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SUNDAY, NOVEMBER 22, 2009
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NEWS ABOUT: KKR

KKR stories: 14 news summaries
analysis

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

All the major players
have survived so far

Jan 2, 09 12:31 PM CST
(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... More »

MORE ABOUT:
private equity • Blackstone Group • Carlyle Group • KKR • private equity firms

Investors
Eye Airports, Bridges, Roads

Subprime-weary banks earmark $250B for infrastructure projects

Aug 27, 08 10:56 AM CDT
(Newser) - 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... More »

MORE ABOUT:
KKR • Indiana Toll Road • private investors • Chicago Midway Airport • Alligator Alley

Storied Equity Firm KKR Goes Public Today

Firm's aggressive moves inspired Barbarians at the Gate

Jul 28, 08 6:06 AM CDT
(Newser) - 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... More »

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New York Stock Exchange • private equity goes public • Kohlberg Kravis Roberts • KKR • IPO

Markets Drop
as KKR Unit Delays Payment

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

Feb 20, 08 7:21 AM CST
(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... More »

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private equity • stock market • subprime mortgages • Kohlberg Kravis Roberts • KKR • Henry Kravis • Asian markets • commercial paper • subprime crisis

KKR Abandons Harman Buyout

Suitor cites 'material adverse change' in target's performance

Sep 21, 07 6:39 PM CDT
(Newser) - 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... More »

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Goldman Sachs • KKR • Harman International

KKR Prepares for Test of Credit Markets

Fate of pending deals may foretell future
of private equity

Sep 11, 07 8:17 AM CDT
(Newser) - 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... More »

MORE ABOUT:
private equity • KKR • First Data • Henry Kravis • hedge fund • credit market

Credit Jitters
May Put KKR
Offering on Ice

Private equity firm denies reports its
IPO will be delayed

Aug 23, 07 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... More »

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

$24B Buyout Buzz Boosts Macy's Shares

KKR and Goldman
considering offer

Jul 19, 07 4:50 AM CDT
(Newser) - 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,... More »

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private equity • Goldman Sachs • Kohlberg Kravis Roberts • KKR • acquisition • Macy's • buyout

KKR Makes
IPO Official

Private equity behemoth follows Blackstone into
the public pool

Jul 3, 07 7:34 PM CDT
(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... More »

MORE ABOUT:
private equity • Blackstone Group • private equity goes public • Kohlberg Kravis Roberts • KKR • IPO

KKR Joins
IPO Party

After Blackstone's triumph, barbarians
at the public gate

Jun 22, 07 9:05 AM CDT
(Newser) - Corporate raiders Kohlberg Kravis Roberts & Co. have announced an initial public offering, on the heels of a wildly successful $34B IPO by rival Blackstone yesterday. The mammoth LBO group, whose boss Henry Kravis maintains a well known rivalry with Blackstone's Stephen Schwarzmann, waited to make sure Blackstone swam before... More »

MORE ABOUT:
private equity • Stephen Schwarzman • Blackstone Group • finances • taxes • investors • KKR • Henry Kravis • IPO

Blackstone IPO Fetches $4.13B

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

Jun 21, 07 5:05 PM CDT
(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... More »

MORE ABOUT:
private equity • Blackstone Group • Carlyle Group • stocks • KKR • Steve Schwarzman • Peter Peterson • IPO

KKR Buyout Spree Hits a Snag

Traditional investors tapped out; equity firm looking elsewhere

Jun 12, 07 4:31 PM CDT
(Newser) - 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. More »

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investing • private equity • Kohlberg Kravis Roberts • KKR • First Data Corp. • Henry Kravis • acquisition • hedge fund • buyout

Blackstone Makes $7.8B Deal for Alliance

Private equity continues to pour into financial processing

May 17, 07 2:55 PM CDT
(Newser) - Blackstone has snapped up credit card services provider Alliance Data for $7.8 billion, joining a surge of private equity into dull but profitable back-office firms. The 30% above-market offer for Alliance, which also runs a data processing unit, is the latest in a wave of takeovers in the financial-processing... More »

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private equity • Blackstone Group • takeovers • Alliance Data Systems Corp. • merger • business • KKR • First Data • privatization • acquisition

KKR Dominates in '07 Buyouts

With 44% of this year's private equity deals, is firm spending too much too fast?

May 14, 07 1:18 PM CDT
(Newser) - 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. More »

MORE ABOUT:
private equity • Goldman Sachs • Kohlberg Kravis Roberts • merger • business • KKR • acquisition

14 Stories


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