KKR Is Said to Explore Options for NVC China Including Sale

KKR & Co. is exploring options for its majority stake in a commercial lighting manufacturer in China including a potential sale, according to people familiar with the matter.

The global buyout firm is working with advisers on a strategic review for its 70% stake in NVC Lighting’s China business, the people said, asking not to be identified as the information is private. A deal may fetch about $1 billion and a sale process may formally be launched later this year, though no final decision has been made and KKR could opt to keep the assets for longer, the people said. ...