KKR Has Written Off 20% of Accell Investment: FD

KKR has written off 20% of its investment in Dutch bike-maker Accell, which it took private in a €1.56 billion deal in 2022, Dutch financial daily Het Financieele Dagblad writes, citing an investor in a KKR fund.

• NOTE: Troubles at KKR’s Dutch Bikemaker Push Lenders to Seek Advice
• While creditors organize and have engaged Houlihan Lokey, Accell has engaged Rothschild and Stibbe
• KKR couldn’t be reached for comment by the FD; Accell, Stibbe, Accell minority holder Teslin, and Rothschild declined to comment to the paper

To contact the reporter on this story:
Wout Vergauwen in Amsterdam at wvergauwen@bloomberg.net

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