KKR related stories
All articles and analysis
TXU board approves $44bn buyoutOn Sunday night, the board of US energy giant TXU gave tentative approval to a record bid from KKR and Texas Pacific Group. The largest-ever LBO includes a key concession to environmentalists, according to reports.
- Al Salam Bank-Bahrain enters China’s private equity market
The Bahrain-based bank has agreed to partner with Chinese private equity firm CMIA Capital Partners.
- Qatar to build Sainsbury’s stake
Qatar’s state investment fund is looking to build its own strategic stake in Sainsbury’s, and is not in talks with Marks & Spencer for a joint bid, as was reported at the weekend.
- Boots yields to increased KKR bid
The UK retailer will open its books to Kohlberg Kravis Roberts, after the buyout firm increased its bid to £10.40 per share or £10.1 billion.
- New heights in the lowlands
Buyouts are booming in the Benelux region, with 2006 volumes already breaking records as mega-deals make the headlines. Competition for assets is intense and private equity firms have had to evolve strategically to differentiate themselves from the pack. Joanna Hickey reports.
- Coles takes a stand against club deals
Australian retailer Coles Group has again shunned its private equity suitors, reportedly insisting that it cut its bidding consortium from five firms to four. The move will fuel the ongoing debate about club deals.
- Critics line up against TXU deal
Pundits are questioning the merits of the $45bn proposed buyout of Dallas, Texas-based utility company TXU by KKR, TPG, and Goldman Sachs.
- Warburg Pincus gets real
The private equity titan and long-time real estate investors has raised $1.2bn for its first vehicle specifically dedicated to real estate.
- TPG joins CVC-led group for Sainsbury’s bid
The CVC-led consortium preparing a £9 billion bid for Sainsbury’s, a UK supermarket chain, has been further strengthened after Texas Pacific Group decided to abandon a rival bid and join the group.
- Schwarzman: “KKR destroyed the market for anyone else”
Blackstone chief executive Stephen Schwarzman has argued that public markets are not a viable source of capital for buyout firms, suggesting that Kohlberg Kravis Roberts’s $5 billion listed vehicle soaked up all the available liquidity.