Kohlberg Kravis Roberts & Co. has agreed to acquire Gaithersberg, Md.-based landscaping company Brickman Group Holdings from Leonard Green & Partners for $1.6 billion. The deal is expected to close by year-end. Others bidders reportedly had included The Blackstone Group, CVC Capital Partners and TPG Capital. Barclays and Morgan Stanley managed the process.www.brickmangroup.com
Abraaj Capital and TPG Capital are partnering on a rival bid to KKR for a 60% stake in Saudi Arabian fast-food chain Kudu, according to Reuters. Earlier reports suggested MORE