MONDAY JULY 28
KKR IPO: Coup Or Anticlimax?

It’s official: Cousins Henry Kravis and George Roberts plan to convert their gargantuan leveraged-buyout firm, KKR & Co., into a publicly traded company by the end of the year so they can more easily expand their fixed-income and capital markets units. How? By way of a fancy-schmancy transaction involving 1) an Amsterdam-based fund 2) a listing on the New York Stock Exchange and 3) no new capital raised. Given that last element, why bother at all? Well…it’s complicated.

July 2008

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