KKR related stories
All articles and analysis
Qantas bid permanently groundedMacquarie and TPG’s Airline Partners Australia consortium has quashed hopes of an improved bid for the airline, after the company’s board said another offer would need to be higher.
- TPG and Warburg Pincus after New Look
US buyout firms TPG and Warburg Pincus have teamed up to bid for UK clothing firm New Look, which may lead to less competition for the store in the upcoming auction.
- KKR flips Australian waste firm
Kohlberg Kravis Roberts has sold Cleanaway after just 11 months, reportedly making a A$250 million profit.
- CVC, KKR pull out of Coles takeover bid
Kohlberg Kravis Roberts & Co has decided to follow CVC Asia Pacific and quit the consortium bidding for Coles Group after two weeks of due diligence on the Australian retail giant. Coles shares have consequently fallen below the A$17.00 mark for the first time since April.
- Cerberus commits $200m to Chrysler pension fund
Cerberus has moved to address union concerns over its buyout of Chrysler, a US carmaker, by committing $200 million to plug its pension fund deficit.
- Sun Capital buys Japanese snack maker(2)
Sun Capital’s recently established Japanese affiliate has completed its first deal with the acquisition of “Fruit Jelly” snack maker Tarami.
- Pessina banks windfall from Boots deal
Alliance Boots deputy chairman Stefano Pessina is set to land a windfall of more than £600 million if his take-private bid for the group is accepted – roughly the same amount that may be required to plug the company’s current pension deficit.
- Private equity backs its own in US election(2)
The US private equity community has contributed substantial sums to the ever-expanding war chests of the US presidential hopefuls. Republican candidate Mitt Romney, the co-founder of Bain Capital, has predictably been the most generously supported.
- US union sets sights on private equity(2)
The US’ largest labour union has issued a scathing report on buyouts, and challenged the private equity industry to reduce income inequality and ‘restore promise in the American Dream’ – prompting a response from the Private Equity Council.
- H&F earns back Gartmore investment(2)
Buyout house Hellman & Friedman is reportedly placed to make £200 million as part of a £520 million refinancing of asset management firm Gartmore less than a year after it backed a management buyout of the company.