# KKR to acquire Viridor from Pennon Group for £4.2 billion

Pennon Group has agreed to sell Viridor, a UK recycling and residual waste business, to KKR for an enterprise value of £4.2 billion. The transaction is expected to complete in summer 2020.

- Type: Acquisition
- Announced: 2020-03-18
- Where: United Kingdom
- Value: $5.20B (4.20B GBP)
- Status: announced
- Products: recycling and residual waste management services

## Companies

- [Pennon Group](https://endata.com/companies/45996.md)
- [Viridor](https://endata.com/companies/3489.md) (target)
- [KKR](https://endata.com/companies/16879.md) (acquirer)

## Sources

- [pennon-group.co.uk](https://www.pennon-group.co.uk/media/news/proposed-sale-viridor-%C2%A342-billion-kkr), 2020-03-18: "Pennon Group Plc is pleased to announce that it has entered into an agreement for the sale of Viridor Limited to Planets UK Bidco Limited, a newly formed company established by funds advised by KKR, for an Enterprise Value of £4.2 billion."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.