Kitwave Group Agrees to $337 Million Private-Equity Takeover

Dow Jones01-22

By Ian Walker

Kitwave Group said it agreed to a 251 million-pound ($337.1 million) takeover by Kite UK Bidco, a new company indirectly wholly-owned by funds managed or advised by OEP Capital Advisers.

The U.K.-listed independent wholesale business said Thursday that accepting shareholders would get 295 pence in cash for each share held. The price is a 33% premium to its closing price of 221 pence on Wednesday.

"We fully support Kitwave's vision for long-term growth and believe our partnership will enable it to accelerate its strategy," OEP Partner Steve Lunau said.

OEP is a middle-market private-equity firm that was spun out of JPMorgan in 2015.

Write to Ian Walker at ian.walker@wsj.com

(END) Dow Jones Newswires

January 22, 2026 03:07 ET (08:07 GMT)

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