KKR sells stake in DJ equipment maker AlphaTheta to Japan's Noritsu

KKR sells stake in DJ equipment maker AlphaTheta to Japan's Noritsu

Global private equity giant KKR is exiting Japanese DJ equipment maker AlphaTheta (formerly known as Pioneer DJ) and is selling its stake to photo processing machine manufacturer Noritsu.

Tokyo Stock Exchange-listed Noritsu said it will acquire all shares of AlphaTheta for 35 billion yen ($324.9 million), and will also use a 30 billion yen non-recourse loan to pay the interest-bearing debt of the target company.

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