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Thursday, January 13, 2011

KKR potentially interested in Sara Lee-sources, (NYSE: KKR), (NYSE: SLE)

Kohlberg Kravis Roberts & Co (KKR.N) is potentially interested in Sara Lee (SLE.N) and could possibly partner with an interested party as bidders emerge for the food group, two sources familiar with the situation said on Wednesday. Sara Lee recently has attracted interest from Brazilian meat processor JBS SA (JBSS3.SA) and from a group of private equity firms including Apollo Global Management [APOLO.UL], sources previously told Reuters. That consortium also includes Bain Capital and TPG Capital [TPG.UL], a separate source said. It was unclear what KKR would do, for example whether it might seek to join with interested parties such as JBS or possibly with a private equity consortium led by Apollo.

Source