Private equity group KKR (KKR.N) plans to exit MMI Holdings through a Singapore stock market listing, which could raise more than S$1 billion ($770 million), sources with direct knowledge of the matter told Reuters on Friday. Kohlberg Kravis Roberts & Co has hired Deutsche Bank (DBKGn.DE), Macquarie Group (MQG.AX) and UBS AG (UBSN.VX) to manage the sale, the sources added. KKR took the company private in 2007 for S$1.01 billion. MMI is a precision engineering firm which specialises in electrical and mechanical parts for computer hard disks. KKR, UBS and Deutsche declined comment, while Macquarie was mot immediately available.
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