KKR to Acquire Sports Investor Arctos in $1.4 Billion Deal

KKR & Co. has agreed to acquire sports and secondaries investor Arctos Partners in a $1.4 billion deal, in a major push into a booming industry.

Arctos will become part of a new unit called KKR Solutions, which will be led by Arctos co-founder Ian Charles, according to a statement on Thursday.