Doughty Hanson sells stake in Germany's ATU to KKR

Newswire

FRANKFURT, Feb 22 (Reuters) - British private equity firm Doughty Hanson [DOUHA.UL] has sold its 18.5 percent stake in German auto parts after-sales group Auto-Teile Unger (ATU) to majority owner KKR [KKR.UL], a spokesman said on Monday. Doughty Hanson sold the group to KKR in June 2004 for $1.75 billion but later took back a stake and helped to inject 140 million euros ($191 million) in fresh equity following demands by creditors. (Reporting by Alexander Huebner; Editing by Dan Lalor) ...

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