Bloomberg Expert: Finance News Highlights from Around the World

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KKR, a prominent U.S. investment firm, is reportedly exploring a potential buyout of Italian health-care technology firm GPI SpA, according to a report by Reuters. The discussions, which have been ongoing for several weeks, involve advisers and could potentially lead to a transaction, although no definitive deal has been finalized.

KKR has been actively seeking takeover targets amidst recent market volatility and has invested approximately $30 billion since the start of the year, with about half of that amount being invested offshore [1]. This latest potential acquisition follows KKR's recent takeover of British scientific instruments maker Spectris, which was valued at 4.7 billion pounds ($6.31 billion) [1].

GPI SpA, based in Trento, Italy, has an investment company backed by its CEO, Fausto Manzana, as its largest shareholder, holding a 48% stake equivalent to 57.3% of the voting rights [1]. The discussions between KKR and GPI are still in the early stages, and neither party has provided an official comment on the matter.

Meanwhile, Bulgaria has successfully raised €3.2 billion in fresh foreign debt through international bond markets, marking the country's first issuance of Eurobonds since receiving formal approval for entry into the eurozone and a subsequent upgrade to its credit rating [2]. The debt was issued in two tranches: a €2 billion 10-year Eurobond with an interest rate set at 95 basis points above the mid-swap rate, and a €1.2 billion 20-year Eurobond priced at a spread of 145 basis points over average swaps. Investor appetite for both tranches was robust, with demand exceeding €8.3 billion for the 10-year bonds and €5.5 billion for the 20-year securities [2].

References:
[1] Reuters. (2025, July 16). KKR is considering a potential buyout of Italian health-care technology firm GPI SpA. Retrieved from https://www.globalbankingandfinance.com/KKR-CO-GPI-SPA-77e8ff88-55c0-41b4-9197-2ded52f4a419
[2] Novinite. (2025, July 16). Fresh Foreign Debt: Bulgaria Issues €3.2 Billion in 10- and 20-Year Bonds. Retrieved from https://www.novinite.com/articles/233433/Fresh+Foreign+Debt%3A+Bulgaria+Issues+%E2%82%AC3.2+Billion+in+10-+and+20-Year+Bonds