KKR Said to Hand Embattled Payments Firm Unzer to Creditors (1)

Private equity giant KKR & Co.is poised to hand over embattled payments firm Unzer to a group of creditors, according to people familiar with the matter.

Debt providers Alcentra Asset Management Ltd, Goldman Sachs Asset Management and Partners Group have agreed in principle to take over a majority stake in Unzer, providing fresh equity while foregoing some debt, said the people, who declined to be identified because the information is private.

KKR is set to retain a minority interest as part of the deal, they said. The transaction still requires regulatory approval, the people said.

“Unzer has recently ...