The head of KKR & Co.’s private equity business in the UK and Ireland has decided to leave the firm just months after it closed its latest European buyout fund.
Tim Franks, a partner who also ran KKR’s private equity consumer team in Europe, the Middle East and Africa, joined from rival Advent International in 2017. He was involved in deals including KKR’s investment in haircare brand Wella and acquisition of Unilever Plc’s margarine and spreads business.
Separately, Daan Knottenbelt, the head of KKR’s Benelux business, will move to become chairman of its operations in that region.
Read the full story on Bloomberg here.