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KKR is initiating a sale process for its Philippines hospital business, valued at approximately $3 billion. This move comes as KKR also seeks to finance its acquisition of public relations firm FGS Global with around $500 million in debt from private credit lenders. In a separate transaction, Carrier Global is set to sell its commercial and residential fire business to Lone Star Funds for $3 billion, marking the fourth business unit divested by Carrier in the past two years. The sale is expected to be finalized by the end of 2024, completing Carrier's strategy to streamline its operations.
Carrier Global $CARR will sell its commercial & residential fire business to Lone Star Funds for $3B. That's the last of four subsidiary deals Carrier aimed to complete https://t.co/hLKYwMv2Jj
This is the fourth business unit Carrier, one of South Florida's top public companies, has sold in the past two years. https://t.co/8Y1hWN0lm3
Carrier Global to Sell Commercial, Residential Fire Business to Lone Star for $3 Billion Sale to the private-equity firm is expected to complete by the end of 2024 via @ColinKellaher @WSJ #PrivateEquity https://t.co/12F8IwgnFS
