By Megan Cheah
KKR will invest $820 million to take a minority stake in Samsung SDS to boost the South Korean company's growth into a full-stack artificial-intelligence solutions provider.
Under the partnership, KKR-managed funds will buy 1.22 trillion won of convertible bonds newly issued by Samsung SDS, the two companies said Wednesday.
The U.S. private-equity giant will make its investment primarily through its Asia Fund IV.
Enterprise IT solutions provider Samsung SDS will use the funds to boost its infrastructure and capabilities, among other uses.
Samsung SDS will also collaborate with KKR on growth strategies and other value-creation initiatives, including expanding into new business areas.
KKR will serve in an active advisory capacity to Samsung SDS's management across areas such as mergers and acquisitions and capital allocation, the companies said.
Write to Megan Cheah at megan.cheah@wsj.com
(END) Dow Jones Newswires
04-14-26 2046ET
