Top $510 Billion Private Equity Firm KKR Enters into Multi-Year Agreement with PayPal to Buy €40 Billion of Buy Now Pay Later Loan Receivables in France, Germany, Italy, Spain & United Kingdom KKRĢ0th June 2023 – PayPal Holdings, Inc. “ Top $510 Billion Private Equity Firm KKR Enters into Multi-Year Agreement with PayPal to Buy €40 Billion of Buy Now Pay Later Loan Receivables in France, Germany, Italy, Spain & United Kingdom, Investments Funded via KKR Private Credit Funds & Accounts “
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PayPal will remain responsible for all customer-facing activities, including underwriting and servicing, associated with its European BNPL products.” See below for full statement.
KKR: “ Under the terms of the agreement, KKR’s private credit funds and accounts will acquire substantially all the European BNPL loan portfolio held on PayPal’s balance sheet at the close of the transaction and will also acquire future originations of eligible BNPL loans. Top private equity firm KKR with $510 billion AUM (Assets under Management) has entered into a multi-year agreement with PayPal to buy up to €40 billion ($43.5 billion) of B uy Now Pay Later (BNPL) loan receivables in France, Germany, Italy, Spain & the United Kingdom, with the investments funded via KKR private credit funds & accounts. Top $510 Billion Private Equity Firm KKR Enters into Multi-Year Agreement with PayPal to Buy €40 Billion of Buy Now Pay Later Loan Receivables in France, Germany, Italy, Spain & United Kingdom, Investments Funded via KKR Private Credit Funds & Accounts
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