KKR Announces Investment in Avida

Paul, Weiss is representing Kohlberg Kravis Roberts & Co. (KKR) in its investment into Avida Holding AB and its subsidiary Avida Finans AB, a credit market company that offers financial solutions and services. Stockholm-based Avida currently operates in Sweden, Norway and Finland and has a customer base of over 75,000. The transaction is structured as a primary subscription tranche followed by a non-regulated tender offer, each subject to customary closing conditions. The deal is expected to close during the third quarter of 2020.

The Paul, Weiss team included, among others, corporate partner Mark Bergman.