KKR related stories
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GMB switches attack to Alliance BootsKohlberg Kravis Roberts’ £10.1 billion bid for Alliance Boots, potentially the largest European buyout to date, has become the latest deal to attract the ire of the UK-based GMB trade union, private equity’s most vociferous opponent.
- General Atlantic joins electronic trading trend
General Atlantic has bought a minority stake in the Global Electronic Trading Company, in the latest example of private equity interest in the burgeoning electronic payments sector.
- CCMP doubles up for new fund
CCMP Capital Asia is reportedly set to start fundraising for its CCMP Asia Opportunity Fund III, just two years after closing its predecessor.
- CVC admits defeat on Sainsbury bid
The Sainsbury family seems to have triumphed in its bid to keep the UK retailer out of private equity hands, after the last remaining members of the buyout consortium admitted defeat in their battle to take the company private.
- Buyout firms circle A$1bn Australian lender
KKR and GE Capital have reportedly teamed up to bid for RAMS, an Australian mortgage provider valued at about A$1 billion, as private equity firms and banks clamour for exposure to the booming Australian housing market.
- KKR pulls out of Sainsbury’s bid
US firm Kohlberg Kravis Roberts has pulled out of the private equity consortium circling UK retailer Sainsbury’s, amid growing concerns that its ongoing bid for Alliance Boots could lead to competition issues.
- Carlyle tops ground-breaking league table
The PEI 50, a new ranking from Private Equity International magazine, reveals The Carlyle Group has the largest private equity direct-investment programme in the world, having raised $32.5 billion in the last five years.
- Fortress snaps up struggling reinsurer
Fortress Investment has bought UK-listed reinsurer Alea for £162 million or 93 pence per share – a 65 percent discount on its issue price when Kohlberg Kravis Roberts floated the business in 2003.
- KKR optimistic about Japan
Kohlberg Kravis Roberts co-founders Henry Kravis and George Roberts have argued that Japan is set to change its attitude to private equity over time, as investors demand better returns.
- TXU-deal banker arrested for insider trading
A Credit Suisse investment banker was arrested for alleged insider trading in various mergers and acquisitions including the $45 billion TXU deal.