KKR Invests in Channel Control Merchants
June 8, 2015Discount Retailer Poised for Growth with New Equity Infusion
“We are pleased to have the backing of a sophisticated investment
partner who has deep industry expertise investing in the retail sector.
KKR understands our business well and shares our vision for the future.
This is an exciting new chapter for our growing retail and export
businesses and we look forward to our partnership with KKR,” said
Owned by
“CCM is led by an entrepreneurial and accomplished management team and
the company offers an unmatched value proposition to corporations and
consumers. We are thrilled to partner with Rob, Steven, and the entire
CCM team as they look to extend the concept into existing and new
markets” said
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 260 private
equity investments in portfolio companies with a total transaction value
in excess of
KKR has a long history of investing in and growing leading retail
companies. KKR is making the investment from its North American XI
private equity fund.
Goldman Sachs served as financial advisor and
About Channel Control Merchants
About KKR
KKR is a leading global investment firm that manages investments across
multiple asset classes including private equity, energy, infrastructure,
real estate, credit, and hedge funds. KKR aims to generate attractive
investment returns by following a patient and disciplined investment
approach, employing world-class people and driving growth and value
creation at the asset level. KKR invests its own capital alongside its
partners’ capital and brings opportunities to others through its capital
markets business. References to KKR’s investments may include the
activities of its sponsored funds. For additional information about
View source version on businesswire.com: http://www.businesswire.com/news/home/20150608005735/en/
Media:
Channel Control Merchants
steven.wisch@ccmllc.com
or
KKR
Kristi.Huller@kkr.com
Source: KKR
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