May 28, 2020

KKR to inject money into vending machine company Selecta

Nicolas Cole

US buyout group KKR is planning to invest funds into Swiss vending machine firm Selecta which has struggled with some losses due to the pandemic crisis, Reuters reports.

Selecta offers convenience food dispensers and self-service coffee  in train stations, hospitals, as well as private businesses.

KKR acquired a controlling stake in Selecta in 2015 and is working towards a support plan involving around EUR 150-200M to strengthen the firm in the post-pandemic environment.

Selecta is currently looking for new ways to reinvent themselves after the economic crisis, including replacing coffee and food with masks and hand sanitizers in their vending machines.

Source: NASDAQ

Nicolas Cole

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