KKR related stories
All articles and analysis
Washington State commits $94m to KKR annex fundThe commitment to KKR E2 Investors will be offset by a $94m reduction in WSIB’s $700m committed to KKR European Fund III. The US pension also committed $150m to TA Associates' 11th fund, reportedly targeting $4bn.
- Report: WL Ross remains in race for Satyam
The turnaround firm is reportedly the only private equity group still eyeing India’s Satyam Computer Services.
- Affinity, MBK, KKR make Oriental Brewery shortlist
The three private equity firms are likely to to make it to the second round of bidding for the South Korean brewery.
- Merrill shuts Japanese private equity office
Merrill Lynch Global Private Equity has shut down its Tokyo office four years after setting up there. The firm has not closed a deal in Japan.
- Ratings agencies: Debt to sink largest-ever LBO target
Moody's has followed Fitch in slashing its debt rating for Energy Future Holdings as concerns mount over its ability to pay creditors. The company formerly known as TXU was purchased by TPG, KKR and Goldman Sachs in a $45bn transaction, the largest-ever buyout closed to date.
- Charter Communications files for bankruptcy
The US-based cable provider, whose primary bondholders include Apollo and Oaktree Capital Management, has obtained support for a pre-arranged bankruptcy plan intended to reduce its debt load by $8bn.
- Bidding for Satyam intensifies
The troubled Indian IT services giant has received ‘adequate response’ from bidders, which reportedly include Blackstone, Carlyle and KKR.
- Sun Capital in $70m autoparts deal
The turnaround firm purchased a larger stake in Accuride, a US autoparts maker and former KKR portfolio company, in a $70m transaction through the company’s senior secured term loan.
- KKR-backed Masonite files bankruptcy
The Canadian door maker has filed a pre-arranged bankruptcy in which the majority of the company’s creditors are supporting the restructuring plan. KKR, which has lost its equity stake of $429m in the company, took part in planning the restructuring.
- Macquarie Capital hires Blackstone IPO adviser
Robert Redmond, who also advised on the private equity buyouts of First Data Corp and TXU, will join as vice chairman to build its North American operations. It comes as parent Macquarie Group initiated a second round of global staff cuts, which have hit Macquarie Capital hardest.