KKR Agrees to Buy German IT Firm Datagroup at 33% Premium (2)

KKR & Co. has agreed to acquire German IT services firm Datagroup SE, marking another deal for the private equity firm during market turbulence.

The private equity firm plans to launch a tender offer to buy Frankfurt-listed Datagroup for €54 ($61) a share, according to a statement confirming an earlier report by Bloomberg News. The agreement provides a 33% premium to Datagroup’s closing price Tuesday, the companies said.

Concurrently, Max Hans-Hermann Schaber, the firm’s founder and chairman for the supervisory board, will transfer his 54% stake to the holding company controlled by KKR that is acquiring Datagroup. That ...