KKR £6 billion acquisition of Unilever's spreads business

Overview:

• KKR has acquired Unilever's spreads business in a €6.8 billion deal.
• The deal is thought to be the biggest European LBO in 2017.
• The initial announcement of the auction came in April 2017.
• The target company's business operates in 66 countries and had turnover of €3 billion in 2016.
• It employs 2300 people and represents around 7% of Unilever's global business.
• It includes brands such as Becel, Flora, Country Crock, Blue Band, I Can't Believe It's Not Butter, Rama and ProActiv.

Katrin Kostadinova - Data analyst