Kohlberg Kravis Roberts has exited PRIMEDIA (NYSE: PRM) through a public-to-private buyout of the company by TPG Capital. TPG acquired the company for $7.10 per share for a total transaction value of $525 million. PRIMEDIA provides information for consumers looking for apartments, houses for rent or new homes for sale through internet, mobile and print solutions such as Apartment Guide. KKR had backed the company since 1989.
