Argos Store Card-Owner NewDay Nears £1.7bn Deal with KKR

Argos store card-owner NewDay nears £1.7bn deal with KKR

NewDay, which has partnerships with retailers including John Lewis and AO, was on the brink on Tuesday of a deal that will see KKR becoming a major investor in the group, Sky News learns.

Argos Store Card-owner NewDay Nears £1.7bn Deal With KKR - Great Yorkshire Radio

Sky News has learnt that the owners of NewDay Group, which has millions of customers in the UK, were on Tuesday evening close to signing an agreement that will see KKR become a major stakeholder in the company. City sources said KKR was likely to acquire NewDay’s existing loan-book as well as buying a stake in its lending platform alongside existing shareholders Cinven and CVC Capital Partners. An agreement could be announced as early as Wednesd…