World Economy

Pioneer, KKR Joint Owners of DJ

Pioneer, KKR Joint Owners  of DJPioneer, KKR Joint Owners  of DJ

Japan’s Pioneer is restructuring and selling off its disc-jockeying (DJ) equipment unit to US private equity firm KKR for $550m. As part of the deal, KKR and Pioneer will be joint owners, with the Japanese firm having a 15% stake. Both KKR and Pioneer have given their new venture a provisional name of Pioneer DJ, BBC reported. The Japanese firm has been selling off non-core assets to focus on its automotive electronics business. KKR is a global investment firm that manages investments across various asset classes, including private equity, energy, infrastructure and real estate.