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KKR Completes Acquisition Of Fotolia

By TechTaffy Desk

[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.

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