Harley-Davidson Project LiveWire
What does KKR gain from the acquisition, you ask? The entire point of a leveraged buyout is that the company acquiring feels that the company to be purchased is undervalued. The same depends on a number of factors like market conditions, poor leadership, capital gain, growth record among things. The acquiring company then will purchase the target firm, reboot its process and sell to another buyer or take it public. In either case, the former is targeting to make a profit out of its business decision and may even retain the company amidst the process.