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... Read full story »

COMMENTS

Read the comment policy

You need to Log in to Newser to comment. Don't have an account yet? Sign up now!

There are no comments

A snapshot of the day's best news stories.

View Larger Grid

All Today Yesterday Pick a Date

What's Popular Now on Facebook

Miami Face-Eater Identified

'Serpent Pastor' Dies of Snake Bite

Times (UK) (Source Grid »)

Profile of Henry Kravis
Slate

US • Money

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

More Newser Stories

Markets Drop as KKR Unit Delays Payment

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

(NEWSER) - 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 fears of a global credit meltdown flared, reports the Wall Street Journal. More»

KKR Makes IPO Official

Private equity behemoth follows Blackstone into the public pool

(NEWSER) - 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 last month to the tune of more than $4 billion. More»

Blackstone IPO Fetches $4.13B

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

(NEWSER) - The Blackstone Group went public today, selling 133.3 million shares at $31 and raking in $4.13 billion, the largest American IPO since 2002. The keenly anticipated issue values the private equity firm, founded by Stephen Schwarzman 27 years ago with $400,000, at $33.5 billion; the price bodes well for other buyout specialists. KKR and Carlyle are also considering going public, Bloomberg reports. More»

Carlyle Group Files for IPO

Huge private equity company to open its books

(NEWSER) - The Carlyle Group is going public. The mammoth private equity company has filed paperwork with the SEC for what’s planned as a $100 million initial public offering, the Washington Post reports. The move will open its books to public scrutiny, shining a light on the array of 270 disparate businesses and properties it has a stake in. The group owns, for example, Nielsen Co., a truck transmission company, a Brazilian lingerie firm, Asian forests, and a string of Connecticut rest stops. More»

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

All the major players have survived so far

(NEWSER) - 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. The industry may indeed be "looking at imminent catastrophe and ruination," notes Wolff, but given the greater opportunities for bluffing in private equity, these firms just might be ideally suited to profit from everyone else's ruin. More»

NEWS FROM OUR PARTNERS

What is Newser?

Face it: there's too much news. At Newser, we choose the most thought-provoking and entertaining stories from hundreds of US and international sources and reduce them to a headline, picture, and two paragraphs. And we do it 24/7—you can come back morning, noon, night (and in between) for something new that matters. Read less, know more.

Learn more »

Partnering with: Slate

View Newser on the mobile website

Credit Jitters May Put KKR Offering on Ice

Private equity firm denies reports its IPO will be delayed

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

Community

Site Maps

Tools

More News

What is Newser?