KKR related stories
All articles and analysis
Blackstone hires Mark Woodward as senior advisor(2)Blackstone has boosted its capability to join in the technology buyout trend with the appointment of an 30-year industry veteran to source and evaluate deals.
- TH Lee launches credit arm with $500m(4)
US buyout firm TH Lee has created a credit fund with $500 million in commitments and a dedicated credit division staffed largely by ex-AIG executives, including AIGGIG’s former head of private placement, Sam Tillinghast.
- Banks syndicate $10bn of First Data debt(4)
The banks underwriting KKR’s First Data deal have syndicated more than half the LBO’s $17 billion debt component, while HSBC has opted to hold on to a larger portion of senior debt than its peers.
- Horlick warns industry to sharpen presentation skills(4)
Nicola Horlick, chief executive of UK fund manager Bramdean, used her keynote speech at yesterday's PEI Media conference to highlight the task facing the industry if it is to continue its growth and move into the mainstream.
- Citi mulls backing $12.5bn KKR debt vehicle(2)
US bank Citi is considering backing a leveraged loan debt vehicle set up by US buyout firm Kohlberg Kravis Roberts to take advantage of the $300 billion leveraged loan backlog.
- Banks syndicate $10bn of First Data debt(3)
The banks underwriting KKR’s First Data deal have syndicated more than half the LBO’s $17 billion debt component, while HSBC has opted to hold on to a larger portion of senior debt than its peers.
- Moody’s highlights financial engineering in buyouts
Large US buyout firms cash out the majority of their equity in a third of deals before they fully exit, but default rates across large private equity companies remain minimal.
- KKR, Goldman drop $8bn audio deal(4)
KKR and Goldman Sachs plan to walk away from their previously agreed $8 billion buyout of Harman International Industries, claiming the audio equipment maker has had a material adverse change in its business and breached the agreement. Harman disputes the claims.
- Carrefour abandons $4bn Turkish auction
The French retailer has pulled out of the bidding for Migros, as buyout firms such as Kohlberg Kravis Roberts and BC Partners are set to table bids tomorrow for the Turkish company.
- Why First Data matters(4)
KKR’s negotiations with underwriters of the First Data deal -- the second such mega deal for which banks have had difficulty syndicating the debt -- will be a harbinger of things to come, says Dechert attorney Scott Zimmerman.