KKR related stories
All articles and analysis
Qatari firm makes £12bn Sainsbury’s approach(3)Qatar-based investment vehicle Three Delta has confirmed its preliminary bid approach to Sainsbury’s, the UK supermarket chain that rejected a £10 billion offer from a private equity consortium in April. The company’s share price soared this morning.
- Banks postpone senior syndication on Alliance Boots(3)
The lead underwriters on the financing for KKR’s take private of Alliance Boots are holding back the syndication of £5bn of senior debt, while sweetening the terms of the subordinated tranches to get the deal done.
- Virgin Media bids to come in September
The Virgin Media auction will come later than expected as problems in the debt markets have constrained leverage available to buyout firms.
- AVCAL says “economic xenophobia” in decline(5)
Katherine Woodthorpe, chief executive of the Australian Private Equity and Venture Capital Association, has said Australian “economic xenophobia” has lessened after the Australian Senate’s inquiry into private equity.
- Branson may join Virgin Media take-private bid(2)
The hotly contested auction for cable company Virgin Media may be facilitated by shareholder Sir Richard Branson, while the number of reportedly interested bidders continues to increase.
- Banks postpone senior syndication on Alliance Boots(2)
The lead underwriters on the financing for KKR’s take private of Alliance Boots are holding back the syndication of £5bn of senior debt, while sweetening the terms of the subordinated tranches to get the deal done.
- Debt crisis turns back the clock to June 2006(3)
A senior leveraged buyout banker has warned cov-lite deals will cease to exist as lenders will refuse to accept loans on terms offered by buyout firms. Mid-market firms are seeing deals fall through as creditors push the price of debt back up.
- PEC: buyouts better businesses
Burger King, SunGard and AutoZone are three companies that have benefited from private equity ownership, according to a study released by the Private Equity Council.
- Banks postpone senior syndication on Alliance Boots
The lead underwriters on the financing for KKR’s take private of Alliance Boots are holding back the syndication of £5bn of senior debt, while sweetening the terms of the subordinated tranches to get the deal done.
- Union attacks KKR, Och-Ziff IPOs
The US’ largest federation of unions has appealed to the SEC to require KKR and Och-Ziff to register as investment companies ahead of the two firms’ planned initial public offerings.