Mr. Nitzan added, "Together with General Atlantic, we have achieved the growth objectives we set out to undertake, and we proved that growth capital is a model that works well for Aceco, but our growth story is far from complete. We believe our offerings to customers are second to none, and our new partnership with KKR will help fuel further growth across Latin America and beyond. We have evolved as technology has evolved and this is an important next step in the long journey of Aceco’s evolution.”Commenting on the transaction, Alex Navab, co-Head of KKR’s Private Equity business in the Americas said, “This is an important milestone that underscores our long-term commitment to partnering with companies in Brazil and throughout the Latin American region. We are delighted to be acquiring a world-class enterprise such as Aceco in partnership with Jorge Nitzan and the management team as well as making our first direct investment in Brazil.” For nearly four decades, KKR’s private equity franchise has focused on investing in quality companies and partnering with management teams to help them grow. Since 1976, KKR has completed more than 230 private equity investments in portfolio companies with a total transaction value in excess of $485 billion as of December 31, 2013. When making private equity investments, KKR seeks out strong business franchises, with attractive growth prospects, and leading market positions, making Aceco TI a perfect addition to the firm’s diverse portfolio of companies. Of KKR’s global private equity portfolio companies, fourteen have employees and run operations in Brazil, including First Data, Nielsen, and Go Daddy. KKR is making the investment though its eleventh North American private equity investment fund. Additional financial details were not disclosed. The transaction is subject to customary regulatory approvals and other closing conditions. About Aceco TI Aceco TI has a history of almost 40 years dedicated to the engineering of secure data centers with high levels of availability, having built more than 750 data centers in Brazil and Latin America, many of them with certified and accredited safe rooms. Headquartered in São Paulo, with branches in Brasilia, Rio de Janeiro, the interior of São Paulo, Argentina, Chile, Colombia, Costa Rica, Mexico, Peru and representatives in other countries of Latin America, Aceco TI is present in design, construction and maintenance of Tier II, III and IV data centers and in certified and accredited tight-protected safe rooms.
About KKRFounded in 1976 and led by Henry Kravis and George Roberts, KKR is a leading global investment firm with $94.3 billion in assets under management as of December 31, 2013. With offices around the world, KKR manages assets through a variety of investment funds and accounts covering multiple asset classes. KKR seeks to create value by bringing operational expertise to its portfolio companies and through active oversight and monitoring of its investments. KKR complements its investment expertise and strengthens interactions with fund investors through its client relationships and capital markets platform. KKR & Co. L.P. is publicly traded on the New York Stock Exchange (NYSE: KKR) and "KKR", as used in this release, includes its subsidiaries, their managed investment funds and accounts, and/or their affiliated investment vehicles, as appropriate. For additional information, please visit KKR's website at www.kkr.com.