KKRÆs Flextronics buyout to boost the Asian LBO market

KKR loan deal promises to be largest LBO financing from India ever.

The syndicated loans market is on watch as the largest leveraged buyout LBO facility out of India gains momentum. US private equity giant Kohlberg Kravis Roberts KKRÆs $900 million acquisition of Flextronics Software Systems has provided banks a rare chance to get in on a $360 million seven year financing that may prove to be a benchmark for Indian LBOs to come.

Joint bookrunners Citigroup and Merrill Lynch have structured a seven year multi-tranche facility that, according to...

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