KKR related stories
All articles and analysis
Warburg portfolio company in talks with Silver LakeWarburg Pincus is the largest shareholder in US telecom products company Avaya, which is reportedly in take-private talks with Silver Lake Partners.
- Cerberus joins BCE battle
Cerberus has joined the race to buy BCE, a $29 billion Canadian telecoms giant currently undergoing a strategic review, as the country’s biggest pension funds scramble for some involvement in the deal.
- Carlyle to float $1bn vehicle on Euronext
Carlyle is set to become the latest private equity firm with shares of an affiliate, Guernsey-based investment company listed on Amsterdam’s Euronext exchange. It has already raised $600 million for the vehicle, and expects the public offering to raise an additional $400 million.
- CBI backs private equity
The Confederation of British Industry, a UK industry body, has submitted a statement to the UK Treasury arguing the government should not increase regulation of private equity. Instead, the business model’s success in job and wealth creation should be seen as reasons to adopt low taxation across the UK business sector, it believes.
- TH Lee, FNF to pay $5.3bn for Ceridian
TH Lee and Fidelity have teamed up again to buy a business services provider, inking a $5.3 billion deal for Ceridian, a company in the trendy payment processing space.
- Jupiter defends use of cov-lite loan
Jupiter Asset Management, a UK fund manager recently bought out by management and TA Associates, has hit back at criticism of the £425 million “covenant-lite” loan it will use to finance the deal. The controversial structure, which was pioneered in the US but is now crossing over into Europe, removes many of the traditional protections for lenders.
- Consortiums eyeing $24bn Alltel deal
US regional wireless carrier Alltel is reportedly in meetings with at least three groupings of major private equity firms: Blackstone and Providence, TPG and Goldman Sachs, and Carlyle and KKR.
- KKR appoints co-CEO for Japan operations
Kohlberg Kravis Roberts is looking to the experience of Shusaku Minoda, a retired Japanese banker, to lead its efforts in a market most international buyout groups have had a tough time cracking.
- Blackstone to buy Alliance Data for $7.8bn
Activity in the electronic payment space continues with the Blackstone Group’s agreement to buy Dallas, Texas-based Alliance Data, a provider of transaction, credit, and marketing services, in a deal valued at $7.8 billion.
- Boots shareholders back KKR buyout
Shareholders in Alliance Boots have voted overwhelmingly in favour of Kohlberg Kravis Roberts’ £11.1 billion bid, despite continued complaints from trade union officials and trustees about the company’s pension deficit.