KKR related stories
All articles and analysis
KKR infrastructure head leaves after less than six monthsGeorge Bilicic, who joined KKR in May, will rejoin Lazard as chairman of its power, utilities and infrastructure practice. A source familiar with the matter said Bilicic is leaving the firm over differences about how KKR should build out its infrastructure team.
- PE, RE lawyers to advise US government on bank deals
Simpson Thacher & Bartlett, the law firm for private equity and real estate heavyweights like Blackstone, KKR and JC Flowers, will guide the government as it spends up to $250bn purchasing equity stakes in banks.
- Abraaj nears $4bn fund close
Existing LPs have committed $3bn toward the latest buyout fund from the MENASA-focused firm, which has just purchased a controlling stake in the Karachi Electric Supply Company for an estimated price of $400m.
- PwC recommends buyout firms diversify, focus on portfolios
The study dovetails with broad changes already affecting the private equity industry as GPs hire more operating partners and raise families of funds.
- KKR-backed Masonite misses interest payment
Masonite, an Ontario-based door manufacturer acquired in 2005 for C$3.1bn, has entered a 30-day grace period to make a $42m interest payment on $769m subordinated notes.
- Private equity-backed companies turn to PIK
A report from Moody's Corporate Finance reveals an increase in private equity-backed companies that are electing to use their payment-in-kind option to make interest payments.
- Credit woes hit Asia
Three large deals that have recently fallen apart show private equity activity in Asia is not immune to the global financial crisis, writes Siddharth Poddar.
- Lehman’s $30bn PE and RE portfolio still up for grabs
As British bank Barclays snaps up Lehman’s core investment banking businesses, the fate of the bankrupt bank’s investment management division including its private equity and real estate portfolio has yet to be sealed.
- Permira appoints senior advisor for Japan
Former KPMG senior executive Hiroaki Yoshihari will focus on the technology, media and telecoms sectors in Japan. Permira has made one investment in Japan to date, though it opened its first local office there in September 2005.
- KKR predicts more losses in Q3
The buyout giant estimates that the value of its private equity investments, $31.8bn as of 30 June, will continue to decline in the third quarter, according to a regulatory filing. It previously recorded a $1.2bn loss on its investments for the first half of 2008.