KKR: No IPO Until 2009
AMSTERDAM (Reuters) - Kohlberg Kravis Roberts & Co's KKR.UL Amsterdam-listed fund reported a 22.6 percent decline in its net asset value since the start of the year and said a planned merger and new listing with its parent will not happen until 2009. KKR Private Equity Investors (KPE) (KKR.AS: Quote, Profile, Research, Stock Buzz), an affiliate of Kohlberg Kravis Roberts & Co that listed in 2006, had been planning to merge with its parent and list on the New York Stock exchange by the end of 2008. "As the decline in KPE's quarterly NAV evidences, some of our investments faced reduced valuations during the third quarter as a result of the extraordinary turbulence in the global capital markets," George Roberts, Co-Founder of KKR, said in a statement. Roberts said the group was redoubling efforts to improve
