KKR to launch consumer partnership-source

* To invest in consumer, education, media – source

* Partnership with former Kaplan boss Grayer – source

By Megan Davies

NEW YORK, Jan 25 (BestGrowthStock) – Private equity giant Kohlberg
Kravis Roberts & Co (KKR.AS: ) is to launch a partnership to
invest in consumer services, education and media businesses, a
source familiar with the situation said on Monday.

It will launch the business with Jonathan Grayer, former
chairman and CEO of Kaplan, a unit of Washington Post Co
(WPO.N: ), the source said. Grayer was CEO of Kaplan for 14 years
to 2008. The partnership, expected to be announced Tuesday, is
to be called Weld North, the source said.

It is the second such partnership KKR has struck in recent
months. In July, it formed a music rights joint venture with
German media group Bertelsmann AG (BTGGg.F: ) .

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(Editing by Gary Hill)

KKR to launch consumer partnership-source