KKR related stories
All articles and analysis
BofA, Oak Hill in complex $1.9bn Euronext ventureBank of America, Oak Hill, along with CalPERS and Harvard have created a unique, megafund-sized pool of permanent capital to be traded on the Euronext. The vehicle, Conversus Capital, is structured like a collateralised loan obligation with private equity fund interests as the underlying assets.
- Boots chairman: let regulator decide on pensions(2)
Alliance Boots chairman Sir Nigel Rudd thinks the UK Pensions Regulator should be allowed to decide the appropriate level of funding for the pension schemes of companies involved in buyout deals.
- Industry group opposes Senate bill(3)
The Private Equity Council has voiced its opposition to a recent US Senate bill that would cause publicly traded partnerships to be taxed as corporations.
- CD&R sells Brakes to Bain for £1.3bn
US buyout firm Bain Capital has won the race to buy Brake Bros, a UK food distribution business, from Clayton Dubilier & Rice, in a deal thought to be worth about £1.3 billion.
- Hollick warns government; Cohen calls for tax increase(3)
Two of the UK industry’s heavyweights have spoken out ahead of the UK parliamentary hearing today. KKR’s Lord Hollick called on the government to reduce tax, while Sir Ronald Cohen said the capital gains tax should increase on carry on funds above £500m.
- Cracks appear as BVCA comes under fire(2)
As the BVCA comes in for sustained criticism for its handling of yesterday’s Treasury Select Committee hearing, many in the industry – including its own chairman – are suggesting that it cannot continue in its current form.
- Buyout execs escape committee’s ire(2)
After last week’s mauling, the private equity industry gave a solid account of itself at the latest evidence session of the UK Parliament’s investigation, welcoming the Treasury’s review of the tax regime, but warning of consequences if the UK became less competitive.
- KKR brings two on board
The private equity giant has named as senior advisors the former CFO of Siemens and the former CEO of Agere Systems.
- Blackstone post-IPO trading values firm at $37bn(3)
Shares in Blackstone closed today on the New York Stock Exchange, up 13 percent to $35 per share. The first-day trading values Stephen Schwarzman’s interest in the firm he co-founded at $8.5bn.
- Cracks appear as BVCA comes under fire
As the BVCA comes in for sustained criticism for its handling of yesterday’s Treasury Select Committee hearing, many in the industry – including its own chairman – are suggesting that it cannot continue in its current form.