KKR related stories
All articles and analysis
GP dollars flood K StreetKKR recently augmented its tax lobbying capability - and it’s not alone. Buyout shops are spending millions on Washington’s K Street - synonymous with the Capitol’s powerful lobbyists - as US lawmakers mull legislation that would increase taxes.
- KKR discloses credit concerns, confirms DOJ investigation(2)
Changing debt markets are causing deal costs to increase and threatening returns, KKR said in a regulatory filing today. The firm also acknowledged its cooperation with an investigation into club deals by the US Department of Justice’s Antitrust Division.
- AFL-CIO backs TXU buyout
The AFL-CIO has sent a letter to TXU shareholders recommending that they approve KKR’s and TPG’s buyout bid, which will be voted on 7 September.
- KKR, Goldman reach $400m accord with Harman
KKR and Goldman Sachs have struck a $400 million deal allowing them to terminate their agreed $8 billion buyout of Harman International Industries without litigation or paying a breakup fee to the audio equipment maker.
- KKR falls prey to subprime woes(2)
A real estate investment fund owned by KKR suffered a 31 percent fall in its share price yesterday, after the vehicle was forced to sell $5 billion of residential mortgage loans at a loss.
- KKR signs Turkey’s largest deal
Kohlberg Kravis Roberts, the US buyout firm, has bought UN Ro-Ro in its first transaction in Turkey, making it the latest firm to gain exposure to the country and the neighbouring MENA region.
- Coles Myer is back in play
The shares of Coles, a large Australian listed retailer, jumped 8.6 percent in a single day to close at A$15.75 after the company said it was to “review ownership options,” four months after spurning the approach of a private consortium led by KKR.
- KKR falls prey to subprime woes
A real estate investment fund owned by KKR suffered a 31 percent fall in its share price yesterday, after the vehicle was forced to sell $5 billion of residential mortgage loans at a loss.
- Olympus invests $28m in Chinese cement
Olympus Capital Holdings Asia has invested $28 million in a joint venture established with China-listed cement producer Sichuan Golden Summit.
- Bain sells Dutch paint company for €2.2bn
A US conglomerate will buy Bain Capital portfolio company SigmaKalon in a €2.2 billion transaction. The US buyout firm is believed to have paid roughly €1 billion for the Dutch paint company in 2003.