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KKR Said to Gauge Demand for IPO of Defense Firm Hensoldt (1)

Aug. 5, 2020, 11:47 AM

KKR & Co.has started gauging investor interest ahead of a potential initial public offering of its German defense supplier Hensoldt, people with knowledge of the matter said.

The private equity firm is aiming to kick off the share sale as soon as September on the Frankfurt Stock Exchange, the people said, asking not to be identified because the information is private.

KKR is considering seeking a valuation of as much as 3 billion euros ($3.5 billion), one of the people said. Investors may be offered 20% to 30% of Hensoldt through the listing, according to the person.

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