KKR TO Underwrite IPO of Portfolio Company NXP
NEW YORK (Reuters) - Private equity firm Kohlberg Kravis Roberts & Co. is planning to help underwrite the initial public offering of Dutch-based NXP Semiconductors, according to an updated regulatory filing on Monday. KKR is unusual among private equity firms in underwriting flotations. The private equity giant has had a capital markets team since 2007 and struck a deal last June with mutual fund giant Fidelity Investments to sell shares in IPOs to retail customers.
25 May 2010•2 mins read
