KKR related stories
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Report: Carlyle nears £400m deal for De La Rue divisionThe buyout firm is reportedly weeks away from closing a deal for De La Rue’s cash systems division, whose products include ATMs, cash counting machines and related software.
- S&P: PIK-toggle notes may be harmful to debt-holders
PIK structures, frequently found in LBO-related debt offerings and currently being exercised by firms including KKR, Bain and Permira, may be staving off inevitable default to the detriment of debt-holders, according to Standard & Poor’s.
- KKR shuffles executives in further institutionalisation
Scott Nuttall, the head of KKR’s financial services group, will also oversee fundraising and broker-dealer activities, while Todd Fisher, co-founder of the firm’s London office, will fill a newly created role of chief administrative officer. Perry Golkin will narrow his investor relations activities.
- Latin American social venture fund holds first close on $20.6m
Mexican VC IGNIA’s first fund, targeting up to $75m, will seek to create social impact throughout Latin America without sacrificing returns.
- CVC to pay €2.4bn for German chemicals
The European buyout firm is set to take a 25% stake in Evonik, a German state-backed conglomerate that also reportedly interested US mega-firms KKR, Bain and Blackstone.
- New Mountain GP highlights need to influence public perception
Improved explanation of private equity's benefits could combat assaults by unions, many of whose members' pension funds profit from the asset class, Michael Flaherman told the PEI Investor Relations and Communications Forum in New York today.
- KKR to acquire Unisteel for $576m
The global private equity firm will delist the Singapore disk-drive parts manufacturer, having reportedly edged out other private equity firms such as The Carlyle Group and Bain Capital.
- SEIU takes anti-buyout campaign international
The Service Employees International Union is organising simultaneous protests in 100 cities across 25 countries as part of its ongoing campaign against the private equity industry.
- RBS shuts out buyout firms from £7bn insurance sale
The UK bank has ruled out financial sponsors as bid candidates for its sale of insurance assets such as Direct Line and Churchill. The bank is thought to be worried about buyout firms’ ability to finance such a bid.
- £500m Boots debt to be sold today
The underwriting banks have provided buyers of quantities of more than £100m with a financing package which could secure them an internal rate of return of around 20 percent over four years.