KKR related stories
All articles and analysis
KKR's lawyers to advise US government on bank dealsSimpson Thacher & Bartlett, the law firm for private equity heavyweights like Blackstone and KKR, will guide the government as it spends up to $250bn purchasing equity stakes in banks. The government also hired Bank of New York Mellon to serve as custodian for the $700 billion bailout.
- Report: PE firms line up for Indian BPO company
Apax Partners, The Blackstone Group and Providence Equity Partners are reportedly eyeing the buyout of Firstsource, in a deal that could be worth about $400m.
- Huawei cancels plans for $2bn mobile unit sale
What was expected to be a battle between Bain and Silver Lake for one of the largest-ever private equity deals in China has been put on hold. Huawei decided to halt the sale of its mobile phone unit, a division valued at $4bn, due to uncertain global market conditions.
- Private equity buyouts decrease, shrink in size in 2008
Difficult financing conditions continued to soften global buyout activity for private equity firms, with deal volumes plunging 72 percent in the first nine months of 2008. The oil and gas and mining sectors as well as Japan, India and the Middle East remained bright spots.
- Report: Bain, Silver Lake compete for China’s Huawei
The two private equity firms are reportedly left in the race for a controlling stake in Huawei Technologies’ mobile business unit, in a deal that could be worth $4bn.
- Millennium closes second deal
The Dubai-based private equity firm, currently raising a $1bn media, tech and telecom fund, has invested in ethernet company Turn Networks.
- Apollo Global hires Citi vet for RE push
Joseph Azrack, the former president and CEO of Citi Property Investors, will join Leon Black’s new real estate arm, a separate entity from the veteran real estate firm named Apollo Real Estate. Apollo Global's operation will focus, initially, on distressed debt and recapitalizations.
- Oregon makes first ever Carlyle-affiliated commitment
The Oregon Investment Council has committed $100m to Riverstone/Carlyle Renewable & Alternative Energy Fund II and $200m to Alinda’s latest infrastructure vehicle.
- KKR leads second investment in portfolio company Aricent
The $60 million investment, made alongside Middle East investor The Family Office, marks the buyout firm’s second investment in the company, which it acquired in 2006.
- KKR reports $1.2bn investment loss
The buyout giant has said ‘a number of market conditions’ caused its investment portfolio to lose $1.2bn in value in the first half of 2008, while the firm’s compensation costs for an expanding stable of employees grew by 80 percent.