Germany's ProSiebenSat 1 may sell unit

BERLIN, May 1 (UPI) -- At least three suitors apparently have lined up to snatch the TV production division of the German TV powerhouse ProSiebenSat 1.

Bidding war breaks out for Alliance Boots

NOTTINGHAM, England, April 20 (UPI) -- A multimillion-dollar bidding war for Britain's Alliance Boots PLC broke out Friday after a second private-equity group trumped a bid the company accepted.

Canada's BCE confirms buyout talks

MONTREAL, April 17 (UPI) -- BCE Inc., Canada's largest telephone company, confirmed Tuesday it may sell itself to a U.S. private-equity firm and three Canadian pension funds.

Dow Chem. fires 2 execs. for buyout talks

MIDLAND, Mich., April 12 (UPI) -- U.S. chemical producer Dow Chemical Co. said Thursday it fired two senior executives who it said had held "unauthorized discussions" about selling the company.

Reports: Fund in talks for Bell Canada

MONTREAL, April 10 (UPI) -- Shares of BCE Inc. hit a 52-week high Tuesday on news one of Canada's largest pension funds was in early talks to mount a $45 billion takeover bid.

TXU, Blackstone talks said to fall apart

DALLAS, April 3 (UPI) -- Takeover talks between Dallas utility TXU Corp. and a Blackstone Group private-equity syndicate have fallen apart, a published report said Tuesday.

KKR agreed to buy First Data for $29B

GREENWOOD VILLAGE, Colo., April 2 (UPI) -- U.S. private-equity firm Kohlberg Kravis Roberts & Co. agreed to buy big credit-card processor First Data Corp. for $29 billion, First Data said Monday.

KKR, Pessina raise Alliance bid to $19.8B

NOTTINGHAM, England, March 30 (UPI) -- U.S. private-equity firm Kohlberg Kravis Roberts & Co. and Italian billionaire Stefano Pessina raised their bid for Alliance Boots PLC to $19.8 billion Friday.

Bell Canada denies private takeover report

MONTREAL, March 29 (UPI) -- BCE Inc. of Montreal, Canada's largest telephone company, said Thursday that it was not seeking to be taken private.

Alliance Boots rejects $18.8B takeover bid

NOTTINGHAM, England, March 13 (UPI) -- British pharmacy giant Alliance Boots PLC has rejected an $18.8 billion takeover bid from a private-equity group as too low, the company's board said.

Dollar General agrees to $7.3B KKR buyout

GOODLETTSVILLE, Tenn., March 12 (UPI) -- Dollar General Corp. Monday agreed to be acquired by U.S. private-equity firm Kohlberg Kravis Roberts & Co. for $7.3 billion. The amount includes $380 million in assumed debt.

KKR, Pessina bid $18.8B for Alliance Boots

NOTTINGHAM, England, March 9 (UPI) -- U.S. private-equity firm Kohlberg Kravis Roberts & Co. and an Italian billionaire said Friday they offered $18.8 billion for Britain's largest drugstore chain. A takeover by KKR and Stefano Pessina of Alliance Boots PLC would be Europe's biggest buyout.

Report: TXU seeks other takeover bids

NEW YORK, Feb. 27 (UPI) -- Texas utility TXU Corp. is approaching private-equity groups to gauge their interest in beating a $45 billion takeover bid, a published report said Tuesday.

TXU utility agrees to $45B buyout

DALLAS, Feb. 26 (UPI) -- Texas' largest electricity producer, TXU Corp., said Monday it agreed to be sold for about $45 billion including debt in the largest-ever leveraged buyout.

Record-breaking buyout in the works

DALLAS, Feb. 24 (UPI) -- A private equity group is close acquiring the TXU Corp., a Texas utility, for a record-breaking $45 billion, The New York Times reported. The group is led by Kohlberg Kravis Roberts & Co. and the Texas Pacific Group, the Times reported. The takeover, if
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Kohlberg Kravis Roberts & Co. (commonly referred to as KKR) is a New York City based private equity firm that sponsors and manages investment funds, focusing primarily on leveraged buyouts of mature businesses. Since inception, the firm has completed over $400 billion of private equity transactions and was one of the pioneers of the leveraged buyout industry. In March 2010, KKR filed to list its shares on the New York Stock Exchange.

The firm was founded in 1976 by Jerome Kohlberg, Jr., and cousins Henry Kravis and George R. Roberts, all of whom had previously worked together at Bear Stearns, where they completed some of the earliest leveraged buyout transactions. Since its founding, KKR has completed a number of landmark transactions including the 1989 leveraged buyout of RJR Nabisco, which was the largest buyout in history to that point, as well as the 2007 buyout of TXU, which is currently the largest buyout completed to date . KKR has completed investments in over 160 companies since 1977, completing at least one investment in every year except 1982 and 1990.

KKR is headquartered in New York City with thirteen additional offices in the US, Europe and Asia . In October 2009, KKR listed shares in the company, through KKR & Co. an affiliate that holds 30% of the firm's ownership equity, with the remainder held by the firm's partners.

This article is licensed under the GNU Free Documentation License.
It uses material from the Wikipedia article "Kohlberg Kravis Roberts."
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