[Techtaffy Newsdesk]
Kohlberg Kravis Roberts (KKR) has completed the acquisition of Fotolia.
On 16 May, KKR announced a $150 million growth equity investment in Fotolia. In addition, KKR, TA Associates and the Fotolia management worked with KKR Capital Markets and a number of relationship banks to put in place $150 million of senior financing for the company.
Founded in 2005, Fotolia offers its users over 17 million digital images and videos. Fotolia is a microstock platform in Europe and is ranked among the top stock photography websites globally. Photographers receive commissions from each image that is licensed via Fotolia.