London hedge fund hails ‘true, long-term partnership’ with KKR, which will have option to increase holding to up to 39.9%

The US private equity multinational KKR has taken a 24.9% stake and entered into a long-term strategic partnership with Marshall Wace, one of London’s best-known hedge funds.

Under the agreement, KKR – which had a big stake in Pets at Home, the pet care retailer that floated in London last year – will have the option to increase its holding in Marshall Wace to up to 39.9%.

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Source: The Guardian Circular Economy RSS