Private Equity

KKR buys S&P engineering unit for $975m

Private equity giant inks acquisition despite subdued deals environment

KKR is buying S&P Global's engineering solutions business for about $975m in cash, acquiring a business that provides technical standards and related knowledge to architects, engineers and technical professionals.

"We see significant opportunities for engineering solutions to accelerate growth, expand its footprint and continue to innovate as an independent company," said KKR partner Webster Chua.

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