KKR (KKR) announced the signing of a definitive agreement with Broadcom (AVGO) to acquire its end-user computing division, or EUC Division, in a transaction valued at approximately $4B. Upon closing of the transaction, the EUC Division will become a standalone company, with greater access to growth capital and a dedicated 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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