Investment Firm KKR May Sell Tarkett Stake
New York, NY, March 21, 2013 -- KKR & Co. is preparing to sell its 50% stake in Tarkett SA, according to a Bloomberg story.
The deal could value Tarkett at between $2.5 billion and $3.8 billion, Bloomberg said, citing five unidentified sources. The Deconinck family, which owns the rest of Tarkett, reportedly isn’t planning to sell its stake. The firm has been jointly owned since 2007.
Tarkett had sales last year of $3 billion last year. Its EBITDA excluding one-time items rose 36% to 260 million euros. Last year’s acquisition of Tandus, a specialist in commercial carpet flooring in North America, could boost Tarkett’s Ebitda to 295 million euros, Bloomberg said.