KKR Supports SMART Global Holdings Acquisition of Penguin

SMART Global Holdings acquired Penguin Computing, a privately held company specializing in compute and storage solutions targeting applications in artificial intelligence, machine learning and high-performance computing.

Ares Credit Closes 49 Transactions Totaling $3B in Q1/18

The Ares Management Credit Group closed 49 transactions during Q1/18 closed which totaled approximately $3.0 billion in commitments.

Toys ‘R’ Us Winds Down U.S. Business, Will Liquidate 735 Stores

Toys “R” Us filed a motion seeking bankruptcy court approval to begin the process of conducting an orderly wind-down of its U.S. business and liquidation of inventory in all 735 of the company’s U.S. stores.

KKR Appoints Veyrat as Senior Advisor

KKR appointed Jacques Veyrat senior advisor for KKR’s investment activities in France. He will work closely with Henry Kravis, Johannes Huth and the wider EMEA leadership team.

13 Banks to Arrange Debt Financing for KKR Unilever Buy

Reuters reported 13 banks, including Credit Suisse and Deutsche Bank, have been charged with arranging a €5.65 billion ($7.03 billion) equivalent debt financing to back KKR’s €6.83 billion ($8.49 billion) acquisition of Unilever’s margarine and spreads business.

FS Investments, KKR Partner to Launch $18B Lending Platform

FS Investments and KKR entered into an agreement to create a business development company (BDC) platform with $18 billion in combined assets under management.

Goldman Sachs Provides $250MM Jersey City Funding Facility

Jersey City Funding, entered into a $250 million credit agreement with Goldman Sachs Bank.

UBS Agents $1.352B Gardner Denver Refi

Gardner Denver amended its credit agreement to refinance a $1.28 billion U.S. Dollar term loan and a €615 ($723.3) million senior secured Euro term loan facility with UBS as agent.

Reuters: Morgan Stanley, Others Support AMGH Acquisition of AMR

Reuters reported Air Medical Group, a KKR portfolio company, will borrow $2.2 billion to support its acquisition of American Medical Response. Morgan Stanley, Goldman Sachs, Jefferies, BofA Merrill Lynch, Credit Suisse, Citi and Numura are leading the bank group.

Credit Suisse Leads $2.2B Financing of KKR Nature’s Bounty Buy

Reuters reported that KKR has lined up $2.25 billion in debt financing for its leveraged buyout of vitamin-maker Nature’s Bounty.