KKR news stories on Newser

Half a Trillion Dollars and Nowhere to Spend It

Alp_Arslan — Thu, 24 Jun 2010 10:10:42 CDT

Seems the titans of Wall Street, and here we mean the private equity buyout shops including Warburg Pincus, Carlyle, TPG, and KKR, have amassed $500 billion to buy companies. Their problem? Not enough to buy and rising prices for what is out there. Plus it's a lot harder to leverage...

Private Equity Giants See Big Payday—If They Don't Go Bust

John Johnson — Fri, 02 Jan 2009 12:31:01 CST

None of the major players in the "shadow banking" world of private equity—the likes of Blackstone, Carlyle, and KKR—has yet gone bust, and the guessing game of which one will be first is well under way, reports Newser founder Michael Wolff in Vanity Fair . Don't hold your breath....

Investors Eye Airports, Bridges, Roads

Jim O'Neill — Wed, 27 Aug 2008 10:56:57 CDT

Weary of investments infected by the subprime contagion, investors are looking to purchase and operate some more substantial assets: the nation’s bridges, toll roads, and airports, reports the New York Times . Goldman Sachs, KKR, Morgan Stanley, and Credit Suisse are among those who have stockpiled some $250 billion for infrastructure...

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...

KKR Abandons Harman Buyout

Nick McMaster — Fri, 21 Sep 2007 18:39:00 CDT

Kohlberg Kravis Roberts and Goldman Sachs today called off their deal to buy out audio giant Harman International for $8 billion. The firms announced that a "material adverse change in Harman's business has occurred,'' one of the limited circumstances in which they could abandon the deal without getting stuck...

KKR Prepares for Test of Credit Markets

Sam Gale Rosen — Tue, 11 Sep 2007 08:17:00 CDT

Kolhberg Kravis Roberts is pushing forward with some of the biggest deals in US history, but the iconic buyout firm finds itself under unprecedented scrutiny. Analysts say the huge deals KKR has pending will be a test of the struggling credit markets, the Washington Post reports: If they don't go...

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,...