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Media man:
Ex-McKinsey consultant
Philipp Freise
has been working for the US financial investor KKR in London for 20 years with a focus on technology and media.
At Axel Springer and GfK he sits on the supervisory board.
Photo:
Nikita Teryoshin for manager magazin
The entry into the German media group Axel Springer ("Bild", "Welt", "Business Insider") was the latest spectacular deal by the holding company KKR in Germany. The US-Americans hold more than 35 percent of the shares, the co-head of the European private equity business,
Philipp Freise
, sits on the supervisory board. Together with
Henry McVey
, who is responsible for the company's own investments from New York, Freise explains KKR's aggressive expansion plans in an interview - and comments on the future of Axel Springer.
The conversation was held before the separation from "Bild" editor-in-chief
Julian Reichelt
as a result of new allegations of abuse of power.
KKR declined to answer additional questions about the situation or criticism of Springer CEO
Mathias Döpfner
.
The "Bild" scandal comes at a sensitive point in time: Springer is - thanks in part to the capital of KKR - facing the purchase of the US political medium "Politico", which has a strong influence in Washington.
How Döpfner deals with Reichelt's personalities and the culture in the editorial office is also receiving a lot of attention there.
In an interview Freise said: "We trust Mathias completely."
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