KKR to Hand Selecta to Lenders Including Invesco in Debt Deal

Private equity firm KKR & Co is set to hand over Swiss vending machine operator Selecta Group to a group of creditors as part of a restructuring plan that will slash its outstanding debt by over €1 billion ($1.1 billion).

The group includes Invesco Ltd., Man Group Plc, Strategic Value Partners LLC and Diameter Capital Partners LP, according to people familiar with the matter, who asked not to be identified discussing private information. New funding of €330 million will also be provided to the company as part of the deal, Selecta said in a statement earlier on ...