Italian lubricant supplier FL Selenia SpA is changing hands again. Kohlberg Kravis Roberts & Co. has agreed to buy it from Vestar Capital Partners in a deal valued at 835 million (U.S. $1 billion), the private equity firms announced Monday.
KKR is the third investment firm to buy Selenia in the past five years, but it has deeper pockets than any of the previous owners. KKR officials said they plan to tap its resources to help Selenia management reach ambitious growth targets.
Get alerts when new Sustainability Blog articles are available.