GIC: Mass., Apr 14, 2014 - Kronos Incorporated 1 today announced that it has completed its agreement to effect a recapitalization of the company through a $750 million equity investment by funds managed by Blackstone /quotes/zigman/459729/delayed /quotes/nls/bx BX -1.23% and GIC. Blackstone and GIC have invested in Kronos alongside the original investors Hellman a Friedman and JMI Equity. Hellman a Friedman remains the majority investor in the company. , according to Market Watch. As previously announced on Feb. 20 , the addition of Blackstone and GIC as investors in Kronos brings further global expertise, resources, and insight to the company, and will enable Kronos to accelerate the pace of innovation that has fueled its growth in recent years. News Facts
(news.financializer.com). As
reported in the news.
Tagged under , JMI Equity topics.