KKR Private Equity Investors Commits At Least $350 Million to Acquisition of Dollar General Corp.



    GUERNSEY, CHANNEL ISLANDS, March 15 /CNW/ - KKR Private Equity Investors,
L.P. (Euronext Amsterdam:KPE) announced that it has entered into a commitment
to make a $250 million co-investment with affiliates of Kohlberg Kravis
Roberts & Co. L.P. (KKR) in their previously announced agreement to acquire
Dollar General Corp. This co-investment would be in addition to at least $100
million of capital contributions that KPE expects to fund as a limited partner
in KKR's private equity funds.

    Dollar General is a Fortune 500(R) discount retailer with 8,260
neighborhood stores as of March 2, 2007.

    KPE's investment would be made immediately prior to the closing of the
transaction. As previously announced, the transaction is subject to the
approval of Dollar General shareholders, customary closing conditions and
regulatory approvals. The transaction is expected to close in the third
quarter of 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 will, subject to the foregoing,
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 primarily 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: Investor Contact: Integrated Corporate
Relations Andrew Greenebaum / Anne Rakunas +1-310-954-1100 or Media Contacts:
In the U.S: Kekst and Company Mark Semer, +1-212-521-4800 or In Europe:
Finsbury Simon Moyse, +44-207-251-3801

Organization Profile

KKR PRIVATE EQUITY INVESTORS, L.P.

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