Can a private equity change its stripes? OHB says KKR’s planned purchase of 37% stake shows it can

by Peter B. de Selding

TUPPER LAKE, NY — Space hardware and services provider OHB SE agreed to let renowned private-equity investor KKR take a 37% share of OHB equity after concluding that remaining a publicly listed small-cap company with little share liquidity would not provide the financial resources needed for growth.

By most private-equity standards, KKR’s offer looks like a remarkable belief in OHB’s growth prospects, especially since the transaction appears to leave the U.S.-based company with no avenue to take a controlling interest.

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