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Private-equity giant KKR aims to make big returns for its investors when it sells a company. Its latest deal will also deliver a serious payout for a different type of investor: the company’s workers.

KKR said Monday it would sell CHI Overhead Doors to steel producer Nucor Corp. (NUE) for $3 billion including debt.

The private-equity firm, which paid more than $600 million for the garage-door maker in July 2015, is set to make 10 times the equity it put in. It will be KKR’s highest-returning U.S. buyout in more than 30 years.

Meanwhile, CHI’s hourly employees, including those who build and deliver its doors, will make between $20,000 and $800,000 apiece before taxes when the deal closes. In total, employees will get $360 million, with a substantial majority going to those below the C-suite level.

KKR to Sell CHI Overhead Doors to Nucor, Generating Windfall for Itself and Employees KKR said it would sell CHI Overhead Doors to steel producer Nucor for $3 billion including debt.The firm is set to make 10 times the equity it put in.

Bringing Google to Chicago's Thompson Center Google is deepening its investment in Chicago with its plans to purchase the iconic Thompson Center building.

Private-equity giant aims to make big returns for its investors when it sells a company. Its latest deal will also deliver a serious payout for a different type of investor: the company’s workers. KKR said Monday it would sell to steel producer . for $3 billion including debt. The private-equity firm, which paid more than $600 million for the garage-door maker in July 2015, is set to make 10 times the equity it put in. It will be KKR’s highest-returning U.S. buyout in more than 30 years. Meanwhile, CHI’s hourly employees, including those who build and deliver its doors, will make between $20,000 and $800,000 apiece before taxes when the deal closes. In total, employees will get $360 million, with a substantial majority going to those below the C-suite level.

KKR to Sell CHI Overhead Doors to Nucor, Generating Windfall for Itself and Employees KKR said it would sell CHI Overhead Doors to steel producer Nucor for $3 billion including debt.The firm is set to make 10 times the equity it put in.

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WeWork’s boss said the real estate firm doesn’t plan to shut its business in Russia despite the unprovoked invasion of Ukraine — and noted that WeWork’s four locations in Moscow perform “incredibly well.” Asked if WeWork would have to retreat from Russia given the complicated geopolitical situation, CEO Sandeep Mathrani rejected the possibility – telling Bloomberg the company plans to stay active in Russia. “I don’t think so. Like I said, our assets do incredibly well. We hope for a resolution of the conflict and hopefully we can continue to do business in Moscow,” Mathrani said. He noted that WeWork’s small-but-healthy Moscow business generates yearly topline revenue of about $10 million.

WeWork likely won’t exit Russia, where biz does ‘incredibly well,’ CEO says WeWork’s boss said the real estate firm doesn’t plan to shut its business in Russia despite the unprovoked invasion of Ukraine — and noted that WeWork’s four locations in Moscow p…

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Viva Technology, the Conseil Présidentiel pour L’Afrique (CPA) and Seedstars Africa Ventures have announced new public-private partnerships and private investments to support and promote African and diaspora entrepreneurship. These announcements are yet another illustration of the vibrant African entrepreneurship scene, and the rising attractiveness of Africa’s tech innovations and economic growth. In a joint call, Vivatech, the CPA Coordinator Wilfrid Lauriano Do Rego and Seedstars Africa Ventures also called on major corporations and institutional investors to build on this momentum and join their efforts to support Africa’s growing economies with new financing models.

A call for action to drive investment in African innovation Sierra Leone Telegraph: 30 June 2021: Viva Technology, the Conseil Présidentiel pour L’Afrique (CPA) and Seedstars Africa Ventures have announced new public-private partnerships and private investm…

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What makes a burger special? Whether it's a longtime favorite or a newcomer, an essential burger has lasting effects on eaters, other restaurants, and the scope of the Chicago food scene at large. From giant beef patties to smashed, griddled delights, Chicago restaurants are taking a classic dish and freshening things up. The latest additions to the list include Northwest Indiana-style specialist the Region, the veggie-based burger at Bad Hunter, and River West standout Maillard Tavern.

The 20 Most Essential Chicagoland Burgers From giant beef patties to smashed, griddled delights