS and Actera Partners LP for its Turkish ferry unit, Bloomberg reported on Wednesday, citing sources. U.N. Ro-Ro Isletmeleri AS, KKR's sole investment in Turkey, has also received interest from local infrastructure investor Global Yatirim Holding AS, though the company had not submitted a bid, the news agency quoted people with knowledge of the sale as saying. KKR could not immediately be reached for comment. The Esas-Actera joint bid was "best-placed" to succeed, two sources told Bloomberg, adding that a buyer could be chosen before the end of July.