KKR (KKR) Sweetens Offer Terms for Datagroup as Acquisition Process Advances

On June 2, Reuters reported that, in a development related to KKR & Co. Inc.’s (NYSE:KKR) proposed acquisition of German IT services firm Datagroup SE, the private equity firm has increased its initial bid under certain conditions. As per the updated terms disclosed on June 2, 2025, KKR now proposes to pay up to €58 per share, an increase from the original all-cash offer of €54 announced in April.

Under the revised terms, the offer increases to €56.50 per share if KKR acquires at least 80% of Datagroup’s outstanding shares, and rises further to €58 if the 90% threshold is met. If any of these levels are not achieved, the offer will remain at the original €54.00 per share. Importantly, KKR has made clear that no further increase in the offer price will be made. The acceptance period remains open until June 6, 2025, and the transaction is still expected to close in the third quarter of 2025.

A close-up of a hand signing a contract, symbolizing deals being made in private equity and buyouts.

This revised offer comes after the initial announcement on April 15, 2025, when Datagroup and KKR, through one of its investment vehicles, entered into an investment agreement. At that time, the offer price of €54 per share represented a 33% premium to Datagroup’s last-traded price, valuing Datagroup at approximately €450 million. Notably, both boards expressed their support for the transaction, considering the offer terms to be fair and attractive, and committed to tendering their shares.

According to Reuters, Datagroup, with approximately 3,700 employees across Germany, had guided for revenues between €545 million and €565 million for the current fiscal year, as of its March update. As part of the agreement, Datagroup will be delisted upon completion of the transaction.

KKR & Co. Inc. is a global investment firm that manages a range of alternative asset classes, including private equity, infrastructure, real estate, and credit.

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