Itochu Joins KKR in Samson Buyout - Wall Street Journal

Kohlberg, Kravis Roberts & Co. is making headlines with its $7.2 billion leveraged buyout of Samson Investment Co., one of the largest closely held oil and gas explorers in the U.S. But the deal, announced Wednesday, also involves a huge outbound investment by a Japanese company.

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The KKR-led consortium includes Japanese trading house Itochu, which will invest $1.04 billion for a 25% stake in the company. It is the largest outbound acquisition by Itochu on record, in a year when Japan's famed trading houses have generally been on buying spree across all sectors. Kohlberg, Kravis Roberts & Co. is making headlines with its $7.2 billion leveraged buyout of Samson Investment Co., one of the largest closely held oil and gas explorers in the U.S. But the deal, announced Wednesday, also involves a huge outbound investment by a Japanese company.

Itochu Joins KKR in Samson Buyout - Wall Street Journal