KKR related stories
All articles and analysis
Accel-KKR backs court reporting acquisitionThe technology-focused affiliate of venture firm Accel Partners and mega-buyout firm Kohlberg Kravis Roberts has taken a stake in Alexander Gallo Holdings. Veronis Suhler Stevenson has exited most of its minority stake as a result.
- French utility says Buffett beat KKR, TPG with lower bid
KKR, TPG and French energy giant Electricite de France have lost a bidding war with Warren Buffett-led Berkshire Hathaway for the US utility company. The private equity consortium had offered to pay roughly $1.5bn more for Constellation Energy.
- Obama tops McCain in private equity support
US presidential candidate John McCain has come under fire by one US labour union for his ties to KKR co-founder Henry Kravis, but recent data shows Democratic rival Barack Obama has the most financial support from the private equity and venture capital industries.
- Lehman’s $30bn private equity 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 and private equity portfolio has yet to be sealed. Reports that CVC is bidding for the investment management division are false, PEO has confirmed.
- Euro sceptic
The European Parliament’s proposal to regulate private equity seems unlikely to change things much at all, writes Toby Mitchenall.
- TPG closes $19.8bn global buyout fund
The mega-buyout firm has also closed its distressed financial services fund with roughly $6bn in commitments, and rounded up roughly $4bn for the final close of its Asian fund.
- Lehman Euronext fund resumes trading
The publicly listed fund of funds is now trading at almost a 50 percent discount to NAV. In a statement, the fund says it is “hopeful” that a deal for Lehman’s asset management and alternatives units “will be made within a very short period of time”.
- KKR hires Lehman veteran for MENA expansion
Kohlberg Kravis Roberts has hired Makram Azar, former global head of sovereign wealth funds at Lehman Brothers. Azar will lead its push into the Middle East and North Africa, setting up KKR's first office in the region.
- Debt in two deals selling at 70% of par
Leveraged loans from buyouts are selling at a steep discount. According to reports, KKR and Permira have purchased more than €100m of portfolio company ProSiebenSat.1’s leveraged loans and banks are struggling to offload Clear Channel debt.
- KKR appoints senior advisor for Japan
The buyout firm has appointed Yoshiharu Fukuhara, honorary chairman of luxury cosmetic line Shiseido, as a senior advisor in Japan.