KKR to buy $820 million in Korean IT firm Samsung SDS’ convertible bonds
Investment firm KKR said on Tuesday it will buy $820 million in newly issued convertible bonds of IT services firm Samsung SDS, an affiliate of Samsung Electronics.
As part of the deal, KKR will take an active advisory role with Samsung SDS’s management, including on mergers and acquisitions and capital allocation.
Samsung will use the investment to build its infrastructure and expand its artificial intelligence services.
