Private equity firm KKR is preparing for a stock market flotation or sale of Ger...
) is preparing for a stock market flotation or sale of German defence supplier Hensoldt in a potential 2 billion euro deal, people close to the matter said.
The buyout group has in recent weeks listened to bankers present options for exiting its investment, including a listing of 20-30% on the stock exchange or a sale to a defence group or private equity business next year, they said, adding KKR was expected to hire an adviser soon to help arrange a deal.) defence electronics business for 1.1 billion euros in 2016 and later rebranded it Hensoldt, naming it after a 19th century German maker of binoculars and telescopes.
Hensoldt has said it intends to double its revenues by 2022, benefiting from an expected European military spending spree. The company also supplies identification systems for combat jets, night vision devices, radars for civil air traffic control and systems for civil and military efforts to counter drones.
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