KKR related stories
All articles and analysis
KKR absorbs assets from listed fundKKR has acquired five co-investments worth $211m, including hospital group HCA, from its listed Euronext affiliate, which it is winding down and will de-list. The absorption of KPE’s assets was last year described as a key element preceding the firm’s NYSE flotation, though KKR has said it is rethinking its IPO plans.
- KKR eyes $1bn to $3bn for debut mezz fund
The mega-firm will join the ranks of other private equity players looking to offer mezzanine financing, which surges in demand when senior lenders withdraw from the LBO market.
- Give LPs a break
As LPs increasingly push back on deal terms, GPs may want to consider some relatively low cost moves to mitigate their concerns, writes Kevin Ley.
- KKR re-evaluates acquisition of publicly listed KPE
As the mega-firm reportedly shelves plans to go public, its directors and founders are reviewing a previously agreed deal to buy out unit-holders in KKR Private Equity Investors, the Euronext-listed vehicle that co-invests alongside KKR.
- Carlyle raises $500m MENA fund
The global buyout fund has closed its first MENA-focused fund, which had originally targeted up to $1bn. The close comes one week after raising $553m for its second mezzanine fund.
- $94bn of infrastructure funds coming to market
The California-based placement agent, Probitas, also estimates that $21.5bn has been raised for infrastructure in the first nine months of 2008, less than the $34.3bn raised last year.
- KKR Financial records $1.1bn loss for 2008
The publicly listed debt affiliate of Kohlberg Kravis Roberts has suspended its dividend to shareholders through 2009 as it tries to bolster its liquidity.
- KKR loses $429m equity stake in Masonite
The mega-firm acquired Masonite in 2005 in a deal valued at C$3.1bn, using about $429m in equity. Masonite’s fortunes began to turn last year as the US housing market declined.
- Private equity firms vie for Korean brewer
Affinity Equity Partners, MBK, Bain, Carlyle and KKR have reportedly submitted bids for Oriental Brewery, Korea’s second largest brewer, in a deal that could be worth more than $2bn.
- KKR faces portfolio company writedown
Seven Media Group, in which Kohlberg Kravis Roberts invested $735m in 2006 for a 50% stake, is valued at zero. The Australian group owns Seven's television and online businesses as well as its stable of printed magazine titles.