KKR will invest $820 million to acquire a stake in Samsung SDS.

KKR will invest $820 million to acquire a minority stake in Samsung SDS, in order to drive the South Korean company to become a full-stack artificial intelligence solutions provider. Both companies stated on Wednesday that, under the partnership agreement, funds managed by KKR will purchase 1.22 trillion won worth of convertible bonds issued by Samsung SDS. The American private equity giant will primarily invest through its Asia Fund IV. Enterprise IT solutions provider Samsung SDS will use this funding to enhance its infrastructure and capabilities. Samsung SDS will also collaborate with KKR on growth strategies and other value creation initiatives, including expanding into new business areas. Both companies stated that KKR will provide active consulting services for Samsung SDS's management in areas such as mergers and acquisitions and capital allocation.