KKR related stories
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Japan’s MKS to halt investmentsOne of only a few prominent Japanese buyout firms will seek to sell its stakes in three portfolio companies.
- Irving Place chief: ‘Horrendous’ holiday season ahead
Trouble in the retail sector presents opportunity, with 'some of the greatest fortunes' due to be made by savvy investors over the next year, according to John Howard, CEO of Irving Place Capital, formerly Bear Stearns Merchant Banking.
- KKR names European head of infrastructure
Jesús Olmos Clavijo, former CEO of Spanish utility Endesa, will report to Marc Lipschultz, KKR’s global head of energy and infrastructure and work alongside Simon Hipperson, managing director in its European infrastructure team in London.
- Probitas: $94bn of infrastructure funds coming to market
The California-based placement agent also estimates that $21.5bn has been raised for infrastructure in the first nine months of 2008, which is less than the $34.3bn raised last year, but more than the 2006 total of $17.9bn.
- KKR hires BoA executive to lead communications
Peter McKillop, a senior communications executive for Bank of America, has agreed to join the private equity mega-firm to ‘tell the KKR story’. KKR recently put off its IPO, expected to complete this year, until 2009.
- Unions launch global protest against private equity industry
The US’ largest union of long-term care workers, the Service Employees International Union, launched its ‘global day of action’ today targeting KKR, its portfolio company Toys R Us and pension funds and politicians in support of the buyout industry. Unite, the largest union in Britain, also joined the cause.
- Report: KKR to invest in Indian cricket franchise
The private equity firm is reportedly negotiating a 47 percent stake in Deccan Chargers, a Hyderabad-based cricket team, in what will be the first private equity investment in an Indian sports franchise. The deal is estimated to be worth $20m.
- SEIU launches campaign against tax policies
The US public service union, the Service Employees International Union, has launched an international initiative to change tax laws it asserts unfairly benefit private equity firms.
- Bearish KKR delays IPO
Amid $649m in third quarter write-downs for KPE – the largest related to a co-investment in the $45bn TXU buyout – the private equity firm has said the restructuring of the Euronext-listed vehicle will come next year.
- KKR appoints Italian business veteran
The appointment of Gianemilio Osculati is the firm’s latest in a series of high profile hires as it builds towards a listing on NYSE.