KKR Acquires Fotolia

KKR Acquires Fotolia

Kohlberg Kravis Roberts & Co. today announced the completion of the acquisition of Fotolia, a provider of digital images and videos. “This investment is about providing entrepreneurial capital and further accelerating Fotolia’s phenomenal growth. We are excited to partner with the team that has built Fotolia from a startup into one of the world’s leading microstock platforms,” said Philipp Freise, Head of European Media Investments for KKR.

In May, KKR announced a $150 million growth equity investment in Fotolia. In addition, KKR, TA Associates and management worked with KKR Capital Markets and a number of relationship banks to put in place $150 million of senior financing for the company.

Fotolia is a provider of digital images and videos and operates websites in 15 countries in 11 languages (English, French, German, Spanish, Italian, Portuguese, Polish, Russian, Japanese, Turkish, and Korean). The company’s portfolio consists of over 17 million digital images and videos. The company was founded in 2005 and is based in New York, NY (www.fotolia.com).

“Our goal is to be the global source of inspiration for designers and buyers of creative content. We are extremely proud to have KKR join Fotolia as a lead investor. The extensive worldwide network of KKR will enable us to cement our global leadership in the stock photography industry,” said Oleg Tscheltzoff, co-Founder and CEO of Fotolia.

KKR makes private equity, fixed income and other investments in companies in North America, Europe, Asia and the Middle East. The firm has $62 billion in assets under management. In addition to its New York headquarters the firm has offices in Menlo Park, San Francisco, Houston, Washington DC, London, Paris, Hong Kong, Tokyo, Beijing, Mumbai, Dubai and Sydney (www.kkr.com).

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