News & Events

The Firm is serving as antitrust counsel to KKR Asset Management LLC ("KAM"), a leading sub-investment grade manager wholly-owned by Kohlberg Kravis Roberts & Co. L.P. ("KKR"), which announced that it has agreed to provide €220m long term financing to Selecta ("the Company"). The investment is part of a comprehensive re-financing of the Company's capital structure, providing flexibility for investments in the machine park and implementation of the ongoing growth strategy. 

Selecta is Europe's largest independent pan-European vending machine operator, with operations in 21 countries, including France, Switzerland, Sweden, UK and Germany. The company operates c. 135,000 vending machines, employing c. 4,500 people, and serving over 6 million customers daily. Selecta's business is made up of a combination of private vending, public vending, office coffee services, trade business and technical services.  The transaction is subject to customary regulatory approvals.

The matter is being handled by antitrust counsel in the Firm’s New York and London offices, including David Vann, Ellen Frye and Preston Miller.