Broadcom: sale of EUC division to KKR

(CercleFinance.com) - Investment firm KKR has announced that it has signed a definitive agreement with Broadcom to acquire its End-User Computing (EUC) division, in a transaction valued at around four billion dollars.


This division will become a stand-alone company, 'with greater access to growth capital and a strategic focus on empowering customers and partners worldwide with innovative digital workspace solutions'.

KKR is making its investment primarily through its North America Fund XIII. The transaction is expected to close in 2024, subject to customary closing conditions, including regulatory approvals.

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