KKR Private Equity Investors Commits $500 Million to Acquisition of First Data Corp.



    GUERNSEY, CHANNEL ISLANDS, April 13 /CNW/ - KKR Private Equity Investors,
L.P. (Euronext Amsterdam:KPE) announced that it has entered into a commitment
to make a $300 million co-investment with an affiliate of Kohlberg Kravis
Roberts & Co. (KKR) in its previously announced agreement to acquire First
Data Corp. This co-investment would be in addition to approximately $200
million of capital contributions that KPE expects to fund as a limited partner
in KKR's private equity funds.

    First Data Corp. is a leading provider of electronic commerce and payment
solutions for businesses worldwide. KPE's investment would be made at the
completion of the acquisition. As previously announced, completion of the
acquisition, which is subject to the approval of First Data shareholders,
regulatory approvals and customary closing conditions, is expected by the end
of the third quarter of 2007.

    KPE's investment will be used to fund a portion of the equity necessary
to complete the acquisition of First Data Corp. and does not reflect any
change in the terms of the acquisition announced on April 2, 2007.

    Whether this investment will be consummated depends on the satisfaction
or waiver of a number of conditions, some or all of which may not be in the
control of KPE, KKR PEI Investments, L.P. or KKR. No assurances can be made as
to whether or when, or the actual amount at which, this investment will be
consummated. KPE has made its commitment, and, subject to the foregoing, will
make its investment through its investment partnership, KKR PEI Investments,
L.P.

    About KPE

    KKR Private Equity Investors, L.P. (KPE) is a Guernsey limited
partnership that seeks to create long-term value by participating in private
equity and opportunistic investments identified by Kohlberg Kravis Roberts &
Co. (KKR). Formed in April 2006, KPE enables certain public market investors
to invest in KKR-identified investments. KPE will invest at least 75% of its
assets in KKR's private equity investments, while up to 25% of its assets may
be invested opportunistically in other investments identified by KKR. KPE
makes its investments through another Guernsey limited partnership, KKR PEI
Investments, L.P., as its sole limited partner.

    The common units and related restricted depositary units of KPE are
subject to a number of ownership and transfer restrictions. Information
concerning these ownership and transfer restrictions is included in the
Investor Relations section of KPE's website at www.kkrpei.com.

    Forward-Looking Statements

    This release may contain certain forward-looking statements with respect
to the financial condition, results of operations, liquidity, investments,
business, net asset value, and prospects of KPE. By their nature,
forward-looking statements involve risk and uncertainty, because they relate
to events and depend on circumstances that will occur in the future, and there
are many factors that could cause actual results and developments to differ
materially from those expressed or implied by these forward-looking
statements. KPE does not undertake to update any of these forward-looking
statements.




For further information:

For further information: KKR Private Equity Investors, L.P. Investor
Contact: Integrated Corporate Relations Andrew Greenebaum / Anne Rakunas,
+1.310.954.1100 Media Contacts: In the U.S: Kekst and Company Mark Semer,
+1.212.521.4800 In Europe: Finsbury Simon Moyse, +44.207.251.3801

Organization Profile

KKR PRIVATE EQUITY INVESTORS, L.P.

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