Private Equity Group to Buy UniSource
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From Reuters
A group of investors led by financial buyout firm Kohlberg Kravis Roberts agreed to take Arizona electric and gas utility UniSource Energy Corp. private by buying it for $853 million.
The deal, which underlines the growing attraction of utilities’ assets to private equity investors, will see the buyers taking on a little over $2 billion of UniSource’s debt, valuing the whole transaction at $3 billion.
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