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.

First Data Corp. news stories on Newser

KKR Buyout Spree Hits a Snag