KKR invests $500 million in Box, gains board seat

kkr invests 500 million in box gains board seat

Sumary of KKR invests $500 million in Box, gains board seat:

  • The investment, amid pressure from hedge fund Starboard Value LP, would be executed through convertible preferred stock..
  • When the transaction is completed in May, John Park, head of Americas Technology Private Equity at KKR, will join Box’s board of directors..
  • Box added that Bethany Mayer, who joined the board after an agreement with Starboard a year ago, will replace Chief Executive Aaron Levie as chair, effective May 1….

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