Kohlberg Kravis Roberts news stories on Newser

Storied Equity Firm KKR Goes Public Today

Jim O'Neill — Mon, 28 Jul 2008 06:06:01 CDT

Legendary buyout firm Kohlberg Kravis Roberts & Co.—battling the credit crunch and moribund in the deal-making department this year—will go public this morning in an attempt to kick-start its business and take over its flagging European affiliate, reports the Wall Street Journal. KKR could be worth up to...

Markets Drop as KKR Unit Delays Payment

Jim O'Neill — Wed, 20 Feb 2008 07:21:20 CST

Asian stocks slumped today after reports in the Financial Times that a struggling arm of private equity heavyweight Kohlberg Kravis Roberts. missed a second payment on billions of dollars of commercial debt just 6 months after two of its founders poured $270 million into the company. Investors cashed out as...

Credit Jitters May Put KKR Offering on Ice

Jason Farago — Thu, 23 Aug 2007 07:45:16 CDT

The Times of London claims that buyout firm KKR has postponed plans for a $1.25B float and a public listing because of the fallout from turbulent credit markets. The company had planned its IPO this September but has reportedly pulled back due to waning investor confidence following the subprime...

$24B Buyout Buzz Boosts Macy's Shares

Peter Fearon — Thu, 19 Jul 2007 04:50:46 CDT

Shares in Macy's soared amid reports of a pending $24-billion buyout plan by KKR and Goldman Sachs, reports Bloomberg . Stock rose $3.06—7.6%—to $43.09 after Women's Wear Daily reported the news. The Wall Street firms would pay $52 a share—a 30% premium on Wednesday's close,...

KKR Makes IPO Official

M. Morris — Tue, 03 Jul 2007 19:34:13 CDT

Undeterred by the possibility of potentially devastatingly tax-law changes, Kohlberg Kravis Roberts firmed up its IPO plans today, filing SEC documents that value the issue at up to $1.25 billion. The private (for now) equity firm said it will list as a partnership, like archrival Blackstone, which went public...

KKR Buyout Spree Hits a Snag

Dustin Lushing — Tue, 12 Jun 2007 16:31:15 CDT

Buyout giant KKR's $26B acquisition of electronic payment processor First Data Corp is not going smoothly, reports the Wall Street Journal . Once enthusiastic investors are shying away from private equity deals as interest rates steepen. "We have enough exposure to KKR already," said one major financier.

KKR Dominates in '07 Buyouts

J. Kelman — Mon, 14 May 2007 13:18:06 CDT

Private equity powerhouse KKR has been on a monumental spending spree this year, closing more than $120 billion in deals to date in 2007—more than twice its closest rival. Now the Financial Times wonders whether the veteran PE firm it may be hitting the market too forcefully.