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Credit Jitters May Put KKR Offering on Ice

Private equity firm denies reports its IPO will be delayed

By Jason Farago, Newser Staff

Posted Aug 23, 2007 7:45 AM CDT

(Newser) – 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 collapse. KKR, however, claims that the IPO is continuing full steam ahead.

The ultrasecretive KKR has been hit hard by the recent crunch; its investment arm has recorded severe losses and several of its largest buyouts (including its planned takeover of Boots Pharmacy in the UK) are on hold. Carlyle, another mayor private equity firm, said yesterday that market volatility has forced it to cancel its own IPO.

Traders and Specialists work the trading floor of the New York Stock Exchange, early Friday, Aug. 17, 2007. Stocks soared Friday, propelling the Dow Jones industrials up more than 180 points, after the... (Associated Press)

The flags on the facade of the New York Stock Exchange are a backdrop for a Wall Street street sign, Thursday morning, Aug. 16, 2007. U.S. stocks appeared headed for another sharp retrenchment Thursday... (Associated Press)

A board on the floor of the New York Stock Exchange shows the closing numbers, Friday, July 27 , 2007, in New York. (AP Photo/ Louis Lanzano) (Associated Press)

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Credit Jitters May Put KKR Offering on Ice

Private equity firm denies reports its IPO will be delayed

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Credit Jitters May Put KKR Offering on Ice

Private equity firm denies reports its IPO will be delayed

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OTHER STORIES ON OUR RADAR

private equity • Carlyle Group • subprime mortgages • Kohlberg Kravis Roberts • KKR • IPO • credit market

MOST POPULAR STORIES

[ By Views ]

[ By Comments ]

More Newser Stories

Markets Drop as KKR Unit Delays Payment

Concern about liquidity in the US has investors selling off in Asia

KKR Makes IPO Official

Private equity behemoth follows Blackstone into the public pool

Blackstone IPO Fetches $4.13B

Private equity giant enjoys largest US debut in 5 years; Schwarzman enjoys largest share

Carlyle Group Files for IPO

Huge private equity company to open its books

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

All the major players have survived so far

About Us

Site

Newser By Users

Community

Site Maps

Tools

More News

What is Newser?